
Owning property in Mexico is not as difficult as you may think.
When you are not sure what to ask, dont worry, our experience will guide you through what you need to know! We get lot's of inquiries daily for such questions like:
"Can foreigners own property in Mexico?" - Yes. In the interior of the country, foreigners can own real estate
(whether lots, land, houses or condos) in fee simple, just like a Mexican. Along the borders and coasts, foreigners receive a special trust deed called a fideicomiso. A Mexican bank is designated as trustee, and the foreign buyer is the Beneficiary. The buyer has complete use and control of the property. Essentially, as a practical matter, it's as if you own the property in fee simple (freehold).
"Is financing available?" - Yes. More and more US lenders are active in Mexico and the Puerto Vallarta real estate market. Terms and rates are competitive with "second home" rates in the US, and are getting even better as more underwriters come into the market. Loans are now available to Canadian buyers as well.
"What are local taxes like?" - Taxes are stunningly low. On a million dollar (USD) home you will pay less than $400 USD a year in property taxes. You must pay these very low taxes, because you have the same rights as any owner in Mexico and, it follows, the same obligations as any owner in Mexico.
For more in depth questions, please view our article contributed to this site for more frequently asked questions.
- There are many excellent choices when purchasing into a Development - You should be extremely cautious about contracting for developer-financed property. It can work well, but you must have an experienced local realtor guide you. Developers vary widely in their skill, integrity, and solvency. Only a local realtor will know the local landscape and players well enough to help you avoid problems.
- The realtor/broker you select to represent you should be at a minimum an A.M.P.I. member. A.M.P.I. is a professional association of Mexican realtors, with standards of admittance based on experience, ethics, and knowledge.
Some of our quality listings:
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Casa Pez Vela, Zona Dorada, Bucerias!
This wonderful, dramatic home has truly amazing potential. With a little updating and care, it can be a showplace!
Available for just $275,000 USD furnished or unfurnished! This may well be the best buy in Bucerias or the entire bay area!!! Owner is motivated!!
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Condo Robins, A Premier Paradise Village Beachfront Property!
FIRE SALE PRICE!!! $799,000!!!! Motivated Owner, Make offer!
Stunning three bedroom, three bath (with office) corner unit right on the ocean. One of the finest oceanfront properties in all Paradise Village.
Over 3,000 sq. feet. So spacious and inviting, yet so dramatic. Feels more like a hacienda than a condo. Paradise Village. Social Membership included!!
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Casa Lorene, canal home, Nuevo Vallarta section 2!! Immaculate,
extraordinary home. REDUCED! $ 649,000 USD
A stylish, immaculate home, on a quiet, shaded street. Note the inviting stone gate, and the cupola dome over the entry. (Cupola interior below.) 3,228 sq. feet of construction. Dramatic interior entry capped by beautiful brickwork in the cupola! The large lot (781 sq. meters-approx 8,000 sq.feet), has ample room for the good-sized pool and exquisite gardens. The landscaping, like the house, is impeccable, thoughtful, and creative
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For more listings, please view our website www.rfasoc.com or email us info@rfasoc.com - we would be delighted to answer any of your questions about owning your next home in Mexico!
Pictures below are from Condos Francisco Madero. This Exquisite 2 bedroom 2 bath condos, in a private, intimate fourplex, on a quiet street in the best area of Bucerias Zona Dorada. Just 2 blocks to the beach. Huge terraces, beautiful pool, deeded parking and storage. This is a very high quality building, with lovely, livable condos, for discriminating buyers.
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Jaylynn from BDhSrBFpBaPI - August 10, 2011
I love raendig these articles because they're short but informative.
Wendy from Kanata, ONT - November 10, 2009
I've seen some articles in the local PV papers by Robert Foster, so they really know the market down here. Just wish I had the money to buy :)