Villas For Sale at Villa La Estancia
Cabo San Lucas, Mexico
Cabo San Lucas, Mexico
Fractional Ownership has grown to become increasingly popular in recent years among people looking to enjoy the benefits of luxurious possessions with shared ownership.
What is Fractional Ownership?
The simplest description of Fractional Real Estate Ownership is ‘shared ownership of a deeded property, with usage rights based on time’. The purchasers have a stake in an asset without having to pay for the entire property.
Because each owner holds an equal part of the Title, the buyer owns partial equity in a valuable asset. As the value of the property appreciates so, too, does the purchaser’s equity.
Generally, a management company takes care of service and amenities.
Can U.S. or Canadian citizens buy Real Estate in Mexico?
Yes, citizens from other countries are eligible to buy real estate in Mexico, but it must be done through renewable bank trusts known as fideicomisos.
A ‘fideicomiso’ is a 50-year, perpetually renewable and transferable Bank Trust which allows foreigners to acquire irrevocable and absolute ownership rights to property in Mexico. This Trust is the legal equivalent of fee-simple ownership and is provided specifically for non-nationals, allowing them to own coastal and border property.
What is the most common types of fractional ownership in Los Cabos?
Fractional ownership properties in Los Cabos tend to be ocean view homes or villas, many of which are part of private residence clubs offering upscale amenities that are shared with neighboring owners. These amenities often include tennis courts, fitness facilities, business centers and concierge services.
The most common and best option is ¼ ownership (.25%), where four owners hold equal ownership percentage.
Typically there are three seasons: Winter, Spring and Summer and each quarter owner would receive one month (30 days) in each season in a rotation each year within a selective lottery process. Each year, each owner will receive a desired month guaranteed.
There is also the possibility of trading time with other ¼ fractional owners.
What is the investment potential?
Fractional Ownership provides an opportunity to build equity, as well as, an ability to rent some or all of your usage rights, allowing you to recoup your initial investment in the process.
Is fractional ownership right for you?
Fractional Ownership is more affordable than a traditional real estate investment model, with a lower overall down payment and fewer worries with regards to maintenance and property ownership responsibilities.
A big thanks to Giovanni and his team of absolute professionals that made our purchase go flawlessly. Gio and his team worked very hard to make this happen for me and my family. His communication through every step was on point guiding us along the way. He obviously has many years of experience and knew our concerns about buying a property out of the country and he made us feel comfortable at each step. I would highly recommend considering Giovanni for both sides of a transaction in buying or selling in Cabo!
Having built our dream home in the Cabo area, it was time to part with our beloved condo at Villa La Estancia, which we had owned since 2015. We had thoroughly enjoyed our time at Villa La Estancia and benefited from significant rental income when we weren’t using the unit, which made the decision to sell quite difficult. We finally listed the unit with Giovanni, expecting it to take about a year to receive a decent offer. To our surprise and delight, Giovanni called us just two weeks later with an acceptable offer. Every aspect of the sale has gone smoothly, and we commend Giovanni for making the process so quick and easy.
We want to say a huge thank you to Giovanni and his team for our experience in listing and selling our condo, PH 1806. We chose Giovanni because of our experience with allowing him to rent our unit. He handled his bookings well, stepped up when there were issues with guests and always paid on time. Clear expectations for our interactions were set from the beginning and he exceeded those expectations.
From the listing agreement to the close, Giovanni’s persistence, tenacity and drive were exhibited on our behalf. He brought together all the different parties to achieve the goal which resulted in one of the fastest offer to close sales at Villa La Estancia. If you are looking for results and someone who will go the extra mile for his clients, I would consider Giovanni and his team.
Giovanni Giammarco is an outstanding Real Estate agent to work with. He is a skilled listener and negotiator, with in-depth knowledge of the local markets. My husband and I listed our quarter-share villa with him and his team.
Although the buying market was slow, at no point did his dedication to selling the property waiver.
Giovanni was never too busy to answer questions and offer good advice. He was available to us within minutes seven days a week.
Giovanni Giammarco and his team at The Agency Los Cabos listed our Condo for us in Cabo San Lucas Mexico at Villa La Estancia.
We would recommend Giovanni & his team to represent you throughout the entire process of selling your home; at every showing, and walk thru, they were there to protect us and our interest even though he represented both seller and buyer. He and his expert team did an excellent job listing our condo and getting it quickly on the market. We were able to get an offer within a short amount of time and they helped usher it through the Mexican real estate process which is very confusing.
Giovanni is very personable, easy to talk to, and can be reached at any time.
He went above and beyond to obtain answers to every one of our questions and was reassuring and calming if any fears arose.
If you are looking for a real estate agent or rental company we can recommend Giovanni Giammarco without hesitation.