You Need to Buy Mexican Real Estate

Four Parties You Need to Buy Mexican Real Estate

Are you planning to buy Mexican real estate? If your preferred land is within the restricted zone (within 50 km of the coastline and borders), it is important to know that there are 4 important parties involved in your transactions. Each of these parties will provide assistance according to their expertise. With their help, the process of follow to buy Mexican real estate is easy.

  • Notary Public
  • Buyer’s Attorney
  • Bank (Fideicomiso)
  • Real Estate Company

Notary Public

You need an official and unbiased representative of the government of Mexico whenever you transact in real estate business. You cannot buy Mexican real estate without the services of a notary. A Mexican Notary (Notario Publico) is a licensed attorney duly certified by the state and Federal government. A notary in Mexico acts the same as those in Canada and has greater responsibilities than notaries in the US. A Mexican Notary has gained the position as a government official after passing stringent exams given by the Mexican government. All records they provide must be original and must be recorded in the Public Registry of Property. A Notary can be held liable in both civil and criminal terms, that is why a notary’s role in Mexico is very serious. Aside from these expectations, a notary is also tasked to authenticate legal documents, calculate capital gains tax, and ratify all real estate transactions in Mexico. A real estate transaction which is not ratified before a notary and rightfully recorded in the Public Registry is considered invalid and non-enforceable. In any real estate transaction, the notary is highly responsible both to the buyer and the seller, as well as to the Mexican government.

Mexican Real Estate Buyer’s Attorney

It is not compulsory to have a buyer’s attorney when you buy Mexican real estate, but it is recommended. It is also important to get a Mexican attorney instead of a foreign one since foreign attorneys are not licensed to practice law in Mexico. Getting the service of a licensed Mexican attorney will provide you with advice on the laws related to the real estate. The attorney will represent you and protect all your legal transactions. It will also be the attorney who will draw up contracts and review the terms and conditions of the sale. Aside from these, an attorney can help you save your money as they have lots of contacts including banks, notaries, and the Mexican politics.

Mexican Bank for your fideicomiso trust

Your authorized bank is your Trustee Bank which will act as Trustee (fideicomiso). The bank must be a Mexican registered financial institution. As a buyer, you must choose a qualified bank which will ensure a legal and appropriate transaction. The bank will provide a trust for the real estate which you own and control on your own. The bank trustee is not allowed to transfer ownership of the property, change the beneficiary rights, or do anything about the property without the owner’s written instructions. With the government protection against bankruptcy, the trust is guaranteed by the government indirectly.

Real Estate Company

When you choose to buy Mexican real estate, the procedures will be different from what you may be familiar with. It is important to have the right people for your business transactions. Having these people and a team of experienced, knowledgeable, and dedicated real estate agents will make your experience not only different, each step is ensured with guidance, and the outcome is a smart and secure buy.

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.

Moving Abroad

Will you Miss your Family Too Much Moving Abroad?

If you are considering moving to a new country and starting a new life or retirement abroad, you might find yourself challenged with how to cope with missing your family. The idea of having to leave your elderly loved ones or your young ones might keep you from relocating. Here are some good tips to stop you from missing your family too much when moving abroad.

Start socializing asap

Start socializing as soon as you can upon moving abroad. Gain new friends and widen your social circle by joining as many groups as possible. Get involved with community activities such as taking Spanish lessons, joining dance, cooking, or yoga classes etc. Be sure to create excuses to invite your new friends to other events so that your circle starts growing. Making new friends who are in the same position as you will certainly help when you miss your family.

Get in touch with new technology

There is actually no excuse not to communicate with your far-off loved ones with so much new technology. Through Internet, webcams, and services like Skype, Facetime, and others, you get to talk and even see your family and friends face to face with just a few clicks. Don’t be shy of new technology; if need be ask your younger family members to show you how to use it so that staying in touch is easy.

Stay regular

You can also use your gadgets to set up a regular schedule when you are going to make your calls or do your video chats. A weekly, monthly, or whatever schedule that will make up your routine calls is more convenient. You won’t have to blame yourself when you realized a long time already passed by without any word from you or your closest back home. The best way is to not let too much time go by. Get into the habit of sending regular messages and calling frequently.

Choose an attractive location

When you make your move, choose a place where direct flights are available for your family and friends back home to take advantage of. Cities served by budget airlines will encourage friends and families to come and pay you a visit. You will be amazed at how many of them will come over and cheer you up.

Choose a place where the cost of living is low

You might also find it more convenient if you stay in a place where the cost of living is less expensive. This will motivate more vacations from for your family and friends. You will also have enough to save for your yearly visits back home or you may want to treat your dearest by buying tickets for them when they want to come over.

Buy or rent property that is big enough for visitors

Prepare for your guests when moving abroad by making sure you have plenty of rooms to accommodate them and additional bathrooms. Make it comfortable when people visit and you will see they will come and visit more often.

Moving abroad can be the best decision you ever make!

Villa La Estancia Real Estate in Riviera Nayarit

Villas for Sale in Riviera Nayarit, Mexico

Ever imagined having a luxury home in Nuevo Vallarta, Riviera Nayarit in Mexico? Well your dream can come true if you buy a home at Villa La Estancia Riviera Nayarit. There are 135 maintained colonial-style villas completely updated with modern accessories like stainless steel appliances and gourmet kitchens. Also, there is the option to buy a penthouse, 2-bedroom or 3-bedroom to suit your living needs in Riviera Nayarit, Mexico

Villas for Sale with Home Comforts and luxuries

You are going to love the feel of home you get once you enter the hacienda-style gate that goes up to the front door. Once you enter the door (made of beautifully crafted maple wood), you are greeted with an extravagant living room, a spacious dining room and a spacious entertainment section. Other luxuries include satellite TV with premium channels, climate-control air-conditioning, a washer and dryer, high-speed internet, electronic keys, stocked mini bar and turn-down housekeeping service.

Luxury Features

The double-glazed windows and sliding doors that lead to the terrace or balcony of your home gives you an awe-inspiring view of the Pacific Ocean! All through the house you will find premium marble flooring and maple wood cabinets. Your en-suite bedrooms have a spacious travertine marble shower, a spacious walk-in closet, a whirlpool tub and dual vanities with marble countertops. With all these amenities, it may be hard to step out the door!

  • Two-Bedroom Villas for sale
  • Measuring 2,212 square feet, the two-bedroom villas from Villa La Estancia Riviera Nayarit contain a master bedroom with a large en-suite spa bathroom. The other bedroom has two queen size beds. Another lovely feature of this villa is the massive balcony that makes nature watching a comfortable delight while enjoying the comfort of your home.

  • Three-Bedroom Villas for Sale
  • You’re going to love the three-bedroom villa that comes with two master bedrooms and large spa bathrooms! These 2,790 square feet of luxury have top of the line bedding with cotton linens and your choice of pillow styles so you can get a good night’s rest. On the balcony, you have a top brand grill with a whirlpool spa so you can bathe in the sun all year right in your own backyard!

  • Penthouse Villas for Sale
  • You are going to love this 4,316 square feet of endless beauty! These penthouses are very spacious and have three large bedrooms that provide a wide area of comfort, privacy and quiet for each occupant. The outdoor area is the hallmark of the Villa La Estancia Riviera Nayarit’s penthouses. Your outdoor area includes a roomy terrace with a top brand grill and Jacuzzi so you can enjoy the sights and sounds of the environment.

Villa La Estancia Real Estate Discovery Program
Nuevo Vallarta Receives Clean Tourist Destination Award

Nuevo Vallarta Receives Clean Tourist Destination Award

Nuevo Vallarta can be found just 20 minutes north of Puerto Vallarta, and was recently awarded a certificate for being a “Clean Tourism Destination”. This award, given on May 19th 2016, is the first of its kind to be awarded within Mexico.

FIBBA Compliance – Clean Tourist Destination

Nuevo Vallarta was able to meet the quality requirements for Clean Tourist Destination thanks to FIBBA’s compliance in the fields of waste and water management, and urban infrastructure. Nuevo Vallarta has seen rapid growth within the last three decades, and yet has maintained a better level of urban planning than many cities twice its size. It has gorgeous avenues with lush, well-kept foliage and natural waterways which catch the sun so well. This is a wonderful home away from home for foreigners and nationals alike. When you are here you’ll enjoy a standard of living not found anywhere else.

Nuevo Vallarta is a Clean Tourist Destination

Roberto Sandoval Castañeda, the Governor of Nayarit, proudly accepted the certificate for Clean Tourist Destination from Pacchiano Alamán, the head of SEMARNAT (the Ministry of Environment and Natural Resources). Local officials were honored by the acknowledgement the that municipality of Banderas Bay had gone above and beyond the legal requirements by ensuring that sustainable growth was a priority, and by keeping the area impeccably clean.

Why is Nuevo Vallarta so popular?

If you’re yet to explore Nuevo Vallarta, and want to spend an afternoon in the area, or take a vacation here then we have some great suggestions for things to do;

Beach Strolling

Start at the hotel zone and make your way down the beach, all the way to La Cruz de Huanacaxtle. Pass by lovely hotels and enjoy walking on hard packed sand and the sound of soft rolling surf. This is a favorite pastime for locals and vacationers.

Boogie or Skim Boarding

The waves in Nuevo Vallarta are perfect for those who want to learn how to boogie board, or who enjoy skim boarding.

Ride a Bike

The gorgeous scenery found in and around Nuevo Vallarta is perfect for leisurely bike rides and intense workouts alike.

Walk the marina’s malecon in Nuevo Vallarta

If you love boating or want to learn how then one of the two marinas in Nuevo Vallarta will do just nicely. Of course you could also just grab a cup of coffee and watch the yachts come and go for a few hours.

Foodies Galore

Nuevo Vallarta is a haven for foodies, and offers tastes unlike anything found elsewhere in Banderas Bay. There are many gourmet options which range from seafood to surf and turf, Mexican to Italian, and the venues range from fine dining to relaxed and casual.

Turtle Season

At the south entrance to Nuevo Vallarta there’s a great seafood restaurant; La Laguna. After your lunch you could throw some bread to the turtles.

Nuevo Vallarta is a place that many return to year on year, and that the residents are proud to call their home. We’d like to offer congratulations to all who contributed to making this area the first celebrated Clean Tourist Destination in Mexico.

Penthouse-Suite-Luxury Condos

Retirement and Downsizing to Luxury Condos

Downsizing to luxury condos can be a reality for the seventy year old baby boomers and post-war babies in full swing of retirement. Even though the babies from the post-war period are still quite a ways from needing sheltered or assisted accommodation in retirement villages, many baby boomers and post-war babies are ready to downsize from their long-time family home. Downsizing to luxury condos after retirement is a great option. If you are considering downsizing to a luxury condo, then there are some things that you should think about. Look below at the 4 top things to consider before downsizing to a luxury condo.

  1. Luxury Retirement Communities
  2. There are many luxury condos that naturally become beautiful retirement communities as the population ages. If this is the kind of lifestyle you seek then these kinds of communities are the right choice for you. However, some retirees want a mix, which is why it is important for people to have the right type of luxury condo community to meet their needs and preferences.

  3. Vulnerabilities and Convenience Knowledge
  4. Retirees and older people know they need to meet their vulnerability needs while also appreciating convenience upon retirement. This is the time when retirees and older people are beginning to face their vulnerabilities and the importance of convenience such as a ground level condo that has an amazing view or a luxury condo that is in a high-rise with an elevator.

  5. Luxury Amenities is a Must
  6. Luxury amenities is a must for 55+ and retires. This could be a pool, parking underground, services from concierge, shopping that is easy to get to, and cafes and restaurants that can capture the attention of baby boomers and retirees in today’s competitive market for luxury condos.

  7. Location is Key
  8. Location is key for any older people buying a condo. The location should always be thought about before the purchase, even all expert professionals can’t stress this enough. When you are looking at a condo to purchase, then look over the location very carefully. Retirees want to have easy access to leisurely activities, community facilities, and shopping now that they are retired.

    You also want to make sure that the money that you are investing in the condo will secure your investment. Does the condo complex have a pool, gym, or any other added spaces? A smaller condo has many advantages and offer these type of amenities, but any condo that offers the extras come with a higher price, so think about if these added features are worth the extra money for the condo?

    Purchasing a luxury condo after retirement is a big decision. Here are more questions that you should consider:

  • Are there maintenance fees with the condo and how are the fees be expected to be paid?
  • Are non-slip surfaces supplied in the condos? If so, where are they located?
  • Can walkers be easily used at the condo?
  • Are the cupboards easy to get into?
  • What type of lighting is supplied?
  • Is the bathroom designed for older people and can older people get into the tub or shower easily?
  • Can a wheelchair be used in the bathroom?
  • Does the condo come with modern technology features such as remote control drape opening and closing, remote control lighting, and full-time security?
  • Does the condo community have a dining room and an activity room? If so, can these rooms be rented?
  • Do you provide enough storage?
  • Are pets allowed at the condo and are there certain rules for pets?
  • Is there any way I can see the design and developers other properties? Am I able to talk to any of the residents that live in the condo community?
  • If I have to use a wheelchair later in life will I have access to all the luxury ameneties.
Alternatives to Full Ownership in Mexico

What are the Alternatives to Full Ownership in Mexico

For those who are interested in alternatives to full ownership real estate, who only want to invest in the amount of time they actually will be vacationing rather than full ownership, there are alternatives that involve purchasing just a portion or fraction of the property in weeks’ or months of the year. This can involve receiving actual titles or deed, or it can be a right-to-use, commonly 25 to 30 years.

Timeshare / Vacation Ownership

Timeshare ownership includes right-to-use properties or a more flexible points-based program. Owners purchase a condo or villa for one or more weeks use within a fixed or “floating time” system, which allows scheduling each year’s vacation during the most convenient week within a specified season. With timeshare, consumers have the opportunity to purchase time at resorts offering a wide range of amenities at different destinations. While most vacation ownership villas have two bedrooms and two baths, floor plans range from studios to three or more bedrooms. Ownership is usually a one-time purchase, which often is developer financed, owners then pay an annual maintenance fee based on the unit size, location and amenities.

Fractional Ownership / Private Residence Clubs

A step above timeshare is fractional ownership, which usually comes with fully deeded titles to your fraction. Fractional ownership has the benefits of second-home ownership, but for a fraction of the cost and without all the responsibilities. Considering the average vacation-home buyer uses the property just three to four weeks a year, fractional ownership tends to be more in line with the actual use of the vacation home. Additionally, fractional properties are generally affiliated with high-end hotel companies or high-end boutique operators, so owners have the benefits of personalized services and amenities. In addition to the purchase price, there also are annual maintenance fees to consider.

Destination Vacation Clubs

Members of a destination club are not buying a specific property, but rather the right to use any of a portfolio of homes owned or operated by the club company. With few exceptions, they offer a non-equity-based membership emphasizing a broad selection of vacation-home experiences. Most destination clubs also offer members concierge services. The average length of stay at destination clubs ranges from one to nine weeks, and costs include a one-time fee, although the club may also charge a nightly fee while guests are in residence.

Condo Resorts and Hotels

Condo hotels and resorts offer a portion of their hotel room inventory for sale to the public. The owner may use it for vacation or corporate housing needs or place it in a rental program, typically managed by the hotel. Owners then receive proceeds from the rentals. Buyers enjoy the benefits of owning real estate in a desirable location coupled with hotel amenities and services. Annual dues also apply. Condo hotel pricing varies by real estate market trends.

Real Estate in Riviera Nayarit

How to Choose Real Estate in Riviera Nayarit

Owning a vacation home can be a great asset and investment, but actually looking for a property that you want to invest in can be tough. In areas like Riviera Nayarit and Vallarta you will be spoiled for choice as to the kind of real estate on offer. You just need to know where to look, when to compromise and what factors to think about.

Here are the five main factors you should consider when looking at real estate in Riviera Nayarit

    Size: do you need more than one spare bedroom? Or, realistically speaking, are you unlikely to have many visitors at all? It’s always a good thing to have one spare bedroom as an office/guest room, but much more might be unnecessary. For those looking to downsize on size but not on luxury, you might consider a lavish condo on a resort or or an ocean view villa.

    Location: as is so often said, location is really key when it comes down to finding a home that is worth the investment, both economically and personally speaking. In this sense, think about location as the overall area in which the house is situated; what is the crime rate like, what’s the income per head on average, and are there good facilities in easy reach? All of these things should be considered; being close to a good school will bump up the price in many cases, but if a good school is of no use to you then you could probably find a similar or better home for the same price elsewhere. Real estate in Riviera Nayarit is very varied.

    View: the view isn’t a huge deal for many people, but the area is well-known for its good weather so think about what kind of outside space you’d like and what view you want to enjoy. Even if it’s only a small balcony, having a good view with your breakfast in the morning is always a plus. If there is one thing that characterizes real estate in Riviera Nayarit, it will be the views!

    Amenities: this is key for a vacation home! Think about what it is you like to do when you’re looking to buy a home in Riviera Nayarit. If you like to dine-out go cosmopolitan, if you’re a golfer look to see where the great golf clubs are, and if you love to swim and surf proximity to a beach is key.

    Time: if you’re really only looking for a vacation home, and you’ll only be using it for a few weeks a year then you might consider vacation clubs, residence clubs or fractional ownership as an option. However, if you’re looking to invest in a retirement home, however, or to rent out your vacation home in the time that it is empty then you could do much worse than to look in Riviera Nayarit or Vallarta.

We wish you happy home hunting for real estate in Riviera Nayarit!

Relocating to Puerto Vallarta and Riviera Nayarit

What’s the Deal with Relocating to Puerto Vallarta and Riviera Nayarit

A dream come true for some is the opportunity to live in Puerto Vallarta and Riviera Nayarit. Relocating to one of Mexico’s most remarkable locations is a lifestyle change that few are able to experience and can be a significant change to your life. If you are coming from a foreign country like the United States or Canada a move like this can be a very challenging experience for all.

Set out below are some useful tips to help you settle in when you arrive in Puerto Vallarta and Riviera Nayarit.

Where are you going to live?

During your first week or so after relocating to Puerto Vallarta and Riviera Nayarit, if you don’t have any friends or family to move in with, it may be advisable to stay in a cheap hotel or a short term rental. This will help you to get used to your new surroundings and give you time to figure out exactly where you will be working and, more importantly help you decide where you would like to live. You really need to be in Puerto Vallarta and Riviera Nayarit while trying to find a place to live. Viewing properties and gathering information from other expats can help you find your perfect home upon relocation.

Making your property a home

When you have found your ideal property upon relocating to Puerto Vallarta and Riviera Nayarit, getting, furnishing it can be very exciting. There are numerous interior design stores opening all the time, but to find great deals, original furniture, artwork and great choice you may need to go to Guadalajara, the capital of Jalisco. Bringing your furniture with you from your home country is another alternative.

Education system when relocating with Children

If you have come to live in Puerto Vallarta with your children, relocating can be particularly challenging, but still lots of fun. It is very important that you get them back into their normal routine as soon as you can after relocating to Puerto Vallarta and Riviera Nayarit. For anyone coming over from countries outside of Mexico, there are many bilingual schools, mostly private, to choose from. There are also some fantastic public schools that are available for the Mexican nationals. One thing to concentrate on is to clarify where your child’s school is located as this will have a bearing on where you should live.

Money

As a foreigner, getting a job in Puerto Vallarta or Riviera Nayarit can be difficult. Getting a job with a decent salary is more of a problem. You should therefore make sure that you have some savings to live on whilst relocating to Puerto Vallarta and Riviera Nayarit and looking for employment. With the cost of living much lower in Mexico, it is possible to live on a basis pension from the USA, Canada or Europe.

Got anymore tips to share about relocating to Puerto Vallarta and Riviera Nayarit? Add them to the comments.

Thinking of Downsizing

Thinking of Downsizing?

Are you thinking about downsizing? Downsizing is a very important decision that most retirees face, but what does downsizing actually mean? What do you need to do to downsize? Why don’t you take a look at the information provided below and you will see some easy ways to downsize.

Downsize for Ease

Reducing the size of your home is what downsizing means. It means you will have to sell your home and move to a home or place that is considerably smaller. You will use the equity in your present home to purchase another home or place. It doesn’t mean you have to purchase something cheaper, because many downsizers select to buy a place that is more expensive, added luxury, and sometimes in a foreign country. This may apply to you too.

Remember, downsizing is more than just moving into a new house, because it requires research, preparation, planning, and removing some of your possessions. You should always follow your gut instinct and heart, but think about your decisions thoroughly.

Are you ready to Downsize?

Are you ready to downsize? This can be a hard decision for retirees, because this means that your kids are moved out and not moving back into your home. You are now an empty nester. You have space in your home that you are not using any longer and your house is just too big to take care of anymore. People have different reasons that they downsize. It could be a change of scenery, an easier life, traveling, or just for personal reasons.

Many retirees downsize due to financial reasons. This will allow the retiree to have extra cash to invest or move elsewhere. Some retirees have no choice, but to downsize, because of health reasons. They have to move closer to family and friends or they need to live in a place where they can have professional assistance like at a retirement village.

    Whatever your reasons, here are some dos and don’ts for downsizing:

  • Make sure you assess all your needs for your new residence
  • Don’t make quick decisions. Take time
  • Downsizing means you will need to get rid of things that you don’t need, so decluttering is essential
  • Choose the kind of property that will best suit your needs. A house, condo, villa, retirement village or an apartment, but many apartments have stairs, so keep this in mind
  • Seek professional advice and do your own research on the real estate market before you sell or buy
  • Try renting before buying in a new location
  • Make sure that the new place is close to family, doctors, and any other services that you need
  • Don’t make rushed decisions
  • If you are uncertain about a property, then think twice before you buy it
  • Once you sell your property make sure you put the money away, so you have plenty of retirement money