What type of property are you interested in? New, used, or pre-construction?

Within the possibilities of purchasing properties, the following are primarily encountered:

1. Existing properties: These are properties that are more than 6 months old since their construction was completed, and their current owner wishes to sell them. The prices of these properties are negotiable. In some cases, they may be foreclosed or in need of repair, while in others, they represent great opportunities. The price typically varies according to the market in their vicinity. Your real estate agent has access to listings of these properties, including prices, features, and areas.

2. New properties: These are typically understood as properties that are less than 6 months old since their construction was completed, are in the process of being sold, and have not been inhabited. The prices of these properties are negotiable. In some cases, they are properties from projects that could not be fully sold during pre-construction or on paper, or they are properties built by individuals. The price typically varies according to the market in their vicinity.

3. Pre-construction properties or new developments: There are major developers who specialize in constructing properties. These projects start selling even before the first ground is broken. Generally, the further away the construction completion date, the better the purchase price. If you can wait and are not in a hurry, you may find good investment opportunities in this pre-construction market. Ask your real estate agent about these new developments.

Gaspar Michel

Gaspar Michel is a real estate agent in Tulum. I have lived in the Riviera Maya for 3 years and I can help you navigate the pros and cons of each city. I can help you if you are looking to buy a new home for yourself/family, a vacation rental, and/or both. I can help you find your dream home even if you are not a Mexican citizen.