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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 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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Decisions Affecting Mexican Real Estate

Mexican Real Estate & Anti-Money Laundering Laws

Money laundering is considered to be the crime of  ‘operations with resources from illegal origins’ under article 400-bis of the Federal Criminal Code. The money laundering offence is also complemented by the Federal Law Against Organized Crime, which provides higher criminal sanctions for money laundering offenders considered to be members of a criminal organization, and the Federal Criminal Procedures Code, which considers the money laundering offence to be a serious offence and thus limits the ability of any defendant to obtain release prior to conviction.

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