78.8 F
Mérida
Thursday, May 26, 2022
###

Shopping for a home with your eyes wide open

Latest headlines

New study reveals the stunning cost of corruption in Yucatán

According to a new study by the INEGI, corruption in Yucatán costs the state 9.5 billion pesos a year, the highest in the entire country. 

Yucatán boosts its own unique brand in Europe

Authorities from Yucatán announced a new campaign to promote the state as a destination for European travelers. 

After more than 2 months, why are Mérida’s most iconic monuments still covered in graffiti?

Since the protests held on International Women’s Day back in early March, several of Mérida’s historic monuments remain covered in graffiti. 

Scientists warn some types of sargassum could impact on human health

Large amounts of sargassum are now washing a shore in locations previously relatively untouched by the algae, such as the theme...
Melissa Adler
Melissa Adler is a New York native who lives in Mérida. She is also a buyer’s agent for Mérida Living Real Estate. Contact her at melissa.meridaliving@gmail.com.
iStock

Most buyers fall into three categories. 

There are buyers who’ve been to Yucatán before and have decided to purchase a home here. They’ve spent hours researching the process and are ready to rock n’ roll. 

Then there are folks who’ve visited once or twice, like what they see and love the vibe, and want to explore and learn more. 

And finally, there are those who’ve decided to check out homes on a whim a day before their return flight or because it’s raining and they can’t go to the beach.

If you fall into the first two categories, finding the right people to guide you along is first and foremost. You need to align yourself with reputable and knowledgeable professionals. 

You’ll need a good real estate agent, attorney, and if you’re renovating, an architect and builder.

Real estate agents

Choosing one agent who you’re comfortable with will make your search so much easier. You’ll want someone who listens to your wants and needs and respects your budget. Assuming you like him or her, stick with one agent. We don’t get paid until you have keys in hand and truly appreciate your loyalty. Flitting from flower to flower seems to only work well with bees. 

A reputable agent will show you properties that meet your criteria, not just the ones listed by their office. You’ll want to see as many good options as possible.

Start by making a list of your non-negotiables and preferences and include on your list the things that are deal-breakers. Have a firm price point in mind. It’s alright to be unsure of location. That’s something your agent can help you determine, and so can an honest taxi driver. 

Communication and trust is the key here. You’re not buying a used car. You’re investing hard-earned money into a home. The more you share, the better we can serve.

Attorneys

Find a great attorney and make an appointment to meet (or your agent can help find one). Someone who is willing to sit down with you and explain the entire process. There usually isn’t a fee for a consultation so take advantage of the opportunity while you’re house hunting.

If you are not a Mexican citizen, you will most likely need a bank trust called a fideicomiso. Your agent will explain that. There is residency status to consider and capital gains liabilities. Those are other topics to broach with professionals. 

There is a lot that differs from your home country and having a clear picture of what to expect is in your best interest.

Renovation projects

Do yourself a favor and forget everything you know about construction where you come from. The sooner you realize that the advice you’ll receive from architects and construction professionals should be heeded, the happier you’ll be. 

You won’t see drywall or studs or basements here. Your roof will be flat and needs to be maintained regularly. You’ll understand the importance of roof maintenance during the rainy season. 

If you are renovating a home in the historic district, you will need to obtain permits — and don’t let anyone tell you differently. These take time and should be factored into your time frame.

Humidity is an issue almost all homeowners deal with in Yucatán. The peninsula is primarily limestone and with a system of thousands of underground rivers and cenotes. You will occasionally have to cope with peeling paint and moisture in your new home. This is why the rooms in many old homes are painted two colors. When moisture builds up, you only have to repaint the lower section of your walls. There are some great solutions to minimize the problem and your builder can help.

Home inspections are becoming more popular and something to consider. If nothing else, you’ll want someone to inspect the roof and mechanicals.

Living in Yucatán is a dream for many and, for me, a delight. There’s so much to learn and great people here to help you navigate your new life here. In the meantime, do your due diligence, make your wish list, contact a reputable agent and get ready for a great ride!

Melissa Adler is a buyer’s agent for Mérida Living Real Estate. Contact her at
melissa.meridaliving@gmail.com
.

A version of this story appeared in Issue 2 of Yucatán at Home.

- Advertisement -

Subscribe Now!

More articles

Mérida, but not the Caribbean resorts, named in Airbnb survey

Mérida Yucatán is one of the oldest cities on the American continent and boasts the oldest cathedral on the continent’s mainland....

Yucatán goes from 0 to 78 daily COVID cases in 6 weeks

The Yucatán health ministry reported 78 new COVID infections, the highest number of daily new cases since March.

Pig farm accused of hiding cenotes and filling them in with cement

A pig farm in the municipality of Homún is being accused of filling in and hiding two cenotes from environmental authorities. 

New augmented reality app tells the story of Mérida’s iconic corner plaques

Mérida´s municipal government is launching a new mobile phone application to tell the story of the city’s iconic Centro corner plaques.

Tortas in the Park: Family carries on the tradition for 63 years 

Taqueria Don Beto in Parque Las Américas. Photo: Carlos Rosado van der Gracht Strolling through charming Parque de...

Kankí, the Maya city where the stone eyes of ancient gods burn as hot as the sun

Kankí may be only 10 miles or so from the Mérida-Campeche highway, but feels a world away.

La Plancha park project moves forward with a huge budget

Government officials announced an agreement to make the La Plancha land 100% parkland. Photo: Contributed The park that...

Court sets limits for ‘racist’ immigration checkpoints in Mexico

Mexican soldiers review documents at a Zacatecas checkpoint in March. Photo: Pedro Pardo / AFP via Getty Images

You won’t miss the meat or dairy in these recipes from Yucatán

Vegan, vegetarian and plant-based lifestyles are easy to enjoy, despite living in meat-centric Yucatán.  Now that we’ve listed our...

Yucatán COVID patient 1st to die in 49 days

Coronavirus cases rose steadily in a week that ended with Yucatán's first COVID fatality since April 2. A...