I want to sell my home in Rocky Point. What now?
Many clients have called me and asked, "I’m ready to sell my home in Rocky Point, what now?" Here’s what I always tell them: Puerto Penasco properties sell fast with the right Realtor in your corner.
Selling in Rocky Point Can Be Tricky
Word has definitely gotten out that Rocky Point is an amazing destination that offers not only fun, sun, and local charm, but also a plethora of real estate investment opportunities. Needless to say, if you’re currently looking to sell your home or condo, now is the perfect time.
Selling property in a foreign market can be a complicated process. Issues like Capital Gains tax and ownership of property can make a positive experience a negative one really fast if not handled properly from the beginning. For instance, you may not be aware what your tax liability will be upon closing. It’s different here than in the US. In Rocky Point, you could be looking at a tax liability of either 20% of the declared value of the transaction, or 28% to 30% of the net gain (and here you are allowed to deduct the cost of any updates or improvements you’ve made to the property).
When is the Best Time to Sell a Home in Rocky Point?
Now is the absolute perfect time to sell a home in Rocky Point because there is such a huge demand for homes, condos and investment properties. Currently, global increase in tourism is estimated to be in the single digits. But growth in tourism in Rocky Point is now at a healthy 14%. And many industry experts are saying this growth shows no signs of slowing down anytime soon.
Beyond that, there tends to be a surge in tourism during winter months, as this is when many snow birds come to escape the harsh winters back home. Some of these people, who have been coming to Rocky Point for years, may decide that buying property makes more sense than wasting money on rent. So, January through April is a great time to sell your property.
Having a knowledgeable and experienced agent on your side can make all the difference when it comes time to sell your Rocky Point home or condo. I and my teammates at Rocky Point Best Real Estate Services will work diligently to make sure you understand the entire process and help eliminate any confusion. We work on your behalf to handle all of the local red tape and negotiate the best deal possible.
We handle sales throughout Puerto Penasco, including Sandy Beach, Las Conchas, Playa Encanto, Cholla Bay, Playa Mirimar, Mayan Resorts and Santo Tomas (just 60 miles south of Rocky Point)
I love working with people and am always happy to answer any questions you may have. I make myself available to you throughout the entire process to ensure it’s as smooth as possible!
Do you have a house or condo that you’re considering selling? Let’s connect so I can get you the best deal possible.
Email me at Chris@rockypointbest.com or call me on 480-216-6749