In the past year I have been contacted by 46000 potential buyers yet I notice only 1% of them actually bought their dream.
Here is a summary to help you decide if you are ready to buy a home in Mexico.
Am I ready for change, do I want to spend time and slow down in Mexico?
Am I financially able to buy a home offshore?
This is a very important question because you do need cash or a bank prequalification to be abe to own in Mexico.
Will moving to Mexico part or full time be a good move?
Of course it will, great lifestyle lower costs, more family time, great investment, average home yields 15 to 25% appreciation a year.
Do I fear buying in Mexico?
Yes, this is normal, you need to find a good agent and a good Real Estate attorney or Notary to answer your fears and and you will
realise there was no need to fear anything with local knowledge.
Will I and my wife be happy with the cultural change or are we not ready?
This is a biggie but Mexicans live a simple happy life and if youve been coming down on vacation for many years you already know this,
I have grown to enjoy the FREEDOM this land and people have, low costs, great medication/doctors, low taxes etc.
I want to move to Mexico today but my wife does not?
This is a problem so come to a compromise, try it for 1 year, if its a no go sell and go back to the States, at least you would have tried
and grown from the experience.
Will we save money by relocating to Mexico?
Of course you will. Many Americans are telling me they spend between $5 and $10k a month just to live a decent life in the USA, here with a family of 4
we spend under $2k and live a great lifestyle. I will write a full article on this topic shortly. You can still buy a home here in Playa del Carmen for 100 to 150kusd or a beachfront mansion for a mil.
Would we be wise to buy now and be able to rent and not end up losing when when we sell?
Yes. A typical house 3 bedroom 1400 feet new cost $65k in 2007, in 2008 went up to $95k. 2009 same house $135k.
Rental income is pocket change but this same house gets $900 a month income but REALITY IS APPRECIATION, most of my clients
decide not to rent as they know appreciation is worth 4x rental income and hassles. This is a very high rental location if you want income.
We have been waiting 2 years to buy and we have cash just waiting for the right time?
So are 30000 other Americans and Canadians. Last year I had 11 properties under 100k, today only 1. I have seen even a simple nice condo move up 45% in 1 single year. REALITY IS DEMAND FAR EXCEEDS SUPPLY. if 30000 people are wanting to buy here and we add another 50000 wealthy Mexicans, there is not enough supply to meet demand hence prices will just keep pushing up but there are occassional execellent buys that come and go in 7 days which I call steals and deals, on my website.
Please feel free with any questions and if you are serious and qualified to buy I will be glad to work with you,
Mexico is a wonderful country and I am content here even though I have been a travelholic for 25 years.
I refuse to live in the USA Canada or Europe because I like a warm butt in winter, low taxes and a FREE lifestyle.