It has become more and more common to hear anecdotes from acquaintances who purchased a pre-sale real estate product in Playa del Carmen, and who come across fraud or uncomfortable situations such as, an apartment that is delivered several months late, a tower of apartments that are not being built, amenities that are not finished, or a quality of finishes that is far from the renders or reference images.
This is due to many reasons, including a lack of permits and licenses, a lack of professionalism on the part of the developer, a lack of professionalism on the part of the real estate consultant, or a lack of financial funds.
For these reasons, we must ensure that we take the following measures into account:
- Do your research on real estate development
In addition to seeing the plans, renders and other sales material, another way to be certain about the real estate product is to verify that it has permits and licenses, including the construction license, the proof of land use, the removal permit. plant, and the environmental impact statement (MIA). In addition to making sure that the development already has a Condominium Regime or that it is in the process of being processed, since this is necessary for your property to be registered. - Look for references about the developer group and its trajectory
In the first instance, you can do an internet search on the website of the development or the developer group, many times on the website there is evidence of previous developments or portfolio of projects where the developer has participated, these are good indications to have the certainty and security that we are dealing with a professional and experienced developer. It is also recommended to visit these developments and the developer’s offices in person, that way there will be a way to have even more references from the developer, from the way they design and project the spaces, their technical team and the way they build. , the quality of the materials and finishes, and the experience of other clients of the developer group. - Make sure the real estate advisor is an experienced and professional person
In the Riviera Maya there are many real estate advisers, several of them with a lot of experience, technical knowledge, and even legal about real estate, but there are many who are just entering this field, and are more motivated to sell those developments where they offer more commission , or that are within your portfolio of properties.Therefore, make sure then that the real estate advisor is a person who guides you in the buying process, guides you and gives you valuable information so that you are the one who makes the purchase decision, do not let them manipulate you or make you make a hasty decision.
If the real estate agent gives you enough confidence to continue your buying process, and you also have enough certainty in the real estate product and the developer, you will already be in a position to make a formal offer for your next apartment in Playa del Carmen.
- Review the purchase agreement thoroughlyThis document legally formalizes the act of buying and selling. At this point it is important that you consult with your trusted lawyer or notary so that you have legal certainty of what you are buying, and above all that what the contract contains is consistent with the information provided during the sale process, such as the amount to be paid, payment conditions, what includes and does not include the department, delivery time, penalties, etc.
- Find the payment method that best suits your needsYou may be a foreigner, a foreigner or that you live in Quintana Roo, the important thing is that you use the safest form of payment that allows you to prove that these payments have been made, such as transfers or certified checks.
- Deed and take possession of your property
For the deed it will be necessary that the real estate development has a Condominium Regime and a regulation, make sure that the developer has it in process or even has it ready as you progress with your payments or prior to the liquidation of the property, since Without these documents your property cannot be notarized.
Iván Pérez
Project Manager and Real Estate Developer
