Fell in love with the area, but have no idea where to start? Reasonable. Here are five basic steps towards living your dream.
Find an agent.
Working with an agent has many benefits. They can assist you in your search no matter where you are in the process. They can assess your needs and match you with the best properties. Market knowledge is key, so a local expert who is a member of AMPI is the way to go.
Get to know the area.
Do you like the coastal city of La Paz? How about the easygoing sea-side living of La Ribera and Los Barriles? What about the cultural beauty of San Jose del Cabo? Would you rather be right in the action of Cabo San Lucas? Or would you simply rather enjoy the bohemian tranquility of the Todos Santos area? Let your local expert help and guide you in your search.
Specify your needs.
Is your purchase an investment for rental purposes, a vacation home, retirement home, or future residence?
What kind of community do you want to live in? What amenities are important to you and your family/guests/renters?
How many bedrooms/baths, size range inside and out, and what features do you need in your home?
Don’t be afraid if you don’t find exactly what you are looking for right away, your local expert can assist you with reputable builders and contractors to make improvements on an existing home, or even find an architect to build your dream property on an ocean view lot.
Get to know the market.
What are homes selling for in your preferred area? How many homes/lots/condos sold in the past year?
Your agent can provide current and sold comparables so you can feel confident in your purchase.
Find out any special issues with foreign ownership in Mexico.
How is my title held? Is it a land lease, or do I own it outright? What happens when the trust expires? Is the closing process similar to the USA or Canada? How long does it take? Is there financing available in Mexico? Can I bring my US plated car into Mexico and leave it there?
Your local expert can answer these questions and more!