Mexican Benefits for Foreigners Over 60

With more retirees moving to Mexico than ever before, there has never been a better time to explore all of the different ways you can save money upon relocating to this charming and beautiful country.  Living costs in Mexico are much more affordable than those in the United States, Canada and Europe, making it an appealing place to relocate upon retirement.  What’s more, you can take advantage of even more discounts with these Mexican Benefits for Foreigners over 60.

When you enroll for the INAPAM (Instituto Nacional para las Perso1nas Adultas Mayores) discount card, you can enjoy impressive discounts on an incredible range of goods and services, which can help you stretch your retirement money even further.  The process to apply for the card is easy, and it also happens to be free.  Once you have your discount card in hand, you will be able to present it to countless businesses.  Here is just a sampling of the services you can enjoy discounts on:

Food & Groceries

As a daily expense, you can save big at specialty food shops, grocery chains and convenience stores.

Dining Out

From diners to cafes, as well as restaurant chains, you can save when you go out to eat. 

Healthcare

Although medication already costs far less in Mexico than in countries like the U.S., seniors can receive additional discounts at many pharmacies.  Several doctors, dentists and medical specialists also offer discounts to card holding seniors.   

Culture

You can find discounts at a variety of art galleries, museums, archaeology parks and bookstores. 

Travel & Leisure

Many travel agencies and hotels found throughout Mexico provide discounts for seniors.  

Party Venues

It is common for festivity halls (salon de fiestas) to offer discounts to seniors who are planning a party at their facility. 

Transportation

Discounts on fares are provided by several airlines, bus companies and sometimes even local taxis.

Discount on Property Taxes and Water Bills

Seniors can receive a discount on their annual property taxes (Predial) as well as their water bills in some municipalities.  

Other Discounts

While discounts for seniors vary between businesses and are not always offered, remember to always present your card and ask just in case.  You will find discounts at a wide range of businesses including accountants, legal firms, construction companies, hardware stores, electricians, locksmiths, plumbers, car service and repair centers, printers, dry cleaners, veterinary services, florists, art stores, jewelry shops, beauty salons, clothing stores and so much more.

The original article can be found at Mexperience:

https://www.mexperience.com/inapam-mexicos-discount-card-for-seniors/

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World’s Best Places to Retire – Mexico is No. 1

Why Nuevo Vallarta is Great for Retirement

 

 

Are Foreigners Allowed to Purchase Real Estate in Mexico?

If you have been wondering whether or not you, as a foreigner, can buy property in Mexico then the quick and easy answer is yes. Foreigners can buy real estate in Mexico even if the land is in an area near the coast or foreign borders (areas considered federal zones).You may have heard that this is not the case, but that is merely a common misconception caused by the fact that foreigners who wish to purchase land or property within 31 miles of the coast and/or 62 miles of Mexico’s international borders must use a fideicomiso land trust in order to make their purchase legal. You will be pleased to read that the process of getting a fideicomiso land trust is quite straight forward and easy, and is a common service offered by many banks in Mexico.

Fideicomisos and Bank Trust Institutions

If non-Mexican citizens buy land or real estate in Mexico within the restricted federal zones, such as the popular beach destinations of Puerto Vallarta, Riviera Nayarit or Cabo San Lucas, a trust deed must be established with a Mexican national or institution (such as a bank). This institution then acts as a trustee on behalf of the foreigner wishing to purchase real estate in Mexico. While the bank acts as an intermediary, the benefactor (the foreign buyer) holds all the rights associated with ownership. In other words, the person who does the investing controls all the rights to the trust while the trustee oversees and manages the trust, and you enjoy the rights to occupy, rent, bequeath, and/or sell your real estate in Mexico.

Renewable Bank Trusts

Initially the term of a Fideicomiso bank trust when buying real estate in Mexico as a foreigner is fifty years, renewable for a further fifty year term in perpetuity. If you choose to sell your property to a Mexican national the trust can be terminated, but if you sell to another foreigner it can simply be transferred. Of course the foreigner purchasing your property can set up their own fideicomiso if they wish to.

Appointing Beneficiaries for real estate in Mexico

Upon the finalization of the trust you will have to appoint a beneficiary/beneficiaries to receive all the rights of the trust should you pass away before the end of the 50 year lifetime of the trust. This takes away the stress of your heirs needing to follow any probate proceedings with the Mexican courts should you pass away unexpectedly. This will save them time and money, but more importantly, it will be one less thing to worry about if the worst came to pass.

For more information about purchasing real estate in Mexico, contact us toll free:

Cabo San Lucas: 1 877 499 1901
Riviera Nayarit: 1 866 843 7005

Law of Attraction and Second Home Hunting

Law of Attraction and Second Home Hunting

Why not use the law of attraction and positive thinking to help you find the best second home for you and your family. Here are some tips to help you with your second home hunting using the power of the laws of the universe to guide you.

Like Attracts Like

According to the popular law of attraction, like attracts like. What this means is that you attract what you are thinking about, and attract experiences that make you feel similar to how you usually feel. Therefore, the first step in successful second home hunting is to start imagining and thinking about your dream home rather than focussing on what you don’t like about your current place of residence or lifestyle.

Make a vision or mood board

Collect pictures and images from magazines that represent how you would like your second home to be. Make a detailed collage with these images and imagine yourself enjoying all of the benefits of your second home. For example, add a picture of the view from your bedroom, the type of bathroom you would like to have and the amenities you wish to enjoy like a pool or spa. Be sure to put a picture of you and your family smiling in the center of the vision board.

Mantras

Choose a few of mantras that keep you on track when searching for your second home: “My dream home is waiting for me;” or “When I am happy, my dream home will manifest.” The idea is that when you are happy and vibrating on a higher frequency, you can allow the things you want to manifest into your reality.

Celebrate even the smallest signs

Remember to celebrate each step you make towards finding your dream second home. Even if the residence you find is out of your budget, celebrate the fact that you have manifested it into your reality and work on manifesting the resources to pay for it.

Follow your hunches

The law of attraction can work in mysterious ways, so it is always worthwhile following up on your hunches even when you think that the property is too expensive or too far away etc. You never know who you might meet or what piece of information you might receive to help you find the perfect second home for you and your family.

Retirement in Riviera Nayarit

Riviera Nayarit: Far More than your Average Retirement Community

There is no doubt that Mexico is the number one choice for those looking to retire in a foreign land. Thriving expat communities that inhabit almost every coastal town, including, Puerto Vallarta, Nuevo Vallarta, Cabo San Lucas and everything in between, take advantage of low cost, laid-back lifestyles that make reaching retirement so much sweeter.

Retirement in Riviera Nayarit
Courtesy

Riviera Nayarit a Retirement Favorite

As the popularity of retiring in a foreign land hits all-time highs, so does the preference for Riviera Nayarit, Mexico’s hottest new destination. With its charming culture, stunning seaside towns and endless expanses of palm-fringed beaches, Riviera Nayarit offers far more than your average retirement community.

Attracting visitors from around the world, Riviera Nayarit’s colorful blend of old Mexican charm and modern luxuries creates the ideal destination for those looking to find their home away from home. In this peaceful haven, one can find the finest restaurants, a myriad of shopping opportunities, and a large variety of recreational activities, including world-class golf, sunset sailing and romantic strolls along the most alluring beaches.

Friendly Faces Grace Your Retirement

While the natural beauty that surrounds the region weighs heavily on one’s decision to make Riviera Nayarit their home, it is the genuine happiness and overall friendly atmosphere that exudes from every corner of the region that makes staying worth the while. At the heart of any great place is its people, and that couldn’t be truer for the residents of each and every town that dots Riviera Nayarit’s coast. From the end of Banderas Bay and beyond, the locals are known for their unwavering hospitality and heartfelt welcomes, making it easy to adapt to such a harmonious lifestyle.

Fractional or Full Time Retirement?

Choosing to live in Riviera Nayarit, even if only for part of the year, is a huge step in the right direction. One can find everything from villas to resort-style condominium complexes that make buying real estate in Mexico hassle free. While purchasing a Mexican home can be quite nerve wracking, it’s the option to buy upscale residences with 5-star resort amenities that draws people to the area. With endless opportunities to buy real estate, it is easy to make the move to a happier, more relaxed lifestyle.

Have you thought about a Try and Buy option? Visit us at Villa La Estancia Residences and see what you think!

Real Estate in Puerto Vallarta

Try and Buy Real Estate in Puerto Vallarta and Riviera Nayarit

One of the great aids to help you choose the right real estate in Puerto Vallarta and Riviera Nayarit for you and your family is to take part in Try and Buy Real Estate programs. Try and Buy programs will enable you to visit the properties that you are interested in purchasing in a foreign land at subsidized prices. In that way, the expenses involved in purchasing property in Puerto Vallarta and Riviera Nayarit are reduced greatly.

Real Estate in Puerto Vallarta
Villa La Estancia Residences

Villa La Estancia’s Try and Buy Real Estate Program

The try and buy option at Villa la Estancia Residences in Riviera Nayarit is called the Real Estate Discovery Program. This tailored program allows you to try out the residences at Villa La Estancia Riviera Nayarit before making the commitment to buy a property. That way, you can see if you like the residence, community and luxury facilities first hand. As Villa La Estancia Residences Sales Director, Nilo Lucas, says, “once you have stayed at Villa La Estancia Residences and experienced the luxury and stunning surroundings for yourself, there will be no doubt in your mind!”

Who is Suited for the Try and Buy Program?

This real estate try and buy program is designed for those people who are genuinely interested in purchasing a luxury fraction in one of the Villa La Estancia Residences or full ownership. The idea is that you have probably read all about the properties, and perhaps even spoken to a sales agent to spark your interest.

What the program includes

The Villa La Estancia Residences Try and Buy Discovery Program will provide 4 nights accommodation at one of our resorts. The cost of your accommodations will be substantially discounted, however, the price of the package vary depending on the season and is subject to availability. Up to 6 people are allowed in a Two Bedroom Villa. There are also 3 Bedroom Villas and Oceanfront Villas available. As there is a limited supply of villas at this promotional price, they are only available on a first come first serve basis.

There are some rules that apply to be eligible for this try and buy real estate privilege.

  1. You must be 30 years of age or older, fully employed or retired and have an annual household income greater than $100,000 USD.
  2. Travel costs to and from Villa La Estancia in Nuevo Vallarta, Riviera Nayarit are at your own expense.
  3. You must attend a presentation and tour of the property. This presentation is educational in nature and will allow you to understand our Real Estate product and Villa La Estancia Lifestyle. If you do not participate in the discovery presentation, Villa La Estancia will charge your credit card an additional $250 USD per night for your visit.
  4. There is a specific request form that must be completely filled out. Click here .
  5. The villas cannot be reserved more than 45 days prior to your visit.
  6. Your reserved villa must be paid in full with a major credit card before receiving a confirmed reservation.

For more information about real estate in Puerto Vallarta and Riviera Nayarit or to clarify any details, please contact Nilo Lucas , Sales Director at Villa La Estancia Residences.

Riviera Nayarit’s Pueblo Magico

Mexico’s famed beach resort towns of Puerto Vallarta, Nuevo Vallarta and Cabo San Lucas continuously attracts visitors from all over the world. Impressive beach settings and countless commercial establishments that offer fun and entertainment are their major selling points. What many don’t know, however, is that Mexico has other cultural attractions that will surely charm and enchant visitors as well as those lucky enough to make Mexico their second home – Pueblos Magicos.

Riviera Nayarit - Pueblo Magico

Pueblos Mágicos

Pueblos Magicos (magical towns) are classified quaint villages that offer a glimpse of the country’s rich culture and tradition. The Mexican Secretary of Tourism has endorsed around 80 towns throughout Mexico with the “Pueblo Magico” seal of approval to guide visitors to find new and exciting ways of discovering Mexico and its great people.

Pueblos magicos are selected towns that are rich history and cultural heritage. It’s a program that was started in 2001 and acknowledges places like San Sebastian del Oeste, a quaint town located just over an hour from Riviera Nayarit and Puerto Vallarta A 1605 mining town, San Sebastian showcases the Mexican way of life and the traditional means of its people. Every visitor’s heart and emotions will be touched and mesmerized, and it’s within easy reach of your home away from home at Villa La Estancia Residences.

A perfect day trip from Villa La Estancia, San Sebastian del Oeste pueblo magico offers a variety of activities. Its beautiful landscape that is surrounded entirely by the picturesque Sierra Madre Mountains is a scene changer for anyone whose busy life centers around the city. One can simply walk around and view old buildings which are great examples of traditional colonial architecture or sit in the town’s tree lined plaza people watching.

If you are feeling a little more energetic, you can take a hike to the nearby Cerro de la Bufa and be with the company of clouds while the dusk provide a stunning sunset drama unfolding right before your eyes. For coffee lovers, visit Quinta Mary and have a taste of a purely organic coffee and a chance to see the meticulous production process it undergoes. Experience a different kind of experience where the contemporary blends with the traditional, taking visitors back in time a hundred years or more.

Today, San Sebastian is a home to just 600 inhabitants, a far cry from what used to be 20,000 population sustained through a thriving mining industry. Nowadays you can simply sit back and sit idly in a wooden chair admiring the overall appeal of this stunning town. The next time you visit Riviera Nayarit, take the time to explore San Sebastian and you’ll never forget the magical experience it will bring.

Villa la Estancia Residences Riviera Nayarit

Riviera Nayarit, Mexico

Riviera Nayarit, Mexico’s newest tourist destination, is breaking the mold on typical Mexican tourism with a scintillating combination of real estate opportunities, luxury hotels, gorgeous beaches and slew of quaint, fishing villages. Stretching for over 200 miles along the coast of Mexico’s Pacific rim, Riviera Nayarit is a haven for travelers and homeseekers looking for something different. The unique blend of culture, art and modernity create a masterpiece for the senses and those who visit the area are always reluctant to leave.

Situated just north of Puerto Vallarta’s international airport, this corner of paradise is home to stunning Nuevo Vallarta, a luxurious neighborhood of world-class hotels (including our very own Villa La Estancia), stunning golf courses, upscale homes and a series of canals that lead to the region’s most multifaceted marina. An ideal place for those looking to stay in the heart of it all, Nuevo Vallarta provides access to the traditional charm and modern luxuries of Puerto Vallarta, as well as day trips to some of Riviera Nayarit’s most beloved seaside villages.

Gracing the northern end of Banderas Bay all the way to San Blas, one of Mexico’s most historic ports, is a series of charming towns that offer a little bit of something for everyone. Visit Punta Mita for a sanctuary of turquoise waters, unbelievable marine life and one of the world’s most fascinating hidden beaches. Spend the day in Sayulita, a world-renowned surf-town bustling with boutique shops, delicious eateries and all things water related. Or simply head to Bucerias, a seaside escape, just minutes from Nuevo Vallarta, overflowing with countless restaurants and a myriad of opportunities to experience life to its fullest.

Wherever your time in Riviera Nayarit takes you, one thing is for sure, the awe-inspiring vistas and nostalgic nature will enrapture you from the minute you arrive until it’s time to go home. And just in case you never want to go home… check out Villa La Estancia Residences, a luxury real estate opportunity you don’t want to miss.

Puerto Vallarta 2nd Best Place to Retire According to CNN

According to a recent article on the CNN website , Puerto Vallarta comes second place after Portugal’s Algarve for the best place to retire in the world. Among the retirement destinations mentioned on the list of amazing locations to retire were Cayo in Belize, Languedoc in France, Abruzzo in Italy, Medellín in Colombia and Hua Hin in Thailand.

Puerto Vallarta one of the Best Places to Retire

The CNN’s article regarding the world’s best places to retire confirms what we have known for a long time at Villa La Estancia Residences. Puerto Vallarta and Riviera Nayarit have so much to offer retirees and makes for an amazing place to relocate or enjoy a second home.

Amongst Puerto Vallarta’s features that were mentioned in the CNN article were its beaches, fishing, shopping, restaurants as well as the picturesque downtown area with its cobblestone streets. The article also mentions the convenience of direct flights to Puerto Vallarta’s international airport from the United States and its tropical climate, comparing it to Hawaii.

We think you will agree, it’s great to see Puerto Vallarta and Riviera Nayarit getting the recognition that it deserves as a number one place to retire. If you don’t believes us, come and check it out for yourself with our Try and Buy offer.

Finding a Dream Home in Mexico

A lot of people ponder the possibility of making their dream home in Mexico but think that it is too difficult or are put off by the seeming language barrier. Thankfully, the reality of finding your dream home in Mexico is somewhat easier than you might think.

There are a variety of dream homes available to match a diversity of budgets, styles, and luxury pursuits in Mexico. If you are looking for your dream home in Mexico, all you need to do is some research, locate the right broker, and follow your gut. The following steps will help start you on your way to finding your dream home in Mexico.

Makes Sure the Location Matches your Lifestyle

Before you buy anything, you need to determine what type of dream home and environment best suits you. This means you must decide how big your home needs to be and what type of weather you are willing to tolerate all year. One big plus about Mexico is the moderate temperatures. So, the climate will feel either like spring or summer in specific locations, and you don’t have to worry about winter weather if you choose intelligently. Also, keep in mind the type of activities you like to do in your community. Do you like to fish? Go golfing? Dining out? Go Salsa Dancing? Shop at farmers’ markets, etc.? These are some of the things you should consider while deciding where you want to reside.

For example, Nuevo Vallarta in Riviera Nayarit, Puerto Vallarta and Cabo San Lucas are ideal spots for those who like the finer things in life: art galleries, farmer’s markets, vibrant expat neighborhood, diving, whale watching, fine gourmet restaurants, and luxurious golf courses.

Find a Good Real Estate Agent you Like

Locate an established real estate agent with great references, and find out if the agent is a member of the Asociación de Profesionales Inmobiliarios, A.C (AMPI). An AMPI real estate agent in Mexico will be highly familiar with the pros and cons of getting a home in Mexico and should be able to provide information on new real estate projects and houses that are for sale. Your agent will help you successfully close the sale and assist you with the particulars involved in buying your dream home in Mexico.

Visit First

Very few people will buy a property without having seen it, unless you are purchasing bricks and mortar for your investment portfolio rather than to live in. A try and buy visit is a good way to simulate the experience of living in the communities you are considering for your Mexican dream home. A few of the property developers will grant permission for you to reside at the residence temporarily so you can get a feel of the property before making a final decision to buy.

Watch the Media

Scan local newspapers and subscribe to real estate newsletters to locate currently available properties.

Trust your Instincts and follow your heart

And last but not least, always trust your instincts when deciding to buy your dream home. Pay attention to your suspicions and ask for clarification when you are uncertain about certain property particulars. Try not to get caught up in hard sell deals because you will recognize your dream home as soon as you step foot into it.

Enjoy Luxury Full and Fractional Deeded Property in Banderas Bay

Revel in the beauty of luxury full and fractional deeded real estate in Banderas Bay, Mexico. You can now take ownership of properties either in full or in fractional deeded shares for the best high end properties in Banderas Bay. You no longer will have to worry about making a reservation when you own a piece of this luxury beach destination in Mexico.

Own a property at Villa La Estancia Residences for just two months, a season or maybe you wish to be able to visit any time you like throughout the year. No matter whether you choose full or fractional deeded property, your investment is for an entire lifetime and beyond at Villa La Estancia, just like any bricks and mortar investment. The equity that you hold will be all yours to either rent out to others, sell, or live in as much as you want.

Fractional Deeded Property in Banderas Bay

Even though it can be easy to realize what the responsibilities and advantages are relating to owning a second home, there is a bit of confusion on what fractional deeded property means. To begin with, it should not be confused with residence club memberships and timeshares, although there are similarities. If you own a fractional asset of a property, you hold the deed for this fraction. For Villa La Estancia this can be either 1/8 or ¼. This purchase becomes part of your own estate that you have for life and can be left in a will.

Villa la Estancia Real Estate
Villa La Estancia Residences One Bedroom Suite

Consider Villa La Estancia Residences for Luxury Living in Banderas Bay

Strike a compromise between the convenience of renting and buying a second home with fractional deeded property ownership. A big difference exists in comparison to renting – you will not have to pay a landlord. The same way as you would with a full ownership, you are able to rent, sell, include in a will, or donate the property. Your investment also has a chance to appreciate.

Will I Be a Good Candidate for a Fractional Ownership?

Do you absolutely love Banderas Bay, including Riviera Nayarit and Puerto Vallarta? If so, you may be a perfect candidate for a property investment there. Owning a second (or third or fourth) home, even a fractional deeded property means that you can return as often as you wish and live your dream. People who want to buy a residence overseas yet who may only visit it a couple of times each year will benefit the most from fractional purchases. Also, individuals who would like to give living in Banderas Bay a try before they commit to owning the residence outright and people who want to have ownership of a luxury property will be able to benefit.

Top Notch Real Estate

Villa La Estancia Residences are among the top locations for luxury real estate properties in Banderas Bay. There are amazing penthouses and huge 2 and 3 bedroom condominiums from which you can choose to purchase for both full and fraction deeded ownership. There are gorgeous views of the ocean from each of the properties, and every one of them also has spacious interiors with a touch of elegance. Furthermore, you will have access to the facilities of the 5 star resort, such as the Nuevo Vallarta’s beach, onsite gourmet restaurants, an award-winning spa, resort activities, pools, room service and more.

It is important to note that there are a limited number of these full and fractional deeded properties available. Villa La Estancia Residences is open to exclusive clientele who would love to take advantage of the luxurious options. Are you prepared to invest in your dreams?