In response to the economic crisis of 1994 (Tequila Crisis), with rampant debt and high inflation, the Bank of Mexico introduced the UDI in 1995.
My interest in UDIs (Unidad de Inversión or Investment Unit) came up when I searched for more information to explain to clients planning to sell...
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....
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...
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...
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...
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...
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....
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...
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...
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...
