Complaint / review text:
I have been looking into buying real estate in Baja and have found the agents are only out to make a quick buck, and the fact that there are no requirements to be a realtor there makes it worse. This is from this site:
Lic. J. E. Beaulne, LL. B. Provides us another interesting article about legal terms in Mexican real estate.
I conducted a personal survey on this matter and found that 90% of the salespersons are not qualified when it comes to the legal matters during a real estate transaction in Mexico and, to cover their ignorance they just simply lie instead of saying “Sorry I do not know”.
I have found this to be true of all the websites posted by the real estate agents in order to lure foreign investors to Baja. They do not inform buyers of the need for caution.in fact, they try to make it sound like waiting to make a decision will cost. This is not true, especially now that the market has taken a drastic downturn. My agent did not even suggest I offer less on the property I was negotiating. I went back a few weeks later and offered $250,000. On a house the seller was asking $275,000.00 and they settled for $263,000. And paying $15,000.00 of the closing costs.
This is now a buyers market. But remember it is always buyer beware. Research Baja real estate complaints to find the facts.