Are you going to buy or sell a house in Mexico and are not sure what price to put on it? Or maybe, you don't know if it really costs what the owner asks for it. Don’t worry. You’re not alone. There is the legal concept of real estate appraisal to solve the above. Nowadays, we have three types of real estate … [Read more...] about History of Real Estate Appraisal in Mexico
Purchase property in Mexico
Housing Prices Average in USA
Housing prices rates in the USA This past month of August 2022, the US housing prices, on average, were up 7.1%. Compared to the same month of last year. The housing prices median of $406,890USD in August compared to 3 months ago has dropped from a 3-year high of $425,000. If you compare May of 2021, the housing … [Read more...] about Housing Prices Average in USA
Facing a Bear Market with Mexico Real Estate
Just in January of this year, the S&P 500 index set its most recent record. With the entry of Wall Street into the so-called (and feared) ‘bear market,’ the fears of a U.S. recession became way too real this Monday. But what does Bear Market mean to markets? The term ‘bear market’ is used when one of two … [Read more...] about Facing a Bear Market with Mexico Real Estate
Best Return on Investment: Buy a Home in the Mexican Caribbean
What does ROI mean and how to calculate it? ROI is the acronym for Return On Investment, which is CAP RATE in real estate slang. And, to define it, we can say that ROI is the annual capitalization rate real estate offers. Finally, to calculate ROI you take the property price and net income after maintenance and … [Read more...] about Best Return on Investment: Buy a Home in the Mexican Caribbean
5 elements to have in mind when looking for a new house in Mexico
The time to retire has arrived, and you have decided to buy a retirement property in Mexico. But where should you start? These are the five elements to have in mind when looking for a new house. If you have already decided that you want to live in Mexico and the city where you want to spend your retirement years, … [Read more...] about 5 elements to have in mind when looking for a new house in Mexico
Buying Your House Long Distance: Notary Public in Mexico
Whether you want to buy a luxury home in Lake Chapala or purchase a luxury condo in Puerto Aventuras, an essential character within the real estate transaction is the notary public in Mexico. Since it is his authority that gives legal certainty to the transaction both for the seller and for the one who acquires the … [Read more...] about Buying Your House Long Distance: Notary Public in Mexico
Buying Your House Long Distance: Purchase Sales Agreement
Recap When you buy a house in Mexico, everything starts with three milestones. The first is the offer to purchase, in which the buyer’s lawyer puts down the basics of the offer. That offer matures into a promissory contract. They take everything from the offered purchase, and then they add a lot more clauses and more … [Read more...] about Buying Your House Long Distance: Purchase Sales Agreement
Buying Your House Long Distance: Promissory Contract
In the prior weeks, we talked about the first steps to purchase your house in Mexico from abroad. In other words, what you need to do to be the owner of your own piece of paradise. Let's now talk about the next step, the Promissory Contract. First, we talked about the importance of hiring a Real Estate agent to … [Read more...] about Buying Your House Long Distance: Promissory Contract