Should I buy or rent a home in Mazatlan?

If you have not spent a lot of time in Mazatlan, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"Buying a home in Mazatlan could prove to be a very smart decision if you are looking for a place to call home. The prices of homes in the area are much lower than in many other areas of Mexico, as well as other countries. The climate in Mazatlan is also a very attractive draw for many potential homeowners. The cost of renting a home in Mazatlan may be less than buying a home, but if you plan to stay for an extended period of time, the cost of rentals will eventually add up. Buying a home also gives you more options to own a part of a more desirable area. Additionally, long-term renting with the same landlord may not always guarantee the same terms and amenities as when you buy your own home. Therefore, buying a home in Mazatlan could be the right choice for someone looking to settle down in this area," commented one expat who made the move to Mazatlan, Mexico.

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"We bought a house. It was not easy, but with a good realtor and notario not impossible. Living near the coastline, we had to purchase a fideicomiso (bank trust) and that was expensive," remarked another expat in Mazatlan, Mexico.