| Mexico is CHEAP! But its getting more expensive. | | | | in Mexico. Consequently, a foreign buyer cannot |
| As property values rise, especially in resort areas, | | | | always depend on the normal safeguards that |
| investors wonder how they can profit from | | | | would be applied to real estate transactions in the |
| this.Compared to major US cities, Mexico is still | | | | United States. The old saying "let the buyer |
| very very cheap. But compared to 5, 10, or more | | | | beware" is very appropriate. Anyone can set up a |
| years ago, values have really risen.There are | | | | real estate company in Mexico. There are no |
| some particulars to pay attention to with Mexican | | | | special requirements or brokerage licenses to |
| property purchases. For instance, Mexico forbids | | | | obtain. A would-be real estate agent merely has |
| foreigners from owning land in resort areas. This | | | | to establish a Mexican corporation, obtain a work |
| is worked around by shares in a development, | | | | visa, and he is in business.As a rule, a foreigner |
| partnerships, or strata arrangements.Foreign | | | | should assume nothing. Was THAT enough of a |
| ownership is limited only in the "restricted zone," | | | | warning to make sure to get good legal |
| land located within 100 km of the Mexican | | | | assistance in your transactions??The best part |
| borders, and within 50 km of the coastline.Instead, | | | | about investing in Mexico is the proximity to North |
| a real estate trust must be set up to hold title for | | | | American investors. You can vacation and view |
| the foreigner. Since foreigners are not able to | | | | your property, even stay in it if it is not occupied. |
| enter into contracts in buy real estate, they must | | | | Mexico has become North America's playground, |
| have a bank act on their behalf, much as a trust | | | | so it is likely that you would return every few |
| is use to hold property for minors because they | | | | years.Anywhere in Mexico that there are tourists, |
| also can not contract. Potential buyers should | | | | there are vacation properties and property |
| always get advice and have all real estate | | | | management compqanies. And realtors to re-sell |
| transactions overview by a licensed Mexican | | | | your property when you wish to take your |
| attorney.Mexican real estate transactions are not | | | | profits!Your best bet is to travel to Mexico, find |
| carried out in the same manner as United States | | | | an area that YOU really like, and will return to |
| real estate transactions. The buyer must retain | | | | again and again, happily. Then you get a two fold |
| professionals to assist in the transaction. Mexico | | | | benefit from your investment - it draws you back |
| has yet to regulate real estate transactions. Real | | | | to your version of paradise as well as hopefully |
| estate agents and brokers are not legally licensed | | | | making you money! |