With its beautiful beaches, vibrant culture, and unique cuisine, it’s no surprise that buying Puerto Vallarta real estate has become a popular destination for expats and real estate investors. However, buying real estate in a foreign country can be intimidating. It is important to understand the process of purchasing real estate in Puerto Vallarta so you can ensure a smooth transaction. Let’s take a look at how to buy property in Puerto Vallarta.
Find an Experienced NUHome® Sales Professional
The first step in buying real estate in Puerto Vallarta is to find a NUHome® sales professional who is knowledgeable about the area you would like to buy property in. They will be able to answer any questions you have as well as advise you on what price to offer for potential properties. They will also work with your lender or attorney during the closing process if necessary.
Negotiate and Make an Offer
Once you have found the perfect property, it’s time to make an offer. Be prepared for counter offers from sellers, and remain patient with your liaison throughout the process. Contingencies are common but may weaken an offer if not justifiable; however, your NUHome® sales professional can help you navigate through this process and make sure all contingencies are clear and reasonable. Finally, an earnest money deposit of 10% of the purchase price should be sent to an Escrow account as protection for either party in case of default. Your sales professional should help guide you through this step as well.
Understand the Process of Buying Puerto Vallarta Real Estate
While it may seem intimidating at first glance, purchasing real estate in Puerto Vallarta is quite predictable and safe – so long as you understand the process beforehand and take advantage of local expertise when needed! The system has been used successfully by Americans and Canadians since 1974; there’s no reason why you can’t join them today!
So, purchasing property abroad can seem intimidating at first glance; however, with knowledge of local laws and regulations combined with assistance from experienced professionals such as those at NUHome® – it doesn’t have to be! With patience and diligence, you too can own a piece of paradise right here in beautiful Puerto Vallarta!