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Due Diligence and Protecting Foreign Property Owners in Mexico

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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Tourism in Mexico Continues to Increase as Travel to the US Declines

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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Foreigners Represented by a Power of Attorney in Mexico

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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Foreigners Investing in Puerto Vallarta & Riviera Nayarit’s Restricted Zones

If you are looking for affordable oceanside property in Mexico, check out Puerto Vallarta & Riviera Nayarit, situated on the Pacific Ocean's Bahía de Banderas. This area of Mexico is attractive to foreign buyers because of its affordability, continuous growth in real estate sales and a steady increase of visitors creating a high demand for rental properties. Did you know a non-Mexican may buy property in Mexico without residency? There is no requirement for foreigners to apply for residency status prior to purchasing real estate. As a tourist, you may invest in Mexican real estate and enjoy the same protection...

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Enlist the Professionals to Guide You Through the Sale of Your Mexican Property

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There are numerous articles explaining how foreigners can purchase property in Mexico, but what happens when foreigners want to sell a property in Mexico? If you have decided it is the right time to sell your Mexican property, do your research and find out the current market price for similar properties in the area. Search the internet for comparable listings and then consult with a licensed real estate agent. Get recommendations for local real estate agents from friends or other expats, check out their website, find out which other ways they market their listings, are their listings seen internationally? Within the...

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