In this episode of Dream Retirement in Mexico, hosts Risa Morimoto and Taniel Chemsian provide valuable insight for prospective buyers interested in purchasing property in Mexico. They stress the importance of considering rental potential when making a purchase as this is a common way for people to make income while they are not staying at their property, especially when they are not full time residents in Mexico.
While other regions also rent well, they may not have the same rental occupancy rates. They emphasize on the need for a reliable and experienced team when navigating real estate transactions, including a real estate agent, attorney, and suitable notary for the closing.
They discuss the differences between buying property in Mexico compared to North America, and recommend using an MLS system when possible to ensure reliable listings. Not all areas in Mexico use the MLS system. They also provide important information about the process of closing property deals and the restrictions for foreigners buying property in the restricted zone.
Here is a video that gives more insight into a closing that was mentioned in the podcast:
Overall, the episode provides insightful guidance for those considering a dream retirement in Mexico and highlights the unique aspects of purchasing property there.
JOIN THE FREE WEBINAR on Where and How To Buy Real Estate in Mexico as well as healthcare options for foreigners. Puerto Vallarta real estate broker, Taniel Chemsian, healthcare specialist, Pamela Thompson and co-founder of Dream Retirement in Mexico Risa Morimoto share their expertise and insider knowledge. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
[00:03:16] MLS support by Vallarta chapter of AMPI.
[00:07:57] Property manager ensures house well-maintained remotely.
[00:11:56] Clients renting long term in different regions.
[00:14:55] Beautiful town with active beaches and stunning sunsets.
[00:17:59] Vallarta: Beachfront resort with modern and colonial architecture.
[00:21:35] Meeting demand and building projects takes time.
[00:26:20] Foreigners acquiring property in restricted zone.