Los Cabos Real Estate and Community News

Aug. 28, 2026

If You Had $1,000,000 USD, Where Would You Buy in Los Cabos?

If you had $1,000,000 USD to spend on real estate in Los Cabos, where would you buy?

That's the question we asked our ELITE Real Estate Los Cabos agents. And there's no single right answer. A $1 million budget can look very different depending on whether you're looking in Cabo San Lucas, San José del Cabo, the Los Cabos Corridor, or one of the surrounding communities. You might prioritize ocean views, rental income, a resort lifestyle, privacy, golf, walkability, or simply getting the most home for your money.

What Can $1 Million Buy in Los Cabos?

The Los Cabos real estate market is incredibly diverse. In 2026, properties priced above $1 million represent a significant portion of the region's overall real estate dollar volume, reflecting the importance of the luxury segment in Los Cabos.

With that budget, buyers can consider everything from luxury and penthouse condos to properties in golf course communities, beachside developments and resort communities. You may also find beautiful homes with more land and space in areas along the Pacific side or the East Cape. In other words, $1 million can mean something very different depending on where you choose to buy, and that's part of what makes the Los Cabos real estate market so interesting.

So Where Would We Buy?

That's the fun part. Our ELITE agents each have their own answer, and their choices reflect the fact that buying real estate in Los Cabos isn't just about the price of the property. It's about how you want to live.

For one buyer, $1 million might mean a beautiful ocean-view condo with resort amenities. For another, it could mean a home with more space farther from the beach. Someone else might prioritize rental potential, while another buyer might want a property they can use as a second home for years to come. And that's exactly why we think there's no universal "best place" to buy in Los Cabos.

What Would You Buy With $1 Million?

Would you choose Cabo San Lucas, San José del Cabo, the Corridor, or somewhere a little farther out? Would you prioritize an ocean view, beachfront location, rental income, golf, privacy or more square footage?

Watch our video to see where the ELITE team would put their $1 million, and let us know where you would buy!

Thinking About Buying Real Estate in Los Cabos?

Whether you're looking for a $1 million condo, a luxury home, an investment property or a vacation home, understanding the differences between Los Cabos' communities is one of the most important parts of the buying process.

Our ELITE Real Estate Los Cabos team lives and works in the market and can help you compare neighborhoods, properties and lifestyles to find the right fit for your goals.

🏡 Explore Los Cabos real estate:
www.EliteRealEstateLosCabos.com

📞 +52 (624) 688-9619
📩 Info@ERELosCabos.com

 

 

Posted in Buying a Home
Aug. 28, 2026

If You Only Had One Beach Day in Los Cabos, Which Beach Would You Choose?

If you only had one beach day in Los Cabos, where would you go?

That might be a surprisingly difficult question. Baja California Sur is home to an incredible variety of beaches, from the lively shores of Médano Beach in Cabo San Lucas to quiet coves along the Tourist Corridor, beautiful beaches near San José del Cabo, and the stunning beaches around La Paz. And if you're willing to venture a little farther, Cerritos Beach and Balandra Beach near La Paz are two more Baja favorites that are worth knowing about.

But if you only have one day, you want to make it count. We asked our ELITE Real Estate Los Cabos agents the same question: If you could choose only one beach for a full day in Baja California Sur, which one would it be? And, of course, everyone had an opinion!

What Makes a Great Baja Beach?

The best beach depends on what you're looking for. Do you want calm water for swimming? Great snorkeling? A quiet place to relax? Easy access and amenities? Surfing? Or simply the most beautiful setting?

Some of the most popular beaches in and around Los Cabos include Chileno Beach, Santa Maria Beach, Palmilla Beach and Médano Beach. If you're willing to make the drive north, Cerritos Beach near Todos Santos and Balandra Beach near La Paz offer completely different Baja beach experiences.

Playa Chileno

Located along the Tourist Corridor between Cabo San Lucas and San José del Cabo, Chileno is a favorite for visitors who want a classic Cabo beach day. It's known for calm, clear water and is a popular spot for swimming and snorkeling.

Santa Maria Beach

Santa Maria is a beautiful horseshoe-shaped cove along the Tourist Corridor. Its protected location creates calm water that is ideal for swimming and snorkeling, making it one of the best choices if getting in the water is a priority.

Palmilla Beach

Near San José del Cabo, Palmilla is another excellent choice for a relaxing beach day. The protected cove provides calm, swimmable water and beautiful views, making it a longtime favorite among locals and visitors.

Médano Beach

If you want your beach day to include restaurants, beach clubs, water activities and plenty of energy, Médano Beach in Cabo San Lucas is hard to beat. It's one of the area's most popular beaches and is conveniently located near downtown Cabo and the marina.

Cerritos Beach

About an hour north of Cabo San Lucas, near the charming town of Todos Santos, Cerritos Beach offers a completely different experience from the resort beaches of Los Cabos. Cerritos is known for its sandy beach, Pacific Ocean waves and laid-back Baja atmosphere. It's particularly popular with surfers, but it's also a great place to spend the day if you want to get away from the busier resort areas. If your idea of the perfect beach day includes a little road trip, good food, surfing and a more relaxed Baja vibe, Cerritos is definitely worth considering.

Balandra Beach

And then there's Balandra Beach, just outside La Paz. Often recognized for its iconic turquoise water, white sand and distinctive El Hongo rock formation, Balandra is one of the most famous beaches in Baja California Sur. The calm, shallow water and dramatic landscape make it an incredible place to visit, although its protected status means there are specific visitor rules and access limitations. If you're staying in Los Cabos and have an extra day, a trip to La Paz and Balandra can make for an unforgettable Baja adventure.

So, Which Beach Would We Choose?

That's the fun part of the video! Our ELITE agents each have their own favorite, and their answers reflect just how different the Baja California Sur beach experience can be. Whether you're looking for a swimmable beach close to Cabo, a snorkeling spot along the Tourist Corridor, a laid-back surf beach in Cerritos, or the turquoise waters of Balandra near La Paz, there's a beach here for you.

Watch the video and see which beach our team would choose if they only had ONE beach day in Baja California Sur. And then tell us: If you could only pick one, which beach would it be?

Thinking About Living in Los Cabos?

One of the best parts of living in Los Cabos is having so many incredible beaches and Baja destinations within reach. From beachfront residences and luxury villas to homes in Cabo San Lucas, San José del Cabo and communities throughout the Los Cabos Corridor, our ELITE Real Estate team can help you find the right place to call home.

🏡 Explore Los Cabos real estate:
www.EliteRealEstateLosCabos.com

📞 +52 (624) 688-9619
📩 Info@ERELosCabos.com

 

 

 

July 31, 2026

Lumaria Cabo: Resort-Style Living in the Heart of El Tezal

If you're searching for a new condominium in Cabo San Lucas that offers exceptional amenities, thoughtful design, and outstanding value, Lumaria deserves a closer look.

Developed by Grupo Kaab, Lumaria combines quality construction, modern architecture, and an unbeatable location in El Tezal. Whether you're looking for a full-time residence, a vacation home, or an investment property with strong rental potential, this community offers the perfect balance of comfort, convenience, and lifestyle.

About the Community

Lumaria is the latest residential community from Grupo Kaab, a developer recognized for delivering high-quality projects throughout Jalisco and Los Cabos. Every aspect of the community has been carefully planned to create a neighborhood that is both beautiful and practical for everyday living.

Unlike many condominium developments, Lumaria was designed with homeowners, retirees, and investors in mind. Functional features like underground parking, private storage units, and conveniently located elevators make daily life easier while adding value for owners who plan to rent their property. Beautiful desert-inspired landscaping complements the surrounding El Tezal mountains, creating a peaceful setting that captures the natural beauty of Baja California Sur.

Resort-Style Amenities You'll Enjoy Every Day

Life at Lumaria feels like living at a private resort. Residents have access to an impressive collection of amenities designed for relaxation, wellness, and recreation, including:

  • Lap pool
  • Adult-only swimming pool
  • Jacuzzis
  • Pickleball court
  • Fully equipped fitness center
  • Spa
  • On-site restaurant
  • Dog park
  • Beautifully landscaped gardens and walking paths

Whether you're starting your morning with a workout, relaxing by the pool, or enjoying dinner just steps from your home, Lumaria offers an elevated lifestyle in one convenient community.

Spacious Residences Designed for Indoor-Outdoor Living

Lumaria offers thoughtfully designed one, two, and three-bedroom residences with open floor plans that embrace Cabo's year-round sunshine. Each residence features oversized terraces that expand the living space and create the perfect setting for entertaining or simply enjoying the surrounding mountain and desert views. Garden-level homes offer up to an additional 500 square feet of private outdoor garden space, providing even more room to relax, entertain, or enjoy the outdoors from the comfort of home.

Move-In Ready Condos Available

One of Lumaria's biggest advantages is its immediate availability. While some residences are currently under construction with estimated delivery over the next year, the majority of the inventory is completed and ready for delivery, allowing buyers to move in or begin generating rental income without lengthy construction delays.

A Rare Penthouse Opportunity

For buyers seeking something truly exceptional, only one two-bedroom penthouse remains available. This unique residence features a private rooftop terrace with more than 1,000 square feet of outdoor living space and breathtaking, unobstructed views of the Sea of Cortez. Whether you're entertaining friends, enjoying morning coffee, or watching Cabo's spectacular sunsets, this penthouse offers one of the most impressive outdoor living experiences available in the community.

Attractive Developer Financing

Lumaria also offers financing that makes ownership more accessible. Qualified buyers can purchase with 50% down, with the remaining balance financed directly by the developer over three years at a competitive annual interest rate. This financing option provides additional flexibility while allowing buyers to secure a brand-new residence in one of Cabo's fastest-growing neighborhoods.

Why Buyers Choose Lumaria

With its excellent location in El Tezal, quality construction, extensive amenities, and flexible financing options, Lumaria offers exceptional value for both homeowners and investors. Whether you're relocating to Cabo, purchasing a vacation home, or expanding your real estate portfolio, Lumaria is a community designed to support the lifestyle you've been dreaming of.

If you'd like to learn more about available floor plans, pricing, or schedule a private tour, contact Elite Real Estate Los Cabos. We'd be happy to help you find the residence that's right for you.

Learn more about Lumaria and view a selection of available condos here: LUMARIA CONDOS

Posted in Community News
July 31, 2026

Is a Fideicomiso a Land Lease? The Truth About Foreign Property Ownership in Mexico

If you've been researching real estate in Los Cabos, you've probably heard someone say that foreigners can't actually own property in Mexico. You may have also heard that buying through a Fideicomiso is just a long-term land lease.

Neither statement is true.

In fact, a Fideicomiso is one of the safest and most well-established legal structures available for foreign buyers. It has been successfully used for decades and is backed by Mexican law. Let's clear up one of the biggest myths about buying property in Mexico.

What Is a Fideicomiso?

A Fideicomiso is a Mexican bank trust that allows foreign individuals to purchase residential property within Mexico's Restricted Zone, which includes land located within 50 kilometers (about 31 miles) of the coastline and 100 kilometers (about 62 miles) of an international border.

Because Los Cabos is located on the coast, foreign buyers purchase property through a Fideicomiso. While the bank holds legal title to the property, it does so solely as a trustee. The buyer is the beneficiary of the trust and maintains virtually all of the rights associated with ownership.

A Fideicomiso Is Not a Land Lease

This is one of the most common misconceptions we hear. A land lease means someone else owns the property and you're simply renting the land for a period of time. A Fideicomiso is completely different.

When you purchase through a Fideicomiso:

  • You control the property.
  • You decide when to sell.
  • You can remodel or improve the home.
  • You can rent it as a vacation rental or long-term rental, subject to local regulations and HOA rules.
  • You can leave it to your heirs through beneficiary designations within the trust.

The bank does not make decisions about your property. It simply serves as the trustee, fulfilling a legal requirement established under Mexican law for foreign ownership in coastal areas.

How Long Does a Fideicomiso Last?

A Fideicomiso is established for 50 years and is fully renewable for additional 50-year terms. Renewal is a routine administrative process, and thousands of trusts have already been renewed throughout Mexico. This means buyers are not purchasing a temporary interest or lease. The trust can continue indefinitely through renewals.

Is It Safe?

Absolutely. The Fideicomiso system has been used successfully by foreign buyers for decades and is recognized throughout Mexico. Every transaction is completed before a Mexican Notary Public, who is responsible for ensuring the transaction complies with Mexican law. The trust is recorded in the Public Registry of Property, providing legal protection for the owner. Because of these safeguards, millions of dollars in foreign real estate investments are made through Fideicomisos every year.

Why Does Mexico Use a Fideicomiso?

The Restricted Zone rules were established in Mexico's Constitution to protect land near international borders and coastlines. Rather than prohibiting foreign ownership, Mexico created the Fideicomiso system, allowing international buyers to purchase and enjoy property while complying with constitutional requirements.

Today, it is the standard process for foreign buyers purchasing homes, condos, and land in destinations such as Los Cabos, Puerto Vallarta, Cancún, Riviera Maya, and many other coastal communities.

Frequently Asked Questions

Can I sell my property?

Yes. You have the right to sell your property at any time.

Can I rent my home?

Yes. Most owners rent their properties for vacation or long-term use, provided they comply with local regulations and community guidelines.

Can I remodel my property?

Yes. As the beneficiary of the trust, you have the right to improve, renovate, or expand your property, subject to local permits and HOA requirements where applicable.

Can I leave my property to my children?

Yes. One of the advantages of a Fideicomiso is that you can name substitute beneficiaries who can receive the property, helping simplify the transfer process.

Thinking About Buying Property in Los Cabos?

Buying real estate in Mexico is often much simpler than many people expect once you understand how the process works. At Elite Real Estate Los Cabos, we guide our clients through every step, from finding the right property to explaining the legal process, working with experienced attorneys and notaries, and ensuring a smooth closing.

If you're considering buying a home, condo, or investment property in Los Cabos, we'd be happy to answer your questions and help you understand exactly how a Fideicomiso works. Contact Elite Real Estate Los Cabos today and let us help you purchase with confidence.

 

 

Posted in Buying a Home
July 6, 2026

Mobula Ray Season in Los Cabos: Best Time to See Hundreds of Jumping Rays

Looking for unforgettable things to do in Los Cabos? One of the most incredible experiences in Baja California Sur isn't found on land, it's out on the Sea of Cortez. Every spring and early summer, hundreds of mobula rays leap from the water in a breathtaking display that has to be seen to be believed. If you're lucky enough to be on a boat at the right time, you'll witness one of the region's most spectacular wildlife encounters.

One of our favorite ways to spend time together as the ELITE Real Estate team is getting out on the water. Whether we're cruising around Medano Bay, passing Land's End (El Arco), exploring the Pacific coastline, or anchoring in the crystal-clear waters of Santa Maria and Chileno Bay, every trip offers something different.

This time, we hit the jackpot! Within minutes of leaving the marina, we found ourselves surrounded by hundreds of mobula rays launching themselves several feet into the air in every direction. For nearly an hour, we watched these graceful creatures soar above the water, splash back into the sea, and repeat the performance over and over again. It was one of those unforgettable moments that reminds us why we love living in Los Cabos.

What Are Mobula Rays?

Mobula rays are often mistaken for manta rays, but they're actually a smaller species known for their spectacular aerial acrobatics. They can leap several feet above the water, sometimes performing flips before splashing back into the Sea of Cortez.

Scientists are still studying exactly why mobula rays jump. Some believe it's a way to communicate with one another, remove parasites, attract mates, or simply travel more efficiently. Whatever the reason, seeing hundreds of them jumping at once is one of the most unique wildlife experiences in Baja California Sur.

When Is Mobula Ray Season in Los Cabos?

The best time to see mobula rays in Los Cabos is typically from May through July, when warmer ocean temperatures bring large schools closer to shore. During mobula ray season, it's common for boat captains to encounter groups ranging from dozens to hundreds of rays around Medano Bay and other areas along the Sea of Cortez or Pacific.

No two days are ever the same. Some outings may include just a few sightings, while others turn into an unforgettable show with rays jumping in every direction.

Why Boat Trips in Los Cabos Are So Special

One of the reasons people fall in love with Los Cabos is the incredible access to nature. A simple afternoon boat trip can include sightings of sea lions, dolphins, sea turtles, colorful tropical fish, and, depending on the season, humpback whales or massive schools of mobula rays.

Whether you're taking a sunset cruise, snorkeling at Chileno or Santa Maria, or enjoying a private day on the water, every trip offers the chance to experience the beauty of the Sea of Cortez from a completely different perspective.

Why We Love Living in Los Cabos

Experiences like this are a reminder that life in Los Cabos is about so much more than beautiful homes and stunning beaches. It's about the lifestyle. One afternoon you can finish work, step aboard a boat, and within minutes find yourself surrounded by incredible marine wildlife that people travel from around the world to see.

It's one of the many reasons we're proud to call Baja California Sur home.

Have You Seen the Mobula Rays?

Have you ever witnessed hundreds of mobula rays jumping across the Sea of Cortez? We'd love to hear about your experience. Leave a comment below and tell us where you spotted them or share your favorite boat trip in Los Cabos.

Whether you're planning a vacation or considering making Baja California Sur your permanent home, exploring the coastline by boat is one of the very best things to do in Los Cabos. And if you're ready to experience this lifestyle year-round, our ELITE Real Estate team is here to help you find the perfect home in paradise!

 

 

July 6, 2026

Where to Go on a Free Day in Baja California Sur | Best Los Cabos Road Trips

One of the best parts about living in or visiting Los Cabos is that adventure is never far away. With just one free day, you can experience a completely different side of Baja California Sur, from quiet artsy neighborhoods and magic towns to surf beaches and vibrant cities.

We recently asked our ELITE Real Estate agents a simple question: "If you had one free day in Baja, where would you take a mini road trip?"

Not surprisingly, everyone had a different answer. Some chose the beauty of the East Cape, where miles of untouched coastline, snorkeling, and beachside restaurants make for the perfect escape. Others headed north to La Fortuna, a peaceful community known for its authentic Baja charm and slower pace of life.

Several agents couldn't resist the Pacific Coast, making stops in Pescadero and Cerritos to enjoy fresh farm-to-table cuisine, local shops, and one of Baja's most famous surfing beaches. Others preferred the historic mining town of El Triunfo, where restored buildings, local museums, cafés, and a rich cultural history offer a completely different Baja experience.

For those looking for a little more city life, La Paz was the clear choice. The beautiful malecón, incredible seafood, crystal-clear beaches, and laid-back atmosphere make it one of Baja California Sur's favorite day-trip destinations.

The best part? Every one of these destinations is close enough to enjoy in a single day before returning home to Los Cabos!

Why We Love Baja Road Trips

Living in Los Cabos means you're never far from your next adventure. Within just a few hours, you can explore:

  • The pristine beaches of the East Cape
  • The quiet charm of La Fortuna
  • The surf, restaurants, and farms of Pescadero and Cerritos
  • The history and culture of El Triunfo
  • The waterfront beauty and beaches of La Paz

Each destination offers something completely unique, making it easy to discover a new favorite every time you hit the road.

Where Would You Go?

If you woke up with a free day and a full tank of gas, where would you spend it? Would you chase empty beaches along the East Cape? Enjoy lunch in Pescadero? Catch a sunset in Cerritos? Wander the historic streets of El Triunfo? Or spend the day exploring La Paz?

We'd love to hear your favorite Baja road trip destination. Leave a comment below and tell us where you'd go.

If you're thinking about making Baja California Sur your full-time home or finding the perfect vacation property, our ELITE Real Estate team would be happy to help you discover the communities that make this incredible region so special.

 

 

June 16, 2026

Los Cabos Real Estate Under $500,000 USD: What Would You Buy?

If you had $500,000 USD to spend in the Los Cabos real estate market, where would you buy?

With this budget, buyers can find incredible opportunities throughout Los Cabos, from ocean-view condos to investment properties and family homes. Whether you're searching for a vacation retreat, a rental property, or your forever home, there are plenty of homes for sale in Los Cabos that deliver exceptional value.

We recently asked our ELITE Real Estate agents a simple question: "If you had $500,000 USD to spend on real estate in Los Cabos, what would you buy?"

The answers were as diverse as the communities that make Los Cabos one of Mexico's most desirable destinations. Some agents chose condos close to the beach, restaurants, and nightlife. Others preferred homes in gated communities offering privacy, security, and stunning ocean views. A few focused on investment property opportunities with strong rental income potential, while others selected neighborhoods they would personally love to call a family home. One thing everyone agreed on: $500,000 USD can go a long way in today's Los Cabos property market. From Cabo San Lucas to San José del Cabo, buyers can still find excellent opportunities in some of the area's most sought-after communities. Whether you're interested in a condo near the marina, vacation getaway, or a home with panoramic Sea of Cortez views, there are many Los Cabos homes for sale that fit this budget.

Why Buyers Love Los Cabos Real Estate

The Los Cabos real estate market continues to attract buyers from the United States, Canada, and around the world because of its:

  • Year-round sunshine
  • Beautiful beaches and ocean views
  • Strong vacation rental demand
  • Modern developments and amenities
  • Excellent investment potential
  • Relaxed lifestyle and world-class dining

For many buyers, owning property in Los Cabos means enjoying a luxury lifestyle at a fraction of the cost of comparable coastal markets in the United States.

What Would You Buy?

Would you choose an ocean view condo? A full time home? A rental investment property? Or would you look for a hidden gem in one of Cabo's growing communities outside the big cities? We want to hear from you! If you had $500,000 USD to spend on Los Cabos real estate, where would you buy? Leave a comment below and tell us your favorite neighborhood, community, or development in Cabo.

Search Homes for Sale in Los Cabos Under $500,000 USD HERE

Ready to explore your options? Our team specializes in helping buyers find the best homes, condos, and investment properties throughout Los Cabos.

 

 

 

Posted in Buying a Home
Jan. 5, 2024

It's Property Tax Time in Los Cabos!

IT'S TIME TO PAY YOUR PROPERTY TAXES IN LOS CABOS!

January is the beginning of the 2024 Property Tax season in Los Cabos. If you're still on the lookout for a home, it's worth noting that Los Cabos Property Taxes are significantly lower than what most individuals pay in the U.S. and Canada—a definite perk of owning a home in this paradise!

For those who already own property in Cabo, bear in mind that Property Tax and Fideicomiso trust statements won't be sent via mail or electronically. We recommend setting a yearly calendar reminder for these dates to ensure you don't overlook these important obligations. While your Fideicomiso is paid yearly based on the month of your closing, Property taxes are always paid in January. Homeowners who settle their payments in January enjoy a generous 20% discount, 15% if paid in February, 10% in March, and 5% in April. All payments must be made by the end of May.

You can conveniently make your tax payments online at www.tesoreria.loscabos.gob.mx or in person in Cabo or San Jose from 8am to 3pm. Remember to bring along a copy of your deed or document containing your CLAVE CATASTRAL number. You may also check the status of your account via WhatsApp (624) 315-1516.

For in-person visits or additional assistance, the offices are located as follows:

CABO OFFICE: Blvd. Paseo de la Marina (Downtown next to the Cultural Pavilion) Phone: +52 (624) 142-4020 or +52 (624) 142-3022

SAN JOSE OFFICE: Blvd. Mijares, Colonia Centro (Downtown next to the Fire Department) Phone: +52 (624) 146-7600 ext. 1029

Should you require assistance in English, feel free to reach out via email to tesorerialoscabos@hotmail.com or contact@tesoreria.loscabos.gob.mx. Don't let the deadline pass unnoticed—take the necessary steps to fulfill your property tax obligations promptly!

 

Aug. 25, 2023

The Ultimate Guide to Buying Property in Los Cabos

The Ultimate Guide to Buying Property in Los Cabos

by Justine Schock, Elite Real Estate Los Cabos, Partner

Los Cabos is a beautiful area located at the southern tip of the Baja California Peninsula. It is known for its stunning beaches, world-class resorts, easy flights from the USA and Canada, and a luxurious lifestyle. If you are considering buying property in Los Cabos, there are many things you need to know. In this ultimate guide, I'll cover everything you need to know to make an informed decision.

Know the Market

The first thing you need to do is research the real estate market in Los Cabos. This will give you an idea of what properties are available, their prices, and the different areas where you can buy. You can browse online listings, tour with your ELITE Real Estate Advisor, and attend open houses to learn more about the area. I always advise my clients to rent a car for a few days and throughly explore the area to see what feels like the best fit for the lifestyle you are trying to achieve.

Choose the Right Location

Los Cabos municipality is divided into two main cities: Cabo San Lucas and San Jose del Cabo. Cabo San Lucas is known for its vibrant nightlife and tourist attractions, while San Jose del Cabo offers a more relaxed and artistic Mexico experience. If you prefer to be off the beaten path, locations like Pescadero, Cerritos or Todos Santos on the Pacific coast or small communities along the East Cape may be right for you. Choose the location that suits your lifestyle and needs.

Determine your Budget

Once you have an idea of the market and the location, you need to determine your budget. Consider the cost of the property plus closing costs of approximately 4-6% of the purchase price. You’ll also want to factor in yearly property taxes and trust fees, utilities, monthly HOA dues, and the cost of routine maintenance and Property Management. Be realistic about your budget and make sure you can afford the property without stretching your finances too thin. While some local financing options are available, most foreigners find it more beneficial to secure financing in their home country and pay cash for their property purchase.

Get a Professional Inspection

Before buying any property, it's important to get a professional inspection. This will help identify any issues or repairs that need to be addressed before you close the deal. You don't want to be surprised by unexpected repairs or issues after you've bought the property. ELITE works with a number of reputable local inspectors who can provide a comprehensive report in English before you proceed with buying a home.

Work with a Reputable Agent

Buying property in a foreign country can be complicated and confusing, so it's important to work with a reputable and knowledgeable agent. Look for someone with experience in the local real estate market, great past client testimontials, and an agent who has puchased in Los Cabos themselves is always a bonus! They can help you find the right property, negotiate the best deal, and ensure that all legal requirements are met. Lastly, always make sure the agent you choose has an active real estate licence in the State of Baja California Sur and is a member of MLS BCS.

Understand the Legal Requirements

Buying property as a foreigner requires certain legal requirements, including obtaining a Mexican Trust (Fideicomiso) or forming a Mexican corporation. Make sure you understand these requirements and work with a qualified attorney to ensure everything is done correctly. ELITE works closely with many Closing Attorneys in the area and can recommend a couple who may work best for your particular deal.

Enjoy your New Property

Finally, once you've closed the deal and the property is officially yours, it's time to enjoy it! Los Cabos offers a variety of activities and attractions, from relaxing on the beach to exploring the local culture and cuisine. Enjoy your new property and all that Los Cabos has to offer.

BONUS TIP

For those looking to cover the costs of owning or make some extra money from their investment, ELITE Vacations Los Cabos can help! With full service Vacation Rental Management, Property Management and Concierge Services, we are happy to answer any questions you may have about renting your new home.

In conclusion, buying property in Los Cabos can be a smart investment for those seeking a luxurious and laid-back lifestyle. Just make sure you do your research, work with reputable professionals, and understand the legal requirements. With the right guidance and preparation, you can find the perfect property and start enjoying all that Los Cabos has to offer!

If you are ready to purchase Real Estate in Los Cabos, or wish to know more about buying property in Mexico, please email us at Info@ERELosCabos.com or visit us at www.EliteRealEstateLosCabos.com.

Posted in Buying a Home
Aug. 25, 2023

Top 10 Reasons Why You Should Move to Los Cabos

by Edgar Cervantes, Elite Real Estate Los Cabos, Real Estate Advisor

Clients looking to buy property in Mexico often wonder if they are choosing the right location. With so many vibrant cities in Mexico, what sets Los Cabos apart from the rest? Los Cabos, a municipality in the state of Baja California Sur, can be an appealing destination for several reasons:

1. *Beautiful Beaches:* The region boasts stunning beaches along the Sea of Cortez and the Pacific Ocean, offering opportunities for relaxation, water sports, and scenic views.

2. *Climate:* Baja California Sur enjoys a pleasant climate with warm temperatures and minimal rainfall, making it attractive for those who prefer a mild and sunny environment.

3. *Outdoor Activities:* The area offers diverse outdoor activities like snorkeling, diving, fishing, hiking, and more due to its rich natural landscapes.

4. *Natural Beauty:* From the iconic Arch of Cabo San Lucas to the picturesque "Pueblo Magico" town of Todos Santos, Baja California Sur is known for its unique and breathtaking scenery.

5. *Cultural Diversity:* The region has a blend of Mexican and international cultures, offering a unique cultural experience and a diverse community.

6. *Cost of Living:* While it varies, the cost of living can be lower compared to some other tourist-heavy destinations, making it attractive for retirees or expatriates.

7. *Healthcare Services:* The availability of quality healthcare services has been improving, with various modern medical facilities catering to both locals and expats.

8. *Tourism and Economy:* The tourism industry contributes significantly to the local economy, potentially offering business and job opportunities.

9. *Relaxed Lifestyle:* Baja California Sur is known for its laid-back and relaxed lifestyle, which can be appealing for those seeking a slower pace of life.

10. *Sense of Community:* Many clients worry if they will make friends when moving to a foreign destination. The Los Cabos expat community is extremely welcoming, and with an abundance of yearly events, favorite local hangouts, and networking functions in the area, you are sure to meet your new tribe in no time.

It's important to thoroughly research factors such as housing costs, local regulations, cultural differences, healthcare infrastructure, and overall quality of life to determine if this move aligns with your personal preferences and goals. But for most expats I know, moving to Los Cabos was the best choice they every made!

If you are ready to purchase Real Estate in Los Cabos, or wish to know more about buying property in Mexico, please email us at Info@ERELosCabos.com or visit us at www.EliteRealEstateLosCabos.com.