Puerto Vallarta Real Estate Agents
Many visitors have jumped at the opportunity to call a piece of this Banderas Bay paradise their own. The Spanish came up with this name, seeing thousands of natives flood the beach holding colorful flags. Today, the Bay of Flags remains a spell-binding kaleidoscope of blues and greens, hypnotizing visitors from all over the world. But the name has taken on a new meaning conveying how international the resident community has become in Puerto Vallarta. Perhaps you are here to find out how to hire a reliable real estate agent in Puerto Vallarta. So, here is everything you need to know about how to find a local real estate agent!
Do I Really Need a Real Estate Agent?
Buying property in a country with laws and processes you are not familiar with and completing paperwork in a language you may not be fluent in can be overwhelming. It is not impossible, especially if you have a knack for complex, foreign systems. But if you want to save time and avoid making costly mistakes, find a real estate agent who lives in Puerto Vallarta.
Real estate agents are experts in the local property market. They should know the ins and outs of every neighborhood like the back of their hand. And be able to warn you of any planned developments that may potentially obstruct your view. Take advantage of their expertise and find out your compatibility with the area, especially if you are not based in Puerto Vallarta. If you will be flying in and out of the country during the buying process, your agent can inspect the properties on your behalf and give you video tours. Having a professional in your corner will also help you steer clear of accidentally buying ejido land – community land that can be confiscated by the government.
When working with a real estate agent, not only will you gain access to properties that can’t be found online, but also a bilingual agent will understand your needs, translate documents, and negotiate the price to reflect local market value.
So, do you need a real estate agent? No. Is one going to save you a lot of money and stress down the line? Absolutely, yes!
How Do I Know if the Real Estate Agent is Reliable?
In a place as high in demand as Puerto Vallarta, real estate is a lucrative business. In Mexico, the agents are not regulated by the government, the title is up for grabs. Anyone can call themselves a real estate agent with no training. To help you make sure your real estate agent is competent and will offer credible advice, here is a checklist of things to look for:
- AMPI member (Mexican Association of Real Estate Professionals that trains and certifies its members)
- Background (credentials/education)
- Type of employment (part-time agents may not offer the same commitment and availability as a full-time agent, like inspecting properties on weekends)
- Number of years a realtor has been working in the area
- Types of properties sold in the past
- Availability of references
- Online presence/professional portfolio
- Responsive in a timely fashion
Start by googling each candidate to refine the search before scheduling face-to-face or online interviews. Because independent agents are usually limited to showing private listings, you may have to work with several agents, so select a list of candidates. Beware when an independent agent pressures you to focus on condominiums or planned communities they probably represent. You want an agent who puts your needs first.
Do your due diligence on the area and the process of buying property in Mexico so you can confidently ask the right questions. You should be able to evaluate the credibility of your agent’s responses, and their ability to discuss trends and projections. Unless you are dealing with a property hunter, it’s an immediate red flag if the agent asks for an upfront payment. In Mexico, real estate agents get paid by the seller, earning a commission when you close. Lastly, speak to their previous clients to reassure you of your choice.
Where Can I Find a Real Estate Agent in Puerto Vallarta?
Get Recommendations from People You KnowInterviewing every cab-driver-turned-realtor you bond with on vacation might be a little time-consuming so start with sources you can trust. Begin by asking family and friends if they have recently worked with a realtor. Expand your search to colleagues and create a list of viable options to interview.
Reach Out to Expat Communities in Puerto VallartaThe next best place to search for tried and tested real estate agents is expat communities in Puerto Vallarta. Turn to Facebook groups, online magazines and blogs to search for advice and reviews.
Get Expert Assistance from a Real Estate AgencyWhen selecting to work with a well-established real estate agency, you get to skip all of the steps involved in searching for an independent agent. An agency will have a professional online presence and provide full transparency on their operations and realtors and allow you access to an extensive pre-vetted agent pool and property portfolio. You get to kill two birds with one stone. A reliable real estate agent in Puerto Vallarta and an experienced local attorney are the winning combination for a smooth and fair experience.
So, if you prefer to concentrate on finding your dream property and saving a bit of money for home décor, Far Homes’ bilingual professionals are here to walk you through the buying process, answer your questions and get information on properties you love. We will match you with a vetted local agent with no obligation or commitment!