Los Cabos real estate investment tips: Nick Fong’s interview with Byron Bridges
From the main offices of Los Cabos Agent in Cabo San Lucas, Nick Fong has something really interesting to share with you. He is the founder of Los Cabos Agent and he’s someone you can trust. As such, he’s ready to share some compelling information about the Cabo San Lucas real estate market. In the past days, we had the opportunity to get close and personal with Byron Bridges for an interview filled with valuable information for you. Byron Bridges is a professional appraiser and evaluator for CBRE. And, with 20 years of experience in the field, he’s ready to share in this interview some of the best tips and tricks if you’re trying to take a dip into the Los Cabos real estate. So, if you want to learn more about investing in Los Cabos and the best way to do it, keep reading!
Remember that with this information, coming from a professional such as Byron Bridges you’ll be making the best out of your time and money invested in Los Cabos. Read on and learn more about how to invest in the Los Cabos real estate.
CBRE stands for Coldwell-Banker Real Estate. This is one of the main companies in the US when it comes to real estate evaluation and appraisals. And, although their main offices reside in the US, they currently also cover real estate evaluations in several countries. Among these countries, you can find Puerto Rico and Mexico. And Mexico, being a country that abounds with travelers from around the world is the perfect place to invest in real estate. Find many big and touristy cities all over, but don’t forget that one of the most important ones is Cabo San Lucas.
With over 20 years of experience in the market, Bryon Bridges and the company have done more than 1,000 appraisals just in the Cabo area. Most of those appraisals being of residential homes and lots! It’s because of this, that Byron has important information to share with you related to investing in real estate in Mexico.
The real estate market value is going up in Los Cabos
CBRE specializes in evaluations and appraisals over real estate of any type and circumstances. And what they’ve seen and learned in the past years Byron explains the growth of the real estate value in Los Cabos with a simple example. “Back in 2001, I did the appraisal of a lot facing Chileno Bay” He starts to tell. “Back at that time, this big piece of land was worth one million dollars. Now, in 2019 it’s worth almost 20 million dollars, a 20x growth in value in less than 20 years!” Admits Byron. And this is something he assures doesn’t happen anywhere else. Even in bigger cities like Puerto Vallarta or Cancun.
The unique characteristic of Los Cabos San Lucas is its dynamic lifestyle full of interesting things to do in any season of the year. With this, the city earns an important value of a fast-growing real estate value no other city can achieve.
Housing options in Los Cabos
One of the most important aspects of the Los Cabos real estate is diversity. That’s right, a developing city with many travelers and people to live around gathers its importance from the possibility. The mixture of options you have for making your stay pleasant is very important. This means finding from something like a simple or very luxurious condo to a huge beachfront lot. This is why Cabo has been growing and being almost immune to recession and devaluation. The endless possibilities for you to make the best choice is a great asset. Pick wisely and don’t take long to move into your new Mexican lifestyle.
Are you looking to invest in Los Cabos real estate?
A way in which CBRE started to gather attention from the community Los Cabos region was with one interesting activity. Byron Bridges tells us that as an unbiased entity within the real estate market in Cabo, CBRE started putting out annual market briefs. What are those? You may ask, and the answer shall come your way. Market briefs are the non-confidential info about a property that can be shared with all the public. This, of course, works to understand better the value and investments of property in Los Cabos. So, whether it’s a house, a condo or a lot, the best recommendation for you is to look for the choice that fits you the best.
All types of real estate are good, it’ll only depend on the comfort level you’re looking for! There are different types of needs you could have when planning on coming down to Cabo. The first one is most of the time wondering where to live or stay when in Cabo. Think ahead of the spaces you need, and your budget and work along with that. Also, remember that most of the property in the region is a growing investment over time. Investing in the Cabo real estate market is definitely a growing asset for your future!
Los Cabos real estate
Many Americans, Canadians, and people from other countries choose to make Los Cabos, Mexico, their home or vacation home. So, discover how to purchase your dream home in Los Cabos, Mexico by inquiring with the top Real Estate Broker in Los Cabos: Nick Fong, who’s been featured many times on HGTV’s Beachfront Bargain Hunt.
See Nick Fong in action on his Los Cabos Agent YouTube Channel. His videos are posted on the Los Cabos Agent VLOG, where you can read a short, yet in-depth post. Below is an example of one of Nick Fong’s Los Cabos Agent videos:
Visit Los Cabos soon
Thank you for reading Los Cabos real estate investment tips: Nick Fong’s interview with Byron Bridges written by Greg Hixon of RE/MEX Image. Be sure to read other posts about Los Cabos on the Los Cabos Agent blog. There, learn about the many wonderful aspects of Los Cabos, Mexico, from blog posts like this.