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Everything you need to know about buying and selling real estate in Mexico, Puerto Vallarta, and the Banderas Bay region

Civil Law Systems in Mexico

So goes the law, so goes the practice of Real Estate

Mexican Civil Law is not the Same as English Common Law. This makes a difference to you as a buyer or seller. Civil Law and Common Law – Legal systems around the world vary greatly, but they usually follow civil law or common law.In common law, past legal precedents or judicial rulings are used to decide cases. Under civil law, codified statutes and ordinances rule.

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Weaker Pesos Attracts More Tourists

More Rental Inventory in Puerto Vallarta?

The weaker peso is attracting more visitors. They are enjoying our temperate weather and lower prices for food and lodging. The increased ¨snow bird¨ population is putting pressure on restaurants and hotels to hire more staff. In some cases, these businesses are offering higher wages for the next 3-4 months to entice dental and medical assistants and other young workers away from their jobs. If we have more than 500 new condos being built in Zona Romantica, the concern about demand is still on the table. 

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Complete your due diligence first

What should buyers know about real estate escrow and deposits?

If you have found a property, and you want to make an offer, I recommend the following: Your offer should include time for you to conduct due diligence, an inspection, or other concerns.  Beware of your having to put your deposit into the escrow company before these issues are resolved.

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