Is there a website you guys use to find properties to view? does anyone know how reliable www.viviun.com is? thanks
I'd suggest a more locally focused site rather than one that deals with the whole World. Try: casas, departamentos, terrenos, ventas, rentas en Cancun. Houses, condos, lots, homes, for sale, lease, and rent in Cancun, Mexico. or Inter Realty Brokers - Prime Properties Cancun Lots of Cancun properties there
I like to watch what's offered at these two Sites: Index.cshtml Cancun Real Estate We're not looking to buy as we already have a Casa but I do like to keep track of what current prices look like. Another good way is to drive around. There is a developer built beauty two Casas down from our place that looks to be a direct owner sale.
I haven't really been looking for overall trends as much as what the single family market looks like in the Hotel Zone. There still are a few and the asking prices seem to be remaining on the high side. I have noticed that there are a number of single family homes in Centro up for sale, more than say 5 years ago.
Traspaso is more commonly paying the owner for their (perceived) equity and taking over the existing mortgage. In the absence of real market values being determined, most owners selling via Traspaso take their down payment, then add to it the sum of all their monthly payments and that is what they want for the down payment. Then you take over whatever deadly high interest rate they signed on for. More simply put, they want to have lived for free during their ownership. In order for that to happen and make any sense at all is for real estate to have inflated at a rate equal to, or more than, their ridiculously high interest rate loans. Some times it works but, IMHO, more often than not the new buyer gets the short end of the stick. But at least they will own a home, although being upside down in it.
