Get a lawyer to represent YOUR interests. A Notario will close the transaction but has no fiduciary responsibility to anyone, including the Buyer. You can buy without using one and rely on the broker and the Notario BUT they get paid when the deal closes and do not get paid until it happens. This will be the best advice you can get on your question. If there is a dispute of any kind between a Mexican citizen and a foreignor, who do you think gets the short stick? Welcome to Mexico.
We recently bought a condo in Cancun Centro, and there's plenty to think about. What object do you have in mind, in buying- a place to live, a rental property, a speculative investment, or what?
I own a condo in Playa and purchased it pre-construction 5 years ago. We were very lucky....but did a ton of homework before we purchased. So, here's my list: 1. Use a reputable realtor. Ask around to see who people recommend. There are definitely people to avoid. 2. Location, location, location. What do you want to be close to based on your price point? Visit the area you are interested in the daytime and also at night. Is it close to a bar with music playing late? Is there an empty lot adjacent which could turn into a place that is loud at all hours? This happened to friends of ours. It definitely has affected their investment. Would this bother you? 3. I didn't use an attorney and my friend did. I can't recommend one way or the other. I didn't have any problems but purchased from the developer directly. She purchased from an individual. 4. Check the HOA dues and WHO is the administrator. What is their reputation. We're trying to vote ours our this year. Look at the building, the books, and ask around. 5. What part of Playa appeals to you, north or south? Very different vibe. Or is Playacar of interest? There are many places for sale everywhere. Good luck with your search. We've been very happy for the most part. Our admin is an issue but one that can be resolved. e.b.
