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 down payment of 30%, some even accept a lower percentage.
- Many developers offer special discounts if you choose to make a larger down payment.
- Payment methods are usually flexible and can be adapted to the buyer’s needs. In some cases, the final payment can be covered with a bank loan.
- Some projects guarantee a return on investment through rental income, which can help offset the bank loan. However, it’s advisable to maintain a conservative stance on the return on investment.
- Launch prices of the project increase as construction progresses, so by the time the construction is completed, the price of the purchased property could be around 20% higher.
- Since it’s not a finished unit, interior renovations, such as finishes and adjustments, can be made.
- You’ll be buying a new home, which is very attractive, and most developers offer a one-year warranty for hidden defects.
These are just some of the benefits of buying in pre-sale, and they may depend on the specific 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 who are Registered and Accredited by the Secretary of Urban Development and Housing (SEDUVI) of the state of Quintana Roo.
