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

Mexico Resort Real Estate Update

AMPI’s Seventh Symposium – Centros Historicos is Big Success

The following news is shared with us by the Settlement Company© of Los Cabos. For the seventh year in a row, The Mexican Association of Real Estate Professionals (AMPI) organized and presented a Symposium on the historic centers of Mexico. The purpose of these events is to focus on the renewing and modernizing of Mexico’s major urban areas. This year’s Symposium was held in Mexico City (CDMX) at the historic Palacio de Mineria (Mining Palace.) More than 300 attended the two-day event. The opening reception was at the Plaza Garibaldi (a.k.a. “The Home of the Mariachis.”) in the tequila museum. There are about 15 restaurants at the plaza and mariachi groups were performing in many of them FederalGovernment officials were at the conference along with civic officials from several Mexican cities. Two sessions were especially popular and informative. The first was a panel that presented case histories of the restoration and modernization of their municipalities.  

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Steps to Take & Documentation to Keep

Ready to Sell Your Home in Mexico?

You have discovered that your address or name in the deed does not match what is on your phone or electric bill. Yes, the bills get to you or to the person who pays them, but this mistake can be a problem when you decide to sell. The system we usually follow before we decide to sell doesn’t have the checks and balances it should. Your paperwork trail needs to satisfy the notary. He has to have everything he needs to not only establish a clear picture of you as the owner, but he has to have a documented history of your utility use in the property. Your utility bills must match your legal address in your deed.  Everything has to match!

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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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