Monday, February 28, 2011

New Tourism Promotion Campaign Boosts the La Paz Real Estate Region

The La Paz  Hotel and Tourism Association (Emprhotur) met recently to review and approve its marketing and promotional budget for 2011.  The La Paz real estate market benefits from such programs as the regional attractions are promoted to tourists and second home buyers.   The budget had been approved by the Association’s technical committee in December. At the General Assembly presided over by Pedro Aguilar from Hotel Cantamar, the budget and marketing plan was approved in detail.

Funds generated by the 3% hospitality tax, plus money coming from a coalition of businesses are in a fideicomiso. (Trust Fund) and are used to promote La Paz as a tourist destination.

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Sunday, February 27, 2011

How to Save Money through Mexico Retirement; The Cost of Living

From the very onset of choosing a Mexico retirement, you  are choosing amongst thousands of other Americans and Canadians who have discovered that living in Mexico is not only warm with access to an excellent quality of life, as well as rich culture and history, but also much less expensive than retirement back home.

The first way in which you will find very significant savings is through your Mexico real estate purchase.  In addition to a wide variety of properties which offers something for every budget, all property choices will be significantly less than similar choice back home.  Items such as maintenance, improvement (renovation, expansion or adaptation for retirement living), taxes and utilities will also be considerably less on your Mexican retirement property.

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Saturday, February 26, 2011

TOP DEALS; Playa del Carmen Home for sale is $385 thousand below Bank Appraisal

$385,000 BELOW BANK APPRAISAL

This newly listed beautiful large Playa del Carmen homes for sale is located in the prestigious Club Real community within the most popular gated residential neighborhood in Playa del Carmen, called Playacar.

That is over a 30% reduction and just today reduced by $100,000 to $790,000.

Playa del Carmen properties that have been reduced drastically are now being show cased in a simple to find web page called    TOP DEALS.  click here to learn more ( Mexico Real Estate Deals )

 

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Wednesday, February 23, 2011

What makes a Mexico real estate contract legal and binding?

An Agreement is defined by Mexican Legislation and the Mexico law as a voluntary pact to create, transfer, modify and/or extinguish rights or obligations; furthermore The Federal Mexican Civil Code and legal doctrine establishes that an agreement is binding when the following elements are met:
Existence Items.- These are the most primitive and essential elements which any legal Mexico real estate contract or agreement must be provided with:
a) Consensus.- The express or tacit will of  the parties to execute an agreement;
b) Object.- The agreement’s goal must be determined or determinable from a physical and legal point of view (i.e. transmission of rights and obligations, to grant, to refrain from doing, to do).

Video Tour of Condos in Playa del Carmen for $135,000

This is a new video that should warm you up from those cold below zero wind chill factor blues.   These Playa del Carmen condos for sale are located only about 5 minutes north of the 5th avenue zone.  It is very quiet, they are in a closed gated community, and as many of you ask “they are on the beachside of the highway”.   It is hard to go wrong at this price point especially since they are smack in between an upscale neighborhood with high end hotels up and down the beaches in this part of Playa del Carmen.

How to Save Money through Mexico Retirement; Choosing Your Property

Whichever way you look at it, Mexico retirement properties offer you as a retiree savings; even if you are looking at a home worth five hundred thousand dollars here, a similar home on a warm beachfront back in the U.S. would be selling for millions.
On the other hand, for those really buying on a budget, Mexico real estate offers a high level of comfort for very accessible prices.  The following are a few options to consider to save money when buying your Mexico retirement property:
Land Purchases
Those with a couple of years before retirement could, for example, consider investing in a cheap Mexico beachfront lot.  Lots in up-and-coming tourist areas can be found for as low as $50,000 USD, and sometimes less; these are lots that are directly on the beachfront, with connections, good road access and all necessary services nearby.  The state of Campeche is a good example of where good quality, inexpensive lots have been available.
A comfortable, high-quality home can usually be built for around $100,000 USD, for a total cost of under $175,000 (lot, building and miscellaneous expenses); owning a single lot, custom home on the beach for anywhere near this price is simply unheard back home!
Lots a little back from the beach can be found in places like Tulum, where land for sale is currently a significant factor in the market.  Developments range from very modern with wide roads and underground fiber-optic communications, to off-the-grid eco-focused communities.  In all cases, you  can save significant funds to enjoy during retirement by buying land early and having their own home built.  What’s more, you get to have your own personal dream home designed!...

Mexico AMPI National Inauguration, New Leadership

The Mexican Association of Mexican Real Estate Professionals (AMPI) has a new President. Adan Larracilla of Puebla, Puebla, has been sworn in, replacing outgoing President Hector Obregon of Leon, Guanajuato Also at the ceremony, Sergio Gomez became AMPI’s new Vice President and ten members representing a broad cross section of the Republic, joined the National Advisory Board. Jose Oscar Vega from the Secretary of the federal Government, representing President Felipe Calderon, presided at the ceremony.
Outgoing President Obregon reported on AMPI’s activities last year, its 55th year of operation. Several new Sections throughout the Mexico real estate market have been established with AMPI now having Sections in 64 cities. A major accomplishment was the establishment of AMPI’s new Training and Statistics Institute. He also reported he had breakfast earlier in the day with fifteen AMPI Past Presidents New President Larracilla outlined his goals and aspirations for 2011.
Jose Oscar Vegas had three messages for AMPI. First, he reported that the current Government is in full support of AMPI and its contribution to the housing industry.  There are too many. “ coyotes” and too much fraud in the real estate industry. . Second he spoke about the need to “regularize” the real estate industry. Here he referred to the need for licensing and mentioned the handful of states that have a law governing real estate. The third theme was “trato directo” which basically is the For Sale by Owner market. He said, “This is a risky proposition.”
Also speaking at the TOMA was Adrian Arriaga, CIPS, CCIM.  Adrian, a past Ambassador from the National Association of Realtors® (NAR) to AMPI and a member of the Texas Real Estate Commission,  is the currently  Chair of NAR’s Global Business Alliances Group. He brought greetings from NAR President. Ron Phipps. NOTE: AMPI and NAR signed a joint venture agreement in 2006. Under the agreement, AMPI members can legally use the word REALTOR®
The event was held at the Hacienda de Los Morales, in Mexico, D.F.
A cocktail-reception followed the inauguration. It was attended by over 300 people including political and real estate industry dignitaries.
Immediately before the TOMA the Mexican Section of The International Real Estate Federation (FIABCI) gathered for a short meeting. During our FIABCI meeting Adolfo Kunz made a review of all his years in FIABCI.. He fondly remembered the World Congresses held in Mexico in the 60’s and 80’s, and his wonderful experiences meeting dignitaries from all over the world in Europe, South America, Canada, and the U.S.A., and different business opportunities he encountered through his FIABCI Membership. Adolfo, an attorney, is a Past President of FIABCI Mexico and was a Deputy in Mexico’s Congress.
Author John Glaab CIPS is a founding member of AMPI Los Cabos. A Certified International Property Specialist he is active in the National Association of Realtors® Global Business Alliances Group.  John was recently appointed as a member of Amp’s International Relations Committee. for more information (512)-879-6546 THE www.TOPmexicorealestate.com NETWORK

Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”

Tuesday, February 1, 2011

Tulum Real Estate Region’s Airport Update

Tulum Real Estate Region’s Airport Update

Some updates for the Tulum real estate region.  The new international airport has been causing much attention to this little village along the Mexican Caribbean.  The latest news on this subject is that ASUR, the airport operator for the Cancun airport and Cozumel airport is out of the bidding for the construction and operation of the Tulum Airport.