Financing Options for Baja Real Estate / Owner’s financing

By Mario Restrepo. In today’s market, nearing the end of 2010, many buyers have come off the bench to buy as the Baja real estate market has reached such a low point. In fact, even well known TV stock investors are now buying real estate south of the border. The caveat is that if you don’t have cash, you have to look to borrow money from banks or owners to make a purchase. Bank loans are available from Mexican and USA banks to purchase property in Baja, but these institutional lenders still have strict lending criteria considering the recent market making it nearly impossible for the majority of buyers to get financing from banks. So, if buying via a lender is not an option for you, consider some of the sellers who are offering owner financing. Some sellers are willing to sell with as little as 20% down. These sellers are happy to earn an interest on the remaining amount of equity due for any number reasons; with the number one reason being is that there are not that many safe alternative... [Read more...]

Baja DropRealty and Baja Open House

Welcome to our Blog, we at www.bajaopenhouse.com are commited to bringing our clients the latest information related to Baja Real Estate. You will find in our blogs many different topics related to your Real Estate investment.  Come and visit us often and leave your comments. We hope you have a great day, we are having one  in wonderful Baja! Beba Cabello and Mario Restrepo Owner/Broker