Finding and working with a reliable local real estate agent can pay long-term dividends when it comes to renting, buying, and selling property in Mexico.
Choosing your location and locale
When you’re scouting for a home in Mexico, you’ll need to undertake some research to learn about the location and the locale, the market, and the procedures and requirements for property purchase here.
Mexperience offers detailed information and guides that help you to discover places to live in Mexico, and help you assess how locations may fit with your lifestyle plans and intentions.
Also download our free eBook about Living & Retirement in Mexico, that contains an entire chapter on choosing a place to live.
Working with a local realty agent
Once you choose a location to live in, getting to know the area intimately is a critical aspect of your planning work. If you have years to plan, then perhaps a few visits —including some extended stays locally— will help. We have always suggested to our readers that renting for a time in areas you don’t know is more prudent than jumping-in with a property purchase right away.
When you finally decide to move to a specific location in Mexico, consider spending some time looking for a good, well-established, local realty agent in the area.
Realty agents don’t have to be licensed in Mexico, but many are a member of AMPI, the Asociación Mexicana de Profesionales Inmobiliarios or other, regional realty associations.
Agents who are members of these associations receive training and certification, and abide to a certain code of ethics, but note that association is not a form of guarantee or insurance and an Agent’s association does not afford buyers or sellers any protection in the event of mishaps beyond those already afforded by law.
Signs of a good realty agent in Mexico
A good local realty agents in Mexico will:
- have lived in the area for at least some years;
- know the local market, the terrain, the neighborhoods, and the local highlights;
- be prepared to be upfront with you about any local issues and low-lights, helping you to make informed choices;
- be willing to help you to find a rental home or AirBnB for an extended stay in the area before you commit to a purchase;
- provide references from other clients they have worked with to attest to their local knowledge, experience, and service;
- provide advice and support throughout the buying (or selling) process once you have chosen a home to buy;
- project manage the mechanics of your purchase including liason with the seller, Notary Public, etc.
Properly established realty agents might also connect you to houses not generally advertised for sale, or homes which have only recently come to market but which have not been well publicized.
They’ll also be able to rent your house when you’re not there (ideal for part-time residents), help you to make the move to Mexico with connections to reliable local service providers, and later on they may also help you to sell your home. A good working relationship with a professional and experienced local realty agent can last for years and pay long-term dividends.
Guide to working with a realty agent in Mexico
For a detailed guide packed with tips and local knowledge about the practicalities and benefits of working with a real estate in Mexico, download the free eBook guide to Working with a Realty Agents in Mexico.
Get connected to a local realty agent in Mexico
Buying a home anywhere in Mexico requires research and patience, and a good local realty agent can help with the search and purchase.
Buying, owning, and renting a home in Mexico
For detailed information about buying, selling, and renting a home in Mexico, as well as insights about the implications and responsibilities of owning a home in Mexico, download our free eBook guide to real estate in Mexico.
There aré other asotiations in Mexico, in Quintana Roo state there is AMII, Asociación Mexicana de la Industria Inmobiliaria, that has been accepted by NAR, American National Asociation of Realtors, where you will find also very good Profesional Realtors, reliable and well prepared. Also Quintana Roo State has stablished a mandatory license to be able to work as an agent in the state.
Please be informed that no license is required in Mexico for realtors or agents. Consequently, a wide range exists in skill, ethics, experience among realtors.
It’s true that most Mexican states don’t require licences, but as Gabriela said above, this is changing and associations here are aligning themselves with US equivalents, and sharing knowledge with the aim of improving the way business is conducted.