Most folks walking into my office in Todos Santos these days, whether they are from Canada, the United States, Europe, or the Mexican mainland, ask me the same thing, “How is the market doing down here?” My answer is always the same, “Great ! This is a good time to explore your options”.
Does that mean that properties are selling for full list price? Occasionally. But 3-20% of asking price, depending on the property and the motivation of the buyers and sellers involved in the negotiation, is more common, much like anywhere else. And of course everyone likes to know what the price is “per square meter” and “how motivated are they?” Granted, these are obvious key value factors to arrive at a mutually acceptable agreement.
But let’s not overlook another value factor that may not be as obvious, but for me, also looking for a property for myself, just as important …. the “Psychic Value” factor.
I “feel” good living here. It’s a good fit for me. And I am here full-time.
I like getting up on a Monday morning, hopping on my old Huffy mountain bike and taking a casual 5 minute ride down to the sea, where currently there are whales popping out of the water not more than a few hundred yards from the shore …. and be the only one on the beach.
I like living in a town where people all say hello to each other on the sidewalk, with eye contact and a pleasant smile.
I like leaving the office around 5 PM and heading down to the beach to help release baby sea turtles into the Pacific as the sunset produces yet another set of indescribable colors.
I like living just south of the Tropic of Cancer, where, for me, it is a real struggle to be cold enough to wear a sweat shirt or long pants.
I like living where I can have a nice, tasty Mexican food dinner for about $7.50 US
I like that you can grow tomatoes all year long.
Sorry … I’ll stop myself now.
The point is, if you have any thoughts of owning property down here in southern Baja, embrace those thoughts, write down the type of lifestyle you desire here, what things will create that “good feeling inside”, that’s right, the “psychic value”, and make it an important part of your decision of what to look at and what to offer when you find that “perfect fit”. If that property really feels right, grab it. There may not be another “perfect fit” down the road later.