Baja Real Estate - San Marino / Poor service!
We wanted to purchase a home in San Marino. They wanted a deposit but would not give us a receipt stating it would be refunded when we put down the down payment, only verbally would say it would be part of the down payment. Then they would not use a escrow account for the 30% down payment. They say they do not use escrow in Baja. Now I see all the problems with the area and the way they do business, it is just too risky to buy there. I am going to put the money in a good mutual fund and use the dividends and capital gains it pays to rent a house when we want and not have the hustle of selling later and paying the Mexican fees. Their closing costs are around three time higher than in the states, and they tax you more on the gains when you sell. There are many things to think about.