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.

Riviera Nayarit Lifestyle

Riviera Nayarit Lifestyle – Learning Spanish

The numbers of snowbirds and full time residents are continuing to grow in Riviera Nayarit, and some of them are calling Riviera Nayarit their home away from home for several a weeks’ a year and some even longer. They are not only coming to Mexico for the beautiful weather and culture, some are arriving to learn Spanish. If you are planning on making Riviera Nayarit your very own home away from home, then it is recommended that you learn some Spanish. It doesn’t have to be major learning, but basic, because it will make life a bit easier for you when you are at your second home.

Your Riviera Nayarit Lifestyle and Learning Spanish

Depending on how much Spanish you would like to learn, there are different ways to help you perfect the art of speaking Spanish. Here is some recommendations for Riviera Nayarit learning Spanish tips.

Immerse Yourself In the Culture and Riviera Nayarit Lifestyle

One of the best ways to learn Spanish is to immerse yourself in the culture that is available in Riviera Nayarit. Leave your English speaking pals behind for one day, because this is where you know you will just be speaking English. You can immerse yourself with art galleries, volunteering at the library, volunteer with different charities, and taking a dance or yoga class that isn’t bilingual. You can even think about hiring a maid that doesn’t know much English, then she can help you learn Spanish too.

Forget about Being “Good at Languages”

One major problem that anyone faces when they are learning a new language is trying to be ‘good at languages’. You don’t have to be good, so forget about being ‘good at languages’. You don’t have to feel like a dunce if you happen to say the tenses wrong as this will often happen. If you would like to get the accent down, then listen to Speedy Gonzalez and you will hear the accent. When you are communicating in your own language you aren’t worried about the grammar or the accent and that is what you need to do when you are learning to speak Spanish. Express yourself, listen, and communicate to the best of your ability.

Learning Spanish in Riviera Nayarit

In Riviera Nayarit there are plenty of classes available to learn Spanish. There are private classes, private tutors, group classes, or you can teach yourself with a book or with CD’s. When you are taking classes or teaching yourself you will start to see your confidence raise. In Riviera Nayarit, you can take a small class, which is recommended. A small class is absolutely the best way to go when learning Spanish, because you and another student can learn together. If you don’t mind paying a bit more money, then a private tutor is also a great way to learn Spanish.

Riviera Nayarit Private Tutors

You may be surprised to know that there are a lot of private tutors in Riviera Nayarit. Facebook or another social media page can be used to find a private tutor. You can also go to a local language school to find a private tutor too. Take precautions when you are hiring a private tutor in Riviera Nayarit, because even though the person may be a lifetime resident they may not be a good teacher. Get their recommendations, then interview the tutor thoroughly. Teaching is great, but one great way to learn to speak Spanish is by just grabbing one of your local Mexican friends and just having a conversation in Spanish over a coffee.

Luxury Realty in Banderas Bay

Why purchase Luxury Realty in Banderas Bay

Purchasing luxury realty in Banderas Bay can be the greatest investment that you can ever make. The areas of Puerto Vallarta and Riviera Nayarit, which are parts of Banderas Bay along Mexico’s Pacific Coast, have been bustling with life and are considered premiere vacation and retirement destinations. Owning luxury realty here will take you you to a world where elegance and comfort are bywords. Now is the time to purchase luxury realty in Banderas Bay; with the recent recession, you will still enjoy considerably lower prices knowing that they will soon escalate. The present time favors buyers, and putting an investment right now is advantageous as prices of homes are going to rise sooner than expected.

The Reality of Luxury Realty in Banderas Bay

Many are having second thoughts about making a realty investment in Mexico, holding on to their savings for a rainy day. What they don’t know is that luxury here comes at affordable prices. It definitely costs a lot less to purchase luxury realty in Banderas Bay than buying an average style home in places like the United States and Canada. Your dream home by the beach is an arm’s length away, and owning a luxury property around the Banderas Bay area has never been this cheap and easy.

What kind of luxury realty matches your style?

Banderas Bay’s realty comes in all shapes and sizes. It can either be a lavish waterfront mansion or a classy condo unit that has complete facilities like that of a fabulous and 5 star hotel; excellent room service, elegant restaurants and unlimited usage of spa, gym and other amenities are yours for the taking. The first class neighborhoods located in Riviera Nayarit and Puerto Vallarta have many available properties for you to consider. They differ in prices, but with diverse choices, you can eventually decide for yourself the one that suits you best. Luxury realty in Banderas Bay is priced perfectly to tempt foreign investment by those who seek a new way of life in the sun.

Why choose Banderas Bay?

You can enjoy at least 10 hours of sunshine every day and comfortable temperatures ideal for a host of outdoor activities. You’ll be surprised upon knowing that luxury activities in Mexico cost much cheaper than your own home country. It won’t drain your pocket even if you go for a weekly massage and beauty enhancement sessions in a world class spa treatment facility.

Surgeries that you never thought you could afford can be made here. It would make you happy because you can look good without slashing a big amount in your finances. Luxury living in Banderas Bay is affordable.

Social Butterflies in Puerto Vallarta and Riviera Nayarit

Your social life could change dramatically if you choose luxury realty in Banderas Bay; you can meet new people and gain many friends. The expat community in Puerto Vallarta and Riviera Nayarit is big, and very active in doing a lot of entertaining activities and worthwhile projects.

You can join them and have fun engaging in dance lessons, painting classes and yoga sessions. You’ll also be given a chance to lend a hand in helping the local community.

Supporting non-profit organizations in Banderas Bay means sharing your blessings, and it gives nice feeling when you’ve done your share in uplifting the lives of orphans, elderly people and unfortunate individuals. Giving donations to animal welfare groups that look after exotic and nearly extinct species of animals is one way to show people that you care for mother nature.

Enjoying your luxury lifestyle in Banderas Bay

Investing in luxury realty in Banderas Bay does not only mean reaching out to others and the community, but enjoying yourself as well. There are plenty of establishments like bars, restaurants and salsa clubs to fill your need for socializing and will make you totally entertained.

If one time you feel listless and bored, you can watch the romantic sunset in the Malecon Bay while downing a bottle of beer or sipping a margarita. This is the good life. This is Banderas Bay.

Don’t waste time, as the saying goes, “Opportunities don’t disappear, they are just passed on to others”. Purchase luxury realty in Banderas Bay now; it surely is a very wise move.