The Space for Expatriates
Living in Los Cabos: You Never Tire Of This
I remember a few years back hearing an agent, while showing a house with no view, telling the prospect that ocean views are highly over-rated. “In fact, after a few months, you don’t even notice them any more,” is the gist of his comment, “So they really aren’t worth the extra expense.” Bull Hockey. Obviously. I’m pretty sure I’ll never get to the point of not enjoying an ocean view, and it’s been waaay more than a few months. Case in point: yesterday our real estate association’s monthly meeting was held at a beach club half-way between Cabo San Lucas and San Jose. So while I was *SUPPOSED* to be listening to the Mexican bank trust officer explain the Foreign Investment Clause* I was really looking at and taking this video of the beautiful unspoiled setting.
Nope, never going to get tired of it. And neither will you.
* The Foreign Investment Clause is part of the law governing how foreigners can own property in coastal areas of Mexico. If you are looking at a property over 2,000 m2 (one half acre) you’ll need to address it. In the briefest sense, over this size property you will have to promise to invest a certain amount improving the property within 24 months of purchase. There are special circumstances that may apply so be sure to work with an experienced real estate agent and attorney.
Carol Billups is Broker/Owner of Cabo Realty Pros. She has enjoyed working with both buyers and sellers for over eleven years and still thinks hers is the best job on earth. She is also the real estate columnist for Los Cabos Magazine. You can read more of her articles on the website blog www.caborealtypros.com. You can reach her from the U.S. or Canada at 1-760-481-7694, or in Cabo at 044-624-147-7541. You can listen to our 24/7 broadcast on http://www.livecabo.net for a mix of happy music, weather reports and local information.
© 2012 Carol S. Billups