Types of Lots and Purchase-Sale Considerations

Currently, Vallarta · Nayarit offers various real estate options in which to invest, including luxury condominiums, residences and villas with different architectural and design styles that are modern minimalist designs or preserve a traditional Mexican architecture. However, real estate continues to expand through the offer of vacant lots. This has become an excellent option when entering these coasts of the Mexican Pacific.

The real estate sector in the region continues to boom due to the supply and demand of this type of property.

The trend in the purchase of lots is growing thanks to the large developments that have begun to be built in and around the area. These developments have served as an influence for new investors seeking more private natural landscapes to call their own.

Benefits of Buying a Lot

Among the advantages of buying land, the most outstanding characteristic is that it is usually less expensive to buy undeveloped property. It represents great savings if you have an adequate construction team to build to the taste and need of each project. For this, the investor must be clear if what he is looking for is a view of the beach, privacy or something closer to the city. Another advantage is the fact that its acquisition, in most cases, can be easier compared to the purchase of a finished property.

Previous Considerations

Before buying a lot, it is recommended that the interested party consult a professional real estate agency endorsed by AMPI. This agency can determine the legal situation of the land. In addition, the investor must have a clear budget and the typography of the land to determine if the type of construction that is planned will be viable. Oftentimes, the topography will determine the degree of difficulty of the project and therefore, directly correlates to the construction price. Finally, it is necessary to reconsider if the land really meets the desired expectations, that is, if it will be large enough to fulfill its main purpose, whether for the construction of a residence, a luxury real estate development or commercial plaza, among others.

Lot Types

According to its purpose, size and location, a lot can be residential, commercial, industrial or green open space with some vegetation (the latter intended for the realization of ranches, farms or fields).

Likewise, in some micro-destinations such as Sayulita and San Pancho you can still find residential lots within those communities and near the beach, with measures ranging from more than 2,100 square feet. In the same way, there are green lots established for the construction of a house per hectare (so that the environment preserves the jungle environment and the privacy that many new residents and investors who bring in real estate projects are looking for).

In most cases, it is necessary for foreign buyers to have a Trust, which is set up to hold the deed of the property if it is within certain restricted areas. However, agreements made with a foreign-owned Mexican corporation are increasingly frequent (with this, the Trust would no longer be necessary since the corporation would become the owner of the land and deeds). This is very common when buying large lots.

Buying-Selling a Lot

The buying and selling process has an average duration of 45 to 60 days and is unique for each case, since it is about land with different circumstances and characteristics that require specialized treatment. For the purchase agreement to be successful and efficient, the interested buyer must have sufficient capital and the owner who wishes to sell must have the legal deed (or Trust). This documentation regarding the lot must be signed and registered with the municipality, and there must be verification that it does not have debts in payments such as the property.

Due to the great real estate boom, as well as the potential of the region, more and more investors are looking for lots of certain dimensions to create residential or commercial spaces while retaining the elements of nature in the design of the space.

Development in some areas seems inevitable, but there is a stronger push towards environmental awareness. The development of our beautiful coastline needs as much care for the natural environment as possible.