Nick Fong from Los Cabos Agent is someone you can trust, and this time he has something very interesting to share with you. Nick Fong is the founder of Los Cabos Agent and as such, he’s always looking to make the best out of your time and investments in the Cabo region. This time, he has the opportunity to interview Bryon Bridges from the CBRE in the US. He’s been going to Cabo for over the 20 last years and he’s got a lot of experience in Real Estate in the region. He specializes in evaluations and appraisals, and he shared with us a lot of interesting and important information you should now. Stick around, keep reading and learn more about how to invest in the Cabo market on this Byron Bridge’s interview for Los Cabos Agent!
CBRE in Mexico
CBRE is one of the main companies in the US when it comes to real estate evaluation and appraisals. They’re now currently covering real estate evaluations in Mexico and Puerto Rico besides the US. In Mexico one of the main real estate markets is, is in Los Cabos San Lucas. It’s because of this reason that he’s bringing to us important information that might interest you.
With over 20 years of experience in the market, Bryon Bridges and the company have done more than 1,000 appraisals just in the Cabo area. Most of those appraisals being of residential homes and lots!
So what is it that they do?
CBRE is the Coldwell-Banker Real Estate company and they’re specialists in doing evaluations and appraisals over real estate of any type and circumstances. Cases can go from the evaluation of a condo in a divorce case to the appraisal of master-planned communities like Montage.
What are the benefits I can get from CBRE?
A way that Byron Bridges and CBRE started to gather the attention of the community was with one simple action. As an unbiased entity moving around the real estate market in Cabo, they started putting out annual market briefs. Market briefs are the non-confidential info that can be shared to all the public, for them to understand better the value and investments of property in Los Cabos.
The real estate market value is going up in Los Cabos
Byron explains the growth of the real estate value in Los Cabos putting a real simple and impressive example. Back in 2001, he did the appraisal of a lot facing Chileno Bay. Back at that time, this big piece of land was worth one million dollars. Now, in 2019 it’s worth almost 20 million dollars, a 20x growth in value in less than 20 years! And Byron can even admit that this is something it doesn’t happen anywhere else. Even big well-known cities like Cancun or Puerto Vallarta. Los Cabos San Lucas accounts for a dynamic lifestyle full of interesting things to do every time of the year. This gives the important value of the place and a fast-growing real estate market.
Another remarkable thing about Cabo is the mixture of options you have for making your stay pleasant. This is that you can go from something like a simple or very luxurious condo to a huge beachfront lot. Or even, get a key-turn Villa ready for you to move in! That is why Cabo has been growing and being almost immune to recession and devaluation. So, if you’re looking for an opportunity of a lifetime investing, this is your perfect chance in this magnificent city!
What if I’m someone trying to invest in the Cabo market?
Whether it’s a house, a condo or a lot, there are some recommendations Byron can make to you. One of the main recommendations is that you should first think about the type of property you want to buy. As we’ve seen before, there are different types of needs that can be fulfilled living in Cabo, the first one you should think of is where to live. Think about the spaces you need, and your budget and work along with that. Also, remember that most of the property in the region is a growing investment over time. Sit back, relax and be patient, invest in the Cabo market on a developing asset for your future and that of your family.
All types of real estate are good, it’ll only depend on the comfort level you’re looking for!
Los Cabos real estate
Many Americans, Canadians, and people from other countries choose to make Los Cabos, Mexico, their home or vacation home. So, discover how to purchase your dream home in Los Cabos, Mexico by inquiring with the top Real Estate Broker in Los Cabos: Nick Fong, who’s been featured many times on HGTV’s Beachfront Bargain Hunt.
See Nick Fong in action on his Los Cabos Agent YouTube Channel. His videos are posted 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:
Visit Los Cabos soon
Thank you for reading Invest in the Cabo market: Byron Bridges interview written by Greg Hixon of RE/MEX Image. 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.