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

Things You May Not Know . . .

Facts & Stats – Mexico and North America

Did you know? Here’s a few interesting facts and statistics about Mexican real estate, Mexican law, Mexican beaches, and more . . . Your fideicomiso or trust does not need to be probated (contested) if you have named secondary beneficiaries. The 50-year trust, renewable, is held by one of the Mexican banks in their trust department. These trusts are ways for foreigners to own in the restricted zone. The bank trustee grants the primary beneficiaries the right to own, rent, sell, remodel or leave to heirs, the property in the trust.

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Mexican Real Estate Transactions

Who Does the Notary Represent?

Who are the members of the team required to transfer property in Mexico? The team in Mexico can include: the real estate agents, notary, attorneys for buyer and seller, transaction coordinator, escrow company. When needed, specialists such as land surveyors, structural engineers, and tradesman such as plumbers and electricians can inspect the property. With foreigners who need a trust, and nationals who choose to put their property into one, the additional team member is the bank administrator of the trust.

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Colombia an Option for Expats

Areas to consider for living in Medellin neighborhoods

From the city center in the valley, neighborhoods extend up the mountainsides, where residents enjoy cooler daytime temperatures with beautiful city and mountain views. Most expats and tourists prefer the city’s high-rise apartments and condominiums in fashionable neighborhoods such as El Poblado, Parque Lleras, Envigado and Laureles.

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A Remarkable Study in Contrasts

What about Columbia for Part-time or Full-time Living?

Recently, I had the good fortune to tour towns and areas in Colombia. It was safe for travel, as are many places now, and there are areas that are fine and areas that aren’t. But overall, Colombia is a traveler-friendly destination and very safe for foreigners. Colombia is a country in the extreme north of South America. Its landscape has tropical forests, the Andes mountains and several coffee plantations. In Bogotá, the high-rise capital in the Zona Rosa district is famous for its restaurants and shops. 

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