Mexico Real Estate

Not quite ready for that Mexico retirement But if you re planning your future in a sunny place, now is the time to get the ball rolling. Join the multitude of buyers doing just that.

Mexico Condo & Pre-construction Opportunities

In the last few years the variety of options for second homes and retirement homes in the Cancun real estate region and the Riviera Maya area has increased to enormous proportions. This boom in the Cancun condo market and the pre-construction opportunities provides options for different lifestyles and tastes. And with more options available, developers are becoming more competitive, offering more amenities and better finishings.

This competitive market has also opened the door for more flexible payment plans. Over the past few years, most developers throughtout the Mexico real estate industry required an initial down payment, maybe 25-30% and then the balance paid in equal installments over the construction period. This scenario made it difficult (and undesirable) for most buyers.

Finally some savvy developers are offering more accessible plans, with an initial down payment and the balance upon delivery and title. With this type of payment plan, buyers can apply for long term financing. There are now many banks and Mexico mortgage companies offering financing for US and Canadian citizens.

And now with the credit problems in the US, many developers are rolling back prices to spur sales. Since there are lots of options available for buyers, they are starting to realize they need to be competitive with pricing. Because of the devaluation of the peso, many are switching their pricing schedules to pesos, making it even more attractive for US buyers. With the currently high Mexico exchange rates, buyers can get more for their dollars in this market.

TOP 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 Graduate from Purdue University Business School with a degree in Management/Financial Option Investment.  He has been living, investing, and working in Mexico for over 15 years.  A Mexican certified & licensed realtor, he is the current president of TOPMexicorealestate NETWORK     "Our experience at work protecting your interests"  (512) 879-6546.

Find out how to protect your good faith deposit and Mexico Earnest Money.

Your ready to buy your piece of paradise, but handing money over to someone you don t know in a foreign country is a scary proposition. So how do you protect yourself from a fraudulent situation

Purchasing property in the Cancun real estate market and even in all regions of the Mexico real estate market is a quite different process than in many other countries. And when it comes to handing over deposit money, many buyers make the mistake of leaving their good judgment at home; thinking this is Mexico and this is how business is done here.

Most of those trustworthy buyers have purchased without problem, but there is always a risk. It is not necessary to have a Mexico Real Estate license to sell propeties So it is important to know who you are dealing with and how to protect your interests.

Mexico Escrow Services

Although not widely used in Mexico, escrow services are available through well know US companies and should be your first choice. There is a fee, but the protection it offers is well worth the extra expense.

Escrow is mostly used for re-sales but the property owner must be in agreement This can sometimes be an obstacle as some Mexican owners do not understand the concept of escrow. In most cases the listing broker can convince the owner if it is properly presented.

Mexico Broker

This would be the next option only if the property owner will not accept escrow deposit. Either the listing broker or the buyer s broker holds the deposit. This is more of a risk, so ask for references and DO CHECK THEM.

Mexico Developer

Most developers will not accept escrow deposits as they use incoming funds for construction. Deposits may be refundable or non-refundable (before the contract is signed) so do ask. It is important to work with a broker that you trust to present you with projects by developers with a proven track record.

The Mexico Property owner

It is customary for the initial deposit to go directly to the owner in the case of a re-sale. This is very risky and I do not recommend this situation. If unavoidable, do so in conjunction with your OWN Mexico real estate lawyer, following his advice so he can make sure you are legally protected.

TOP 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 Graduate from Purdue University Business School with a degree in Management/Financial Option Investment.  He has been living, investing, and working in Mexico for over 15 years.  A Mexican certified & licensed realtor, he is the current president of TOPMexicorealestate NETWORK     "Our experience at work protecting your interests"  (512) 879-6546.

Will you find slashed prices on Cancun real estate properties just like in the suffering US market Find out the reality of the current Mexico real estate market conditions.

Every day I am receiving more and more inquiries aboutdistressed property scenarios. Many savvy investors have shifted their interest from Mexico pre-construction flipping since we are no longer in a profitable market for that type of investment. Now those with keen vision are looking for properties priced under market value. Those sharp investors know that now is the time to buy. Experts in Mexico real estate know the rule.. the best time to buy is when every one is selling and sell when everyone is buying.

We are truly in a buyer s market since we are seeing price reductions on many properties in the area, reflecting the current market conditions. However, the situation here in the Mexican Caribbean is very different from the troubled US market.

Since financing in Mexico has not been easily obtained to purchase real estate, most owners have paid cash for their properties. This means that we do not have foreclosure situations on these properties. There are definitely owners who are motivated to sell and are pricing their properties accordingly, but don t expect the slashed prices like in the US market.

If you are looking for a great investment or a second/retirement home, now is the perfect time to buy real estate in Cancun and the Riviera Maya. Since there are many new developments in the area, some developers have started to roll back prices to reflect the slower market. Also we are seeing price reductions on re-sales. This is certainly an opportune time to get great deals on properties here in the Mexican Caribbean. In other words, bad markets offer great opportunities if you know what you are investing in. If you are looking for a good value vacation/retirement home that doubles as an investment you can't go wrong. And considering the poor options for investments in the US, it may be the best time to park some of your money in real estate in Mexico.

TOP 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 Graduate from Purdue University Business School with a degree in Management/Financial Option Investment.  He has been living, investing, and working in Mexico for over 15 years.  A Mexican certified & licensed realtor, he is the current president of TOPMexicorealestate NETWORK     "Our experience at work protecting your interests"  (512) 879-6546.

A good friend and client of mine has asked for an update on the Playa del Carmen, Riviera Maya, and Cancun beach recovery update If you recall we wrote about the Beach recovery project back in  September within our Mexico Real Estate blog Today, this is the latest update that I have been able to find:

There are basically six companies that have bought into the bidding process to see which of these companies wins the nod These companies have finished their” on site” visits to the Playa del Carmen, Cozumel, and Cancun beaches Another update is that where before the quotes were to be listed in US dollars, the government has requested a quote in pesos given the Mexico exchange rate variances

The sand to be utilized for blowing up onto the beaches will be drenched from a large sand bank located on or near to the Cozumel island So, at this time, the project continues forward We are not on the same time line, but the phase of physical visits from the bidding companies has completed, and now those companies are sharpening their pencils to see which group wins the contract to begin their services.

TOP 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 Graduate from Purdue University Business School with a degree in Management/Financial Option Investment.  He has been living, investing, and working in Mexico for over 15 years.  A Mexican certified & licensed realtor, he is the current president of TOPMexicorealestate NETWORK     "Our experience at work protecting your interests"  (512) 879-6546.