Los Cabos prepares for Tropical Storm Norma

Tropical Storm Norma

Forcast cone for Tropical Strom Norma (as of 3 pm September 14th, 2017) -National Hurricane Center

Here we go again Los Cabos!

We haven’t even finished cleaning up from Tropical Storm Lidia and we are about to get hit by her nasty sister Tropical Storm Norma. Well, let’s hope Norma stays a tropical storm because there are predictions that she may turn into a hurricane by the time she reaches Los Cabos. 

We at Cabo Premiere want to remind everyone that if you take the time today or tomorrow to prepare for the storm you won’t be caught off guard or standing in long lines at the store. Here are some suggestions from us to help you prepare.

A basic emergency supply kit could include the following recommended items:

Hurricane + high winds (frequently) = power loss.

  • Store enough supplies to last at least 3 days & if possible up to a week. 
  • Water – one gallon of water per person per day for at least three days
  • Food – at least a three-day supply of non-perishable food
  • Battery-powered or hand crank radio
  • Flashlight or rechargeable portable light
  • First aid kit
  • Extra batteries
  • Whistle to signal for help
  • Dust mask to help filter contaminated air
  • Tarps or plastic sheeting
  • Duct tape
  • Moist towelettes
  • Garbage bags and plastic ties
  • Can opener
  • Cell phone
  • Charger cords and a power bank
  • Matches
  • If you have pets – food & water for 3 – 7 days

To assemble your kit, store items in airtight plastic bags and put your entire disaster supplies kit in one or two easy-to-carry containers such as plastic bins or a duffel bag.

Other things to consider:

  • During an extended power outage, ATMs & credit card machines will not work so make sure to have some extra money on hand.
  • Fill your vehicle(s) gas tanks to at least half full.
  • If your appliances run on propane make sure to have enough to get you thru a weeks usage.
  • If you have electric appliances have a portable camp stove or charcoal bbq on hand for cooking.
  • Coolers & Ice will help keep food & beverages cold during power outages.
  • Do not get caught by dangerous flood waters, have an evacuation plan. 
  • Bring in outdoor furniture & anything else that is not tied down to prevent injury/damage from debris.
  • Trim trees & shrubs. High winds can turn branches into projectiles during a storm.
  • Reduce property damage in the event of a hurricane by reinforcing windows, and doors.
  • Check in with neighbors to see how you can help each other out before and after a storm
  • Please share tips with your community for staying safe before, during, & after a hurricane.

Here is a link to the National Hurricane Center for storm updates and information.

Please stay safe from all of us at Cabo Premiere Real Estate 😀 !

Cabo Strong – Clean up after Tropical Storm Lidia

This is a shout-out to everyone who felt the wrath of Tropical Storm Lidia that ravished Cabo San Lucas and San Jose del Cabo. Stay strong and Cabo on!

Tropical Storm Lidia over Los Cabos

this shows the size of Tropical Storm Lidia over Baja California Sur -2017

If you have, then you should give.

If you can, then you should do.

Sharing is caring.

Let’s all try to remember to live by those words over the next couple days well we clean up and get back to business as usual. Lend a helping hand if you can, and share food if you can spare it. Remember one day you may be the one in need, you will surely want someone to be kind to you, in your hour of need.

To all those who lost a loved one, our hearts and prayers are with you. Pet owners who lost a furry friend, our hearts hurt for you. To all of you who lost your home, your business or any other thing you hold valuable. We are sorry for your loss but happy you survived!

Lidia took aim at more than the Los Cabos area, she ripped up many villages including but not limited to Todos Santos, Los Barriles, El Pescadero, Cerritos, & La Paz. These small communities usually don’t have anywhere close to same resources available to them after a devasting storm. However, they have a strong sense of neighborly love that helps them band together. That is what they use to get it done!

Articles about Tropical Storm Lidia

Here is a link to a couple articles showing the aftermath of Tropical Storm Lidia.
Washington Post article

The Weather Network

Global News Canada

Search properties or for more information about Cabo Premiere Real Estate 

Cabo Premiere Real Estate

Why is my Los Cabos real estate not selling?

Beautiful Sunset Los Cabos, Baja California Sur

Beautiful Sunset – Baja California Sur, Mexico

If your Los Cabos real estate is not selling…

First, you need to know the facts about the Los Cabos real estate market. Fact: MLS statistics show the average home takes one year to sell in Los Cabos. Actually, to be perfectly clear we should say this applies to all of Baja California Sur and to all property types such as condos and land. Seriously if you don’t believe this article then ask your realtor for the current stats in your area. Furthermore, you might be surprised to know that the median sales time could be as long as three years. But this is never your Realtors fault, even if you may think so.

Maybe it is just not desirable at your price?

In the end, it comes down to the selling price. Here’s how it really goes. If this is you please don’t take offense. Most sellers go on line to search comparable properties for sale and then they pick a price they think their properties should sell for. Really who is the listing agent to argue with the seller? For one they don’t want to offend or lose the listing and secondly most times there is little to compare to. Let’s get real people, this is Baja and a CMA means nothing or at most very little! If your realtor is actually lucky enough to find statistics in the area of your property there usually is no information disclosed. Was the sale an arm’s length transaction or were there mitigating circumstances? Such as, a divorce or maybe a spouse died or something in their financial life changed?

Baja California Sur is a Second Home Market.

Los Cabos real estate market is a second home market. This is not the US market or the Canadian market where a 30 or 60-day listings actually produces a sale. Welcome to a second home market…key word…second home. Please remember, a second home is a want, not a need. So please don’t pull the I am losing money card or the Oh, but I paid this $. I will say it again second home market….not a need but an I want. If you want to sell it is just plain time to get over the I am losing money number because frankly, a second home market does not always mean an investment market.   

What outcome do you really want?

It is time to be honest, well at least with yourself anyway. Do you need to sell or do you want to sell, there is a difference. If you can afford to have your property on the market, until that once in a lifetime buyer offers your dream selling price, then this article does not apply to you. However, if you really need to sell in a timely manner consider offering seller financing or maybe just a more realistic selling price based on actual recent sales.

The Bottom line is, do you want the best price or a real sale.  Only you can decide.

To search current MLS listing click link below

http://www.cabopremiererealestate.com

Real Estate in Mexico – Commercial Properties

Commercial Real Estate 

Are you thinking of buying or selling a commercial real estate in Mexico? Then it’s time to break out your calculator.  We at Cabo Premiere have discovered many of our clients are unaware that commercial real estate transactions are subject to the IVA tax. So take the price listed then add 16%, that is what you’re going to pay. Not a pretty picture. No wonder, we do not see much in the way of a commercial real estate industry here in Los Cabos.

The Oasis - Pescadero, commercial real estate Cabo Premiere Real Estate

The Oasis – Pescadero Featured Listing at Cabo Premiere Real Estate

The Oasis – Pescadero Listing

Se Vende!

Signs signs everywhere are Se Vende signs. Sellers put a sign in the windows reading “Se Vende”. Buyers like to call sellers directly thinking that they will get a better deal without using a real estate agent, or so they think. The seller and the buyer negotiate and finally, a deal is made. Fast-forward, now it’s time to sign the closing papers and guess what, surprise! Hola IVA tax! The buyer now has to pony up an additional 16% of the purchase price at the time of closing. Therefore depending on the price of the commercial real estate property that could be tens of thousands of dollars that the buyer must pay. This really could be a deal-breaker if you are unaware of it because the deal can not go forward until the tax is paid.

Conclusion

Please keep in mind that this tax law applies to all commercial real estate transactions in Mexico. There is no way around this tax, well not legally that we know of. Currently, the IVA tax is 16%. The IVA tax is not paid to the seller it is paid to Notario (in trust) at the time of closing.

So, in conclusion, make sure you take the 16% IVA tax into consideration before finalizing your commercial real estate purchase transactions.