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

Pros and Cons

Buying New Construction or Resale

Buying a Resale. This is the most straightforward way to buy a condo. Advantages include: You can see what you’re buying. You don’t have to imagine how it will look from a floor plan. There is no wait. You get to move in as soon as you close.

CONTINUE READING

What is the Fideicomiso?

Foreign Ownership in Mexico

A client who recently bought a condo in Puerto Vallarta, called and said, “Please write a summary of the basic points of foreign ownership: so that not only I can speak about it better, but to teach or remind other foreigners what a unique opportunity we have to own properties near the ocean in Mexico”.

CONTINUE READING

How to make the best of a new experience

How to Survive and Learn to Enjoy Condominium Ownership

For most of you who have owned single-family homes, buying a condominium is a new experience.  This type of ownership gives all owners the opportunity to influence core decisions and procedures in managing their joint asset. Recently a wise man told me that most professionals who had worked all their lives and followed a career path intensely, wanted to relax and not treat their retirement or second home as a “business.” 

CONTINUE READING

Mexican Condominium Laws

The ABCs of the Condo Homeowners Meetings in Mexico

If you own a condo, you should know that the condo homeowners meetings in Mexico are the top authority for the running of the building. Meetings are both ordinary and extraordinary, with at least one ordinary meeting held each year within the first three months of the year. I’ll also cover the rules that govern maintenance fees today. Here are the ABCs of what you should know:

CONTINUE READING
1 2 3 4