SEVEN MISTAKES TO AVOID
Cary Mullen of Vivo Resorts has tips on avoiding seven common mistakes when looking for properties in Mexico:
Be sure not to choose a location that is considered a medium-or high-risk hurricane zone. Do the proper research into which areas are low risk.
Don’t select a highly popular area that has already boomed. Find spots that are growing in popularity, but where the current lifestyle is also at a much slower pace.
Don’t settle for an area where the weather is good, but not great. Look at things like average monthly temperatures, rainfall patterns and humidity indexes.
Beware of bad advice about old ownership laws, infrastructure and crime that discourage buying in Mexico. Get all the facts and then make your own decision.
Make it a point to plan far enough ahead. Don’t purchase a condo unit that will be too small for future additions to the family or visiting friends.
Don’t avoid a purchase in fear of not being able to afford travel to other desired vacation spots. Mullen recommends that buyers act now and purchase the great value while it’s available at a development where the property or resort has an exchange program.
Don’t fail to research the property title thoroughly enough — and be sure to buy title insurance. Mullen suggests hiring a lawyer with expertise in Mexican real estate to research the title.
For more details and information about the seven mistakes, visit www.vivoresorts.com/ site/7_mistakes
— Marty Hope
Cary Cary Mullen