It is essential as a first time home buyer in the real estate market in Mexico that you work with someone who is experienced with first time buyers. First time buyers will usually have more questions than people who have purchased real estate here previously. Buying a home is not a simple process, especially when you are not familiar with it. You may not know what price range of properties you can look at, what you can afford, or how the general home buying process works.
As a first time buyer we generally recommend getting an understanding as soon as possible to determine what you can afford. Most purchases in Mexico are a cash transaction. Buyers sometimes obtain an equity line of credit on their home in other parts of the world. You can also speak with a mortgage company here and be ‘pre-approved’. The cost of borrowing for a home is higher in Mexico but this can still make financial sense for many buyers. We have some great companies we can introduce you to.
We will provide you with the answers to all your questions, and walk with you through ever step of the process, from setting up viewings, to making the initial offer, and through to the day we hand over the keys to your new home. Although buying your first home in Mexico can be overwhelming, you can feel at ease, as we will help you every step of the way. We enjoy the process as much as you do, and t’s a very exciting feeling. We still remember buying our first pieces of Mexico real estate, and all the questions we had at the time. Having an agent there to answer all the many questions we had, made the process so much easier. This is the same commitment we promise to make to you as a first time home buyer, and anyone that we work with.