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

What is Your Home Really Worth?

The 3 Immutable Laws of Real Estate

These are the basic rules of buying and selling real estate anywhere in the world:

First Law of Real Estate: It doesn’t matter what your neighbors home sold for in the past. And it doesn’t matter what your own home was worth in the past. Primary or second home prices are dynamic, as they rise and fall, and change daily, seemingly on a whim. What a home was worth five years ago, last month or yesterday has no bearing on what it is worth today. You did not sell your home two years ago when you could have gotten twice what you’ll get today, so getting upset about what it sells for today simply is a waste of energy.

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The Truth Bearers

Role of the Notary Throughout History

Notary publics date back to ancient Roman times when few people were taught to read and write. A notarius was appointed as a public official to create written documents of agreement or wills and to hold them for safekeeping. There are three major and different notarial systems each associated with a different kind of Notary:

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Colombian Residency & Foreign Buyers

Steps for Buying Real Estate in Colombia

There are no restrictions on foreigners buying property in Colombia. Real estate transactions are handled by a notary, and an attorney of the buyers’ choice should write the offer. Foreigners buying Colombia real estate can qualify for a Colombian residency visa as well. There are a couple important points to remember when buying real estate in Colombia as a foreigner. The Colombian marketplace is not over-leveraged. Deals are done in cash and there is no substantial discount for paying in cash, if any.

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Puerto Vallarta Real Estate Basics

Before You Buy or Sell Property in Mexico

Buyer or Seller Beware. There is no compulsory licensing in Mexico of real estate agents.   AMPI, which is the Mexican association of real estate professionals, is the closest organization to the National Association of Realtors and the Canadian counterpart.  Members of AMPI work to regulate and elevate their degree of professionalism in the practice of real estate in Mexico. They have education and a code of ethics.    

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