BUYER'S GUIDE TO CABO REAL ESTATE
Where to start?
Home Buyers Guide to the Los Cabos / Cabo San Lucas Real Estate Market.
This Home Buyers Guide was put together to help buyers in Los Cabos and Cabo San Lucas area yet it still can be used as a reference regardless where you live. Buying a home should be fun, not stressful. As you look for your dream home, keep in mind these tips in our Homes Buyers Guide for making the process as peaceful as possible. Finding a house takes time but finding the right home for you can sometimes take more time. So get prepared by making a list of items and things that are important to you to have in your home. List the musts and list the wants and be prepared.
1. Find a real estate agent who you connect with. Buying a Home is not only a big financial commitment but also an emotional one. It’s critical that the Agent you choose is both highly skilled and a good fit with your personality. We have a collection of the top Los Cabos Agent’s here at Own In Cabo Real Estate, who would love to discuss helping you purchase a home. See our testimonials…
Now is the Right Time to Buy
2. Remember, there’s no “right” time to buy, just as there’s no perfect time to sell. If you find a home now, don’t try to second-guess it by waiting longer — you risk losing out on the home of your dreams. The Cabo housing market usually doesn’t change fast enough to make that much difference in price, and a good home may not stay on the market long. I bet you wish you would have bought 5, 10 or 20 years ago. But don’t say remember when i could have bought for that price, When you can pay today’s price as your bargain of the future is TODAY!
3. Don’t ask for too many opinions. It’s natural to want reassurance for such a big financial decision, but more often than not too many ideas from too many people will make it much harder for you to make a decision. Focus on the immediate and future wants and needs of your family — the people who will be living in and enjoying the home.
4. Accept that no house is ever perfect. If it’s in the right location, the yard may be a bit smaller than you had hoped for, the view partially obstructed, or 5 minutes further than you would like from the beach. The kitchen may be perfect, but the guest bedroom is a little small. Make a list of your top priorities and focus in on things that are most important to you. Let the minor ones go.
The Negotiating Process
5. Don’t try to be a killer negotiator. Negotiation is definitely a consideration and part of the real estate process, but trying to “win” by getting an extra-low price or by refusing to budge on your offer may end up costing you the home you love. Every Negotiation involves a little of giving and take.
6. Remember your home doesn’t exist in a vacuum. Don’t get so caught up in the physical aspects of the house itself — room size, kitchen, etc. — that you forget about important issues as noise level, location to amenities, and other aspects that also have a big impact on your quality of life.
7. Plan ahead. Don’t wait until you’ve found a home and made an offer to get your finances together, most homes in Los Cabos don’t have financing.. Presenting an offer that is contingent on a lot of unresolved issues will make your offer much less attractive to sellers.
8. Factor in higher closing costs but the fact that you will have lower property taxes and lower maintenance costs. Even if you buy a new home, there will be costs.
9. Buying a vacation home or primary residence in a foreign country, especially for the first time, is a big emotional and financial commitment. But it also yields huge benefits. Don’t lose sight of why you wanted to buy a home and what made you fall in love with Cabo and the property you purchased.
10. Choose a home first because you love it; then think about appreciation. While U.S. homes have appreciated an average of 5.4 percent annually over from 1998 to 2002, a home’s most important role is to serve as a comfortable, safe place to live.
* This home buyers guide is for reference use only as an example, it is not intended to be used as a rule of thumb or legal advice just to help guide and help the potential buyer with the purchasing process.