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.
: That beautiful home or condo on the bay is now yours, and you’re planning to enjoy more time in Vallarta. Not meant as a dire prediction, but a practical approach, you may need to spend some time in a lawyer’s office in Mexico, as well.
Fractional is the new high-end product
: Of a recent real estate conference in Mexico City, local developer Miguel Angel Lemus says, “I discovered the new evolution of the real estate market, how it’s moving toward a new phenomenon that combines lodging elements.”
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 – more Americans own homes in “PV” than in the other two cities combined!
The Attraction of Fairway Homes
: Residing on a beautiful golf course and owning prime Costa Vallarta real estate is any golfer’s dream. As the sport fast becomes a favorite pastime for many seniors, snowbirds and year-round residents, this dream is becoming a reality for many.
: Lights twinkle on soaring masts against the twilight sky, as boats rock gently in their moorings and buoys chime soothingly in Vallarta’s sweet breeze. It’s a beautiful scene, and one that can be easily enjoyed in the Bahia de Banderas without ever boarding a boat. Dockside life can be enchanting from the terrace of a marina home.
: Have you seen that perfect property on the bay, but you’re not quite prepared to cash in your US or Canadian investments to make it yours? Are you set to make the move to Puerto Vallarta, but just a bit shy of ready cash for a condo? Now you can stock up on suntan lotion, because mortgage financing has come to Mexico.
How to Buy Real Estate in Vallarta
: It is a common misconception that foreigners cannot own real estate in Mexico, but the reality is that they can. Outside the Restricted Zone, defined below, a foreigner or foreign corporation can acquire any type of real estate, holding the property as a direct owner complying with Mexican law.
Useful Information for the Real Estate Owner
: At the beginning of every year, you need to pay property taxes (Impuesto Predial). If they are paid in January, you receive a 15% discount.
Explanation of Closing Cost
: When a property is acquired through a Purchase-Offer or when a Trust Transfer Domain is carried out before a Notary Public, in order for them to be legally constituted they must meet with a series of permits and expenses