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Listings by Agent:
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Faldas de la Alcazaba Condominium Resort in Los Cabos, Mexico |
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 All condos in this unique “Village” community are now available !!
Stroll along the Bugambillas addorned cobblestone paths and you step back into a simpler more idealic time. Meet you friends and neighbors at the huge Oasis swimming pool, for a cool refreshing dip, or just gather in the 3000 sq ft Village Center Recreation area for snacks, conversation, cards, and Billiards,......or get in your brisk workout in the State of the Art, workout facility. Find out more about Faldas de la Alcazaba, or visit the website here: www.alcazaba-loscabos.com
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RE/MAX Los Cabos is pleased to announce the opening of our new office at Plaza El Faro adjacent to Palmilla. Please stop by and visit us at our new facility! New address and contact info is here.
RE/MAX Los Cabos, Km 26, Plaza El Faro #A101, San Jose del Cabo, Baja California Sur, Mexico
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 | RE/MAX Los Cabos is honored to have been named the Exclusive Agents for a new Phase of Peninsula Condominiums !
Click for details... Available Units:
Villa IV: 101 (model) Villa II: 101,102, 201, 202, 301, & 302 |
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Home  Real Estate Articles The Real Estate Buying Process
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The Real Estate Buying Process |
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The process of buying real estate in Mexico is similar to that in the United States and Canada.
A Notario is a lawyer whose position is similar to that of an American or Canadian judge, and NOT that of a notary public. A Notario in Mexico has legal training followed by difficult examinations and several years of apprenticeship. Some compare it to the bar and the CPA exams all in one. There are a small number of them in each State and that States’ Governor must appoint them.
| US & Canada | Mexico | | Purchase Contract Details of offer, including financing options, along with earnest money | Promise of Bank Trust Details of offer along with down payment | | Contract & earnest money held by Escrow (a neutral 3rd party) | Down payment made to Attorney, Remax trust account or escrow company | | Escrow instructions | Documents handled by Notario a specially trained & licensed attorney ( a neutral party representing the state) | | Deed of Trust (for financing) or Fee Simple Title | Bank Trust (for all foreigners) or Fee Simple Title (for Mexicans) | Their responsibilities include the practice of real estate law, accessing and auditing taxes. Notarios close real estate transactions similar to escrow officers’ duties in the U.S. & Canada, but with expanded powers. Due to the fact that the Notario is a neutral party, buyers are recommended to hire their own lawyers if they need representation. As an investor in Mexico it is good to know that procedures are constantly changing for the better. At this time, the U.S. based companies Stewart Title and Lawyers Title are offering title insurance in Mexico. This provides added security for foreigners. As the two countries become more similar in their real estate practices and procedures, buying real estate in Mexico will become even easier for American & Canadian citizens. CLOSING COSTS Closing Costs run about 4-6% of the sales price. At the time you purchase any property in Mexico, you are required to pay a 2% Acquisition Tax; however this 2% is figured in the 4-6% closing costs fees. |
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Newest Listings:
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