Puerto Vallarta Real Estate
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Casa La Villita, Puerto Vallarta
Conchas Chinas Beach, Puerto Vallarta
Casa La Vista, Puerto Vallarta

Our Experience in Real Estate for over 35 years is put to use for you.

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.

A "Buyer's Representative" or "Buyer's Agent" is available to help you find the right property and negotiate the best price and terms. Our Puerto Vallarta real estate articles page provides valuable information on buying and selling Puerto Vallarta real estate. Our commitment is to provide you with a professional, care-free purchase or rental experience.

Please visit our Luxury Rental pages for your vacation accommodations. All of our Puerto Vallarta vacation rentals will provide you with more comfort and privacy, and a better per person value, than standard hotels. We can provide you with a one-bedroom condo on the beach, or a fully staffed private Puerto Vallarta villa with pool and tennis court. Let us help find that special retreat.

Please use our property links, villas, condos or developments to browse our exclusive Puerto Vallarta villas, homes, condos and developments for sale in and around Puerto Vallarta.

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"A deep recession in the United States has sent the Mexican economy into a punishing downturn
but there are signs of a recovery on both sides of the border."

Reuters.com financing website
 

real estate articles...

 

"I have written several articles with the purpose of educating those looking to buy or sell Puerto Vallarta real estate. The following is a sample of these articles.
Please visit our articles archive for more related information."
Harriet Murray

How Will Mexico Recover in 2010?

Februaryr 1, 2010
real estate vallarta
John Naisbitt* writes about seeing the future as a picture puzzle. He believes you see the future finding connections between things that don’t seem to fit, things which are not obviously related, and things which sometimes seem to contradict a pattern.
 
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La Playa de Arizona - Punta del Burro

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Retirees Flock to Mexico for the Sun and the Health Care

mexico health care

Thousands of Americans are increasingly traveling to resort towns like Puerto Vallarta, not for vacation, but for the cheap health care. In many cases, reports Ray Suarez on PBS, for care they couldn't afford in the United States.
A segment filmed on November 20 in Puerto Vallarta (including coverage of a Town Hall Meeting on Medicare in Mexico) aired December 28, 2009 on PBS "The News Hour with Jim Lehrer."

Check out the segment online


 

Real Estate in the Age of Terrorism
By Harriet Cochran Murray

Banderas Bay

There are agencies in most countries which oversee and develop guidelines for dealing with the international problem of money laundering and funding for terrorism. The letters ML/FT are the international abbreviations for this subject.

The International Consortium of Real Estate Associations (ICREA), of which Mexico is a member, works on behalf of the global real estate industry to help each country evaluate its own particular customs and to help it take action appropriate for its own market.

Real estate brokers and agents worldwide need to be aware of laws and regulations designed to fight money laundering and terrorist financing (ML/FT). Professionals in real estate are reminded of their responsibility to be alert to suspicious activity related to any real estate transaction.

There are many parties to a real estate transaction including agents, attorneys, escrow companies, notaries, title companies in addition to the buyer and seller. Each party has a different relationship with the principals to the transaction. Professional interaction with the parties includes gathering of personal or company information, receipt and disbursement of funds and the recording of the transaction.

Each participant to the transaction should review their role in the process and determine how they might contribute to the important task of educating themselves about ML/TF red flags and practices to handle a situation when it occurs.

A list of red flags found to involve real estate in illegal financing schemes includes:

  1. Use of wire transfers. Mexico has very strict regulations on its banks and cash changing houses (casa de bolsa) wiring funds from or to unknown sources or persons.
    Additionally, the use of escrow in this market through US title companies has been very instrumental in screening illegal financing schemes in the purchase of real estate properties.
  2. Transactions in which parties involved do not show a particular interest in the condition or location, or other characteristics of the property. These buyers do not seem interested in obtaining a better price or payment terms. They show a strong interest in completing the transaction quickly, without there being good cause. These buyers show considerable interest in transactions related to buildings in particular areas, without caring about the price they have to pay.
  3. Transactions performed through intermediaries.
  4. Transactions of the same property in quick succession with a significant increase or decrease in the price compared with the original purchase price.
  5. Transactions entered into at a value significantly different from the real value of property or from market values.
  6. Transactions carried out on behalf of minors, incapacitated persons or others who appear to lack the economic capacity to make such a purchase.
In Mexico real estate agents, notaries, other attorneys and accountants are identified as DNFBP (Designated Non Financial Business and Professional Persons) who are part of group with legal requirements to avoid engaging, innocently or deliberately, in any ML/FT schemes.

Notaries in Mexico are required to report to Hacienda (Mexican IRS) all purchases of real estate, regardless of type of payment.

This article is based upon legal opinions, current practices and my personal experiences in the Puerto Vallarta-Bahia de Banderas areas. I recommend that each potential buyer or seller of Mexican real estate conduct his own due diligence and review.

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