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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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 HOTEL Development For Sale !!
Faldas de Alcazaba is a fabulous hotel development done inside the master plan of Fonatur in San Jose ideally located close to everything, consists of 119 spacious luxury condominiums completely equipped in 12 buildings plus a fully approved license for building 20 more units. A new concept in Resort Living The “Village” is a unique and exclusive residential community featuring spacious 1, 2 and 3 BR Units in an “OLD WORLD” high ceilings, cobble stone throughout, 6 commercial locals, restaurant, palapas, swim up bar, recreation area, fitness center, gardens, fountains and a monumental oasis pool giving you a setting with exceptional Views! Tranquil, beautiful, and full of charm.
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RE/MAX Los Cabos has moved to a new facility! New address and contact info is here.
RE/MAX Los Cabos, Km 29, Costa Azul, 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 Villa III: pre-construction 18 units available 6 penthouses with ocean view! |
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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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