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

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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Buying a Condo in Puerto Vallarta, Mexico

Resale or Pre-Construction Real Estate Purchase – Pros and Cons

Are you planning to buy property in Puerto Vallarta? Condos are the most popular choice for foreign buyers and there is a wide choice of both resale and pre-construction condo developments throughout the Bay area from the South Shore to Nayarit. So how to choose? Here’s a list of pros and cons for each option:

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Before You Buy Your Dream Home in Mexico

Do Your Due Diligence!

You have found the dream property, and you want to make an offer. Everyone involved is very friendly and seems very nice. You trust your new friends, and assume you have protections in place to prevent you from having problems with the purchase. Due Diligence is Necessary! Your responsibility is to require it before becoming committed to sending money or being bound by a contract. You need a professional agent and competent attorney to help you conduct due diligence, whether you are buying resale or new construction.

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Beware the Coyotes

Before You Choose Your Real Estate Agent

We make choices every day. They need to be informed ones.  President Kennedy said: “We choose to stay with the comfort of opinion rather than the discomfort of thought.” 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, working nationals and foreigners should all be registered as doing a business and should 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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