Los Cabos Closing Costs
Category: Homes
Published: 8/1/2013
Buyers Estimated Closing Costs for Los Cabos area (Cabo San Lucas, San Jose del Cabo and the East Cape)
Property Cost Transfer costs % of total
$100,000 USD 9% ($9,025)
$200,000 USD 5.9% ($11,925)
$300,000 USD 4.9% ($14,960)
$500,000 USD 4.4% ($22,225)
$700,000 USD 4.0% ($28,035)
$1,000,000 USD 4.0% ($40,165)
$1,500,000 USD 3.6% ($54,015)
Quotations are in U.S. dollars, include 2% acquisition tax and all expenses involved in the transfer of property in a Mexican bank trust (Fideicomiso) These are estimates only and are subject to change.
Find below a list of expenses involved. E-mail me (tomas@bajasmart.com) or call for a detailed closing estimate.
Closing expenses
Commercial Appraisal
Public Registry Apraisal
Certificate of no tax liability
Certificate of no encumbrances
Taxes
Fiduciary expenses (Bank Trust)
S.R.E. permit
I.R.N.I.E*
Fiduciary fee**
Fiduciary fees
Notary expenses
ISABI (2% adquisition tax)
RPP (public registry)
Notary fee
*Registry at the national Foreign Investment Registry
** $500 USD for trust contract and $500 USD for first annual fee.
For personalized assistance, do not hesitate to contact me.
Tomas Germes
Real estate consultant
Office Los Cabos, MX (624) 142 6039
US (949) 200 6640