Homes in Loreto offers the comprehensive support you need when selling your property in Baja.
Are you thinking about selling? There are a few things you should review first, even before listing your property.
Selling a property in Baja involves several important paperwork and documentation requirements. While specific requirements may vary depending on the nature of the property here are some common documents and steps you’ll typically need to complete:
No. DocuSign can be used for initial deal signatures, once a offer has been accepted, you can grant a limited Power Of Attorney, specific to the sale of the home to the closing attorney who will sign the necessary documents on your behalf with previous authorization.
The timeline can vary depending on factors such as the season in the calendar year, property type, and the complexity of the transaction. A cession of fideicomiso rights in some cases can be completed in as short as 3 months if the property paperwork is up to date.
The most common seller expenses include: Any pending water bills, property taxes or annual fideicomiso fees, realtor commissions (typically 6% +IVA), ISR tax/capital gains and, if applicable, granting a Power of Attorney.
The exact capital gains/ISR tax amount is calculated by the notary based on the exchange rate at the time of closing and on any applicable deductibles. Reach out to your realtor for an estimate and to determine what options are available to your specific case to mitigate your capital gains.
The specifics are determined by the clauses in the Offer to Purchase. Typically, if a buyer fails to make the final deposit, the initial payment becomes non-refundable and is immediately released from the escrow account to the Seller.
In addition to the benefits of local expertise, marketing tools and industry connections, selling with the support of a licensed realtor is key for streamlining a successful sale. I am here to protect your interests, assure a secure and safe transaction, to reduce the stress and make more efficient the lengthy and complicated sale processes involving fideicomisos.
