SEVEN MIS­TAKES TO AVOID

Calgary Herald New Condos - - Recreation & Investment Properties -

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

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