Before you set your plans into motion to sell your Los Cabos property, it’s a good idea to become familiar with the current trends in the Los Cabos real estate market so that you can accurately and competitively list your home for purchase. If you’re ready to sell your Los Cabos property, read on for guidance on how to quickly and effectively list your property on the market.
WHEN A FOREIGNER SELLS, DO THEY PAY CAPITAL GAINS TAX?
Yes, according to article 151 of the Mexican Revenue Code foreigners must pay capital gains tax at time of Residential property sell. Commissions Closing Fees also will apply. For capital gains the options are pay to 25% on the gross sales value of the transaction without ANY deductions ORbetween 1.92% and 35% on the value of the gain (purchase costs less allowable exemptions and deductions) the percentage is calculated on a sliding scale in relation to the gain and we recommend you assume 35% as residential property sales price. Capital gains tax is assessed on the profit gained by selling a property. It is possible to reduce or eliminate capital gains tax when it comes time to sell your property. We provide our Sellers with a complimentary Capital Gains Survey during the listing process so you can determine exactly what your tax situation is. Contact us today to start the process.
HOW IS THE REAL ESTATE MARKET RIGH NOW IN LOS CABOS?
Despite the impact that COVID-19 has had on property values and sales numbers worldwide, the real estate market in Los Cabos remains vibrant with a diverse range of property listings and prices. The Los Cabos real estate market offers options that range from small, secluded resort homes to massive, elaborate oceanfront estates. What’s more is that the market for real estate in Los Cabos shows no signs of slowing down on listing new properties such as resorts and real estate developments that attract both tourists and new residents alike.
HOW DO YOU DETERMINE THE PRICE OF MY PROPERTY IN LOS CABOS?
It’s imperative that you determine a listing price for the property you wish to sell in Los Cabos that’s competitive compared to standard property listings on the Los Cabos real estate market. To determine the most attractive listing price for your Los Cabos home, our team connects you with an expert sales advisor who recommends listing prices for your property based on a thorough analysis of the Los Cabos real estate market. This market analysis makes it easy for us to best represent you as a property seller who needs to achieve the highest possible listing price.
SELLING A HOME IN LOS CABOS, MX
The local Los Cabos Real Estate market in 2021 has been reset. Our goal is to get you the highest price with the most favorable terms in a timeframe that meets your needs. That’s why many sellers choose to list with us. Laid Back Luxury is a full-service, licensed real estate team committed to your goals. We understand marketing, pricing strategies and will make sure the closing process runs smoothly A to Z. Schedule a meeting today to determine your home’s new value.