Trying to discern the best way to search for real estate in Mexico can feel overwhelming, with so many different paths available and plenty of misinformation out there, so we’ve put together some quick tips to help you find the property of your dreams! From how to browse online listings and use map search features, to the benefits of conducting simple Google searches and finally walking around the community itself, we have you covered!
1. Work with an experienced real estate investment advisor.
It might seem to go without saying, but your realtor should be so much more than a person who helps complete paperwork when buying property in Mexico. In fact, we think working with an experienced real estate investment advisor you can trust is the single most important thing you can do when searching for real estate in Mexico! The agent you choose should have a large treasure chest of resources available to help you on the search, and he or she should also have the “inside scoop” on properties that are still unlisted in the area, as well as private sales and other real estate for sale that is off the radar for some reason. Equally important, your Mexico real estate investment advisor should be able to back up their claims with solid client testimonials - nothing beats word of mouth when you are searching for someone who can provide sound advice about one of the biggest investment decisions you will ever make.
2. Successfully browse Mexico real estate listings online.
Searching through online listings trying to find the right property in Mexico for your needs can feel virtually endless, but it is still a very important part of the process. Still, there are a few things to keep in mind that will make the process of looking for real estate in Mexico easier, and help protect against would-be scammers:
- Make sure you are using only reputable, verified websites.
- Ask your realtor to narrow it down and send links.
- Keep an open mind - look at new construction AND existing homes.
- Consider the larger community you are investing in.
- Vacation home rentals can offer steady income to offset expenses.
- Listen to your gut - if it seems too good to be true, it probably is.
- Don’t compromise - this is your dream, so live it to the fullest!
3. Get the most out of online map search features.
The wonderful thing about investing in real estate overseas nowadays is that the Internet makes it easy to get a real feel for a place before you actually visit, which can help you eliminate areas that aren’t ideal, and identify the right part of Mexico for you to invest in real estate. Still, many buyers overlook the benefits of checking out a potential location using online map search features. Not only will online tools like Google maps and MapQuest give you a bird’s eye view of the areas surrounding any potential real estate investment, but they can also give you a street-level view of what the property and its environs really look like, along with information about surrounding businesses and attractions, such as their distance from your prospective property.
4. Recognize the importance of simple Internet searches.
One of the hardest things about buying real estate in Mexico is deciding exactly where you want to invest! Whether you prefer the Caribbean vibe of Cancun and the Riviera Maya region on Mexico’s Yucatan Peninsula, are more interested in buying property near Cabo San Lucas or Puerto Vallarta on the west coast (or are looking anywhere in between), the dizzying array of options can be overwhelming to put it mildly… In part, because each area of the country offers its own special charm and unique benefits for investors, just waiting to be discovered by you! One of the best ways to narrow it down and decide which part of Mexico is ideal for you is to take time to conduct a wide variety of Internet searches, learning as much as possible about areas of interest.
Here are just a few of the things you can learn by conducting simple Google searches to complete your due diligence and help you find the best property in an ideal location:
- Cost of Living
- Local Culture
- Environmental Concerns
- Future Development Plans
5. Visit the area and explore in person.
Last but definitely not least, once you’ve narrowed it down to a handful of options, it’s time to schedule a visit and take an extensive tour of the region with your trusted real estate investment advisor! If possible, make sure you not only spend plenty of time hanging out near the properties in question, but also take time to explore the region as a whole to make sure it will be a good fit for you and actually offers everything you learned about. Whether you are looking for an income-producing investment property, a private vacation home just for family and friends, or would like to find a property that is a little of both, it’s important that you feel comfortable and excited about the prospect of ownership, with a plan in place that makes sense for your financial portfolio.