Puerto Vallarta: A Real Estate Success Story
: What we can establish as being “a success”? Well, in 2000 Puerto Vallarta had roughly $50 million in resort real estate sales (“resort real estate” is defined as real estate purchased primarily by retirees or second-home purchasers). There were rarely homes selling for more than $1 million and few large real estate developments.
: Situated in the prestigious El Tigre golf development in Paradise Village, Nuevo Vallarta, only 10 minutes from the airport, and 20 minutes from downtown Puerto Vallarta. El Tigre offers a professional golf course with a magnificent Mexican club house, a world-class spa with social and full sports facilities, and a private luxurious beach club.
Letting Someone Else Do the Chores: An Overview of Labor Laws for Domestic Employees in Mexico
: Cooking without having to do the dishes or even not cooking at all! A beautiful garden without the weeding! The availability of reasonable domestic help makes all this possible for most North Americans living in Vallarta, but be aware that the casual arrangement you make with Maria to straighten up your condo three days a week is a binding legal contract.
Doing Your Homework
: If you are reading this, chances are that you have a vested interest in real estate in the Vallarta region. You are most likely a buyer or a seller (or both) or a professional involved in the industry, and you need sources of clear and current information about the state of the market.
Best Place to Retire?
: During the past 15 years, International Living magazine has calculated its Annual Global Retirement Index; a resource intended to assist retirees and future retirees in evaluating and comparing the world’s most popular retirement destinations. It is based on a number of criteria, giving various weights to each, depending on its importance to retirees.
Buying Real Estate in Mexico
: It is a common misconception that foreigners cannot own real estate in Mexico, but the reality is that they can. It is perfectly legal for a foreigner or foreign corporation to acquire any type of real estate, holding the property as a direct owner, with the exception of properties located in the Restricted Zone.
Why you should use an AMPI broker
: The time has come. Whether after one brief trip or following years of visiting Costa Vallarta, you have decided that you want to purchase your very own piece of paradise on the beach.
Why Title Guaranty?
: When you decide to buy a property you must be certain that after the sale has been completed you will be the true owner of the property. You need to be confident that no liens, encumbrances or other impediments will prevent your free use and enjoyment of the property.
Escrow; Third Party Security
: When purchasing a property one of the most important issues to address for both a buyer and seller is how and under what conditions the funds will be safely transferred.
Why Puerto Vallarta?
: While Los Cabos and Cancun seem to always be in the news as appealing Mexican destinations, Puerto Vallarta has been keeping a low profile in the background. And while the spotlight’s on them, it is actually Puerto Vallarta that has created this country’s largest resort real estate market.
Real Estate Trends 2007-2008
: For the past five years, we have prepared a list of trends we perceived to be taking place in the Vallarta real estate market. Information is gathered through interviews with real estate agents and developers, then compiled and reviewed for trends.
Mexlend Closes the First Refinancing Loan in Puerto Vallarta
: Puerto Vallarta-based MEXLend, an industry-leading mortgage broker in Mexico, has closed the first GE refinancing loan in Vallarta, and only the second in Mexico, marking the beginning of many more financing options to fund in Banderas Bay.
: A home is usually your largest single investment. When you purchase a home, you purchase homeowner’s or hazard insurance to protect against loss from fire, theft or wind damage.
Real Estate Conference 2007
: This month I want to dedicate some space to the recent Real Estate Conference, one of the fastest-growing events related to the industry in the Bay Area. Numerous speakers and experts in their fields touched on not only interesting points but revealed facts important to any broker or realtor. Books were unveiled, statistics studied and business cards exchanged.
In Search of the Elusive "Perfect" Condominium...
: During our nearly 20 years in Vallarta, we have lived mostly in condominiums, situated in different communities and neighborhoods around the bay. Each has been unique, offering advantages and disadvantages concerning location, layout, price and numerous other things that should be taken into consideration before moving into or purchasing a condominium.
Vacation Home Options Redefine Leisure Travel
: With today’s evolving vacation home market, consumers are faced with an increasingly diverse marketplace and options in leisure travel, according to the American Resort Development Association (ARDA).
REAL ESTATE TRENDS 2006-2007 (updated)
: The primary trend for the Vallarta real estate market over the past three years has been strong, continual growth that has been difficult for developers, realtors or buyers to keep up with.
Puerto Vallarta Vacation Rentals
: In Puerto Vallarta there are numerous properties held by second homeowners who would like to rent out their home or condominium when they are not using it. Learn about the pros and cons of renting your home.
The “Notario” and the real estate transaction
: You’ve found the perfect place to purchase in Bahía de Banderas. Now, meet your Notario. Although the translation of “Notario” is “notary public,” the Notario in Latin American countries has a very different role than the notary in the United States or Canada, who authorizes signatures.
Appraisers in the Real Estate Process
: You’re ready to commit to a property in Mexico – now comes the paperwork phase. Actually, this is pretty painless when managed by a competent Notario, or notary.