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Vivo Resorts: Discover Mexico´s Hidden Gem

For years Puerto Escondido was virtually unknown, with only Mexican tourists and surfers aware of its status as one of the world´s premiere surf locations. Originally known as Punta Escondida (Hidden Point), there was no real town until the 1930s, just a small fishing village. Since then it´s grown in to a city of about 50,000 people and is a center for tourism on the ¨Emerald Coast¨ of Oaxaca, Mexico. Visitors from around the globe flock to Puerto Escondido to experience its sport fishing, unparalleled surfing opportunities and beautiful beaches aplenty. It´s here where you´ll find the latest Puerto Escondido real estate development in luxury condo living.

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Vivo Resorts is a gated community located 10 miles from downtown Puerto Escondido. With 75 acres of prime beachfront property it´s close enough to access the conveniences of the town yet far enough to enjoy life in a tranquil setting. It´s private villas and beachfront condos have all the amenities you would expect in a resort of this class. Each condo has a kitchen fitted with  granite counters and state-of-the-art appliances, bathrooms with travertine marble shower walls and counters, and amenities like a beachfront infinity swimming pool with swim-up bar, a second swimming pool featuring a breathtaking waterfall and a children’s water slide, a general store, shuttle service to downtown and the “Bistro 216” onsite restaurant which prepares fresh and delicious cuisine. There are four stunning finishing options available to choose from to customize your condo.

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The climate is almost perfect, with rainfall primarily in the summer months and temperatures averaging 28°C (82°F). Pristine sandy beaches and an authentic Mexican town make Puerto Escondido one of the oldest tourist attractions in the region and one of the most important sites on the Oaxacan coast. The area is attractive to scuba divers because of the variety of fish, large oysters, lobsters and manta rays offering owners and guests a wide array of lifestyle enhancing activities.

Whatever your interests, Puerto Escondido has many great markets, festivals, and local villages to explore. Vivo Resorts has plans for an expansion of the amenity services to be completed in 2017. These luxury amenities include a restaurant and lounge, multipurpose clubhouse, gymnasium, business center, kid´s club, beauty spa, BBQ pavilion, tennis courts and a sports field. Now is the time to come and discover this top class development and see why this is truly one of Mexico’s “hidden gem” destinations and somewhere that you´ll want to call home.

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Now if you have any questions about Vivo Resorts or Puerto Escondido Real Estate, please feel free to contact any of our Top Mexico Buyers’ Representatives and we will be glad to help you find your very own piece of paradise.

And remember, here at Top Mexico Real Estate

We Make It Happen!


Moving Is the Solution to High Property Taxes

It’s not uncommon to hear your neighbors, friends and family in America complain about paying high taxes on everything. Perhaps even you are complaining. When it comes to property, no one is sure about what to do anymore. But some thousands of people have hit the nail on the head and found the easy solution: moving! According to CNBC news, the states with the highest taxes also have the highest migration rates. Coincidence?

Now, this may not sound like the easiest solution, but think about it…you could be saving thousands of dollars on taxes if you simply moved to either other states with lower property taxes or even another country.

Take Mexico, for example. Property taxes in Mexico are called predial and it is collected by the state’s SAT (Service Tax Administration, for its initials in Spanish). The tax is paid annually and, if paid within the first two months of the year, a significant discount is granted. For those unable to afford the full payment, it can be split in up to six payments payed every two months.

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Compared to the property taxes in the USA, the predial is very cheap. It represents 0.1% of the assessed value of the property at the time of sale. The assessed value, however, can vary and be much lower than the real market value of the property (sometimes up to 40% of the actual price) depending on the assessor evaluating the property. This benefits your pocket when it comes to paying taxes! Some even say that taxes are so low that they are not even a source of revenue for the government of the country.

Mexico is really no different than the USA or Canada. You must pay agent fees and taxes like in any other country. But, there are certain things that will help you understand taxes in Mexico better for when you decide to buy.

Understanding Taxes

Acquisition taxes: when you purchase a property in Mexico, you must pay an acquisition tax that is approximately 2% of the cost of the property (this varies from state to state). This applies whether you are buying a new or used property, transferring, or any other form of property acquisition.

IVA (or VAT) sales tax: This is only paid on residential properties (so if you’re purchasing a commercial property you do not have to worry about it). It is liable to the current VAT rate.

Appraisal tax: Your property can undergo appraisal at random (this depends on the tax authority). If the value is greater than 10% of the property purchase, then you must pay a 20% appraisal tax on the difference between both values.

Amongst other expenses that you must consider are: notary fee, registry fee, bank trust or Mexican corporations, lawyers, foreign office permits, and others. Even once you add all the final expenses the costs are considerably lower than staying back in the United States, Canada or some other expensive countries.

And if you really need a little more convincing to move to Mexico…just think of the beautiful paradise beaches, amazing gastronomy, beautiful culture, friendly people and gorgeous architecture you will find!

Top Mexico Real Estate is an American-owned real estate company – leader in its field – based in Playa del Carmen. Catering to American and Canadian people looking to retire in paradise, we offer thousands of amazing properties throughout the country. If you are ready to leave behind that high tax country of yours, contact one of our Top Mexico Buyers’ Representatives who will gladly guide you through the process and help you become a homeowner in Mexico.

And remember, here at Top Mexico Real Estate

We Make It Happen!


Mexican Peso´s Record Low is Good News for Tourists

The Mexican peso (MXN) recently closed at an all-time low of 17.28 to the U.S. dollar on Friday. It´s the weakest level since the currency’s revaluation in 1993 and Mexico’s stocks fell sharply. It´s downward slide comes as investors flee from risky assets due to concerns over China’s slowing economy and further declines in crude oil prices. The peso has fallen 12% since June against the US dollar. This is bad news for those living and doing business in pesos.

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However, this is good news for Americans who are moving to Mexico or just planning a visit. If you are one of these people then the woes of the market only help your situation and make your dollar go a lot further than before. As a tourist, parts of your upcoming Mexican vacation will appear to be on sale, around 10-15% off. For many years travelers to Mexico have become accustomed to making quick calculations that involved moving a decimal place one to the right when converting dollars to pesos.  Recently it´s moved up to 15:1 and that is expected to continue its´ slide downwards throughout the remainder of 2015, possibly as far as 17. For US tourists traveling to Mexico, your dollars will go continue to go further than before and you´ll be able to enjoy the discount.

So, Mexico´s troubles turn out to be a big win for the tourists. How much in part depends on you and where you trade your US dollars. It´s best to avoid the banks and exchange your money at a ¨casa de cambio¨ where you´ll be able to find a competitive rate. Things like fuel, labor and some other domestic products have become relative bargains for tourists and will continue that way. The businesses in the Mayan Riviera are primarily based around tourism and local owners of restaurants and tour companies will be happy to see the influx of foreigners who are eager to turn over their highly valued bills, especially for those who are commissioned-based, so don´t forget to tip your service provider. They´ll appreciate it that much more.

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For those of you who earn a living in dollars, now is the best time to plan a visit and enjoy the fact that the Mexican lifestyle will be “on sale” this winter.,” According to Christian Lawrence, a currency strategist at Rabobank in New York “The peso is looking very cheap indeed.¨ Do you need any other reason? Start planning your trip now and enjoy more of what Mexico has to offer.

Now if you have any questions about Mexico market or any of the Top Mexico Real Estate properties we have listed anywhere throughout Mexico, please feel free to contact any of our Top Mexico Buyers’ Representatives  and we will be glad to help you find your very own piece of paradise.

And remember, here at Top Mexico Real Estate

We Make It Happen!


Playa Del Carmen Real Estate Top Deal of the Month

If you have been dreaming about live on the golf course in Mexico, have I found the property for you! Located in the north end of Playa del Carmen you will find the beautiful gated resort style neighborhood of Grand Coral, home to the 18 hole Nick Price designed golf course, one of the best beaches in the Riviera Maya and the Nick Price Residences.

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Nick Price Residences mixes modern design with contemporary Mexican style. The development features 3 buildings with a total of 123 condos. This area is perfect for golf enthusiast, beach loves or anyone who appreciate the luxury resort lifestyle. Nick Price Residences, offering the life you have always dreamed of!

There are two “Top Deal” properties at Nick Price Residences that just significantly reduced the asking price. The first property is a striking one bedroom priced to move at only $235,000 USD. This is significantly reduced as other one bedroom properties listed in this development are asking $350,000 USD. This remarkable ground floor condo is conveniently located just steps from the beautiful swimming pool and shows off the majestic views of the stunning golf course. This spacious slice of Playa del Carmen real estate features 1044 square feet of modern comfort with an open floor plan design that leads out onto the breathtaking terrace. The condo has a full equipped kitchen with an oven, stove, refrigerator, dishwasher, Italian granite countertops and a laundry room with a washer and dryer. The bedroom features an en-suite bathroom, a spacious walking closet and a beautiful terrace with excellent views. The building has elevators, 24 hour a day security and a covered parking space for your golf cart… a golfers dream come true.

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The second “Top Deal” property is a spectacular two bedroom condo priced to move at only $320,000 USD. This condo really stands out as other two bedroom condos in this development are selling for $440,000 USD. This tremendous deal is located on the fourth floor just steps from the gorgeous swimming pool. The spacious condo features 1335 square feet of modern comfort with an open floor plan design that leads out onto the breathtaking terrace which showcases spectacular views of the majestic golf course. This condo has all the features of the one bedroom in addition to a guest bedroom with an en-suite bathroom and a covered parking space for your car.

The resort style amenities at Nick Price Residences include a tranquil roof garden with a swimming pool, barbecue and lounge area. Furthermore, owners receive an exclusive membership to “The Club”…  where you can partake in a round of golf at the Nick Price designed course and enjoy the generous discounts, relax at the resort style Beach Club or enjoy the pool, gym, spa, restaurant, bar and pro-shop at the avant-garde designed Club House. This is a place where you and your loved ones can relax, play and be social. Enjoy the perfect resort golf-beach lifestyle… you deserve it.

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Additionally, this Playa del Carmen real estate development has a guaranteed rental program allowing you to generate extra income when you are not using your property. Either of these properties would also make a great investment as this is an attractive location that offers resort style amenities and year round golf.

These “Must See” properties are priced to move and won’t last long! This is defiantly the deal of the month.

Now if you have any questions or are interested in either of the condos available at Nick Price Residences I urge you to contact a Top Mexico Buyers’ Representatives today! As these condos are priced to move and will not be on the market for very long. We can help you find your very own piece of Mexican paradise.

And remember, here at Top Mexico Real Estate

We Make It Happen!


Live it Tour: Escape The Dread of Winter

As the end of Summer draws near, the thought of surviving another Winter in the US and Canada can fill you with a sense of dread. We know what´s coming: the snowstorms that paralyze traffic and make travel difficult; the back breaking work of shoveling driveways and sidewalks; the constant wardrobe demands of heavy clothing to keep out the cold. To make things worse, weather predictions for the upcoming 2015/2016 Winter are the same or worse than last Winter. In one word: brutal. According to The Old Farmer’s Almanac it’s going to be cold and snowy for months, or in the words of its´ editor Janice Stillman “Super cold is coming. Super cold, with a slew of snow.”

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So what if there was a way to avoid all of this? If you’ve ever considered avoiding the above scenes then this is the right time to plan your escape with the Live It, Compare It & Buy It Tour. For just $399 to $899 USD per couple, Top Mexico Real Estate is offering an exclusive and flexible opportunity that allows you to take a tour conducted by our team of qualified Top Mexico Buyers’ Representatives. Our team of experts are there to educate you and show you everything available in the Riviera Maya real estate market. Ever wonder what it’s like to own a property in a residential golf community? How about a beachfront condo-hotel? Perhaps the downtown lifestyle of Playa del Carmen is more to your liking. All of these options are yours to discover as you gain first-hand knowledge of the various regions in the Riviera Maya and the wide range of property choices available.

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You can choose the three (3) day tour all the way up to our premier seven (7) day Riviera Maya tour. This allows you to select the number of days and time of year that works best for you and your busy schedule. It´s your opportunity to escape to paradise and learn about the Riviera Maya real estate market and the buying process. If you´ve ever considered owning a home in the Mexican Caribbean this educational tour will provide you with the means to buy with confidence. All of our workshops and classes are conducted by the area’s leading experts in order to help make your dream become a reality.

When buying real estate in the Riviera Maya it´s important to make the best informed decision about the Mexico real estate market. The Live It Tour covers everything from how to buy property in Mexico to how to live in Mexico. Don´t wait until you are waist deep in white snow to start thinking about the life you could have. Last winter brought more than 4,400 new record-low temperatures across the U.S. in January, with over 1,000 record snowfalls. After joining The Live it Tour you´ll be in a position to imagine a future full of winters that are brighter, sunnier and warm.

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Are you ready to take the real estate vacation of a lifetime?


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