The world has seen a sizable shift in how consumers research, compare, and purchase everything from everyday items and travel to cars and banking. The real estate sector is no different and with so many real estate apps out there, it can seem like there is no need to engage with an agent when buying your home.
However, working with a trusted real estate partner makes a world of difference. Here we outline some points to consider when looking to buy property in Puerto Vallarta or México in general.
1.- Purchasing property in México is not the same as in the United States, Canada, or another foreign country. México has unique laws and regulations, especially for foreign investors and it is important you understand them and the impact they have on your decision to purchase.
2.- Working with an AMPI (Mexican Association of Professional Real Estate Agents) Member is critical. These agents have completed hours of course work to understand all the intricacies of the Mexican Real Estate Market. These agents also are required to complete yearly continuing education to stay on top of the ever-changing Mexican legal requirements.
3.- When buying a property in Mexico, the seller pays any real estate commissions. That means that you, the buyer, do not incur any additional out-of-pocket expenses for working with a real estate agent.
4.- Much of the inventory in the Bay of Banderas is bought and sold in the pre-construction phase. Buyers can simply call or walk into these developments and speak to an agent on site about the property. One must remember that these agents work for the developers and have the best interest of the developers as their key objective. It is important that you have an independent, third-party agent representing you and your interests to ensure that you get what you purchased once the development is finished.
5.- There are many hidden costs when buying a property in Mexico. Having an agent to guide you through the process will save you a considerable amount of money.
6.- Agents have knowledge and experience in the local market and can guide you to areas that are safe, have good rental returns, and have strong capital gain.
7.- An Agent can negotiate price and terms to make sure you get a good buy and on terms that you are happy with. Whether it be a property with multiple offers or one that is priced too high, an agent can walk you through the process and provide past sales information so you are confident in your decision.
Bahia Partners has a team of professionals that have a proven record track record of providing our clients with extraordinary customer service that helps clients navigate not only all of the above but also helps in getting everything you need to set up your new Mexican dream home.
Ge to know the team of experts in Bahia Partners by clicking here.