Should you Buy or Rent in Mexico

Should you Buy or Rent in Mexico?

Many tourist who desire to live in Mexico at specified times of the year will most likely wonder if it’s better to buy or rent in Mexico. To answer that, one should take into consideration the person’s overall financial situation, life goals and experience with Mexican life.

Here are some tips to help you know if you should buy or rent in Mexico:

Benefits of Buying Real Estate in Mexico

There are several benefits of purchasing property in Mexico, which makes it no surprise that foreign investors, retirees and young families are gravitating to the change of pace in their daily routine:

  • More stable
  • Choosing to buy a home in lieu of renting one gives you more permanence and security. For example, if your landlord/lady decides to sell the property, you risk being asked to leave. Also, if the owner dies while you are under contract, there may be difficulties in having your contract upheld by the replacement owner.

  • Freedom
  • One great benefit of purchasing real estate is the freedom to make your property look the way you want it to look. Therefore, any remodeling or enhancements done will add value to your home. Also, keep in mind that when you are back in your home country, you can rent your property.

  • Potential for appreciation
  • Another great benefit of purchasing real estate is the probability of the property increasing in value over time. So, you could stand to make a reasonable profit if you choose to sell your property years later.

  • A sound investment
  • There’s no doubt that purchasing real estate in Mexico is one of the best investment moves you could ever make—especially if your property is in one of the popular tourist locations that don’t seem to be going out of style for years to come.

  • Benefits of when you rent in Mexico
  • Your financial situation may warrant that you rent instead of buying a property in Mexico. However, if you decide to save and buy the property later, renting may be the best way to decide if the property is worth the financial risk.

  • Less Responsibility when you rent in Mexico
  • Renting a property is the same as saying you have placed all upkeep and repairs in the hands of the landlord/lady. That means if the boiler just happens to shut down, your landlord/lady will absorb the worry of finding a person to fix it and paying for it. Also, if your roof must be replaced, you are not responsible for its upkeep because that’s the owner’s responsibility—your landlord/lady.

  • No long-term commitment
  • No long-term commitment means you have the flexibility to relocate more often. You can get a rental contract as short as a month, a year or even two years. To terminate your contract, it is ethical to provide notice within a specified period.

  • No need for a large investment
  • One of the biggest advantages that comes when your rent in Mexico instead of buying is being able to secure a property with a small investment. Most rentals in Mexico can be obtained by paying the first month’s rent and a deposit the equivalent to a few months.

Brexit

Get Over Brexit Grief and Live in Mexico

If you are here reading this article, it’s very likely that you are one of those 48% of Brits (more likely if you’re Irish or Scottish) who has been left shaken and upset by the Brexit; and if this is the case then you’d not be judged for considering a move out of Europe altogether. If this is the case, have you considered Mexico?

Get over Brexit Grief and Live in Mexico

If you’re one of the disappointed half of the UK who is now considering a long and rocky road post-Brexit then it may be time to consider weathering the pain and stress of this divorce on a sun-soaked beach somewhere. Though this may feel like fleeing a sinking ship, it is key to remember that you must look after yourself first and foremost; no one else will!

Mexico Expats

Believe it or not there is actually a large British ex-pat community to be found in many parts of Mexico, most especially the coastal areas. Puerto Vallarta, Jalisco, Cabo San Lucas, Cancun, and Baja California are particularly popular, as are the most picturesque areas like San Miguel de Allende in the state of Guanajuato, and Tepoztlan in Morelos. Life in Mexico has a lot to offer to retirees, professionals, and young families alike so don’t despair over Brexit.

Homes and Real Estate in Mexico

If you have, or have had, investments in British property it might now be seeming to be sensible to drop your UK investments in favour of more steady economies. If this is the case then you should consider real estate in Mexico. This is nothing like what can be found in the old world; your pound will go much further here, even now, and the pace of life is so much more gentle. Can you imagine waking up every morning to the sound of waves on sand, knowing that you’re guaranteed a sunny day perfect for barbequing…well, this is life in Mexico.

So why not beat the Brexit blues by pushing on to a new phase of life. This could be just the push you need to build yourself a better life somewhere new.

Villa La Estancia Residences Riviera Nayarit

Tips for Buying Real Estate in Mexico as a Foreigner

Are you a foreigner from the United States, Canada or Europe thinking of buying real estate in Mexico? Then you have come to the right place to find the top tips for buying real estate in Mexico as a foreigner.

First off the bat, please note that buying a house in Mexico will not be the same experience as buying a house in the United States or Canada. This is because you are buying a house in a different country, and the procedures for gaining ownership of a property depend on which zone you plan to purchase the property. Just keep in mind that the buying experience will be different—not necessarily a bad or great alternative—just not one you are used to.

Get Familiar with the Mexican Bank Trust System

If you are going to be interested in owning real estate in Mexico, then you probably need to be familiar with the Mexican bank trust system (also known as the Mexican “fideicomiso”) and the definition of the “restricted zone,” which refers to the geographical zones covering 62 miles from the nation’s border and the space within 31 miles of the coastline.

What’s the story with the fideicomiso in Mexico?

Well, here’s a little history behind the zone restrictions for foreigners owning Mexican real estate. The Mexican Constitution of 1917 banned the acquisition of “fee simple” property title for foreigners in locations found within 62 miles of any Mexican border or 31 miles of the coastline. In the 1970s, Mexican businesses with foreign capital were allowed by the Foreign Investments Law to own property titles for buildings used for business affairs. However, there was still no provisions made for the ownership of non-commercial properties until 1994. It was during that time that national reforms revised the real estate restrictions and granted Mexican businesses with foreign capital access to owning “fee simple” titles to real estate found in the restricted zones.

Since the provision was given to Mexican businesses with foreign capital to hold commercial properties in 1994, the Mexican bank trust system has been revised and has now established a law that will allow foreigners (individuals and Mexican business entities with foreign investors) to buy and hold titles for real estate properties within the “restricted zone” for non-commercial (or residential) purposes. As long as the use of the property remains in accordance with the law’s allowances, the ownership is perfectly legal.

Is the fideicomiso safe?

Usage of a Mexican bank trust (or a Mexican fideicomiso) gives people who are not native Mexicans the permission to purchase real estate in the “restricted zone” if the buyer lets the real estate property be held in a Mexican bank trust. This establishes the bank as a Trustee or Fiduciary of the property, which means the Mexican bank is the actual property title holder and not the foreign entity. Making the Mexican bank the fiduciario (or trustee) upholds the provisions made in the Mexican Constitution.

The agreement provided by the bank identifies the bank as title holder, but it also allows you to act as the beneficiary of the property. This means you have permission to enjoy the property as you see fit—meaning you can rent, renovate, or sell the property if you desire. So, whoever actually buys the property will have rights of the beneficiary in the trust agreement. The Mexican Bank gets a fee for the trust contract and gets paid a trust maintenance fee annually by you. The trustee does not have provisions in either the trust agreement or Mexican law to give beneficiary rights to someone else or transfer its role as trustee to someone else without your written permission.

So, you can see, that buying real estate in Mexico as a foreigner is not quite a scary as you might think!

Top Choices for Luxury Beach Real Estate

Top Choices for Luxury Beach Real Estate

Mexico remains as the top choice when it comes to owning luxury beach real estate. Here are the reasons why.

  1. Get more for the Exchange Rate
  2. Mexico’s exchange rate makes it affordable for dollar earners to own a luxury beach real estate in Mexico. A dollar converted to Mexican peso brings a lot more purchasing power that lowers the cost of every property compared to buying the same property in a country where the dollar originated.

  3. Building Costs and Materials are Cheaper in General
  4. This is related to the exchange rate as previously stated. The cost of real property becomes affordable as the dollar continues to strengthen against the Mexican peso. That is why many Americans and Canadians make luxury beach real estate investments in Mexico, as they get higher value for their money.

  5. Mexican Hospitality
  6. Mexico’s hospitable and warm people always touch the heart of any visitors. You’ll feel like you never left home. Everyone is very accommodating and will make your life in Mexico pleasant and easy wherever you go.

  7. Expats to Make you feel at home
  8. When you purchase luxury beach real estate in Mexico, you will become part of a large expat community, receiving a warm welcome by fellow investors. Get togethers and events are often common in the popular expat destinations like Puerto Vallarta, Riviera Nayarit, Riviera Maya, Chapala Lake and San Miguel de Allende. Things like dance lessons, book clubs, art classes and music groups are common. There’ll never be a dull moment, once you set your foot in Mexico.

  9. Great Climate and Sunshine Guaranteed
  10. Sun-filled days will always complement the turquoise blue waters of Mexico’s beaches. The Pacific Coastline, Baja California, the Sea of Cortez, the Caribbean and the Gulf of Mexico are places for potential luxury beach real estate.

  11. Multiple Option for Luxury Beach Real Estate
  12. You can choose what type of house and setting you like for your luxury beach real estate property. From mansions to condos and apartments, you can find it all here. If you like the colonial style with a traditional Mexican house or the modern era with a sophisticated condo unit by the seaside, Mexico can provide. The choice is yours and elegance is the common thing you’ll get.

  13. Accessibility
  14. Considering that Mexico has great tourist destinations, flights are always available, getting to and from this country. Popular places like Puerto Vallarta, Cabo San Lucas and Cancun never fail to attract different people of all nations. The availability of flights make it easy for everyone to access almost all places within Mexico.

Just think about it! Decide and buy a luxury beach real estate in Mexico and you’ll never regret it.

Real Estate in Riviera Nayarit

Great Real Estate in Mexico: Riviera Nayarit

People who love the allure of the sun can enjoy an everlasting experience if they choose to permanently reside in Mexico. The real estate in Mexico’s Riviera Nayarit offers some of the hottest property in town to own, even for the most knowledgeable investors. With its lush and luxurious properties which you can own in full or in part; settling in Riviera Nayarit is a dream that can come true for most people in the United States and Canada with the vision.

Riviera Nayarit Real Estate in Mexico

Riviera Nayarit refers to the long stretch of coastal lands that runs north from Puerto Vallarta’s airport on the Pacific Coast of Mexico, in Bandera’s Bay to Nuevo Vallarta and Punta Mita. It even includes the surf towns of Sayulita and San Pacho. Riviera Nayarit’s stylish real estate properties have long been on the list of of watchful investors who value elegance and admire life under the sun.

Riviera Nayarit’s sunny days are part of its allure – more than 300 sunny days according to statistics, although in practice it seems like every day is a sunny day in Riviera Nayarit. Perfect for beach lovers, the beaches provide real comfort because of their soft and yellow sand that even turtles find suitable to lay their eggs on. Swimming is fun and safe on the beaches in Mexico’s Riviera Nayarit, and there are designated areas to enjoy the blue waters. If you love eating and shopping, top restaurants and stores fill the area and are strategically located in an open and clean environments. If you are looking for a great vacation or a second home, Riviera Nayarit offers some of the best real estate in Mexico and is the perfect place to experience your dream home.

Villa La Estancia Residences stand at the forefront of Riviera Nayarit’s luxury real estate in Mexico. For a reasonable price that starts from $165,000.00, one can experience all the splendor on the beach that a 4 Diamond – 5 star hotel offers. Villa La Estancia residences offer owners access to world class facilities and amenities that can make your stay a truly unforgettable one. Owning a place is not a far fetched dream as it gives you the option of buying a full or a fraction of it.

Owning has never been this easy and having a place of your own in Mexico doesn’t need to be a dream anymore. If life’s enjoyment after retirement is what you’re after, purchasing a property at Villa La Estancia in Riviera Nayarit is your ticket to retirement bliss.

Dream Home in Mexico

All it Takes to Find a Dream Home in Mexico

There are so many people that dream of purchasing a home in Mexico, but many people don’t know how to start that process. One good thing is that Mexico offers plenty of home options that include affordable prices, luxurious homes, and there is a home to meet your budget and preferences. The hard part of finding your dream home in Mexico is searching for that home. One way is searching for a broker who will listen to your wishes and demands. We have come up with some easy steps to assist you in finding your dream home in beautiful Mexico.

All it takes to find a dream home in Mexico

Dream Home in Mexico
The Perfect Location

When searching for your dream home in Mexico you should know what type of home you would like to have, and what type of weather you would like the home to be in. Mexico is great, because you can find a the type of weather you want as Mexico has spring and summer weather conditions, but one bonus is there is no freezing temperatures. There are so many beach locations in Mexico; Cabo San Lucas, Puerto Vallarta, and Cancun provide beach locations, but if you would like an older city for your home, then Lake Chapala, Guanajuato, San Miguel, and Ajijic are perfect Mexico locations for a dream home.

When you are considering where you want to have your dream home in Mexico, then you should also like to think about the things you enjoy doing. Do you love the finest cuisine and enjoy eating out? Maybe you love playing golf or fishing? Do you enjoy spending spare time salsa dancing, or writing? Maybe you just like to visit Farmer’s Markets and flea markets? These are things to consider, because it is your lifestyle that you want to meet.

The perfect places in Mexico for those who enjoy the best in life such as gourmet dining, golfing, art, Farmer’s Market, and living life to its fullest can be found in Nuevo Vallarta, Puerto Vallarta, and Riviera Nayarit.

Search For a Professional Realtor

You should find a professional realtor who is a member of the AMPI (Asociación de Profesionales Inmobiliarios, A.C.), and that realtor should have the references checked out. A professional realtor will be registered with the AMPI, and will know everything there is about Mexico properties. The realtor will be able to show you all types of properties, even properties that are being built. The realtor will take you through the closing process without any problem, then assist you on finding a doctor, and the perfect school for your children.

Purchase a Try and Buy Visit

To get the realistic life experience in Mexico, then purchase a try and buy visit. The try and buy visit purchase will allow you to have a trial of a home in Mexico. A few of the developers encourage the try and buy visit, because it lets you see how the home will be. If you don’t do the try and buy visit, then you should always check out the neighborhoods where the home is located at, so you can see firsthand what is occurring. It is advised to try a few months in a home before you actually purchase it.

Check Newspapers

You should check newspapers daily for homes for sale in Mexico. You can subscribe to Mexico newspapers, because realtors will add new properties. You can check the realtor’s website too as they update new listings daily.

If You Love the Home, then Purchase It

Always listen to your heart. If you love the home in Mexico, then purchase it. You should always listen to yourself and your hunches. If any doubts are in your mind, then simply ask questions. Don’t worry about the small things. When you see your dream home in Mexico, then you will know it.

Mexico's Real Estate Sweet Home

Mexico’s Real Estate Trends 2015

Real estate trends are like anything else; they change from country to country and decade to decade in accordance with the economy and society in question. Mexico’s real estate trends in 2015 are entirely different from those in 2005. In order to keep you ahead of the game, so to speak, we’ve made up a list of the recent real estate trends to affect Mexico.

Mexico’s Real Estate Trends 2015

  • Responsible Lending
  • The only trend that you could think of as a downward turn for 2015 is the overhaul of the Mexican banking system that’s set to make it more difficult for foreigners to get loans and mortgages with foreign income as a qualifying factor. This means that those people in the strongest position are those who have cash ready, or who already have a job in Mexico. Most reputable developers are beginning to offer developer financing to combat this real estate trend in Mexico.

  • Smaller and Cheaper Luxury Homes
  • There has been a trend away from traditional architecture and large houses towards smaller, more affordable condos in a modern, clean cut style. This is especially the case in tourist hotspots like Cancun, Cabo san Lucas, Riviera Nayarit, and Puerto Vallarta. The result is that it’s more affordable to buy a second home or retirement home in these areas without losing any of the touches of luxury and modernity.

  • Dollar Vs Pesos
  • The combination of falling oil prices and the growing strength of the dollar mean that the average American family has a little more money in their pockets when you change them into Mexican pesos. This means that you will be more able to take full advantage of the low house prices in Mexico to buy your dream home for much less than back home.

  • House Prices are Slowly on the Rise but still afforable
  • The drop in house prices over the last 6 or 7 years is not the only thing that is shaping up to make 2015 a great year to invest in Mexico. The Mexican government has started to focus more heavily on education and the creation of job opportunities which means that this is a great time to be thinking about investing in business opportunities too.

Mexico can offer you gorgeous scenery, great weather, value for money, and a warm welcome! So why not take advantage of these trends and shifts in the real estate market; there really has never been a better time to invest in a new life in Mexico.

Villa la Estancia Residences Pool

Villa La Estancia Residences Explained

People who live in North America who would like some sunshine during the winter as well as a beautiful place for their second home will find that the Villa La Estancia Residences located in Riviera Nayarit are at the top of their list of desirable properties. The Residences are in Nuevo Vallarta, which is an exclusive area for luxury real estate that is still reasonably priced for what is being offered. Located there is an amazingly beautiful, long beach that is part of Banderas Bay.

Just what is is great about the Villa La Estancia Residences?

These Residences stand out in numerous ways from the rest of the properties in the area. They have superior quality and facilities, the price is right and the location is idyllic. Another bonus is that it is possible to purchase a deeded fractional product so that you can afford a more luxurious property. When you take this route, the equity remains intact so that you may purchase full ownership someday.

Refined Quality

Villa La Estancia Residences in Riviera Nayarit are located on the grounds of Villa La Estancia hotel. This hotel features among the top luxury hotels in all of Nuevo Vallarta. It is of a very high standard having been built from top quality materials and designed with chic lifestyles in mind. People who are seeking an elegant piece of property for their second home will be very pleased. Each of the residences have been decorated extensively, and they are very spacious. You are sure to feel as though you are on a glamorous set of a movie.

Price

Villa La Estancia Residences are priced competitively, and as such, they are a wonderful choice for an investment. Having an opportunity to buy a fraction means that these apartments are incredibly affordable. Choose from a 1/8 or 1/4 deeded fractions in order to have an investment that suits the level of luxury and class you are seeking. You can also select a full ownership option so that you may live in your property as much as you wish.

Villa la Estancia Residences Pool

Luxury Facilities

When you are a resident at Villa La Estancia Residences, you can experience all of the facilities that are offered by the hotel, including resort activities, the pools, beach loungers and non motorized water sports like paddle boarding and kayaks. Just thinkyou could take advantage of five star hotel amenities such as pools, gourmet restaurants and lush, beautiful gardens like you were living at a hotel.

Unbeatable Location in Riviera Nayarit

Villa La Estancia Residences in Riviera Nayarit are located in the peaceful and exclusive residential and hotel zone of Nuevo Vallarta. It is located near the airport (30 mintues), and is close to Punta Mita, Puerto Vallarta and Bucerias. Enjoy lounging and swimming at the gorgeous beach, which is said to be pristine.

Villa La Estancia Residences

How to Find Great Real Estate in Bucerias, Mexico

Are you sick of chilly winters back home in the United States and Canada? Well you could try to head down south, and buy an expensive beach house on a Florida shore… or you could head down a bit further and towards adventure in Bucerias, Mexico!

There are many amazing opportunities to be found for real estate in Bucerias, Mexico, and for a smaller price tag than you might expect. Located on the Riviera Nayarit (on the Pacific Coast of Mexico), close to Puerto Vallarta, Nuevo Vallarta, and Punta Mita, real estate in Bucerias, Mexico is a popular choice for those looking to move to a safe and welcoming area of Mexico, and get the full experience.

Benefits of Real Estate in Bucerias, Mexico

Expats choose Bucerias, Mexico for their second homes for many reasons. First of all, Bucerias is a very safe and laid-back area of Mexico. It is host to a large stretch of beach that runs from the luxury hotels of Nuevo Vallarta to La Cruz de Huanacaxtle and Punta Mita, and is one of the most breathtaking regions. Sea level is also somewhat shallow here too, with smaller waves. This makes it a lovely place to walk your dog along the beach, or take a sunset stroll with a loved one.

Villa La Estancia Residences

Another wonderful benefit of choosing real estate in Bucerias, Mexico is that you can find amazing, real estate options in safe and chic condominiums and even on resorts/in hotels. The choice of more luxurious residences within Mexico’s hotels and resorts is a great option for those looking for real estate in this region.

Need yet another reason to choose real estate in Bucerias, Mexico? Well, you’ll never be bored. There are a large array of activities to choose from here, including golfing, fishing, diving, and even whale watching (during a certain season – November through March). You can also trot about on a horse, shop at a farmer’s market, visit a turtle sanctuary, and dine and drink and style at some of the many eateries and bars in Bucerias and the surrounding areas. Head to nearby Puerto Vallarta or Punta Mita for chic nightlife as well.

For more info about real estate opportunities in Bucerias, Mexico, check out the full and fractional real estate opportunities available on-site at the 4 Diamond Hotel, Villa La Estancia, Riviera Nayarit.

Villa La Estancia 1 BR Suite

Deeded Full and Fractional Property in Banderas Bay

When it comes to real estate, Banderas Bay in Mexico is one of the top choices for investors seeking an idyllic deeded full and fractional property in the sun. Enjoy being able to own deeded property in fractional or full shares in one of the most beautiful spots in the world. Why not consider owning a deeded fraction at Villa La Estancia Residences in Riviera Nayarit for 2 months or a season, or if you are ready for the commitment, purchase the whole property. Your equity will be yours to sell, live in, or rent if you wish for both full and fractional investments

Many people assume that deeded fractional ownership is the same as timeshare

What is Deeded Fractional Ownership?

When it comes to deeded fractional property ownership, there is sometimes a bit of confusion. Many people assume that deeded fractional ownership is the same as timeshare. While the concept has many similarities, like the idea that you can share the property with other owners, fractional ownership is a real estate purchase like any other, just that you own a portion of the asset. At Villa La Estancia Residences, the portion that you own is divided into one eighth or one quarter fractions which can be upgraded or full ownership if you decided to make Banderas Bay your home permanently.

Villa La Estancia Residences are a cut above the rest

A deeded fractional property investment with Villa La Estancia means that you have all the advantages of both owning and renting, without the stress. Unlike renting a house or apartment, you will never need to pay rent to a landlord. However, you can put your property up for rent, donate or sell it, or put it in your will to go to anyone you wish. This investment also has a chance to appreciate over time.

Villa La Estancia 1 BR Suite

Would I Make a Good Candidate for a Fractional Share?

If you love Banderas Bay, including the areas of Puerto Vallarta and Riviera Nayarit, then you may be an ideal candidate to own a deeded property in full or as a fractional share. The kinds of people who are particularly suited to buying a fractional property at Villa La Estancia Residences are those who may not be ready to commit to buying a luxury second home, or who do not have the funds freed from their current home to make the leap. A fractional purchase allows you to try out what life will be like at Villa La Estancia before purchasing a property completely. Likewise, snowbirds looking to escape for longer periods may find a fractional property just the ticket.

Amazing Real Estate Properties

Villa La Estancia Residences are one of the best places to own luxurious real estate in all of Banderas Bay. Choose from the spacious 2 and 3 bedroom condominiums and the gorgeous penthouses. Enjoy the fact that you will be able to view the ocean from all of the properties that are being offered, and that each and every one are elegant, roomy and luxuriously comfortable. In addition, you can use all the lavish facilities that are available at the 5 star resort.

Remember that only a small number of deeded full and fractional properties are being offered up to own. The Villa La Estancia Residences are available to a group of clientele who want to own stunning properties near the beaches.