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

Condominium Ownership in Mexico

9 Tips for Successful Condo Living

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 a joint asset. There are differences in how people respond to owning and sharing the responsibility of joint ownership. The value of your condominium is affected by not only its physical attributes, but by the stability and maturity of your condominium association.

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Buying a Condo in Mexico

Two Key Issues for Condominium Owners

After 20 years of attending condominium meetings in Jalisco, I have learned that certain core issues cause most of the ongoing problems. These problems persist from lack of understanding (education) and lack of communication. Issue of Private and Common Areas – Yes, the condo regime, bylaws, rules, regs, and escritura (trust deeds) are in Spanish. It is still vital to understand the most important clauses or definitions contained within these documents. 

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What do Condo Owners Need to Know?

Condo Law in Jalisco, Mexico

Condominiums are a large part of the real estate inventory in the Bay. The price range is wider, so more people can afford this form of real estate. Condominium ownership can require less oversite by the owner. 

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Before Buying Real Estate in Mexico

Do Your Due Diligence

Just Do It! 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, and your responsibility is to require it before becoming committed to sending money or being bound by a contract.

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