MexicoA Buyer's Market in Puerto Vallarta, Mexico
By Jim Scherrer
Summary: Thinking of buying a second home or moving to Puerto Vallarta? Current market conditions may make it the perfect time to buy property in Mexico.
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About the Author
Jim Scherrer, PVREBA, has owned property in Puerto Vallarta, Mexico for 25 years and resided there for the past eleven years. The mission of his series of 50 articles pertaining to retirement in Puerto Vallarta is to reveal the recent changes that have occurred in Vallarta while dispelling the misconceptions about living conditions in Mexico. For the full series of articles regarding travel to and retirement in Vallarta as well as pertinent Puerto Vallarta links, please visit us at PVREBA.com.
Additional Information:
- Mexico Guide
- Healthcare & Health Insurance in Mexico
- Members Talk about Healthcare & Health Insurance in Mexico
- Best Places to Live in Mexico
- Real Estate in Mexico
- Guide to Real Estate in Mexico
- Pros & Cons of Living in Mexico
- Cost of Living in Mexico
- Pros and Cons of Living in Mexico
- Chikungunya Disease in Mexico
- Zika Virus in Mexico
- How to Rent a Home in Mexico
- 2024 Guide to Living in Mexico
- Pros and Cons of Living in Mexico 2024
- 2024 Guide to Moving to Mexico
- Members Talk about the Cost of Living in Mexico
Comments
polszewskiGreat article. Does this go for Punta Mita as well? Where is the best place to see the current listings?
barquentineWhat about the violence in Nayarit? I don't see it any safer than anywhere else. Nayarit is a heroin centre, right?
StuartPrivate sellers face something of a conundrum. For many years property prices escalated dramatically until he global financial crisis struck. Admittedly some developers have reduced formerly sky-high prices, but for the most part asking prices are still high. Buyers, of course, will harangue the developers for a reduction, often successfully. But what of the private seller? I,for example, have a property for sale and am advertising it at a truly realistic price. However,any potential buyer is going to wish to make a lower offer. So what do I do? Advertise the property at my fair "genuine good buy" price, or ask a substantially higher one that gives me a margin for "bargaining". There is a risk that doing so might put it above the would-be buyer's spending limit. Would he/she be likely to cross it off the list of "possibles" - or accept that although it is beyond their purse it might be worth investigating bearing in mind they could make an offer. In other words honesty, or sales techniques on my part? .
marilynexpatIs this still true today, May 2014? this was written in 2009. How has the market ch anged since than?
