🏗️ Buying Preconstruction in Mexico: What You Need to Know
By Cochran Real Estate – Viewpoint Podcast Highlights
Buying a home in Mexico is an exciting step — but purchasing a preconstruction property comes with its own set of unique opportunities and challenges. In this episode of Viewpoint, host Corie DuChateau sits down with Harriet Murray, owner and broker of Cochran Real Estate, to break down how preconstruction works in Mexico and what buyers should watch for before signing.
Understanding Preconstruction in Mexico
Unlike the U.S., where real estate processes follow a common structure, Mexico’s legal foundation is built on Roman and French law. That means the way developers build — and the way buyers purchase — can be quite different.
Developers in Mexico often avoid borrowing from banks due to high interest rates. Instead, they work in groups, pooling money from friends, family, and investors to finance the project. Because of this, buyers’ funds are often part of the construction capital, making due diligence essential.
“You have to vet the developer,” Harriet stresses. “We review their permits, financial sources, ownership of the land, and their track record before we even list a project.”
Why Vetting Developers Matters
Cochran Real Estate applies a strict vetting protocol before any preconstruction property appears in the MLS. This includes checking:
Valid permits and legal ownership of the land.
Developer experience and project history.
Source of construction funding.
HOA structure and tax responsibilities once completed.
Harriet points out that while many new builders are enthusiastic and creative, not all are familiar with the bureaucracy that comes with large developments in Mexico. The result can be delays, unfinished projects, or unexpected costs for buyers.
Her rule of thumb?
“Look at developers who’ve repeatedly delivered successful projects. Then, if you want something smaller and artistic, just make sure you understand the added risk.”
The Role of Real Estate Professionals
Cochran Real Estate’s team takes pride in providing boots-on-the-ground verification for every project they represent. By working closely with developers and inspecting sites regularly, they ensure that buyers get transparent information about timelines, quality, and progress.
They also help buyers choose between established projects in Puerto Vallarta, Riviera Nayarit, and beyond, including Tulum and Playa del Carmen, through new partnerships expanding their reach across Mexico’s most in-demand coastal regions.
Is Preconstruction Right for You?
Buying preconstruction isn’t for everyone. Some clients love being part of the creation process, while others prefer to move into a completed home. Harriet suggests that before committing, buyers should ask themselves:
Am I financially prepared for a long-term project?
Do I have patience for construction timelines and possible delays?
Do I trust my agent and developer completely?
“It’s a possibility,” Harriet concludes, “but it has to fit both your economic guidelines and your personality. My goal is to take clients on the journey and make sure it ends with what they expected.”
Final Thoughts
Preconstruction in Mexico offers incredible opportunities — modern designs, desirable locations, and often better pricing. But success depends on due diligence, trusted guidance, and realistic expectations.
Whether you’re looking in Puerto Vallarta, Riviera Nayarit, or the Riviera Maya, Cochran Real Estate is ready to help you navigate the process confidently.
🎧 Listen to the full episode:
👉 Viewpoint, the podcast by Cochran Real Estate
📺 Watch on YouTube: Cochran Real Estate Channel – Casas & Villas Puerto Vallarta