Really nice property in Jocotepec. I love the town there. Having a pool just 20 feet away is great too Really good map narrative too. Other properties are nice too. 👍 and if anyone is reading this comment please contact Amanda. She was a great help to me when I returned to Ajijic.
Great info. All true. I hope people understand pricing here. It’s like saying: I have $100k and want to live in San Francisco. Not happening. It’ll have to be another town, another state.
Amanda. I liked how you combined the map and the home in your sales presentation. Then, you calculated driving times. I’ve sold all my life and will be moving to Mexico in a few months. I can tell from my 40 plus of selling remodeling, you are simply fantastic!THANK YOU
Smart, smart video. Doing videos of properties under 150k is so smart as an agent. I can’t tell people how many agents say you can’t find anything for 150k or less in the lake Chapala area, and it’s not true. As a matter of fact , I was told that in 2006. Of course everyone want to sell the 500k or 1 million dollar homes and get that commission. Who wouldn’t!! But there’s a market full of people that want to sell a house in the US for 200K or 250k, pay off their debts and use the remaining cash to buy a house at the lake. There’s got to be a huge market.
I live in California and seriously considering moving down there, I will reach ou to you in early May when I visit guadalajara and chapala=ajijic areas. Thank you
@@jorgecortes3453 Excellent, see you then! Shoot me an email if you'd like to stay with us at our bnb in Ajijic Centro, or would like me to send over some listings that might interest you. :) amanda@lakechapalarealty.com
Well put together video. the only problem is that every one of these places seems to be a gated community, mini Gringo town. Just as it was five or six years ago when I came looking. 5 days was enough for me.😁They may be OK as an income source, but certainly not as a place to live. since most of these places are bought and then rented out. often as short term weekend rentals for party people from Guadalajara. Let the buyer beware! Haha.
To each their own, a lot of my buyers prefer gated communities. And they're absolutely livable. My personal preference is small homes that I can make super cozy. If it's not your thing, doesn't mean it's not someone else's.
@@johnkennettle7567 Actually, spoken like someone who has lived here 7 years and knows the area better than someone who spent 5 days here. Guess who develops those gated communities? Mexicans. Guess who buys in those gated communities? Americans AND Mexicans. I have a Mexican couple right now looking to buy and they want a gated community with an influence of Americans so that the wife can practice her English.
I’ve seen recent videos discussing the lack of infrastructure re sewage and water treatment facilities in the lake Chapala area. How do your clients manage the issues? Sewage tanks, reverse osmosis/UV? This is the main issue for me. Thank you
Yes, infrastructure is always the main problem in growing areas, and the city does their best to accommodate. There will be issues, however most homes have UV, cotton and carbon filtration systems, and some have reverse osmosis. We own a bed and breakfast, and have UV, cotton, carbon and it works great! We also have it in our home. Sewage is not really an issue here, but septic can be if it's an old system. Especially in the center of towns because it's hard to get to some of these old septic systems if something is wrong with them, and most of the locals can't afford to replace them, but not as big of an issue as you'd expect. I HIGHLY recommend buying a home on sewer opposed to septic, unless it's a new septic system.
You're welcome! Actually, yes a lot of the homes do come furnished as it's not easy, and is a bit costly, to ship furnishings to the US or Canada (if they're selling to leave the country). It's also very easy to furnish a home here (if they're selling to move to another part of Mexico).
Hmmm... good video about swimming against the current. ($100K is a tough price point lakeside.) But... these sorts of properties in Leon, say, or Aguascalientes, or Cuidad Guzman would be less. But how much less, in your professional opinion? 30%?
Hello Amanda, I am considering moving to Chapala area but I can't come up with large amounts of money. I can afford monthly payments but not all money at once. Is there a bank or lender who can help me or how does the lending process work there especially the interest rates?
Joseph, we are in the same boat. Lending for a mortgage is a minimum of 30% down, 20 years, 11%+. This makes it almost impossible. But rentals can be a great way to go. Hope that helps.
Unfortunately it's still near impossible for foreigners to receive mortgage loans from a Mexican bank. Even if you're a citizen, jumping through hoops for your first mortgage loan is an understatement. There are private lenders, but they're hard to find, and when you do find them, it depends on if they have funds to loan at the time of asking. The interest rate is about 12% maturing at 2 or 3 years. Some sellers are willing to finance the home, but the same terms will apply. I've been hearing a lot about US lenders willing to finance properties in Mexico, so I would ask around and find out which establishments are willing to do so.
