Real Estate in a Nutshell: Soft closing with Nick Fong from Los Cabos Agent
Los Cabos Agent is someone you can trust, and as such we have a very interesting subject to present to you this time. Learn in this post more about real estate in Cabo, and more specifically about ”soft closing” a real estate deal. This might sound like a lot of technicalities involved, but it’s actually something pretty simple and beneficial for the parts involved. Although is somehow uncommon, this is some situation you could be facing and it’s always better to be prepared about the subject. Keep reading and learn more about soft closing with Nick Fong from Los Cabos Agent.
What is soft closing?
From the beautiful Cerritos Beach, one of Nick’s favorite beaches in all of Baja, we’re going to learn about soft closings. This is a topic that shows up from time to time in Los Cabos Agent headquarters and it’s actually a really simple matter. Soft closing is when the buyer and seller transfer possession and a percentage of the purchase price before the actual official title transfer. And what does this mean, you may ask. Well, it means that the selling-buying process happens in a partial way before signing the actual deed or ‘‘escrituras” officially.
But, why soft closing?
There might be many reasons why we could expect a soft closing situation. But, the two most common reasons why this happens are two. The first one is that there might be a delay from the trustee bank to transfer the title, and even if the money is there and everything else is on point, the bank is not able to release the title just yet. The other situation is that the seller’s financing paperwork is still tied to the procedure of the title transfer as well. Although, no matter the reason for you to be facing a possible soft closing just make sure to use a real estate attorney to prepare that private contract between the two parts involved. Do it the right way and go across the legal procedures needed to do it properly.
One of the nice things about soft closing is that you can close the deal really fast. This means that the seller gets a part of the money on his property right away and the buyer can get their new purchased possession quickly too. So there you have it, that’s pretty much a soft closing with Nick Fong in a nutshell!
A bit more about Los Cabos
Baja California Sur is a very special state in Mexico because it’s surrounded by the magnificence of the Sea of Cortez and the Pacific Ocean. The spectacular placement of this location makes it a true paradise between two seas. For example, at this precise moment standing from Cerritos beach, you can actually see the whales roaming by the shore. It’s whale season and they give an incredible spectacle on the Sea of Cortez. Actually, Los Cabos which is located in the southern tip of the Baja Peninsula was considered by National Geographic magazine as one of the places you must visit in 2017. Find there an alluring mixture of desert landscapes, beaches, and impressive mountains.
Los Cabos real estate
Many Americans, Canadians, and people from other countries choose to make Los Cabos, Mexico, their home or vacation home. Discover how to purchase your dream home in Los Cabos, Mexico. Make an appointment with the top Real Estate Broker in Los Cabos: Nick Fong. He’s been featured many times on HGTV’s Beachfront Bargain Hunt.
Since 2010, Los Cabos Agent has been helping clients find the best homes in Cabo. And, they’re highly-skilled negotiators that’ll get you the best price. Whether you wish to buy a property or quickly sell your Los Cabos real estate, they got you!
If you’d like to take a tour of a property in Cabo San Lucas, just click CONTACT to inquire. Or, call directly at 619-831-2000. Los Cabos Agent will be happy to answer your questions. You can also schedule a time to show you around this breathtaking location.
Los Cabos Agent on YouTube
See Nick Fong in action on his Los Cabos Agent YouTube Channel. Find his videos 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:
Thank you for reading Real Estate in a Nutshell: Soft closing with Nick Fong from Los Cabos Agent. 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.