Real estate remains to be one of the most influential investments in many parts of the world. One such part is Los Cabos, where you can always find a property to suit your needs. Owning properties in this part of Mexico is a dream for many people looking to invest in destination living in a pleasant climate. There is also a big market for luxury real estate in the area. However, if you are not well prepared, making this dream come true can be difficult.
The wisest thing to do is to hire the services of an expert in the real industry to protect your interests and assist you with the process of buying in this popular luxury tourist destination. Below are ten questions we suggest you ask your real estate agent when buying a property in Los Cabos, Mexico, to ensure you are educated in settling for the right choice and make your buying process smooth.
1. How long have you served in the real estate industry?
An agent who has been in the business for long may be more knowledgeable about how things are run and have more odds of finding your dream home. To ascertain the quality of their services, you may even inquire if the agent has gotten any awards for their performance.
However, being in business for long doesn’t guarantee a quality service. You should therefore not despise the services of a newbie. The essential thing is ensuring they are licensed to operate.
2. Where is the property located?
Los Cabos is a big municipality located in the Baja California Sur peninsula. It includes Los Barrriles, Cabo Pulmo, East Cape, Cabo San Lucas, San Jose del Cabo, among other areas. Each of these towns is unique regarding the environment and the facilities they offer.
For instance, if you want your property in a town with a busy nightlife, varied beach activities, tours, shopping, and cruises, then Cabo San Lucas is the place to buy. San Jose del Cabo, on the other hand, is a more peaceful town with great restaurants, more tranquil beaches, and a fantastic art district. Therefore we suggest you ask where exactly the property is located to get the right fit for your needs.
3. Can we submit a lower offer than the price listed?
Sometimes the prices in real estate are negotiable. If you think the property you are about to buy can be offered at a lower price, do not hesitate to ask the agent whether the listed price is definitive.
4. Are there any health or safety issues I should be aware of?
Before buying a property in Los Cabos, consult with your real estate agent about any health or safety concern you may have, such as the quality of indoor air, lead paint, mold, mosquitoes, etc. Being informed about all these issues can help you counter them.
5. Can you give me some references?
When buying a property in Los Cabos, you can always ask your realtor whether they can give you any references to previous customers. If any, make an effort to reach them and inquire about their experience with the agent.
6. Can you show me similar properties in the area?
The more options the realtor has, the better for you. You want to get real value out of your investment and not just go for any property you find in the market. Therefore, to find your dream home, go house hunting with your agent and evaluate all your options.
7. Are there any zoning laws?
Knowing the zoning laws and any planned project or development in the location of your desired property will enable you to make an informed projection of possible future changes in the neighborhood.
8. Are you aware of any disadvantages the property may have?
No matter how perfect a place may seem, your agent knows best. A property inside a development may have HOA issues, noisy roads nearby at night, or any other situation you may not notice in a regular day tour.
9. Do you offer any guarantee for your services?
If after making an offer things do not work out the way you wanted, your agent should be able to cancel the agreement. A good agent should offer you the flexibility to change a deal without any hassles.
10. How long has the property been on the market?
When a property is listed for too long in the market, doubt arises. It is not necessarily a bad thing, but you can always calm yourself by clearing any doubts with your real estate agent. Find out if the property is too expensive, or if there may be something wrong with it.
Buying a property in Los Cabos with the help of a real estate agent from Windermere is definitely a safe investment. The real estate industry may be too difficult to handle alone. Windermere, where dreams become a reality, is currently providing over 100 years of Real Estate experience in the Los Cabos area. Regardless of the type of luxury property you are looking for, may it be for destination living, leasing or any other purposes, we have got you covered.