Last year 2007 I went for an amazing trip to Yucatan in Mexico, I am so glad I did as I ended up purchasing my first piece of Mexico Real Estate, yes that's right Merida Yucatan Real Estate.
On Day 2 of the trip John and I went to a realtor just as they were closing and asked to see a short list of Yucatan properties, he was more than happy to take us so the next day we had an early breakfast, John had bacon and eggs saying he always bought investment homes in the US on a full breakfast as he was an expert on real estate I thought he was right and had a fattening breakfast too.
The realtor met us at the hotel which was really nice as due to a mess up we had to move hotels to a different location, he said that Merida Centro was a good choice and clearly explained the benefits of the area it was great, we also asked some young people about the area as we find they are generally pretty honest about what they think of things and we thought if there were any problems with the neighbourhood the kid's would know.
Having seen three properties in Merida we decided we wanted something big enough for a small pool either a swimming pool or just a plunge pool for a cool dip on those hot days. We also loved the beautiful colored tiles on the walls of most homes and decided these were our 2 wants. I remember it well at 2 pm the Yucatan Real Estate agent drove us up to a small fronted home with a classic gated door, wow I thought if it has this much character on the outside what will the inside look like, the home was listed for $65,000 USD the agent thought it was a good deal. We walked inside and looked around wow great potential our hunt for a piece of Yucatan real estate may be over as this was beautiful. The hallway entrance area lead to three different rooms, it was hard to tell what they had been used of as the house had been empty for sometime but it had tiles everywhere, this lead to a large rear garden that was fenced with a solid wall around so no one could see in (except the friendly Yucatan neigbours).
Long story short John and I went back to the office and made an offer of $45,000 the agent was a little shocked at our offer but was more than happy to take it forward, we ended up agreeing on a price of $55,700 as the owner wanted it sold. This gave us extra funds to renovate and we have already used the property for one holiday, really a renovation vacation. My dream is to get it finished so relatives can stay. I will update you with pictures when I get a chance on my little Yucatan real estate. PS I love Merida Mexico!
Cheers Rachel M
