Are you a U.S. resident looking to relocate or invest in Mexico?
Are you a Mexican resident and are looking to invest in Real Estate in the U.S?
Please take note: Before you start searching for properties, get pre-qualified based on your payment capacity. This step will make the buying process easier for you.
The border between Tijuana-San Diego is the busiest in the world. With the continuous growth of urbanization, an investment in this border is a safe option with high capital gains in the medium term.
We are currently experiencing a high Binational demand for Real Estate properties; rents have doubled and tripled in the last 10 years due to this high demand.
Migration from the United States looking for properties on our Mexican border has caused prices to rise. So, how do you know which is the best credit? What should you check when investing in a property or land? And when acquiring a property, where do you find the best location/sale price?
Some examples of important information to have on hand are:
- Credit Report, whether you are a Mexican or American citizen, it is necessary to know your credit score and start a repair program- in case needed- to receive the best financing programs.
- Identification can be your INE, ID card, or passport, among others, updated with your current address.
- Bank account statement and pay stubs, from the last 2 months. Tax returns.
The process of buying a property can be stressful. Did you know that in Mexico you can obtain financing, even if you are an American citizen? You will need to gather documentation, choose the type of credit and commissions, investigate if the property is free of liens, and check its value, among others.
We recommend you go to your bank, broker, or trusted Realtor; they will help you clarify all your doubts and choose the best plan available based on your needs and financial conditions.
Adriana Hernández, Certified Real Estate Agent in México. SEP-CONOCER # 14093022
www.newjourneyre.com
NewJourney Real Estate Group
