fbpx

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

Buying or Selling in US vs MXN

New Techniques for Selling Real Estate in Puerto Vallarta

The current combination of health and economic issues has affected all real estate markets. Here, we have the advantage of selling real estate within two currencies. Pricing in US dollars is prevalent only in Mexico when these foreigner buyers are strongly interested in selected locations.  Mexican beach areas have historically attracted not only locals as renters and buyers, but also American and Canadian citizens. When more foreign buyers are in one of these markets, the trend has been to accommodate them by pricing the real estate in their currency.

CONTINUE READING

Slow and Steady is the Way Forward

Puerto Vallarta Real Estate

We are in a stand-still now, waiting to end the lock-down until the virus health issues are resolved or stabilized. The Mexican federal and state governments are enforcing certain restrictions, such as staying at home for all who do not have critical businesses. Mexico is not the only country with the problem, so this is very different from how our market in Mexico was affected during the US Housing crisis of 2008. We had little demand for 5 years, and began to recover when new product was built, which attracted a different demographic from our prior client base. 

CONTINUE READING

Global Real Estate Changes and

Puerto Vallarta Real Estate Outlook 2020

We are experiencing a change in our lives through-out the globe. Those who have lived through wars or economic upheavals, have been in this situation before. Now we all are dealing with the world condition. For us to survive in the real estate market, we have to endure the current uncertainty and help the recovery.

CONTINUE READING

Puerto Vallarta Real Estate Basics

Before You Buy or Sell Property in Mexico

Buyer or Seller Beware. There is no compulsory licensing in Mexico of real estate agents.   AMPI, which is the Mexican association of real estate professionals, is the closest organization to the National Association of Realtors and the Canadian counterpart.  Members of AMPI work to regulate and elevate their degree of professionalism in the practice of real estate in Mexico. They have education and a code of ethics.    

CONTINUE READING