If it’s your first time buying a condo then developer financing can help you a lot. A condo in Mexico is a good investment. But as a first-time buyer, you might need financing in order to be able to buy property in Mexico. What is developer financing for a condo in Mexico? In contrast to what you might see with traditional financial institutions in the United States or Canada, developers typically do not extend a mortgage that covers the entire cost (or even the majority of the cost) of the project in advance. Instead of requiring you to pay the
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With the emergence of Tulum as a strong Real Estate Market Americans and foreigners more than ever are looking to own their piece of paradise in Tulum. The strength of the market allows the emergence of creative ways to buy and own a Condo in Tulum. A new model for Americans and foreigners to buy a condo has emerged called Rent-to-Own or also known as Rent-to-Buy. What is Rent-to-Own in Tulum Real Estate? It involves a downpayment of 60% (or more) of the purchase price on your Tulum condo. With the 40% (or less) to be paid off by the
How to Find and Make an Offer On Your Dream Condo in Tulum Mexico as an American So you’ve been searching and found condo properties you really like in Tulum Mexico. Well, now it’s time to think about checking these properties with a real estate agent and making an offer on the condo that you like. Here are the 7 Steps to finding and making an offer on a Condo in Tulum Mexico as an American. Step 1: Find a Condo in Tulum Mexico with a Real Estate agent. There are a lot of Condos in Tulum Mexico to choose
So you’ve been searching and found condo properties you really like in Tulum Mexico. Well, now it’s time to think about checking these properties with a real estate agent and making an offer on the condo that you like. Here are the 7 Steps to finding and making an offer on a Condo in Tulum Mexico. Step 1: Find a Condo in Tulum Mexico with a Real Estate agent. There are a lot of Condos in Tulum Mexico to choose from, but finding the right one is a matter of knowing what to look for and getting a good deal.
The Mayan Train project in Mexico gained momentum in 2022 check out the progress below: Crews working on the Mayan Train project in Mexico have received over 7,300 tons of ballast material from Veracruz and in total, the project will need over 4.6 million cubic meters for the seven sections of the route. Upon completion, the Mayan Train will span 948 miles, connecting cities along the Yucatan Peninsula, from Palenque in Chiapas to Cancun, Quintana Roo. Here are the latest developments as follows: In section 1, in Tenosique, Tabasco, the construction of Longitudinal Drainage Works continues. Up to now, 2,060
Recently we did an article about foreigners buying property in Mexico. If you missed it you can check it out after reading this article. We got a few follow-up questions from people wondering about ways they can finance their retirement property in Mexico. Asking questions about whether you can get a mortgage in Mexico and how does it work. So that’s what I’m going to discuss in today’s article. Okay so you found the property of your dreams here in Mexico and now you’re trying to figure out how to pay for it. I’m going to go through some different