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Real Estate

MEXLAW > Real Estate (Page 2)

Merida´s Colonial Homes: Conservation of Pasta Tiles

Merida’s expats and visitors are investing in neglected colonial homes and mansions. Foreigners are purchasing these properties at a low price and restoring them to their former glory. In fact, there is an initiative in Merida for the recovery and conservation of these historic homes, which may include tax breaks for qualified properties. One of the first characteristics you notice about these homes is the flooring, and if the restoration is intended to preserve the home’s history, it includes handmade pasta floor tiles. The term “pasta floor” does not mean someone dropped spaghetti on the floor. The term refers to...

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Mortgaging Real Estate Investments in Mexico

Mexico is the most popular country for Canadians and U.S. citizens looking for a second home or retirement investment. The cost of investing, taxes, and maintenance are considerably lower in Mexico. Most foreigners move to Mexico for the culture, food, and the weather, but for many others finances play the key role, realizing their nest egg may not be adequate for them to retire comfortably. You can enjoy a greater quality of life living on a fixed income in Mexico. One of the advantages of purchasing Mexican real estate is that it will practically pay for itself with the potential to...

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A Specialized Attorney: A Tool of Legal Certainty in a Real Estate Transaction

The real estate market has become more competitive and presents greater difficulties to settle a real estate transaction due to external factors such as economic situations, crime rates, social-political facts along with the typical uncertainties and challenges of acquisition itself. Foreigners lack knowledge regarding the process of purchasing property overseas, and many questions arise: How can a foreigner acquire property in Mexico? What are the steps of obtaining the title deed of the property? Is the seller entitled to sell the property? Who will be involved in the transaction and what are the functions of each?  Can the seller guarantee...

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Mexico Ranks Number One in Online Real Estate Search

When people living in the US are searching for a second home to purchase, Mexico appears to be the favorite investment location. The real estate website Point2Homes researched the most popular real estate searches of people living in the US and looking for a second home. Their article states that they tracked the Google searches from January 2017 to January 2018. Their research included keywords, homes for sale abroad and in countries in the Americas. The most popular search was Mexico at 63,890 monthly searches from US users. 64,000 monthly searches for real estate in Mexico during 2017, ranking it...

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Generate Income From Seller Financing

Most people would agree that selling your home is one of the most stressful events in one's life. It is time consuming, emotional, and a lot of work with repairs and touch-ups. Also, the endless housekeeping to make sure it is presentable for viewing at all times and leaving the property each time a realtor calls. It feels as though your life is literally on hold, just waiting for the big sale so you can walk away and begin a new chapter in your life. It is no wonder most of us just want it over and done with it....

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