Buying pre-construction in Puerto Vallarta or Riviera Nayarit can lock in today's prices and let you customize finishes—but the contract matters. Here’s what to look for and what to expect so you’re protected.
Essential Contract Terms
A solid pre-construction contract should clearly state the property description, unit or lot number, total price, payment schedule, and delivery date. It should specify what’s included (e.g., finishes, appliances) and what isn’t. Any changes to the plan or materials should be documented in writing.
Payment Schedule
Payments are typically tied to construction milestones: reservation deposit, contract signing, groundbreaking, structure, roofing, finishes, and delivery. Never pay large sums ahead of schedule without corresponding progress. Ensure the contract states what happens if the developer delays—extensions, penalties, or exit clauses.
Title and Ownership
Confirm how and when title will be transferred. In the restricted zone, fideicomiso (bank trust) is usually required for foreign buyers—the contract should address this. Verify the developer has clear title to the land and the right to sell. Your notary or lawyer should review the developer’s permits and registrations.
Exit and Dispute Resolution
Understand under what conditions you can cancel and what you get back. Check for arbitration or dispute resolution clauses. Have a lawyer experienced in Mexican real estate review the entire contract before you sign. A small legal fee upfront can prevent costly problems later.
Bottom Line
Pre-construction can be a great way to enter the Puerto Vallarta market—but only with a clear, fair contract and a reputable developer. An AMPI-certified agent can help you compare projects, understand the fine print, and connect you with legal and notary professionals so your investment is secure.
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