Best Real Estate in Puerto Vallarta

Strategies for Finding the Best Real Estate in Puerto Vallarta and Riviera Nayarit

Discover the fail-proof strategies for finding the best real estate in Puerto Vallarta and Riviera Nayarit. Here are the top strategies that can assist you in your search for a vacation home or a full-time home that will meet all your needs.

Purchasing Real Estate at The Right Time

Purchasing real estate at the right time is beneficial when looking for the best real estate in Puerto Vallarta and Riviera Nayarit. One of the best times to purchase real estate in Puerto Vallarta and Riviera Nayarit is immediately after the peak season, because this is the time that all the snowbirds and expats return back to their home for the summer months. During this time is when real estate agents can spend more time with you and they can totally focus on finding the home that meet your needs. Also, during this time is when many properties are vacant, so your real estate agent can find several properties for you to look at in one afternoon. You will be able to see all of the properties during our rainy season, so seeing if there are leaks or mold is possible along with making sure the airflow is correct.

Hire a great real estate agent

You should hire a great and qualified real estate agent, because the real estate agent that is qualified will make sure to find properties that you are looking for that will also go along with investments. You will want your real estate agent to be upfront and honest with you about all the costs involved in buying real estate in Puerto Vallarta and Riviera Nayarit. The real estate agent should be honest about being able to provide you with a property that not only meets your needs, but that is within the price you want to spend.

Purchase a real estate in Puerto Vallarta and Riviera Nayarit within your means

Before you even start looking at real estate in Puerto Vallarta and Riviera Nayarit, you should make sure that you have the capital and funds to invest in real estate in Mexico. The majority of the properties in Mexico are generally paid in full, as mortgages carry high interest rates, although within the last several years, the number of mortgage lenders has increased offering more competition. You should also remember that if you do get a mortgage in Mexico the interest rates will be much higher than you are accustomed to in the USA, Canada or Europe.

Always remember that when you are going to purchase real estate in Puerto Vallarta and Riviera Nayarit you should always stay within your means and budget.

What are Your Expectations?

What are your expectations when you are searching for real estate in Puerto Vallarta and Riviera Nayarit? Have you been given advice by family and friends that say, “Steer clear of buying a property on or near the beach, because it is very expensive” or “Look for properties that are on the outskirts of town, because it will save you a lot of money”. What are your actual expectations as to why you want to live to Banderas Bay? You may be surprised to know that property in Puerto Vallarta and Riviera Nayarit can be very affordable. If one of your main goals is to live cheap, then you may want to look for properties that are in a less desirable neighborhood but if you really want to experience Mexico with amazing views, then you should choose properties that meet your goals and expectations. You may be pleasantly surprised to find that real estate in Puerto Vallarta and Riviera Nayarit by the sea is in within your budget.

Be Practical

You should think about how often you will be using the property before you purchase it. Will you use the property once or twice a year, or full-time? If you are planning to relocate and live in the property full-time, then the real estate in Puerto Vallarta and Riviera Nayarit you choose will reflect those circumstances; however, if you will only be using the property once or twice a year you might want to consider a fractional purchase or renting out your place when you are not there.

Rental Agents and Realtors in Mexico

Rental Agents and Realtors in Mexico

If you are planning on making Mexico your second home, then it is wise to set aside time to find out where you will be staying. It may seem like a lot of work in preparation, but it is well worth your time doing so. Often, it is a good idea to rent property before you purchase, unless you have fallen in love with a place you have found while enjoying try and buy visits to Mexico.

Rental agents and realtors in Mexico

It is not a bad idea to surf the internet to see what is posted as available rentals and properties for sale, but most people looking to stay for long periods in Mexico like to have a local realtor help them find the right property for buying or renting.

The services provided by realtors in Mexico to those looking to buy property are free because they are paid by the current owners of the property —whether selling or renting. So, it is very good sense to work with a realtor— especially if your Spanish is not good and you have limited knowledge about the location you plan to move into. If you are buying, realtors can do a lot of the busy work of negotiating for you.

A beneficial local agent will invest in time to find out what your needs are and what your budget looks like for acquiring a property. The realtor will be your spokesperson—negotiating terms, interpreting terms for you and explaining any additional information you may need.

Make sure your realtor is a member of AMPI (Asociación Mexicana de Profesionales Inmobiliarios, Ciudad de México, A.C) because this organization ensures consumer rights are protected by regulating real estate policies.

Mexico one of the Worlds Happiest Countries

What Makes Mexico one of the World’s Happiest Countries?

Did you know that Mexico is one of the world’s happiest countries? It is also a very popular place for retirees and a top choice for vacations. Mexico has more than just delicious cuisine, outdoors adventures, and the best beaches (which is what makes travelers want to come back year after year and expats move here), it has that “happy factor” we are all seeking. Want to know what makes Mexico one of the world’s happiest countries in the world? Read on…

What makes Mexico so happy?

In a recent news report published by Mexico News Daily based on data and research from the World Happiness Report, Gallup, the Happy Planet Index, and the New Economics Foundation, Mexico was celebrated as the second happiest country worldwide, with Costa Rica taking the top position. Mexico ranked way above the United States even though its economy is at least five times smaller. It would seem that the residents of Mexico may not have a lot of money, but they are certainly much happier, so money isn’t everything.

Satisfaction and wellbeing

The report speaks about how we measure our levels of satisfaction and wellbeing in terms of how comfortable, happy, and healthy we are. The surveys indicate that the residents of Mexico are generally very satisfied with their lives even when problems come their way. Having a positive outlook goes a long way to establishing our sense of happiness and worth.

Living a long life

The average life expectancy for people living in Mexico is 76.4, which is one of the highest amongst the Latin American countries and in line with statistics for many developed countries. Good life expectancy could be the result of Mexico’s affordable private healthcare service as well as state-run medical cover. Also, Mexico is recognized as being a country with relative low levels of stress, which can contribute greatly to overall health.

Affordable Living

You can live on minimal means in Mexico and still enjoy life. Even on low incomes, housing costs, utility costs, and food are affordable compared to other countries, which allows for people in Mexico to not worry so much about money.

Laid Back Atmosphere

One of the best features and benefits of living in Mexico is its laid back atmosphere. Particularly in the coastal cities, there is less stress and the vibe is one more conducive to relaxation. While the “mañana” attitude may get on your nerves when you are in a rush, you will appreciate it later when you slow down and get into the local vibe. Even when many Mexicans work six days a week, they still have plenty of time for fun, adventure, and, of course, relaxation.

Now you can see what makes Mexico one of the world’s happiest countries. There are many benefits to living in Mexico.

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.

Mortgages in Mexico for Foreigners

Are there Mortgages in Mexico for Foreigners?

Are there mortgages in Mexico for foreigners? Mexico has been a growing market that provides long-term mortgage loans. Although, the long-term mortgages in Mexico are still new when they are compared to Europe, the United States, and in Canada. Foreigners can get a mortgage in Mexico as there are plenty of financing sources, but you should know that the interest rates are higher when you compare them to other countries. Are you eligible to receive a mortgage in Mexico? Continue reading to see the factors that are considered when applying for a mortgage in Mexico.

The Mortgage Industry in Mexico

The mortgage industry in Mexico is on the rise, but compared to the top world economies Mexico mortgages are still behind. For Mexican nationals, the loans are available in pesos with an average 10-12% fixed rate, which of course is much higher than in Europe, the United States, and Canada, but if you are wanting a mortgage in Mexico it’s accessible. The mortgages in Mexico provide the buyer with 90% of the value of the home, so the buyer will only have to pay 10% of the deposit and any fees that is required. The fees are usually 5%, and the mortgage can be paid over the next 20 to 25 years.

Is it Possible for Foreigners to get a Mortgage in Mexico?

It is possible for foreigners to get a mortgage in Mexico, but it isn’t an easy task. Foreigners must possess a permanent residency in Mexico and they must be employed by a Mexican company that pays into the Mexico taxes. The banks will loan foreigners the money to purchase property in Mexico and if you are a permanent resident of Mexico and you can provide income that is foreign, then you also can qualify for a mortgage in Mexico.

Foreigners can also choose a private developer financing, which can be done on a home that is being built.

Foreigners can also draw up a contract, then negotiate an agreement with the seller, so the buyer can pay for the property over time, and this type of mortgage is a short term mortgage loan, but foreigners must be aware that the short term mortgage generally requires a 50% deposit or down payment and any private loan also comes with many risks and the interest rates are very high.

The Minimum Requirements for Foreigners Wanting a Mortgage in Mexico:

  1. Mexican bank statements for the last 6 months
  2. Foreign bank statements for the last 6 months and/or Mexican employment pay slips for the last 6 months
  3. Permanent or temporary residency
  4. A birth certificate
  5. A RFC tax number
  6. A medical report and certificate for eligibility for life insurance
  7. Good credit score in Mexico or good credit score from your own country credit service
  8. Proof or address

There are plenty of mortgages in Mexico for foreigners. Foreigners should look over their options, then proceed with the mortgage that suits their needs and preferences.

Mexico Property Insurance

Mexico Property Insurance

It’s always a good idea to invest in property insurance if you have a home or watercraft in Mexico. Having insurance on your Mexico property will help protect you in case of unexpected

Mexico Property Insurance

Mexico property insurance policies are not like those found in the U.S. and Canada because the terminology used and types of coverage offered are usually significantly different. Therefore, you can’t expect a standard policy to contain the same types of eligible coverage criteria in a Mexican property insurance policy that you may find in an American policy. As a solution for this difference, there are insurance companies in the U.S. that specialize in Mexican insurance law and policy-making. These specialty companies collaborate with the Mexican insurance companies to underwrite policies that are recognizable to Americans while still maintaining the legal validation of Mexico.

Non-Spanish Speakers

Unless you speak great Spanish and have no problem dealing with your insurance terms in Spanish, it will be best to have your policy prepared at one of these specialty insurance companies in the U.S. Having a familiar policy format for your Mexico property insurance may prove to be ingenious if you ever must file a claim in an already tense situation.

Check what’s included on standard policies

Moreover, US-led policies may have coverage options (for instance, third-party liability cover) that may not be found in the standard coverage for the Mexican insurance company. So, you may have to pay extra premiums for items that automatically would come in the standard policy with the specialist U.S.-based company.

Depending on what you want you plan to cover with regards to your Mexico property insurance, may be the determining factor for using a direct Mexican insurance company or one of the specialty insurance companies in the U.S.

Picture Designed by Creativeart / Freepik

Find a Dream Home

How Can Law of Attraction Help You Find a Dream Home?

Are you wanting to find the best dream home for you and your family? If you are, then have you thought about how the law of attraction can help you find a dream home? You can use the law of attraction along with positive thinking when you are searching for your dream home. Read below for helpful tips about how you can make the law of attraction work for you.

Imagine that you are like a satellite dish

The main premise of the law of attraction is that ‘like attracts like,’ meaning that you need to be in the receiving mode of what you want by matching the energy that you want to receive. Imagine that you are a satellite dish receiving the signals, and that your life is the TV screen manifesting what you want to experience. If you use this technique, then you will automatically attract things that you like and are thinking about. For the first step in finding a successful home you should first think and imagine how you would like your home to be. Avoid thinking negatively about your current home, but focus on the elements that you would like to see repeated in your new, dream home.

Make a Collage

Making a collage or mood board with elements from your dream home is easy as all you need to do is collect images and pictures from all sorts of magazines that represent the way you want your dream home to be like. Make the mood board detailed. You can even take pictures of things that you would like to be doing at your second home such as enjoying a beautiful view that you can see from your bedroom or adding a pool to the backyard. The sky is the limit for making a mood board. Once you have your mood board created, then add a picture of you and your family in the middle. However, remember, if this becomes a chore, don’t do it. The idea about the law of attraction is that you are in a positive mood to attract the things you want. If making a collage becomes like homework, don’t do it. Just browse your favorite interior design magazines.

Repetition of affirmations

You can choose a few affirmations that keep you upbeat and on track when you are searching for your dream home. These mantras or affirmations can be something like “I’m happy and my dream home will manifest soon” or “My dream home is coming soon”. When you repeat these types of affirmations, then you are reaching out to a higher power and manifesting your dream into reality.

Celebrate Each Step

You should always remember to celebrate each step and accomplish you make in looking for your dream home. If you have found a dream home that is out of your budget, then still celebrate this moment, because you have at least manifested the dream home into reality, all you have to do now is work on manifesting the price you are willing to pay or on manifesting the way to pay for the dream home.

Trust your gut instinct

It is always worthwhile for you to follow your hunches, because the law of attraction can work in a special mysterious way. Even if you think the dream home is not close enough or too much money you should follow your hunches. Who knows when you might find the right information to help you get the resources to get that dream home, which will be ideal and perfect for you and your family?

Home Insurance in Mexico

What You Need to Know about Home Insurance in Mexico

Depending on your personal needs and preferences, circumstances, and of course your budget, you can choose Mexico home insurance entirely or even partially. The cost of home insurance in Mexico will depend upon a few different factors, which would include the location of the property, the type of property, the value of the property, the age of the property, and what items you would like to be covered.

Home insurance in Mexico

An “All Risks” insurance coverage is offered by some insurance policies in Mexico. This type of home insurance coverage will pay you with generally most incidents and accidents that involve the property. There are better policy coverages that can protect you for incidents that are classified as catastrophic, which would include fire, earthquakes, floods, winds, hurricanes, and volcanic eruptions. However, not all of the home insurance companies in Mexico are able to cover you for all of these potentially catastrophic events.

Property owners in Mexico can lower their insurance premiums by electing to limit “Named Perils” that will be assigned to your home insurance policy by just choosing to take “All Risks” insurance coverage. What does this mean? It means that certain events may be covered while other events will not be covered. The insurance policies that are cheaper in cost are called “Named Perils”, which is often mistaken to be comprehensive insurance. Make sure your insurance broker provides clear instructions between these type of insurance along with the differences and prices of the insurance options.

What to include in your home insurance in Mexico

Your home insurance policy should always cover the structure of your home. You can even add coverage for carports, garages, studios, game rooms, and any outbuildings. Many homes in Mexico come with several different structures, which would include a central courtyard with several buildings built around it, and many insurance policies do not cover these added structures if they are not connected to the main home.

Contents Insurance in Mexico

A great home insurance policy in Mexico should cover all the personal belongings that you own, or those that are owned by your employees and any guests (within your home). Some of the home insurance policies in Mexico will also cover jewelry, arts, sporting equipment, money, though this coverage may be limited and need premiums for particularly expensive items. There may be an option if you would like to add higher insurance limits on different items, which is generally located on the special selection area of your home insurance application form. Theft insurance coverage may vary as it will depend upon if it has been specifically listed or is added to the “scheduled” area.

Loss of Use or Rental Income

If your Mexico property is used for work or it is a rental income property, then you can add a “loss of use” risk to your insurance policy. This coverage would provide you coverage for any expenses caused by the fact that you cannot use your property for a long period of time. Also, if your property is very damaged and it will take a while to repair or even rebuild the property, then your home insurance will cover for all loss of rental income that you would have gained. Evidence is often required, and a rental contract is good evidence.

If you have a home in Mexico, then this is what you need to know about home insurance in Mexico.

Reference: Mexperience
Tips for Moving to Mexico

Tips for Moving to Mexico

Relocating to Mexico is going to be an ideal life-changing decision. Your future here will be more promising and fulfilling for sure. But before moving ahead with your relocation to Mexico, it is helpful to be more familiar with the different things related to your move to ensure a smooth transition. Here are our top tips for moving to Mexico:

Visas and Immigration Requirements

For foreigners who want to work and live in Mexico, you need to have a visa before you can proceed with your relocation. If your job is lined up in Mexico, you still will have to start the immigration process in your home country. Retirees who plan on moving to Mexico can enjoy slightly less-complicated procedures which only require proof of your regular income through pension, although you will also need to start the procedure while you are outside of Mexico. If you want to come and live in Mexico on a temporary basis, less than 6 months a year, you can do so by simply filling out the tourist card on the plane. However, remember that in order to be able to get a phone contract, electricity etc in your own name, you will need to show proof of your immigration status.

Mexican Peso

Mexico’s currency is the Mexican Peso $MN. This is the official payment in almost all transactions, although dollars are acceptable in many accommodations, restaurants, and other tourist destination establishments. High-value goods may be advertised in dollars, like properties, cars, and art pieces, but purchases are usually in pesos using the current exchange rate. Moving to Mexico will mean that you will have to start getting used to the new currency.

Health Benefits

Mexican employers make sure that their employees pay social security quotas for basic government services such as healthcare. There are many instances when foreigners are encouraged to avail of private healthcare insurance instead. The advantage of private healthcare service is access to better and more modern facilities. You will also find that health insurance is not so expensive in Mexico, making moving to Mexico a more economical option for some people.

Schooling

For those moving to Mexico with young children, you may be concerned about the education system in Mexico. Your children may choose to attend the public school system which is provided for free in Mexico. However, standards may be incomparable to that from you home country’s education. Most foreigners would rather choose the private schools, especially for those who are already earning professional wages in Mexico. Mexico’s private education are ideal for bilingual children and provides better facilities and standards for your children.

Owning a Property

Mexico offers similar procedures for buying property like that of Canada and the United States. There are restrictions, however, when you buy properties within 50 km of a beach or a border. If your choice of property is within these zones, you have to get a fideicomiso trust which is available from the local banks before you can make your purchase.

Taxes

Working in Mexico or running your own business means you are required to pay taxes. You do not have to worry about double taxation since Mexico has agreements with many countries which benefits foreigners by making sure that they only tax in one country. The best thing to do regarding taxes is to consult your tax adviser in your home country before relocating to Mexico. VAT tax in Mexico is around 16%

Car Insurance

It is illegal not to have your car insurance in Mexico. It is also required that you have at least the minimum coverage in case of injury or death of a third party. It is also highly recommended, although only optional that you avail of property and health insurances.

Choosing your Destination

And lastly, part of the joy of moving to Mexico is being able to live in some of the most beautiful places in the work at affordable prices. Many foreigners choose stunning sunny beach locations like Cabo San Lucas, Riviera Nayarit, Puerto Vallarta or Cancun, while others want to live in more temperate climates inland like San Miguel de Allende, Lake Chapala, San Cristobal de Las Casas. Whatever your preference, moving to Mexico will be one of the best decisions you will ever make.

Fractional Real Estate at Villa La Estancia

Fractional Real Estate at Villa La Estancia

The process is very easy to purchase fractional real estate at Villa La Estancia in Cabo San Lucas and the Riviera Nayarit in Mexico. This real estate option brings 3rd parties that are not related to co-own their very own second home, which is the same as what friends, families, and coworkers have done for years and years with other luxury products. Fractional real estate ownership at Villa La Estancia is shared ownership of a property with another party, who is also an owner with the same property. The property is equally divided into fractions, which is where the name comes, which are for ⅛ or ¼ fractions for ever.

What’s the difference between fractional ownership and traditional real estate?

Fractional real estate at Villa La Estancia will give you access to the same amenities, beautiful property, and the same exact rights and lifestyle as if you had purchased traditional real estate, but remember, you will only be paying for the privileges at a fraction of the price, which is affordable. Fractional real estate ownership at Villa La Estancia is the ideal investment for seasonal locals, snowbirds, vacationers, and anyone that loves to travel to get away from it all. The good news is the purchasing flexibility is buyers can purchase the amount of time that they want to spend in their dream home.

Fractional Real Estate Scheduling Process at Villa La Estancia

The fractional real estate scheduling process at Villa La Estancia works quite easily. Buyers will be given a usage schedule for the property at the time of purchase. The fractional usage schedule will automatically rotate each year during your buying season, which is perfect, so the buyers can plan their vacation around their usage schedule. You can use the time that you are scheduled for or you have the option to exchange dates with another owner. You can also exchange your scheduled time with another resort as Villa La Estancia Residences have a Fractional Trade Program that allows buyers to do this.

Affordable Real Estate at Villa La Estancia in Cabo and Riviera Nayarit

Fractional real estate ownership is an affordable option that is hassle-free and allows you to take advantage of using your second home and investment. You will only pay for the time that you will use the property, which is ideal, because nobody wants to pay for a property that just sits empty. Another feature is you are purchasing a second home that may be more elegant, sophisticated, and luxurious than you would of by purchasing a property alone.

Real Estate ownership Simple and Easy

The fractional real estate at Villa La Estancia is simple, easy, and you have the same rights and privileges of owning any other type of real estate. What this boils down to is you have the right to sell your property anytime and at the price you want. You also can leave the property to an heir, or rent the property out, let your friends use the property, and share it with family and friends. Last, but not least you can just escape to the property with your loved one and spend quality time alone.

An Outstanding Investment

The fractional real estate ownership at Villa La Estancia is an outstanding investment. As with any property ownership, if the property raises in value, then your shares with the Villa La Estancia will raise too. Fractional real estate owners can sell their property at any time, which will release the ‘bricks & mortars’ investment and capital growth.

Rental Potential at Villa La Estancia

Villa La Estancia can rent your fractional residence upon request when you are not using the residence. The income that is brought in will be forwarded to you, the owner, and you can use this income to pay any taxes, maintenance fees, or to do with as you like.