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Buying Mexico Real Estate in Playa del Carmen – Key Steps


Thomas Lloyd,  Broker By Thomas Lloyd
2011-04-18

When you choose to buy Mexico real estate, and you've chosen Playa del Carmen as your top location, there are a certain steps to follow to help make the purchasing process go smoothly. The following the key steps to follow, in order.

Consider your budget. This is the only truly "preliminary" step you need to do on your own. Making sure you know how much you have available as a down payment, for monthly payments or for a cash purchase will help your agent identify appropriate Playa del Carmen homes for sale quickly, not spending time viewing properties out of your price range.

Find an agent. With this basic information, you can now take what is quite possibly the most important step; finding a qualified, experienced and reliable agent. If necessary, it's OK to take some extra time here. Working with the right agent and a professional office will save you a good deal of time, head aches and even money later on.

Consider property types and locations. To begin with it's not 100% necessary to know if you want a home or a Playa del Carmen condo for sale. You may wish to explain to your agent how you imagine life in Playa del Carmen, what your experience is in the area, and what your budget is. Leaving your agent to make suggestions with a bit of flexibility may allow them to present you with a better variety of property options; you may also be pleasantly surprised to find a property that's perfect, but isn't what you imagined at first.

Plan your purchasing strategy. Of course, when you consider your budget, you will have an idea of whether you are buying in cash, with short term financing or long term financing. Communicate with your agent. If you are looking for long-term financing, they will be able to suggest a bank to work with in Mexico, or properties where the developer offers financing. Mortgages are available in Mexico.

View, evaluating and choosing properties. Be sure to ask your agent for a property "check list," so you know what to look for when inspecting a property. Construction methods are different in Mexico, and some systems work differently. Your agent can help you in the process of evaluating properties' appropriateness, and their physical maintenance.

Make offers. This part of the process isn't too different from anywhere else. Even if you are buying a preconstruction condo, you may be able to negotiate the price, or negotiate some extra features. If prices are really competitive, this may not work, but ask your agent if they believe it's appropriate to negotiate.

Finally, the closing process will be managed by your broker. Working with a reliable agent will make all of this that much easier and smoother, which is why the second step is so important.

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.

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