The quality of a real estate decision often depends on the quality of the questions asked before the reservation is paid. These ten questions force the conversation beyond renderings and amenities.

1. What is my actual objective - income, personal use, appreciation potential, or a combination?

Do not accept a one-line answer. Ask for the document, comparable, calculation or market evidence behind the response whenever possible.

2. Why this location and this exact micro-location?

Do not accept a one-line answer. Ask for the document, comparable, calculation or market evidence behind the response whenever possible.

3. Who is the legal seller/developer, and what has been independently verified?

Do not accept a one-line answer. Ask for the document, comparable, calculation or market evidence behind the response whenever possible.

4. Is this pre-construction, ready-to-deliver or resale - and what risks come with that stage?

Do not accept a one-line answer. Ask for the document, comparable, calculation or market evidence behind the response whenever possible.

5. What is the true acquisition budget including closing and setup costs?

Do not accept a one-line answer. Ask for the document, comparable, calculation or market evidence behind the response whenever possible.

6. What are the recurring HOA, management, utility, maintenance and ownership costs?

Do not accept a one-line answer. Ask for the document, comparable, calculation or market evidence behind the response whenever possible.

7. What assumptions are behind any rental or ROI projection?

Do not accept a one-line answer. Ask for the document, comparable, calculation or market evidence behind the response whenever possible.

8. How much competing inventory exists now and is planned nearby?

Do not accept a one-line answer. Ask for the document, comparable, calculation or market evidence behind the response whenever possible.

9. What does the contract say about payment, delivery, default, cancellation and remedies?

Do not accept a one-line answer. Ask for the document, comparable, calculation or market evidence behind the response whenever possible.

10. Who is the likely future buyer if I want to sell?

Do not accept a one-line answer. Ask for the document, comparable, calculation or market evidence behind the response whenever possible.

Next step

Explore investment properties in Playa del Carmen or request a private consultation with EMEXA.

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