5 Mexico Real Estate Tips for Expats

agendatotal.com
by: Martin Cowell

Mexico is a haven for expats as exotic location are topped with great infrastructural development. The people, weather and government are equally warm and welcoming. The country with its diverse offering is quite appealing to foreigners who willingly make it their home. Many Americans and Canadians have already booked their piece of heaven by the beachside and many are following the suit. Estimates claim that in areas like Cancun, Playa del Carmen or Puerto Vallarta, the number of expats comes to about 50,000.

Mexico is an expat friendly country. Millions of Americans, Canadians and Europeans live and work in Mexico.  With certain guidelines followed one can find the best deal just like these expats did. While making a choice it is but obvious that one would like to have neighbors from home. Therefore it is important to hire the right agent who understands the need and criteria of the buyer. A good agent will never try to impose his choices on the buyers rather try his/her level best to bring out options which meet the criteria of the buyer. An agent who is well versed with the area, its demography, economy and a good network is your best bet in a foreign country such as Mexico.

The buyer should take interest in the region’s expat situation as in how they socialize. It is important as it increases the interaction as well breeds familiarity among all. It is likely that not all expats will live next to each other. Hence knowing each other personally will be beneficial in times of need. Also the agent should be able to provide information regarding the same. An expat community can be your biggest support system as well as your reliable source of information.

Mexico is a beautiful country and every location is exotic. There is the beach, the mountains, lakes, golf courses and the jungle. There will be expat community in each of these locations and especially around the main attractions. The buyer should therefore be sure regarding the preference of location. Also the agent should be specifically told about the priority list so that there is no mixing up. Most expats come to Mexico for its beaches and the lifestyle it offers. So the agent should propose beach side areas which checks most of your requirements. Areas such as Akumal and Tulum which are still in the development phase and not yet crowded can be an Expats preferred option.

One fact which all buyers should keep in mind is that ‘Sale Currency’ or the currency in which the prices are quoted doesn’t require much importance. It is a common understanding that prices in dollars reflect foreigner interest but this is not the case always. Therefore the best thing to do in such a situation is to enquire. There is simply no harm in asking and if the buyer is satisfied with the service received, he/she can go ahead with their plans.

Lastly it is important for the buyer to know how flexible or rigid he/she is in terms of choices. This should be shared with the agent as well so that there is no wastage of time and energy in fruitless searches. Some might prefer living next door to an expat while might like to maintain some distance. There might be buyers who are fine with everything as long as expats are in the vicinity. Therefore because carrying out any search the buyer should sit down and make a list of things he/she wants around their dream property.