La Paz Baja California Real Estate
La Paz Baja Real estate offers many investment property options including vacation rentals, single-family homes and land for sale. This city located on the Baja Peninsula is attracting foreign buyers from all over.
Condos, ocean view villas, vacation rentals and beach front homes are all found in La Paz. This city, located on the shores of the Sea of Cortez, draws many visitors, investors and new residents from the United States, Canada and Europe each year. With several miles of pristine shoreline and stunning ocean views, those who love the sun and sand find plenty to do in this coastal town.
With all of the attractions found in La Paz, many Americans are asking their real estate agents to help them purchase property in this Mexican haven. While it is entirely possible to purchase real estate in La Paz as an American, buyers must know that an American cannot directly purchase homes or property in Baja, because it is within 50 kilometers of the coastline. Foreigners are only allowed to own property in Mexico’s interior. The only way for a foreigner to purchase any real estate for sale in La Paz is for the buyer to work through a Fideicomiso, or a Mexican Bank Trust. This setup allows the deed to the property to be in the name of the Trust, while the owner is in reality the foreign investor or homebuyer.
While working with a Trust might sound complicated, this is a common practice. Most people interested in buying and selling real estate in La Paz will work with a real estate agency or individual realtor, and that real estate professional will put the investor or homebuyer in contact with a good Fideicomiso. Many foreign investors are investing in land, developments and rental property in La Paz in this way. Of course, those who would rather live in La Paz without dealing with the Fideicomiso may choose instead to look into the properties available for rent.
La Paz real estate for sale or rent can be a simple process provided the buyer works with a good Fideicomiso to purchase the desired property.
