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

2020 Real Estate Sales

Bay of Banderas Market Report 2020

We had an incredible 2020 compared to many markets in the world. We know all of North American real estate has been active: buying and selling with, for the moment, healthy demand and supply. We still do not know what the underlying world-wide economics are suffering as a result of lockdown from the coronavirus.

We will begin to see more clearly in 2021 how much damage and how much positive economic or lifestyle changes are the current ¨norm¨.

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Owning Real Estate in a Foreign Country

Becoming an Expat in Mexico

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.

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Real Estate in Puerto Vallarta

Do You Really Know Your Real Estate Agent?

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, nationals and foreigners should be registered to do business and 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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The Mexico Real Estate Market

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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