Home

Mexico Real Estate Articles

Real Estate Articles

Making the Right Mexico Land Purchase – Working With Your Agent


Thomas Lloyd,  Broker By Thomas Lloyd
2011-03-21

There is a good deal of Mexico land for sale which offers buyers an excellent investment opportunity, whether it be in terms of resale or savings. While not all land sales are ideal, buyers who work with an experienced Mexico agent can confidently invest their funds into land in most market areas.

 

In some market areas, such as Tulum, land is simply the property type that most people buy. As a newly emerging tourism and real estate area showing excellent potential for future growth, it makes sense.

 

In other market areas, however, where land prices have already risen due to the pressures of growing tourism, a growing community, and booming business, buyers may hesitate, wondering of the land they are buying is a good deal, of if they would be better off with a condo or completed home.

 

Even in these areas, however, excellent land purchases can be found; the fact is that the community's growth is usually happening in newly developing and newly emerging areas of the region. The trick is to know where these areas are.

 

This where an experienced and qualified Mexico agent comes into play. The agent's experience will offer the following advantages:

 

Knowledge of the area and the market. They will be familiar with the buying trends and growth trends in the area, and will be able to recommend places where land combines good infrastructure and nearby services with competitive prices.

 

Familiarity with similar projects. They'll probably have past clients who have bought land to build a a home, and will either be able to comment on the costs and processes involved, or point you to someone who can. They may also be familiar with cases where a buyer found the costs of building to be higher than expected, and will be able to advise you in the case that land purchases do not seem to be the best option for your purpose.

 

In addition to experience, it is important that the agent has access to clear information about Mexico's laws. Since the legalities of ownership differ in Mexico from in other countries, it is important that your agent can advise you on these. If you are buying for the sake of investment or to save on your dream home, the last thing you need is a series of expenses arising out of unexpected legalities.

 

If your agent is familiar with the processes and legal aspects of real estate in Mexico, however, these issues will not arise in your purchasing process; they will only present properties to you that are fully titled and available for sale.

 

Don't hesitate to invest in land in Mexico; but, as with any real estate transaction in another country, be sure you are working with someone who will guide you through the process safely.

 

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+

 

Thomas Lloyd, call2