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Real Estate • San Jose del Cabo • Cabo San Lucas• Baja
California Sur • Mexico |
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| Communities | The East Cape | San Jose Del Cabo | Cabo San Lucas | Events | Links | Buying in Mexico | Property Los Cabos Team | |
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Randy Thompson Snell Real Estate Agent Los Cabos Mexico
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Dear Friends: The old dogs don't seem receptive to learning new tricks. The financing of resort properties will add significant momentum to our already active market. The bankers felt that they would be lending somewhere between 500 million and 1 billion dollars annually. Peter Stirling of GS Mortgage Corporation indicated his bank had access to unlimited funds for qualified buyers. This opens up the market of refinancing as well. Most properties to now in Los Cabos were purchased cash and freeing up equity to invest will be very attractive. I welcome the evolution of financing to the area and am aware that many visitors will now qualify to purchase real estate here. The largest hurdle the lenders appear to have is the lack of a standard purchase agreement being used here. This was a discussion at the MLS meeting held this morning. These lenders will demand structure and that means additional education on behalf of the sales agents and brokers working here. It also represents progress and increased consumer confidence by the buying public who have grown accustom to the complex world of finance. It will mean the shaking of the tree, so to speak regarding the dinosaurs that refuse to grow. In an ever evolving industry we must as agents evolve as well or become ineffective. Financing here will represent much opportunity for those who understand the strength of leveraging. I can not predict the end result but feel that the demand for an agent with specific education of the area and methods of doing business will excel. I welcome the challenge and look forward to helping make you dream a reality in truly a heavenly place. Randy Thompson
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| Contact Randy Thompson Toll Free: 1-888-560-6717 ~ From Canada
or the U.S. 011-52-624-142-0015 |
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| Property Los Cabos.com is a private website that offers luxury properties and information about living in Los Cabos Baja Sur. Solicitation for any other reason is strictly prohibited. Randy Thompson is a Real Estate Agent for Snell Real Estate. | ||||||||