When buying real estate in Mexico, whether it is for retirement, vacations or pure investment, whether you're new to real estate or experienced, it is of highest importance to know about the Mexican purchasing process to ensure that you are completing your transaction safely.
There are two main steps in doing this; one is to consult a Mexico real estate guide to get a feel for the processes and information you need, and the other is to work with a professional and experienced team, which will be centered around your Mexico agents.
Guides for the basics of buying Mexico real estate can be found on-line as free e-books, the best of which are prepared by industry professionals with years of experience. They cover a large variety of topics, including:
steps to be followed in the process of acquisition
contracts to be used
items necessary in contracts
payment schedules for preconstruction
choosing an agent and other professionals
the role of these professionals
The detail of this information will provide the basics, making you ready to begin a purchasing process knowledgeable, and ready to identify and avoid the most common pitfalls.
The second last point on the list – choosing an agent – is perhaps the most important. While finding an agent is easy enough, it's important for you to conscientiously choose an agent based on qualifications and reputation of their office. You should ask about credentials, membership in Mexico's professional real estate association (AMPI) and experience of the office.
In addition, you should ask for references. Many people buy in Mexico and are provided with excellent service; others don't do their homework and end up with one of those "horror stories." These stories can be avoided, and talking to your agent's past clients will help a buyer to see that they are dedicated to guiding them through the process safely.
After you have found a qualified, experienced agent to work with, this same agent will point you to other professionals, such as a lawyer, a notary public and a bank officer (if you need a mortgage) who will play key roles in your safe real estate transaction.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely
Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
Region: Playa del Carmen 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.
Find Thomas Lloyd on Google+