real estate opportunity in cabo san lucas

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Cabo San Lucas, Fractional Vacation Ownership, Full Ownership, Real Estate, Residences

Mexican real estate in Cabo San Lucas

When it comes to Mexican real estate in Cabo San Lucas, there is an abundance of great choices available right now. From its excellent weather year-round to natural beauty, it is a dream location for many people in search of Mexican real estate by the ocean. When compared with coastal properties in the United States, the price point in Cabo for amazing Pacific Ocean views cannot be beat. It is always helpful to enlist the services of a reputable Mexican real estate agent to help you on your house hunt as well.

The Time is Now

Are you wondering if now is the time to buy Mexican real estate in Cabo San Lucas? It appears to be that way. Whether you are looking for a home in a gated community or want a condo-hotel with all the bells and whistles, there are lots of options available and it is still a buyer’s market. Mexican real estate in Cabo San Lucas can range from a nice two-bedroom home for as little as $250,000 up to more than $2 million for a luxury, upgraded three-bedroom condo with all the services and amenities one would expect.

Luxury Mexican Real Estate: Villa La Estancia Cabo San Lucas

Interested in investing in a timeless, well constructed property that will retain its value and could also possibly serve as rental income for the future? If so, then consider the luxurious Mexican real estate available at Villa La Estancia Cabo. Located on Cabo San Lucas’ charming Medano Beach with views of the iconic El Arco at Land’s End, Villa La Estancia Cabo is an award-winning property that offers both full and fractional ownership and exclusive 5-star amenities so you can enjoy a magnificent, relaxed lifestyle for all your vacations. Visit try-and-buy to learn more about the popular Try and Buy program where you can test out a property and its community first by experiencing it firsthand before you have to sign a purchase contract. With amazingly spacious units that are elegantly furnished and designed, to the spectacular amenities including multiple pools, spas, gyms, restaurants and bars, at Villa La Estancia Cabo San Lucas you truly can have it all.

Strong Rental Market

Another benefit to owning Mexican real estate at Villa La Estancia Cabo San Lucas is that there is a very strong rental market in Cabo. If you decide to rent out your property at Villa La Estancia Cabo San Lucas, it can help cover expenses for your investment when you are not using it. The staff is friendly and courteous, and available twenty-four hours a day to assist you and your potential renters as needed. The majority of buyers purchasing Mexican real estate at Villa La Estancia are from the United States and Canada, but Europeans and other nationalities are starting to invest in Cabo San Lucas Mexican real estate as well.

To learn more about how you can buy Mexican real estate at Villa La Estancia Cabo in Mexico, visit https://cabosanlucas.villalaestanciarealestate.com/ today to view the units available and learn more about the fabulous amenities and services that await you. The time is now to invest in your future!

by VLEAdminRE,
Destinations, Fractional Vacation Ownership, Real Estate

Can Foreigners get a Mortgage in Mexico?

Mexico is a growing market for long-term mortgage loans and is in its relative infancy when compared to the USA, Canada and Europe. As such, there is a great potential for financing sources, although interest rates are high when compared to fully developed nations. However, whether or not you, as a foreigner, are eligible for a Mexican mortgage depends on a number of factors, as will be discussed herein.

Mortgages in Mexico

The mortgage industry in Mexico is blossoming but remains well behind the leading world economies. Loans are now readily available for Mexican nationals in pesos with an average fixed rate of 10-12% per annum, which is much higher than the USA, Canada or Europe, but is nevertheless accessible. Mortgages can also be offered for up to 90% of the property value meaning that with just 10% deposit plus fees (which usually amount to around 5%), you can purchase a home to be repaid over 20-25 years.

Can foreigners get a Mortgage in Mexico?

It is not so easy for foreigners to get a Mortgage in Mexico, although not impossible. Foreigners who have permanent residency in Mexico, particularly those who are employed by a company in Mexico and pay Mexican taxes, will find there are a number of banks who will lend to foreigners. Likewise, permanent residents who can prove regular foreign income may also be eligible for a mortgage in Mexico.

Other options include private developer financing, which is sometimes available on new builds, or to negotiate an agreement with the seller to pay back the value of the property over a period of time. These types of mortgage loans tend to be short term loans and usually require a large deposit, which could be as much as 50%. Private loans are also a possibility but will face much high interest rates and risks.

    Minimum Requirements for a Mortgage in Mexico

  • 6 months of statements from a Mexican bank.
  • 6 months of bank statements from your foreign bank or 6 months of payslips from legitimate employment in Mexico.
  • Temporary or permanent residency.
  • Birth Certificate.
  • RFC Tax Number.
  • Medical certificate to prove eligibility for life insurance.
  • Good credit rating in Mexico or a good credit report issued from an authorized foreign credit service.
  • Proof of address.

Developer financing with Villa La Estancia Real Estate

Developer financing is available for a limited time only for those who wish to purchase a property at Villa La Estancia in Riviera Nayarit and Cabo San Lucas. Developer financing is available over 10 years and depends on 25% deposit, fees and eligibility.

by VLEAdminRE,