Cabo San Lucas Vacation Home - Tips for Buying Cabo San Lucas Real Estate

Looking for a home in Cabo? If so, you are about to embark on an exciting journey while making the investment of a lifetime. (If you are looking for a rental for your vacation, click on Cabo Rental Time Share to view the villas, timeshares & condos in our listings.) In this article, I'll give you some important tips for buying a home in Los Cabos and make some valuable recommendations.

The Los Cabos real estate market is hot, hot, hot. The real estate boom in Cabo has spread like wildfire in all directions with no end in sight. The only area where the market seems to have tapered off is in the capital city of La Paz. If you have some money to invest, my advice is to do it now because homes are almost guaranteed to increase in value. Be forewarned: don't be like my husband and I and kick yourself in ten years for failing to make an investment in a rapidly growing market.

Tips for Buying a Cabo San Lucas Vacation Home

• Pick a reputable real estate agent. Since my husband and I have been vacationing in Cabo San Lucas for over twenty years and have been looking at various properties through the years, we know some people in real estate. One real estate agent in particular is a shining example of customer service at its best. She is honest, reliable, dependable, hard working and knows the Los Cabos market inside and out. Click on the following link to get in touch with her. You will be asked to fill out a form with your name and contact information, price range, timeframe, etc. To do so, click on Cabo San Lucas vacation home Make sure to tell her Laura Ramirez of cabo-san-lucas-beaches.com referred you.(You can also use this form if you are looking to set up permanent residence in paradise.)

• Know what you're looking for. Sit down with your spouse or partner and discuss your needs and wants. How many bedrooms do you need? Do you want beach front property (and more importantly, can you afford it) or will you be content with ocean views? Define a list of standard requirements and communicate it clearly to your real estate agent. Tell her that you respect her time and yours and that you only want to view properties that meet your list of standards.

• Give yourself time to look at properties. Rather than flying into Cabo, trying to find a real estate and see a bunch of properties in two or three days time, make contact ahead of time by using the link above. Remember that some of the properties may be occupied and the occupants will want notice before the property is shown.

• Get your financing in place. Third party financing is available now in Cabo San Lucas which makes purchasing a home easy and hassle free. (Twenty years ago when we first looked at purchasing a place in Cabo, the purchaser had to pay cash! Things sure have changed.) Discuss financing with your real estate agent. If you intend to get your own financing, keep in mind that closing costs in Los Cabos range from 5-7%.

• Get title insurance. Although it is optional, consider it a must. There are many reputable title insurance companies in the Los Cabos area. Choose Fidelity, First American or ask your real estate agent for a recommendation.

• Although it's easier to finance a Cabo San lucas vacation home than it was ten or twenty years ago, this doesn't mean that the paperwork process is simple. Real estate transactions take time and involve a number of governmental agencies, so relax, be patient and use the interim to start planning how you will decorate your new home.

If you have recently purchased a Cabo San Lucas vacation home and would like to share your experience or any aspect of it (such as getting financing or how long the process took) with our web site visitors, please submit your story using the Contact Us link to the left. If you have suggestions or advice that will be useful to our web visitors, we will be happy to post your article along with a photo of you in front of your new home.

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Cabo San Lucas Vacation Home - Cabo San Lucas Real Estate

Cabo San Lucas

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