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.

Do I Need a Property Manager in Riviera Nayarit

Do I Need a Property Manager in Riviera Nayarit?

So you’ve just bought an investment home to rent out in Riviera Nayarit or Puerto Vallarta and you’ve realized just how much work this is going to be when someone suggests you get a property manager! You ask yourself ‘do I really need a property manager?’, you wonder if it’s worth the money.

Well we can give you a few reasons as to why hiring a property manager in Riviera Nayarit could be the best thing for you and your first foray into being a landlord/lady.

Property managers in Riviera Nayarit and Puerto Vallarta can deal with many different kinds of home

From single family houses, to large apartments and even whole apartment complexes, a good property manager can deal with more than one type of property, and more than one at a time.

They know how to deal with tenants

Tenant management is one of the key roles that a property manager will take on. Not only can they help you to fill your properties in Riviera Nayarit and Puerto Vallarta by putting out the right kinds of advertisement, aimed at the right kinds of people, but they can screen candidates too!

An experienced property manager will have dealt with hundreds, maybe thousands, of tenants and will be able to tell which people are the right fit for you and your property.

Property managers in Riviera Nayarit and Puerto Vallarta will deal with complaints both from and about your tenants, initiate evictions when necessary and they’ll deal with the moving out process too. This means that before your tenants leave the property manager will inspect the property for damage and decide how much, if any, of the security deposit will be withheld.

They can also set the length of the lease and put protections in place to make sure that you’re not losing out.

They’ll keep your property in tip-top shape

Preventative maintenance is the key to keeping your property attractive to possible tenants.
Most property managers in Riviera Nayarit and Puerto Vallarta will have a network of contractors that they trust to get the job done quickly and properly. This means that regular maintenance and repairs will all be taken care of.

They can also suggest cosmetic improvements to your property in order to keep it attractive to prospective tenants. They’ll also be able to suggest trustworthy people to do the work, should you take their advice.

This isn’t limited to properties currently in use, either. A property manager can be retained to keep an eye on vacant properties, too. This means completing regular security checks to ensure there have been no break-ins or vandalism.

They’ll keep your property profitable

Property managers know the market in Riviera Nayarit and Puerto Vallarta; they know what properties can expect to take when in certain places and conditions and, as such, they can help you to decide upon an attractive (but profitable) base rent and can advise you on how and when to adjust it.

Better yet they can play the enforcer by collecting rent and enforcing late fees when necessary.

If needs be they can also initiate and see through eviction proceedings.

They can delegate

If you start to take on other staff, such as a concierge, maid, or security guard then your property manager will be able to delegate necessary tasks to these employees. They can even hire, fire, set and raise the salaries of your other employees, what’s more you can consider them a kind of supervisor who will make sure that your other employees are doing their jobs.

So in answer to that question you have in mind, ‘do I need a property manager in Riviera Nayarit and Puerto Vallarta?’, the answer is pretty simple. You don’t need a property manager; you can, after all, do all of these things yourself if you have the time and inclination. What a property manager does is not beyond you, but they have the skills, experience and know how to do it better.

A good property manager will make sure your rental properties tick over nicely and cause you as little stress or strain as is humanly possible.

So, really, the question is not whether or not you need a property manager; it’s why would you not want to hire a property manager? After all they’ll deal with the nitty gritty and leave you free to sort out the important things.

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.