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If you are looking for a place to rent in the Yucatan! Come see Merida, Progreso, Chelem, Chuburna and other beautiful places in the Yucatan area! Lizard of Lizard Joes in Chelem and I moved here in Sept 2008 and have met many people who have moved here from US, Canada, Spain and who knows where else.  Still the community is filled with Mexicos' beauty and culture.

Find your dream at a price you can afford! PREEBA (PENINSULA REAL ESTATE EXCLUSIVE BUYER’S AGENT) works solely to help you find what you want at the best price! Just tell PREEBA what you are looking for and your budget, PREEBA will do the rest. PREEBA made our property transactions smooth and also put us in touch with a great Attorney(Abogado) and Accountant(Notario) to help us with our business plans. PREEBA also offers Notary Public services and COMP Listings with listings of over 500 sold and or for sale beach properties. This is a great way to establish and study for yourself, the price ranges for various types of beach properties. It is an adventure looking at all the possibilities!

For assistance looking for a place to stay on your vacation or assistance looking at property in Chelem, Yucatan Mexico, please send an email to sealizard@lizardjoes.com  subject: ChelemDreamR  or call Cyndee 830-443-4597 (US) 

How much do homes cost in the Yucatan? Will I pay too much? Am I getting a good deal? Given there is no MLS system, Home Appraisers or a method to determine comparables in the area, these are all very good questions. While the Yucatan is a safe, friendly and economic place to live, we can not stress enough "Buyer Beware". There is no board of realestate, no professional regulation, everyone and their mother is selling real estate here and it is just about impossible to file legal action against anyone. While the majority of folks selling realestate here are honest and reputable, there are others that are taking advantage of buyer and seller ignorance and availability to realty comps type data to collect inflated commissions. After buying our own property here and watching others overpay for property and sellers receive below market value for their homes we decided to add this page to our Lizard Joe's website.

So How Much Should I Pay for Coastal Property in the Yucatan?

Buying property in Mexico, whether it's land, a condo or a house, can offer good value for money in comparison to prices in the US, Canada or Europe. Land costs can be lower, building and maintenance is cheaper, cost of ownership e.g. taxes and utilities are very low. However, property prices in some areas have risen dramatically in recent years and care should be taken in assessing a property's true value.

Property values in Mexico tend to increase year-on-year, as they do in most places, but prices in the Yucatan coastal areas have risen dramatically in the last few years.

Ultimately, the value of real estate in the Yucatan is what someone is willing to pay for it. There is no “formal” market or appraised value in Mexico since access to historical and trend data for setting a sales price or informing a buyer what they should expect to pay is difficult to come by. For this reason, market prices are extremely localized and sellers often set prices based on what they hope they can receive for a property Vs whether it is in line with similar properties, lower than recent sales or even reasonable when compared to recent sales.
As a result, some very good deals can be had, especially when buying from Mexican nationals but on the other hand there is an ever present danger of paying an overinflated price for those who have not done their homework and research.

In the USA, Canada and Europe, property value is often based on location, living space, size of the lot, number of bedrooms, bathrooms, pool, single family …. In Mexico, value is similar in that it is usually determined at a price per square meter of land and then per square meter of living space. However, unlike the USA, Canada and Europe, the method used to estimate the total living space may vary from home to home. A common method for assessing the fair market value of a home in a given area is to examine the sale and sold prices for similar properties in the area to get indicative values for homes in the area for properties of similar size and type. Of course there are features that exist on some properties that can escalate the value of the property such as:

• Local infrastructure, e.g. good roads, access to goods and services , airport, medical services …
• Property is on the beach or has a ocean view (watch out for new beach law however related to building lines)
• Property is in good condition and requires little or no immediate maintenance or repair 
• Property has a swimming pool, good landscaping, driveways, garage, water pressure or filtration system, internet access ...
• Sold fully furnished (many are but not always, it is important to ask) 
• Local security

SAMPLE LISTING