Key Questions to Ask When Buying Pre-Construction in Mexico

1. How many units are sold, and how long has the project been for sale?
2. Where are the buyers from? Did they pay full price or get discounts? Cash or financing?
3. Is this the first phase, or have prices already increased?
4. How many developments has this builder completed in the last 10 years — in this area?
5. How many principals are in the development company? Bank or personal capital?
6. What happens if only 30% of units are sold? Will you still get your condo?
7. Why are you buying pre-construction? Can you buy a finished product instead?

8. Review the sales package. Are the renderings detailed and accurate?
9. Before signing a contract, make a reservation or LOI.
10. Ask for a due diligence period to investigate ownership, permits, and finances.
11. Only put a refundable deposit in escrow.

12. Payment terms should be based on construction milestones.
13. The contract should be fair and protective for both parties.
14. Typical payment structures: 30/30/30/10 — know what you’re signing.
15. Try negotiating a lower deposit or offer a higher one for better pricing.
16. Ask what happens if construction fails — getting money back is difficult.
17. Ensure the contract includes permits, finishes, and included items.
18. Hold back 5–10% until title and delivery documents are provided.
19. Understand resale limitations — flipping may not be allowed pre-title.
20. Be cautious and critical. Pre-construction is risky — protect yourself.