Buying Real Estate in Los Cabos – The Facts

Are you considering buying real estate in Los Cabos? If you are, then we have provided a few tips and facts for you to think about before you purchase real estate in Los Cabos in the article below. Here’s what you should know before buying real estate in Los Cabos – The facts.

Closing Costs in Los Cabos

Generally, the closing costs when buying real estate in Los Cabos will take 30 – 60 days. All of the paperwork and the escrow payment will be regulated through the real estate agency office that you have selected along with the local public notary. All of the closing costs must be paid by the buyer and the seller will pay all of the real estate fees and the capital gains taxes. The buyer and the seller do not necessarily have to be present during the closing, but a sales associate or power of attorney will need to be issued in order for a representative to sign on your behalf.

Property Taxes

In Los Cabos, the property taxes are very affordable. The property taxes are known as “predial” and is around 0.08% of the assessed value of the property, as determined when the property is sold.

Property Maintenance

The Condominium Owners Association handles all the maintenance and security for all of the common areas for condominium owners buying real estate in Los Cabos. The maintenance fees for condominium owners are paid by monthly fees. If you will be away from your property for a lengthy time, then you should consider hiring a property management company to assist you with your property.

Property Insurance

In Mexico there are a variety of insurance types, which include earthquake, liability, property, and damage and the insurance is very affordable. There are many types of insurances, some can also reimburse you with US dollars if you wish. Just be sure to check your contract when purchasing your insurance.

Financing Properties in Los Cabos

Most of the real estate properties purchased in Mexico are paid in cash, but lately mortgages are becoming available even though the interest rates are high. Foreign buyers will have to provide their own financing. For example second mortgages, equity loans, and personal credit lines will have to be done by the buyer. When buying real estate in Los Cabos at Villa La Estancia Los Cabos, the developer can offer private financing to those who qualify.

Rental Potential in Los Cabos

There is great rental potential in Los Cabos for condos and homes. If you own property that you rent out at a price that is competitive, then you may look towards a potential 70 – 80% occupancy.

Property Equity

Buying real estate in Los Cabos should not be seen as a get rich quick investment but appreciation is fairly stable. The majority of buyers looking for second homes in Los Cabos are wanting it for their retirement or for vacations, which makes the real estate market in Mexico stable.

Buying real estate in Los Cabos is easy to do. You now have the facts and tips that will assist you in buying real estate in Los Cabos.

Prime Real Estate in Cabo San Lucas

Cabo San Lucas is the ideal place to find prime real estate in Mexico, and Villa La Estancia Cabo San Lucas is the perfect choice for those with discerning taste.

Villa La Estancia Cabo San Lucas

Overlooking the iconic El Arco landmark at Cabo’s famed Land’s End, Villa La Estancia Cabo San Lucas provides prime real estate opportunities on the charming Medano Beach. Full and fractional ownership is coupled with 5-Star amenities and services for magnificent lifestyles enjoyed within a totally relaxing setting.

Prime Real Estate in Cabo San Lucas

Celebrated for its unrivalled world-class services, tranquil setting and sophisticated style, Villa La Estancia Cabo San Lucas has put property ownership in Mexico firmly on the map. A dream come true when it comes to prime real estate in Cabo San Lucas, just imagine the scene upon entering the lobby as you arrive home to your private beachfront residence to be greeted by the Land’s End rocky arch as it rises from the sea. Your elegant hacienda-style villa will be a hit amongst your friends who will be eager to come and visit you in your home by the sea.

Impeccable Cabo Real Estate

This impeccable high-end property in Cabo San Lucas commands a prime location on Medano Beach, where the waters are safe for swimming and you are only a short walk or taxi ride to downtown Cabo. This is a prime real estate location for anyone looking for an investment in Cabo. Villa La Estancia is also the only real estate option on Medano Beach to offer both full and fractional deeded ownership.

The Residences

Prime real estate at Villa La Estancia Cabo San Lucas includes Penthouses, 3 Bedroom Villas and 2 Bedroom Villas, all of which come decorated in a sophisticated colonial-hacienda style with fully-equipped gourmet kitchen and elegant lounge and dining areas. Double glazing, maple cabinetry, steel appliances, marble floors, whirlpool tubs, walk-in closets and more sophisticated details feature throughout.

For more information about prime real estate in Cabo San Lucas, call us today to find out how you can come and view our residences for sale: 1 877 499 1901.