Just bought a place in Playa

mwhite981 · 08-12-2008

Hello folks, I just sent my deposit for a little townhouse in Playa. I have been there numerous times and thought it would be nice to own a place there. There is alot to learn about homeownership in Mexico and I will be stressed for the next couple of months. I'm leaving to furnish the humble casa on the 20th of August. I'll send pictures. This will be a working vacation so I'll be staying at the Holiday Inn Express, if anyone has stayed there I would appreciate a little info. My casa is on the non-beach side of 307 and some really good buys can be had with a little searching. I'm excited and anxious, wish me luck. Adios.

bethh · 08-12-2008

Congratulations!!!!! We're looking at doing something similar. I'm so envious of you! Please keep up with the details on the forum as I'm very curious to see how things go for you.

mfl*s queen · 08-12-2008

Congratulations, and GOOD LUCK!

JEZ · 08-12-2008

Congratulations and welcome to Playa!

Russell · 08-12-2008

bienvenidos!

southwind61 · 08-12-2008

Congratulations, way to make me envious, hope you get many years of enjoyment out of your purchase

Marj · 08-12-2008

Congrats

keep us posted this should be an interesting post. And good luck!

OregonNative · 08-12-2008

Congratulations! I will be watching for your updates.

bethh · 08-12-2008

So you have to give us the story leading up to the purchase!

mwhite981 · 08-13-2008

Thanks to the reader for encouraging me to write about my purchase. (I dont need much encouragement). First off I have very little pride, humility, or for that matter writing ability, so I will delve into detail.
I am a semi-retired police officer of meager means. Myself, wife and 3 kids have been to PDC numerous times and love the area. We started in earnest looking for property nearly one year ago. As you may or may not know financing property in Mexico is hard to do. This limited our ability to purchase property on the beach. Last time we were in Playa (May 2008) we rented a car and traveled to the West of 307 and started looking at all the development there. (there's plenty). After looking at numerous developments we ran across a developement named "Playa Azul" it looked very nice. The houses are townhouse designed, upstairs and downstairs, with 2 bedrooms and 2 1/2 baths. The complex has a pool, bike trail, and jogging track, near the Univerisity of the Mayan Riviera, a nice area. I expected the price to be out of my modest range, however, I was pleasantly surprised when the asking price was 680,000 pesos. Approx. 65,000 usd
Not knowing anything about buying property in Mexico I set out to find a Mexican Abagado (lawyer). More to come.........I'm semi-retired (emphasis on semi) have to go to work.

HAWKEYE · 08-13-2008

Congratulations and good luck.

Looking foward to your updates.
Craig.

mexisv · 08-13-2008

Sounds nice. Let me ask, is there a monthly fee to the develpement? And do you plan on renting the unit out when you are not there or are you making that your year round home?

Tesla 573 · 08-13-2008

Congratulations!....buying in Mexico is truly an adventure...we did it twice and are here now decorating one of the condos...lots of work and lots of fun.

bethh · 08-13-2008

Can someone elaborate on financing in Mexico? Why, and what makes it so hard to finance?

mwhite981 · 08-13-2008

Prior to realizing I needed an attorney, I was given a contract, all in spanish. It is important to note I can count to 3 and say good morning...all in spanish, however I realized I needed some assistance in the process.
My wife and I drove to 5th Avenue and popped into the first real estate office that was open. They were extremely nice and referred me to Alfonso a bi-lingual real estate attorney.
I took the contract to Alfonso and he told me he would take care of everything for 2300 dollars. By now had I said no, my wife would have divorced me and final days in Playa would of been hell. She had fallen in love with the little house and to be honest so had I.
With my wallet 2300 bucks lighter and 2 days to go on my vacation, Alfonso assured me everything would be ok. This was May 27th.
Fast forward to August 12th. (more later)

08-12-2008	#1 (permalink)
mwhite981 very sparkly Join Date: Jul 2008 Posts: 39	Just bought a place in Playa Hello folks, I just sent my deposit for a little townhouse in Playa. I have been there numerous times and thought it would be nice to own a place there. There is alot to learn about homeownership in Mexico and I will be stressed for the next couple of months. I'm leaving to furnish the humble casa on the 20th of August. I'll send pictures. This will be a working vacation so I'll be staying at the Holiday Inn Express, if anyone has stayed there I would appreciate a little info. My casa is on the non-beach side of 307 and some really good buys can be had with a little searching. I'm excited and anxious, wish me luck. Adios.

08-13-2008	#10 (permalink)
mwhite981 very sparkly Join Date: Jul 2008 Posts: 39	Buying a place in Playa Thanks to the reader for encouraging me to write about my purchase. (I dont need much encouragement). First off I have very little pride, humility, or for that matter writing ability, so I will delve into detail. I am a semi-retired police officer of meager means. Myself, wife and 3 kids have been to PDC numerous times and love the area. We started in earnest looking for property nearly one year ago. As you may or may not know financing property in Mexico is hard to do. This limited our ability to purchase property on the beach. Last time we were in Playa (May 2008) we rented a car and traveled to the West of 307 and started looking at all the development there. (there's plenty). After looking at numerous developments we ran across a developement named "Playa Azul" it looked very nice. The houses are townhouse designed, upstairs and downstairs, with 2 bedrooms and 2 1/2 baths. The complex has a pool, bike trail, and jogging track, near the Univerisity of the Mayan Riviera, a nice area. I expected the price to be out of my modest range, however, I was pleasantly surprised when the asking price was 680,000 pesos. Approx. 65,000 usd Not knowing anything about buying property in Mexico I set out to find a Mexican Abagado (lawyer). More to come.........I'm semi-retired (emphasis on semi) have to go to work.

08-12-2008	#2 (permalink)
bethh beachaholic Join Date: Mar 2008 Location: Hamilton, Ontario, Canada for now... wink wink nudge nudge Posts: 346	Congratulations!!!!! We're looking at doing something similar. I'm so envious of you! Please keep up with the details on the forum as I'm very curious to see how things go for you.

08-12-2008	#3 (permalink)
mfl*s queen reposado Join Date: Dec 2004 Location: Far North Chicago Suburbs Posts: 1,324	Congratulations, and GOOD LUCK!

08-12-2008	#4 (permalink)
JEZ añejo Join Date: Jan 2004 Location: At the Beer Bucket, Playa Del Carmen Posts: 3,717	Congratulations and welcome to Playa!

08-12-2008	#5 (permalink)
Russell way into it Join Date: Feb 2008 Location: Playa del carmen Posts: 234	bienvenidos!

08-12-2008	#6 (permalink)
southwind61 way into it Join Date: Jun 2006 Location: EDMONTON, AB. Posts: 125	Congratulations, way to make me envious, hope you get many years of enjoyment out of your purchase

08-12-2008	#7 (permalink)
Marj way into it Join Date: Dec 2006 Location: Winnipeg MB Canada Posts: 209	Congrats keep us posted this should be an interesting post. And good luck!

08-12-2008	#8 (permalink)
OregonNative way into it Join Date: Apr 2008 Location: Oregon Posts: 102	Congratulations! I will be watching for your updates.

08-12-2008	#9 (permalink)
bethh beachaholic Join Date: Mar 2008 Location: Hamilton, Ontario, Canada for now... wink wink nudge nudge Posts: 346	So you have to give us the story leading up to the purchase!

08-13-2008	#11 (permalink)
HAWKEYE reposado Join Date: May 2007 Location: Windsor Hts. Iowa Posts: 1,092	Congratulations and good luck. Looking foward to your updates. Craig.

08-13-2008	#12 (permalink)
mexisv way into it Join Date: Oct 2007 Posts: 177	Sounds nice. Let me ask, is there a monthly fee to the develpement? And do you plan on renting the unit out when you are not there or are you making that your year round home?

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08-13-2008	#13 (permalink)
Tesla 573 añejo Join Date: Sep 2005 Location: LA...Lower Ala Posts: 7,086	Congratulations!....buying in Mexico is truly an adventure...we did it twice and are here now decorating one of the condos...lots of work and lots of fun.

08-13-2008	#14 (permalink)
bethh beachaholic Join Date: Mar 2008 Location: Hamilton, Ontario, Canada for now... wink wink nudge nudge Posts: 346	Can someone elaborate on financing in Mexico? Why, and what makes it so hard to finance?

08-13-2008	#15 (permalink)
mwhite981 very sparkly Join Date: Jul 2008 Posts: 39	Prior to realizing I needed an attorney, I was given a contract, all in spanish. It is important to note I can count to 3 and say good morning...all in spanish, however I realized I needed some assistance in the process. My wife and I drove to 5th Avenue and popped into the first real estate office that was open. They were extremely nice and referred me to Alfonso a bi-lingual real estate attorney. I took the contract to Alfonso and he told me he would take care of everything for 2300 dollars. By now had I said no, my wife would have divorced me and final days in Playa would of been hell. She had fallen in love with the little house and to be honest so had I. With my wallet 2300 bucks lighter and 2 days to go on my vacation, Alfonso assured me everything would be ok. This was May 27th. Fast forward to August 12th. (more later)