The Latest TOP Deals in the Mexico real estate market

I have been receiving the following question quite often in the past several weeks about the Mexico real estate market and my region where I work;

“With so many negative stories on the news about Mexico lately and the recession occurring in the world economy,  shouldn’t I wait to buy and invest in the Playa del Carmen real estate market until things become better?

I will share my opinion on this question little later down below in this post….

First, because of the situations stated above and their possible effect in our market, our agents are out there searching with eyes wide open for any deals that appear.   We have been compiling a TOP DEALS LIST updating and searching for any reduced priced properties in Mexico.  If you want to be the first to have notifications of any NEW TOP DEALS listings that our team runs across,  sign up right away by clicking here (real estate deals).

One of our agents arrived about two months ago where a person had a condo for sale on the beach.  The buyer had cash and willing to pay about 8% below the listed price.  As I became involved in the transaction, I had a conversation with the seller who was asking my opinions.  “I have been talking with some people and feel that I should probably try to get another $20,000 or $30,000 dollars for my property, what do you think?”
I reviewed the situation, there were several other condos for sale in his building, last sale had occurred over 8 months ago and several other factors that I compared before coming to a simple recommendation.      “If you want to make money in today’s market,  make it when you buy…. it will be easier to cash out now, and reinvest into a TOP DEAL and that is where you can make your money”

Mexico’s real estate market has been shielded from the strong downturns faced by many of the real estate markets of their northern neighbors.  Much of this shield can be attributed to the less dependency on financing from the buyers when buying properties here in Mexico.  In other words, the majority of the demand for real estate here in Mexico is more acid… more liquid versus the demand for real estate in the United States which is generated to a greater extent from borrowed money.   So overall, the downturn did not hit this market to the same degree as the current situation in many states such as Florida, Arizona, Michigan and many others up north.

With that said, there are deals to be found.  Since TOP Mexico Real Estate specializes in clients who are Americans, Canadians and Non-Mexican,  we do meet a larger amount of people who may have  an urgency to sell then our normal market.  With the recession going on for a second year, we have found several quite interesting properties for sale.

Here in this site you will find a list of properties that have been reduced over 15% from their original asking price.  (link)   Most of the properties are in the Riviera Maya region, and over the next various weeks you will also see an incrase in properties from the other zone as the other Top Mexico Real Estate brokers begin completing their lists.

And keep your eye open for more stories here on this blog to explain how you as a TOP DEAL  subscriber,  can learn how to identify, how to review the documents, and some helpful strategies to exercise on these purchases to avoid excessive taxes which will only add more onto your bottom profit line.

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. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree and Mexico Professional Real Estate License S.E.P. #5978657. He is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company’s web site www.TOPmexicorealestate.com NETWORK

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