How do you calculate the annual property taxes in Mexico? Although the tax is very small, I’m providing this information to show how different the system is here in Mexico when compared to the United States. Also because in the US it’s possible to identify the sales price of a property if you know the [...]
I attended the annual NAR convention this past week in Anaheim, California and was very excited to see and hear so much positive comments about the direction of the US Real Estate market. Below is a great article from Kerry Curry who discusses the comments made by Lawrence Yun the Chief Economist for the National [...]
3. Buyer doesn’t register the sale when the Seller is carrying paper As the real estate market continues to change, sellers and their real estate agents get creative in order to sell their properties. Since many prospective buyers cannot qualify for conventional loans the idea comes about for the Seller to carry paper. As an [...]
The argument, “Well, in the States . . . “ doesn’t get you very far. If anything, it just emphasizes how little you know about Mexico. This is especially true in the resort destinations of Mexico, because many people speak English. With the language barriers removed, a false sense of security is created and it’s [...]
A recent rash of calls have come into my office either asking First Title Services to start working on a new closing or to help verify if the Buyer in question is legitimate. With the dramatic slowdown in real estate transactions over the past three years, both Sellers and Agents (and First Title Services) feel [...]
In this first session of “Smart Mexico Real Estate”, your host, Ross E. Buck will be talking about the new program from First Title Services called the “Approved Listing”. This program was designed after five years of closing real estate transactions only to realize that most delays and problems in the closing process are caused [...]
Be a “Smart Buyer” and make educated decision about holding title in Mexican Real Estate. It can make a huge difference to you or your heirs when it comes time to sell your real estate assets. Let’s start by talking about the different restrictions placed on real estate based on their geographic location in Mexico. [...]
10 Painful Real Estate Mistakes made by Foreigners in Mexico As a foreigner whose lived and worked in Mexico for 6 years, I’ve seen my share of mistakes made by both myself and other foreigners. Fortunately you’re taking the time to learn how to do real estate the right way. Take advantage of my six [...]
