Did you know the time of year you buy a property in Mexico can greatly influence its purchase price?
Many people know that the spring months are the best for home buying, and that’s true when you’re considering the amount of available properties, but the competition between home buyers can sometimes drive prices up. On the contrary, during winter months, there are a few less options, but it’s still a great time to look for your dream home.
Just as the seasons of the year change, so do the purchasing conditions. Therefore, choosing the best time of year to buy a home is something to keep in mind.
It turns out that the months from November to May are a convenient season to buy real estate and we’ll go into the reasons below.
The Best Price on a Home in Mexico
Toward the end of the year is a great season for negotiating the purchase price on the home you want to buy. November and December are the last chances of the year to sell, so both homeowners and real estate agents are typically eager to negotiate closing costs and commissions.
Prices and Taxes on a Home in Mexico
The change of a new year always brings increased taxes along with it. Planning your purchase at the end of the year is the last time to shop for a home with current tax rates before they go up.
Each new year also brings inflation. As soon as January rolls around, rates will all be different, so it's a good idea to take advantage before these numbers grow.
Spring is the Strongest Season for Real Estate Purchases
All that being said, the spring months are when there are the most properties for sale so your home buying options will be greater than at other times of the year.
If you’d like to see various types of homes and condos in Mexico, spring will be the best season to do so.
When are Property Sales Quick?
As winter months are the last time of the year to make a sale, the home buying process can move much faster and more efficiently toward the end of the year. If you’d like to have your new home purchased quickly, winter may be the best months for you to buy.
Is this Your Year to Buy A Property in Mexico?
At Tao Mexico, every season is the perfect season to buy a home or condo in Mexico.
We typically see an influx of home sales in winter and spring months as expats are looking to escape the winter-y chill of their home towns and travel to more tropical climates for the perfect home buying experience.
Whether you’re planning to buy a retirement home, a vacation rental or a second home to spend a season living in a tropical climate each year, at TAO Mexico, we can help you.
We have breathtaking properties in the primary beach destinations in Mexico such as Los Cabos, Puerto Vallarta and the Riviera Maya.
We’re a real estate agency with years of experience in the market delivering over 1,300 properties. We’ll walk alongside you throughout the purchase process: from home and location selection to the moment you receive the keys to your new home.
Contact us today and we’ll answer all of your questions and begin showing you the fantastic properties that are currently available.