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.
Hello Giovanni,
Thank you for the welcome. I would like to thank you and your team for helping us in our purchase of PH 1502. The process was fairly easy and simple especially compared to our purchase of 3307 from the developer. (another long story) You and your team are true professionals and really know the VLE market.
Anyway glad to have my partner and me in on 1502…Looking forward to a great remodel and many happy days at VLE.
Cheers, Kris Anderson & Art Strauss Jr. new owner, Penthouse 1502
Thanks, Gio for creating a market for a quick sale of our Penthouse 1502. We truly didn’t anticipate you getting that accomplished so fast. Guess I should be careful what we wished for. I know you and your staff are involved in all aspects at VLE (rentals & sales) but to produce a buyer so quickly was unexpected and now annoying.
(Just kidding…Kind of). It is with a heavy heart that I close this chapter of ownership at Estancia but will look forward to working with you to rent a place on one of your listings in the future.
Thanks for making this Escrow period fast and painless.
Bob & Donna Draney Former owner, Penthouse 1502
I have known Giovanni Giammarco for over 10 years as a fellow owner and because of his Cabo La Estancia. I listed my penthouse with Giovanni for the purpose of renting to
his high-end clientele.
Besides our business relationship, we also became good friends.
When it came time to make the decision on listing my unit for sale, I trusted Giovanni to represent me with his 30 years of real estate experience, plus I knew he was a US broker too. It all helped contribute to a successful closing.
Dana Oberlin Former owner, Penthouse 2801
We were original owners at Villa Estancia and for over 10 years Giovanni Giammarco helped us manage and rent our unit. When the time came to sell we had “Gio” represent us. From effectively managing all the buyers and showings offers and counteroffers he got our unit sold. Then he effectively managed the complex Mexican closing processes, Gio was our representative and got our deal closed. Our escrow closed on time and right in line with Gio’s expected proceeds and timing. We would strongly recommend him if you want to sell your unit at Villa Estancia. Go with Gio!
Dane Hillyard Former owner, Villa 3101-1/4
We recently closed on our dream property at Villa Estancia, after renting several different units there with Gio over the last 7 years. The deal took almost a year to finally close, and Gio served as a trusted advisor to us throughout the somewhat opaque and circuitous route from the initial offer to the signed contracts. Gio was communicative, straightforward, and insightful over the course of this difficult transaction and we would and will work with him again in a heartbeat.
Jack and Mary Keenan New owner, Villa 3101-1/4