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Several months ago

by ZihuaRob ⌂ @, Zihuatanejo, México, Thursday, May 25, 2017, 13:08 (87 days ago) @ joe26170

I don't believe that the market is determining prices. From what I have seen there are few sales. So, you can ask whatever you want but if it does not sell then it's just a fantasy price. The trend here looks like prices are on the decline and will continue to do so until the gov. does something about the corruption and violence. Why not do your search from the other direction. Advertise what you want and what you are willing to pay as broadly as possible. In the mean time it may make more sense to rent until sellers are more realistic. Check out yo soy Ixtapa on facebook. There are frequently houses for sale there.

I would be extremely wary of any properties listed on Facebook that are not listed by local realtors. I already list the most trustworthy and reliable local realtors here on my website.

My mother used to suggest to her clients lowering their prices when it was warranted but some would insist on keeping their prices unrealistically high. IMHO the demand does not justify a lot of the high prices, but folks remain hopeful and reluctant to accept a loss on their investment, a pattern I've watched repeat itself for decades on my former home of St. Croix and all up and down Florida where I used to live. However with the current construction of Punta Garrobos there are about to be dozens more homes and condos on the market, so additional supply will hurt the already low prices.

My recommendation is to find what you like, ignore the asking price and instead offer what you are willing to pay. I suspect sellers will be more responsive than might be imagined, especially for properties that have been on the market longer.


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