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.
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.
My family has been traveling to Cabo for vacations for the last 8 years. Almost every time we booked a room at Estancia using Giovanni and his team. Each stay was spectacular – hence the reason we kept coming back year after year. When we were here on vacation earlier this year with our two little boys, Giovanni put us in a ground floor unit for the first time. It was absolutely AMAZING for having little kids and it just so happened there was a 3 bedroom ground floor unit for sale. After telling Giovanni how much we loved Estancia and how much we loved the ground floor unit, we immediately began talking about the unit for sale. My wife and I were torn between a 2 bedroom or a 3 bedroom unit. We made extra trips down to Cabo so Giovanni could show us more units to make sure we were getting the best one for the family to enjoy and also as an investment. After all the deliberating, Giovanni helped us purchase TWO units that we absolutely love – one 3 bedroom unit and one 2 bedroom unit.
I myself am an engineer with a very critical attention to detail. I had an enormous amount of questions going into this process from an ownership perspective and an investment perspective. I probably pinged Giovanni with hundreds of questions over the 1-2 months we were going through the process and he was able to promptly answer every single one, or point me in the direction of where I could find the answer. Giovanni was also the architect of a ‘soft close’ design that we used on each property so we could take possession prior to finalizing all the trust documents (which takes several months). This allowed us to start using and renting the properties in time for the busy holiday season, which was awesome!
From an investment perspective Giovanni’s help with the Agency Los Cabos was invaluable. No one is more familiar with the Villas at La Estancia than he is, especially when it comes to the rates each room can achieve throughout the year, percentage occupancy, etc. What’s even better is Giovanni’s site draws the most traffic of any website for Cabo vacations and he was able to help us start renting our properties immediately. It has been four weeks since we soft-closed on our first property and only two weeks since soft-closing on the second property, and Giovanni has already helped us book more than a half dozen rentals over the next several months. He has a great team that has been working with him a long time – Samantha, Val, Dan, etc. and they all work seamlessly together through the booking process. There is no doubt in my mind that I would NOT have made these two investments if I didn’t have a solid understanding of the fundamental economics of each property…. and Giovanni is the only person who was able to help me understand that.
I did my diligence and reached out to several other brokers as well, and it was clearly evident after conversations that Giovanni was the real deal and had the most knowledge about Estancia. I highly, highly recommend him to anyone looking at La Estancia for anything – whether it be vacationing, purchasing a second home, or an investment property. No one has more knowledge and foresight than Giovanni and his team and you will never regret using them for whatever endeavors you would like to pursue at Estancia!
Couldn’t be happier!
After going to Cabo for the first time my wife and I fell in love with not only the Sea of Cortez, fine dining, and friendly people but also with the Villa la Estancia. Those that have experienced the spa, five-star restaurants, pools, and private beach realize the absolute relaxation and tranquility that the resort holds. Before we even boarded our plane to return to Montana, we had contacted Giovanni and his team regarding the potential ownership of a unit.
My wife and I are very detail-oriented and began to ask more questions (e.g. Regarding Mexican law, HOA bylaws, renting out the space, etc) than most agents would be willing to field yet Giovanni spent countless time researching each and every question and supplying us with as much information as we needed. He also was our rock as we traversed through the ambiguity of buying in Mexico and provided reassurance to two very anxious buyers as the process went through.
Giovanni’s team went out of their way to assist us in understanding the nuances of ownership and introduced us to our co-owners, the HOA administrators, and gave us helpful tips for living in Cabo.
After several months of navigating the purchase of the property with Giovanni’s critical guidance, it is complete and we are now owners! I can’t say enough about his professionalism and ability to meet the unique needs of his clients!
When you fall in love with Cabo as we did, don’t think twice and call Giovanni to get started securing your own place at Villa la Estancia!
We recently closed on a property at Villa la Estancia and we couldn’t be more excited! Giovanni and his team were engaged and instrumental in the process from the very beginning.
Giovanni spent hours explaining the process and walking us through every little detail from the very first call. Giovanni’s guidance and reassuring nature eased our concerns, taking our ownership from a simple dream to reality!
During the purchase process, Giovanni and his team were with us every step of the way, answering questions and following up with all involved stakeholders. His professionalism and expertise were off the charts!
Being new to the process of purchasing property outside the US, we were naturally a bit apprehensive as the process went along, but Giovanni kept us comfortable and held our hand through the entirety of the process. Without his knowledge and continued guidance, we may have never reached the closing of the property.
We highly recommend Giovanni and his team and look forward to a continued relationship with him and his team!
Giovanni has maintained a presence at Villa La Estancia for as long as I’ve owned a unit there (bought it in 2016, and also have served on the HOA Finance Committee since 2018).
In fact, while General Managers at VLE have come and gone, Giovanni has remained a steady presence. He and others started rental businesses (partnering with owners) just a few years after the internet came on its own.
Something that sets Giovanni apart from others is that he, himself, is a VLE owner and, in addition, he is active on the sales side. In essence, mining rental guests might also be qualified buyers.
That is a value-add above and beyond facilitating a nightly rental, and the primary reason why I evolved to rent exclusively through him, with no offense intended toward anyone else who may offer similar rental services.
I really grew to know Giovanni well in late 2016. In 2018, after 12 years of ownership, my life circumstances changed such that I wanted to broaden my travel destinations and not feel bound to our beloved Cabo San Lucas.
Giovanni understood and began the process of vetting qualified buyers which eventually led to our contracting to sell to our friends, The Tillman’s.
It is worth noting that this sale occurred on the heels of a debacle related to a previous owner and their legal issues with the IRS. These owners held several Villa La Estancia properties and many owners expected depressed market values
for years to come, following the forced sale/liquidation of these assets. At the same time, we had two potential transactions come and go, with the typical accompanying frustrations, disappointment, wasted time, and even some harsh words!
Things happen for a reason, though, and seem to have worked out for the best!
In truth, without Giovanni’s persistence and intuitive understanding of the right next steps, many transactions at VLE wouldn’t have happened, including my own.
Our relationship has grown from acquaintances to very close, personal friends (such that I’m not exactly objective). With that said, I only do business with people who get things done, as it is a standard that my clients also expect of me.
If your goal is to complete the transaction – then Giovanni is the one to choose. He is your only logical choice!