Are you thinking about buying a Mexico condo for sale? If so, there are some interesting facts you can find in Mexico real estate guides; to give you a taste, here are a few interesting points that you will want to know about!
Did you know that …
to own a condo near the beachfront, you need a bank trust?
To own a property within 30 miles of any coast or 60 miles of any international border, non-Mexicans must hold the property through a bank trust. This is perfectly safe and easily maintained at a relatively low cost.
that same bank trust actually offers you some interesting advantages?
Even when it’s not required, some buyers choose to hold a property by means of this bank trust. It makes inheritance easier and more straight forward (especially if the heirs are also non-Mexican) removing several legal steps by listing them in the trust as beneficiaries.
condos can be found in all price ranges?
There luxury beachfront penthouses that can cost a million or more; there are also comfortable 1 or 2 bedroom condos that are well below $100,000 USD! Many of these are just a couple of blocks back, but at times they can be found directly on the beachfront. Condos in non-beach areas tend to cost less as well.
most locations will offer condos for sale?
Whether you want life on the beach, in a colonial city or a small lakefront town, comfortable modern condos are available for those who prefer them.
excellent deals and price reductions are available on condos?
While Mexican prices tend to be fairly stable, there are very good opportunities in price reductions and fire sales for condos in many different locations. These offer savings and often even investment potential.
pre-construction condos can offers savings and investment potential?
The same can be said for pre-construction discounts.
mortgages and financing can be found?
Sometimes, mortgages are available in Mexico for non-Mexican buyers. At all times, developers are offering short term financing options more and more frequently.
maintenance and HOA fees are generally very low?
HOA fees are typically around $100-$150 a month (depending on the value of the property). Fees for similar properties can be well over 5 times the amount back in the U.S. or Canada.
Getting information that is necessary and that will help you make your dream of owning a condo in Mexico reality is an excellent first step!
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