Mexican Civil Law is not the Same as English Common Law. This makes a difference to you as a buyer or seller. Legal systems around the world vary greatly, but they usually follow civil law or common law. In common law countries, case law is in a form of published judicial opinions and is of primary importance; whereas in civil law systems, codified statutes predominate.
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Vallarta Rentals
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Owning Real Estate in a Foreign Country
Becoming an Expat in MexicoHi, I am Harriet Murray from Puerto Vallarta, Jalisco, México. PV has been my home for 23 years. It was not a planned stay….. I had come to Vallarta for a week in September for almost 10 years before the fateful extra trip in 1996. It occurred to me this time, since I was alone and not distracted by other friends, what would happen if I decided to stay and live, for the first time in my life, outside the USA. My friends thought I was either crazy, or I would change my mind and not stay any longer than a few more weeks.
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Real Estate in Puerto Vallarta
Do You Really Know Your Real Estate Agent?A recent discussion with a seller made me realize she needed to become aware of misunderstandings which could happen by her not understanding Mexican immigration and tax requirements. In this local real estate market, nationals and foreigners should be registered to do business and pay taxes to Hacienda or the Mexican IRS. However, there are people who choose not to be registered and illegally earn income they do not report.
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Behavioral Bias in Real Estate
Are Your Emotions Costing You Money?One of the most interesting asset classes where we see pronounced influence of behavioral biases is in real estate. Real estate is a highly emotive asset in most cultures. This can help explain phases of ‘irrational exuberance’ in property markets where prices move away from fundamentals. Real estate markets suffer from a greater degree of incomplete information. No two assets are the same, and there is often no central exchange. Sellers tend to know more about assets than buyers, a fact that real estate intermediaries can exploit. The quality of, and access to, information is poorer than in stock markets.
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Harriet Murray
Owner / Agent
Email: harriet@casasandvillas.com
USA/Canada: +1 (504) 298-6730
Puerto Vallarta: +52 (322) 223-4027
Puerto Vallarta Cel: +52 (322) 205-7550
