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Preconstruction or existing condo purchase

Hi everyone,


I鈥檓 Eric, currently living in LA but thinking of moving to PV.聽 I鈥檓 having a hard time choosing between a buying a preconstruction condo or an existing one. Hoping some of you might share your experience or any insights. Thanks all!

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@ericichon

Better to just rent! Cheaper!

Glad yr getting outta that terrible LA!!

I have some contacts tho, so let's keeps in touch. Landlords are starting to sell their individual apartments at great deals, like a lil over 100,000

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@ericichon

Also, I wouldn't do preconstruction. People have had probs with this When are you coming?!!

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I'm from LA also and living 50% of the year in PV. We've purchased both pre-construction and resale, and were fine on both. For pre-construction, I would just recommend choosing a well established, reputable builder. We used a real estate attorney in addition to the real estate agents, that was very helpful. Welcome to PV!

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@Michael Asay聽 thank you! Visiting in Feb 馃愤馃徏

@OutAndAboutVillas聽 thank you! I鈥檓 looking at both.聽 Happy to hear the 50/50 split is working out for you.

I recommend against pre-construction

purchases in Latin America.


I bought a condo in 2005 in a

pre-construction deal and came to

regret the fact that various delays

put off the occupancy date until

mid-2013.


By the way, I agree with the

poster above who recommended

renting, not buying.


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