Drop in number of visitors to area by 250,000
2008 was a difficult year for Puerto Penasco, Mexico in the area of tourism as 250,000 fewer visitors made there way to the area compared to the year before. This decreased represents a drop of at least 16% and had a domino affect throughout the city, reports Rafael Gonzalez Valenzuela, Director of the City Convention and Visitors Bureau (OCV).
The OCV Director stated that, according to report from the port of entry in Lukeville, Arizona, which is the principal port accessing Penasco, they registered nearly 1.3 million foreigners passing through, when compared to 1.55 million in 2007.
He indicated in the area of national tourism the situation was a bit different, as the numbers of visitors in this realm was maintained at nearly 1.75 million. Nevertheless, this phenomenon was not sufficient to reverse the negative impact of the drop in foreign tourism.
Gonzalez Valenzuela explained in the area of hotel occupancy, 2008 ended with an average of 43%, compared to 58% from the previous year, reflecting a 15 point drop.
Base on this, he added, the final evaluation highlight 2008 was generally a poor year for Puerto Penasco (Rocky Point).
Among expectations for 2009, which is sure to be a complicated year and one in which it will be difficult for the situation to improve, they are still anticipating results from the intensive campaign to be carried out in California following the opening up of the coastal highway.
Gonzalez Valenzuela stated they have not done a full evaluation concerning the negative economic impact due to the drop in foreign tourism, but undoubtedly this has taken its toll on practically all service providers and businesses in the city.
The OCV Director remarked that based on this, the task is to strengthen promotional campaigns in order to promote the area in any way possible, given that the economic crisis is likely to last through 2009.
VisitRockyPoint.com is the right spot to start your vacation. It is a Beautiful Mexican Resort with comfortable beachfront Homes. A complete guide to Rocky Point Mexico Rentals, Puerto Penasco Hotels, Restaurants, Rocky Point Condos, Villas and Vacation Rental Properties in Mexico, Rocky Point Vacation Rentals in Mexico.
Welcome to Sea Side Shuttle Service in Rocky Point, Mexico. We can arrange all of your vacation needs from Puerto Penasco Transportation, Shuttles from Phoenix to Rocky Point, accommodations, activities, and Real Estate needs.
Mexico Realty Executives assist you in purchasing Real Estate in Mexico, Mexico homes for sale and setting up your own Mexico Real Estate Franchise.
Monday, March 30, 2009
Saturday, March 28, 2009
Financing Homes in Mexico - Baby Boomers are starting to get it
For those that want to stretch their equity, there are now options for USA financing of Homes in Mexico. Baby Boomers can sell their current homes and place only a portion of the proceeds into their home in Mexico as a down payment. Monthly payments will often be much less than their current payment on their “Raised the Children In” home.
When choosing vacation properties for the intention of making it a retirement home, however, the results are a bit surprising. One might assume that many people will choose golf course locations or beach side resorts. While this is still a popular option, many Baby Boomers are choosing their property based on the availability of quality health care. The Baby Boomers who participated in various studies cited that rural areas where they could get affordable health care quickly was more important than the proximity to their favorite past time. However, as this generation throughout their lives has become accustomed to, they want it all. In Mexico, they get it all. Access to affordable high quality medical facilities as well as the beach lifestyle that they have been looking for. Many are choosing to settle in residential resort communities in Mexico that are only a short drive from the USA like Rosarito Beach, Ensenada, San Felipe and Puerto Penasco, for that additional peace of mind.
Savvy developers have imported the technology of “Residential Resort Lifestyles” - a true-blue American concept -into the country, with the result that for Baby Boomers, a home in a resort in Mexico is truly a home away from home. These residential resorts are typically located by the seaside with all amenities that one can imagine-swimming pools, a community center, recreation hall, easy commuting distance to a golf course, theater, bar and restaurants, pizza, shopping mall, launderettes, and wi-fi internet service. With the ocean before them, water sports are of course emphasized. These facilities ensure that a residential resort home owner need not really step out too far from their door for socializing, relaxation and enjoyment.
Homes in these residential resorts are usually custom-designed and well constructed. While planning the home design, architects and building contractors are required to follow strict guidelines that adhere to the best U.S. standards of construction, including height regulations thereby respecting their neighbor's ocean and mountain views. People who may have spent their life in cramped conditions, or perhaps had to adjust with rented homes while working in cities get the chance to let their imagination soar and bring to reality their dreams about the seaside home they have always wanted.
Ownership of residential land in Mexico for non-nationals is thought a vehicle known as “Fideicomiso”. The Fideicomiso is akin to an USA Living Trust, whose basis is the Trust whose basis is the Trust system of ownership. It is through a Fideicomiso that Baby Boomers have been acquiring absolute ownership rights to Property in Mexico. Baby Boomers need to make sure that by a professional title insurance company that takes could possibly and conceivably arise. This protects the nest that takes into account all the issues and eventualities that could possibly and conceivably arise. This protects the nest that the Baby Boomers is so assiduously building for themselves, post retirement.
It has begun to happen-Prospective retirees are buying their dream houses along the serene and peaceful coasts of Northwest Mexico. While waiting for the big day when they actually retire, these Baby Boomers snatch long weekends from their hectic schedule and can drive to their seaside vacation home. The moments spent at the waterfront are so relaxing and rejuvenating.
VisitRockyPoint.com is the right spot to start your vacation. It is a Beautiful Mexican Resort with comfortable beachfront Homes. A complete guide to Rocky Point Mexico Rentals, Puerto Penasco Hotels, Restaurants, Rocky Point Condos, Villas and Vacation Rental Properties in Mexico, Rocky Point Vacation Rentals in Mexico.
Welcome to Sea Side Shuttle Service in Rocky Point, Mexico. We can arrange all of your vacation needs from Puerto Penasco Transportation, Shuttles from Phoenix to Rocky Point, accommodations, activities, and Real Estate needs.
Mexico Realty Executives assist you in purchasing Real Estate in Mexico, Mexico homes for sale and setting up your own Mexico Real Estate Franchise.
When choosing vacation properties for the intention of making it a retirement home, however, the results are a bit surprising. One might assume that many people will choose golf course locations or beach side resorts. While this is still a popular option, many Baby Boomers are choosing their property based on the availability of quality health care. The Baby Boomers who participated in various studies cited that rural areas where they could get affordable health care quickly was more important than the proximity to their favorite past time. However, as this generation throughout their lives has become accustomed to, they want it all. In Mexico, they get it all. Access to affordable high quality medical facilities as well as the beach lifestyle that they have been looking for. Many are choosing to settle in residential resort communities in Mexico that are only a short drive from the USA like Rosarito Beach, Ensenada, San Felipe and Puerto Penasco, for that additional peace of mind.
Savvy developers have imported the technology of “Residential Resort Lifestyles” - a true-blue American concept -into the country, with the result that for Baby Boomers, a home in a resort in Mexico is truly a home away from home. These residential resorts are typically located by the seaside with all amenities that one can imagine-swimming pools, a community center, recreation hall, easy commuting distance to a golf course, theater, bar and restaurants, pizza, shopping mall, launderettes, and wi-fi internet service. With the ocean before them, water sports are of course emphasized. These facilities ensure that a residential resort home owner need not really step out too far from their door for socializing, relaxation and enjoyment.
Homes in these residential resorts are usually custom-designed and well constructed. While planning the home design, architects and building contractors are required to follow strict guidelines that adhere to the best U.S. standards of construction, including height regulations thereby respecting their neighbor's ocean and mountain views. People who may have spent their life in cramped conditions, or perhaps had to adjust with rented homes while working in cities get the chance to let their imagination soar and bring to reality their dreams about the seaside home they have always wanted.
Ownership of residential land in Mexico for non-nationals is thought a vehicle known as “Fideicomiso”. The Fideicomiso is akin to an USA Living Trust, whose basis is the Trust whose basis is the Trust system of ownership. It is through a Fideicomiso that Baby Boomers have been acquiring absolute ownership rights to Property in Mexico. Baby Boomers need to make sure that by a professional title insurance company that takes could possibly and conceivably arise. This protects the nest that takes into account all the issues and eventualities that could possibly and conceivably arise. This protects the nest that the Baby Boomers is so assiduously building for themselves, post retirement.
It has begun to happen-Prospective retirees are buying their dream houses along the serene and peaceful coasts of Northwest Mexico. While waiting for the big day when they actually retire, these Baby Boomers snatch long weekends from their hectic schedule and can drive to their seaside vacation home. The moments spent at the waterfront are so relaxing and rejuvenating.
VisitRockyPoint.com is the right spot to start your vacation. It is a Beautiful Mexican Resort with comfortable beachfront Homes. A complete guide to Rocky Point Mexico Rentals, Puerto Penasco Hotels, Restaurants, Rocky Point Condos, Villas and Vacation Rental Properties in Mexico, Rocky Point Vacation Rentals in Mexico.
Welcome to Sea Side Shuttle Service in Rocky Point, Mexico. We can arrange all of your vacation needs from Puerto Penasco Transportation, Shuttles from Phoenix to Rocky Point, accommodations, activities, and Real Estate needs.
Mexico Realty Executives assist you in purchasing Real Estate in Mexico, Mexico homes for sale and setting up your own Mexico Real Estate Franchise.
Tuesday, March 24, 2009
Retirement Homes in Mexico - Baby Boomers are Starting to Get it
The Generation of Baby Boomers who have experienced the most exciting and economically prosperous of all times are starting to look for retirement Properties in Mexico. They want to take their current home equities and leverage them into seaside resort living with all the relaxation and recreational amenities that they have always dreamed about. Most need to look towards Mexico for affordable beach homes, easy living, and excellent medical facilities.
Of all the generations that span the history of mankind, it is the Baby Boomers who have experienced the most exciting and economically prosperous times of all. Babies born immediately after the World War ended witnessed the economy of the country shifting gears-from war mode and war mood to business mode and business mood. As the rest of world became busy in repairing its war-worn cities and fractured economies, businesses in United States enjoyed unprecedented boom time, with overfilled order books that ensured prosperity and wealth to its citizenry for decades to come.
Various studies and researches have thrown up interesting facts. Baby Boomers usually expect to be retired by the time they reach 65. This means that in another five years from now, the first waves of this generation will start moving towards the Mexico Vacation Homes that they have so craved all their life. Almost 60% of the survey respondents want their vacation homes to be away from an urban setting, and almost 50% said that they preferred living in an age-restricted community. Many are planning on selling their current homes that have greatly appreciated in value. For some this equity is a large part of their retirement planning. The trick is to find a dream home that will allow them to utilize this equity as part of their living expenses.
After spending a lifetime chasing money in crowded, polluted, and stuffy offices and factory floors in busy cities, Baby Boomer generation longs for life that is totally different. A deeper analysis of the numbers thrown up by all the surveys quoted above reveals that people in the age group from forty to sixty have made up their mind - well, at least a majority of them-to shift away from their present home which has so well served its purpose and utility. But it is time now, folks, to move on. To enjoy the goodies that this world has to offer. To be in the lap of Mother Nature, and yet enjoy the material comforts that money in the bank can buy.
This perception has driven the Baby Boomers towards climes that are relaxing and soothing to the body and the mind. Mexico has long been an attractive destination, with its exotic locales, sunny weather, intriguing history, and familiar culture plus of course its proximity to the home country, which is a bonus. The NAFTA agreement between Canada , the USA and Mexico (initiated by yet another Baby Boomer, Bill Clinton), signed in 1994, opened up the possibility of Mexico becoming a favorite place to retire. Today, more than a million Americans have chosen Mexico as their home; indeed it is the largest group of Americans residing anywhere on the planet outside the U.S. And a majority of this residents and investors are Baby Boomers.
So be a part of this great opportunity and plan to spend your rest of life in a heavenly abode in Mexico.
MexicoSummer offers personalized assistance with Cancun Real Estate, Puerto Vallarta Real Estate in Mexico. The #1 Mexico Real Estate site offers a full range of Real Estate sevices for luxury vacation Villas, Condominiums in Mexico. If you are looking for any property in Mexico, just contact us. We will find it for you!
Of all the generations that span the history of mankind, it is the Baby Boomers who have experienced the most exciting and economically prosperous times of all. Babies born immediately after the World War ended witnessed the economy of the country shifting gears-from war mode and war mood to business mode and business mood. As the rest of world became busy in repairing its war-worn cities and fractured economies, businesses in United States enjoyed unprecedented boom time, with overfilled order books that ensured prosperity and wealth to its citizenry for decades to come.
Various studies and researches have thrown up interesting facts. Baby Boomers usually expect to be retired by the time they reach 65. This means that in another five years from now, the first waves of this generation will start moving towards the Mexico Vacation Homes that they have so craved all their life. Almost 60% of the survey respondents want their vacation homes to be away from an urban setting, and almost 50% said that they preferred living in an age-restricted community. Many are planning on selling their current homes that have greatly appreciated in value. For some this equity is a large part of their retirement planning. The trick is to find a dream home that will allow them to utilize this equity as part of their living expenses.
After spending a lifetime chasing money in crowded, polluted, and stuffy offices and factory floors in busy cities, Baby Boomer generation longs for life that is totally different. A deeper analysis of the numbers thrown up by all the surveys quoted above reveals that people in the age group from forty to sixty have made up their mind - well, at least a majority of them-to shift away from their present home which has so well served its purpose and utility. But it is time now, folks, to move on. To enjoy the goodies that this world has to offer. To be in the lap of Mother Nature, and yet enjoy the material comforts that money in the bank can buy.
This perception has driven the Baby Boomers towards climes that are relaxing and soothing to the body and the mind. Mexico has long been an attractive destination, with its exotic locales, sunny weather, intriguing history, and familiar culture plus of course its proximity to the home country, which is a bonus. The NAFTA agreement between Canada , the USA and Mexico (initiated by yet another Baby Boomer, Bill Clinton), signed in 1994, opened up the possibility of Mexico becoming a favorite place to retire. Today, more than a million Americans have chosen Mexico as their home; indeed it is the largest group of Americans residing anywhere on the planet outside the U.S. And a majority of this residents and investors are Baby Boomers.
So be a part of this great opportunity and plan to spend your rest of life in a heavenly abode in Mexico.
MexicoSummer offers personalized assistance with Cancun Real Estate, Puerto Vallarta Real Estate in Mexico. The #1 Mexico Real Estate site offers a full range of Real Estate sevices for luxury vacation Villas, Condominiums in Mexico. If you are looking for any property in Mexico, just contact us. We will find it for you!
Thursday, March 19, 2009
Lava Flows Visible from New Pinacate, Mexico
Bet you don't know what's happening out in the middle of the Sonoran Desert right now, do ya? Yes, we all know that the snakes and reptiles are out, sunbathing and waiting for the next unsuspecting tourist or hiker to pass by before giving them the scare of their life. This “thing” is so big that it covers over 8,000 square feet and looks out over recent lava flows and those beautiful, tempting sand dunes.
In between Puerto Penasco and Sonoyta, Mexico, just outside a little town called Nayarit sits the most wonderful place in the Sonoran Desert. The Pinacate Biosphere Reserve is so richly diverse that it houses a variety of different plant life and wildlife, including the endangered Sonoran Pronghorn.
If you're lucky, as you drive toward Rocky Point on Hwy. 8, you might catch sight of a big horn sheep off in the distance walking along the side of a mountain. Most of you pass right by the green sign that tells you that a world of discovery and adventure is just a little way up the dusty trail. More of you have probably taken notice within the last year or so when all of the signs and fences started going up to protect the area from vehicles. It took them a long time to be recognized as a Biosphere Reserve and it seems now is something finally come of it.
Along with housing great hiking and camping spots, the Pinacates is also home to volcanic craters such as the Cerro Colorado and the Elegante. They are massive when you get to stand on the edge of them and look down. The area is more commonly known for its peaks and craters, but there are a ton of people (biologists, botanists, etc.) who are thrilled at studying the diverse life (animal and plant) that can survive in such harsh conditions. (when you're sweating in Phoenix or Penasco, they are boiling at the Reserve, there has even been snow spotted on top of the peaks – believe it or not!)
Their new cultural and visitor's center will contain a wealth of information and services such as those found at Organ Pipe Cactus National Monument, Cabeza Prieta national wildlife refuge and many other protected areas around the world. The lobby will contain all kinds of information about the area – the plants you will come across, the reptiles you might meet and the flying insects that might try to bite you during the night. The building will contain lots of photos, drawings, models and museum quality pieces – artifacts are often found in the area (please don't remove them).
The center will be a wealth of cultural and historical information – from the library to the auditorium. There will be an onsite cafeteria, restrooms, a desert botanical garden and telescopes to view the beautiful scenery from.
Their cultural and visitor's center will be a great addition for those who like to learn more about the area, nature or just want a diversion or fun activity.
Enovabiz Solutions is a professional Mexico SEO Company offering SEO consultancy. We provide exclusive Rocky Point SEO and online marketing. For exclusive Arizona SEO Services contact us now. Our SEO packages suit every budget and business.
In between Puerto Penasco and Sonoyta, Mexico, just outside a little town called Nayarit sits the most wonderful place in the Sonoran Desert. The Pinacate Biosphere Reserve is so richly diverse that it houses a variety of different plant life and wildlife, including the endangered Sonoran Pronghorn.
If you're lucky, as you drive toward Rocky Point on Hwy. 8, you might catch sight of a big horn sheep off in the distance walking along the side of a mountain. Most of you pass right by the green sign that tells you that a world of discovery and adventure is just a little way up the dusty trail. More of you have probably taken notice within the last year or so when all of the signs and fences started going up to protect the area from vehicles. It took them a long time to be recognized as a Biosphere Reserve and it seems now is something finally come of it.
Along with housing great hiking and camping spots, the Pinacates is also home to volcanic craters such as the Cerro Colorado and the Elegante. They are massive when you get to stand on the edge of them and look down. The area is more commonly known for its peaks and craters, but there are a ton of people (biologists, botanists, etc.) who are thrilled at studying the diverse life (animal and plant) that can survive in such harsh conditions. (when you're sweating in Phoenix or Penasco, they are boiling at the Reserve, there has even been snow spotted on top of the peaks – believe it or not!)
Their new cultural and visitor's center will contain a wealth of information and services such as those found at Organ Pipe Cactus National Monument, Cabeza Prieta national wildlife refuge and many other protected areas around the world. The lobby will contain all kinds of information about the area – the plants you will come across, the reptiles you might meet and the flying insects that might try to bite you during the night. The building will contain lots of photos, drawings, models and museum quality pieces – artifacts are often found in the area (please don't remove them).
The center will be a wealth of cultural and historical information – from the library to the auditorium. There will be an onsite cafeteria, restrooms, a desert botanical garden and telescopes to view the beautiful scenery from.
Their cultural and visitor's center will be a great addition for those who like to learn more about the area, nature or just want a diversion or fun activity.
Enovabiz Solutions is a professional Mexico SEO Company offering SEO consultancy. We provide exclusive Rocky Point SEO and online marketing. For exclusive Arizona SEO Services contact us now. Our SEO packages suit every budget and business.
Friday, March 6, 2009
Retiring Baby Boomers will find more advantages in Rocky Point Mexico
Everyday more people join the ranks of retirees living like royalty on tiny budgets in Mexico. Mexico is the preferred location for Americans living abroad. Twenty five percent of one million of the four million Americans living abroad live in Mexico and why not! You can trade in your suburban home in the U.S. for a seaside estate south of the border, live in elegance with beautiful expansive views in a relaxed lifestyle. In Mexico you can easily afford the help that makes this style of living easy.
By 2011 the first wave of baby boomers will retire, that's approximately 78 million people. Most of these retirees can modestly retire in the U.S, or live amazingly better in Mexico. Currently there are 25,000 north Americans retiring each year. Rocky Point, Mexico is expected to be one of the leaders in Mexico's growing retirement migration destinations.
One of the attributes that is credited for these numbers is that its relaxed and refreshing atmosphere is so close to the border. As investors consider what is important for them in retirement, the proximity to the border is important. Accessibility to an airport, ease of doing business, communication and infrastructure are also important considerations.
Because the number of retirees is soon to grow exponentially and many will be migrating south, a recent study was done to analyze the demands, travel habits and perception of Mexico as a tourist destination in Americans over 50. the study was conducted by the council for the promotion of tourist for mexico.
The list below is what was deduced, and is partly why so many savvy investors are looking here now.
1. The cost of living is lower
2. The weather is better, escaping cold climates
3. The economic and political climates are stable
4. Healthcare is excellent and affordable
5. English is widely spoken
6. Foreigners can own, buy and sell property in Mexico
7. Its close proximity to the U.S.
8. A mix of varying activities from passive to more vigorous
9. Share differing cultures, people and art
10. Beauty of surroundings
11. Reliving previous satisfactory experiences
If anybody is even considering investing in a retirement community, home or destination, they just need to spend a little time here in Mexico to realize this is it. With beautiful beaches, sunsets and so much more visual candy, coupled with the lifestyle opportunities here, this little town is simply inspiring.
The research involved in making the most important decision for your retirement is so simple. Come to Puerto Penasco, take your shoes off and stroll on the beach at sunset. But then realistically spend a little more time here, talk to people who live here and enjoy your homework.
MexicoSummer offers personalized assistance with Cancun Real Estate, Puerto Vallarta Real Estate in Mexico. The #1 Mexico Real Estate site offers a full range of Real Estate sevices for luxury vacation Villas, Condominiums in Mexico. If you are looking for any property in Mexico, just contact us. We will find it for you!
By 2011 the first wave of baby boomers will retire, that's approximately 78 million people. Most of these retirees can modestly retire in the U.S, or live amazingly better in Mexico. Currently there are 25,000 north Americans retiring each year. Rocky Point, Mexico is expected to be one of the leaders in Mexico's growing retirement migration destinations.
One of the attributes that is credited for these numbers is that its relaxed and refreshing atmosphere is so close to the border. As investors consider what is important for them in retirement, the proximity to the border is important. Accessibility to an airport, ease of doing business, communication and infrastructure are also important considerations.
Because the number of retirees is soon to grow exponentially and many will be migrating south, a recent study was done to analyze the demands, travel habits and perception of Mexico as a tourist destination in Americans over 50. the study was conducted by the council for the promotion of tourist for mexico.
The list below is what was deduced, and is partly why so many savvy investors are looking here now.
1. The cost of living is lower
2. The weather is better, escaping cold climates
3. The economic and political climates are stable
4. Healthcare is excellent and affordable
5. English is widely spoken
6. Foreigners can own, buy and sell property in Mexico
7. Its close proximity to the U.S.
8. A mix of varying activities from passive to more vigorous
9. Share differing cultures, people and art
10. Beauty of surroundings
11. Reliving previous satisfactory experiences
If anybody is even considering investing in a retirement community, home or destination, they just need to spend a little time here in Mexico to realize this is it. With beautiful beaches, sunsets and so much more visual candy, coupled with the lifestyle opportunities here, this little town is simply inspiring.
The research involved in making the most important decision for your retirement is so simple. Come to Puerto Penasco, take your shoes off and stroll on the beach at sunset. But then realistically spend a little more time here, talk to people who live here and enjoy your homework.
MexicoSummer offers personalized assistance with Cancun Real Estate, Puerto Vallarta Real Estate in Mexico. The #1 Mexico Real Estate site offers a full range of Real Estate sevices for luxury vacation Villas, Condominiums in Mexico. If you are looking for any property in Mexico, just contact us. We will find it for you!
Wednesday, March 4, 2009
Hazards of Mixing Business with Pleasure While Buying Property in Mexico
Jim Beam and three of his buddies were drinking in a bar one night and had the brilliant idea of driving their quads across the border and setting up a business in Puerto Penasco renting them. So one Friday they drove across, parked their vehicles on the beach, and put up a sign saying, “Rentals $25/HOUR”. Business was a little slow at first, so two of them decide to take a ride down the beach. Unfortunately they had been drinking a lot of beer and were not very steady drivers. They rolled over the quads, putting both the vehicles and themselves out of commission. While they were being treated, Jim rented another quad to a guy on the beach, who took off and never came back. The fourth quad was confiscated because Jim and his friends had no corporation and hence no legal status to do business in Mexico. There are several attitudes that cause problems for Americans who are trying to do business or buy homes in Mexico:
1. Party mentality. It should be possible to go on vacation in Puerto Penasco and make some money on the side. Not likely. Jim and his friends made the mistake of trying to mix vacation with business. This is an (only slightly) exaggerated situation, but I have met many, many Americans who seem to feel that they are on vacation as soon as they cross the border. This greatly hinders their ability to conduct any sort of business transaction.
2. Greed. Great bargains in Mexico can be picked up likes shells on the beach. Not true. They can be found, but it takes times and effort to make a sound investment. Larry and Rita Marino had rented a beachfront condo in Rocky Point for several years. They decide if they could buy one. The owner of the one next door happened to be there one weekend when they were and told them he'd like to sell. The price was right, and they agreed to buy it. Rita asked when they could meet with a notario to close the transaction. The owner said “Oh, we don't have to do that. It cost too much. Just give me the money and I'll have over the title. That's how is done in Mexico. Three months later Larry and Rita Returned and found their condo occupied by another family who claimed to have bought it from the same owner. He had to return to the U.S and could not be located.
3. Ignorance. That's the way it's done in Mexico. Not if it's done right. People who say this are usually trying to cut corners. Buyers should always check the details of proposed transactions or engage a reputable person to check for them. Larry and Rita gave money for the purchase of property to a complete stranger without an office or an established business. They allowed their greed to overcome their business sense and failed to follow proper procedure or even to find out what to proper procedure was.
Buying property in Mexico.
If you are an American or Canadian wanting to buy property in Mexico, here are some tips for you.
1. When you arrive in Mexico, turn off your vacation attitude and turn on your business brain. You will do better if you aren't distracted by margaritas and fun.
2. When buying property, do it right. In Puerto Penasco foreign individuals can purchase residential property with a bank trust. A Mexican corporation can own property outright, but only for business purpose. These are the only two legal ways of doing it.
3. Get a professional Mexico Real Estate Agent to represent you, preferably a member of the Puerto Penasco Association of Real Estate Agents.
MexicoSummer.com offers personalized assistance with Mexico Villa Rentals - Real Estate in Mexico. The #1 Mexico Real Estate site offers a full range of Real Estate sevices for luxury vacation villas, Weddings in Mexico, construction Condominiums in Mexico. If you are looking for any property in Mexico, just contact us. We will find it for you!
1. Party mentality. It should be possible to go on vacation in Puerto Penasco and make some money on the side. Not likely. Jim and his friends made the mistake of trying to mix vacation with business. This is an (only slightly) exaggerated situation, but I have met many, many Americans who seem to feel that they are on vacation as soon as they cross the border. This greatly hinders their ability to conduct any sort of business transaction.
2. Greed. Great bargains in Mexico can be picked up likes shells on the beach. Not true. They can be found, but it takes times and effort to make a sound investment. Larry and Rita Marino had rented a beachfront condo in Rocky Point for several years. They decide if they could buy one. The owner of the one next door happened to be there one weekend when they were and told them he'd like to sell. The price was right, and they agreed to buy it. Rita asked when they could meet with a notario to close the transaction. The owner said “Oh, we don't have to do that. It cost too much. Just give me the money and I'll have over the title. That's how is done in Mexico. Three months later Larry and Rita Returned and found their condo occupied by another family who claimed to have bought it from the same owner. He had to return to the U.S and could not be located.
3. Ignorance. That's the way it's done in Mexico. Not if it's done right. People who say this are usually trying to cut corners. Buyers should always check the details of proposed transactions or engage a reputable person to check for them. Larry and Rita gave money for the purchase of property to a complete stranger without an office or an established business. They allowed their greed to overcome their business sense and failed to follow proper procedure or even to find out what to proper procedure was.
Buying property in Mexico.
If you are an American or Canadian wanting to buy property in Mexico, here are some tips for you.
1. When you arrive in Mexico, turn off your vacation attitude and turn on your business brain. You will do better if you aren't distracted by margaritas and fun.
2. When buying property, do it right. In Puerto Penasco foreign individuals can purchase residential property with a bank trust. A Mexican corporation can own property outright, but only for business purpose. These are the only two legal ways of doing it.
3. Get a professional Mexico Real Estate Agent to represent you, preferably a member of the Puerto Penasco Association of Real Estate Agents.
MexicoSummer.com offers personalized assistance with Mexico Villa Rentals - Real Estate in Mexico. The #1 Mexico Real Estate site offers a full range of Real Estate sevices for luxury vacation villas, Weddings in Mexico, construction Condominiums in Mexico. If you are looking for any property in Mexico, just contact us. We will find it for you!
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