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Pre-Construction In Mexico

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Julio cesar Salinas Izquierdo

on 16 February 2016

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Transcript of Pre-Construction In Mexico

TESTIMONIALS
7 Steps for First Time Buyer in Mexico
Buyers' Reps
Benefits When Buying
Pre-Construction Real Estate
in Mexico
- Appreciation within 12 months

- Payment plan over 12 – 24 months

- First choice of condo location

- Custom design options

- The pleasure of owning and living in a brand new condo

- 12 month guarantee on hidden defects on new residential units

- Get involved in the Condo Regime Bylaws to help mold the regulations

TOP 5 RISKS/COMPLAINTS
1) Condo Regime Not Delivered on Time

2) Physical Delivery Not Delivered on Time

3) Finished Property Does Not Match the Renderings

4) Defects in the Interior Accessories & Finishings of the Property

5) Exchange Rate Arguments Between Developer and Buyer

TOP MEXICO Risk Management:
2) Property Not Delivered on Schedule
TOP MEXICO Risk Management:
TOP MEXICO Risk Management:
3-a) Confirm the Showroom & Rendering Upgrades vs Standard Items.
TOP MEXICO Risk Management:
7 Steps for a First Time Buyer
1) Get Informed on How to Buy
2) Get to Know Your City and Neighborhood
3) Start a Wish List
4) Work with a Buyers' Representative.
5) With your wish list now in hand, the Buyers' Rep begins introducing options to you.
6) Take a
Live It Tour...
Visit, explore & compare neighborhoods & homes.
7) Choose with facts
in hand... then Enjoy.
Experience
Playa del Carmen
PROJECTS
Tulum
Yucatan
OUR TEAM
Legal
Research
GRAPHS & STATS
1) Condo Regime Not Delivered on Time
1-b) Find and Work with a Good Real Estate Team:
... A Buyers' Representative
2-a) Research the Developer's Past Customer Service
2-b) Propose a Construction Milestones Payment Plan
2-c) Specify a Clear Delivery Date on the Contract
Buying
Safely!
3) Finished Property Does Not Match the Renderings
3-b) Define the Ceiling Height of the Condo Unit
3-c) Clearly Define the Details; Don't Forget the Common Area Items
4-c) Have Everything in Writing
4) Defects in the Interior Accessories or Finishings of the Property
TOP MEXICO Risk Management:
Thomas Lloyd
Thanks You!
Tel: (984) 267 2449
www.topmexicorealestate.com
4-b) Use a Professional Inspector
5-a) Knowing the Exchange Rates
USD vs Pesos
5-b)
Recording the Monetary
Value of the Property
5) Exchange Arguments Between Developer and Buyer
4-a) Use a Check List for a Thorough Reception
How to Evaluate & Manage Risks in the Mexican Pre-Construction Market
1-a) Research the Builder
1-c) Clearly Define Contract Clauses with Penalties on Late Closing Dates
What is a
Condominium Regime?
/topmexicorealestate
/in/topmexicorealestate
AVERAGE DEVELOPMENT PRICES IN THE RIVIERA MAYA
Multinational Banks
17.2
Currency Exchange Companies
18.1
Official Journal of Government
18.62
Promissory Contract
USD Benefits the Developer
Pesos Benefits the Buyer
Property Title
Recording in Pesos at the Highest Amount Possible
5-C) Earning USD
Spending Pesos
Furniture
Property Taxes
Maintenance Fees
Cost of Goods
It is Cheaper to Live in Mexico
and will Continue
Getting Cheaper
Exchange Rate
Record in USD or in Pesos
Full transcript