How Much Can I Receive with Nex? How Your Advance Is Determined

How Much Can I Receive with Nex? How Your Advance Is Determined If you're considering a Nex advance, your first question is probably how much money you can receive. The answer depends on your property's value, and here's how it works. The advance range Nex advances between 10% and 40% of your property's market value. In amounts, the advance ranges from $500,000 MXN up to $7,000,000 MXN. An example If your property has a market value of $4,000,000 MXN and the advance is 40%, you receive $1,600,000 MXN. The rest of the value comes when Vivra completes the sale of your property at the best possible price. How your amount is determined The exact percentage that applies to you within that range is defined during your property evaluation, which includes the application form, the file, and a visit to the property. That's why the final amount is always confirmed with a Vivra advisor. What to consider before deciding - The advance is a credit: interest (23% to 25% annually) accrues during the term, but it's settled only at the close of the sale, with no monthly payments. - The standard term is 6 months, with the option to extend. - Your property must be residential, located in Mexico City or the State of Mexico, have no active litigation, and be worth $1,500,000 MXN or more. A clear number to decide better Knowing how much you can receive, and what that money costs, lets you compare it with other options and decide with full information. Want to know how much you could receive for your property? Schedule an evaluation with a Vivra advisor.