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Everything you need to know about buying and selling real estate in Mexico, Puerto Vallarta, and the Banderas Bay region

Cash vs Pre-Construction Loans

Real Estate Financing in Mexico

Private Lender or Mexican Bank Mortgages or Developer Financing in Pre-Construction. Reduce Your Risk by Conducting Due Diligence. Mexico’s real estate market is almost entirely a cash market. Individual sellers most often have paid cash themselves, and they need cash back at closing. In this case, you need all cash, or you may be able to qualify for a Mexican Bank loan or a private lender.

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Expats and Mexican Real Estate

North American Real Estate Connections

North American real estate connections (Mexico, Canada, and the USA) have many similarities besides their obvious physical proximity. Their citizens move back and forth between all three for business and pleasure. Each of the countries rates the others at the top of their list for second homes. Currently, Puerto Vallarta is enjoying an important first position for expat interest in Mexico. With popularity, comes visibility and the potential for many individuals and businesses in the chain to benefit personally and economically. With visibility, come scrutiny. With scrutiny comes responsibility.

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Comparables, Escrow and Legal Advice

Three Priorities for Buyers of Mexican Real Estate

Priority 1 – Comparables. Insist on a comparative market analysis of the “solds” and a list of the competition on the market for sale for any villa or condo you are considering buying. Don’t take no for an answer. Historically there was a precedent of not recording true sales prices. You, as a buyer have the right to information before you spend your money. Until buyers start requiring this information, the normal process of looking and making offers will be problematic. Opinion is cheap and thought requires work.

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