Villas For Sale at Villa La Estancia
Cabo San Lucas, Mexico
About Fractional Ownership
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.
Testimonials
From Villa Owners
Villa La Estancia here we come!
September 2022
We are the proud new owners of Unit 3301. Giovanni represented both the buyer and the seller.
The panoramic oceanfront villa is truly a gem, sitting on the Sea of Cortez.
Giovanni’s ability to describe the property’s attributes and paint a picture of its beauty led us to purchase the unit sight unseen.
When we entered the unit for the first time, we fell in love with the view and quickly came up with the name we believe best describes it: “Hermosa Vista”.
Giovanni was a wealth of knowledge for us and made purchasing this stunning villa a simple and straightforward process.
Given the intricacies of real estate transactions in Mexico, this was a truly herculean task.
Throughout the process of identifying the property, negotiating the purchase agreement, preparing the escrow, and ultimately closing the transaction,
we felt Giovanni was there with us every step of the way.
His attention to detail and his ability to share his expertise was much appreciated.
We would highly recommend Giovanni to anyone looking to purchase or sell property in Cabo San Lucas!
The relationship has proven beneficial
August 2022
We love our newly purchased property at Villa La Estancia. Giovanni represented the seller (while we were the buyers).
Despite who represented whom, we found him to be an able “adversary” – one that vigorously supported his client, but was fair to the process.
It is rare to become so impressed with the opposing party’s agent that you engage their services directly. It was the loyalty he displayed to his client and his ability to make everyone feel heard that convinced us to retain his services and act as our rental agent and property manager.
We are so pleased to say the relationship has proven beneficial. We would recommend Giovanni to anyone in need of a professional who places the client’s needs at the forefront while acting with integrity and professionalism.
Seller’s remorse
July 2022
I am writing as a former owner of an Oceanfront Penthouse Villa (3401) within the Villa La Estancia (VLE) development located on Medano Beach in Cabo San Lucas.
At present, my wife Cheryl and I are managing through seller’s remorse as we were an owner from 2004 up until late spring 2022.
During this time, we experienced too many to count memorable family vacations while establishing lifetime friendships in Cabo.
Our continued ownership and ultimate property management of the villa was made possible by Giovanni Giammarco of “The Agency Los Cabos”.
Giovanni proved to be a very talented, knowledgeable, and trustworthy /ethical real estate professional. Accordingly, we placed great trust in him and his team as they were retained for nearly ten years overseeing our property management activities with discretion. In fact, I often provided Gio with my proxy to attend and vote on HOA matters on our behalf.
Gio’s on-property grounds team, led by private concierge Samantha, proved exceptional in managing our clients.
Suffice it to say, Gio and his team made it possible for my wife and me to be comfortable enough to rent our villa to other families for over a decade. This was a big net revenue generator.
Of course, when it came time for us to sell our villa we leaned heavily on Gio as our listing agent to source a qualified buyer within his network. He delivered on this promise by securing a fair financial offer, and represented both us as the seller and the buyer as well! Of all the realtors I have worked with, I can confidently say, “Gio understands as well as anyone “Price is only an issue in the absence of value “. Importantly, Gio professionally managed the sale process (details associated with the Purchase Agreement, Title Company, fideicomiso (escrow), VLE HOA et.al.)
The bottom line is this: I would recommend Gio to any friends and or family looking to purchase or sell their dream home in Cabo San Lucas or Los Angeles for that matter!
Top-notch professionalism
July 2022
We have been working seamlessly with Gio for years so when the opportunity to sell our fractional condo and buy a full ownership unit arose, there was no doubt in our minds about selecting Gio and his team to represent us.
Gio brings top-notch professionalism to the table each and every time!
His experience, availability, attention to detail and proactiveness are all the qualities we look for in a realtor especially when it comes to purchasing foreign properties. His team made everything easy for us, including arranging all the logistics for the power of attorney. Gio always makes us feel as if we are his only clients even though we know he is super busy working with others as well. We highly recommend Gio and his team for all your real estate needs.
The ultimate professional
May 2022
I typically don’t write a review for anything or anyone, but the outstanding service I received from Giovanni Giammarco and his realty team at The Agency Los Cabos calls for an exception. For me, selling a property in Mexico is anticipated to be a very stressful process. Giovanni was candid, provided great feedback, helped explain clearly all details, and
was extremely responsive to every one of my questions, no matter how many (and I had many!!) or how small.
The re-sale real estate market in Cabo San Lucas is currently exceptionally difficult, however, Giovanni and his team made selling my villa at Villa La Estancia a smooth and pleasant experience. They knew exactly what to do at every step of the process and gave me excellent guidance along the way.
I would highly recommend Giovanni and his team at The Agency Los Cabos to anyone selling or buying real estate in Cabo San Lucas.
He is the ultimate professional.
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