Formerly the PV Mirror - a weekly; Meet Vallarta Mirror - the daily

Real Estate Closings in Mexico

A real estate closing coordinator organizes all aspects of the final stages of a real estate transaction. Often, they are an attorney, and their purpose is to prepare closing documents to facilitate a smooth transaction between buyer and seller. In the Bay, the coordinator obtains the no-lien certificate, tax...

Ownership Responsibilities in Mexican Real Estate

After working here for several years, I have realized that two of the biggest hurdles for buyers from the USA and Canada are learning how to belong to a condominium HOA and how a trust differs from a will.    Suggestions regarding HOA ownership: Do some homework. Jalisco and Nayarit have...

A Gift to Elizabeth Taylor

Richard Burton is said to have purchased a home in Puerto Vallarta for his new love, Elizabeth Taylor, for the equivalent of 57,000 USD in 1964. This event was not remarkable, but it quietly sparked increased interest in Puerto Vallarta, a small fishing village in one of the largest bays...

How Were Sales for 2023 in the Bay of Banderas?

Condominiums Total sold new and resale were a value of USD 431,248,048. This was 73% of sales volume for 2022 with average sales price per condo up 17% higher to USD 415,8621. Houses Total sold new and resale were a value of USD 155,595,848. This was also 73% of sales...

Updated: Purchasing Mexican Real Estate

Foreigners (non-Mexican) can purchase real estate in Mexico. They may directly own rural or urban land in the interior of Mexico with certain limitations on specific agricultural tracts. In the restricted protected zone, a Trust Deed is used. These protected areas include 100 kilometers along all-natural borders, 50 kilometers...

Condo Laws in Jalisco Are Some of the Best in Mexico

We now have many new condos, and more are being built. The demand continues as foreigners look for ways to have a primary or second home on a beach in North America. Never has it been more important to know the laws on condominium ownership. Please learn the ones...

You, the Buyer; You, the Seller (Part One)

With the current world situation, ethics are needed more than ever before. AMPI Real Estate Ethical Practices What does the AMPI (the National Association of Real Estate Professionals) Code of Ethics say about the loyalty and obligation of a real estate professional to his local organization and his colleagues? The real...

Real Estate Sales from Puerto Vallarta

In this report, we see the sold activity from January 1 - December 10, 2023. Condos, Homes, Land Jalisco With 1,795 Active Condos for Sale, with 642 Under Contract Pending to Close. Sold through December 10 are 578 units. Sales volume is USD 244,493,768, with an average sales price of $423,000,...

Money Laundering

The other night, I was at dinner with clients, now friends, after several years of buying property in Puerto Vallarta. The subject came up of money laundering. How much laundering is in the world right now. Here is some information from my research about this pervasive worldwide practice. There...

VIDEO: Tour Lo de Marcos with Derek Carkner

Derek Carkner of Donner and Associates provides a brief tour of Lo de Marcos, a neighborhood about 45 minutes north of the Puerto Vallarta. This fishing village of 2,500 people balloons to 3,500 in the winter.

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