New Developments in Playacar

5 checks before buying pre-construction in Mexico

• Land title and permits — Ask for the escritura of the land and the construction licence (licencia de construcción).
• Developer track record — Visit delivered projects by the same developer.
• Escrow or trust — Payments into a fideicomiso or escrow, not a personal account.
• Delivery penalty clause — Contract states a penalty per month of delay.
• Rental rules — Check HOA rules for short-term rentals before you buy.