House Hunting in Merida Part 2
House Hunting in Merida Part Two
Last week we explored how to navigate through the house hunting (#HouseHuntersInternational)process in Merida, Mexico. House hunting is not an easy process, and when you are trying to navigate the process in a foreign country it can become even trickier. Let a professional in the real estate industry in the country you are looking help you through the process. Once the semantics are handled, you can enjoy the process of finding that perfect getaway for you and your family.
Here are some more things to consider when house hunting in Merida.
- Everyone knows that location is key. Once you have chosen the general area you want your house to be in, do some research about home prices in that area by looking at real estate websites for Merida and the Yucatan. Drive around the neighborhood and see if there are any homes for sale by owner. Call to find out about these prices because the more you know about the general price structure in your neighborhood, the better you will be able to spot a deal or negotiate for a better price.
- If you are planning on buying a fixer-upper, be sure you have a specific idea of how much you can spend and keep this in mind when you are looking at houses. Your real estate agent will usually tell you that renovations are inexpensive and they can be. However, they can also run into more money than you planned so if you find a house you want to check with an architect or contractor to get their opinion on renovation costs.
- Be organized in your search. Take photos of the houses when you visit them and take notes. It is easy to get confused when looking at numerous houses. Make a list of questions you may have. Ask about maintenance and utility costs as well.
- Understand how things work in Mexico. Under Mexican law, a foreigner cannot outright purchase land that is within 30 kilometers of a border or a shoreline. Educate yourself about the proper way to buy land and understand the one-time costs and recurring costs when you are figuring out your budget. It is relatively easy to buy in Mexico if you are a foreigner but being equipped with the facts will save you many headaches later on.
- Work with professionals. There are many professional real estate agents, lawyers and insurance agents in the Yucatan who can help you make a home purchase in a way that avoids problems down the line. Check references and work with people you trust. If you don’t speak Spanish, work with someone who is fluent in English. By law, documents in Mexico must be written in Spanish but also must be translated into English for any English-speaking buyer.
When it comes to home buying in Mexico, find the right qualified professionals to help you is important not only for your protection but also to make sure you are finding what you are looking for. Hiring the real estate staff at Merida Property Management is an easy way to not only have the right people helping you buy, they are also the same people who can help you run and maintain your home once purchased.