There are two annual fees to be paid in January for those who own property in Baja California Sur. Mexican property taxes are known as predial and like most other counties and municipalities these taxes are used to operate local governments. Similar to our north of the US – Mexican neighbours, there is a discount for paying the entire tax early; paying by the end of January you receive a 20% discount, February for a 15% discount, March a 10% discount and April, a 5% discount.
Most homes in Los Cabos are sold furnished or partially furnished. A small percentage of homes do not include the furniture, and this will be stated on the listing agreement. If the house is to be sold furnished, the seller should make a list of exclusions for items that are not part of the purchase. Be aware that sometimes when a buyer is advised that an item is excluded, it somehow makes that item extremely intriguing and sometimes buyers will ask to include it in the deal. If you are adamant that an item is not negotiable, tuck it out of sight so it does not even appear on the buyers’ radar. If this item is negotiable to the sale, make that known.
If there is a piece of furniture that has seen better days, it’s simply best to get rid of it before pictures are taken for the listing. Many buyers are not able to see beyond the furniture and simply focus on the bones of the home, so I recommend removing all the distractions. Some sellers opt to sell the home and the furniture separately. Usually this is because capital gains tax is paid on the price received at closing, so if the seller can take the cost of furniture off the selling price, this will assist with lowering the capital gains tax. Again, everything is negotiable, so speak with your agent during the buying and selling process to determine what is the best option when buying and selling.
By Jorge M. Conde, ESQ.
After the preliminary agreement has been signed, the closing agent (broker, attorney or real estate professional) will assist in the purchase process. Property title search, appraisals, finance approval, visual inspections, etc. are usually performed before the closing date.
Whenever I buy a property or I am assisting buyers with their purchases, I always think about resale. Real Estate is one of our most valued investments and re-sale should always be considered in these terms in order to protect that investment.
The yearly whale migration along the coast of the Baja Peninsula is an attraction many people flock to yet few explore the wonders of Los Cabos from beneath the water. Where the cold currents of the Pacific Ocean meet the warm waters of the Sea of Cortez a vast array of marine life flourishes. For those with the curiosity to interact with wildlife in its natural environment, the Pelagic Safari is the perfect opportunity.
Buyers beware! Investing in a property in Cabo is everybody’s dream. However, many Buyers are losing thousands of dollars by not working with a qualified real estate advisor or what is also known as a “Buyer´s rep.”. What many Buyers don´t realize is that using a qualified real estate advisor will not cost the Buyer a dime but rather save the Buyer thousands of dollars.
If you’ve enjoyed a day exploring our Baja desert, kicking back at the playa or looking at Los Cabos real estate there is a good chance you came across a taco stand or two. Our famous Baja tacos are traditionally fish, shrimp or some other type of fresh seafood yet the combination of tortilla and fillings is endless as our local food scene leaders are known to think way outside the box.
This town has a special vibe that makes you just fall in love with the place. It has it all!
Art, history, perfect weather, amazing sunsets, a growing international community, exotic food, incredible beaches, an oasis in the desert.
They say a picture speaks more than a thousand words, so I’ve selected a few of my Instagram photos to show you what it is like to live in this Baja Paradise.
Vacation in Cabo like a local with these five can’t-miss activities
5. Saturday Organic Market in San José del Cabo
Starting in November and running through May, every Saturday from 9AM-3PM follow the sounds of laughter and music down a dirt road lined with carrizo (reeds) gently swaying in the breeze to the Mercado Organico (organic market). Find locally sourced fresh produce, plants for planting at home, handmade gifts, artisanal jewelry, local photographers, poets, storytellers, performers, and FOOD! The market has grown year after year and is without a doubt a “cannot-miss” event each Saturday. Insiders tip: Visit the booth “El Rinconcito” and sample their amazing tamales, chilaquiles, and vegetarian pozole.. you can thank us later!
The worst part of living in Los Cabos
It is a melancholy moment when the planes tires leave the ground as you depart San Jose del Cabo International Airport. After living in Los Cabos for four years, I never thought that going on vacation would bring such anxiety. Am I excited to depart on a trip that has been bought and paid for after months of planning? Absolutely. A day of skiing in Lake Tahoe.