Nuevo Vallarta is Perfect for Retirement

Nuevo Vallarta is Perfect for Retirement

Are you dreaming of the day that you can retire? You have probably be thinking about retiring options and where you would like to retire, so you can retire in style. Nuevo Vallarta is perfect for retirement. You will be able to enjoy your retirement in the Bay of Banderas where freedom is yours to have! Nuevo Vallarta is now home to many expats from place around the world and they are all enjoying their retirement and taking advantage of all the benefits of retiring in Nuevo Vallarta.

We have provided the best reasons why Nuevo Vallarta is perfect for retirement:

Lower Cost of Living

One of the best benefits to retiring in Nuevo Vallarta is the lower cost of living. Naturally, the housing costs will vary as it will all depend on what type of housing and where you want your house to be will determine the cost, but the housing costs is still much lower than in the United States, Europe, and in Canada. The dental and medical care is also lower in costs, which is why many expats retire in Nuevo Vallarta. Fresh produce and other groceries are also much lower in costs and many of the food is grown here too.

Outdoor Weather Year Round

Wouldn’t you love to throw your shovel and parka away? You could when you retire in Nuevo Vallarta, because the outdoor weather is sunny and warm year-round. This is one of the biggest reasons that people retire in Nuevo Vallarta, so they never have to endure another cold winter.

Golf

If you love to golf, then Nuevo Vallarta is the place for you to retire. Nuevo Vallarta is home to several professional golf courses. You can enjoy the warm, sunny weather while you improve your golf swing.

Fishing

The Bay of Banderas is perfect for fishing enthusiasts. The Pacific Ocean has the best fishing where catching the big fish is a reality. There are many varieties of fish waiting for you in Nuevo Vallarta.

Amazing Dining Options

Nuevo Vallarta is home to world-class restaurants, street vendors, and many fine cuisine options. It doesn’t matter what food craving you have, you will not have a problem filling that craving in Nuevo Vallarta. All the foodies come here, because of the delicious foods that are here. Wouldn’t you want to live where you can enjoy the best foods worldwide?

Busy Social Life

If you retire in Nuevo Vallarta you can increase your social life and circle with people from every corner of the world. If you want to relax on the beach, game nights, or volunteering for organizations, then you will surely find many amigos who would like to do the same too.

These are just a few of the top reasons why you should consider Nuevo Vallarta for your retirement. Nuevo Vallarta is perfect for retirement for everyone with all of the benefits that this area has to offer.

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Purchase Real Estate in Mexico

How Can Foreigners Purchase Real Estate in Mexico?

It is very possible for foreigners to purchase real estate in Mexico. Foreigners can purchase real estate that is located near the popular beaches despite the fact that these areas are Federal Zones and are limited to certain restrictions. It is not uncommon for individuals to hold on to the misconception that foreigners are unable to own or purchase real estate in Mexico, but thankfully, the opposite is true.

Mexico’s laws for foreigners wishing to purchase real estate in Mexico’s federal zones

Mexico’s laws and constitutional limitations have set forth special laws for foreigners who may wish to purchase property that is within 50 km (31 miles) near the coast or 100 km (62 miles) near any international borders. These areas are considered Federal Zone areas and to purchase real estate in these parts foreigners must get a land trust. The official name of a land trust is in Mexico is a fideicomiso in Mexico. A fideicomiso is necessary when purchasing real estate in Mexico in the federal areas, making the purchase totally legal. This process is a common procedure in Mexico and there are numerous banks in Mexico that provides this service. On another note, there are moves to remove the need for fideicomiso, although this could take some time to become a legal reality.

Bank Trust Fideicomisos

All non-citizens to Mexico have to go apply for trust deed when buying real estate in Mexico’s federal zones. This is easy to do through Mexican banks. The Mexican bank will then represent the foreigner and will become the trustee on the foreigner’s behalf. The bank will act as the intermediary only. Ownership and all rights will belong to the foreign buyer. In easier terms, the foreign investor is the beneficiary and they control all rights to the trust and the Mexican bank is the trustee and will essentially manage the trust and oversee anything that involves the trust. As the foreign buyer you have the right to rent, transfer, sell, or occupy the property fully. You can also leave the property to someone in a will in case of your death.

Bank Trusts are Renewable

The Fideicomiso bank trust provides foreign buyers purchasing real estate in Mexico with a term that is 50 years and at the end of the 50 year term the foreign buyer has the right to renew the bank trust for another 50 year term. If you have selected to sell the property later on to a national resident of Mexico, then the bank trust and term can be terminated, but if you select to sell the property to another foreigner, the bank trust and terms can be transferred over or they can decide to start their own fideicomiso.

Foreign Beneficiaries for real estate in Mexico

You can choose to appoint a beneficiary once the trust has been completed, and this means that the substitute beneficiary will claim all the trust rights, and the beneficiary that you have appointed for the property will claim the property if you pass away before the end of the 50 year trust. This benefits you. Your beneficiary will not have to go by any probate hearings with the courts in Mexico and this will also save you time and money too.

Villa-la-Estancia-Los-Cabos-Entrance-Condo-Hotel

Timeshare or Condo-Hotel? What’s the Deal?

Here you will find out about all the subtle and obvious differences between a timeshare and a condo-hotel. If you are thinking about purchasing a unit at a condo-hotel, then you should read on…

What the main difference between timeshare and a condo-hotel?

Many people think that condo-hotels and timeshares are the same, but they are not! If you are a timeshare owner, then you are limited to when you can actually use the timeshare, and condo hotels provide you with a deed and title to the property and you are the sole owner and have many more rights.

Timeshare or Condo-Hotel?

Which is better a timeshare or a condo hotel? If you are wanting to buy a vacation property, then the first thing that people think of is “Timeshare”. Many people understand what is involved in buying a timeshare. A term that many people don’t quite understand is “Condo-Hotel”.

Timeshare and condo-hotels are very similar; however, when you purchase a timeshare, then you are an owner of vacation time in a particular property or group of properties, whereas, when you purchase at a condo-hotel, you can actually purchase real estate and be the sole owner or fractional owner of the property. Just because the two have very similar descriptions it doesn’t mean they are the same. Actually there are many differences between a timeshare and condo-hotel.

More recently, condo-hotels have come to be very popular and are in big demand. If you are wanting to purchase a vacation home, then you now have many different options and choices. How can you choose if a timeshare or condo-hotel is best for you to purchase? You may be surprised to know that condo-hotels have many more benefits and features.

Condo-Hotels and Timeshare Usage

If you purchase a timeshare, then that is what you will get: a share of time! This means you will be given a time and specific dates that you can use your timeshare, and you also will be able to only use a specific resort with the resorts’ network. This may be difficult for many people, because you may not be able to take vacation time at the same time each year.

Purchasing a condo hotel will allow you much more flexibility.

You can choose to stay at the condo hotels the same weeks each year if that is what you would like to do, but if you have a hectic and unpredictable schedule, then you can also change the dates that you want to stay at the condo hotels. Another difference between the two is that condo-hotels allow you to rent your condo out to other hotel guests when you are not using it, and the hotel management staff can assist you in doing this. The rental fee will be shared, which is a great way to pay your ownership costs.

You and only you are the owner when you purchase a condo-hotel unit.

What does this mean? It means you will always get first choice when you want to reserve dates. Of course, you can allow others to rent the condo when you are not using it, but the bottom line is you are the owner.

Now you can see the difference between timeshares and condo-hotels.

Living in Mexico

What to Expect when Living in Mexico

Living in Mexico is nothing compared to what you might have read, watched, or observed in a short stay there or on vacation. The real life in Mexico can only be described by a local who knows and understands its intricacies and peculiarities. This sunny southern neighbor of the United States has amazing personalities that will make you prefer to live here for a while or for life. Find out what makes living in Mexico a unique experience.

Friendly People

Mexicans as a nation are some of the friendliest people you will ever meet. Try a few words of Spanish and they will become friends for life. There is something intrinsically warm about the people in Mexico that make it an attractive choice for those looking for a place to relocate or retire.

Appreciating the important things in life

Life in Mexico is slower compared to the busy life of the United States. If you are tired of rushing around most of the time, the mellow atmosphere in Mexico can be a relief, although there are others who will get frustrated by such a relaxed atmosphere. This slower pace of life can then be both a curse and a blessing. If you find the rush of the cities unbearable Mexico provides serene places to unwind and reconnect.

Punctuality

Be warned that Mexico is not the most punctual of countries, and you may be left standing for a few minutes or more when making a plan with local Mexicans. Obviously, this is a generalization, and you will find that in business, punctuality is a key, but on the whole, you need to be prepared for tardiness. For example, if you are planning to meet your Mexican friend at 7 in the evening, be sure to let them know that you are punctual. It is not unusual otherwise for your friend to show up at 7:30 or even 8 pm. However, if you make it clear that 7 means 7, most Mexican are pretty good.

First Things First

Unlike its US counterpart, the working conditions in Mexico provide six days of work and only one day off. If you have been accustomed to the weekend off set up in the US, this work scenario might be not promising to you. Only, those living and working in Mexico for six days make the most of their time by using this day to spend for the expression of their faith, for their families, and for personal recreation. They know that these things are important and even work will not get in the way of them allocating a time each week for these.

Getting Around

The crowded streets during peak hours might be common in the United States, and even in Mexico. But in this amazing country, the roads get even merrier with all the drivers who are willing to set aside rules just to get places. Be sure to use your common sense, alertness, caution and the seatbelt while driving, and don’t assume that everyone is following the laws.