The reasons why investors usually buy cheap property for sale by owner in Mexico (FSBO) is because this can offer some unique advantages, but it also comes with some risks.
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Mexico
Boutique Hotel on Breathtaking Beach Location
Location
Celestun, Yucatan
Property Type
Investment
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Price
$2,685,000
Mérida the capital of the state of Yucatán, can be found in the northern part of the Yucatán Peninsula, and conveniently located some 30 km or 20 miles from the Gulf of Mexico.
Often called the "White City" due to its historic limestone buildings, Mérida has a world famous Mayan history, togther with colonial Spanish architecture.
Buying cheap property for 'Sale by Owner' is usually down to a lower price, there are No Agent Fees, as sellers often price FSBO properties lower because they're not paying a real estate agent commission which can be 5-6% of the sale price.
As a buyer or investor, there may be room to negotiate a better deal directly with the owner, which may allow for more flexible terms and quicker and easier negotiation.
If the property is undervalued due to being in poor condition or in a transitioning neighborhood, renovate to hold and build equity over time could be viable.
FSBO properties are often marketed less aggressively, meaning fewer buyers may be aware of the listing, and these properties are ideal for investors or looking to buy at a low price as FSBO deals are often below market value when requiring attention.
A higher risk of errors in paperwork or missing disclosures can though occur, so due diligence is required at all stages, and hiring a real estate attorney for the legal aspect is essential.
If you are an experienced buyer or investor, have cash on-hand or good options on financing, buying cheap property in Mexico that is for 'Sale by Owner' can be an option.
Mérida the capital of the state of Yucatán, can be found in the northern part of the Yucatán Peninsula, and conveniently located some 30 km or 20 miles from the Gulf of Mexico.
Due to the popularity of the location there is a market for investing or buying vacation homes, retirement residences, and rental property, and are seen as viable when price compared to Cancún or Playa del Carmen.
Mérida is deemed to be a safe city with a large tourism industry feeding the rental market due to the popularity of Mérida among expats, and retirees.
