FAQ
Why should I invest in real estate in Cabo San Lucas?
Cabo San Lucas is a top-tier destination for both lifestyle and investment, offering beautiful beaches, a strong rental market, and increasing property values.
Can foreigners legally buy property in Mexico?
Yes, foreigners can purchase property in Mexico, including in Cabo San Lucas. Within the restricted zone (like coastal areas), it’s done through a secure bank trust (Fideicomiso) or a Mexican corporation.
What is a Fideicomiso, and how does it work?
A Fideicomiso is a bank trust that allows non-Mexican citizens to acquire residential property in restricted zones. The buyer is the beneficiary with full rights to sell, lease, or pass the property to heirs.
Do I need to be a resident of Mexico to buy property?
No, you do not need to be a Mexican resident. Many buyers are foreign investors or vacation homeowners.
What are the closing costs when buying an apartment in Cabo?
Closing costs typically range from *5% to 8%* of the purchase price and include taxes, notary fees, bank trust setup, and legal fees.
Can I finance a property purchase in Cabo San Lucas?
Financing options are limited for foreigners, but some developers and private lenders offer financing. Many buyers choose to pay in cash.
Is buying pre-construction a good option in Cabo?
Yes, pre-construction properties can offer lower prices, payment plans, and strong investment potential—though it's important to work with reputable developers.
Can I rent out my apartment when I'm not using it?
Absolutely. Cabo San Lucas has a strong vacation rental market. We can also assist with property management and marketing services.
What kind of return on investment (ROI) can I expect?
ROI depends on location, size, and amenities, but vacation rentals in Cabo often generate *6%–10% annual ROI*, sometimes more in high-demand areas.
Are there annual property taxes in Mexico?
Yes, but they are relatively low compared to the U.S. or Canada—usually under *0.1% of the assessed property value* annually.
Is title insurance available and recommended?
Yes, title insurance is available and highly recommended to protect your investment and ensure clear ownership.
How long does the buying process take?
Typically, the process takes between *30 to 60 days*, depending on the property type and paperwork required.
Can Cabo Prime Realty help with legal and closing services?
Yes, we provide end-to-end assistance, including working with trusted notaries, lawyers, and title companies to ensure a smooth and secure transaction.
What documents do I need to buy property in Mexico?
You’ll need a valid passport, proof of funds, a Mexican tax ID (we can help you obtain one), and bank trust documentation if applicable.
Why choose Cabo Prime Realty for my property purchase?
We specialize in the Cabo San Lucas market with local expertise, personalized service, and a commitment to helping you find your ideal investment or dream home.