POINT2 HOMES TO CEASE OPERATIONS IN MEXICO BY JULY 2024

In a significant shift driven by market dynamics, Point2 Homes has announced it will be reducing its geographic spread and ceasing its operations in Mexico at the end of July 2024. This strategic decision, influenced by thorough consideration of market trends and the company’s capacity to adequately cover all real estate segments, marks a notable change for the platform.

Announcement Details

The announcement, made public on May 15, 2024, outlines the timeline and steps for this transition. Point2 Homes has ensured that users in Mexico have ample time to adapt to this change. Here’s a breakdown of the key dates and actions:

• Effective Immediately: New manual listings cannot be added to the platform, new advertisements cannot be purchased, and MLS feed listings will be discontinued based on their respective agreement terms.
• Data Export: Users have until the end of July 2024 to export their data, including manually entered listings, prospect contact information, and invoice history. Point2 Homes has developed specific export tools within user accounts to facilitate this process.
• Refunds: Pro-rated refunds will be issued for any prepaid advertisements scheduled to expire after July 1, 2024.

Impact and Transition

This decision impacts numerous real estate professionals and users who have relied on Point2 Homes for their business operations in Mexico. Recognizing this, the company has provided over 60 days for users to transition smoothly. The export tools provided aim to ensure that essential data can be retained, allowing users to continue their business operations without significant disruption.

Gratitude and Future Directions

Point2 Homes expressed deep gratitude towards its users for their support and partnership over the years. The contributions of real estate professionals and their trust in the platform have been invaluable.

While Point2 Homes will no longer operate in Mexico, the company continues to serve other regions, focusing on providing robust real estate solutions where it can maintain comprehensive coverage and support.

For further information and updates, users can visit Point2Homes.com.