If you are considering buying Cancun real estate, you have a few options on how you could go about it. One is that you could just search and go for it alone. Another is that you can work with the first agent whose name you see on a sign. Or, you could do some research and work with an experienced, qualified professional who knows the market and processes best. You can probably guess that the third option is the best! The following are 5 solid reasons to go this route!
1. They know the market
Like anytime you buy in a market area that you don’t live in, an agent who lives and works there every day will know the market best. They will know about the best deals in condos on the beachfront, or, if you’re interested, they will also know where to find beautiful homes for a good price in the downtown area.
2. They know what buyers have liked
When you find the right agent, basically you will just need to tell them about your dream of living in Cancun. Do you imagine a balcony overlooking the beach? A nice home close to shopping? Is it for vacations? Retirement? Family relocation? They will do the rest. They have seen what works well for dozens upon dozens of buyers and will have a very clear idea of where to look for some good candidate properties for your needs.
3. It’s a different country
Buying real estate in your home town is one thing; buying in another part of your own country is more complicated, and buying in a different country is just a whole other ball game. For example, there may be a great property available with details in Spanish and prices in pesos. A professional agent working in the market will be able to identify these and other properties and translate, convert and transfer that information for you.
4. Business practices, contracts & processes are different
In addition, business practices and etiquette are different in Mexico. The same is true of contracts and processes for closing, registering properties, etc. Cancun has an extra step since buyers need to own by means of a Bank Trust. The process is simple – if you’ve done it before.
5. They are looking out for your best interest
An agent working on your behalf will be representing your best interest, helping you find the best property and giving you objective information.
My advice; take some time right now and find the right agent – one who is professional and experienced.
Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
Region: Mazatlan real estate Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.
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