Tips for Buying a House in Pre-Sale

To be able to purchase your new home, you need to consider some key points, as it will be an investment that involves the time, effort, and work you've put in. The Federal Consumer Protection Agency (PROFECO), an institution responsible for defending consumer rights, recommends taking into account certain factors when buying a property, including its features, information in case of acquiring it with credit, guarantees, and the contract.

One of the best options to turn your dream into reality is the possibility of buying a house during the pre-sale period. In these cases, developers seek to finance themselves during construction through payments from buyers. Thanks to this, construction begins once an initial payment is made and progresses with the installments from its future owners.

Pre-sale of a house involves acquiring a real estate project before it is completed, meaning it is not ready for habitation. While this implies a waiting period before moving in – construction can take approximately 1 to 2 years – the major benefit of purchasing a house through this method is the price, which can be up to 30% lower than that of a ready-to-move-in house.

The expert team at Coldwell Banker provides additional advantages of buying a house during the pre-sale period:

Design: You can tailor the house to your preferences, such as choosing construction materials or interior finishes, and even modifying the layout of the house. This way, you can live in a space that perfectly suits your taste.

Appreciation: The value of houses in pre-sale often increases because when the property is completed, it gains higher value. Factors such as location, security, accessibility, and surrounding amenities are considered in this appreciation.

Payments: Down payments are typically around 30% of the total property value, though they can be higher depending on the project and its stage of completion.

Amenities: Properties in pre-sale often belong to a real estate development that includes amenities like green areas, security club house and kids playgrounds.

Moving: When purchasing a house during pre-sale, you have the flexibility to plan your move, allowing ample time to choose the decor and furniture for your new home.

To ensure your dream doesn't remain just a dream, a good alternative is to consider a mortgage loan. This way, you can acquire a property without paying the entire amount upfront. If you're interested in buying a house during pre-sale, don't forget to seek advice from the experts at Coldwell Banker Mexico who can guide you on the process, making your dream of owning a home a reality.

If you are interested in knowing about pre-sale projects, contact us so that one of our Real Estate Agents can assist you.

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