Thousands of Dollars Lost in Cabo Real Estate

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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. As with many other markets, the standard policy in Cabo real estate is that the Seller pays the commission which is often split between the Seller´s Rep and the Buyer´s Rep. If there is an agent involved on the Seller´s side, why would a Buyer also need an agent? Well, if you think about it, a Seller is always going to try to get as much money for their property as possible. Buying directly from the Seller without using a qualified real estate advisor will often lead a Buyer to over pay or settle for a less desired property.

Purchasing a property in Cabo can be tricky. It is a complicated market. The majority of transactions are carried out between international Buyers and Sellers which require the use of investment vehicles such as a Trust or a shell company. The closing process is also complicated and, in some cases, can be prolonged up to 6 months. Obtaining a clean title requires certain due diligence that a qualified real estate advisor will perform as part of their service at no cost to the Buyer. Not to mention the property inspection process, which is highly recommended.

Choosing not to work with a qualified real estate advisor will not save you any money but may cost you thousands of dollars. As the Seller will pay the commission, your real estate advisor will work for you yet get paid by the Seller. A qualified real estate advisor will perform a thorough market analysis, provide you with a valuation of the property, perform a comprehensive due diligence on the property and help you carry out the contracts and closings in a legal and safe manner.

In any business transaction, having an advisor by your side is always beneficial. So why would you not have one when purchasing a dream home or making a large investment in real estate? We call this a “no brainer”.


Mauricio Rivero

+52.1.624.122.5536
mau@theagencyloscabos.com

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About The Author
Mauricio Rivero

Mau Rivero began his real estate career in 2005 when he moved to Los Cabos to help in the development of a high-end beachfront community. Mau has been involved in many real estate transactions in both residential and commercial properties, on both the buyer and sellers sides. His bilingual education and international experiences have allowed Mau Rivero to work with both national and international clients, as well as to acquire a vast list of contacts in the local business community. His experience in the luxury real estate market of Los Cabos has set Mau Rivero apart from the norm and his participation within the local community of realtors has allowed him to grow his network and increase his outreach to the local real estate agents. Mau Rivero has worked with large multi-national developers of high-end, master-planned communities and has participated in the Local Developers Association, which has given him the necessary expertise to broker the purchase and sale of large commercial properties. Mau is an avid surfer and enjoys the outdoor lifestyle offered in Cabo. He likes to spend much of his spare time seeking adventure in the East Cape with his family and friends. Mau Rivero is a husband and father of two young children, and is involved and well known in the local community. Through his business and personal experiences, as well as his love for the outdoor lifestyle, Mau has specialized in the sale of beachfront properties and high-end communities.