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August 6, 2007
Only buy if using independent attorney!
It is important to make sure you read all complaints related to Real Del Mar, and the warnings posted on the U.S. State Dept. web site before deciding how to do any business in the area. Pacifica is now going to build the condos that Real del Mar was trying unsuccessfully to market for the last three years. It is important to make sure the developer has the construction funding in place. Most of the developers do not, they are using buyers deposits. This is why many buyers get the houses late or not at all. Also, have a definite date for the delivery of the house. IF the word tentative is there you have to file a suit demanding delivery within 30 days. They are not in any obligation to deliver your house until the lawsuit is filed and the 30 days pass. Having a specific delivery date with a penalty is very important in all real estate sales contracts. The complaints you see about late or non delivery had the word tentative, or something like it in the sales contract. These people are experienced in drawing up contracts to their benefits, and you need to protect yourself. Because of thousands of problems the U.S. State Department posted the warning you see on some of the complaints. Also, the pdf done by the state of Arizona real estate dept. is extremely informative. They have had hundreds of their citizens scammed by tricky real estate con artists in Mexico. They can NOT help their citizens, but they are trying to warn them. Real Del Mar is trying to fool people by getting other developers to finish the projects they can't because of the terrible reputation they have for non delivery, or late delivery of homes. The same legal office is writing the contracts for Pacifica at Real del Mar as did for the rest of the development. Avoid the heartache and trouble others have had from doing business in Real Del Mar.
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