Buyer’s Tips in Baja California Sur’ Real Estate Market
Fell in love with the area, but have no idea where to start? Reasonable. Here are five basic steps towards living your dream.
Find an agent-
Working with an agent has many benefits. They can assist you in your search no matter where you are in the process. They can assess your needs and match you with the best properties. Market knowledge is key, so a local expert who is a member of AMPI is the way to go.
Get to know the area-
Do you like the capital city of La Paz, the wilder East Cape, the culture of San Jose del Cabo, the action of Cabo San Lucas, or the tranquility of the Todos Santos area? Your local expert can guide you in your search.
Specify your needs-
Is your purchase an investment for rental purposes, a vacation home, retirement home, or future residence?
What kind of community do you want to live in? What amenities are important to you and your family/guests/renters?
How many bedrooms/baths, size range inside and out, and what features do you need in your home?
Don’t be afraid if you don’t find exactly what you are looking for, your local expert can assist you with reputable builders and contractors to make improvements or even to find an architect to build your dream home on a piece of property.
Get to know the market-
What are homes selling for in your preferred area? How many homes/lots/condos sold in the past year? Your agent can provide current and sold comparables so you can feel confident in your purchase.
Find out any special issues with foreign ownership in Mexico-
How is my title held? Is it a land lease, or do I own it outright? What happens when the trust expires? Is the closing process similar to the USA or Canada? How long does it take? Is there financing available in Mexico? Can I bring my US plated car into Mexico and leave it there?
Your local expert can answer these questions and more!
Jennifer Powell is an Accredited Buyer’s Representative Real Estate Advisor and a Member of AMPI and NAR