New Real Estate Products in the Bay of Banderas
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April 1, 2008 |
| With the arrival to two powerful developers, Nuevo Vallarta transformed. A big impetus to buyer interest was the creation of two good golf clubs with food and sport. |
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Mexico from a World Perspective
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March 1, 2008 |
| The Mexican Chamber of Commerce for Tourism and Services has released figures for 2007.. |
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“Holding our own”
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February 1, 2008 |
| We seem to be holding our own and we are now experiencing serious offers made by American citizens as well Canadians. |
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Pre-Construction Report
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January 1, 2008 |
| Much of the recent real estate growth in Puerto Vallarta has occurred due to the increase in new developments and projects throughout the entire Bahia de Banderas area. |
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Reasons why the mortgage market looks good.
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December 1, 2007 |
| Recently there was a question in a local Vallarta paper asking David Schwendeman and Terence Reilly, with MEXlend, was the mortgage meltdown in the US affecting the mortgage market in Mexico? |
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Advice to foreigners buying in Mexico and their home town agents.
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November 1, 2007 |
| Buying south of the border is not like buying property in the US or Canada. Purchasers must always remember that the process is different from purchasing another house in your neighborhood or country. |
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Heard in the bay...
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October 1, 2007 |
| I have had the opportunity the past few weeks to take clients to many parts of the Bay in search of real estate. These tours have given me the opportunity to talk to the AMPI brokers and agents in whose offices we have been.
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The Real Estate Market Where are we in the market?
- Mid Year 2007
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September 1, 2007 |
| As we wait for a normally slower summer/rainy season to end and prepare for the “high season,” we think more about the adjustment going on in the USA real estate market.
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Capital gains tax in Mexico
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August 1, 2007 |
| There has been much discussion on the tax changes in effect since the end of last year. I have wanted to write about this subject, but only after I had information from a source I felt was knowledgeable and thorough.
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Mexican Real Estate Investment -
The Future Outlook to 2040
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July 1, 2007 |
| Recently I attended the FIABCI International Real Estate Confrence in Barcelona, Spain. One of the highpoints of this conference is the chance to hear real estate professionals from all over the world explain what is happening in their markets.
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Ejido Land in Mexico
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June 1, 2007 |
There is increased demand for building lots in the Bay of Banderas,
continuing up the Pacific coastline.
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Buying and Selling Real Estate in Mexico
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May 1, 2007 |
To better understand buying and selling real estate in Mexico, it is helpful to know some basics
about the national real estate laws.
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A Glimpse of the Current Real Estate Market in the Bay of Banderas - Part II
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April 1, 2007 |
| How does the Bay of Banderas rank in comparison to the demand world wide for second homes?
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A Glimpse of the Current Real Estate Market in the Bay of Banderas - Part I
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March 1, 2007 |
| It is interesting to see how artists flock around the worlds’ beautiful places.
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How survive and learn to enjoy condominium ownership
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February 1, 2007 |
| For most of you who have owned single-family homes, buying a condominium is a new experience.
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Enjoy your guests and still have time for yourself
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January 1, 2007 |
| Most of us have experienced the thrill of being able to share our new second or retirement home with our friends who live elsewhere.
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Frequently asked questions on buying Real Estate in Mexico.
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December 1, 2006 |
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6 Big Time Mistakes That cost you money when selling your home
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November 1, 2006 |
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Letter from Hong Kong – Part I
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October 1, 2006 |
| What a joy it was to be able to arrive in Hong Kong, the famous island city which became independent of England in l997.
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Feng Shui and Staging Techniques - II
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September 1, 2006 |
| As discussed in the previous article on Feng Shui, it is the ancient art of placement to promote harmony, wealth, success and health.
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What does Feng Shui have to do with Real Estate?
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August 1, 2006 |
| In Thailand, we went to 4 residential developments of varying price ranges. All the homes were designed incorporating the principles of Feng Shui!
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Letter from abroad
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June 1, 2006 |
| I traveled recently to Southeast Asia to attend a real estate conference. Real estate brokers and developers from all over the world attended the meeting of FIABCI in Bangkok.
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Guatemala, Mexico’s Neighbor in Central America
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May 1, 2006 |
| Property titles are kept in the National Registry for Property, which is computerized and run by the government.
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What’s Been Happening? - What 2005 Gave Us?
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April 1, 2006 |
| Beginning with January 1, 2006, we knew that we were facing large issues of oil prices for the coming year.
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Outlook for 2006 Part 1
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March 1, 2006 |
| This is the year when we are seeing a more concentrated effort by certain lenders to offer residential mortage products in Mexico.
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Real Estate Quiz
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February 1, 2006 |
| See
what you know!
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Test yourself on Mexican facts – Part II
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January 1, 2006 |
| What
do you know about Language, Land, Folklore, Superstition, Education,
Holidays, Economy, Consumerism, Health & Medicine, social
Issues, Sports & Entertainment and Tourism?
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Test yourself on Mexican facts – Part I
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December 1, 2005 |
What
do you know about Art, Music, Food & Drink, Government and
History?
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Current Market Conditions and Outlook for 2006 |
November
1, 2005 |
| The continued interest in buying properties within the Bay of Banderas has created ongoing activity for the most part of 2005..
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Letter from France |
October
1, 2005 |
| Recently, I had the opportunity to travel to Greece to attend a conference sponsored by FIABCI. This organization is the International Real Estate Federation founded in Paris in 1949.
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"Simpatico" |
September
1, 2005 |
| One of the most common and historic cultural traits of citizens of Mexico is the characteristic of "simpatico."
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Letter from Greece |
August 1, 2005 |
| Recently, I had the opportunity to travel to Greece to attend a conference sponsored by FIABCI. This organization is the International Real Estate Federation founded in Paris in 1949.
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Banderas Bay Development Guide ©
Casa del Sol Condominium – Nuevo Vallarta By The Editor |
July 1, 2005 |
| Exclusivity, comfort, luxury and security are the mottos of this development located in front of the beaches of Nuevo Vallarta.
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Buying a Property |
June 15, 2005 |
| We all dream of someday owning property on the beach to take a vacation or to retire alter long years of labor.
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Suggestions on buying and owning in Mexico – Part I |
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| The differences in the procedures of buying and owning land vary within Mexico. If you are a foreigner purchasing within a restricted zone, you will have a fidecomiso trust. If you are a foreigner purchasing outside the restricted zone, you will have an escritura, or deed, without a trust.
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Tips on owning real estate in Mexico |
May 1, 2005 |
| The word “MAÑANA” has more meanings than the limited one of “tomorrow.” This one word can create a lot of misunderstanding in the beginning for a foreigner.
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Golf Destinations in the Bay of Banderas
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April 1, 2005 |
| There are a surprising number of professionally designed and built golf courses within The Bay of Banderas on the West Coast of Mexico.
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Mexico's underground entrepreneurs and private property rights
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March 1, 2005 |
| I had scheduled time this weekend to write my annual report on real estate sales within the Bay of Banderas for 2004.
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Canadian, American and Mexican Business Practices
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February 1, 2005 |
| If we understand some business customs of our neighbors, it is easier to accomplish an objective between parties.
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Cultural Orientation of North Americans
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January 1, 2005 |
| The three countries of North America share similarities and differences.
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Mexico Future Housing Demands
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December 1, 2004 |
| Mexico may be on the verge of significant changes in the housing market.
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Letter from Vancouver , B.C., Canada
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November 1, 2004 |
| Vancouver is a beautiful city in the province of British Columbia.
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Real Estate Sales in the Bay of Banderas
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October 1, 2004 |
| This report is a snapshot of the overall market for this period...
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Letter from France |
September 1, 2004 |
| A hello from France before I make the trip back to Mexico!
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Condominium changes in Nayarit, Part II Common Property
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August 15, 2004 |
| In a horizontal condominium development, the difference is that the land individually owned is NOT part of the common land ownership.
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Recent Law Which Regulated Condominiums in the State of Nayarit,
Part 1 Formation of the Condominium
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August 7, 2004 |
| The state of Nayarit has seen an enormous increase in condominium development in the past 5 years.
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Personal Experience in Real Estate, Part 2 |
August 1, 2004 |
| The opinions are my personal ones based on experiences with my clients.
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Personal Experience in Real Estate, Part 1
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July 1, 2004 |
| The opinions are my personal ones based on experiences with my clients.
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Questions and Answers about Local AMPI Real Estate Practices, Part 2 |
June 15, 2004 |
| What does the AMPI Code of Ethics say about loyalty of a real estate professional to his local organization and his colleagues?
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Cultural Shock |
June 1, 2004 |
| Some experience, many times a very simple one, can throw you into alienation, confusion, or surprise from encountering unfamiliar surroundings.
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The Changing Landscape
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May 15, 2004 |
| Sales activity in the Bay of Banderas for the first three months of 2004 has remained strong.
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Questions and Answers about Local AMPI Real Estate Practices, Part 1 |
May 1, 2004 |
| AMPI is a national Mexican Association of Real Estate Professionals.
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Marketing of Real Estate
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April 1, 2004 |
| The previous article described an exclusive listing agreement between buyer and seller for the purpose of marketing and selling real estate.
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Last year was active for sales in our real estate community.
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March 1, 2004 |
| 2003 was an active year for sales in our real estate community. Sales volume reported, not including developer's figures, was in access $31,000,000 US.
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Current Real Estate Inventory within the Bay of Banderas
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January 17, 2004 |
| Now, smaller developers are being given the opportunity to create a diversity of residential and commercial projects./span>
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Yearly Condominium Meetings
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January 3, 2004 |
| These meetings, both general and extraordinary, are very important to the successful operation of the building.
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More Questions about Real Estate in Mexico |
December 27, 2003 |
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Buying Real Estate in Mexico |
December 13, 2003 |
| Costs associated with a purchase: In the restricted zone, a buyer holds the property within a fideicomiso, which requires payment for a permit from the federal government.
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Some answers to frequently asked questions about the purchase and sale of real estate in Mexico. |
December 6, 2003 |
| The Mexican Constitution regulates ownership of land within a zone 100 kilometers along a state border or 50 kilometers along the coast line.
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Check list of things to understand before you buy real estate in Mexico. |
November 29, 2003 |
| You need to ask questions and think through what you are going to do before you take the plunge.
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"I am not an Athenian or a Greek, but a citizen of the world." Socrates
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November 15, 2003 |
| Buying Mexican real estate and living in Mexico gives you an opportunity to learn from another culture.
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Terra Firma – The Price for Land |
October 25, 2003 |
| The right of the common man to own private property is a recent event in history.
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Measuring Investment Performance
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October 18, 2003 |
| When we purchase a property that we want to enjoy for our permanent or holiday home, we don’t always consider the re-sale aspect.
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Escaping |
October 11, 2003 |
| In countries like the United States of America and Canada, life expectancy has increased dramatically.
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Globalization |
October 5, 2003 |
| In an economic sinse, is the movement by countries companies, organizations and people toward a single market environment.
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Elements of an Investment
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September 21, 2003 |
| Four elements can be evaluated when making an investment in mexican real estate
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Contrasting Two Cultures
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September 7, 2003 |
| Several years ago, I attended a local seminar, which taught the participants to become more sensitive to the differences and similarities between the cultures...
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Questions and Answers about AMPI |
August 31, 2003 |
| Do I need to have a license to sell real estate in Mexico?
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Mortages and Trust
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August 17, 2003 |
| The sale of properties between persons and companies can be of several types:
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Buying Real Estate In Mexico |
August 10, 2003 |
| A property purchase in Mexico can be just as safe and secure as in the United States or Canada
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First Half of 2003 Puerto Vallarta Real Estate Sales Report
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August 3, 2003 |
| The geographic area for this report includes portions of the state of Jalisco and Nayarit from Boca de Tomatlan/Mismaloya on the south to Rincon de Guayabitos/San Blas in the north.
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Cultural Summaries
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July 13, 2003 |
| Last week, some of the cultural characteristics of North and Latin America were discussed.
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Cross-Cultural Relationship |
July 6, 2003 |
| Recently I was privileged to attend a section of the course taught for certification to become a Certified International Property Specialist.
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“Property has its duties as well as its rights.” |
June 22, 2003 |
| Here are some guidelines for success in a real estate acquisition in Mexico:
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Puerto Vallarta Real Estate Representation
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June 15, 2003 |
| Currently in Mexico, there are no licensing requirements...
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Million Dollar Plus Properties for Sale Banderas Bay
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June 8, 2003 |
| Within the Bay of Banderas, there are private villas and a few select penthouses for sale for one million US dollars and up.
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Puerto Vallarta Real Estate Shopping
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June 1, 2003 |
| Price range $400,000US-$995,000US Vallarta and the south shore condominiums.
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Shopping Selection |
May 18, 2003 |
| If your budget to purchase a property is from $200,000US-$350,000US, let’s see what we can find.
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Shopping List
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May 11 2003 |
| If you were to have a budget of $100,000US-$150,000US to purchase a property within the bay, what could you buy?
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Languaje, Bargaining, Dignity |
May 4, 2003 |
| An owner of real estate in Mexico can better appreciate their experience.
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Value in Mexican Real Estate |
April 13, 2003 |
| It is harder to determine in a market where there is little or no information on actual sales prices.
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Timing in a Real Estate Market
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April 6, 2003 |
| Last year I wrote an article about a couple from the United States that wanted to buy a condo in Puerto Vallarta.
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“For words, like Nature, half reveal and half conceal the Soul within.”
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March 30, 2003 |
| Alfred Lord Tennyson 1809-1892
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Interdependence |
March 23, 2003 |
| The United States and Mexico share much more than a physical boundary.
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Escrow accounts in Mexico Registration of Property
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March 16, 2003 |
| In the past, the seller received a deposit and the balance of the funds directly.
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Questions from Readers
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March 9, 2003 |
| We are considering the possibilities of retiring in Mexico
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Building Lots |
March 2, 2003 |
| Building lots have been a smaller part of the real estate inventory in the Bay of Banderas until recently.
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Bank Trusts and Succession |
February 23, 2003 |
| Here are some guidelines for success in a real estate acquisition in Mexico
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Business
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February 16, 2003 |
| To effectively purchase property in Mexico.
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Question to ask
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February 9, 2003 |
| Correct answers help clarify the situation and enable you to make better decisions.
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Mexican Real Estate Representation
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January 19, 2003 |
| In Mexico, there is no requirement for persons acting as agents or brokers.
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Mexican Real Estate Purchase Contract
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January 12, 2003 |
| There are no standardized Mexican real estate contracts.
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What to do after you have purchased
real estate in Mexico - Part 2
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December 29, 2002 |
| If you are ever in the position of renting your home.
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What to do after you have purchased
real estate in Mexico - Part 1
|
December 15, 2002 |
| You may hire someone to manage your property.
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Closing Cost for buyer and seller
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December 8, 2002 |
| Closing costs for the buyer are different…
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Americans Living in Mexico
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November 24, 2002 |
| For many decades, a significant number of Americans have been moving beyond mere vacation travel and choosing to own real estate in Mexico.
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The spirit of property doubles a man's strength
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November 10, 2002 |
| The AMPI Multi-List is now reporting ten months of sales.
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The Differences in Negotiations
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November 4, 2002 |
| To North Americans, negotiations generally end when the contract is approved.
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Differences in Time
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October 21, 2002 |
| The differences in the concept of time, affect our lifestyle and our doing business in another culture..
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Mexican Bank Trusts
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October 14, 2002 |
| On a recent trip to the US, I met with a number of American real estate agents. Almost all of them wanted to better understand the Mexican bank trust, before they felt comfortable referring a client to me.
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Check this list for buying property in Puerto Vallarta
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October 7, 2002 |
| When you have found the villa, lot or condo, which you want to buy
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In all things there is a kind of law of cycles
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September 15, 2002 |
| Never forget that real estate goes in cycles. It goes up and it goes down
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The Mexican real estate market in Vallarta and the Bay |
September 9, 2002 |
| In a beautiful resort area where you have primary and second homes, the qualities that the buyer looks.
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A Second Story |
Septemeber 2, 2002 |
Herb and Kay have owned a condo in Puerto Vallarta for 15 years. They have enjoyed flying down each summer from the East, to their condo overlooking the ocean and beach south of Vallarta
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Anatomy of a Mexican Real Estate Purchase - Part 1
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August 26, 2002 |
| Mexico are not that different from other countries. The two basic rules to follow are: 1. Remember everything is based in Mexican Law. 2. Never assume .... Check and double-check. If you can't do this checking yourself, choose someone you trust who can show you evidence that the details are being followed that are critical to a successful outcome.
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Buying a lot and building
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August 19, 2002 |
| The steps in buying a lot and building a home in Mexico are not that different from other countries. The two basic rules to follow are: 1. Remember everything is based in Mexican Law. 2. Never assume .... Check and double-check. If you can't do this checking yourself, choose someone you trust who can show you evidence that the details are being followed that are critical to a successful outcome.
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Knowledge is Power |
August 12, 2002 |
| Condominiums are a large part of the Puerto Vallarta real estate inventory in the Bay. The price range is wider, so more people can afford this form of real estate. Condominium ownership can require less overseeing by the owner. Some areas of town have declared a moratorium on new buildings, while growing areas have a number of new projects to choose from. Supply differs in one area to the next. The marina and downtown have a large supply of condominiums in a wide range of prices.
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"Caveat Emptor" - Let The Buyer Beware
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July 29, 2002 |
| Mexican Real estate Tax Reforms in 2002 have made it clear that Mexican citizens claiming residency of a real estate property do not have to pay capital gains. Foreigners, who own through a fideicomiso, do not have this automatic benefit from the new Mexican law. Non-Mexicans will have to abide by the notary's criteria for documentation of exemption from capital gains tax. Land without a dwelling on it cannot be declared a residence. Mexicans and foreigners alike can find that they have taxes due upon sale of land.
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Foreign Ownership in Vallarta
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July 22, 2002 |
| In 2001, the AMPI (Association of Real Estate Professionals) chapter of Vallarta commissioned a survey to be conducted by a local marketing company. The purpose of this report was to determine more about foreign ownership in Vallarta.
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The Purchase of Mexican Real Estate
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July 15, 2002 |
| Foreigners (non-Mexican) are able to purchase real estate in Mexico. They may directly own rural or urban land in the interior of Mexico with certain limitations on specific agricultural tracts. In the restricted protected zone, a Trust Deed is used. These protected areas include100 kilometers along all natural borders, 50 kilometers along coastlines, and all of Baja California. Banderas Bay is primarily in the restricted zone.
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The international community
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July 8, 2002 |
| Since September of last year, the citizens of the United States become more aware of the importance of being a part of the international community. Our neighbor to the south, Mexico, has continued to support us during these serious times. Mexico has given to many Americans a respite from the sorrow and loss.
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Buyer Representation
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July 1, 2002 |
| Buying property in Mexico involves many steps, not only finding the right villa or condo in the right area and at the right price, but also complying with a system of property ownership quite different from what is usual in one's home country.
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