Most people already consider real estate in Mexico an excellent bargain – and with good reason! But bargain hunters are bargain hunters, and even when prices are this good, many buyers want to find an even better real estate deal.
Most people already consider real estate in Mexico an excellent bargain – and with good reason! After all, could you imagine finding a beautiful beachfront property in a good location near services anywhere in the U.S. for below $200,000 USD? (Click here for examples in Mexico!) Or a cozy home with views of hills and a lake for under $150,000 USD? Probably not.
But bargain hunteHYPERLINK "http://www.topmexicorealestate.com/myrealestate/"rs are bargain hunters, and even when prices are this good, many buyers want to find an even better real estate deal.
So,can you get a deal on top of an already good deal?
Yes. Here are some ideas that have worked for many other buyers.
Pre-construction – Developers of even the nicest condo complexes will offer significant discounts when the condos are in the process of construction. Like back home, the earlier you buy, the lower the price. Many tourist locations in Mexico are undergoing phenomenal growth and these new condo complexes offer a great way to get savings on a bargain!
Price reductions – While most of Mexico's real estate markets are fairly stable, individual buyers often have personal reasons to lower the price of their properties. Often they've already bought their next property, and they just want to move on without waiting out the ideal price. Ask your agent for price reductions in the area you're searching in.
Fire sales / desperate sellers – They are not so common as to bring down the market in most regions of Mexico, but there are also sellers who simply need to sell off quickly. Selling quickly is not simply a preference but urgent because personal financial pressures or other situations. These sellers will often be open to negotiating.
Up-and-coming areas – Tourism is booming in Mexico, as it has been since the 70s. This means there are always new tourist destinations being discovered by the more adventurous travelers. Signs that a region is likely to take off are usually fairly clear, but real estate prices tend to stay low (even for Mexico) until regular, main-stream tourism is fully up and running.
Markets in low spots – On the other hand, there are markets that were “hot spots” a while back; while the market has slowed down considerably, they still offer all the benefits and attractions that they ever did – including a thriving expat community; and experts often say they are well-poised to rebound. San Miguel de Allende during the early 2010's is an example.
So can you get a great bargain on top of the already-great prices in Mexico? You sure can!
The TOP Mexico Real Estate Network; “Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”
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