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

An Economist's Viewpoint

Real Estate Markets & the Need for Housing

Properties are built, bought and sold in a cycle which can be at different times stagnant or vibrant; transparent or murky; beneficial or shoddy and dangerous. The key to the existence and flourishing of the free market is a society in which the rights and titles of private property are respected, defended, and kept secure. Private property thrives in open, ethical markets. Free markets do not mean lack of controls. When there is reason or ethics to contain greed, more members of a society benefit.

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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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What documentation do you need?

Correct Paperwork When You Decide to Sell

Electric and phone bill must match the legal description of your escritura. You have discovered that your address or name in the deed does not match what is on your phone or electric bill. Yes, the bills are paid to the person you pay to do this, but this system can be a problem when you decide to sell. The system we usually follow before we decide to sell doesn’t have the checks and balances it should.

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Tangible Assets and Currencies

PROPERTY OR MONEY?

“When you invest internationally, currency is the name of the game, all other factors become secondary. You think you’re buying real estate, stocks or businesses? Think again. Foreign Exchange fluctuations have become the number one cause of gains and losses. They have impacted every sector in every nation”. ~ Bryant Palma*, in a presentation April 17, 2018 made this statement to his audience.

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