Early Possession

So, after a lot of searching, you have finally found your perfect Cabo home. You have made an offer that has been accepted, and now you are waiting to close on your new home. In many cases, it can take up to three months or longer to obtain the necessary documents to close, commonly because of the trustee bank’s delay in transferring the title. Most buyers are eager to get into their new homes, and sellers are anxious to collect their money and move on.

Real estate closes in Los Cabos

Normal Close

There are two methods to close on your newly purchased home in Los Cabos. The typical and most common close is what is known as a “Normal Close” or “Hard Close.” A Hard Close occurs when all documents required to perform a legal transfer of the property have been obtained by the closing agent, and all purchase funds and buyer expenses, like closing costs and property acquisition tax, are in escrow. The closing agent will set a closing date where the buyer and seller or their designated POA (Power of Attorney) will attend and sign the required documents. At the end of the signing, funds in Escrow are transferred to the seller, and the new owner is presented with the key to their new home. The transaction is complete and is now officially closed.