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.

Villa La Estancia Cabo San Lucas Real Estate

Villa La Estancia Cabo San Lucas Real Estate

Have you ever dreamed of living in a luxury home by the ocean in sunny Cabo San Lucas, Mexico? Well, if you have, Villa La Estancia Residences may have the answer. Here you can enjoy prime real estate on Cabo San Lucas’ charming Medano Beach. Villa La Estancia showcases a great variety of prime real estate including villas which are eligible for full and fractional ownership. These villas benefit from the 5 star amenities of the resort too.

Prime Cabo San Lucas Real Estate

Villa La Estancia Residences benefit from a gorgeous location on Medano Beach, Cabo San Lucas where the waters are pristine and safe for bathing and water-sports alike. Why not try paddle-boarding, kayaking, or snorkelling in your home aways from home? These high-end properties overlook the famous El Arco landmark as well as the gorgeous ocean waves. They also have access to the unparalleled services which can be found at the Villa La Estancia hotel in Cabo San Lucas.

5-Star Living at Villa La Estancia

Just picture it; the breathtaking sight as you arrive at your second home you can see Land’s End and the iconic El Arco rock formation. The sun is shining and you can hear the waves hitting the pristine sand. In your elegant hacienda-style vacation home you crack open a bottle of wine and watch the sunset; this is the five star living on offer at Villa La Estancia Cabo San Lucas Real Estate.

Villa La Estancia’s Residences for Sale

Each of the 156 luxury-appointed villas found at the Villa La Estancia in Cabo San Lucas are available for full and fractional purchase, and they are truly phenomenal! Each villa has en-suite bedrooms, spa bathrooms, sophisticated lounge-diner space, expansive outdoor spaces and a fully equipped gourmet kitchen complete with a dishwasher and washer/dryer. These hacienda-style villas are prime Cabo San Lucas real estate.

Fine Restaurants

Prime real estate this may be, but the Villa La Estancia properties in Cabo San Lucas are more than just vacation homes in the sun. They offer a chance at property ownership partnered with all the benefits of staying in a 5 star hotel. This includes access to onsite restaurants like La Casona and La Parilla, as well as the complimentary trolley service to take you to the sister resorts of Villa del Arco and Villa del Palmar where there are 5 more restaurants. There is also a great menu which you can take advantage of through room service if you feel like spending the day in bed relaxing.

Luxury Amenities

The Villa La Estancia Cabo San Lucas real estate is all about delighting your senses, pampering your body and relaxing your mind. With these goals in mind the following services and amenities are available to all villa owners;

  • Multilevel pool
  • Easy beach access
  • European style Spa
  • High tec Gym
  • Palmita deli and market
  • Concierge services
  • Housekeeping
  • Room service
  • Private chef services
  • Wifi
  • Laundry services
  • 24-hour security within a gated community
  • Self sufficient power generator
  • Water desalinization system for emergencies