Lake Chapala's INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.

Join the forum, it's quick and easy

Lake Chapala's INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.
Lake Chapala's INSIDE LAKESIDE
Would you like to react to this message? Create an account in a few clicks or log in to continue.

my lakeside property value increased 100% on 4 years. should i sell now, or wait

+6
Flamingo
doc holiday
addtocart
brigitte
CanuckBob
elGATO
10 posters

Go down

my lakeside property value increased 100% on 4 years. should i sell now, or wait Empty my lakeside property value increased 100% on 4 years. should i sell now, or wait

Post by elGATO Thu Mar 08, 2018 3:41 pm

hello there

i do not live near chapala lake, but i do own some land there and i would like to ask some advice from you locals

i have an lakeside lot on the south rivera, its in SAN CRISTOBAL ZAPOTITLAN, no construction, just the lot, but its very well positioned, electricity, drainage, its nice

being an heritage, it was stucked on a legal limbo for years, now its close to be ready to be sold and i already have an offer for it, i never tought a much about it, cause i remember that small town as being very unremarcable, nothing to do with developed communities like ajijic on the other side of the lake, so my expectations werent very high

still i rejected the first offer, and shortly after that, the potential buyer came back improving the price a 20%, so then we began to talk seriously

but when i visited the town recently, i found out that its beggining to develop, the highway got expanded, there are new hotels being constructed, boutiques, residential developments, restaurants, a yatch club, and so on

so then i checked the cadastral survey of the town and i found out that the new proposed price im being offered its still considerably below the current value for the zone, not only that, but has been growing at a fast and steady rate, getting to the point of increasing 100% in just 4 years!

ive seen that lately theres has been an increase of interest down there, expats looking to settle down on a more tranquil and rural side of the lake, instead of the now convoluted and exclusive ajijic and such

(lately ive seen some documentaries by roy nolan about the life in the south ribera)

so what do you people think? should i keep it until the prices start to slow down? how do you see the movement on the south side? im thinking on cancelling the deal and instead save the propertie as a sure investment

anyway, if you have some word of advice, i would seriously apreciate it, thanks in advance!

elGATO
Newbie
Newbie

Posts : 2
Join date : 2018-03-08

Back to top Go down

my lakeside property value increased 100% on 4 years. should i sell now, or wait Empty Re: my lakeside property value increased 100% on 4 years. should i sell now, or wait

Post by elGATO Thu Mar 08, 2018 4:39 pm

with growth like this, what to do maybe obvious to some people and i may look naive, but still, i would love to hear the opinionsof locals who know what to expect on the zone

elGATO
Newbie
Newbie

Posts : 2
Join date : 2018-03-08

Back to top Go down

my lakeside property value increased 100% on 4 years. should i sell now, or wait Empty Re: my lakeside property value increased 100% on 4 years. should i sell now, or wait

Post by CanuckBob Thu Mar 08, 2018 4:53 pm

Yes, real estate has risen significantly on both sides of the lake in the past 18 months or so. Knowing when to sell can be tricky. I always like to sell on the way up not the way down. Who knows when it will peak out? NAFTA, a new President in Mexico and the trump factor will all play a part in determining Mexico's economy in the next few years. I think it will climb for at least another 12 months but after that who knows. Personally if I doubled my money and wasn't planning on ever using the property I would sell now and seek a more secure investment in the US or Canada.

_________________
Vacation Rentals
https://casadecomo.mx/
CanuckBob
CanuckBob
Share Holder
Share Holder

Posts : 20538
Join date : 2010-04-04
Age : 61
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.mx

Back to top Go down

my lakeside property value increased 100% on 4 years. should i sell now, or wait Empty Re: my lakeside property value increased 100% on 4 years. should i sell now, or wait

Post by brigitte Thu Mar 08, 2018 7:08 pm

Yes take your money and move on, it is a gamble either way anyways.

brigitte
Share Holder
Share Holder

Posts : 4318
Join date : 2011-12-02

Back to top Go down

my lakeside property value increased 100% on 4 years. should i sell now, or wait Empty Re: my lakeside property value increased 100% on 4 years. should i sell now, or wait

Post by addtocart Fri Mar 09, 2018 10:23 am

Cash is king.
addtocart
addtocart
Share Holder
Share Holder

Posts : 241
Join date : 2013-08-18

Back to top Go down

my lakeside property value increased 100% on 4 years. should i sell now, or wait Empty Re: my lakeside property value increased 100% on 4 years. should i sell now, or wait

Post by doc holiday Fri Mar 09, 2018 10:58 am

Stuff is worth what you can sell it for today. If you can get that kind of money out of it ....sell !! In this game a lot of talk but when it comes to cash in hand it may be a different story.

doc holiday
Share Holder
Share Holder

Posts : 213
Join date : 2017-05-08
Location : Ajijic
Humor : yes

Back to top Go down

my lakeside property value increased 100% on 4 years. should i sell now, or wait Empty Re: my lakeside property value increased 100% on 4 years. should i sell now, or wait

Post by Flamingo Fri Mar 09, 2018 1:16 pm

The ethical thing to do would be to tell the person you agreed to sell the land to that you have learned it is worth more than you had realized and let him make a better offer first.

Trying to hold the land until the prices have peaked and started to drop is risky as it probably means the buyers are fewer and further between. Good way to loose a lot of money.
Flamingo
Flamingo
Share Holder
Share Holder

Posts : 1547
Join date : 2011-10-14
Location : Chapala

Back to top Go down

my lakeside property value increased 100% on 4 years. should i sell now, or wait Empty Re: my lakeside property value increased 100% on 4 years. should i sell now, or wait

Post by ferret Fri Mar 09, 2018 2:07 pm

You may want to talk to someone (like Spencer McMullen) about calculating the (equivalent of ) capital gains and how that affects your bottom line satisfaction. It is my understanding that vacant land always has (the equivalent of) capital gains charged to you and it doesn't matter if you're a National or a Foreigner.
Just a heads up.
ferret
ferret
Share Holder
Share Holder

Posts : 10383
Join date : 2010-05-23

Back to top Go down

my lakeside property value increased 100% on 4 years. should i sell now, or wait Empty Re: my lakeside property value increased 100% on 4 years. should i sell now, or wait

Post by rvanparys Fri Mar 09, 2018 4:30 pm

Great advice from Ferret!

rvanparys
Share Holder
Share Holder

Posts : 232
Join date : 2015-09-25
Location : Rancho del Oro

Back to top Go down

my lakeside property value increased 100% on 4 years. should i sell now, or wait Empty Re: my lakeside property value increased 100% on 4 years. should i sell now, or wait

Post by Lady Otter Latté Fri Mar 09, 2018 4:59 pm

“... I would love to hear the opinions (of) locals who know what to expect on the zone.”

No one knows what to expect. Your guess is as good as anyone else’s. There is a reason they call it land “speculation.”
Lady Otter Latté
Lady Otter Latté
Share Holder
Share Holder

Posts : 6760
Join date : 2011-07-26
Location : Chapala
Humor : Biting

Back to top Go down

my lakeside property value increased 100% on 4 years. should i sell now, or wait Empty Re: my lakeside property value increased 100% on 4 years. should i sell now, or wait

Post by Axixic Sat Mar 10, 2018 4:46 pm

Sell!
Axixic
Axixic
Share Holder
Share Holder

Posts : 1553
Join date : 2012-05-28
Age : 67
Location : Axixic

Back to top Go down

my lakeside property value increased 100% on 4 years. should i sell now, or wait Empty Re: my lakeside property value increased 100% on 4 years. should i sell now, or wait

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum