Luxury Beachfront Real Estate in Mexico  

Are you dreaming of owning your very own vacation home at the beach in Mexico? If so, check out Villa La Estancia which is located in the upscale Nuevo Nayarit neighborhood in Riviera Nayarit. The peaceful and safe community is also located on one of the best beaches in Banderas Bay, Mexico’s largest bay.

Our award-winning beachfront real estate has earned the AAA 4 Diamond Award each year for over a decade due to excellence. Our hotel condo concept property also has a limited number of luxurious beachfront residences for purchase. Homeowners love the perfect location, spacious residences, and resort amenities and services, too.

As a result, Villa La Estancia is very popular with expats who want a low-maintenance and luxurious vacation home on the beach in Mexico. In the meantime, read below to learn more about luxury beachfront real estate in Mexico at Villa La Estancia.

Luxury Beachfront Real Estate

When it comes to investing in real estate in Mexico, it is very important that you are selective with where you put your money. Villa La Estancia is part of the Villa Group Resorts family which is very reputable as a top resort and developer in Mexico. Our solidly constructed residences spare no attention to detail, and homeowners really love the Hacienda-style decor and finishes.

Recently, the Villa La Estancia underwent some renovations to make sure that the property remains a top choice for resort guests and high-end home buyers who want to have a vacation home at the beach. As a result, it is certain that we will continue to be awarded the AAA Four Diamond Award each year.

In terms of amenities, homeowners have access to several swimming pools, jacuzzis, a spa, a well-equipped fitness center, onsite restaurants, room service, a front desk concierge, and more.

Onsite Restaurants

One of the best parts about owning a vacation home at Villa La Estancia is the incredible restaurants. For starters, La Casona Steak House is a Mexican-style electric steakhouse that has wonderful dishes that everyone will love. Guests can sit either indoors in the air conditioning or outside on the terrace.

La Casona has a great menu with a variety of flavors and an extensive selection of steak specials and Prime Cuts including Kobe beef and New York Strips. They are also open for breakfast, and famous for their wide variety of eggs benedict dishes.

Plus, the amazing views of Banderas Bay make every dining experience even more enjoyable. For lunch, you can head to La Parilla, which serves casual poolside fare including tasty burgers, sandwiches, wraps, and seafood dishes.

Last but not least, room service is also available so you can have a gourmet meal delivered right to your front door.

Visit our restaurant’s official website.

Vacation In Paradise

Has it been too long since you and your family have enjoyed a memorable vacation together? If so, you should know that Riviera Nayarit is the perfect vacation destination. Located on the Pacific Coast in Mexico in Banderas Bay, Villa La Estancia is situated on one of the most beautiful beaches in Mexico.

There, the area enjoys wonderful weather all year so numerous outdoor activities can be enjoyed including golfing, biking, hiking, swimming, snorkeling, scuba diving, and so much more. Plus, Villa La Estancia is just 20 minutes north of Puerto Vallarta, another top tourist destination. There, you can stroll the iconic Malecon boardwalk or check out the numerous excellent restaurants, bars, and shops, too.

In addition, the Puerto Vallarta International Airport was recently renovated and there are many affordable flights to and from the States making it easier for homeowners to travel to and from their vacation home in paradise.

Are you ready to take the leap and make your dream of owning luxury beachfront real estate in Mexico come true? If so, contact us at Villa La Estancia today to see if you are eligible to participate in our unique Try and Buy Program. Designed for prospective homebuyers, it allows qualified individuals a chance to enjoy a dream vacation and test out the luxury beach lifestyle before they buy.

Our amazing beachfront residences are spacious, fully furnished, and have expansive balconies that offer stunning views of Banderas Bay and the Sierra Madre mountains. Plus, full and fractional ownership options are available for qualified homebuyers.

Give us a call right now, so you can start booking your Mexico vacation. During your stay, take a property tour of our luxury beachfront residences for sale. Perhaps your dream vacation home in paradise will be yours before you know it!

Mexican Real Estate Purchase Info

Do you want to move to Mexico full or part-time? Are you wanting to retire in Mexico? If so, you aren’t alone as many foreigners are moving to Mexico to enjoy a more relaxed, slower pace of life in paradise.

If you are hoping to move as well, you may be interested in purchasing real estate. If you are a foreigner who is living in Mexico and would like to get financing from a bank in Mexico, then you should know that most of the banks will require an FM2 migrant visa or a resident visa. Wondering where you should buy a property?

Contact us at Villa La Estancia in Cabo San Lucas and Riviera Nayarit. We are a hotel-condo concept property popular with ex-pats who want a dream vacation home at the beach. Meanwhile, keep reading below to learn more about Mexican real estate purchases for foreigners. 

Can Foreigners Get Bank Loans in Mexico?

Firstly, in 2023 foreigners have options in Mexico to obtain bank loans. Generally, most of the banks will have you show documentation of residency status in Mexico. For instance, it is required that you have a copy of your migrant visa.

If you want to apply for a loan, you have to have residency in Mexico. This isn’t a difficult process, and an immigration attorney can assist you. Do you want to know if a foreigner can finance a home in Mexico? Despite more banks offering loans for real estate in 2023, financing real estate in Mexico for foreigners is still limited.

Generally, Mexican banks don’t like to lend money to temporary residents unless the foreigner has two years of banking history with the bank. Also, some of the banks in Mexico will ask foreigners to have a cosigner to qualify for a loan along with having a decent credit score in the United States. 

Check out All About Mexican Property Taxes.

Mexico Banking Information

Mortgages are not as competitive in Mexico as they are in the United States. You can get a mortgage in Mexico as a non-Mexican, but the banks do have standard requirements just like in the US. What banks in Mexico do foreigners use? There are many options. The most popular banks in Mexico are BBVA Bancomer, Barnote, Citi Banamex, and Banco Santander.

Foreigners are able to open a bank account in Mexico, but as a US citizen there are important things you should know. Each bank will have different requirements, but an ID, proof of address, and a copy of your identification are a must.

Also, some of the Mexico banks will accept an FM3 non-migrant visa if you can provide proof of foreign bank statements that show you meet financial requirements.

Read What to Know about Mexican ATMs.

Can Foreigners Get Bank Loans for Real Estate in Mexico?

There are more options today than in previous years for financing for real estate in Mexico. Some of the principal banks in Mexico along with specialized lenders offer “cross-border” loans that will lend money in US dollars.

Usually, banks in Mexico offer real estate loans ranging from five to twenty years, and some will offer longer-year loans. If you purchase a new construction, the developers will offer in-house financing for qualified buyers.

Does Mexico use a credit score system? The Buro de Credito is the official credit bureau in Mexico that tracks credit information. Circulo de Credito is a private credit bureau that uses the FICO score and is starting to become popular with many banks in Mexico. 

This article may interest you, Expat Dreams in Mexico.

Bank Trust Information

Lastly, foreigners who want to purchase real estate property near the coast or border of Mexico will need to get a bank trust for the title, which is also known as “Fideicomiso” in Spanish. The bank trust allows foreigners to invest in property in Mexico and own it as a beneficiary.

To set up a Fideicomiso, the bank fees, permit, and one year of fees need to be paid in advance along with other expenses that can range from $2,000 to $2,500 USD. The closing costs, property taxes, rights, notary, certificates, and attorney fees will also have to be paid at the same time. 

It is easy to see that you can get a bank account and get a loan from a bank in Mexico if you meet their requirements.

Do you want to purchase a vacation home in Mexico? If so, why not check out Villa La Estancia in Nuevo Nayarit and Cabo San Lucas? Both are prevalent destinations in Mexico for expats. Plus, both properties are on beautiful beaches with stunning ocean views.

Villa La Estancia offers full and fractional ownership options, and we have in-house developer financing available for qualified home buyers as well. To learn more, contact Villa La Estancia and sign up to participate in our Try and Buy Program. It allows prospective homebuyers to enjoy a dream vacation at their property before they invest in buying real estate.

During your stay, you can live a dream beach lifestyle while enjoying amazing onsite amenities and services. 

All About Notaries in Mexico

Would you like to know about the differences between notaries in Mexico and in the United States? In the United States, they are referred to as a Notary Public, which is a public officer that provides a variety of duties such as being a witness and authenticating legal documents.

The term Notary Public refers to common-law notaries or lay notaries. They can also perform official acts and administer affirmations and oaths. Notaries in Mexico are called Notarios, and they have many different duties, especially when it comes to buying real estate.

If you’d like to buy a luxury vacation home in Mexico, contact us at Villa La Estancia. We have two luxury properties in the country’s best coastal destinations, Riviera Nayarit near Puerto Vallarta and Cabo San Lucas in Baja.

We have elegant beachfront residences and outstanding resort amenities that homeowners adore. In the meantime to learn all about notaries in Mexico, keep reading below. 

All About Notaries in Mexico

To start with, notaries in Mexico have a very important job with many official processes and transactions. For instance, they are involved in processes related to the purchasing and selling of different kinds of real estate, establishing deeds and wills, mortgages, and incorporation for companies.

Also, if someone or a company doesn’t use a Notario Publico to calculate the taxes or withhold taxes, the Notario could be personally liable. Many people don’t understand the United States Notary Public and Mexican Notario Publicos, the Notary Publics in the US don’t do the duties that the Mexico Notarios do.

To become a notary in Mexico you need to be born in Mexico, be between 25 through 60 years of age, be healthy, have an excellent reputation, cannot be a leader of a church, and cannot have a criminal record. They are also given a written exam as well. 

Check out these Tips on Buying Real Estate in Mexico.

Mexican Notaries’ Common Duties

Next, would you like to know about common Mexican notaries’ duties? A Mexican notary can arbitrate, mediate, provide judicial opinions, and intervene in judicial proceedings. They also assist in making sure documents for companies, wills, deeds, power of attorney, real estate purchases, and trusts.

The Mexican notary can also assist in processes related to tax payments, public deeds, and certifying documents such as wills, business contracts, and real estate information. They also are responsible for managing and storing original documents as well. There is supposed to be one notary in Mexico for every 30,000 residents. 

Check out the Expat Dreams in Mexico.

Do You Need a Notary?

If you want to purchase real estate in Mexico, then you will need a notary. You will have to get an attorney if you need legal advice as well. The notary will be neutral with all parties in Mexico.

Their main job is to make sure that all documents and permits are legal and that all taxes are paid on the real estate property. They are liable for every transaction they perform. The fees for the notary will depend on the type of services they are providing.

A notary is a respected profession in Mexico, and they are the final word with the title transfer when real estate property is sold. 

Did you enjoy learning all about notaries in Mexico? You will want to work with a notary if you are interested in buying a beachfront property in Mexico.

If you are unsure where to invest, then check out Villa La Estancia. We have a wonderful hotel-condo concept that investors and homebuyers really like. Right now, we have two locations in top destinations in Mexico including Cabo San Lucas and Riviera Nayarit.

Our beachfront residences are furnished elegantly, constructed solidly, and are ready to move in. Plus, homeowners have complete access to the onsite amenities and services with the resort, too. In addition, we have full and fractional ownership options available for qualified home buyers.

If you’d like to learn more, contact us and ask if you are eligible to participate in our Try and Buy Program which was designed for prospective homebuyers. It’s a great way to test out living at the beach in paradise before you buy.

Are you ready to buy a dream vacation home at the beach that’s spacious, low-maintenance, and super comfortable? If you are, contact us today to learn more. 

2023 Banderas Bay Real Estate

Have you always wanted to own a beachfront vacation home in Mexico? If so, Banderas Bay is a great place to invest. Located on the Pacific Coast, Banderas Bay is one of the most biodiverse regions in all of Mexico.

There, you can find top tourist destinations such as Puerto Vallarta, Nuevo Nayarit, Bucerias, and more. If you want a vacation home in paradise, Villa La Estancia is a unique hotel-condo concept.

Situated on a beautiful beach in the peaceful and exclusive Nuevo Nayarit neighborhood in Riviera Nayarit, they have beautiful beachfront residences that are solidly constructed and elegantly furnished. Property values in Banderas Bay are steadily on the rise as more people are moving to the area and buying premium beachfront real estate.

Do you want to own your very own Mexican dream home at the beach? If so, keep reading below to learn about Villa La Estancia and Banderas Bay real estate in 2023.  

2023 Banderas Bay Real Estate 

Banderas Bay real estate in 2023 is very popular as many homebuyers and investors are buying property in the area. Banderas Bay is a great spot for expats who want a second home in Mexico as there is a large expat community and all the modern conveniences from back home.

The popular tourist destination of Puerto Vallarta is located in the area as well. Villa la Estancia is located in the tranquil Nuevo Nayarit neighborhood of Riviera Nayarit, and there are several quaint coastal towns that are nearby including Bucerias, La Cruz, Punta Mita, San Pancho, and Sayulita.

Banderas Bay has amazing restaurants, beautiful beaches, excellent shopping, art galleries, and outdoor activities galore. In addition, Banderas Bay enjoys a pleasant climate all year long making it an attractive location for people who want to buy a second home or vacation home in Mexico.

Check out full and fractional ownership in Villa La Estancia Riviera Nayarit.

Villa La Estancia  

In case you didn’t know, Villa La Estancia is a unique hotel-condo concept that homeowners really love. Plus, full or fractional ownership options are available for qualified buyers as well. The property has world-class resort quality amenities and services so that every day at Villa La Estancia feels like a vacation.

Our beachfront residences are spacious and finely furnished so you can simply show up with your suitcase and move right in. If you’re like many people, the decision to invest time and money into a space where you can spend quality moments with your loved ones is more important than ever.

As a result, many people decide to buy premium beachfront real estate at Villa La Estancia. With quality finishes and modern conveniences, Villa La Estancia has everything you need in a stress-free vacation home while also being located in a tranquil and peaceful neighborhood.

Read some Expat Dreams in Mexico.

Top Banderas Bay Activities

Were you aware that Banderas Bay is an outdoor lover’s paradise? It’s true as there are tons of outdoor activities to enjoy all year long thanks to the warm climate. For example, vacationers and residents can partake in kayaking, surfing, scuba diving, paddle boarding, snorkeling, scuba diving, mountain biking, hiking, running, and more.

Plus, golfers will love the convenient access to 7 world-class golf courses in the area that also have amazing views. In addition, you can go whale watching during the winter as majestic humpback whales migrate south each year to mate and birth their young in Banderas Bay from December through March. Puerto Vallarta is just 20 minutes south with great bars, restaurants, and more.

Plus, just a short walk north of Villa La Estancia is Bucerias, a charming coastal town popular with kitesurfers with wonderful restaurants, shops, and beautiful beaches.  

Is Buying Real Estate in Mexico a Good Idea?

Why Buy At Villa La Estancia? 

Are you wondering why so many people want to buy Banderas Bay real estate at Villa La Estancia? A top reason is because of the incredible resort amenities that include multiple pools, a fitness center, and a world-class spa on site.

Homeowners love the European-style Tatewari Spa where they can really relax and destress with massages, pedicures, beauty treatments, facials, and more. Also, other wonderful resort amenities include two delicious onsite restaurants including La Casona, a sophisticated steakhouse that serves the best cuts of meat, and the Parrilla Restaurant which serves tasty burgers, sandwiches, wraps, and Mexican seafood ceviche.

Plus, you can have meals delivered to you at the pool, and room service is also available if you want to lounge at home in your pajamas all day. We also have a front desk concierge who is available to assist homeowners as needed, too.

Get to know the Try & Buy Program.

As you can see, Villa La Estancia is the perfect option if you want to invest in luxurious beachfront real estate in Mexico. Our beautiful hacienda-style property is ideal for those who want to invest in low-maintenance and top-quality Banderas Bay Real estate.

We are the proud recipient of the prestigious Four Diamonds Award for excellence and would love to have you come to see our gorgeous property and stunning beachfront residences in person. In addition to the Riviera Nayarit location, we also have a second property in Cabo San Lucas as well. Both properties are amazing investment opportunities if you want to own a dream home at the beach in Mexico.

We also give qualified applicants a chance to test out home ownership in paradise with our unique Try and Buy Program. Inventory is limited so contact us today to schedule a property tour.

Visit our FAQs and be prepared to make the most of your investment.

Tips on Buying Real Estate in Mexico

Would you like to purchase real estate in Mexico? These days, many foreigners are purchasing beachfront real estate property in Mexico’s top tourist destinations. The country has a great climate, stunning beaches, and a rich heritage, too.

Also, purchasing beachfront real estate in Mexico is very affordable when you compare it to similar homes in other countries. Foreigners are able to purchase real estate properties near the coast or borders with a Fideicomiso or a Bank Trust, which is the process that grants non-nationals to own real estate in Mexico legally.

You want to make sure you are selective when you are buying real estate. An older home comes with repairs and maintenance.

If you are purchasing new construction real estate, you want to make sure the developer is reputable, or you may face many issues later on. Read below to learn top tips about buying real estate in Mexico. 

Be Cautious When You Invest

Firstly, you want to be selective when you are thinking about where you want to invest your money. In Mexico, there are many different real estate properties for sale in different types of cities and towns.

Some of the most popular places that foreigners like to invest in real estate include top tourist destinations such as Cabo San Lucas, Cancun, and Puerto Vallarta. In each location, you will find a variety of properties including older homes, brand-new homes, and condominiums.

If you purchase an older home, you will want to have it inspected thoroughly. If you are thinking about purchasing a new home, make sure the developer is reputable and has a great reputation. At Villa La Estancia, we offer a unique hotel-condo concept that homebuyers love.

Right now, we have spacious beachfront residences for sale in Cabo San Lucas and Nuevo Nayarit that are solidly constructed and elegantly furnished. 

This article may interest you: Top Beachfront Destinations to Buy a Vacation Home.

Fideicomiso/Bank Trust

Next, Mexican citizens are able to purchase real estate that is near the coast or the border, but foreigners can only purchase coastal real estate in Mexico through a Fideicomiso or a Bank Trust.

In case you aren’t familiar with the concept, a bank trust is a legal way for non-citizens of Mexico to purchase real estate near the coast or border. The property deed or title will be held through the Fideicomiso or Bank Trust.

You will have the same legal rights as citizen homeowners, and you can designate a beneficiary in the event that you pass away. That way, they will legally inherit your real estate property in Mexico. 

Check out: Second Home In Riviera Nayarit at Villa La Estancia.

Fideicomiso/Bank Trust – How It Works

Are you curious how the Fideicomiso/Bank Trust works? A Fideicomiso is done with the assistance of a “Notario” or notary public in English. A bank trust has a term of fifty years, then it will be renewed automatically for an additional fifty years when the first term is over.

Renewing the Fideicomiso term is easy and affordable. The Fideicomiso gives the homeowner the ability to designate a beneficiary if the homeowner passes away. The heirs will not need to go through probate because the real estate property is held in the bank trust legally. 

Read our latest blog post, How to Move to Mexico.

How to Purchase Real Estate Property in Mexico

If you are wanting to make an offer on a real estate property in Mexico, you need to have a reputable broker. The broker will work with the notary public and escrow offices to make sure your transaction is done smoothly.

Oftentimes, real estate brokers in Mexico use dual-column bilingual documents that are in English and Spanish. When an offer is accepted, then you will need to have an escrow account opened with the earnest money deposited in it. The title company will pay the escrow funds and then the exchange of property will be completed. 

Did you enjoy reading the above tips about buying real estate in Mexico? Are you wanting to purchase beachfront real estate property in Mexico? If so, you can do it legally through a Fideicomiso or bank trust. Make sure you choose a quality property such as our luxury beachfront residences at Villa La Estancia.

We have in-house brokers that can assist you in the purchase process and make the transition to buying your home in Mexico seamless.

Our luxury beachfront residences also come with access to world-class amenities and services including multiple pools, a spa, a fitness center, onsite restaurants, room service, and a front desk concierge.

Contact us today to schedule a property tour as we have a limited number of residences available for purchase in Cabo San Lucas and Nuevo Nayarit near Puerto Vallarta.

It won’t be too long before you will be enjoying your beachfront property… If you think you should take a vacation first and get to know Villa La Estancia Los Cabos and Riviera Nayarit, visit our special offers.

Real Estate Companies in Mexico 

Would you like to learn more about real estate companies in Mexico? In general, real estate companies worldwide employ individuals to sell properties and find properties for prospective homebuyers and sellers.

In 2023, real estate agents in Mexico are an important part of the country’s economy as the real estate industry is booming. Also called realtors, real estate agents in Mexico perform the job of connecting buyers and sellers of properties for sale.

They oversee many processes and paperwork that is required so that each real estate transaction is completed correctly. Do you dream of buying real estate in Mexico? If you do, you aren’t alone because many expats are investing in vacation homes and second homes in the country.

In the meantime, keep reading more below about real estate companies in Mexico.

Real Estate Companies in Mexico

Over the last few years, the real estate market in Mexico has been really booming. Currently, the real estate forecast for Mexico in 2023 estimates that 13.93 billion dollars will be spent this year on property transactions.

Likewise, that figure is expected to reach 17.07 billion dollars in 5 years which would be a growth of 4.14% from 2023 to 2028. Are you curious why the real estate market is doing so well in Mexico right now? In general, the hot market is driven by the high demand for housing from new residents including nationals and expats who have moved to Mexico.

In fact, prices for new houses make up 40% of Mexico’s total housing market and rose 12.8%  in the last year. In addition, Mexico’s largest real estate developers raised their average house prices during 2022, some raising prices by as much as 30%.

Get To Know Villa La Estancia Cabo.

How Can I Find a Good Realtor in Mexico?

Are you thinking, how can I find a good realtor in Mexico? It’s always best to do your research and work directly with an agent or company with a good opinion.

In addition, you can use a reputable property developer that has in-house staff that will assist homebuyers in the purchase process such as Villa La Estancia. Referrals from a friend or family member who has purchased property in Mexico are also helpful.

If you can make sure you hire a professional and trustworthy realtor, the overall home-buying experience will be much better. 

Did you know that it is safe to buy property in Mexico for foreigners? While there are a few special rules that need to be followed when buying property, they can legally buy and sell property in Mexico by using a bank trust which we’ll discuss more below.

Lastly, Mexican real estate has a great deal of upside potential and is expected to increase in value over time, especially beachfront real estate. 

Check out When to Buy Real Estate in Mexico.

Mexican Real Estate Websites

Mexico does have some real estate websites that are useful tools when searching for property. In terms of real estate websites, some websites in Mexico that are similar to Zillow and Realtor.com from the States include Caribe Luxury Homes, Point2Homes Mexico, and Inmuebles24 MĂ©xico.

Each website has various features that can be adjusted to meet specific buyer preferences and needs. Out of the three, inmuebles24.com ranked number 1 as the most visited Real Estate website in Mexico in May 2023. Vivanuncios.com.mx and lamudi.com.mx are additional popular real estate websites in Mexico, too.

Likewise, there is an MLS system in Mexico, but it does not have all the available listings usually found on sites like Zillow or Realtor.com in the States.

By the way, we recently Re-validated Preverisk Certificates in Villa Group Resorts.

Bank Trust Info for Foreigners

In order to legally own property in Mexico that is at the beach or close to a border, foreigners must set up a bank trust to hold title to their property. Also known as a fideicomiso, the legal life of the faith is for 50 years and can be renewed.

Typically, Fideicomisos cost about $1600 dollars to set up, and around $600 dollars a year to maintain. In terms of realtor fees, Mexican realty agents tend to charge between 5% and 8% of the home’s sale price for their commission.

In addition to realtor fees, a Mexican sales tax (IVA) of 16% will also be charged to the total amount. For example, if the agent’s commission is 5%, the total tax-inclusive payment will be 5.80% of the final sales price.

As far as real estate taxes in Mexico, a Property Acquisition Tax (ISAI) must also be paid when buying property. While these tax rates vary by Mexican state, the cost ranges from 2% to 5% of the total property value.

We hope you enjoyed this article about real estate in Mexico. If you want to buy a home of your own, check out properties in top coastal destinations such as Puerto Vallarta and Cabo San Lucas. We are happy to offer homebuyers a unique hotel-condo concept property known as Villa La Estancia.

Our solidly constructed development is an award-winning resort and also has a limited number of private beachfront residences for sale, too. Homeowners love having their very own home at the beach, along with access to world-class resort amenities and services.

We have multiple pools, jacuzzis, a spa, a fitness center, delicious onsite restaurants, room service, and so much more.

Contact us today to schedule a property tour with our in-house realty team if you are in the market for a vacation home at the beach. Your dream home in paradise is only missing you!

Are Houses Expensive in Mexico?

Have you been wondering if houses are expensive in Mexico? Recent statistics have shown that the average cost of real estate in Mexico’s capital costs around three million pesos, which is $160,000 USD.

This price is nearly double the national average, but it is still much less than buying a similar house in the United States and Canada. There are different factors that determine the price of a home such as the size, location, bedroom, and bathroom numbers, and the size of the lot.

If you own real estate property in a tourist destination on the coast, the price would be significantly higher due to the demand of people wanting to live on the beach.

Villa La Estancia is an excellent choice if you want luxurious beachfront real estate in a safe and peaceful setting. Meanwhile, keep reading below to learn if houses are expensive in Mexico. 

What Factors Determine a Home’s Cost?

To begin with, generally, the biggest factor to determine the price of a home is the location. If a location is desirable, then it will cost more than if the home was in a location that isn’t as sought out.

For instance, if a home is located on the beach or nearby the ocean, it is usually worth more than a home that isn’t. In addition, if the home has numerous bedrooms and bathrooms, then the price will be higher in value.

Also, if the home has a swimming pool, a garage, a nice yard, and other features, then the house’s value will increase. Likewise, if the house has extra amenities and services such as with a condominium complex or it is in a gated community, these types of properties tend to be more expensive. 

This article could be helpful for you: When to Buy Real Estate in Mexico.

Are Houses Expensive in Mexico?

If you are wanting to buy property in Mexico, there are other costs that you need to consider. To begin with, before you buy any real estate in Mexico you should pay to have the property inspected beforehand.

This will let you know if the property has hidden damages or issues. You should also get a property valuation report too. The property valuation reports in Spanish are called “Avaluo” and they can cost from $200 to $300 USD this evaluation will be done by a reputable professional.

Once you have an agreement to purchase the property, you will need to pay closing costs. This term means the fees and charges to pay for the parcel to be transferred legally to you.

The closing costs can range from 5% to 10% of the sale price of the property, and these fees will include the Notary Public, sales tax, and other charges to secure the property transfer.

Read about Villa La Estancia and the values we have. 

Mexico’s Ongoing Property Costs

In Mexico, all property taxes will have to be paid annually or also known as “Predial”, which means property owners must pay once a year. Usually, the property taxes in Mexico are only several hundred dollars a year.

Also, if you have bought an apartment, condo, or penthouse, or your property is in a gated community, you will need to pay maintenance and service fees regularly. The fees go towards keeping the swimming pools, landscaping, gyms, and clubhouses clean and maintained.

There are also property associations that homeowners need to pay for big projects such as a new roof or major repairs. You need to know that maintenance and service fees can increase over time. Also, you are required to pay all utility costs such as electricity, water, gas, etc. 

You may be interested in The Benefits of Fractional Ownership.

Mexico Bank Trust Fees

Lastly, only citizens of Mexico can buy property legally that is within 30 miles (50 km) of the coast of the border of Mexico. If you are a foreigner wanting to purchase land on the coast or border, then the law in Mexico required your land to be held in the Bank Trust or in Spanish Fideicomiso.

The Bank Trust will be established once the property is purchased. There is a setup fee, plus yearly fees for this too. The set-up costs can range around $1,000 USD and trust fees can range from $500 to $2,000 USD yearly. 

Did you enjoy reading this article about if houses are expensive in Mexico? If you want to buy luxurious beachfront real estate in Mexico, the best choice is Villa La Estancia.

We are proud to offer the hotel-condo concept, so our homeowners have their own beachfront residence along with complete access to our luxury resort amenities and services. Currently, we have 2 locations in the country’s best destinations including Nuevo Nayarit just north of Puerto Vallarta and Cabo San Lucas.

Our private beachfront residences are spacious, elegantly furnished, and very comfortable. In addition, onsite amenities are world-class and include multiple pools, jacuzzis, a spa, a fitness center, room service, a front desk concierge, and delicious onsite restaurants.

Give us at Villa La Estancia a call today to book a dream vacation to Mexico and to learn more about our amazing beachfront residences for sale, too! 

When to Buy Real Estate in Mexico  

Are you thinking about buying real estate in Mexico? Many people from other countries quickly fall in love with Mexico during a vacation and end up wanting to buy a vacation home or even move full-time to the country.

In terms of real estate, properties in Mexico are usually more affordable when compared with similar properties in the United States or Canada.

Plus, Mexico has a rich culture, warm climate, and tons of natural beauty that can’t be beaten. If you are wondering when to buy real estate in Mexico, there’s no time like the present as the cost of properties is typically on the rise.

If you want to learn more about the best real estate in Puerto Vallarta and the Riviera Nayarit area located in Mexico’s Banderas Bay on the Pacific Coast such as Villa La Estancia’s elegant beachfront residences, keep reading below. 

When is the Best Time to Buy?

If you are curious if there is the best time of year to buy real estate in Puerto Vallarta and Riviera Nayarit, you have come to the right place. Puerto Vallarta’s high season occurs during the winter months from November and lasts through April.

The end of high season is a great time for finding the best real estate in the area. Once the months of May and June arrive, the majority of expats and snowbirds have gone home for the summer. As a result, real estate agents will have less work and be able to provide better service for their clients.

In addition, it’s easier to schedule more property showings during the low season when properties are often vacant.

Also, due to less demand during the low season, you will find that you may have more flexibility when it comes to negotiating purchase prices or other contingencies in the purchase contract.

Be aware, read this article: Real Estate Scam Info.

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Budget and Location

Next, a few essential things to consider when buying real estate in Mexico are your budget and location. In terms of budget, it’s essential to carefully examine your finances and only make offers on properties that you can afford.

In general, the majority of properties in Mexico are usually paid in cash as opposed to using a mortgage. Therefore, it’s important that you have the required capital to invest in real estate in Puerto Vallarta and Riviera Nayarit.

However, Mexico’s mortgage lending business is growing but mortgage interest rates in Mexico are still very high when compared to mortgages in other countries.

In addition, some high-end developments such as Villa La Estancia in the upscale neighborhood of Nuevo Nayarit offer in-house developer financing for qualified homebuyers. As far as location, you can expect to pay more for properties closer to the beach or within gated communities. 

You may be interested in the Try & Buy Program.

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Vacation Home at the Beach

Lastly, it’s essential to think about how much time you plan to spend at your property. Some people are looking for a vacation home to visit a few times a year and other people want a full-time retirement home.

Also, think about whether you plan to rent out your home when not in use or not. Onsite amenities such as pools, fitness centers, restaurants, and 24-hour security are important perks many people look for when buying real estate in Mexico.

If you decide to rent out your property as a vacation rental, these amenities make it more attractive and will allow you to charge more per night. Regarding the deed of property, Mexican law mandates that foreigners will need to set up a bank trust to hold title if they buy property on the coast or close to the border.   

Whether you want a full-time abode or a vacation home at the beach, check out Villa La Estancia. Situated in the peaceful neighborhood of Nuevo Nayarit just 15 minutes north of the PV Airport, Villa La Estancia is a hotel-condo concept property that is a great option.

We offer spacious beachfront residences that come fully furnished and with quality finishes. In addition, we have onsite amenities and services that make it a pleasant place to spend time.

Also, the property is low maintenance so it’s ideal for homebuyers who don’t want to worry about handling repairs and upkeep.

Are you ready to learn more? If so, contact us at Villa La Estancia today to book a vacation to Mexico. During your stay, make sure to schedule a property tour of our luxury beachfront residences as they have a limited amount of properties still available for purchase. 

Here are some reasons why These 4 Hotels Have a Certificate of Excellence from Tripadvisor.

Real Estate Scam Info: Read This 

In general, one of the most important decisions and biggest investments in an individual’s life is buying real estate. For many people, owning a home is a major achievement because this will be where they will spend most of their time with their family.

However, purchasing real estate can also put you at risk for real estate scams if you are unsure what to look out for. Common real estate scams include foreclosure relief scams, wire fraud, loan flipping, home inspection scams, and many more.

Check out Villa La Estancia in Cabo San Lucas and Riviera Nayarit if you want an excellent investment. We offer a luxurious hotel-condo property with private beachfront residences.

It is a wise investment if you want to purchase a luxurious vacation home in paradise that has world-class amenities and services, too. Meanwhile, keep reading below to learn the top three real estate scams. 

#1 Escrow Wire Fraud – Common Real Estate Scam

First, one of the most common real estate scams is escrow wire fraud. The scammers will call homeowners pretending they work for the escrow company or title company that is involved with the purchase of the home.

Then, they will provide specific instructions on where they want you to wire the escrow funds. However, the scammers will make a fake website that will look similar to the title or escrow company that you are working with, and many people fall victim and send the money as instructed.

By the time the new homeowner realizes they have been scammed, the money has already been withdrawn. You can keep yourself safe by always confirming the wire instructions with a live person from the phone number that they have given you. You should also confirm the escrow account number before you wire any money. 

#2 Loan Flipping Scam – Refinancing Real Estate Scam

Next, a loan-flipping scam happens when a fraudulent lender convinces homeowners to refinance their mortgage several times. The scammer will charge very high fees for each transaction, and the homeowners will end up with a higher monthly loan payment than they had before, and sometimes they can’t even afford the payment.

Unfortunately, seniors and older homeowners that have memory issues are often targeted because they have a large amount of home equity and poor judgment due to age-related issues.

In general, if you have recently had your mortgage refinanced, then you shouldn’t do another one so soon. If any lenders are actively calling you, that is a red flag.

Also, you should only work with lenders that are banks that are well known. Make sure you ask any questions you have as well.

#3 Bait and Switch Movers – Moving Real Estate Scam

Lastly, another common real estate scam is based on moving your property to your new home. The Bait and Switch Mover scam will happen when you fill out a form to request a moving company for an estimate for moving your personal belongings to the home you just purchased as you are looking for an estimate.

The moving company arrives, and they tell you it is going to cost you more money than the original quote. They often will pack your belongings first, then tell you the amount is higher than what was quoted. You should only work with a reputable moving company.

Make sure you ask them for their license number, then check the BBB so you can see if there are any issues with the moving company. 

This article was published to help people learn more about real estate scams, and how you can avoid being scammed. If you have been scammed, make sure you notify the authorities and file all police reports.

If you want a vacation home in paradise, check out Villa La Estancia. We are proud to offer a genuine and solidly constructed investment that is free of any scams.

Currently, we have high-end properties located in coastal destinations including Cabo San Lucas and Riviera Nayarit. Our property is situated on beautiful beaches and homeowners love the world-class resort amenities and services onsite. W

e have multiple pools, jacuzzis, a spa, a fitness center, a delicious onsite restaurant, a front desk concierge, room service, and more.

Contact us today to book a stay at Villa La Estancia in Cabo or Riviera Nayarit so you can check out our premium beachfront real estate in person.

Why Move to Mexico? Read This  

Have you been thinking about moving to Mexico? If so, you aren’t alone. In fact, nearly 2 million United States citizens have made the move to Mexico so they can live a better life.

For many decades, Mexico has been a top choice for many expats looking to live elsewhere whether they want to retire or work remotely.

In 2023, more and more young Americans and Canadians are preferring to move to Mexico rather than live in the States or Canada.

The top reasons why people want to move to Mexico are that it is relaxed, the residents are welcoming, and the cost of living is more affordable.

Plus, quality healthcare is available, the food is delicious, and the immigration system in Mexico is not as difficult as it is in other countries, which is perfect for retirees and remote workers.

Most of the paperwork can be done without hiring an attorney or an outside agent. Continue to read below to learn the best reasons to move to Mexico.

Why Move to Mexico?

Firstly, one of the best reasons to move to Mexico for people is the rich culture, the interesting heritage, and the laid-back atmosphere. Life can be quite fast-paced and hectic in the States and Canada.

On the contrary, the value of a peaceful existence is more important now than ever. In general, Mexicans are very friendly and welcoming to all that move to Mexico.

Did you know that Bloomberg’s 2021 Best Places to Live for Expats has ranked Mexico as one of the three top countries in the world to live in? The cost of living is much lower, people find they can enjoy a better life, and the moving transition is fairly easy.

Likewise, many expats that move to Mexico adapt with ease and they comment that the move prompted positive changes to their lives.

For example, ex-pats report being more active, eating healthier, and making time to socialize more. Mexico is a wonderful place to move if you are interested in a better life.

This article may interest you: Is Mexico A Good Place to Retire?

Warm Climate

Next, many people that have moved to Mexico have chosen to live in top tourist destinations because they are located on the coast.

In general, coastal destinations tend to have wonderful warm weather all year long. As a result, people that have moved to Mexico are usually more active than they would have been had they stayed in their country.

Thanks to the great climate, beach towns in Mexico are known for having tons of excellent water activities such as swimming, surfing, scuba diving, snorkeling, paddleboarding, and more. Mountain biking, running, and hiking are other top outside activities, too.

You will always find something fun to see and do in Mexico, especially in Cabo San Lucas and in Puerto Vallarta as these two areas have a large expat community.

If you want to buy real estate, check out the Villa La Estancia which has luxurious beachfront residences for sale.

Read this related post: Expat Dreams in Mexico.

Improved Quality of Life

You can enjoy an improved quality of life if you move to Mexico. Since the living costs are much lower than in the United States and in Canada, it’s easier to have a quality life without as much money.

Also, in 2023 the healthcare systems including hospitals and doctors in Mexico are quite outstanding. Likewise, doctor visits and prescriptions are very affordable as well.

In terms of eating well, ex-pats that live in Mexico also have access to fresh fruits and vegetables, too. Therefore, you can eat healthier and become more active if you move to Mexico.

Also, if you are wanting to buy real estate in Mexico, then you will be pleased to know that comparable properties tend to be less expensive than they would in the United States or Canada.

As a result, many ex-pats are able to purchase a dream home on the beach in Mexico that they could never afford in their own country.

Take a look at the Top Beachfront Destinations to Buy a Vacation Home.

Did you enjoy reading this article about the top reasons people want to move to Mexico? Are you interested in moving to Mexico? As you can see, Mexico has wonderful weather, and a lower cost of living, and expats report having an improved quality of life.

If you want to buy a home in Mexico, then check out Villa La Estancia. We have two beautiful locations in top tourist destinations in Riviera Nayarit and in Cabo San Lucas.

Our homeowners love their spacious beachfront residences, premier amenities, and superior services, too. Give us a call today to learn how you can own a beachfront residence in Mexico.

Ask to see if you can participate in our Try and Buy Program which allows prospective homebuyers to test out beachfront living before they buy. Who knows? Maybe your new life in Mexico is only missing you!

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