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puerto vallarta real estate
puerto vallarta real estate
puerto vallarta real estate

We are a Real Estate Broker / Buyer's Agency who
will work exclusively for you, the buyer.

Buying property in Mexico involves many steps, not only finding the right villa or condo in the right area and at the right price, but also complying with a system of property ownership quite different from what is usual in one's home country.

A "Buyer's Representative" or "Buyer's Agent" is available to help you find the right property and negotiate the best price and terms.

Our Puerto Vallarta real estate articles page provides valuable information on buying and selling Puerto Vallarta real estate.

Our commitment is to provide you with a professional, care-free purchase or rental experience. Please visit our Luxury Rental pages for your vacation accommodations. All of our Puerto Vallarta vacation rentals will provide you with more comfort and privacy, and a better per person value, than standard hotels.

  • No flu in Puerto Vallarta.
  • 2006 prices for real estate.
  • 30% more buying power with the peso conversion from US dollars.
We can provide you with a one-bedroom condo on the beach, or a fully staffed private Puerto Vallarta villa with pool and tennis court. Let us help find that special retreat.

Please use our property links, villas, condos or developments to browse our exclusive Puerto Vallarta villas, homes, condos and developments for sale in and around Puerto Vallarta.

puerto vallarta real estate

real estate articles...


"I have written several articles with the purpose of educating those looking to buy or sell Puerto Vallarta real estate. The following are a few samples of these articles.
Please visit our articles archive for more related information."
Harriet Murray

What Kind of Real Estate Market Are We In?

June 1, 2009
puerto vallarta real estate
When there is uncertainty in the economic or political climate in a country, can you convince anyone to buy? As a general rule, people are always buying or selling to meet their needs. When the market shifts, the target client shifts as well.
 
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Essential Vallarta


 

“Private Property”

A country’s relationship to its land is shaped by its
culture and it’s past. Mexico’s view of land and
ownership is distinct from its two neighbors
in North America: Canada and the USA.

puerto vallarta real estate

In Mexico, there is a strong tradition of passing on the family property to heirs. Property is not a commodity, it is a legacy. This sense of legacy we see more often in Europe and South America. In the US real estate is more of a commodity to be “traded up” frequently. When I was working in the US, we used 7 years as the average time a family owned a home before they sold and moved.

Statistics show that Mexican nationals who live and work in other countries buy a home in the homeland in anticipation or retirement or to visit frequently. Eastern Europeans have also bought homes in their homelands which existed before Russia became a nation of combined states and influenced other countries near its mighty presence.

Mexico was a farming and ranching economy for hundreds of years and we still see symbolic ties to the music, costume and symbols of that era. Animal themes are frequent in the folk lore and indigenous traditions such as the Huichol. The majority of the population is mestizo who have deep roots in the tradition of land as the center of life. This tie to the land affects the cultural, political and legal differences which help define a country.

The meaning of “title of property” may be different. Historically possession of the land was most important. A properly recorded deed was nice, but not absolutely necessary. If the patriarch expected that he would pass his property onto his heirs who would continue to occupy and care for it, then “title” became less important. This long range view may be foreign to transient Americans whose family long ago lost ties with the land. Many moved into the city and began careers which never sent them back to the land.

Historically there has been the mistrust by Mexican citizens of their government. To involve the government in any way with property rights was not the preferred choice. To avoid government was to avoid interference. If there were tax advantages to not having a recorded title, it was an added benefit.

“Ownership” of Mexican lands has been influenced from a socialist perspective and not from capitalism. Ejido land is a good example. During land reform, by President Lázaro Cárdenas in the 1930’s, ejido land was created. Foreign owned lands were confiscated and peasant cooperatives were created. Ejidos were lent large parcels of land for agricultural purposes. Ejidos were not originally given the right to sell their property. Members could rent the land or sell the use of rights.

Foreigners renting ejido land might think they had stronger rights than they did. Heirs could change the relationship their parents formerly had with the renter. Rents could increase to what the ejido believed was the amount they wanted that year, irrespective of what had been charged the previous year.

Socialist traditions influence the legal concept of possession of land. Untended land may fall into the hands of squatters who take possession. If the owners of the land do not dispute the rights of the squatters for a period of time, squatters may become the owners of the land they occupy.

Fencing and guarding of private land became a common practice to avoid invasion by squatters. Squatter rights were common problems in the little populated parts of the country until the mid 1980’s. There was a political risk to openly offending the invaders, even though the government may be sympathetic to property owners. This dichotomy created anger and unrest.

In modern times, squatters known as “paracaidistas" (paratroopers) “drop" themselves onto unoccupied lands in large cities. Because the most valuable property is located near the downtowns of the cities, the "paracaidistas" usually establish slums on unoccupied lands at the outskirts of the cities.

Under Mexican law an individual may take legal possession of a property after five years of peaceful occupation. Many of these "paracaidistas" squatters' establish themselves with the hope that the legal owner will not discover them nor expel them before five years have passed. Large extensions of many Mexican cities were established originally as squats, for example Nezahualcoyotl in Mexico City.

The political and historic gringo view of protecting "private property" is based on a capitalist tradition and is a model quite different from the more socialist view of land in Mexico. If you are not working or occupying all of your land, you may have too much. Why not share it with your less fortunate countrymen?

This article is based upon legal opinions, current practices and my personal experiences in the Puerto Vallarta-Bahia de Banderas areas. I recommend that each potential buyer or seller of Mexican real estate conduct his own due diligence and review of real estate in Mexico.

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