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Foreclosures
Dear Friend, thank you so much for visiting this section on "Urgently needed to sell properties"
Urgently Needed to Sell Properties in Coastal Areas
We actually call these properties like that, as there are almost no foreclosures ON COASTAL PROPERTIES in Baja, but there is a great opportunity at the moment, as several sellers are pricing their properties to sell.
We call them"urgently needed to sell properties".
Many transactions are closing and it is indeed a perfect time for you to invest and purchase the home or condo of your dreams, at a discounted price. Don't miss this opportunity.
MOST, if not all these residential and oceanfront units still owe a balance to the developer, THUS, this is GREAT for the buyer, as they only need around 30% in cash (sometimes more, sometimes less) and the balance to be financed.
A different market
In addition, we work closely with many Mexican banks, obtaining amazing information and listings on Bank Owned homes in the metro areas of the cities of Ensenada, Tijuana, Mexicali and others. Homes that the banks need to sell asap, just like in the US.
The difference here though, is that these homes are sold to us and our investors, for around $15,000 USD to $65,000+, depending on size and location; Our investors then resell them with our help and expertise (or on their own) and get a substantial rate of return. Returns from 20% all the way up to 100% of your investment, in a VERY short period of time. (these properties are purchased ALL-CASH).
As you might have heard, the major cities of Mexico are in the middle of a housing boom. In Tijuana, for example, in 2007 there where 37,500 homes sold. In 2008, 40,000 are expected, and as in most major cities, it still faces a huge deficit on available homes vs. demand.
More information on this procedure at the bottom of the page.
Coastal Properties
1. Rosarito Beach Condo Hotel (expected completion: July 2008)
1 bed/1bath, approx 700 sq ft. Sellers in urgent need to sell, they where some of the VERY VERY first buyers, in presale, and got it for the high 100's, at around 185k. Was mostly a "package deal", as several family members bought one unit each. Prices of these units are selling for approximately $275,000. Sellers NEED to sell asap, and have listed at $199,500.
2. Rosarito Beach Condo Hotel.
Similar to above. SOLD
3. La Elegancia oceanfront tower (expected completion: Spring 2009)
unit on 10Th floor, amazing views to ocean. Approx. 1,250 sq ft. 1bed/2BA Comparable units selling at around $285,000 SOLD
4. La Jolla del Mar (Move-in ready)
Large CORNER, Zafiro unit, 1545 sq ft ,4th floor. South end, superb views. Mexican finish, tons and tons of expensive upgrades Very lowly listed at $285,000... comparable units are selling or listed for $345,000 WITHOUT upgrades.
5. La Jolla del Mar, tower 2 (Move-in ready)
Corner unit #201, Fully upgraded and decorated 1545 sq ft, 2ND floor Least expensive unit in la jolla del Mar!! listed at $269,000 and they are reviewing ALL offers. As above, comparable here are around $345k WITHOUT upgrades.
6. Las Olas Mar y Sol (expected completion: Fall 2008)
Deluxe Tower One (north end). 3 bed/3bath CORNER unit, approx 1900 sq ft Bought at BEGINNING of presale, at around $405,000 Developer "mandatory" upgrades are going for around $80,000 per unit. Listed to sell fast at $540,000 plus around $22k in upgrades ($22K locked since bought at early stage) Comparables for this unit, are around $575,000 plus approximately $80k for upgrades
7. Las Olas Mar Y Sol (luxury tower)
Amazing opportunity! Penthouse, Coral Model, 20Th floor, 1741 sq ft; 15' High ceilings. 3 bed/3BA. Comparable listed at $695,000 Listed to SELL EXTREMELY FAST at $399,500 (cash offers only, no financing) SOLD
8. Calafia Complex and Condos (move-in ready)
Oceanfront complex, OCEAN VIEW VILLA individual Villa #304. Listed at $329,000, down from $390,000 LOOKING AT ALL REASONABLE OFFERS 2 bed/2BA, 1 car garage, 1520 sq ft approx. Many upgrades, furnished, brand new appliances, "plantation shutters." Oceanfront complex, 2ND row OCEAN VIEW VILLA Comparables are at around $400,000. fixer upper sold for $300,000
9. Same as above
Villa at 1650 sq ft. 2bed/2bath JUST REDUCED to $495,000, looking at all offer, including LOW offers in the $400k range Comparables for this unit, $540,000 These villas are GREAT rentals.
10. Las Olas I
Beautiful top story Penthouse. Las Olas I isThe first Las Olas Development. Only 2 years old. Great location, "beach walking" distance to the Rosarito Beach Hotel.Includes brand new furniture and appliances. Beautiful sandy beach. Seller needs to sell, and just looking to get recuperate his investment 3 bed/3BA, 2,300 sq ft, listed at $690,000
11. San Antonio del Mar. Oceanfront residential complex.
Beautiful ocean view home. 5 bed/7 BA pool, jacuzzi, furnished, garage. 2 story, Approx 6500 sq ft construction in 4,400 sq ft lot. Completely furnished, remodeled, and highly upgraded. Listed to sell fast at $650,000
12. Villa Floresta Rosarito, central city neighborhood.
Duplex! Two stories. Furnished. 1500 sq ft downstairs, 3 bed/3BA. Homelike. Rented for $600 per month 2,000 sq ft upstairs, with terrace and offering views to the ocean from 2ND floor. 3bed/3BA, jacuzzi on tub. Seller lives upstairs. Asking price $245,000
13. Large land just north of El Mirador (approx. 15 miles NORTH of Ensenada)
Just in case, these sellers need to get rid of large 54 hectare parcel. Large oceanfront parcel, with around 600 linear meters of frontage. Listed at $29 per sq meter, and will look at all reasonable offers Similar properties are listed for around $100 per meter2
14. 50 ocean view hectares (approximately 110 acres)
In beautiful Camalu, just north of Punta Colonet, where the mega port is set to be built within the next 5 or so years. Perfect inclination allowing great views! Only 100 meters from the ocean. Great investment opportunity. "Original owner" needs to sell asap, for urgent reasons. Listed at "only" $2,000,000 USD
15. 10 oceanfront hectares
Offering a perfect view to what will be the mega Port in Punta Colonet. Listed TO SELL, at $500,000 USD
16. Two Fully Furnished Ocean View Hotel Condos
Two Fully Furnished Ocean View Hotel Condos located on the corner of one of the highest floors in the Condo Development of the Historic Rosarito Beach Hotel, about 25 minutes from San Diego, and 40 minutes from Ensenada.
These Elegantly Appointed Luxury Resort Condos consist of a 2 bedroom/2 bath unit about 1,080sqft located at the South corner of the building, and a one bedroom unit about 740sqft immediately adjacent to it, each featuring a Spectacular Ocean View.
The two units are joined by a separation door, wich allows easy accommodation of larger families, and provides greater rental flexibility.
- 2 Bedroom unit.- $371,500
- 1 Bedroom Unit.- $249,500
Please give us a call or send us an email, and we will send you more information on any of these fantastic opportunities.
A different Market: Metro Bank Owned Homes & Government Embargoed
We work closely with many Mexican banks, obtaining amazing information and listings on Bank Owned homes in the metro areas of the cities of Ensenada, Tijuana, Mexicali and others. Homes that the banks need to sell asap, just like in the US.
This list changes almost every day. If interested, please email us or give us a call, so we can send you an updated sheet, and explain the all-cash buying process.
Homes here range from:
- A single home to a lot of 10, 20 or even 100+ units in the same complex or in different complexes that the bank covers.
- Mostly from 300 sq ft homes to 800 sq ft. Occasionally, all the way to 1500 or more.
- Range is $12,000 to $45,000 USD. Some from $50,000 to $150,000+
Learn more!
In House Financing Available Through
RE/MAX BAJA Finance Division
Call our office for more information