David Archer Playa del Carmen Real Estate

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David Archer

The simple 4 steps to buying in Mexico

Tens of thousands of people love this area of Mexico from Cancun to Tulum and Cozumel.

Many have misconceptions or some fear of the buying process and it is not complicated if you work with a good buyers agent and attorney.

1. Budget, this always controls final location. 200k can get you 4 blocks from the beach in Playa $400 will get you on the beach.

It is important for a buyer to have cash or a mortgage lined up as only 3% of builders or sellers do finance at all.

2. Location, looking for condo or home, if you have a specific area makes it easy for the agent to find best options to match.

3. Timing is important and affects your purchase. Today is a buyers market but in 4 weeks the season starts and sellers will be more firm as buyers flood in for the next 6 months.

4. Flying in to view homes or secure over the internet. many buyers are very savvy so when they see a deal and timing is good for them, great buys can be had by moving quickly. or I have many sales where the buyer knows the home and secures the sale with a $10k deposit to escrow, yes we have escrow and Stewart Title for closing escrow or title insurance.

Buying is not complicated in Mexico pending what you are buying and checking the status of the Title.

If you need guidance, just let me know the basics, budget location and when you are flying in, I will walk you thru the rest and have fun with Real Estate shopping. 

 

 

Published Monday, November 30, 2009 10:11 AM by David Archer

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