Mexican law says that Mexico real estate taxes must be paid on the higher of the following: purchase price OR appraised value Since many appraisals in the La Paz real estate market are lower than the actual selling price your taxes will be condisderably lower if the appraisal value is declared Payment on this basis has … [Read more...] about Mexico Real Estate Closing Costs, How to Avoid Unpleasant Surprises
Archives for June 2009
Dangerous Living in Puerto Vallarta, Mexico
Have you heard the horror stories about traveling or living in Mexico Worst yet, can you imagine retiring in Puerto Vallarta Well, being the adventurous and courageous retirees that we are, in 1997 we bought a beautiful new mountainside villa overlooking Banderas Bay and El Centro, or downtown in the Puerto Vallarta … [Read more...] about Dangerous Living in Puerto Vallarta, Mexico
Tulum International Airport Update
In March 2009, the state government of Quintana Roo along with the Federal Government offices of Secretary of Communication and Transport (SCT) had programmed the announcement for the bidding process of a new international airport in Tulum to be constructed and operated in the world popular tourist destination of … [Read more...] about Tulum International Airport Update
Choosing the Right Mexico Real Estate Agent
An important aspect of purchasing real estate in Mexico is finding the right brokerIt is nota requirement to have a Mexico real estate license, so anyone can sell real estate. However, there is a professional association which adheres to ethical standards. This association is called A.M.P.I. (The Mexican Association of … [Read more...] about Choosing the Right Mexico Real Estate Agent
Rule of Thumb on Capital Gains Taxes on the Sale of Mexico Real Estate
MEXICO REAL ESTATE CAPITAL GAINS TAXES (called ISR or Impuesto Sobre la Renta) An update to this article on 2 items have been included on a post of 1 of March. Click Here to see (Yucatan Real Estate Taxes Update) In the Yucatan real estate market, including other regions of Mexico, ISR are assessed when you sell … [Read more...] about Rule of Thumb on Capital Gains Taxes on the Sale of Mexico Real Estate
The Ixtapa Real Estate Market Offers More than Oceanview; Fishing, Surfing, Food, Culture
If you are thinking of buying properties in the Ixtapa real estate market it is most likely you are asking yourselfWhat s happing in Ixtapa-Zihuatanejo Cultural events are an important consideration for anyone looking for Mexico Real Estate; fishing, surfing, cheerleading tournaments, cultural celebrations, great food … [Read more...] about The Ixtapa Real Estate Market Offers More than Oceanview; Fishing, Surfing, Food, Culture
Cancun, Cozumel, and Playa del Carmen Get New Beaches
Three regions of the Mexico real estate market receive good news this week from the Federal Secretary of Tourism (SECTUR) The long awaited beach recovery project looks to be nearly 98% approved with only the final authorization being awaited from the (SEMANART), which is the Secretary of Environment and Natural … [Read more...] about Cancun, Cozumel, and Playa del Carmen Get New Beaches
Playa del Carmen Real Estate Price Reductions: 4 Bedroom Oceanview Penthouse
Here is another great price reduction in the Playa del Carmen real estate market! This is a super rare gem found in the heart of Playa. A luxuriously furnished 4 bedroom penthouse with dazzling oceanviews from both of the unit's 2 levels, with approximately 418 m2 (4472 sq. ft) total area. There are very few, if … [Read more...] about Playa del Carmen Real Estate Price Reductions: 4 Bedroom Oceanview Penthouse