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. A notary public in our experience is not by any means the same profession; even though the names are the same.
CONTINUE READING
Vallarta Rentals
Viewpoint Blog Home > Latest Posts
Buying Property in Mexico
Accuracy of Market Data in Order to Have Fair Market ValueThose of us living in Mexico who are 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 needs to be available. If we start out with the objective to have fair market value, where, do we as consumers normally go? There are no websites as in Canada and the USA such as Zillow and Trulia offering a large number of properties for sale as well as average sales prices by areas.
CONTINUE READING
New Guidelines for Real Estate Agents
Evolution of the Property Market in Mexico“Our real estate market has new challenges. The idea of working as an agent to sell property is easy and does not require any formal training or employment by any company, is now behind us. Today the Mexican market has its own rules. The real estate professional cannot improvise these rules, but instead, he must stay up to date with the changes in order to offer a higher quality of service. Clients are becoming better educated. They are ready to ask many questions and can no longer be easily fooled.”
CONTINUE READING
Property is An Emotive Asset
The Irrational Side of Real EstateReal estate is a highly emotive asset in most cultures. ‘Irrational exuberance’ in property markets can cause prices to move away from fundamentals. Buyers move away from markets when negative press reports are released. The truth or vetting of what happened, is not necessary. Unfortunately, emotional reactions trump logic. Real estate markets suffer from a greater degree of misinformation than stock markets. In real estate, no two assets are the same.
CONTINUE READINGBecause Expertise, Experience & Integrity Matters
Contact us today to get started
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
