Chasing Vallarta
Guides

Pre-construction in Mexico: how to protect your deposit

Updated · By Chase Jordan

The short answer

Before you pay a deposit on a pre-construction condo, see the land title, the construction permit, finished projects by the same developer, and a contract that ties payments to construction progress and says what happens if delivery is late. Nobody can promise appreciation or a delivery date.

8Checks before a deposit

The checklist

  • Land title in the developer’s name, with a no-lien certificate
  • Construction permit (licencia de construcción) and land-use permit
  • Finished projects by the same developer that you can visit
  • A payment schedule tied to construction progress, not just dates
  • What happens to your money if delivery is late: penalties or refund terms in the contract
  • Exact specifications and finishes attached to the contract
  • The estimated HOA fee and what it covers
  • How the deed is delivered at completion, and who pays closing costs

Frequently asked questions

Is pre-construction cheaper?

Often the price is lower and you choose your unit, but your money goes in before the building exists. That is the trade-off.

Can a delivery date be guaranteed?

No. Ask for written penalties or refund terms in the contract instead.

See all my listings

Sources

General information, not legal or tax advice. Prices and availability can change. Estimates are not a notary calculation.