Better Safe Than Sorry: Are You Prepared for Hurricane Season?

Posted by Mexlaw

It is hard to imagine with the beautiful weather we are experiencing here in Mexico that it is hurricane season. Hurricane season begins June 1 through the end of November. Typically, we only experience sporadic wind and rain, but we have to be aware how quickly mother nature can turn. If you are traveling to Mexico during hurricane season, you will want to purchase travel insurance. If you live near the coast in Mexico, here are some precautionary steps to consider. Insurance First of all, is your home and vehicle insured? Keep in mind most home insurance policies do not include...

14 July

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Puerto Vallarta & Riviera Nayarit Real Estate Summit 2017 – Presented by MexLaw

Posted by Mexlaw

in Conference, MexLaw

WELCOME ALL REALTORS, DEVELOPERS, AND EXPATS FROM PUERTO VALLARTA AND RIVIERA NAYARIT, MEXICO! MEXLAW is pleased to present The Real Estate Summit in Puerto Vallarta, Mexico. This one-day event is a great platform with a broad range of specialists in the Real Estate field sharing their knowledge and experiences through 30-minute conferences about today's most relevant topics in the market. Join us at the HILTON PUERTO VALLARTA RESORT, SALON VALLARTA on August 22, 2017, from 9:00 A.M. to 2:00 P.M. Key Speakers and Topics: Charles Tibshirani – MEXLAW- Utilizing your pension fund to purchase property. Maria Del Carmen Macías- MEXLAW- ESCROW...

21 June

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Real Estate Financing For Foreigners in Mexico

Posted by Mexlaw

in MexLaw

Cabo Secured Lending can help you realize your dream of owning property, whether its for a single family residence, condo, or property for development Mexico is home to the largest number of Americans living outside the United States. Many Americans and foreigners from all over the world come to Mexico to invest in property. Purchasing Mexican real estate offers many advantages, one being having a home in Mexico which will practically pay for itself while having the potential to appreciate in value. Whether your intentions are to snowbird in Mexico and rent it out the remainder of the year or invest...

21 June

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Closing the Deal – Real Estate in Mexico

Posted by Mexlaw

in MexLaw, Real Estate

Did you know foreigners can buy property in Mexico without holding resident status? Although visitors to Mexico can purchase real estate without applying for temporary or permanent residence, holding a resident card will benefit you when it comes time to sell. Claiming the property as your principal residence may exempt you from any capital gains tax on the sale. Obtaining Mexican citizenship will allow you to purchase property in the restricted zone, which refers to properties that are 100 kilometers from the border and 50 kilometers from the coastline, without a fideicomiso, bank trust or a Mexican corporation. You have found...

21 June

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Tips on Securing Your Vacation Home in Mexico

Posted by Mexlaw

in Insurance, MexLaw

So you found your dream home in Mexico, now it is time to shop for a homeowners insurance policy to protect your investment. Unexpected loss happens, whether it is loss through robbery, vandalism, fire, flooding or a natural disaster. Vacation homes are at higher risk of loss as some foreigner property owners only stay six months and leave the home vacant for the remainder of the year. A significant portion of real estate purchased by foreigners in Mexico is condominiums. In this case, the condo association will have a blanket policy to insure the structure, common areas, fixtures, and amenities....