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Why Invest in Quetzal?

There are many reasons to invest in Quetzal, the first being the location. Quetzal Condos are located in the exclusive, gated community of Bahia Principe Residence & Golf. This community is only a couple minutes south of Akumal in the Riviera Maya, just a short drive from Playa del Carmen or Tulum.

The second main reason is the development itself; Quetzal Condos has a modern design with beautiful manicured grounds and three swimming pools. It features gorgeous one and two bedroom condos with a large terrace and a Jacuzzi. The condos come with a fully equipped kitchen, state-of-the-art lighting fixtures, granite countertops and marble floors. There is also an on-site concierge at Quetzal.

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For golf enthusiasts, Bahia Principe is home to the Riviera Maya Golf Club, a 36-hole, Robert Trent Jones II designed stunning golf course.

Additionally, all the residents have exclusive, unrestricted access to all four of Bahia Principe’s luxurious 5 star resorts, three off which are beachfront.  The residents also receive generous discounts at all of the restaurants, bars, and shops throughout the resorts and at the spa and golf course.

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Furthermore, Quetzal offers attractive financing direct from the developer. The development also offers a rental pool with the participation of the second largest seller of vacation packages in Europe, something they use to guarantee occupancy for hotels and condos year round. This rental pool will allow you to earn money on your condo when you are not using it.

Still not sold? Well, you are in luck, because Quetzal offers an amazing Fly & Buy program. This unique program lets you try out the lifestyle to see if it the right fit for you before you buy it. The package includes an all-inclusive four day, three night stay at the Grand Bahia Principe Resort, a 5 star beachfront resort. This is an all-inclusive resort so all your food and drinks are covered, such as buffets, snack bars and fine dining as well as daily activities and entertainment. The package also includes a day trip to the Tulum archeological site, green fee at the Riviera Maya Golf Club or a massage at the Spa. Additionally, the package includes transportation to and from the Cancun Airport and an informative tour of Quetzal. The Fly & Buy program is $450 USD per person but if you choose to purchase a property at Quetzal a 100% of cost will be reimbursed (including airfare).

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See for yourself why you should invest in Quetzal!

Now, if you have any question about Quetzal or any of the TOP MEXICO REAL ESTATE properties we have listed in Akumal, the Riviera Maya or anywhere throughout Mexico, please feel free to contact any of our Top Buyer’s Representatives and we will be glad to help you find your very own piece of paradise.

And remember, here at TOP MEXICO REAL ESTATE…

We make it happen!

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Buying on a Budget: Fixer-Uppers

Buying on a Budget: Part 2

In this series, Buying on a Budget, you will learn where, how and what to look for when starting your search for real estate properties. Learn about the Mexico real estate market, how to make your budget and how to decide what kind of real state and lifestyle you are looking for. My goal is to provide you with all the necessary tools so that when the right opportunity arises, you are ready for it, and you feel confident about finding your new Mexican dream home.

In this edition of Buying on a Budget, you will learn the advantages of buying a fixer-upper property. If you are the kind of person who likes to get your hands dirty and take on personal projects, fixer-uppers can be an excellent way to save money. In addition to your initial overall savings, a fixer-upper allows you to invest in smaller chunks throughout the life of the project, instead of paying for everything at once. There are several important factors to consider when investing in a fixer-upper project.

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Savings:

Besides the satisfaction of completing a project, the biggest advantage of buying a fixer-upper is the amount of money you can save. Some brokers in Mexico will cite up to 50% savings on real estate properties that were never properly finished or have been neglected. When considering buying a fixer-upper in Mexico, you will not only need to take into account the cost of the property, but also the total cost of all the renovations that need to be made to the property. Many Americans and Canadians have saved considerable amounts buying fixer-uppers in Mexico.

Important Considerations:

Don’t just invest in a fixer-upper for the savings; make sure you are excited and ready for the project. Before you start looking for the perfect fixer-upper, there are several factors you need to consider.

Renovation Costs:

Renovation costs in Mexico are considerably cheaper than in the United States and Canada. Labor and materials cost less in Mexico. But just like with any renovation project, you want to make sure you hire someone who will do the project right the first time and will get the project done on time and on budget. Ask your real estate agent for suggestions and don’t be afraid to ask your contractor for references. Ask their past clients if they finished on time, came in on budget and about their overall experience and satisfaction.

Property Condition:

To find out if you will actually be saving money on a fixer-upper you need to know the condition of the property. For example, property that is discounted 50% but has significant structural damage and needs a lot of repairs is not as good as a property that might not be discounted as much but only needs minor repairs. Construction styles differ in Mexico more than other parts of the world, and it may be harder to tell if the property’s structure is sound and if it is a good renovation project. I recommend hiring a property inspector to make sure you know what you are buying and what you are getting into.

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Construction Style:

In Mexico, the homes are built different than in the States, which widely use wood and drywall. Mexico homes are constructed using bricks and concrete. The corners, posts, and door and window frames will be constructed using poured concrete reinforced with iron rebar. The interior walls, kitchen counters, stairs, closets and just about anything else, will be concrete blocks. The ceiling is constructed by using either poured concrete, or spaced concrete beams. Many foreigners have never had to work with a concrete home before and that is why when taking on a renovation project it is a good idea to work with an experienced constructor who can see you through the project.

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Renovation Hurdles:

Buying a fixer-upper can be an adventure. Many renovation projects will take longer than expect and have unexpected hurdles. During your renovation project you might run into sub-standard wiring, plumbing or drainage, which will need to be repaired. Unexpected hurdles will add time and money to your project. When jumping into this adventure keep an open mind and expect the unexpected.

Places to Look:

After you have considered all the factors involved in a fixer-upper and decide you are up for the challenge, you can start your search. Fixer-uppers can be found in many places throughout Mexico, but there are a few places where it is more common like in colonial cities such as Merida, Campeche or Oaxaca. Some beachfront cities, including Playa del Carmen, Cancun and Puerto Vallarta have neighborhoods with fixer-uppers. For example in Playa del Carmen, there is a working class community with new hotels and condos a short walk from the beach. In Cancun, most fixer-uppers tend to be in the downtown area. Puerto Vallarta has a few hillside communities where fixer-uppers can be found for good prices alongside of newly built condos.

Buying a fixer-upper in Mexico can be an adventure but it is also a great way to save. Additionally, you will be able to customize your home with your personal tastes and make it just the way you want it.

Keep on the lookout for part 3 of Buying on a Budget, where you will learn about preconstruction discounts and how to make these savings work; it will be released soon!

Now if you have any question about buying on a budget or if you are interested in any of the TOP MEXICO REAL ESTATE properties we have listed anywhere throughout Mexico, please feel free to contact our Top Buyer’s Representatives and we will be glad to help you find your very own piece of paradise.

And remember, here at TOP MEXICO REAL ESTATE…

We make it happen!

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Quinta del Mar is located in the heart of Nuevo Vallarta; just 8 miles north of the Puerto Vallarta International Airport. Nuevo Vallarta is a vacation destination with gorgeous resorts, beautiful condominiums and million dollar real estate homes. People from all over the world travel here for fun in the sun vacations.

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Quinta Del Mar is a luxury beachfront condominium development situated on the beautiful Bay of Banders in the exclusive and gated community of Los Flamingos Estates. The design of Quinta del Mar is one of a kind, mixing semi-circular shapes that provide an open architectural style, mimicking the waves of the Pacific Ocean. The luxury, oceanfront development features a contemporary, modern design inspired by the old Hollywood glamour.

The development features spacious two, three and four bedroom condos with an open concept design that flows through the gourmet chef’s kitchen, dining room, living room, and finally out onto the large wraparound terrace. Additionally, the multiple, large floor to ceiling windows fill the room with natural light and create an open space, perfect for relaxing or entertaining.

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When designing and building this development, Quinta del Mar selected only the best to be showcased throughout their condos. Some of the luxury finishes include Primavera wood walk-in closets and doors with German hardware, Moen Monticello satin fixtures, marble flooring, granite countertops, and top of the line appliances, just to name a few. Quinta del Mar is luxury all the way down to the last detail.

Furthermore, the spacious master bedroom features a balcony and very large ensuite, with a Jacuzzi tub that provides a front row seat to stunning views of the Pacific Ocean.

This gorgeous development spared no expense when creating the beautiful grounds and many amenities scattered throughout. Amongst them, the one of a kind swimming pool, tennis courts, spa, gym, and clubhouse with a bar and grill.

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Quinta del Mar luxury condos start at $701,500 USD. The next time you think luxury, think Quinta del Mar.

Now, if you have any questions about Quinta del Mar, or any of the other TOP MEXICO REAL ESTATE properties we have listed in Playa del Carmen, the Riviera Maya, or anywhere throughout Mexico, please feel free to contact any of our Top Buyer’s Representatives and we will be glad to help you find your very own piece of paradise.

And remember, here at TOP MEXICO REAL ESTATE…

We make it happen!

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Condo-Hotel Life at A-nah Downtown

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Downtown, Playa del Carmen has always provided many coveted and sought after real estate properties. Many want to live in the heart of it all, right smack dab in the middle of downtown, close to the gorgeous Caribbean Sea, the vibrant 5th avenue and conveniences needed to live a comfortable life.

Well, there is a new development that just started construction called A-nah Downtown. This follows their other successful developments, A-nah Playa del Carmen and A-nah Tulum. A-nah Downtown will present all the same standards, quality and luxury of the past A-nah real estate developments.

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A-nah Downtown is a modern, luxuriously designed condo-hotel featuring one and two bedroom condos. These condos come ready to move in or rent out if you so desire. The condos come fully furnished and equipped with everything you need all the way down to the famous A-nah linens. The condo-hotel at A-nah Downtown features many amenities such as:

  • Onsite Concierge
  • Onsite Rental Management
  • Motor Lobby
  • Valet
  • Housekeeping
  • Top of the Line Gym
  • Business Center
  • Rooftop Deck with Views of the Caribbean Sea
  • Rooftop Jacuzzi and Infinity Swimming Pool
  • Staffed Rooftop Bar
  • Meditation Area
  • Tropical Landscaping
  • Floor-to-ceiling Aquarium
  • Underground Parking
  • Private Storage Area
  • 24/7 Security

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Life in a condo-hotel is wonderful. All your needs are taken care of down to the last detail, A-nah downtown has thought of everything.

Live the luxurious condo-hotel life in Playa del Carmen at A-nah Downtown!

TOPMexicoRealEstate.com; Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely. Finding you the best communities in Mexico to live and enjoy the life.

And remember, here at TOP MEXICO REAL ESTATE…

We make it happen!

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Buying on a Budget: Price Reductions & Fire Sales

Buying on a Budget: Part 1

With social security and pensions shrinking, many Americans and Canadians are looking for a way to make their dollars go further; for this reason, many are looking towards Mexico for their vacation properties or retirement homes. Living in Mexico is more affordable than the United States and Canada.

Mexico constantly ranks one of the best places to retire. It has wonderful weather, gorgeous beaches, fantastic food, great people and a strong expat community. Additionally, Mexico has all the modern utilities and services you are accustomed to and need for a comfortable life.

Throughout my years of experience clients have constantly asked me, “is this a good deal?” They want to know that they are getting a great deal and the best real estate property they can for that price.

Everybody comes into the real estate purchasing process with a budget, and they want to know that they are getting the best property they possibly can for that specific budget.

In this series, Buying on a Budget, you will learn how, where and what to look for when starting your search for real estate properties. I will teach you about the Mexican real estate market and show you how to gather all the info you need to make your budget and help you decide what kind of lifestyle what you are looking for. Here you will find all the necessary tools so that when the right opportunity arises, you are ready for it. My goal is to help you feel confident on your journey of finding your dream home in Mexico.

Price Reductions & Fire Sales: How They Work and Where to Look

In general, Mexico’s real estate market tends to be more stable than the United States and many other countries. While each region has differing factors that contribute to the stability of the real estate market – such as population growth, tourism, and others – properties in Mexico tend to hold their value. Fluctuations do occur, but nothing like what happened a few years back in the United States.

Mexico has stricter loaning policies which contribute to the market’s stability. Also, in Mexico, the seller usually prefers to wait things out than to reduce the prices and sell in a hurry. This means you can feel confident in your real estate investment’s future value. In addition, when you do find a price reduction, you can feel confident that you really are getting a good deal. An excellent price reduction on a very nice property is a great way to save, if you know where and how to look.

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The Main Reasons for Price Reductions in Mexico:

Even in Mexico’s stable market, price reductions happen. There are basically two reasons for this:

  • A Market with Many American Buyers:

There are several places in Mexico where a large number of people from the United States bought homes prior to the U.S. housing crisis. This group of people, in many cases, over-extended themselves. These were often second homes or vacation homes, meaning it would be the first property they would try to sell off; sometimes, at prices considerably lower than what they had paid. This is not the case in all tourist locations, but can be seen in places such as the Rocky Point.

Why is this a good option?

First of all, you can get a property with excellent amenities (pools, gyms, top of the line appliances) at a much lower price than they would usually be worth. Furthermore, the property value could rise. Housing markets in the United States have not only yet to turn around, but are also seeing a good appreciation; factors like these show good potential for many of the expat real estate markets in Mexico over the next decade. You should consider possible growth and appreciation for the Mexico property over the next 3 to 5 years. While you should not make your decision count on this, if the property value does increase, consider it a nice perk.

  • Personal Motivations:

The other main reason is that the seller could have a personal motive to sell off the property quickly, causing them to reduce their price. They could have personal financial pressures, a personal crisis, maybe they bought a new property and need to sell the old one quickly; there could be a number of reasons why the seller needs to get out of their financial obligation fast.

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Why is this a good idea?

These properties are usually priced lower than the market value. Occasionally, you can receive automatic appreciation on your property just because of market value. The reduction can be quiet substantial, depending on the motivation behind the seller and the need to sell their property quickly.

How to Search for a Price Reduction:

Know the market – Get to know the market in the area you wish to purchase in. Search listings, see what they are going for and the kind of properties available. Top Mexico Real Estate has a very thorough online listing databank, making it easy to become familiar with what’s out there from the comfort of your own home. This will give you an idea if the market is low or strong, and you need to look for a deal that is below the market value.

Special online listings – Many Mexico agents will have special online listings that include fire sales or price reductions like the Top Mexico Real Estate’s Top Deals. These listings will usually indicate the original asking price, when the property was reduced and what the price is now. This will help gage the deal.

Experienced agent who knows his market –The Mexico real estate market is different from the market in your home country, making it harder to tell if a property is worth the asking price. A qualified and experienced agent who knows the market can be your best resource to helping you identify deals.

You should feel confident in your real estate agent. Look for an agent who has good credentials, excellent references and who knows the market place. Keep in close contact with your agent and carefully consider their suggestions.

Tips about Price Reductions:

Don’t Be Pressured – Don’t be pressured into a deal that you are not comfortable with, or jump in too quickly without all the information you need to make a good decision. Remember that losing a deal is not the end of the world. Working with a good real estate agent who can help you use caution when needed or jump in when the timing and property is right makes all the difference.

Move quickly, the smart way – When it comes to price reductions, there will be times when you need to move quickly to get the property before someone else does. Nevertheless, you shouldn’t be pushed into a decision. Rather, if you are working with the right agent, you have done your research and are presented with all information available, you can then make an educated, confident decision and move quickly the right way.

The right property might not have a price reduction – You and your agent find the right property, but it offers no discount, reduction or deal. Well, if it fits in your budget and happens to be the right property for you, you should buy it.

You need to feel comfortable and confident with the property you are about to purchase, making sure it is the right fit for you and your budget. Even if there is not a price reduction on the property you will still enjoy many savings by living in Mexico such as property taxes, HOA fees, insurance and the cost of living.

Price reductions in Mexico are an excellent way to buy on a budget. They are out there and they can present substantial savings. It is important to work with an experienced real estate agent, do your research and be informed, so that when the right opportunity arises you are ready for it.

Keep on the lookout for part 2 of Buying on a Budget, where you will learn the fixer uppers; it will be released soon!

Now if you have any question about buying on a budget or if you are interested in any of the TOP MEXICO REAL ESTATE properties we have listed anywhere throughout Mexico, please feel free to contact our Top Buyer’s Representatives and we will be glad to help you find your very own piece of paradise.

And remember, here at TOP MEXICO REAL ESTATE…

We make it happen!

We would like to thank Quetzal for sponsoring this blog. Quetzal is a new development in Bahia Principe. To learn more about Quetzal, please click here.

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