fbpx

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

Beware the Coyotes

Before You Choose Your Real Estate Agent

We make choices every day. They need to be informed ones.  President Kennedy said: “We choose to stay with the comfort of opinion rather than the discomfort of thought.” 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, working nationals and foreigners should all be registered as doing a business and should 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.

CONTINUE READING

Steps to Take & Documentation to Keep

Ready to Sell Your Home in Mexico?

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 get to you or to the person who pays them, but this mistake 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. Your paperwork trail needs to satisfy the notary. He has to have everything he needs to not only establish a clear picture of you as the owner, but he has to have a documented history of your utility use in the property. Your utility bills must match your legal address in your deed.  Everything has to match!

CONTINUE READING