Looking to escape to the relaxed and tranquil life-style of Baja? Hoping to find yourself a beautiful oceanfront condo or home? There’s a lot you need to know about both the Baja area and the Baja real estate market if you’re going to make your transaction a success.
On the following pages, you will find a wealth of information to help you make your big Baja investment. Whether this is your first time jumping in and you need a basic introduction to the Baja real estate market, or whether you are a seasoned Baja buyer, we have topics that are sure to interest you and help you with your new home purchase. Maybe you are even on the other side of the scene now, trying to sell your Baja home. Whatever your situation, we can help.
For first-time Baja real estate buyers, there are many important things that you need to learn before making your important decision. First of all, where do you start? The internet has a wealth of information, but what should you be looking for? On your search, you will have to weed through the various types of land that are available in Baja and study all the details associated with getting title and deed to your property. You will also have to learn about the different types of oceanfront property you will encounter in the property descriptions you read. And if you are thinking about purchasing a new construction, there is a whole other world of questions that need to be answered. For all of these reasons, we recommend that you find a good Baja real estate agent to help you through the process of purchasing your first home in Baja.
Once you have found your dream home, the real work begins. You will need a closing coordinator and a team of 12 other experienced professionals to help you close the deal. We recommend you use an escrow account, even though this is not always done in Baja. If you are not a Mexican national, you will need to get a fideicomiso, or bank trust to enable you to purchase your home. There are also a wealth of tax considerations that you need to be aware of before signing your final contract.
If you are looking to invest in Baja, there are many more considerations to take into account. Whether you hope to purchase investment properties or just have a great weekend getaway for yourself and your family, there are specific tax strategies that you can apply to make your investment less costly and more rewarding. Learn how to use your IRA to finance your home, and why you should not use a Mexican corporation to help you with your purchase.
If you are starting at square one, check out our “Basics” articles to start building your knowledge of Baja real estate. If you already have a good understanding of the basics, start with our Intermediate level articles. Those who are more seasoned in the Baja real estate market and looking to enhance their buying power should jump right into our Advanced level articles. If you already own a home in Baja and are thinking about selling your property, check out the Sellers articles where you will find a wealth of information to help you get the most out of your home. You can also check out our FAQs page to answer a wide variety of basic questions.
If you can’t find the information you are looking for, contact us with your particular question or the topic you would like us to address, and we will be happy to answer your questions or even add your topic to our repertoire of Baja real estate articles.