Cabo Real Estate Agents

Why You Need a Local Real Estate Agent

Buying property in a country where processes are handled differently and in another language requires preparation and understanding of laws, which otherwise could affect your property and your state of mind. A local professional will help you navigate this unique market and translate documents. Seek someone who is situated in Cabo or is from there as they are more knowledgeable about the area, the communities, developments, and how things are done locally. They will be able to advise you on any drawbacks and help you avoid some of the most common traps and pitfalls when purchasing property in Mexico.

A local industry expert will guide you around Cabo and help you avoid accidentally purchasing ejido land – communal land used for agriculture that can be confiscated if sold for ownership. They will also advise you on processes involved in fideicomiso, a bank trust that lets you invest in property within the restricted zones -– the area within 100 km (62 miles) of the Mexican border or 50 km (31 miles) from the coast , and warn you of any planned developments that may potentially obstruct your view. Take full advantage of their expertise especially if you are not based in Cabo. And if you plan on flying in and out of the country, your real estate agent can inspect properties on your behalf or give you remote video tours.

What You Should Look for in a Real Estate Agent

In Mexico, real estate agents are not regulated by the government. So, anyone could claim the title without having done the necessary training. To help you ask the right questions, here is a checklist to follow when interviewing your real estate agents.

Things to look for in a real estate agent:

• Should be a member of AMPI (National Association of Mexican Real Estate Professionals) which conducts a criminal check and enforces its members to adhere to a code of ethics
• Make sure your agent is licensed and has a full understanding of industry standards, requirements, and best practices
• Bilingual
• Full-time real estate agent (part-time agents may not offer the same commitment and availability, like inspecting properties on weekends)
• Number of years working in Cabo
• Types of properties sold in the past
• Availability of references
• Professional portfolio
• Responsiveness

Ask as many questions as necessary and do not hesitate to ask for any of the above. A professional will be transparent with their credentials and usually have an online presence, so start to narrow down your search by googling portfolios and reviews before meeting them face-to-face or online.

Hopefully, you will come up with a handful of credible candidates because in Mexico there are no multiple listing services and each independent agent will have a limited number of properties to show, so you may have to expand your search. Make sure your agent is not swaying your interest to a particular condominium they probably represent. The right agent will assess what you are looking for in a home or from your investment. They will walk you through the current market conditions and trends and find homes that suit your needs.

Do your own research so you can confidently ask the right questions and be able to evaluate the credibility of your agent’s responses. Note that any advice and services provided by the real estate agent should be free of charge, as, in Mexico, they get paid by the seller, earning a commission when you close on your property.

Where to Find a Real Estate Agent in Cabo

Recommendations through Your Network
It is essential to find the right real estate agent for you and view them as your adviser and counselor with whom you have a trusted relationship, so start by looking among sources you can trust the most. Ask your family and friends if they have experience buying property in Cabo and expand your search to colleagues if necessary.

Tips from Expat Communities in Cabo

Expat communities on Facebook or the internet hold a wealth of information and experience. Turn to their groups, online magazines, and blogs for advice and reviews. Surveying a few members or scouring the forums will help you create a list of viable candidates to interview.

Expert Assistance from a Real Estate Agency

When working with a well-established real estate agency, you get to skip all of the steps involved in searching for an independent agent, taking much of the hassle off your hands. An agency will have a professional online presence and provide full transparency on its operations and realtors. And you get access to their extensive pre-vetted agent pool and property portfolio. Not only will you get matched with a real estate agent, but you will also get help from a trustworthy attorney to verify the credibility of developments and contracts.

So, if you prefer to concentrate on finding your dream property, our Far Homes bilingual professionals are here to walk you through the buying process, answer your questions and get information on properties you love. We will match you with a vetted local agent with no obligation or commitment!