Principal Regions of Costa Vallarta: Over the years as Puerto Vallarta has grown and a number of communities and developments have become established both to the north and south of its downtown borders, it has become more and more apparent that there needs to be names for the regions in which the communities are situated.
By Joseph Kandoll.
Why Puerto Vallarta?: While Los Cabos and Cancun seem to always be in the news as appealing Mexican destinations, Puerto Vallarta has been keeping a low profile in the background. And while the spotlight's on them, it is actually Puerto Vallarta that has created this country's largest resort real estate market — more Americans own homes in “PV” than in the other two cities combined!
Lawyers and the Real Estate Process: That beautiful home or condo on the bay is now yours, and you’re planning to enjoy more time in Vallarta. Not meant as a dire prediction, but a practical approach, you may need to spend some time in a lawyer’s office in Mexico, as well. The contracts for that new business, the will for certain assets in Mexico, and the lease on the condo you’re renting out will all require local legal services.
By Ricky Arce.
Appraisers and the Real Estate Process: You’re ready to commit to a property in Mexico — now comes the paperwork phase. Actually, this is pretty painless when managed by a competent Notario, or notary. One thing he will handle for you is the required appraisal process — that is, obtaining an opinion or estimate of value from a professional in the field.
By Ricky Arce.
The Notary and the Real Estate Transaction: You’ve found the perfect place to purchase in Bahía de Banderas. Now, meet your Notario. Although the translation of “Notario” is “notary public,” the Notario in Latin American countries has a very different role than the notary in the United States or Canada, who authorizes signatures.
By Ricky Arce.
Real Estate Trends 2007-2008: For the past five years, we have prepared a list of trends we perceived to be taking place in the Vallarta real estate market. Information is gathered through interviews with real estate agents and developers, then compiled and reviewed for trends.
In Search of the Elusive "Perfect" Condominium...: During our nearly 20 years in Vallarta, we have lived mostly in condominiums, situated in different communities and neighborhoods around the bay. Each has been unique, offering advantages and disadvantages concerning location, layout, price and numerous other things that should be taken into consideration before moving into or purchasing a condominium.
Title Insurance: A home is usually your largest single investment. When you purchase a home, you purchase homeowner’s or hazard insurance to protect against loss from fire, theft or wind damage.
By Graciela Zamudio Conde.
Realizing the Dream: Making the Move: Before you embark on your idyllic new life by the bay, there are some details to consider.
By Ricky Arce.
Benefits of Escrow: Despite the fact that escrows are regularly used in real estate transactions in Mexico, according to Mexican regulations, the concept of escrow has certain identity problems. The reason is that escrow services are not regulated as such under Mexican law, and are often confused with other similar concepts better known in Mexico, such as a Fideicomiso (trust) or a Depósito Condicionado (conditional deposit).
By Hugo G. Cuesta.
