Avatar
Financial Group, LLC,
100 Wall Street, Seattle, WA 98121
Toll Free: 1-888-886-0097 Phone: 206-728-5900
Avatar Financial Group provides bridge and hard
money loans for commercial real estate projects
in Los Angeles. Avatar is institutionally funded
and offers rates
& terms that are unavailable from other lenders
www.AvatarFinancial.com
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Baja
California Ocean Front Lots and Land $10,000 up to $100,000,000 that’s right 100
Million 760 203-2227 U.S.
Rosarito, Tijuana, Ensenada, Cabo San Lucas,
Mulegue, La Paz, Bahia de Los Angeles, Los
Frailes (East Cape), Rocky Point/Puerto Penasco,
Todos Santos and more. We have exclusive
property all throughout Baja Mexico. Only
through
www.baja123.com Don’t miss these
opportunities! ONCE THIS BEACH FRONT IS GONE--
IT IS GONE!!
http://www.baja123.com/BAJA_LISTINGS/page_1264271.html
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Rick Marks Real
Estate / Baja Properties Own Your Piece of Paradise! Serving the East Cape, Los Barriles, Buena
Vista, Punta Pescadero, Las Tinas, Boca del Alamo,
Bahia de Los Sueños, Baja Sur, Mexico
530-350-3161
www.rickmarksrealestate.com
Rick@rickmarksrealestate.com We are MLS and have served the area since 1998
with offices in Los Barriles, San Jose del Cabo and
Cabo San Lucas. Real estate is booming in and
around Los Barriles!! The opportunities both on the
beach and on the dramatic hill sides are exciting
and are considerably less money than the rest of Los
Cabos.
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"Place
Ad" Order Form BajaQuest™
Communications Center:
Phone: (209) 369-4929 Post Office Box 311, Woodbridge, Ca. 95258-0311 eMail Us
Answers To Frequently Asked Questions
About Buying Property in Baja California, Mexico
Are foreigners permitted to acquire property in Baja California, Mexico?
Yes, foreigners may acquire property in
Baja California, Mexico. However, if the property lies within a "restricted zone" such as along borders or in coastal areas, it must be purchased via a legal instrument called a
"fideicomiso" or, bank trust. This trust gives you, the beneficiary of the trust, the same rights and obligations as full ownership.
How do I establish a
fideicomiso?
A fideicomiso must be established and recorded by a
"notario" or, notary public. Your real estate agent should be able to recommend a notario to establish the trust as well as a bank to administer it. Notarios and banks charge competitive fees for their services and the fees depend partly upon the stated value of the property. Most real estate agents work with one notario who works with one bank but are, in fact, able to work with those that you choose. Check out your options and get estimates on fees from a few different notarios and banks.
What information must I provide in order to establish a fideicomiso?
You'll need to provide basic information such as name, address and phone number in the US (or other country of origin), occupation and nationality. If married, the same information will be required of your spouse. You'll need to provide a copy of your passport and tourist visa. The name, nationality, address and phone number of any secondary beneficiary to the trust will also be required.
This trust can be established for
50-year and is
perpetually and renewable. During this time, you have all the rights of direct ownership
including selling or leasing the property. In addition, it becomes part your estate
and can be passed on to your heirs, without inheritance tax.
How much does a fideicomiso cost to establish?
Again, costs vary from notario to notario and from bank to bank. Your real estate agent should help you obtain written estimates from notarios and banks regarding the fees for the establishment and yearly maintenance of the
fideicomiso.
How do I find a reliable real estate agent who will protect my interests?
Ask lots of questions and interview several different agents and/or brokers. Business operates at a slower pace in Mexico so try not to be in too much of a hurry but you can insist that your agent communicate with you regularly and keep you posted during every step of acquiring a property. Real estate agents will tell you that you don't need a lawyer involved in real estate transactions. This is technically true and your real estate agent should be able to translate negotiations for you. However, if you feel more comfortable that your interests, not the interests of the seller, will be protected by hiring your own lawyer then, by all means, do so. Remember, the real estate agent is paid by the seller, not the buyer. There are English-speaking lawyers on the
Baja California Peninsula knowledgeable in real estate transactions.
Can I obtain a listing of homes and
property currently on the market?
A reputable agent should make a list available to you. It's best to be specific about a price range when requesting listings but be flexible too as you may find spending a little bit more will get you a lot more in the long run.
What if I want to buy a home now but I don't plan to live in it until I retire?
There are plenty of property management companies
in Baja who can care for your property in your absence. Again, ask lots of questions and interview several companies. Find out exactly how your home will be maintained and all the fees involved. Property managers should be able to put your home into their vacation rental pool if you desire. Additional fees will be involved in the rental of your home and you should receive a written contract which clearly states all fees or commissions that you are expected to pay as well as outlines how your home will be cared for. The property manager should also provide you with detailed monthly statements of your income and expenses along with original receipts.
So where do I start?
One, don't be in a hurry. Conduct your interviews of real estate agents and/or brokers until you feel comfortable with one - or more. Remember, you don't have to depend on just one agent. Most agents have their own listings and some do not share theirs with others so use all the available resources. Two, talk to friends and acquaintances living
in Baja. Make a point to get to know them and let them get to know you. "Locals" often know of properties for sale which are not listed with any realtor. Later, you can obtain a lawyer to be involved in negotiations and in supervising the purchase transaction. And three, be prepared to make more than one trip to
Baja to find that perfect home. Try to be prepared to make a spur of the moment trip to
Baja should your agent call you with a new listing that fits your needs and price range.
