More Mortgages and Now Equity Loans

It took a long time for Canada and the USA to share credit histories with their North American partner, Mexico.  American banks have come into Mexico previously trying to build market share by offering mortgages. This is not a simple thing when the mortgage must be inside a foreigner's trust....

Trusts in the Restricted Zone

The opportunity for foreigners to enjoy the beautiful ocean and beaches in Mexico allowed this country to benefit in a big way. In the 1970s and 80s, Mexican leaders were looking to acquire more foreign direct investment to pay for infrastructure and economic development in the country.  One way...

Puerto Vallarta Real Estate Sales in 2024

In a nutshell, as of June 16, 2024, MLS Flex shows reported sales that we are down 30% in units sold from 2023, down in sales volume by 16 %.  The average sales price per condo is up by 20%. These are not bad numbers for the year so...

Five Things to Remember When Buying Mexican Real Estate

Use an attorney. Not all agents are educated or experienced enough to take the place of an attorney for you. I recommend one who is bilingual and bi-cultural. A client needs to be told what is happening here and how it is different from what he is expecting. Many...

The Notary, Closing Coordinator, and Real Estate Attorney

In Spanish-speaking countries, notaries are highly trained attorneys who provide legal advice and draft legal documents. In Mexico, a Public Notary is an experienced attorney appointed exclusively by the state governor. His or her role is to sign and authenticate documents and provide legal advice as necessary. If you...

First Right of Refusal

What is a first right of refusal in a lease or a purchase of real estate? This law is applicable in Jalisco.  The legal code addressing this right applies to different kinds of businesses. We know it applies to leases and offers to buy and sell real estate properties in Jalisco....

Subjects Worth Knowing

Several topics came up this week in different situations. They are important and part of the foundation of real estate knowledge and ethics, which helps us navigate the twists and turns of maintaining standards and practices and doing the best job for our clients. Exclusive Listing instead of Open Listing Exclusive indicates that the property...

Condos in the Bay for Sale

Let's look at the number of condos for sale in our MLS FBS inventory in the Bay of Banderas – Nayarit and Jalisco Active As of today, there are 1,606 active condos for sale. I am looking at some of the main features buyers ask for. Pet Friendly: 1,541 are...

Using Escrow in México

We recently had an unfortunate situation in which an 'escrow company' failed to send purchase funds to the seller, took all the money, and left the country. How could this have happened? Escrow is a third person holding funds for others in a transaction to buy and sell. The...

Cats, Dogs, Renters – Condominium Life in Vallarta

Two of the most often asked questions from buyers looking to buy a condominium are about animals and people: pets and renters. You should think about these topics and the building size you could be living in or renting out.   Large condos have to act as policemen and even try...

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