Maybe you are looking for a family vacation home, an investment property, or somewhere nice to retire, whatever the facts may be, you are beginning your search for property in Mexico. Mexico is a great country with a lot to offer, so it’s becoming ever more popular with every year. There are a few things to keep in mind that you need to know right off the get go so let’s begin.
Check Out Different Areas First
Whatever you do, don’t pick a destination to buy without visiting first. You may like the idea of a place, then when you arrive you realize it’s nothing like you imagined. Don’t rush the process and take a few trips through Mexico to find your ideal town. If you plan to do multiple trips, go to Kohl’s and get a small suitcase and full travel clothes. Then when you get home each time, wash it, repack it and you’re ready for the next outing. This will allow for fast trips and also cut down on headaches of packing every time. It is especially important to keep this in mind if you plan to retire to Mexico and need to stay within your budget when you are looking to buy a house. If that is the case, you might find it useful to get hold of a good guide on how to retire to Mexico, in order to help simplify the process of moving to the new place.
Do Your Research
Once you have found a part of Mexico that you like and decide to buy in, make sure to research the procedures realtors and companies use in that state. Realty in Mexico varies from state to state, region to region, and even town to town, so make sure you do a lot of background research before making an offer.
It Will 100% Without Doubt Take Longer
Unlike the United States, the buying process in Mexico is just slower. There are more parties involved, more mandatory steps, etc. Be prepared for it to take longer than a sale would in the United States. Even IF you were to find a place, make an offer, do the inspections, transfer money, and so on, it is still about 60 days before closing.
Buying property is exciting, and buying a property in a foreign country is even more exciting. There will probably be a few hiccups and speed bumps, but as long as you do your research, you will be fine!