Select Mexico Properties

Right now is the time for buying real estate in Mexico. The real estate market is making positive gains, land prices are low, the appreciation rate is good, and long-term financing options are finally here. If you know anything about the Mexican real estate market, you should know that mortgages are relatively new. Until just a few years ago, buying real estate in Mexico meant paying cash. Fortunately, things have changed. Home mortgages are readily available for buying real estate in Mexico, including land, for residential construction and for refinancing.

You’ll be happy to know that real estate in Puerto Vallarta has been appreciating at a rate of about ten percent per year for the last ten years. You won’t find real estate markets in the US that exhibit this kind of growth, and certainly not luxury real estate. In fact, in the US, luxury real estate markets occupy eight of the top ten losing real estate markets in the US. Some of these real estate markets have seen valuation declines in excess of 30 percent!

Buying real estate in Mexico is an excellent investment option, made all that much better by the fact that long-term financing is now available. In addition, you can refinance your Mexican real estate, meaning that you have ready access to the home equity that’s building up. Currently, you can refinance up to 70 percent of the purchase price of your Mexican real estate or 50 percent of the value of your home. Most re-finances have a cap of $1 million. That’s a definite advantage of buying real estate in Mexico these days!

Buying real estate in Mexico is safe from the perspective of establishing your ownership claims. It’s also safe from a financial perspective, because you can access the equity in your Mexican home. Buying real estate in Mexico is also easy when you work with a partner like Select Mexico Properties. Select Mexico Properties can provide you with lender referrals to help you arrange financing for your land purchase and the construction of your new luxury Puerto Vallarta home.

There’s no reason to wait if you want to take advantage of this fantastic, once-in-a-lifetime opportunity. Act fast because investors from all over the world are looking to reap the benefits of buying real estate in Mexico. Contact a Select Mexico Properties sales representative today!

Photo Credit: Harper