Insist on a comparative market analysis of the “solds” and a list of the competition on the market for any villa or condo you are considering buying. Don’t take no for an answer.
Although it is true that historically there has been a history of not recording true sales prices in the Mexican public registry, this doesn’t have to continue, and it is illegal. You, as a buyer have the right to information before you spend your money. Information of sold data: price, sell date, area, and if there is a mortgage, is important. Traditionally, seller financing commands a higher sales price. Some agencies do not show any properties for sale but their own.
Hi, 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.
If you are living here in Mexico for several months or longer, you will most likely experience at some point a degree of culture shock. Many times, a very simple experience or interchange with a national, can throw you into alienation, confusion, or surprise from encountering unfamiliar surroundings. This is a normal reaction. You can overcome the feeling by practicing patience and keeping a sense of humor. You will find that getting enough rest and physically adjusting to the climate goes a long way in your mental attitude in adapting to a different culture and your ability to cope.
Ejido: Farming land owned by a legal entity, or group called the Ejido. Collective land that can now be privatized. Foreigners cannot acquire rights to Ejido property. Through a proper process, the Ejido can sell to a Mexican individual. The Mexican can then sell to a foreigner.
FM3: Foreign Immigration Visa for Foreigners. Issued for retirement or work purposes to non- Mexicans. Persons with FM3’s can stay within Mexico longer than the tourist visa permits. This document establishes residency and is renewable every year.