Buying a property in pre-sale is currently a very common way to invest in Cancun and the Riviera Maya. A large number of national and foreign investors choose this form of investment and take advantage of its benefits.
Some of the benefits of buying in pre-sale are:
- Most pre-sale projects require a 30% down payment, some of them even a lower percentage.
- Most developers offer special discounts if you wish to pay a higher down payment.
- Payment methods are normally flexible and can be adapted to the buyer’s needs. Even, on certain occasions, the final payment can be covered with a bank loan.
- There are projects that guarantee a Return on Investment through their rents, so even this income can amortize the bank loan. Our advice is to maintain a conservative position on the return on investment.
- The launch prices of the project increase in relation to the progress of the work. At the end of construction, the price of the acquired property could be around 20% higher.
- As it is not a finished apartment, reforms can be made inside the unit, for example in finishes and adaptations.
- You will be buying a new home, which is very attractive. In addition, most developers offer a one-year warranty for hidden defects.
- These are just some of the benefits of buying in pre-sale. Of course, they will depend on the particular project you choose. A professional Real Estate Advisor can be of great help in making decisions.
At Select Realty Mexico, we only have Real Estate Advisors Registered and Accredited by the Secretariat of Urban Development and Housing (SEDUVI) of the state of Quintana Roo.
