Start with a conversation
Tell Chad what you have in mind and when you are next in Rocky Point. He usually answers within a few hours, Arizona time.
Real estate · Puerto Peñasco
Buying or selling on Sandy Beach, with a licensed agent who lives here
No listings feed, no pressure. Tell Chad what you are looking for and he will show you what is really on the market, in person, with the comparables.
Chad Cloward · Licensed real estate advisor in Sonora (Asesor Inmobiliario Profesional), licence 1283, Secretaría de Economía y Turismo del Estado de Sonora · Arizona real estate broker, licence BR009008000, Arizona Department of Real Estate · Quest Real Estate LLC
Four things to know before you look
The short, honest version. Numbers change, so they live in a dated guide Chad sends you, not on this page.
You own it through a bank trust
Within 50 km of the coast, foreigners hold property through a renewable 50-year fideicomiso. You live in it, rent it, sell it and leave it to your heirs.
It is mostly a cash market
US banks do not lend on Mexican property. Most buyers pay cash or borrow against a home at home; a few cross-border lenders exist for larger purchases.
A notario closes the deal
A Mexican notary public checks title, collects the transfer tax and records the deed. Buyer closing costs run in the single digits of the price; Chad walks you through the exact list.
Title insurance and escrow exist
US-style title insurance and third-party escrow are available in Puerto Peñasco. Chad recommends both and will tell you what they cost today.
How buying works
- 1Tell Chad how you will use it. Weekends, winters, rental income or a full-time move; and the budget. That decides resort, floor and size.
- 2Tour with Chad. A day on Sandy Beach, inside the units and around the resorts, with the dues, rental history and comparables for each.
- 3Make a written offer. Chad negotiates it and sets the deposit into escrow.
- 4Due diligence and the trust permit. Title search, HOA standing, the bank trust application and title insurance, handled with the notario.
- 5Closing and the deed. You sign at the notario, the deed is recorded, and the keys are yours. Typical timeline: ask Chad, it depends on the trust bank.
Selling with Chad
- A written listing agreement, in English and Spanish.
- Exposure where every local agent looks, and to Chad's own guests and buyers.
- A price set from live comparables, and the rental numbers a buyer will ask for.