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Mexican Real Estate FAQ's

SHOULD I WORK WITH A REALTOR?

When you find yourself ready to buy or sell a property, you should ask yourself the following questions: do you have the time, energy and contacts to buy or sell in Mexico? Can you do it yourself or do you need help? If you answered, "help," then the first thing you should do is contact Luxury Beach. They offer their clients their many years experience in real estate sales. They answer every client's questions instantly, and their meticulous follow-ups mean that every client receives the knowledge and insights to make informed real estate choices, because Luxury Beach promises to make our client's property searches and sales a breeze. Read the following information in order to see how Luxury Beach can help you understand everything you need to know about your real estate transaction.

FINDING

The process of buying your home should begin with you evaluating your buying power; that is to say your financial reserves and borrowing power. If you give Luxury Beach this basic information, they will take you to the next step: finding the properties that most approximately meet your needs. Luxury agrees to a strict code of ethics. Its agents have many resources and a lot of insider knowledge that they are willing to share with you. At times, the property you seek will be available but because it isn't listed publicly for whatever reason, you may not find out about it. Luxury Beach will find it for you.

SELECTING

Your task is to select the property that is right for you. At this stage your emotions, especially your excitement, will be running high. A Luxury Beach agent will assist you in providing you with objective information on each property, such as zoning restrictions, nearby schools, and utilities. Two of the most important things you'll need to know are will the property give you the environment you want to make your home in, and if you should decide to sell it in the future, what its resale value will be?

NEGOTIATING

There is a myriad of factors to be considered during the process of purchasing, including price, financing, date of possession and the inclusion (or exclusion) of repairs, furnishing or equipment. The agreement between buyer and seller should also include a period of time for you to have the property inspected and otherwise investigated before purchase.

FINANCING

When you are sure the property you're interested in is the one for you, the process of financing, if necessary, begins. Luxury Beach will then assist you in understanding the different financing options and finding a qualified lender.

CLOSING OF SETTLEMENT

Luxury Beach can be your best source of information in providing you with a swift and secure transaction, especially in Mexico, which requires that foreigners acquire a 'Fideicomiso', or trust account, which you will need in order to actually own the property you purchase along the coast. Your Luxury Beach agent can better explain this process to you.

PROPERTY MANAGEMENT AND MAINTENANCE

If you purchased a property not only as a residence, but also for investment services, there is no better agency to turn to than Luxury Beach, which ensures that your property is always ready should you choose to rent, or having rented, to return home without advance warning. Luxury Beach is different from other property management services in that it has a fully-trained on-site team to deliver a seamless service to owners, their families and their guests. Our trained associates are on call to coordinate rental bookings, inspect and repair the property before owner or guest arrival, and ensure internal and external maintenance of your property at the highest level.

SELLING YOUR REAL ESTATE

After you have determined the value of your property, Luxury Beach can provide you with up-to-date information on what's happening in the market place and the price, financing, terms and the conditions of competing properties. These are essential factors to know for selling your property quickly, advantageously and without too much hassle.

MARKETING

Marketing covers the exposure of your property to other agencies and to the public at large, enabling another agent than yours to bring in a prospective buyer. Luxury Beach can recommend repairs or cosmetic work that will significantly increase your property's salability. Luxury Beach will act as your coordinator, making available information about your property to other real estate agents through Multi-list AMPI associations or other networks, open houses for agents, etc. The Multi-list Code of Ethics requires members to use these methods when they benefit their clients.

The process of buying your home should begin with you evaluating your buying power; that is to say your financial reserves and borrowing power. If you give Luxury Beach this basic information, they will take you to the next step: finding the properties that most approximately meet your needs.

Two of the most important things you'll need to know are will the property give you the environment you want to make your home in, and if you should decide to sell it in the future, what its resale value will be?

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