Looking to Buy?

Closing costs typically range from 5% to 7% of the property's purchase price and include fees for the notary public, bank trust setup, property transfer tax, and other legal expenses. While costs may vary, they are a one-time investment to ensure a smooth and secure transaction.

Property taxes in Cabo San Lucas, known as Predial, are very low compared to the U.S. and Canada. The annual property tax rate is typically 0.1% of the assessed value of the property. For example, if your property is valued at $500,000 USD, your annual property tax would be approximately $500 USD.

Additionally, if you pay your property taxes early (usually in January or February), you may be eligible for a discount of 10% to 20%. This makes owning property in Cabo San Lucas even more attractive for investors and vacation homeowners!

Yes, but options can be limited. While some Mexican banks and developers offer financing to foreigners, most buyers choose to purchase with cash or secure financing from their home country. There are also U.S. and Canadian lenders that specialize in cross-border mortgages for Mexican properties.

Not necessarily! Many steps, including signing contracts and closing the deal, can be done remotely with the help of a power of attorney and digital notarization services. This makes buying a property in Cabo San Lucas a hassle-free process, even if you’re not physically in Mexico.