Real Estate Articles

We asked five local real estate agents for their most important piece of advice when purchasing or selling real estate in Mexico. They all agreed - work with a highly experienced, trusted, and licensed agent We asked four local real estate agents for their most important piece of advice when purchasing or selling real estate in Mexico. They all agreed - work with a highly experienced, trusted, and licensed agent. AREA International Real Estate recommends doing your research and using a professional agent previously licensed in the U.S. or Canada. “Mexico is currently changing its real estate licensing laws. This is a much-needed change because in the past, there were no license requirements. Formally educated and licensed realtors understand how the buying and selling process differs between U.S.-Canada and Mexico. Ask your potential agent for client references and contact information. Over the past few years, we have dealt with many home buyers who believed their property purchase was completed at the time of closing only to find out, after trying to sell their property, the closing was never complete. Unlike Mexico, in the U.S. and Canada, it is standard practice for the escrow title company to complete all details of the transfer of ownership. Working with a professional real estate agent who has legally practiced real estate in Canada or the U.S. can help ensure that all the necessary steps to closing are completed”. Bjoern Koch Website: www.area-international.com, www.rivieramayarealestateservices.com Top Mexico Real Estate advises consumers to use a full time professional team with experience and a qualified support staff. “Find an experienced and knowledgeable buyer's representative real estate team. One who speaks the language, knows the business culture and has many years of experience in the Mexican real estate market. Look for a full-time real estate professional, with proper credentials, who has a qualified staff supporting them. Look for a realtor who has the appropriate diplomas, certificates and licenses. In the state of Quintana Roo, a new registration of realtors is now required. Additionally, university real estate degrees in Mexico and federal professional identification number are encouraged. Do not be afraid to ask for testimonials from past clients. Your buyer's representative should be looking out for your interest and supporting you during the buying process”. Thomas Lloyd Website: www.topmexicorealestate.com Investment Properties Mexico highlights having the right people, including a reputable attorney, is key to a successful real estate experience. “Having the right people on your side is so important. Buyers should always work with a team of experienced, knowledgeable, professional realtors who can guide them through each step of the process. Equally important is the need for buyers to work with a reputable local attorney who can represent them personally and protect all of their real estate and legal transactions. Trusted professionals can also save buyers money and lock in the best possible prices, since they are aware of the most competitive costs and fees, as well as the best deals on the market”. Richard Houghton Website: www.investmentpropertiesmexico.com/playa-del-carmen-real-estate Coldwell Banker advises you work with someone you trust who can help ensure a clean title for your property. “The most important advice when looking at investing in Mexico is to work with someone you know and trust. The market is full of opportunities for willing investors and we've seen consistent growth and appreciation in the Yucatan for years, with Playa Del Carmen being one of the fastest growing cities in the world. Tulum has quickly become one of the most desirable destinations. When purchasing new land in Mexico clean title is the first and foremost concern. At Coldwell Banker we guarantee clean title on purchases up to one million U.S. dollars, while we help potential buyers find the right property for their needs.” Maximilian Vinograd Website: www.playa.coldwellbanker.com.mx Executive Realty Executives stresses the importance of evaluating current market conditions and how to choose a Real Estate Agent and Brokerage. “There are many factors that come into play when deciding the best time to sell your home. A licensed real estate agent can show you the precise current market conditions in your area, from the listing count, to the number of traditional sales, distressed sales and new home sales in your area, as well as builder permits and inventory supply data. Examining how this information fits in with your unique timeline, financial goals and your property equity will help you answer the question, Is now the right time for me to sell? Once you have decided that you are ready to sell, carefully selecting a brokerage and an agent will save you time, money and hassle. This is the time to ask a lot of questions. Your friends, family and neighbors are a great source for referrals. Finding an agent that specializes in your area with experience listing and selling homes in your price range is important. A real estate professional that belongs to a reputable brokerage and local board, and can readily share with you their business plan, mission statement, client testimonials and marketing plan, along with a detailed comparative market analysis and complete property profile is one who has done their homework and is well-equipped with experience and knowledge.” Enrique Dominguez M. Website: www.RealtyExecutivesRivieraMaya.com