Category Archives for "Buying Real Estate Online"

Online Resources for Buying Cheap Mexico Real Estate Safely

By Andrew John Cocks | Buying Real Estate Online

by Ken Lund

Online Resources for Buying Cheap Mexico Real Estate Safely

One of the key advantages to buying Mexico real estate is the price factor; high-quality properties in Mexico can be found for a fraction of similar properties in the U.S. or Canada. However, when embarking in the process of buying cheap Mexico real estate for the first time, it is advisable to do some research about the differences of acquiring and owning property in this country.

While buying and owning land in Mexico is 100% safe when carried out properly, a lack of knowledge can put your money and investment at risk. Even though the real estate is cheap, for most buyers they are investing here since that is what their budget can handle; significant investment amounts are being managed.

One option as a basic introduction to the key points is an online Mexico real estate guide; some informative e-books can be downloaded for free, in a matter of a few minutes.

A well-prepared guide of this sort will offer buyers information about the following points:

The buying process and the various contracts involved.
The differences of ownership in the “Restricted Zone” along the coast and border.
Costs involved.
Professional services required during the process.
The importance of finding a reliable, qualified agent to work with.

This last point stands out as perhaps the most important, since the right agent will inform clients of other necessary information and steps, and will be the key player in guiding the buyer through the process, avoiding unnecessary risks.

In the case of cheap real estate, it is especially important to be working with at least basic knowledge of the industry in Mexico, and the advice of a qualified agent – someone who can distinguish the difference between real estate that’s cheap because there’s something wrong with it, or its legal status, or cheap because it’s a really good find and great deal.

When a client has an inexpensive property presented to them, the agent will be able to explain why it’s cheap, how this is an advantage to the client, and what disadvantages there are. They will also be able to raise a red flag when something looks suspicious.

Buyers looking for cheap real estate are definitely starting off on the right foot by looking in Mexico; they should keep their progress on track by obtaining accurate information and working with a reliable professional.

TOPMexicoRealEstate.com; Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

Buying real estate online: What to look for

By Andrew John Cocks | Buying Real Estate Online

by alancleaver_2000

Buying real estate online: What to look for

Article by Antonio Hernandez

When you want to buy some property but can’t really decide how to proceed, the internet can be a boon to your search. Nowadays, the realty markets in popular leisure destinations are booming. Places like Panama and Costa Rica have become favorite investment destinations for anyone seeking beautiful weather and stable investment. As globetrotting is not everybody’s cup of tea, online marketplaces have become popular alternatives. But the questions is do they really work and are they really safe? Here are some general guidelines for what to look for when buying real estate online.

To start with, you will find property auctions in all the principal bidding sites like eBay. You will find all sorts of deals from small cottages to vast ranches to buy. You can also by non existent properties that will be developed after you make the payments!

There can be various problems with these sorts of sites including questions about the legality of the deal itself. This is especially true when you are shopping in new markets like Panama; don’t lose your head, there can be traps everywhere. The property itself might not be available for purchase or it might need extensive and costly renovation. Also there are different sets of rules and regulation in different countries. So you need to be sure if you have all the necessary permissions or not before placing your bid.

The good news is that these auction sites are not legally binding like real auction houses. They just facilitate the interaction between you and the potential seller. So after the bidding you can meet up and fix the deal, and there is always the option of backing out of the deal. Just remember that you never finalize the deal until you have actually seen the property and ascertained all the details.

Also please note that the eBay has two types of deals called binding and nonbinding. Don’t get misled by these terms. Those terms are strictly for eBay’s internal operations and have nothing to do with actual legal procedures. If you are bidding under a binding auction then you are showing a real intent of buying. If you don’t keep your word afterwards, you will get negative feedback from the site that will affect your virtual image. However, there is really nothing more to it than that. Apart from the bids, you will also notice hundreds of advertisements selling property over the net. Those links will take you to sites by property developers and referrers. On these sites try to dig out the hidden terms and conditions before proceeding.

Don’t hesitate to use the convenience that technology is providing you. We have to accept that the web has made life much easier for us. Any kind of information is now just a mouse click away. At the same time it has given rise to a new breed of fraudsters and scams. For this reason due diligence and research are necessary, just the same as when buying a piece of real estate offline.

Related Buying Real Estate Online Articles