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5 Things to Know When You Buy a Property in Mexico
Manage episode 423225622 series 3491926
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5 Things to Know When you Buy a Property in Mexico
The podcast episode covers the process and timeline for purchasing new construction property in Mexico, particularly in Puerto Vallarta. The hosts recount their experience, beginning with a research and scouting trip in August 2022, where they viewed several properties and selected one still under construction. They explain that buying pre-construction is typically cheaper and highlight the advantage of early purchases.
After making a decision, they signed the paperwork two days later. The build took longer than anticipated, with the property ready by April 2024 instead of December 2023. Although they took possession in May 2024, they won’t officially close until the entire property is transferred to the HOA, expected around December 2024.
The hosts also discuss finding their realtor, Poncho Davalos, a well-regarded local who was very responsive and knowledgeable. They emphasize the importance of working with a skilled, communicative realtor, especially for foreigners who may need guidance through unfamiliar real estate procedures. They conclude with tips and recommend engaging a realtor even for new builds to navigate the complexities effectively.
1. How long does it take to purchase a property in Puerto Vallarta? 2. How do I find a real estate agent in Puerto Vallarta? 3. Can you get a home loan in Mexico? Can you get a home loan in Puerto Vallarta? Do you use a lender in Mexico? How does a foreigner buy a house in Mexico? 4. Can foreigners own property in Mexico? Can foreigners own in Puerto Vallarta? 5. How to protect yourself when you are buying in Mexico. Due diligence for purchases in Mexico. Realtor in Mexico | Alfonso Davalos EMAIL: [email protected] Social Media: Agency Profile Instagram Profile
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