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How To Save (more) Money Buying Real Estate In Mexico
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Along with many other expats already happily living in Mexico, I've pointed out many times that simply buying real estate in Mexico will save you a good deal of cash. Yet, there are also ways you can save on top of the regular low prices that you will find already. The following are a few tips.
Try Less-Known Areas
Some areas you might consider are Lake Paztcuaro near Morelia, Valle de Bravo (both in Central Mexico), Campeche or Costa Maya (both on the Yucatan Peninsula). Mexico is a large country and much of it has not yet been discovered by international tourism, at least not to any significant extent. This means that it has less exposure, and that prices will be noticeably lower. Some of these areas will have fewer services, such as malls or modern movie theaters, but for expats who really aren't concerned about these items, they can be a good option.
Find Super Deals
If you want all the services of a modern lifestyle (malls, movie theaters, state-of-the-art hospitals, international golf, etc.) but still want to save money, that's also entirely possible. As I said, prices are low even in Mexico's “expensive” areas, but on top of this you can look for a bargain in a price reduction or fire sale. Significant savings can be found on just the right property for those who take the time to review listings and watch. Agents will also help with this, sending e-mail alerts when they see a deal that they think will be attractive.
Look in Up-and-Coming Neighborhoods
Simply looking at listings, you can look in the lower price ranges and find that right property that happens to be listed at a lower price. (For example, you can review Playa del Carmen listings here). This kind of search can be directed by looking specifically in up-and-coming neighborhoods that have not yet gained attention but are close to shopping, services and even the beach. It's surprising what people will overlook! The only disadvantage to neighborhoods like this is that they are sometimes in the process of gentrification, and they won't have a nice reputation with their name.
Almost all developers will offer lower pre-sale prices during or even before construction; generally speaking, the earlier you buy, the better prices you can get. Often, you can also negotiate other items, such as design and layout.
So, yes, Mexico is inexpensive. But it is also entirely possible to save even more on top of the regularly low prices!
The TOP Mexico Real Estate Network; “Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”
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 graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOP mexicorealestate, you can contact him at (512) 879-6546.
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