Many people dream of purchasing real estate in Mexico and it is definitely a tempting and wonderful idea! It doesn’t matter if you want to retire on Playa del Carmen or in a Merida condo, the dream of trying something new is enticing. Make sure you do your research before you make any purchase like you would with any other investment. There are many questions you might have about Mexico real estate, including the risk of buying property in Mexico. We have some great news!

Mexico is a safe country to purchase property. Foreign investors can purchase and sell property easily by following the simple guidelines set out by the government for foreign investors. Mexican real estate is an easy investment with a lot of upside potential. In fact, one of the many available homes for sale in Mexico might become the best decision you ever made!

Are Foreigners Allowed to Buy Mexican Real Estate?

Yes! Foreigners can buy, rent, lease, sell and will their property to their heirs using fideicomisos or by creating a company.

Fideicomisos are a Mexican bank trust created by the Mexican government. A trust in Mexico functions in the same way as a trust in Canada or the United States. This arrangement allows you to hold the title of the property in your name at a Mexican financial institution. Your property can’t be sold or modified unless you are the beneficiary of the trust, just like it is in Canada and America. While the bank gives you the vessel to hold title, the title of the property belongs to you and is not considered an asset.

The trust system was created by the Mexican government to allow foreign property investors to be permitted to buy without the need to revise Mexico’s entire Constitution. This is because the country previously prohibited foreigners from purchasing property within the “Restricted Zone” which is an area located 50km from the coast or 100km from the border. These trusts are available on 50-year terms and can be transferred.

It is a Myth That You Can Lose Ownership of Your Property in Mexico; Don’t Believe It

Because of the previous restriction on foreign buyers being allowed to buy land and property within Mexico, the myth that Mexican property ownership can be lost is still popular. This notion dates back to a time when Mexican real estate laws were not liberalized. As previously mentioned, foreign buyers could not purchase land within the Restricted Zone in the past. These laws were altered almost 30 years ago and foreigners can now legally and safely buy Mexican property! 

The authorities encourage foreigners to buy property in Mexico by allowing them to use trusts or establish Mexican companies. You can rest assured that the government and anyone else cannot take any of your profitable properties away if you follow the steps for foreign ownership!

Use a Credible Real Estate Agent to Help You Through the Mexican Real Estate Process

Mexico has different property laws and regulations than the United States. It’s a good idea for you to hire an experienced Mexican real estate firm that is familiar with Mexican law. This will ensure that you have the most up-to-date and accurate information.

One example of a time when you will need the help of a real estate company in Mexico is when you have to sign all the paperwork as the law in Mexico requires legal contracts to be written in Spanish. This means that no sale contract, regardless of how formal it may look, will be legally binding if it is written in English. It is important to remember that an exact translation of the contract is required if it is written in both Spanish and English. 

A good real estate agent has a lot of knowledge, which is important when you are looking to buy any property especially in a foreign country like Mexico. Their knowledge and experience in helping clients buy a home in Mexico is unsurpassed.

Conclusion

Do some thorough research and contact a reputable real estate agent in Mexico to get the best advice and access to Mexico real estate professionals with the most experience. They will help you understand the process and teach you everything you need about purchasing property in Mexico!

Boston Waterfront Homes are a Great Investment and a Great Way to Live

Boston is one of the great American east coast cities. Located along the Atlantic Ocean, Boston is a thriving port that has long been part of American history. Today, this town still occupies a central place in American life. Many people head to Boston to explore the roots of American history and culture. They also head here to enjoy the region’s many sites. Residents or those who are looking for a second home will find the Boston real estate market a thriving place with many possible home choices.

While many areas of Boston are popular, one of the most popular parts of the city is the area by the waterfront. Many of the cities that surround Boston – Such as Cohasset have great beaches.  Boston luxury waterfront homes allow people to be part of the lovely area adjacent to the harbor. Many people love the easy access to the rest of the downtown section as well as the easy access to the rest of the city at the same time. Buying a home in this part of the city not only makes a great base, it also frequently makes a great investment choice for the homeowner.

Having Fun

Living along the beach front area of the city means having a house that is all about fun. During the summer, residents have a space to retreat from the heat. The cool breezes of the local beaches next to the waterfront area means a place to cool off even when the area is very hot. The local community next to the waterfront also means easy access to many beaches in the area. During the rest of the year, a Boston waterfront home also means access to fresh air from the Atlantic Ocean while still enjoying a quick to all the joys of the local Boston downtown.

Boston has many amenities from museums to historical sites to year round concerts. It also means easy access to the many economic opportunities that the Boston area offers. Those who want to pursue a career in specific fields such as the arts and finance can also find it here. Living in Boston waterfront homes means that any resident can enjoy at all right here all season long.

A Great Investment

Another advantage of buying a beach front home in Boston is that such properties are only likely to increase in value in the coming years. Buying a house in a lovely area that is centrally located in a thriving area is always a good fiscal choice. For those who are living in Boston and wish to work there as well, the house allows them to have the best of the both worlds  They get access to an area that is adjacent to the ocean and a home that also makes it easy to get anywhere in the city of Boston quickly. A centrally located home is always likely to attract buyers no matter the market conditions. Anyone who wants to use their housing dollars efficiently should consider living and investing in a beautiful Boston home by the sea.

Luxury Homes of Wilmington NC

With an explosion in real estate sales in recent years, Wilmington NC has grown as one of the premier destinations for luxury homes. With the range of waterfront home options many people enjoy relaxing on their porch of a historic home with views of the Cape Fear River or one of the many beaches.  If you would rather luxury beachfront living, we can help you find the ultimate oceanfront home where you can watch the sun set over the Atlantic Ocean.

Wilmington NC is located in an extremely unique place for luxury properties.  Wilmington has water that surrounds in from all sides – including lakes, rivers and the ocean.  This unique scenario provides a variety of luxury homes all withing a centralized area.  In addition to the luxury waterfront and beachfront homes available, Wilmington NC is a very old city with a historic downtown area with an abundance of style and class.

Historic Area of Wilmington

With the long history of Wilmington, its no surprise that they have a thriving downtown area which is referred to as the historic district.  With very old structures and new construction alike, tourist enjoy spending the day walking through the downtown area.  With the Cape Fear river running through the middle of the city, there are many options for home-ownership.

Beachfront Homes of Wilmington

Wilmington is known for beachfront homes that offer the height of luxury.  Just South of Wilmington just a very short drive from the previously mentioned downtown area, you stumble across Carolina Beach.  With beachfront homes and their downtown boardwalk, Carolina Beach is a great destination if you are looking for a variety of waterfront properties.

Other waterfront areas in the direct vicinity of Wilmington are Leland NC, Hampstead, Kure Beach, Wrightsville Beach and Rocky Point.  All of which feature a different take on luxury homes.

Luxury homes in Wilmington have been one of the most sought after destinations for a quaint, serene lifestyle.

Luxury Homes in New Orleans

Homes in New Orleans

Luxury homes continue to be in great demand across the greater New Orleans area. Although New Orleans homes are know for being old and rustic, in fact, many of these elegant and lavish houses were all rebuilt after Hurricane Katrina. That storm – along with Hurricane Rita – destroyed countless homes, businesses, and residences in the Gulf Coast area. However, New Orleans surely got the brunt of these storms will millions of dollars in damages across the city.

In recent years, New Orleans real estate has see a strong resurgence with many new residential and commercial establishments. This has also led to many new luxury houses and condominium developments, along with complete upgrades and overhauls of the previously destroyed neighborhoods. If looking for the best in luxury New Orleans homes for sale, we have you covered.

Types of Homes in New Orleans

New Orleans  is a haven for luxury homes and oak tree-lined streets. From luxury condos to luxurious two-story properties and even mini mansions – the area continues to boon with new homes and investments. Many houses also feature economically-green options.  Whether looking for homes with swimming polls, Jacuzzis, or large yards – New Orleans truly offers it all. In fact, this burgeoning area is considered one of the top and affluent communities not only in Louisiana – but across the nation.

Investing in New Orleans

New Orleans is considered one of the top prime-real estate areas in the South. However, this area is also a great place to work and a raise a family in.  With the booming economy since the Hurricanes coupled with the insulation from the real estate crash of 2008, NOLA is a hotbed of investment.

This was one of the main aspirations of investors when they completely revitalized, rejuvenated and replenished the city of New Orleans. In fact, they wanted NOLA to be blanketed with new schools, parks and plenty of fun-filled and safe activities for all residents, families and guests.

This is one reason New Orleans continues to build and expand – with the hopes of attracting and engaging new families and businesses to the area. Real estate agents have also been working hard to schedule walking tours, walk-throughs, and even virtual tours of out-of-state investors and buyers. They work hard in helping neighbors meet and greet each other, while participating in community events as well.

With so much to do and see, New Orleans Luxury properties continue to attract home buyers from all over the world. This area is slated to grow even more in the coming months and years. If you are interested in purchasing a luxury home in NOLA, simply contact your local real estate agent and he or she will make it happen!

The Northshore of New Orleans

For many people that love the city of New Orleans but would like to own a home in a suburban area, the Northshore may be for you.  The Northshore of New Orleans is accessible via the 24-mile-long Causeway bridge, the longest bridge over water in the world.  The Northshore provides a much more relaxed lifestyle while being in close proximity of NOLA for commuting.  The Northshore is also home to some of the best schools in the state of Louisiana.  These factors have driven the property values and the demand for housing in and around the Northshore.

Some of the most popular communities on the Northshore sport some of the most luxurious homes in the Greater New Orleans area.  The Northshore is considered by many to be a water community.  With many of the homes for sale in Madisonville being on the water, many homes include boat launches and boat storage.  Some of the most popular cities on the Northshore are Covington. LA; Mandeville, LA; Abita Springs; and Slidell.

In addition to the main cities of the Northsore listed above, other desirable cities is located in Tangipahoa Parish have seen tremendous growth over the last few years including homes in Ponchatoula.  Historically an agricultural powerhouse in the region, Ponchatoula, LA still has an abundance of undeveloped land and is situated on the I-12 corridor, which is one of the most traveled interstate highways in the nation. The abundance of land and access to transportation make Ponchatoula a great option for both residential and commercial buyers.