Merida Real Estate: A friend was just there
He was advised to go back and rent a place in Merida for six months or so and see how he liked it, and he's looking forward to doing that when he can. He speaks little or no Spanish, but communicated fine and feels he can learn enough when he goes back. He met a number of expats living in Merida: people from Ireland, Australia, the Netherlands, England, and the US. He met a lot of them at a jazz concert that was a benefit for New Orleans, which is Merida's sister city. After it, he walked quite a few blocks back to his bed and breakfast, about midnight on a Friday night, and felt perfectly safe.
He met with three different Merida real estate agents and in his time there went inside over two dozen homes for sale. He was looking to see if he could get something for under $50,000 US including any repairs or fixing up, and he said that he could. He looked at homes in the $23,000 US to $43,000 US price range, and said that the less expensive places could easily cost another $20,000 US to put in new electric, perhaps new plumbing, and so on. He said all of them had terrible kitchens. I could relate; when I first saw the kitchen in the house that we rent in Mexico, I thought it was the laundry room. (It had no stove or refrigerator.)
Another American man was staying at the same B&B as my friend, also there to explore the real estate and Merida. He was looking in a higher price range, up to about $100,000 US. My friend commented that he personally would be reluctant to spend that much since if he wanted to sell, he could have a long wait for a buyer. Mexican real estate does not tend to be financed, so you are waiting for a cash buyer. (The link takes you to a how-to page I wrote.)
I asked what the weather was like. It was in the high 80s and quite humid. Didn't seem to give my friend any real trouble. He liked the city, said it was gritty like Chicago and interesting in having a lot of different neighborhoods and lots to do within walking distance of the homes he liked. He also compared it to Tokyo, in having narrow, busy streets, with lots of different little shops and many people. It wasn't as clean as Tokyo, he added, but it wasn't dirty either. I had read comparisons of Merida and Paris, but my friend hasn't ever been to Paris.
Merida is something over half an hour from the Gulf of Mexico, so it's easy to get to beaches. He said beach front property wasn't that expensive, but he was more interested in the city. (This was before Hurricane Wilma, which didn't do nearly as much damage in this area as it did around Cancun.)
My friend got a very good price on a round-trip flight from the US to Cancun, then rented a car for the three-hour drive to Merida. He got into Merida around 4:30 PM, quite an initiation into Mexican city traffic! He said the car rental ended up costing him more than the plane ticket and that the car really wasn't necessary. Next time he will fly to Houston and then into Merida from Houston. The airfare would have been about $100 US more to go that way this time, and travel costs would have worked out to a lower cost without the car rental. Plus, he didn't really enjoy driving in Mexico! He met one American who has lived there almost twenty years without a car and never missed it.
I got his permission to write up about his adventures in Merida real estate. There must be Americans doing this all over Mexico!

