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

Digital Nomads and Real Estate

More Millennials Choosing the Bay of Banderas

Generation Y or the Millennials are persons born in the 1980s and 1999. They are estimated to be 70 million strong. Age is typically 20 years old to 38 years. Who are they and what are some of the characteristics that define this generation? Seeking a Greater Work / Life Balance – **Millennials are individualistic, innovative, creative, revel in diversity, multi-taskers, and go by their own rules. Millennials rely on their intuitive sense to understand technology from the environment in which they have grown up.

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Buying Property in Mexico

Why is Fair Market Value Important?

Those of us living in Mexico from other parts of North America probably take the concept of fair market value for granted.  We assume that this measure of value is used in other markets and other countries. Actually, it is not common outside of the USA or Canada to have sold market data.  In order to have information about sales prices and to adjust for differences in properties, data must be available. 

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When Pricing Moves Away From Fundamentals

Behavioral Biases in Real Estate Markets

One of the most interesting asset classes where we see the very pronounced influence of behavioral biases is in real estate. Why is real estate such a ripe area for behavioral biases? 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.

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Buying or Selling Property in Mexico

Utilities and Real Estate Closings

Buying and selling real estate in Mexico is similar to the closing process in Europe and South American countries: A notary (specialized attorney appointed for life) is empowered to transfer real estate. Using a notary for closing is different from US and Canadian transactions. The notary in most of the world is the highly trained and paid professional we use here in Mexico. Notary public in our experience is not by any means the same profession even though the names are the same.

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