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Find your new home now!
So, you are ready to start your search for the perfect vacation property or second home in Cabo? Congratulations! Searching for property in a different city can be an inconvenience, searching for property in a different country can present a real challenge! That is why the team at Laguna Realty has developed a website that will give you all the information you need to narrow down your search for any type of real estate in Los Cabos.
Don't know the difference between Cabo San Lucas and San Jose del Cabo? No problem. Click on the Communities section for an overview of each of the distinct communities. Each of these pages will include the most recent listings in that particular area.
Do you want to do an advanced search in a specific community you already know, on the search tool, click on City, then select one of the communities where we have coverage, once you have it selected, the toll wil adjust automatically to the area of interest, and then you can refine your search clicking on the Filters button, and you wil see the different options that fit the best of your needs like your price range and if you like the number of bedrooms and bathrooms and click the search. It's as easy as that.
In the same tool you will be able to see the Location map of where exactly the property of your interest is located in order for you to have a better idea of where are you looking for and you can consider the best area of your likeness.
You can save searches, and get daily email alerts of new listings and price changes. The Search Tool is free for you to use on an unlimited basis.
Our website features the best real estate search tool for homes, condos, land and lots available in Los Cabos. It is the only site you will ever need! It is easy-to-use and updated by the official Los Cabos MLS Realtor’s database every 15 minutes. Have questions on how to buy real estate in Mexico? No problem. Buying in Mexico will give you all the answers to the questions you have about what to expect when buying real estate in Mexico. We have tried to think of everything that you would want to know but we might have missed something.
You will be connected with a Laguna Realty team member when you sign up for our free search tool. They will be able to answer all your questions. And when you have found properties that you want to investigate further, they will be there for you to schedule viewings and advocate for you as a buyer.
Buying in México
Purchasing real estate in México
Can foreigners purchase property in Mexico?
Purchasing real estate on the Baja California Peninsula is a bit different than purchasing in either the United States or Canada. The Mexican Constitution allows foreigners to purchase real estate and take title two different ways. The first, “Escritura” is a fee simple deed and the second, “Fideicomiso” is a Bank Trust. Any real estate within 100 kilometers of the national border and 50 kilometers from the sea is considered to be within the Federal Zone and can only be purchased by foreigners using a “Fideicomiso”. Since the widest point of the Baja Peninsula is approximately 95 miles the entire peninsula is considered a Federal Zone.
What is a Fideicomiso?
The Fideicomiso (Land Trust) is very similar to other real estate trusts offered in North America. In Mexico the Trust is made up of the Trustee (A Mexican National Bank) and the Beneficiary of the Trust is the foreign owner. Heirs to the Beneficiary are the Sub-Beneficiaries. The trusts usually are written for a period of 50 years with an automatic renewal for 50 years. There is an annual fee to administer the Trust at an average cost of $450 - $650 US dollars. In the event of the Beneficiary’s passing, the property is automatically passed to the Sub-Benificiary without the need for probate action by a court of law. The beneficiaries of the Trust have the same ownership rights as a national without exception. If the beneficiary wants to change the terms of the Trust it can be done at any time.
How much are property taxes?
Properties in Mexico are taxed at a much lower rate than in North America. For example California residential real estate taxes are taxed at an average rate of 1.5% of the property value when purchased. Using this value a home in California valued at $500K US would have an annual property tax of $7,500 US. A home valued at $500K US in Baja California will have an annual property tax of approximately $350 US and if paid in January a 20% discount is offered. For details of the purchase process please refer to the, Steps of Purchasing property in Baja California.
What is the purchasing process?
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Sale escrow periods are generally between 60-90 days of acceptance of an offer.
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After both the buyer and seller have come to an agreement (accepted offer) the due diligence period begins.
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Usually within 5 business days an Initial Deposit is made to the closing agent or escrow company.
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The buyer and seller are also both required to send the closing agent 2 forms of identification; typically a passport and drivers license.
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The closing agent will also request a utility bill from the residence of both parties verifying their current residence.
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The purchase agreement will have a set time period where the necessary physical inspections of the property, title searches and document preparation are made and reviewed by the buyer and seller.
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Provided everything is in order the buyer makes an Earnest Money deposit and both parties are locked into the transaction unless either the buyer or seller default.
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At this time the closing agent and notary prepare the Fideicomiso (Land Trust) and supporting documentation to grant the title to the buyer.
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The buyer will be notified by the closing agent approximately 5 days prior to closing so that the buyer can make the final deposit. Once the final deposit is verified the Notary will ratify the documents and the property will be granted to the owner.
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The originals of the Fideicomiso will be sent to the state capital for registration and will be available to the buyer in approximately 60 days.
Services
At Laguna Realty, we’re here to make your real estate journey seamless and enjoyable.
Here’s how we can help
Buyer Representation
We’ll guide you every step of the way to find the perfect property that fits your needs and lifestyle.
Legal Assistance
Through Affiliates
Our trusted partners provide support to navigate the legal aspects of real estate transactions.
Listing Property /
Seller Representation
Ready to sell? We’ll showcase your property to the right buyers and ensure a smooth process.
Vacation Rental Services
Maximize your property’s potential with our vacation rental management expertise.
Property Consultation /
Market Analysis
Get expert insights on property values and market trends to make informed decisions.
Construction /
Development Analysis
Considering a build or development? We offer insights to help you make sound investments.