Are you thinking about buying real estate in Mexico? Many people from other countries quickly fall in love with Mexico during a vacation and end up wanting to buy a vacation home or even move full-time to the country.
In terms of real estate, properties in Mexico are usually more affordable when compared with similar properties in the United States or Canada.
Plus, Mexico has a rich culture, warm climate, and tons of natural beauty that can’t be beaten. If you are wondering when to buy real estate in Mexico, there’s no time like the present as the cost of properties is typically on the rise.
If you want to learn more about the best real estate in Puerto Vallarta and the Riviera Nayarit area located in Mexico’s Banderas Bay on the Pacific Coast such as Villa La Estancia’s elegant beachfront residences, keep reading below.
When is the Best Time to Buy?
If you are curious if there is the best time of year to buy real estate in Puerto Vallarta and Riviera Nayarit, you have come to the right place. Puerto Vallarta’s high season occurs during the winter months from November and lasts through April.
The end of high season is a great time for finding the best real estate in the area. Once the months of May and June arrive, the majority of expats and snowbirds have gone home for the summer. As a result, real estate agents will have less work and be able to provide better service for their clients.
In addition, it’s easier to schedule more property showings during the low season when properties are often vacant.
Also, due to less demand during the low season, you will find that you may have more flexibility when it comes to negotiating purchase prices or other contingencies in the purchase contract.
Be aware, read this article: Real Estate Scam Info.
Budget and Location
Next, a few essential things to consider when buying real estate in Mexico are your budget and location. In terms of budget, it’s essential to carefully examine your finances and only make offers on properties that you can afford.
In general, the majority of properties in Mexico are usually paid in cash as opposed to using a mortgage. Therefore, it’s important that you have the required capital to invest in real estate in Puerto Vallarta and Riviera Nayarit.
However, Mexico’s mortgage lending business is growing but mortgage interest rates in Mexico are still very high when compared to mortgages in other countries.
In addition, some high-end developments such as Villa La Estancia in the upscale neighborhood of Nuevo Nayarit offer in-house developer financing for qualified homebuyers. As far as location, you can expect to pay more for properties closer to the beach or within gated communities.
You may be interested in the Try & Buy Program.
Vacation Home at the Beach
Lastly, it’s essential to think about how much time you plan to spend at your property. Some people are looking for a vacation home to visit a few times a year and other people want a full-time retirement home.
Also, think about whether you plan to rent out your home when not in use or not. Onsite amenities such as pools, fitness centers, restaurants, and 24-hour security are important perks many people look for when buying real estate in Mexico.
If you decide to rent out your property as a vacation rental, these amenities make it more attractive and will allow you to charge more per night. Regarding the deed of property, Mexican law mandates that foreigners will need to set up a bank trust to hold title if they buy property on the coast or close to the border.
Whether you want a full-time abode or a vacation home at the beach, check out Villa La Estancia. Situated in the peaceful neighborhood of Nuevo Nayarit just 15 minutes north of the PV Airport, Villa La Estancia is a hotel-condo concept property that is a great option.
We offer spacious beachfront residences that come fully furnished and with quality finishes. In addition, we have onsite amenities and services that make it a pleasant place to spend time.
Also, the property is low maintenance so it’s ideal for homebuyers who don’t want to worry about handling repairs and upkeep.
Are you ready to learn more? If so, contact us at Villa La Estancia today to book a vacation to Mexico. During your stay, make sure to schedule a property tour of our luxury beachfront residences as they have a limited amount of properties still available for purchase.
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