Jeff has been the featured real estate agent on five episodes of some of HGTV’s most popular shows.
Previously licensed in three states, Jeff brought five years of U.S. experience to Cabo, where he’s been helping clients buy and sell homes since 2013.
Having personally bought, sold, and built homes in Cabo, Jeff understands the local process inside and out so he can guide clients with confidence.
Jeff takes the uncertainty out of buying and selling in Mexico, educating clients at every stage to ensure a smooth, informed, and stress-free experience.
Jeff Schmidt moved to Cabo in 2013, and since then he has helped hundreds of clients buy and sell more than $100s of millions in real estate in Los Cabos. He was born in Minnesota, where he earned his bachelor’s degree from St. Cloud University; he then earned his Master’s degree from UNLV. Since then, he worked in the mortgage industry and was licensed to sell real estate in California, Nevada, and Minnesota.
Known for his transparency and in-depth knowledge, he ensures clients fully understand every detail of the buying process—from HOA fees and closing costs to fideicomisos and property taxes—so there are no surprises or hidden fees along the way.
Buying a home or condo in Mexico is similar to buying property in the United States. However, there are two key differences that you will see in Mexico. First, foreigners can buy property in Mexico, but the title to the house is held in a renewable bank-held trust, called a fideicomiso. Second, buyers in Mexico can expect to pay an additional 3% acquisition tax during the closing for the property.
| Stages of the Buying Process | USA | Canada | Mexico |
|---|---|---|---|
| Make an Offer | ✓ | ✓ | ✓ |
| Secure Financing | ✓ | ✓ | ✓ |
| Home Inspection/Negotiate Repairs | ✓ | ✓ | ✓ |
| Accepted Offer | ✓ | ✓ | ✓ |
| Open Escrow | ✓ | ✓ | ✓ |
| Closing Costs | 3-3.5% | 3-3.5% | 2-3% |
| Acquisition Tax | 0 | 0 | 3% |
| Closing/Final Walkthrough | ✓ | ✓ | ✓ |
| Fideicomiso (Bank-held Trust) | ✓ |
