As an investor in Mexican real estate, it is essential to understand the title registration process and have reliable legal representation before you hand over your money. Foreigners risk losing everything if they do not hire a reputable law firm to represent them and ensure they receive the title on the property.
Foreigners looking to invest in a second property or retirement home are looking towards Mexico. The constant influx of tourists arriving on both coasts of Mexico, Riviera Nayarit, and the Riviera Maya indicate a demand for vacation rentals, is impacting foreign interest in real estate opportunities.
Both of these Mexican beach locations have a huge demand for rental properties with a growing number of travelers preferring to stay in private residences over big brand resorts.
If you have ever been mistreated by a business or service provider in Mexico, you may feel you do not have any recourse or options to resolve the issue. It seems the employees do not have the authority or the enthusiasm to deal with your complaint. If you feel you have been taken advantage of and do not get any satisfaction from the manager, you can contact the institution responsible for protecting consumer rights in Mexico. The Federal Customer protection Agency, is a government agency tasked with enforcing the law and investigating possible violations. They respond to complaints from residents and...
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According to a recent immigration census taken by the National Institute of Geography and Statistics and the US State Department one million Americans are living in Mexico and many do not have legal status. The census also reveals an increase since 2015 of 37.8% Americans overstaying their tourist permits, stating there were 673, 866 Americans living illegally in Mexico in 2015, and estimating the current numbers are at least 934,698. The majority of Americans residing in Mexico are retired and simply come on a tourist permit of 180-days, decide to stay but do not apply for their residency. It is easy...
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Foreigners thinking about buying property in Mexico may hear the term “due diligence” this is a vital step of purchasing real estate in Mexico. You may see in the news that foreigners have lost their property in Mexico, finding out the property had a developer or construction lien against it, the land was not authorized to be sold, real estate fraud or a long lost relative making claim on the land. Take the proper steps to prevent this situation from happening to you. Due diligence is the process performed that guarantees you do not lose possession of your property. Whether...
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Tourists are scrapping the idea of heading to the United States for vacation in favor of spending their vacation in Mexico. Trump's rhetoric, the attempted travel bans and detention of travelers are affecting US tourism, coupled with the US dollar making it less affordable for other countries to visit. The prediction that travels to the US would see a drastic decrease has become a reality as American travel agencies are experiencing a massive decline in US tourism. The travel websites have already seen a significant drop in travel searches to the US. The travel site Kayak for one, reports a...
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If you plan on renovating or building a new home in Mexico, you need a legal contract between you and the contractor. As in any country, you would not hand over the money and trust someone with such a large investment. Entering into a legal contract with your contractor will protect you and your property from budget overruns, fraud, and litigation. Living in Mexico you may notice that prices and quotes change, and mañana may not mean tomorrow, home construction can be one of the most stressful events in your life, you need to know you can rely on your...
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There are many situations you may require a Power of Attorney, a legal document granting a legal representative the authority to act for another person or business. The POA may allow broad legal authority or provide limited authority to make legal decisions about a particular property or financial matter. By having a POA in Mexico, the client saves time and avoids travel expenses to sign the related documents. You may use a POA during any legal situation, incorporation or real estate transactions. One example would be purchasing real estate in Mexico; clients often bestow power of attorney to MEXLAW if they are...
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Mexico is the top destination for foreigners wanting to live, retire and invest abroad.
Two of the most popular locations for expats investing in Mexico are the Riviera Maya and the Pacific coast, Nayarit, and Jalisco.
Nuevo Vallarta is located on Banderas Bay of the Pacific coast in the state of Nayarit, Mexico, a 15-minute drive from the Puerto Vallarta International Airport.
This Mexican destination is situated on a long coastal strip composed of several beaches and characterized by large hotels and lush flora and fauna. The communities along the coast include Nuevo Vallarta, La Cruz de Huanacaxtle, Bucerias, with Sayulita a famous surfing village and San Francisco just 25 minutes from Nuevo Vallarta. Exclusive resort communities such as Punta Mita are located about 30 minutes away.
Weather in Nuevo Vallarta Area