In general, one of the most important decisions and biggest investments in an individual’s life is buying real estate. For many people, owning a home is a major achievement because this will be where they will spend most of their time with their family.

However, purchasing real estate can also put you at risk for real estate scams if you are unsure what to look out for. Common real estate scams include foreclosure relief scams, wire fraud, loan flipping, home inspection scams, and many more.

Check out Villa La Estancia in Cabo San Lucas and Riviera Nayarit if you want an excellent investment. We offer a luxurious hotel-condo property with private beachfront residences.

It is a wise investment if you want to purchase a luxurious vacation home in paradise that has world-class amenities and services, too. Meanwhile, keep reading below to learn the top three real estate scams. 

#1 Escrow Wire Fraud – Common Real Estate Scam

First, one of the most common real estate scams is escrow wire fraud. The scammers will call homeowners pretending they work for the escrow company or title company that is involved with the purchase of the home.

Then, they will provide specific instructions on where they want you to wire the escrow funds. However, the scammers will make a fake website that will look similar to the title or escrow company that you are working with, and many people fall victim and send the money as instructed.

By the time the new homeowner realizes they have been scammed, the money has already been withdrawn. You can keep yourself safe by always confirming the wire instructions with a live person from the phone number that they have given you. You should also confirm the escrow account number before you wire any money. 

#2 Loan Flipping Scam – Refinancing Real Estate Scam

Next, a loan-flipping scam happens when a fraudulent lender convinces homeowners to refinance their mortgage several times. The scammer will charge very high fees for each transaction, and the homeowners will end up with a higher monthly loan payment than they had before, and sometimes they can’t even afford the payment.

Unfortunately, seniors and older homeowners that have memory issues are often targeted because they have a large amount of home equity and poor judgment due to age-related issues.

In general, if you have recently had your mortgage refinanced, then you shouldn’t do another one so soon. If any lenders are actively calling you, that is a red flag.

Also, you should only work with lenders that are banks that are well known. Make sure you ask any questions you have as well.

#3 Bait and Switch Movers – Moving Real Estate Scam

Lastly, another common real estate scam is based on moving your property to your new home. The Bait and Switch Mover scam will happen when you fill out a form to request a moving company for an estimate for moving your personal belongings to the home you just purchased as you are looking for an estimate.

The moving company arrives, and they tell you it is going to cost you more money than the original quote. They often will pack your belongings first, then tell you the amount is higher than what was quoted. You should only work with a reputable moving company.

Make sure you ask them for their license number, then check the BBB so you can see if there are any issues with the moving company. 

This article was published to help people learn more about real estate scams, and how you can avoid being scammed. If you have been scammed, make sure you notify the authorities and file all police reports.

If you want a vacation home in paradise, check out Villa La Estancia. We are proud to offer a genuine and solidly constructed investment that is free of any scams.

Currently, we have high-end properties located in coastal destinations including Cabo San Lucas and Riviera Nayarit. Our property is situated on beautiful beaches and homeowners love the world-class resort amenities and services onsite. W

e have multiple pools, jacuzzis, a spa, a fitness center, a delicious onsite restaurant, a front desk concierge, room service, and more.

Contact us today to book a stay at Villa La Estancia in Cabo or Riviera Nayarit so you can check out our premium beachfront real estate in person.

Have you been thinking about moving to Mexico? If so, you aren’t alone. In fact, nearly 2 million United States citizens have made the move to Mexico so they can live a better life.

For many decades, Mexico has been a top choice for many expats looking to live elsewhere whether they want to retire or work remotely.

In 2023, more and more young Americans and Canadians are preferring to move to Mexico rather than live in the States or Canada.

The top reasons why people want to move to Mexico are that it is relaxed, the residents are welcoming, and the cost of living is more affordable.

Plus, quality healthcare is available, the food is delicious, and the immigration system in Mexico is not as difficult as it is in other countries, which is perfect for retirees and remote workers.

Most of the paperwork can be done without hiring an attorney or an outside agent. Continue to read below to learn the best reasons to move to Mexico.

Why Move to Mexico?

Firstly, one of the best reasons to move to Mexico for people is the rich culture, the interesting heritage, and the laid-back atmosphere. Life can be quite fast-paced and hectic in the States and Canada.

On the contrary, the value of a peaceful existence is more important now than ever. In general, Mexicans are very friendly and welcoming to all that move to Mexico.

Did you know that Bloomberg’s 2021 Best Places to Live for Expats has ranked Mexico as one of the three top countries in the world to live in? The cost of living is much lower, people find they can enjoy a better life, and the moving transition is fairly easy.

Likewise, many expats that move to Mexico adapt with ease and they comment that the move prompted positive changes to their lives.

For example, ex-pats report being more active, eating healthier, and making time to socialize more. Mexico is a wonderful place to move if you are interested in a better life.

This article may interest you: Is Mexico A Good Place to Retire?

Warm Climate

Next, many people that have moved to Mexico have chosen to live in top tourist destinations because they are located on the coast.

In general, coastal destinations tend to have wonderful warm weather all year long. As a result, people that have moved to Mexico are usually more active than they would have been had they stayed in their country.

Thanks to the great climate, beach towns in Mexico are known for having tons of excellent water activities such as swimming, surfing, scuba diving, snorkeling, paddleboarding, and more. Mountain biking, running, and hiking are other top outside activities, too.

You will always find something fun to see and do in Mexico, especially in Cabo San Lucas and in Puerto Vallarta as these two areas have a large expat community.

If you want to buy real estate, check out the Villa La Estancia which has luxurious beachfront residences for sale.

Read this related post: Expat Dreams in Mexico.

Improved Quality of Life

You can enjoy an improved quality of life if you move to Mexico. Since the living costs are much lower than in the United States and in Canada, it’s easier to have a quality life without as much money.

Also, in 2023 the healthcare systems including hospitals and doctors in Mexico are quite outstanding. Likewise, doctor visits and prescriptions are very affordable as well.

In terms of eating well, ex-pats that live in Mexico also have access to fresh fruits and vegetables, too. Therefore, you can eat healthier and become more active if you move to Mexico.

Also, if you are wanting to buy real estate in Mexico, then you will be pleased to know that comparable properties tend to be less expensive than they would in the United States or Canada.

As a result, many ex-pats are able to purchase a dream home on the beach in Mexico that they could never afford in their own country.

Take a look at the Top Beachfront Destinations to Buy a Vacation Home.

Did you enjoy reading this article about the top reasons people want to move to Mexico? Are you interested in moving to Mexico? As you can see, Mexico has wonderful weather, and a lower cost of living, and expats report having an improved quality of life.

If you want to buy a home in Mexico, then check out Villa La Estancia. We have two beautiful locations in top tourist destinations in Riviera Nayarit and in Cabo San Lucas.

Our homeowners love their spacious beachfront residences, premier amenities, and superior services, too. Give us a call today to learn how you can own a beachfront residence in Mexico.

Ask to see if you can participate in our Try and Buy Program which allows prospective homebuyers to test out beachfront living before they buy. Who knows? Maybe your new life in Mexico is only missing you!