Monday, December 17, 2007

Don't Buy Property In Playa, before reading this




Tom Budniak: Playa Realty Executives



Playa Del Carmen is a popular getaway and second home destination for Americans and Europeans. Every year many foreigners lured by the scenic beauty of this beach side area are flocking to Playa del Carmen. Naturally, this popularity has resulted in a booming Real Estate market in Playa del Carmen. More and more people are dying to buy Playa del Carmen Real Estate.

Though, real estate in Playa del Carmen is a very lucrative and good long term investment, many factors have to be considered before buying Real Estate in Mexico.

There is a misconception that foreigners cannot buy property in Mexico. This is NOT true! Any foreigner or Mexican National can establish a Fideicomiso (the equivalent of an American beneficial trust) through a Mexican bank to purchase real estate in Playa del Carmen or for that matter anywhere in Mexico, including the Restricted Zone. For practical reasons, even in unrestricted zones, many foreigners, and Mexican Nationals for that matter, prefer to hold their property under a Fideicomiso.

To do so, the buyer requests a Mexican bank of his choice to act as a trustee on his behalf. The bank, as a matter of normal course, obtains the permit from the Ministry of Foreign Affairs to acquire the chosen property in trust.

The Fideicomiso can be established for a maximum term of 50 years and can be automatically renewed for another 50-year period. During these periods you have the right to transfer the title to any other party, including a member of your family.

The bank becomes the legal owner of the property for the exclusive use of the buyer/beneficiary, who has all the benefits of a direct owner, including the possibility of leasing or transferring his rights to the property to a third party or pre-appointed heir.

The trustee is responsible to the buyer/beneficiary to ensure precise fulfillment of the trust, according to Mexican law, assuming full technical, legal and administrative supervision in order to protect the interests of the buyer/beneficiary. Fideicomisos are not held by the trustee as an asset of the bank.

Another alternative is to purchase non-residential property through a Mexican corporation, which under certain conditions can be 100% foreign-owned, with a provision in its by-laws that the foreigners accept being subject to Mexican laws and agree not to invoke the laws of their own country. Also, they agree that the mexico real estate acquired be registered with the Foreign Affairs Ministry and be used for non-residential activities. In other words, under these conditions foreigners can directly acquire properties destined for tourist, commercial and industrial use.

Tom Budniak operates, owns, and manages Realty Executives Mexican Carribean here in Cancun, Playa Del Carmen. For the best deals in Real Estate in Playa Del Carmen, contact Tom Budniak. Tom is a Certified Member of RMRE and MLS 4 Riviera Maya. Check out all of the resources available through Tom and Realty Executives Mexican Carribean.


CALL US TODAY!!!

Playa Realty Executives
Paseo de la Marina 245- Local A
Marina Vallarta, Puerto Vallarta, Jalisco CP 48350
Mexico Toll Free 1-800-471-0608 ext.5 US/Canada 1-415-287-6521
Email: tom.realtyexecutives@gmail.com


Cancun MLS Online




TOM BUDNIAK :
REALTY EXECUTIVES MEXICAN CARIBBEAN



When searching for Cancun MLS online, you should look for the best features that an MLS site has to offer – convenience, organization, options, filters and information. You should try to find a site that is truly everything you will ever need when looking for Cancun MLS online. You should be able to easily navigate through Cancun Mexico real estate searches and find exactly what you are looking for.

The Cancun MLS online site that you rely on should feature specialized Mexico real estate agents who can help you find the property you are looking for along the Riviera Maya and throughout Cancun . Once you find the right site, really take your time to search Cancun MLS online in order to determine every option that is available to you as a buyer or a seller of a property. Cancun MLS online should allow you to search all homes available for sale in the area easily and without a lot of hassle. In addition, sellers should find real estate agents who offer them maximum exposure along with the professional services you deserve and should come to expect. Regardless, the Cancun MLS online should help you find the finest real estate available within your budget.

If you are thinking about selling your Cancun condo or home in the next few months, you should consider using Cancun MLS online options to do so. Yeah, a sign in the yard won't hurt, but there is no comparison between that old school method of selling a property and the new options offered by Cancun MLS online. This service is free and is designed to help not only sell your property but also to establish the current market value of your Real Estate in Cancun . Simply fill out a bit of information and you will quickly be in business – on the road to selling or buying your dream home in Cancun !

Tom Budniak operates, owns, and manages Realty Executives Mexican Carribean here in Cancun, Mexico. For the best deals in Cancun Real Estate , contact Tom Budniak. Tom is a Certified Member of RMRE and MLS 4 Riviera Maya. Check out all of the resources available through Tom and Realty Executives Mexican Carribean


CALL US TODAY!!!

REALTY EXECUTIVES MEXICAN CARIBBEAN
Avenida Constituyentes y 5th Ave.
PLAYA DEL CARMEN, Quintana Roo,
Mexico Toll Free 1-800-471-0608 ext.5 US/Canada 1-310-492-5115
Email: tom.realtyexecutives@gmail.com

Wednesday, October 31, 2007

Buying Property in Puerto Vallarta





TOM BUDNIAK : REALTY EXECUTIVES PUERTO VALLARTA




There are many reasons why you should seriously consider buying Puerto Vallarta real estate, but it will ultimately come down to both personal choice and individual circumstances. One thing's for sure, however, before buying, you need to decide what your reasons are for looking at Puerto Vallarta real estate. Are you planning to live in Mexico for a long time and therefore you view a long term rental as a waste of possible equity? Are you looking for an overseas investment property that will provide a handsome rental income while also providing you with a vacation home whenever you can get away? Is your company looking for a new location, second headquarters, and warehouse or manufacturing facility?

Whatever your reasons for looking at Property in Puerto Vallarta, it is important to realize that it can be a very smart investment. For one thing, property values in Mexico have been consistently going up every year, just like they do almost anywhere else – as we know, one thing that is NOT being manufactured is more land. However, property values of Puerto Vallarta real estate do not typically appreciate as quickly as they do in the U.S. , Europe, Canada and other ‘developed' countries, making it a value for buyers from these other nations at almost any given time. In addition, as with any property, the true appeal and value of property in Puerto Vallarta, Mexico comes down to one thing only – location!

This brings us to another important thing to think about when you are looking at Puerto Vallarta real estate is the state of development in the immediate vicinity as well as the surrounding governmental infrastructure of the whole entire area. Some areas are much more developed than others, while some are hardly developed at all. While property values will be cheaper in underdeveloped areas, be careful when you are looking at these sorts of locations in the purchase of real estate in Puerto Vallarta.

As you can see, Puerto Vallarta has many excellent Real Estate Investment oportunities like Beachfront Condos, Rental Villas, Apartments etc. If you have any questions, requests or need any advise regarding Real Estate in Puerto Vallarta , feel free to contact Tom Budniak of Realty Executives Vallarta, Puerto Vallarta's best Real Estate company.


CALL US TODAY!!!

REALTY EXECUTIVES PUERTO VALLARTA
Paseo de la Marina 245- Local A
Marina Vallarta, Puerto Vallarta, Jalisco CP 48350
Mexico Toll Free 1-800-471-0608 ext.5 US/Canada 1-415-287-6521
Email: tom.realtyexecutives@gmail.com

Wednesday, October 24, 2007

Cancun MLS Search






Mexico Real Estate
Puerto Vallarta Real Estate
Playa del Carmen Real Estate





TOM BUDNIAK : REALTY EXECUTIVES MEXICAN CARIBBEAN



Have you been seriously considering the possibility of purchasing Real Estate in Cancun or the Riviera Maya? If so, you should know how to find an excellent Cancun MLS search. Maybe you have been thinking about retiring in Cancun at a beach front condo or a home, or perhaps you are just thinking about purchasing a second home or a Real Estate investment like a rental property. Either way, you will definitely want to find a safe and relaxed location amidst the gorgeous tropical weather, white sand beaches and warm Latin atmosphere that characterize Cancun and the Riviera Maya.

It is absolutely essential that you conduct an extensive Cancun MLS search if you are considering buying a property in Cancun, and you should definitely look for websites that feature the best Cancun MLS search that you can find – that is, look for websites that give you the most options (more places to look at) compared to their competitors, as well as more images and specific property information than other sites. The Cancun MLS search that you rely on should also be very easy to navigate with excellent filtering options and should also give you a list of the most specialized and experienced Real Estate agents in Cancun and the Riviera Maya to work with. A good Cancun MLS search should also present you with hundreds or thousands of the absolute best homes, condos and land for sale in the region. The only way you will know if you are looking at the best Cancun MLS search is to compare and contrast different sites and see which ones are the best for your needs. This is not something you will want to rush into anyway, so take your time and chances are you will find the perfect Cancun MLS search for you!

Tom Budniak operates, owns, and manages Realty Executives Mexican Carribean here in Cancun, Mexico. For the best deals in Real Estate in Cancun, contact Tom Budniak. Tom is a Certified Member of RMRE and MLS 4 Riviera Maya. Check out all of the resources available through Tom and Realty Executives Mexican Carribean.


CALL US TODAY!!!

REALTY EXECUTIVES MEXICAN CARIBBEAN
Avenida Constituyentes y 5th Ave.
PLAYA DEL CARMEN, Quintana Roo,
Mexico Toll Free 1-800-471-0608 ext.5 US/Canada 1-310-492-5115
Email: tom.realtyexecutives@gmail.com






Tuesday, October 9, 2007

Mexico Real Estate Articles


Playa Realty Executives



The Leading Mexico Real Estate Marketplace for Vacation Properties & Second Homes Research cities, find local experts, search Mexico Real Estate listings for vacation, retirement, investment in Mexico. Mexico Best Buy is the leading real estate listings source for vacation homes, investment homes, mexico beachfront properties for sale and retirement homes, matching vacation home buyers with Mexico real estate agents.

Search free Mexico Real Estate listings in all Mexico for second homes, Condos, Villas, Mansions, Lots/Land, Commercial, Hotels. Access real estate tools and articles to make informed purchase decisions on vacation homes, investment homes and retirement homes in Mexico.

For this purpose, latest Articles related to Mexico, Cancun, Playa del Carmen etc. developed by our research team at Playa Realty Executives. These are aimed to provide most relevant, informative and up to date information regarding Real Estate market in Mexico.


As you can see, Mexico has many excellent Real Estate Investment opportunities like Beachfront Condos, Rental Villas, and Apartments etc. If you have any questions, requests or need any advise regarding Real Estate in Mexico , feel free to contact Tom Budniak of Playa Realty Executives. Tom is a Certified Member of RMRE and MLS 4 Riviera Maya.


CALL US TODAY!!!

PLAYA REALTY EXECUTIVES
Avenida Constituents y 5th Ave.
PLAYA DEL CARMEN, Quintana Roo,
Mexico Toll Free 1-800-471-0608 ext.5 US/Canada 1-310-492-5115
Email: tom.realtyexecutives@gmail.com

Wednesday, August 1, 2007

Viceroy Mayakoba- Ultra Luxury Real Estate in Playa del Carmen


TOM BUDNIAK : PLAYA REALTY EXECUTIVES



Mexico Real Estate, Playa del Carmen Real Estate, Puerto Vallarta Real Estate



Playa del Carmen is a city on the coast of the Caribbean sea. It has beautiful clean white sands. Playa del Carmen is a developed city with all amenities like banks, money exchanges, pharmacies. This makes Playa del carmen also an Ideal place to buy second home not to mention a sound Real Estate Investment option in Mexico. It is projected that a rising inventory of new homes in the American market, along with a continued increase in the Federal Interest Rates during the spring of 2006, will suppress overall real estate appreciation throughout the USA. But Mexico Real Estate is booming all the time and will continue to do so for many coming years. Playa del Carmen Real Estate is one of those destinations which presents ample opportunities for serious Mexico Real Estate investors to buy and sell properties. One of the most lucrative and safe investment option is buying a villa. Playa del carmen has some of the most beautiful luxury villas to choose from. Topping the list is Viceroy Mayakoba.

Luxury hotel and resort operator Kor Hotel Group extends its signature Viceroy brand's innovative blend of imaginative design, exceptional amenities and personalized services into Mexico with the debut of Viceroy Mayakoba.

A refined haven of 110 new 1,500 square foot luxury villas woven along the Caribbean coastline, lagoon waterways and a championship Greg Norman golf course, Viceroy Mayakoba offers its discerning guests an unparalleled opportunity for a departure from the ordinary.

Kor Hotel Group’s distinctive portfolio, recognized on prestigious media lists such as Travel + Leisure’s “Great Escapes,” Departures’ “Readers’ Favorites Survey” and Condé Nast Traveler’s “Hot Lists,” includes flagship Viceroy Santa Monica and Viceroy Palm Springs; Maison 140 and Avalon Hotel in Beverly Hills; and the forthcoming Chamberlain in West Hollywood and Viceroy Anguilla Resort & Residences in the British West Indies.

Playa Realty Executives - "Your Playa del Carmen Realtor" is a premier Real Estate Company in Playa with it's offices all over Mexico. It is the first choice in Beachfront and Vacation properties in Playa del Carmen.

Tom Budniak operates, owns, and manages Realty Executives Mexican Carribean here in Cancun, Playa Del Carmen. For the best deals in Real Estate in Playa Del Carmen , contact Tom Budniak. Tom is a Certified Member of RMRE and MLS 4 Riviera Maya. Check out all of the resources available through Tom and Realty Executives Mexican Carribean.

CALL US TODAY!!!


REALTY EXECUTIVES MEXICAN CARIBBEAN
Avenida Constituyentes y 5th Ave.
PLAYA DEL CARMEN, Quintana Roo,
Mexico Toll Free 1-800-471-0608 ext.5 US/Canada 1-310-492-5115
Email: tom.realtyexecutives@gmail.com



Thursday, July 26, 2007

New Luxury Residential Complex in Cancun : LAHIA

Cancun, Mexico never fails to surprise it's admirers. Be it's beautiful beaches or best of Mexico Real Estate. Cancun not only boasts of natural scenic beauty but also marvellous man made structures. Cancun's stunning beaches must be seen to be believed: silky smooth sugar-white sand, lapped by the turquoise and emerald waters of the Caribbean. Now, you also can have a luxurious abode in this paradise. The latest in it's offering is LAHIA “OCEAN LAGUNA RESIDENCES + SPA” , is a full ownership residential condominium complex with Gran Turismo quality and services. Lahia will be a jewel in the crown of the Cancun Real Estate market.

It boasts of 140 m of Caribbean Mexico Beachfront. Five Towers with 166 apartments. 10 Exclusive 2-level penthouses. There are 8 luxurious villas. It has large common areas that have gardens, lawns, children games, tennis courts, swimming pool, private streets, Palapa Bar, Outdoor reception area, Spa, Sky rom, 232 parking slots and security controlled access.

The high standard of construction and architectural quality ensures that building will withstand winds up to 300 Kph. The windows used are certifies to withstand 250 kph using tempered and/or layered glass. The complex is protected by a reinforced concrete containment wall with deep pile foundation running along the entire ocean front of the property. To minimize the risk of flood damage the parking area is located above street level. Similarly, the lobby, swimming pools abd gardens are protected from any type of flooding since they are located 6-7 m above sea level. The buildings are also equipped with emergency power generator for common areas. Each level is equipped with Fire hoses and extinguishers. All the buidlings are completely secure with controlled, 24 hr security throughout the year. All apartments are linked through Intercom.

Lahia has 5 Towers :-

Tower 1 “Agua”
Contains two apartment types per floor, the “01” “Breeze” Category (12 apartments), and the “02” “Wind” Category (10 apartments). There is also a two level villa on the lower floor and 2 two-level penthouses on the topmost floors, in addition to common areas.

Tower 2 “Mar”
Contains two apartments types per floor, the “01” and “02” “Breeze” Category ( 24 apartments ), also contains 2 to floor villas on the ground floor and 2 penthouses on the topmost floors, in addition to common areas.

Tower 3 “Fuego”
Contains two apartment types per floor the “01” and “02” “Breeze” Category ( 24 apartments ), There is also 2 two-floor villas on the ground floor and 2 two-floor pehthouses on the topmost floors, in addition to common areas.

Tower 4 “Aire”
Contains two apartment types per floor, the “01” “Mist” Category ( 12 apartments), and the “02” “Cloud” Category ( 12 apartments ). There is also 2 two-floor villas on the ground floor and 2 two-floor penthouses on the topmost floors, in addition to common areas.

Tower 5 “Tierra”
Contains two apartment types per floor, the “01” “Mist” Category ( 12 apartments ), and the “02” “Cloud” Category ( 12 apartments ). There is also 2 two-floor villas on the ground floor and 2 two-floor penthouses on the topmost floors, in addition to common areas.


Lahia has the following types of Apartments :-

1) “Wind” Category - 206 m 2 (Agua and Mar. Towers ). 3 bedrooms 2 Bathrooms, Kitchen , Living Room, Dining Room, Terrace, Laundry Area, Help's room or den.

2) “Breeze” Category - 232 m 2 (Agua, Mar and Fuego Towers ),243 m 2 (Fuego, Tower, Levels 4 and 5), 3 Bedrooms, 3 Bathrooms, Kitchen, Living Room, Dining Room, Terrace, Laundry Area, Help's room or den.

3) “Cloud” Category - 264 m 2 ( Aire Tower , Levels 3 through 9 and 15), 287 m 2 ( Aire Tower , Levels 10 through 14), 264 m 2 ( Tierra Tower , Levels 3 and 6 through 15),277 m 2 ( Tierra Tower , Levels 4 and 5),3 Bedrooms, 3 Bathrooms, Kitchen, Living Room, Dining Room, Terrace, Laundry Area, Help's room or den.

4) “Mist” Category - 292 m 2 ( Aire Tower , Level 3 through 9 and 15), 292 m 2 ( Tierra, Levels 3 and 6 through 15 ), 303 m 2 ( Tierra Tower , Levels 4 and 5 ), 309 m 2 ( Tierra Tower , levels 10 through 14 ), 3 Bedrooms, 3 Bathrooms, Kitchen, Living Room, Dining Room, Terrace, Family Room, Laundry Area, Help's Room or den.

All units have Built-in kitchen cabinets with a granite counter, neutral color; includes grill, extractor and a sink. Bathrooms have Ceramic toilet and sink in white. Travertine type marble countertop, beige or similar color, includes faucets and shower accessories. Sliding aluminum shower door with tempered glass and white colored ceramic tiles on shower walls. Closets are Modular type made of mahogany or similar pressed wood, varnish or acrylic finish, with shelf and hanger tube, one chest with drawers and shelves for each closet, no doors. Laundry Area is 30 x 30 cm floor tiles white or clear colored ceramic floor tiles. Includes basin and gas fired water heater.

Terrace have 30 x 30 cm floor tiles color coordinated with the apartment, white whirlpool bath.

Floors have white or beige ceramic tiles. Tiles in main areas of measure 40 x 40 cm, and 30 x 30 cm in bathrooms, closets and service area. Includes baseboard.

Doors are drum type smooth plywood with frame, half wall frames, door locks and natural colored varnish finish. Interior walls and ceilings are made of sheetrock and finished with a single coat of beige or clear colored acrylic vinyl paint. Air Conditioning System is based on one or more compressors/condensers, depending on apartment area, located in the laundry area, hidden ceiling ducts and grills.

The apartment prices start at $ 700,000 up to $ 950,000 USD.

If you always dreamt of investing in Cancun Real Estate then here is your chance to get the most sought out Real Estate in Cancun. Don't waste this golden opportunity. So if you want to know how to invest in the hottest real estate market in Cancun and how to Buy Condo in Cancun Call us Toll Free 1-800-471-0608 ext 5.

About Realty Executives Mexican Caribbean: We specialize in Cancun Real Estate; in representing our clients in the purchases and sales of single-family homes, Condos and income property within the cities of Cancun, Puerto Morelos, Playa del Carmen, Playacar, Puerto Aventuras, Cozumel, Tulum. We keep current of all transactions in these areas. We have specialized agents in all the Cancun and Riviera Maya, presenting the best Cancun homes and condos for sale daily. If you are searching for Cancun Mexico Real Estate, you have found the right site. Whether you are buying or selling in Cancun, we are here to help. You can use Cancun Mexico MLS search to view all homes available for sale in Cancun and Riviera Maya Mexico. Realty Executives Mexican Caribbean internet marketing offers buyers and sellers maximum exposure along with the profeional service you deserve. The Mexico MLS Homefinder Team can help you find the finest Cancun real estate available.

Tom Budniak operates, owns,s and manages Realty Executives Mexican Carribean here in Cancun, Playa Del Carmen, Mexico. For the best deals in Real Estate in Cancun , contact Tom Budniak. Tom is a Certified Member of RMRE and MLS 4 Riviera Maya. Check out all of the resources available through Tom and Realty Executives Mexican Carribean.

CALL US TODAY!!!


REALTY EXECUTIVES MEXICAN CARIBBEAN
Avenida Constituyentes y 5th Ave.
PLAYA DEL CARMEN, Quintana Roo,
Mexico Toll Free 1-800-471-0608 ext.5 US/Canada 1-310-492-5115
Email: tom.realtyexecutives@gmail.com



Monday, July 16, 2007

ISOLA CANCUN (Beach front Condos for sale in Puerto Cancun)

TOM BUDNIAK : PLAYA REALTY EXECUTIVES


Mexico Real Estate, Playa del Carmen Real Estate, Puerto Vallarta Real Estate



Isola Cancun will be the latest address for High luxury Lifestyle in Cancun. Located 8 minutes from down town Cancun is Isola cancun. This will comprise of 5 towers with 20 storey each. There will be a total of 160 beautiful condominiums, constructed over an area of 190,817 sq.ft.

This ambititous project is in Puerto Cancun, a large residential development located in Bay of Isla Mujeres.

Isola Cancun equipped with all amenities and offers the best in high luxury living. Located on Ocean front, it offers a Tom Weiskopf Championship Resort Golf Course, a private marina, a gated single family residential area, 5 resorts and shopping center.

It has unique arcitecture which ensures that each development has absolute privacy and large facades with spectacular views of cancun city, hotel zone and golf course. Each has a direct elevator service to each department. Isola cancun also has garden areas, 2 infinity pools with jacuzzi, snack bar, tennis court and a spectacular view of the golf course. Sound proof units and the windows can with stand up to 250 mph winds. Germany design and the best of the best.

How to Buy in Isola Cancun :- Pre sales are in effect with only 30% down payment and no other payments until completed. All condo units in Isola Cancun will appreciate to more than 300% in less than 3 years. It has free Title insurance and kitchen apppliances. Realty Executives Mexican Caribbean is providing U.S.Mortgage loans!! It has been 3 weeks into selling and already 42% sold out for the first tower. If you always dreamt of investing in Cancun real Estate then here is your chance to get the most sought out Real Estate in Cancun. Don't waste this golden opportunity. So if you want to know how to invest in the hottest real estate market in Cancun and how to Buy Condo in Cancun Call us Toll Free 1-800-471-0608 ext 5.

About Realty Executives Mexican Caribbean: We specialize in Cancun Real Estate; in representing our clients in the purchases and sales of single-family homes, condos and income property within the cities of Cancun, Puerto Morelos, Playa del Carmen, Playacar, Puerto Aventuras, Cozumel, Tulum. We keep current of all transactions in these areas. We have specialized agents in all the Cancun and Riviera Maya , presenting the best Cancun homes and condos for sale daily. If you are searching for Cancun Mexico Real Estate, you have found the right site. Whether you are buying or selling in Cancun, we are here to help. You can use Cancun Mexico MLS search to view all homes available for sale in Cancun and Riviera Maya Mexico. Realty Executives Mexican Caribbean internet marketing offers buyers and sellers maximum exposure along with the professional service you deserve. The Mexico MLS Homefinder Team can help you find the finest Cancun real estate available.

Tom Budniak operates, owns, and manages Realty Executives Mexican Carribean here in Playa Del Carmen, Mexico. Tom's office is considered by many in the industry to be the top office in the Playa Del Carmen. Tom, from Realty Executives Vallarta and Mexican Caribbean is a Certified Member of RMRE and MLS 4 Riviera Maya. Check out all of the resources available through Tom and Realty Executives Mexican Carribean.

CALL US TODAY!!!


REALTY EXECUTIVES MEXICAN CARIBBEAN
Avenida Constituyentes y 5th Ave.
PLAYA DEL CARMEN, Quintana Roo,
Mexico Toll Free 1-800-471-0608 ext.5 US/Canada 1-310-492-5115
Email: tom.realtyexecutives@gmail.com


Wednesday, July 11, 2007

How to buy Mexican real estate using Bank trust, "Fideicomiso"


TOM BUDNIAK : PLAYA REALTY EXECUTIVES


Cancun Real Estate, Playa del Carmen Real Estate, Puerto Vallarta Real Estate


Mexico Real Estate is always in high demand especially among American citizens. But there are some laws that any foreigner interested in Buying Real Estate in Mexico should be familiar with. Though under Mexican law, foreigners may obtain direct ownership of Mexican property in the interior of Mexico, foreigners cannot acquire direct ownership of residential property within the area 100 kilometers from the border and 50 kilometers from the coastline. This zone in Mexico is known as the "Restricted Zone". But there is an indirect way to purchase and enjoy Mexican property in the restricted zone through a Bank Trust or "Fideicomiso" authorized by the Government of Mexico. Fideicomiso is the legal equivalent of deeded ownership (commonly referred to in the U.S. as fee simple)

Earlier, foreigners were barred from owning Property in Mexico but With the North American Free Trade Agreement beginning January 1, 1994, the Foreign Investment Act of 1993 was passed by the Mexican congress to promote foreign investment into Mexico. This law allowed foreigners to own 100% of the shares of a corporation and purchase property. As a foreigner, you can acquire irrevocable and absolute ownership rights to Property in Mexico through a 50 year, and can be renewed every 50 years indefinitely, perpetually irrevocable and transferable Fideicomiso Trust. This enabled foreigners, as beneficiaries of the trusts, to legally enjoy unrestricted use of land located in the restricted area.

The Fideicomiso has couple of advantages of the bank trust. One is avoidance of probate and teh second is transfer tax upon sale of Real Estate in Mexico.

How it works. Upon the purchase of Real Estate in Mexico through a Fideicomiso, the Mexican government issues a permit to a Mexican bank of the buyer's choice. The property Title is then delivered to a Mexican Bank which acts a "Trustee". The Bank then designates the buyers as the beneficiary of the trust. The beneficiary now can use the property. The Beneficiary has the same rights to lease, mortgaging, selling, inheriting, willing and improving the land as any other Real Estate owner in Mexico.

What Does a Bank do? There are selected banks that are authorized by the Mexican government to hold the Real Estate Fideicomiso. The process of getting authorization is very strict. The bank reviews property documents to ensure that they are complete and legal. Remember, you can tarnsfer Fideicomiso to any authorised Bank. The Property bought in Mexico under Fideicomiso cannot be expropriated by Mexican Government except for public purpose. In such cases Mexican Government has to pay market price with any interest accrued.
What does it costs? The costs incurred include:-

1) Permit Fees from Secretary of Foreign Affairs, Mexico
2) Registration fees with National registry, Mexico City
3) Annual Administration fees for the first year (depending on the bank)
4) The Bank acceptance Fees
5) 10% IVA tax
6) Closing costs which include the title search, appraisal fees, notary fees for the deed, tax certificate, filing fees, transfer taxes(2% of the purchase price) and recording fees.

Hope this clears lot of doubts from a prospective Foreigner Buyer interested in Buying Real Estate in Mexico. If you still need a few questions answered about how it works, please call us. We will be happy to go over it personally.

Tom Budniak operates, owns, and manages Realty Executives Mexican Carribean here in Playa Del Carmen, Mexico. Tom's office is considered by many in the industry to be the top office in the Playa Del Carmen. Tom, from Realty Executives Vallarta and Mexican Caribbean is a Certified Member of RMRE and MLS 4 Riviera Maya. Check out all of the resources available through Tom and Realty Executives Mexican Carribean.

CALL US TODAY!!!


REALTY EXECUTIVES MEXICAN CARIBBEAN
Avenida Constituyentes y 5th Ave.
PLAYA DEL CARMEN, Quintana Roo,
Mexico Toll Free 1-800-471-0608 ext.5 US/Canada 1-310-492-5115
Email: tom.realtyexecutives@gmail.com



Wednesday, February 7, 2007

Financing Property In Mexico


Investment in many cases today, most property/real-estate deals in Mexico are cash only. Mexican Banks are now beginning to offer mortgage products for the purchase of real estate in Mexico, although 30-40% deposits are required and interest rates are not as attractive as those in the US, Canada and Europe.

There are some banks in the US who are now offering mortgages on Mexican Property, but they are usually offered on the back of equity built up in a property in the USA and the rates are higher on the additional loan amount, to reflect the additional risk. Many Americans HAVE mortgaged a house in Mexico using this financial vehicle so it is possible.


Financing in Mexico is still difficult and relatively expensive, so if you plan to buy real-estate in Mexico you will be well advised to have your own foreign funding available; either through an equity-release scheme or other fund. Some people who are planning to retire to Mexico will sell their house in their home country and use the proceeds to finance property in Mexico; those who want to keep a 'base back home' may release equity from their existing home, rent it out, and use the dual proceeds to fund their retirement home in Mexico.


It's important to think carefully beforehand about how you are going to finance your property in Mexico. A RealEstate Agent in Mexico may be able to advise you, and some even have connections with financial institutions in the USA who can proffer solutions depending on your personal circumstances.

Monday, January 29, 2007

Real Estate Guide for Mexico


Buying property in Mexico, whether its land, an Condo or a Villa, can offer great value for money in comparison to prices in the USA and Europe, although prices in some areas have appreciated dramatically in recent years and care should be taken in assessing a property's true value. Mexico's land costs can be lower, building and maintenance is cheaper, cost of ownership (taxes, utilities) is very low and the overwhelming majority of all real estate deals go through legally and smoothly.

The reasons to buy Real Estate in Mexico could be many. Perhaps you will be living in Mexico for some years and you see long term rental as 'wasted' money, or perhaps you're looking for an overseas property investment that will surrender a rental income, while providing you with a place to stay on holiday when you visit.

There are excellent properties located in Playa del Carmen, Cancun, Puerto Vallarta for outright buying or timesharing.

Property values in Mexico tend to increase year-on-year, but in many places (with notable exceptions in popular cities and coastal areas) not as significantly as prices have risen in the US and Europe in the last few years. And as with all property, the relative value and appeal of land and property in Mexico comes down to the three key factors: location, location, location.

Another important factor to consider when buying Real Estate in Mexico is the developed state of local and surrounding infrastructure in the location you're looking at. Not all areas are well developed, and property prices will be cheaper in those that are not. However if, for example, a high speed road is built connecting a previously 'remote' location to other, better developed places, you may see a property investment in that area increase substantially.
Transport infrastructure is improving every year, with most major places now adequately connected, and work continues to connect the more remote areas, but this will take time.


If you're considering the purchase of Real Estate in Mexico, you will need to undertake extensive research, choose your location and property very carefully, and ensure that you hire the Right Real Estate Professionals and that the letter of the law is followed. Thousands and thousands of foreigners have successfully purchased land and property in Mexico.With the right approach and plenty of homework, there is no reason why you should not become one of them if you want to.