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Real Del Mar / Poor service!

1 Mexico Review updated:

Some complaints make it sound like Mexican real estate developers are targeting foreigners, but this is not true. I was staying at the Marriotte in Real Del Mar with friends on a golf weekend and met a woman who is buying there, but having to rent because her house has not been started yet. She was told her house would be ready in the summer of 2005. When it was not, she was told that it would be done in November. She and her husband have rented for over two years because they believed they would have their house. They are Mexicans. The people at Real Del Mar lie to everyone. Also, if a house is being resold and the salespeople in the Real Del Mar sales office are involved you could still have trouble. They don't give buyers all the right paperwork, and don't follow the real estate law. Don't deal with them. Go to an outside realtor. Get an independent lawyer. Be careful. It is better not to do business in Real Del Mar.

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Comments

  • El
      10th of Jul, 2007
    0 Votes

    I am so glad to see this. My husband wanted to go down there and start looking at lots and wanting to move. We live in San Diego now, and I don't want to have to cross the border everyday. It looks like there are a lot of problems with real estate in general in Baja. The people selling want to make it seem like there aren't problems, but it is important to listen to the ones who are complaining, they are the ones who know best. The don't have building inspectors, they don't have licensed realtors. There is no board of realtors to complain to when they are not doing things right. Who enforces real estate laws there? Does anybody know?

  • Ke
      27th of Jul, 2007
    0 Votes

    I drove through Real Del Mar, and noticed a lot of houses for sale through .com sites. I don't understand how they are trying to ask for more money than last year when the bubble has burst. On top of that, who wants to buy in a place that is using plastic plant containers of dirt stacked together as retaining walls to try to shore up unstable ground. It is so Mickey Mouse.

    I agree rent in a place for a while before making a financial commitment.

  • Ke
      6th of Aug, 2007
    0 Votes

    I found that they have such a bad reputation with professionals that they have had to bring in different developers to try to look like others are doing the building now. An example is Pacificare at Real Del Mar who is now going to market the condominiums. It is important, do not let them put the word tentative in the sales contract regarding the date. Have a specific date. If you sign a sales contract with them without legal advice and they do the same thing, they are using Real Del Mar's legal department to draw up the contracts the same way Real Del Mar did , you will have the same problems others who bought before had. You need penalties for late delivery of your property too. Also, make sure they are not depending on money from sales to build. That is another problem Real Del Mar had in delivering houses to buyers. If they do not have the construction funding, you will not get your condo until they get the money from buyers. Now the market has come to a standstill you could be waiting years. I would avoid anyplace in Real Del Mar no matter who is marketing the homes.

  • Ke
      11th of Aug, 2007
    0 Votes

    When you consider the expenses in buying, the closing costs, and the 35% capital gains taxes, with the interest rates being higher in Mexico, it would be difficult to make money flipping one as an investment. Now that the economy has turned, and the prices are going to be going down for the next few years it would be wise to rent and wait. I would not ever pay what someone is asking.

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