Buying Cancun real estate is an exciting experience; your dream of owning a condo overlooking the turquoise Caribbean, or a home a short walk from the beach is finally coming true! There are so many great options – it's not quite the way you remember buying a property back home, but that's OK, it's Mexico, right?
Wrong! While buying Mexico real estate is definitely different from buying back home, and buying real estate in Cancun is definitely different from buying in a colonial city, for example, it is risky for you to fall into the trap of thinking that unusual processes, or "skipping some steps" are OK, just because your Mexico.
As one broker put it, "Don't leave your brains at the border."
Your job as a buyer is to become familiar with the processes here in Mexico, see how they are different from back home, and make sure you know and follow the correct steps. One powerful resource you can use to help you do this is the e-book Top Mexico Real Estate Guide: Buying Safely, available for free download online.
This e-book outlines the basics of buying in Mexico, the processes involved, and the differences between Mexico and places like the U.S. or Canada, as well as differences between different regions within this country. For example, did you know that to own property in Cancun you need a special bank trust? In Lake Chapala, for example, you do not. The guide explains why, and how each option gives 100% legal ownership. It also touches on legal points, and give general estimates of costs involved in completing a real estate purchase.
One of the most important points of this real estate guide, however, is the recommendations in forming a professional and capable team of experts who will guarantee that your property is transferred legally to your name, following the correct procedures, and who will help you through the process safely, minimizing unnecessary risks.
A central player will be your agent, whose experience in other transactions will allow them to refer you to other professionals you need to work with. This e-book outlines steps you should take when choosing your agent to make sure you are working with the person most qualified for the job. With your qualified, professional agent in place, and professional information at your fingertips, you will be set to enter the purchasing process with founded confidence, and not not just a blind trust that "it's OK, since you're in Mexico."
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely