It’s a new year. January in Mexico is more than just amazing weather and whale watching. For homeowners, it is time to pay property taxes and receive a twenty percent discount. Mexican property taxes are known as ‘Impuesto Predial’; like most other counties and municipalities, these taxes are used to operate local governments. Property taxes[...]
By Janet Jensen – resources Jonathan A. Pikoff, Esq. Yes, a foreigner may purchase in Mexico. The regulations on the sale of real property to foreigners are found in the Mexican Foreign Investment Law. A foreigner can acquire land almost anywhere in Mexico with the permission of the Foreign Affairs Ministry. The exception in the[...]
THE AGENCY CONGRATULATES 2021 at The Agency was nothing short of extraordinary. The brokerage achieved its most successful year yet, hitting over $11 billion in sales volume over the course of the year, up 69% from 2020. The average sales price across the company was a lofty $1.92 million, and each agent closed $12.8 million[...]
2021 was the hottest year in the history of the Real Estate market of Los Cabos. For the first time, it was a seller’s market, with the number of single-family home transactions rising 126% and a median price gain of 49% year over year. Condo transactions soared 192% with a median price gain of 19%.[...]
A SPEC home is a house built with the intention of selling it for a profit, either as-is or with very minimal changes. The builder completes the construction “speculating” that someone will buy it once it is complete. In essence, a SPEC home is a move-in-ready home that a developer builds for an unspecified buyer,[...]
