Puerto Vallarta Real Estate For Weekend Getaways

Puerto Vallarta Real Estate For Weekend Getaways

If you are thinking about buying a home in Mexico as an investment in your future vacations then you need look no further than Riviera Nayarit and Puerto Vallarta. It may seem idealistic to think that you could own your own home abroad what with the cost and complexities that such an investment brings, but there are some things you can do to make this a little less stressful and a little more feasible.

Owning a home with a resort such as Villa La Estancia in Nuevo Vallarta is one thing you can do to make it simpler. Puerto Vallarta can become a great option when looking for real estate for weekend getaways, even if you live abroad. Take a look at some of the reasons as to why you should consider Puerto Vallarta as the destination for your vacation home:

Short Travel Time to Puerto Vallarta
If you live in a US city near Los Angeles, San Diego, San Francisco, Dallas, Houston, Laredo, and Phoenix you can expect to be in Puerto Vallarta within 1 to 3 hours, and though it’s slightly longer if you stay further north in New York or Toronto, direct flights still give you enough time to get the most out of a weekend away. Puerto Vallarta real estate for weekend getaways can be a viable option even when you live in the USA.
National Owners
Reals estate for weekend getaways is a particularly great choice for national owners. Puerto Vallarta is not only a tourist hotspot for international visitors, but it’s a real favorite with Mexican nationals too! It’s common for people to make the 4.5 hour drive from Guadalajara to have a weekend away, and you even get city dwellers from Mexico City, Tijuana, Monterrey, Queretaro, and Leon coming to this coastal city for some down time.
Homeowners Association
You could be forgiven for thinking that trying to maintain a second home so far from your main residence, but the Villa La Estancia in Nuevo Vallarta makes it easy to own property in Mexico and use it as a weekend getaway. The homeowners association makes sure that all common spaces are kept in good working order, and there’s even a maid service which you can employ to keep your home tidy and clean whilst you’re away.
On-site Security Provides Peace of Mind
The Villa La Estancia real estate options found Puerto Vallarta have all the most up to date security features, and benefits from 24/7 on-site security. This gated community takes your safety and peace of mind seriously! You can sleep soundly, and travel without worry when you own property here.
Rent out your real estate
The waterfront setting offered by Villa La Estancia properties is quite remarkable, and because of it’s beauty the real estate here is considered very desirable and valuable. This means that any weekend getaway home you buy here could give you real returns in terms of vacation rentals too. The plentiful dining and shopping options along with the many family friendly attractions in the area make it perfect for people of all ages and persuasions.

Better still, the villa La Estancia offers property managers to those who wish to leave the details of letting out their property to someone more knowledgeable than themselves. So, really, your vacation let can make you money, give you joy, and do it all without you needing to stress about it!

Real Estate Investments

Real Estate Investments

In the past, the stock market has always been the number one choice for North American investors as they have trusted the stock market with their hard earned income, but lately there are clear signs that this is changing to real estate investments due to the continued uncertainty of the global economy, which is why people are searching for secure investment choices.

Secure investments

One secure investment that you can feel and visibly see is a real estate investment. It is becoming very clear that the real estate market is a safer investment than the stock market for many different reasons, but only if you purchase property that is in a region that will grow and generally in these areas the property will be affordable. Many times when one invests in real estate they are required to put a large down payment for the property, but the returns is very positive and real estate investment properties are for smart buyers who are wanting a property that will provide income and these type of properties would include; apartment buildings, vacation homes, retail properties, and multi-family buildings.

How to invest in real estate

There are a few different ways that you can invest in real estate as you can purchase a (REIT and FIBRA) real estate investment fund or you can purchase a private home, vacation home for rentals, retail locations, office spaces, and apartment buildings. As you can see real estate investments options are endless.

By just glancing, one may think that the stock exchange is the better investment for people over real estate investments, but once inflation is added in along with the cash flow that you would receive annually with the real estate property investment, then it is crystal clear that the better investment opportunity is with real estate investments. One should also consider the appreciation on the real estate as with it you will be earning money every year just by being the owner. One excellent real estate investment is purchasing real estate in locations that is not fully developed, but on the way to emerging, and doing this will provide an immediate appreciation when the location is fully developed. Another excellent real estate investment is purchasing properties that will provide you with income as this is a large return on your real estate investment. Vacation homes and multiunit apartment buildings are two types of properties that you will receive a large return and income for your investment.
Real Estate Investments vs. Stock Market

Here are just a few of the top reasons why real estate investments are better than the stock market:

  • Larger Control Personally
  • Many Advantages with Taxes
  • Real Estate Investments are Secure and Stable
  • Easy to Analyze
  • The Property is Yours to Use

As you can see, real estate investments are the better option over the stock market and it doesn’t matter how old you are. You will receive a constant return and income that is secure, safe, and steady. Real estate investments will always be a safer choice for many, many years and if you select a property that produces income in an up and coming area, then your investment could triple.

Riviera Nayarit Real Estate Villa La Estancia - Deluxe Superior room

Riviera Nayarit Real Estate: Villa La Estancia

Close to the Puerto Vallarta’s International Airport is the ideal place for prime real estate in Mexico, and that is Riviera Nayarit. There is no doubt at all that Villa La Estancia is the perfect choice for those who have the distinct taste of sophistication and luxury on the beach.

Riviera Nayarit Real Estate: Villa La Estancia

Villa La Estancia is perfectly located in Nuevo Vallarta and it is situated between Punta Mita and Puerto Vallarta and it is on the Banderas Bay. Riviera Nayarit real estate at the Villa La Estancia is one of the best real estate opportunities and investments as it is located on a swimming beach that stretches as far as the eye can see north and south. Buyers can choose a full or fractional ownership that comes with 5 Star amenities and services for those individuals that are used to lavish lifestyles and searching for a setting that is laid back and relaxed.

Riviera Nayarit Real Estate at Villa La Estancia

A tranquil setting, world-class services, and a sophisticated style is what the Villa La Estancia is celebrated for. The Riviera Nayarit Real Estate at the Villa La Estancia allows dreams to become a reality for those wanting to purchase prime property in Mexico. The villa comes with an elegant hacienda décor and style that will make a splash with all your friends who want to come and spend time with you at your beautiful home located by the sea. Who knows, your friends may want to be a part of purchasing Riviera Nayarit real estate at the Villa La Estancia too. Take a moment and just imagine the spectacular scene when you arrive at your very own private beachfront property located in Riviera Nayarit where you will be immediately greeted by name from the staff as they welcome you home again.

The Villas at Villa La Estancia in Riviera Nayarit

At the Villa La Estancia the villas include penthouses, and 2 and 3 bedrooms. Each of the villas are designed and decorated with a colonial and hacienda style that is sophisticated and elegant. Each of the villas come with maple cabinets, marble floors, and steel appliances along with private whirlpool tubs and walk-in closets. Each detail and feature has been added to the villas at the Villa La Estancia.

Riviera Nayarit Prime Real Estate

Riviera Nayarit real estate becoming the choice for many more people each day. The Villa La Estancia can be a first home or a vacation home. Due to the climate being wonderful, the cost of living is low, the cuisine is delicious, and all of the residents are welcoming and friendly, because Riviera Nayarit, Mexico is becoming the most sought out locations for retirement.

Vacation Rentals in Mexico

Real Estate for Vacation Rentals in Mexico

There are plenty of real estate opportunities available for prime locations in Mexico that include Los Cabos, Puerto Vallarta, and Cancun in case you think that you have missed out on an amazing real estate opportunity. For foreigners it is easy to invest in real estate for vacation rentals in Mexico, especially now that there are websites, which include Craigslist and Airbnb where vacation rental properties are advertised.

Real Estate for Vacation Rentals in Mexico Investing

Today, foreigners can easily purchase real estate throughout Mexico even though there may be different regulations on buying property that is located in the restricted zones (50km from the coast and 100km from the border). After you have bought Mexican real estate you can start the task of letting the real estate work for you by renting it out short term or long term. Investing in vacation rentals are very popular for vacationers in Mexico and the demand is only increasing yearly. Last year there was an increase of 9% in the real estate industry for the best destinations in Mexico, and the occupancy rates are only increasing in these areas as well.

Vacation Rental Income in Mexico

Why purchase Mexican real estate for vacation rentals? One of the main reasons is the great income that you will receive. Once you have purchased Mexican real estate for vacation rentals you can advertise the rentals in Mexico at US rates, which means you will receive a stable income at a premium price, especially if you plan on renting your vacation rentals during the peak season, which in Mexico is during the winter months. You will be charging the rental in US dollars, but your maintenance, expenses, and all running costs can be paid in Mexican pesos, which means you will make a great return, even if the property appreciation is considered throughout the years.

Paying Income Tax on your Vacation Rentals in Mexico

During the past few years, any income from vacation rentals in Mexico often went unnoticed, but the new tax laws state that all property owners and investors must pay taxes on any income received from vacation rentals. You should always consult with a tax attorney in Mexico, so that you don’t get in any trouble with the law for not paying tax on vacation rentals in Mexico.

Real Estate Property that You Can Use

The real estate property that you purchase is an investment, but it is also a vacation property that you can use too. You will have an amazing vacation property in Mexico available for you that is your very own. One good thing about purchasing real estate property in Mexico is you can rent it out and get the extra income along with having a great vacation property that you can use too. Real estate for vacation rentals in Mexico is a great investment for foreigners.

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.

Mexican Real Estate Q&A

Mexican Real Estate Q&A – Fideicomiso

Foreigners who are interested in purchasing Mexican real estate should continue to read below as the top questions and answers are provided about Mexican real estate and fideicomiso trusts.

What is a Fideicomiso?

A fideicomiso is a real estate trust that you can apply for at a Mexican bank of your choice when you purchase real estate in Mexico. The bank is the trustee to the fideicomiso, and you (or anyone you designate) are the beneficiaries of the trust. The beneficiaries have control over the real estate. The trust is not a lease, but it is equal to a Living Trust in the United States. You can sell it, mortgage it, use it, enjoy it, will it, and inherit it. The Mexican bank will represent you on your behalf, and be the administer

Do you need a Fideicomiso?

If you are a non-Mexican, you will need to use a fideicomiso to legally purchase any real estate in Mexico that lies in the ‘restricted zone’, which refers to any real estate that is within 31 miles (50 km) of all coastlines and 62 miles (100 km) from the borders of Mexico. Foreigners will not need a fideicomiso if they are purchasing real estate that is not located in the restricted zone, although many foreigners still choose to use the trust.

Does my property become an asset of the bank?

The bank has no rights to your property, the bank is merely a steward to your trust. Your property does not become an asset of the bank. No legal action against the bank or bankruptcy will affect your trust.

What is the Fideicomiso trust time period?

The fideicomiso trust time period is 50 years and at any time the trust can be renewed for a fee. The fideicomiso trust is always set for 50 year increments, which is also guaranteed for renewal.

What are the costs involved in getting a fideicomiso?

The current fideicomiso cost is $500.00 (USD).

Does the Mexican Government have the right to take my Property?

At no time can the Mexican Government take your property. Under the NAFTA – North American Free Trade Agreement states that Mexico cannot directly retrieve your property unless it was for a public purpose, such as building roads or highways, and then this can only be done through the correct legal action. The government will give you the fair market price for the trust along with any interest that may accrue.

Can I have a fideicomiso trust for any ejido land?

You cannot get a fideicomiso trust for any ‘ejido’ land as only Mexican nationals can own the ejido land legally. This type of land in Mexico is not considered real estate as it does not come without a title or deed.

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’s Feathered Foreign Residents

Mexico’s Feathered Foreign Residents

If you are a foreign resident looking to make Mexico your second home, you are not alone. According to an article at www.vallartadaily.com, Mexico is the second home to over 350 species of migratory birds. While you might be looking for a warm winter retreat, many of these birds are heading to Mexico for mating!

Mexico’s Feathered Foreign Residents

Migration amongst birds is common, and more than 350 types of birds, with millions of years of evolution behind them, make sure they arrive to their second home in Mexico each year. Most of these birds migrate south from various parts of the United States of Canada, enjoying the warmer winter climates that Mexico offers.

Birds Form Part of Mexico’s Heritage

The article at www.vallartadaily.com suggests that Mexico has a deep relationship with birds, which it has kept since pre-Hispanic times through song, stories and art. Even when you look at the Mexican flag, the symbol of the republic is that of a eagle sat on a nopal cactus eating a serpent.

Domestic and Foreign Residents

According to www.vallartadaily.com migratory birds in Mexico can be divided into four general types: snowbirds (winter residents), summer residents, those in transit, and migrants that join resident populations.

Snowbirds

Just as Mexico affectionately calls the people who live in Mexico during the winter months, snowbirds are those that come for winter. A good example is the golden cheeked warbler of Texas, and there are around 200 other bird species.

Summer Residents

Summer is less popular than winter with only around 30 species of birds that spend summer in Mexico, like the lucifer hummingbird. These birds tend to prefer to spend winter even further south.

Birds In transit

There are another 35 species that tend to mate in northern Mexico then head to Central and South America. For example, the pectoral sandpiper (Calidris melantos) does its breeding in Alaska and Northern Canada, passing Mexico to spend winter in South America.

Migratory Birds that Join Year Round Residents

A less well known category of migrant birds are those that migrate to join residents that spend the whole year in Mexico. There are around 140 such species, including diver birds that do this.

Mexico’s Role in Migration

Mexico is one of the most important counties when its comes to migratory birds as it acts like a funnel allowing passage to Central and South America. As such, Mexico has a responsibility to protect its forests and popular sites for migratory birds so as to protect its foreign residents, no matter how temporary their stay.

best places to retire

Mexico is No.1 – International Living’s Best Places to Retire

Recently, Mexico has taken the No. 1 spot as being International Living’s best places to retire, especially for expats from the United States. International Living (IL) is one of the main authorities on relocating statistics and world-wide retirement.

Mexico is No.1 – International Living’s Best Places to Retire

The statistics for the best places to retire used by International Living are based upon a number of criteria: living costs, how easy it is to get a residents visa and general quality of life. Currently, statistics show that there are over one million expats from America living in Mexico who have decided that it is one of the best places to retire; so it is easy to see why Mexico has taken the No.1 spot for retirement locations around the world.

Best Places to Retire Abroad

Retiring abroad is a popular trend that is still growing and growing, and in the coming years it will only increase. Here are a few of the other countries that made the International Living’s top ten list of best places to retire abroad:

  • Costa Rica
  • Malaysia
  • Panama
  • Columbia
  • Malta
  • Ecuador
  • Nicaragua
  • Spain
  • Portugal.

Why have these countries made the list of best places to retire abroad? Let’s take a look at the top reasons why:

Living Costs are Affordable

While the best places to retire around the world are usually beautiful places in temperate or warm climate, but most retirees are more concerned about the living costs where they retire. One of the main attractions of Mexico is that the living costs are highly affordable. Retirees can live a very comfortable life without a lot of money in Mexico. The housing, food, and amenities will cost less than in your own country, and private healthcare is affordable too in Mexico. You might be surprised a the high quality of medical care you can receive in Mexico.

Mexico is Close to United States and Canada

How close a location is to your home country also has an impact on whether the place is a good destination for retirement. Spain and Portugal are popular locations for retirees from the UK, France, Germany and the Scandinavian countries while Mexico and Central American Countries like Costa Rica and Nicaragua are convenient for retirees arriving from Canada and the United States. Mexico, however, stands out amongst its competition for best places to retire because it is so close to the US and Canada with lots of flight options. Direct flights are offered in the top tourist locations in Mexico, which include Puerto Vallarta, Cabo, and Cancun, which makes getting back home easy to do. It is easy to hop on a flight and be back home within a few hours, which takes the hassle and stress from retirees that want to get back home to visit family or attend special occasions.

The Best Activities and Entertainment

It may surprise you that there are plenty of things to do for retirees in the top cities in Mexico and it is easy to become part of the community with lots of charitable foundations to support with your time and/or money. You will also see familiar brands that will make you feel at home, including Walmart, Costco and Starbucks, as well as many fast food chains that you will recognize. Obviously the charm of retiring in Mexico is to experience the Mexican life, but now and again it is nice to see familiar brands. The dining options are world class and plentiful. There will be English movies in the theaters along with nightlife, festivals, and music tours that come to these areas.

Many English Speaking places to retire

It is very common that English is being spoken in the major cities in Mexico. This is often a big worry and concern for retirees that are considering retiring in Mexico. If you don’t speak Spanish, then you don’t need to worry, because you will find that many people speak English in the popular expat towns in Mexico like Puerto Vallarta, Cabo, Cancun, Lake Chapala and San Miguel de Allende. Obviously, learning Spanish is a lot of fun and great to keep your brain exercised.

Are you considering retiring in Mexico? Let us know what your thoughts or concerns are below.

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!