This is a topic that has gathered a lot of momentum in Baja Norte over the past few years. One of my many goals is to help Mexico to have a transparent Real Estate Industry. To me that means that foreigners that purchase property here would have as similar of experience as they would have in buying property where they come from. That being said, I'm curious what your thoughts are on the topic and what has already been done in your area to help Buyers be "Educated Buyers" that are able to make their own informed decisions regarding their purchases in Mexico.
We are working toward full disclosure in Baja Norte for members of our Association but I know that it is a bit of an up hill battle. We want to create an industry where the consumer has the information about the subject property prior to moving forward with a purchase. I believe that it is the agents responsibily (Both buying and selling) as the "local professionals" to do their job and disclose any items that could affect the property. That could include items such as cracked slabs, crime, HOA meeting minutes and finances, sewage problems, title issues, etc.
Thanks and I'd love to know what you are thinking . . .