Mazatlan Real Estate

Cerritos

2008-10-18T16:01:00.003-06:00

Bedrooms: 3
Bathrooms: 4.5
Levels: 2
Size(sf): 3120
Price: $420,000
Garage: Yes
Pool: No
Construction Status: Under Construction
Ocean View: Yes
Location: Cerritos

Sabalo Country

2008-10-16T14:46:00.002-06:00

Bedrooms: 3
Bathrooms: 2.5
Levels: 2
Size(sf): 2346.5 SQ FT
Price: $230,000
Garage: Yes
Pool: No
Construction Status: NEW CONSTRUCTION COMPLETE
Ocean View: No
Location: SABALO COUNTRY CLUB

The Mexican land lease

2008-10-15T14:28:00.002-06:00

A land lease for more than ten years is not legal and never has been legal in Mexico. If a lease that exceeds ten years is finalized and the landowner decides he wants his property back after the first ten years, he can disregard the agreement and legally take back the property regardless of the time period noted on the lease. The leaser would have no alternative, because a lease that exceeded ten years was signed and finalized. In this case, and under these circumstances only, can the Mexican Law take away the option to use the Mexican Court System. We recommend a lease only if you have limited your total investment to an amount you feel comfortable with, knowing that at the end of the, up to ten year, period you could be asked to leave the property. Today, the landowner may say he will renew your lease as many times as you want, but that may not be the case in the future.

El Toreo

2008-10-14T17:25:00.004-06:00

Bedrooms: 3

Bathrooms: 2.5

Levels: 2

Size(sf): 1862

Price: $153,750

Garage: Yes

Pool: No

Construction Status: Resale

Ocean View: No

Location: El Toreo

HOA Fee: $0

La Ventana

2008-10-13T12:28:00.003-06:00

Bedrooms: 3
Bathrooms: 2
Levels: 1
Size (sf): 1873.88
Garage: Assigned Parking
Price: $419,999
Pool: Yes
Construction Status: Completed/Resale
Ocean View: Oceanfront
Location: Marina Mazatlan
HOA Fee: $150

Financing and Closing

2008-10-11T10:42:00.002-06:00

Financing

There is financing available through Mexican banks and now with US banks too. US banks have traditionally been reluctant to provide mortgage financing on Mexican property due to their inability to obtain title and potential difficulties with foreclosing in a foreign country. Purchases were limited to investors only with sufficient resources to buy real estate and had no need for financing.

Recently, this situation has changed dramatically. It seems there are more and more mortgage companies coming to Mexico. They offer seventy percent (70%) of the appraised trust amount. Interest rates vary yet most are two to three percent (2%-3%) above US rates and have up to fifteen (15) year amortization rates, although due to changes happening so rapidly the information you are now reading could be obsolete. It is best to check the current rates and see what the lenders are offering today. The bank trust has become sufficient collateral and a simple notation is made on the trust document to protect the lender (If buying in the interior a lien is placed on the property, much like in the US). Everyday more and more lenders are realizing that their investment in Mexico is a safe investment. Their introduction of mortgage capital shows a vote of confidence in Mexican real estate.

Closing

When an offer is made and accepted by all parties, a survey, current appraisal, and a letter of inspection are required. If the transaction is with a trust then the letter of inspection is sent to the bank and the bank will give you a letter that says all trust fees and requirements are met with the bank. A file is opened with a notary, and a lien waiver certificate, property tax receipt for the current year, and a letter from the Home Owners Association are required. This validates that all fees are current and there are no pending assessments with the Association or the Federal Zone. The Notary will also need from both parties of the transaction: proof of full names, marriage certificates, place of birth, official identification, and your visa to prove you are in Mexico legally. He takes all this information verifies it, along with a title search, and will not sign any document until everything is in order and within Mexican Law. Once everything is in order the notary will sign the document, record the transaction, and collect all government fees. The seller pays the capital gains tax, if any. However, an arrangement can be made to have the buyer pay this fee. The Notary will inform you of the amount, almost to the cent. Cash changes hands the minute the seller signs over the deed and, customarily, the buyer pay notary fees, which must be paid when the title is signed over. At this point the transfer is executed. Now, the notary must take the escritura to the Registro Público de la Propiedad (Public Registry of Properties). This should be done promptly, as the transaction is not valid until registered. Finally, once this is done the transaction is complete.

Alaska Air Miles

2008-10-08T15:05:00.003-06:00

Icebox Hill

2008-10-07T10:07:00.006-06:00

Icebox Hill

Bedrooms: 4

Bathrooms: 4

Levels: 4

Size(sf): 11300

Price: $1,475,000

Garage: No

Pool: Yes

Construction Status: Resale

Ocean View: Yes

Location: Ice Box Hill

HOA Fee: $0

El Dorado

2008-10-04T13:28:00.002-06:00

Bedrooms: 3
Bathrooms: 4
Levels: 2
Size(sf): 2841
Price: $319,560
Garage: Yes
Pool: No
Construction Status: Under Construction
Ocean View: No
Location: Near Golden Zone
HOA Fee: $100

Club Real

2008-10-03T07:46:00.002-06:00

Bedrooms: 3
Bathrooms: 2
Levels: 1
Size(sf): 1,655
Price: $270,000
Garage: Yes
Pool: Community (5)
Construction Status: Completed
Ocean View: No
Location: Marina Mazatlan
HOA Fee: $60

Tourism article

2008-09-29T10:52:00.001-06:00

There will be new tourist center in Sinaloa: Calderón

Monday 29 of September (11: 07 hrs.)

It will be the more important project “of tourism in the last 25 years and the first two decades of the 21st century”
It affirms that the country is leaving ahead and it advances by the correct way
The Financier in line

Mexico, 29 of September.

- President Felipe Calderón announced that the new Tourist Center Integrally Planned will be located to the south of Mazatlán, Sinaloa, and will be the more important project “of tourism in the last 25 years and the first two decades of the 21st century”.When inaugurating the Mexican Expo of Real estate and Tourist Investment 2008, exposed that in spite of the delicate financial and economic situation in the world the tourism in Mexico is leaving ahead and advances by the correct way.In center of Bancomer Exhibitions, the agent chief executive emphasized the positive indicators in tourist matter and emphasized that in this Mexico year he has received more than 13 million tourists who represent an increase of more than five percent with respect to the past year.He exposed that during the first seven months of the year eight thousand 400 million dollars by concept of cost of international tourists entered the country mainly, six percent more than in the same period of 2007.He aimed in addition that with than two million 200 thousand uses registered more in the tourist sector are continued creating opportunities for more Mexican.Accompanied by the governors by Sinaloa, Quintana Roo, Baja California and Nayarit, as well as the secretaries of Tourism, Economy, Social Development, Communications and Environment, announced of formal way the project of the integral center of the coast of the Pacific.One is the project “more excellent than he has been realised in Mexico driven by the public sector; one is about the most important project of tourism in the last 25 years and the first two decades of the 21st century”.Calderón Hinojosa explained that project of will develop in Sinaloa, to the south of Mazatlán - in Teacapán, Escuinapa- and will be a tourist pole of national and international impact.That integral center of the Pacific, whose tourist surface will be of the double of the one of Cancún, will be in favor of its importance around the main vacacionales spaces of the world.According to the projections of the National Bottom of Promotion to the Tourism (Fonatur) for 2025 it is anticipated to receive almost three million tourists, to generate 78 thousand direct and indirect uses and to catch currencies by almost three billions of dollars; one is without a doubt “a great opportunity of businesses”.On the part of the federal government one will lean with a public investment of almost five billions of pesos for the development of the project, and it is had contemplated that this one detonates a deprived investment of 66 billions of pesos as well.Also “we are driving the construction of infrastructure necessary to communicate this center yet the country”, said and as example remembered that some months ago the project was inaugurated that modernizes the wagon section between Mazatlán and Tepic.Thus, it detailed, “the federal government sees it express and it with these actions that the tourism is a fundamental sector for the viable economic development and for the creation of uses that the Mexicans demand”, thus it is acted in diverse fronts to impel its growth.First of all, it indicated, are generated the conditions adapted for the investment, when maintaining the economic stability in spite of adverse the international surroundings.That has promoted an entrance of investment deprived of almost seven thousand 800 million dollars in the sector tourism in which it goes of this administration, number that represents 40 percent of the sexenal goal, indicated.In addition the infrastructure is impelled that allows to be more accessible the tourist centers, and for 2012 three new airports will have been constructed at least and extended other 31.He assured that in the matter of tourism as in many other areas “Mexico he advances”, reason why he exhorted the industralists to invest in the country because “they can be sure that the federal government will follow impelled political public in tourist matter”.Policies, added, that they have what to see with economic stability, legal certainty, respect to the State of right and which they are translated in more investment, infrastructure and uses for the Mexicans.At the beginning of the speech of the agent chief executive an activist of Greenpeace, with a raincoat that was tried to clear, showed by seconds a small placard with the legend: “Not to the tourism predator”.The young person was retired of the place, but at the end of the act, with a black bikini and heels, already without the raincoat, she was placed in the outside of the Bancomer center with the same placard. (With information of Notimex/AYV)

Habrá nuevo centro turístico en Sinaloa: Calderón

Lunes 29 de septiembre (11:07 hrs.)

Será el el proyecto "más importante de turismo en los últimos 25 años y de las primeras dos décadas del siglo XXI"
Afirma que el país está saliendo adelante y se avanza por el camino correcto
El Financiero en línea

México, 29 de septiembre.

- El presidente Felipe Calderón anunció que el nuevo Centro Turístico Integralmente Planeado se ubicará al sur de Mazatlán, Sinaloa, y será el proyecto "más importante de turismo en los últimos 25 años y de las primeras dos décadas del siglo XXI".Al inaugurar la Expo Mexicana de Inversión Inmobiliaria y Turística 2008, expuso que pese a la delicada situación financiera y económica en el mundo el turismo en México está saliendo adelante y se avanza por el camino correcto.En el Centro de Exposiciones Bancomer, el mandatario destacó los indicadores positivos en materia turística y subrayó que en este año México ha recibido más de 13 millones de turistas que representan un incremento de más de cinco por ciento respecto al año pasado.Expuso que durante los primeros siete meses del año ingresaron al país ocho mil 400 millones de dólares por concepto de gasto sobre todo de turistas internacionales, seis por ciento más que en el mismo periodo de 2007.Apuntó además que con más de dos millones 200 mil empleos registrados en el sector turístico se siguen creando oportunidades para más mexicanos.Acompañado por los gobernadores de Sinaloa, Quintana Roo, Baja California y Nayarit, así como los secretarios de Turismo, Economía, Desarrollo Social, Comunicaciones y Medio Ambiente, anunció de manera formal el proyecto del centro integral de la costa del Pacífico.Se trata del proyecto "más relevante que se haya realizado en México impulsado por el sector público; se trata del proyecto más importante de turismo en los últimos 25 años y de las primeras dos décadas del siglo XXI".Calderón Hinojosa explicó que ese proyecto de desarrollará en Sinaloa, al sur de Mazatlán -en Teacapán, Escuinapa- y será un polo turístico de impacto nacional e internacional.Ese centro integral del Pacífico, cuya superficie turística será del doble de la de Cancún, estará por su importancia a la altura de los principales espacios vacacionales del mundo.Según las proyecciones del Fondo Nacional de Fomento al Turismo (Fonatur) para 2025 se prevé recibir casi tres millones de turistas, generar 78 mil empleos directos e indirectos y captar divisas por casi tres mil millones de dólares; se trata sin duda "de una gran oportunidad de negocios".Por parte del gobierno federal se apoyará con una inversión pública de casi cinco mil millones de pesos para el desarrollo del proyecto, y se tiene contemplado que éste a su vez detone una inversión privada de 66 mil millones de pesos.También "estamos impulsando la construcción de infraestructura necesaria para comunicar este centro con todo el país", dijo y como ejemplo recordó que hace algunos meses fue inaugurado el proyecto que moderniza el tramo carretero entre Mazatlán y Tepic.Así, detalló, "el gobierno federal ve y lo expresa con estas acciones que el turismo es un sector fundamental para el desarrollo económico sustentable y para la creación de empleos que demandan los mexicanos", por lo cual se actúa en diversos frentes para impulsar su crecimiento.En primer lugar, indicó, se generan las condiciones adecuadas para la inversión, al mantener la estabilidad económica a pesar del entorno internacional adverso.Eso ha promovido una entrada de inversión privada de casi siete mil 800 millones de dólares en el sector turismo en lo que va de esta administración, cifra que representa 40 por ciento de la meta sexenal, señaló.Además se impulsa la infraestructura que permita ser más accesible los centros turísticos, y para 2012 se habrán construido al menos tres nuevos aeropuertos y ampliado otros 31.Aseguró que en materia de turismo como en muchas otras áreas "México avanza", por lo que exhortó a los empresarios a invertir en el país pues "pueden estar seguros que el gobierno federal seguirá impulsado políticas públicas en materia turística".Políticas, agregó, que tienen qué ver con estabilidad económica, certidumbre jurídica, respeto al Estado de derecho y que se traduzcan en más inversión, infraestructura y empleos para los mexicanos.Al principio del discurso del mandatario una activista de Greenpeace, con una gabardina que se intentó quitar, mostró por unos segundos una pequeña pancarta con la leyenda: "No al turismo depredador".La joven fue retirada del lugar, pero al término del acto, con un bikini y tacones negros, ya sin la gabardina, se colocó en el exterior del centro Bancomer con la misma pancarta. (Con información de Notimex/AYV)

House in Lomas

2008-09-28T16:16:00.002-06:00

PROPERTY INFORMATION

DOWNSTAIRS

-BEAUTIFUL SWIMMING POOL WITH WATERFALL
-LIVING ROOM AND DINING ROOM
-LARGE KITCHEN WITH ISLAND
-BEDROOM
-SERVICE ROOM
-3 CAR GARAGE WITH ELECTRIC DOOR OPENER

UPSTAIRS

-3 MASTER BEDROOMS
-TERRACE

PRICE------------ $560,000 USD
LOCATION------ LOMAS
BEDROOMS---- 4
BATHROOMS-- 3
LOT SIZE-------- 6,458 SQ FT
HOUSE SIZE---- 6,178 SQ FT
HOA FEES------- N/A

New development!

2008-09-25T21:23:00.000-06:00

A Company will build 4 Towers on the Malecon
With an investment of 30 million dollars Proa Group will start in November of 2008 the construction of the complex of condominiums “Breath Mazatlan” which will consist of 4 towers of 16 floors in each building with total of 144 units.
The complex will be located between the Hotel Aguamarina and Torre Azul, on the malecon in an area of an extension of 8,000 m2, there mentioned Francisco Prieto, Architect and investor of Breath Mazatlan.
Yesterday he had a meeting with the Mayor Jorge Abel Lopez Sanchez to formalize the beginning of work and to agree date for the placement of the Breath Mazatlan's first stone that might be realized in the first week of November. He indicated that it will rely on 250 booths and an entrepiso, that it is where there are the common areas, cafeteria, gymnasium, common lounge, among other benefits. "The license was already deposited, they were fulfilled by all the requirements that there marks the City Hall, feasibility of drinkable water and sewer. In addition there was formalized the take-off of work that will be had in two or three weeks", he said.
"First we will have the sales office, we are going to clean the area and in November it will initiate the foundation of the towers. Everything is going to be constructed together in one face, 144 units to 100% and we think to end in 24 months". The project will have the quality of being an development oriented to the environment, he said, for it they will add a lot of green areas, even in the roof of the construction. He made clear that it is named a green project because 60% of the area will be green, it will rely on a plant of water treatment and will rely on a certification of autosustentabilidad internationally called Leadership Energy and Environmental Design.
"It is a building that concerns the environment as little as possible. This certification forces that from the first day everything is documented that are recycled materials. For what LEED requires it is that the consumption of energy is efficient", he indicated.
"Nothing of the water use will get lost, will pass for a treatment plant to be re-used in the irrigation of garden areas and the roof of the building". There is foreseen that it will rely on 42,000 square meters of construction, for what they will offer an important labor offer.
"We have developed everything in Mexico, for time we had been negotiating to construct here and with possibilities like it we wanted, principally in the malecon. The idea was to do a development that was authentic and the malecon gives us it ", he said. The prices of the departments will go from $ 150,000 thousand to $ 500,000 USD.

GREEN PROJECT:
Group Proa, which is integrated by five investors of the Federal District, will construct in Mazatlan a project to which they call "green", because from the beginning it will have a certification of autosustentabilidad internationally.
·
· Four towers will be done.
· Each tower will have 16 floors
· Between all towers they will have a total of 144 condos.
· There will be a space for 250 booths of parking, cafeteria, gymnasium and common lounge.
· They will focus on the green areas and the treatment of water system.

www.noroeste.com.mx / Héctor Contreras 23-Sep-08

Construirán 4 torres en el malecón
Con una inversión de 30 millones de dólares, Grupo Proa iniciará, en noviembre, la construcción del complejo de condominios Breath Mazatlán, que constará de 4 torres de 16 pisos cada una y un total de 144 unidades.
El complejo estará ubicado entre el Hotel Aguamarina y la Torre Azul, sobre el malecón en un terreno de una extensión de 8 mil metros cuadrados, mencionó Francisco Prieto, arquitecto e inversionista de Breath Mazatlán.
Ayer sostuvo una reunión con el Alcalde Jorge Abel López Sánchez para formalizar el inicio de obra y acordar fecha para la colocación de la primera piedra de Breath Mazatlán que podría realizarse en la primera semana de noviembre.
Señaló que contará con 250 cajones y un entrepiso, que es donde están las áreas comunes, cafetería, gimnasio, salón común, entre otros beneficios.
"Ya se ingresó la licencia, ya se cumplieron con todos los requisitos que marca el Ayuntamiento, factibilidad de agua potable y alcantarillado. Además se formalizó el arranque de obra que se tendrá en dos o tres semanas", señaló Prieto.
"Primero tendremos la caseta de ventas, vamos a limpiar el terreno y en noviembre iniciará la cimentación de las torres. Se va a construir todo de un jalón, se construirá en una sola etapa, las 144 unidades al 100 por ciento y pensamos terminar en 24 meses".
El proyecto tendrá la cualidad de ser un desarrollo amigable con el medio ambiente, dijo, por ello privilegiarán las áreas verdes, incluso en el techo de la construcción.
Explicó que se denomina proyecto verde porque el 60 por ciento del área será verde, contará con una planta de tratamiento de agua y contará con una certificación de autosustentabilidad internacional denominada Leadership in Energy an Enviromental Design.
"Es un edificio que afecta al medio ambiente lo menos posible. Esta certificación obliga a que desde el primer día todo está documentado que son materiales reciclados. Lo que pide Leed es que el consumo de energía sea eficiente", indicó.
"Nada del agua de uso sanitario se perderá, pasará por una planta de tratamiento para ser reutilizada en el riego de áreas jardinadas e incluso de la azotea del edificio".
Se prevé que contará con 42 mil metros cuadrados de construcción, por lo que ofrecerán una importante oferta laboral.
"Todo lo hemos desarrollado en México, desde hace tiempo habíamos estado negociando construir aquí y con posibilidades como lo queríamos, principalmente en el malecón. La idea era hacer un desarrollo que fuera auténtico y el malecón nos da eso", agregó Prieto.
Los precios de los departamentos irán desde los 150 mil a los 500 mil dólares.

PROYECTO VERDE:
Grupo Proa, que está integrado por cinco inversionistas del Distrito Federal, construirá en Mazatlán un proyecto al que le llaman "verde", porque desde el inicio tendrá una certificación de autosustentabilidad internacional.

* Se harán cuatro torres.
* Tendrán 16 pisos cada una.
* Entre todas sumarán 144 departamentos.
* Habrá un espacio para 250 cajones de estacionamiento, cafetería, gimnasio y salón común.
* Privilegiarán las áreas verdes y el tratamiento de aguas residuales.
www.noroeste.com.mx / Héctor Contreras 23-Sep-08

Title Insurance

2008-09-24T16:21:00.002-06:00

Title Insurance is not required in Mexico but, it is very strongly recommended. The policy is a “contract of indemnity” that guarantees a purchasers ownership rights and lien interest as established in the public deed (escritura publica). This policy insures the purchaser against any loss suffered by a defect or cloud on title. The policy is the only guarantee that any buyer or lender can receive that protects their rights of ownership or lien priority as recorded in the Mexican public registry of property and commerce. There are two title companies with a good solid reputation for doing business in Mexico and they are Stewart Title Company and First American. They apply a United States standard of title insurance on property by performing an extended title search (non-standard by Mexican Practice) and obtaining all relevant documents in the chain of title. They have more than 110 years of real estate experience in the United States and are traded on the New York Stock Exchange.

Notario Publicos are very good but they do not provide any type of guarantee in the event of a defect on title. They do not have the financial responsibility to pay the property owner or lender in the event they suffer a monetary loss due to fraud, impersonation, misrepresentation, recording error, litigation against the seller, a prior owner, a missed lien, encumbrance, and/or a secret heir or undisclosed spouse.

The insurance policy is a onetime premium payment and the policy stays in full force and effect for as long as the purchaser owns the property. The company that issues the policy has the legal responsibility to defend the insured customer against any claims, losses, or lawsuits filed against the insured title holder. Normally they will respond within 30 days of any claim against title.

FONATUR

2008-09-23T07:55:00.001-06:00

5 billions project for *CIP Costa del Pacífico
*CIP: Centro Integral Planeado
The development of the first Center Integrally Planned of Sinaloa that will take for name Costa del Pacífico will need a total investment of $ 5,225 million pesos according to the offer of the National Fund of Promotion to the Tourism.(FONATUR)
For the CIP, which will be located on the coast that goes of Rosario to Teacapan, Fonatur raised to the Deputies' Chamber an investment of $ 1’157,000.00 million pesos next year, according to the Project of Budget of Expenditures of the Federation presented to the legislators on Monday. In the document there is described that the Integrally planned Center will develop 154 lots in which it will be Touristic Resorts, Hotels, Residential and Urban Housings, Beach Clubs, Golf Courses, Marina and Malls among others.
This 2008 estimated an investment in the zone of $ 476 million pesos, for the preparations of the project, and more or less similar quantities are foreseen after 2009. For the next year there would be destined the highest sum of the project with which it will start in form this development, which will rely on an infrastructure similar to that of other centers integrally planned like it was Cancun and Nuevo Vallarta.
A source of the Secretariat of Tourism confirmed that the project will be called Costa del Pacífico and that it might be announced of official form next week by the Governor Jesus Aguilar Padilla.
The Government of the State today there does public that they will initiate the works for the production of Rosario-Teacapán's Regional Plan, as part of the State Program of Urban Development and launches the summons for the public consultation of this plan.
He indicates that the interested parties will be able to take part in the urban and tourist development of the State, they can present offers from today until November 9, 2008; and the offers will have to appear in the administrative agencies of the State.

www.noroeste.com.mx Héctor Contreras 11-Sep-08

Paraiso

2008-09-20T13:00:00.005-06:00

PRICE------------488,999 USD
LOCATION------CERRITOS BEACH
BEDROOMS----3
BATHROOMS--3
LOT SIZE--------N/A
HOUSE SIZE----2,221
HOA FEES-------150 USD/M

Beautiful luxury furnished 3 bedroom 3 bath Condominium oceanfront property with a priceless view.
The Condo surrounded by breathtaking gardens, pool and beach areas that only some dream about.

Take advantage of this fabulous opportunity !!! Ready to move in !!!

YOU WILL NOT BE DISAPPOINTED !!!

ENTRANCE, PARKING AND PORTICO
• ENTRANCE PORCH
• 24 HRS. SECURITY, ACCESS CONTROL WITH AUTOMATIC CARDS
• PARKING PLACES IN COMMON AREAS INCLUDED IN THE PRICE
• COVERED PARKING PLACES THAT INCLUDE STORAGE AND AUTOMATIC DOOR AVAILABLE FOR SALE .
• TRELLIS COVERED PARKING PLACES AVAILABLE FOR SALE TOO

EXTERIOR AREAS
• WALKING TRAIL
• BEAUTIFUL GARDENS SURROUNDED BY A MANMADE RIVER, WITH CASCADE
• PRIVATE BEACH WITH PALAPAS
• PRIVATE COTTAGES AT THE BEACH AND AROUND THE SWIMMING POOL, INCLUDING BATHROOM AND BAR, AVAILABLE FOR SALE
• INFINITY SWIMMING POOL, WITH SHORT DEPTH AREA, INTEGRATED LOUNGES. CASCADE AND POND
• HEATED COVERED/UNCOVERED SWIMMING POOL INCLUDES CONTERCURRENT HYDROJET SYSTEM FOR EXERCISING AND MASSAGE
• SNACK BAR PALAPA
• EXTERIOR JACUZZI
• CLUB HOUSE
• TENNIS COURT
• MULTIPLE USE COURT

AMENITIES FOR YOUR ENJOYMENT
• MAIN LOBBY
• COMPUTER CENTER WITH HIGH SPEED INTERNET, FAX AND COPY MACHINE
• WIRELESS INTERNET IN EXTERIOR AREAS
• LOUNGE WITH BAR, CLIMATIZED CAVA AND TAVERN
• COMPLETELY EQUIPPED GYM
• DRESSING ROOMS FOR GYM USE
• SAUNA AND STEAMROOM
• MASSAGE ROOM
• POOL TABLE AND GAME ROOM

FACILITIES FOR SERVICES
• ADMINISTRATIVE OFFICES
• GARDEN AND GENERAL STORAGE
• EQUIPMENT ROOM
• PURIFIED WATER
• PRESSURIZED WATER SYSTEM
• GARBAGE ROOM
• DRESSING ROOMS FOR EMPLOYEES
• CARWASH AREA
• FISH CLEANING FACILITY

Garage #76 Available too with purchase $ 25,000.00
9 ft 6 inches length (car space) + 2 ft 6 inches length (closet space)
10 ft 2 inches inside width with garage door opening 9 ft wide and 7 ft 2 1/2 inches high

International Living article

2008-09-18T17:19:00.002-06:00

Mexico—still the world’s best retirement haven

Date: 08/31/2008 by the staff of International Living
For the second year running, Mexico wins our annual Global Retirement Index.
With rapidly rising fuel, health care, food, and travel costs, it’s nice to know there are still places where you can live well without burning through your retirement nest-egg. And Mexico is one of those special places. In Mexico, you can still enjoy a lifestyle that’s probably all but unaffordable for most people in the U.S. and Canada.

IL’s top 5 retirement havens in 2008

Mexico
Ecuador
Panama
Uruguay
Italy

Mexico offers the perfect mix of centuries-old traditions and contemporary lifestyles. It’s easy to get a residence visa. And the services, amenities, and discounts offered to retirees here are just as bountiful as in Panama, with its famous pensionado program—as are the overall cost savings. Plus, Mexico is closer to home.
Moving to Mexico means you can still have all the comforts you are used to north of the border: cable TV, high-speed Internet, and modern home appliances. And if you prefer, when you move to Mexico you can even bring all your favorite things with you without paying import taxes.
Goods and services cost less, so you can afford the kinds of luxuries only the wealthy enjoy up north: a maid, a cook, and a gardener, for example. Whether your vision of the ideal retirement involves shopping, fishing, sunbathing, diving, biking, mountain climbing, parasailing, collecting crafts, visiting archeological sites, partying, going to concerts, attending the theater, or fine dining, in Mexico you can engage in all these activities, and many more.

Live well in Mexico on $2,135 a month

Housing (rental of a two-bedroom home)

$800

Utilities (electricity, gas, water)

$125

Household help (housekeeper and gardener three days a week)

$150

Groceries

$300

Maintenance and fuel for one car

$150

Entertainment (dining out and other activities)

$250

Health care (two people at $280 per year for IMSS insurance, plus $63 per month for private-care incidentals)

$110

Incidentals (clothes, household items, etc.)

$100

Communication: phone, internet, cable TV

$150

Monthly total:

$2,135

This country is so diverse that everybody can find exactly what they want: beautiful, warm oceans, crystal-clear tropical lakes, fertile farmlands, temperate-but-majestic mountains, starkly gorgeous deserts, small towns or sophisticated cities.
And because of its geographic diversity, you can also choose your favorite climate: from warm and dry to warm and sultry to spring-like temperatures all year in the Colonial Highlands.
And if you’re looking for the home of your dreams, you can find it in Mexico—for much less than it would cost you most anywhere in the US or Canada. The real estate market offers endless possibilities for your retirement. You can own beachfront—not just ocean-view property—in Mexico for less than $100,000.

Editor's note: We assign points based (from 1 to 10 with 1 being dismal and 10 being excellent) on our perceptions of what is most important to us. As for housing costs, if we think they are extremely reasonable, we give the location a 10 ranking. This, too, is subjective, as housing costs in resort areas can be expensive yet still reasonable based on the fact that it is a popular destination where prices are likely to continue to appreciate.
Total points available for any one destination: 100.

How our Global Retirement Index is scored

Real estate: Countries where real estate prices are low and the purchase of real estate is relatively easy receive the highest scores. We use our own experiences plus reports from our contributing editors and real estate contacts around the world to rate each country. Weight: 15%
Entertainment, recreation, and culture: This category considers the number of newspapers per 1,000 citizens, the number of museums and cinemas per capita, the number of university students, the literacy rate, and the variety of cultural and recreational offerings. Weight: 10%
Cost of living: This score is based on statistics from the Indexes of Living Costs Abroad, Quarter Allowances, and Hardship Differentials, published by the U.S. Department of State, and on data published by Business International. We also use our firsthand experiences living and traveling in these countries. The lower the score, the higher the cost of living. Weight: 20%
Safety and stability: This measure of unrest in each country is based primarily on Interpol data and State Department statistics. It also takes into account the civil liberties and political rights granted by each government. Our own experiences and reports from expatriates living in these countries also influence the safety scores. Weight: 5%
Health care: Considered in this category are the cost of a typical visit to a general practitioner and the cost and coverage particulars of health insurance. Weight: 20%
Climate: Countries with temperate weather throughout the year, moderate rainfall, and little risk of natural disaster come out on top in this category. We use data representing each country as a whole instead of favoring one region over another. Weight: 5%
Special benefits: This category considers government provisions that make moving to and living in each country easier and more affordable for foreigners. Taken into account are property rights for foreign residents, property tax rates, duty-free imports on personal belongings, currency controls, employment restrictions, voting rights, and transportation discounts for seniors. Weight: 20%
Infrastructure: This section considers the number of cars and telephones per 1,000 residents, the length of railroad track in usable condition, the number of airports, the quality of the country’s road and highway network, and the availability of telecommunications. Weight: 5%

Country	Real Estate	Special Benefits	Cost of Living	Culture	Health	Infra.	Safety/Stability	Climate	Total
Mexico	85	72	68	72	82	62	92	90	77
Ecuador	90	75	72	63	73	47	88	100	76
Panama	80	85	63	66	75	63	100	65	75
Uruguay	90	57	67	70	79	62	100	93	74
Italy	63	63	51	100	93	65	100	87	73
Brazil	92	45	75	66	79	65	92	83	72
France	60	45	50	98	100	95	100	87	72
Argentina	83	40	68	71	86	63	100	93	71
Costa Rica	72	70	60	64	78	65	93	75	70
Australia	65	52	55	68	90	90	100	89	70
Malta	64	65	52	70	91	34	100	96	70
Belize	67	84	65	50	69	53	93	60	69
Malaysia	92	65	66	70	65	47	86	40	69
Nicaragua	87	68	62	60	69	38	79	75	68
Spain	55	49	50	72	94	71	100	87	67
South Africa	87	23	47	63	56	47	86	98	67
New Zealand	75	36	43	87	92	65	100	84	67
Greece	75	49	55	68	79	60	100	79	67
Chile	70	47	68	71	76	51	100	48	66
Thailand	80	50	62	69	70	49	71	43	63
U.S.	58	27	59	79	74	100	100	86	63
Colombia	83	34	57	63	76	47	71	91	63
Portugal	66	23	58	76	80	62	100	93	62
Slovenia	72	46	42	65	76	56	100	83	62
Ireland	20	79	29	85	85	57	100	59	61
Dominican Republic	67	55	52	50	72	34	86	57	60
Honduras	68	35	66	34	69	41	79	83	58
Croatia	61	20	45	70	80	56	100	95	58
U.K.	20	55	25	87	81	71	100	60	55

Puerta al Mar - 2nd option

2008-09-17T10:42:00.003-06:00

This is another option available;

PROPERTY INFORMATION

-LIVING ROOM AND DINING ROOM
-FULL KITCHEN
-3 BEDROOMS
-2 BATHROOMS (Master bath with Jacuzzi Tub)
-LAUNDRY AREA
-PATIO WITH GRILL AND BAR
-TERRACE
-2 CAR CARPORT

COMMON AREAS INCLUDE: SWIMMING POOL,
BASKETBALL AND TENNIS COURTS, COURTYARDS
AND OUTDOOR GRILLS

PRICE------------ $250,000 USD
LOCATION------ PUERTA AL MAR
BEDROOMS---- 3
BATHROOMS-- 2
LOT SIZE-------- 3,604 SQ FT
HOUSE SIZE---- 2,152 SQ FT
HOA FEES------- $60/M

Puerta al Mar

2008-09-16T11:50:00.005-06:00

This is a great new development near both the marina and the new convention center and mall. The houses are very well built with attention to detail. The pool on property is a beautiful infinity pool that overlooks the marina!

PROPERTY INFORMATION

-LIVING ROOM AND DINING ROOM
-FULL KITCHEN
-3 BEDROOMS
-2. 5 BATHROOMS (Master Bath with Jacuzzi Tub)
-LAUNDRY AREA
- PATIO WITH BAR AND GRILL
-TERRACES
-2 CAR CAR PORT

COMMON AREAS INCLUDE: SWIMMING POOL,
BASKETBALL AND TENNIS COURTS, COURTYARDS
AND OUTDOOR GRILLS

PRICE------------ $295,000 USD
LOCATION------ PUERTA AL MAR
BEDROOMS---- 3
BATHROOMS-- 2 1/2
LOT SIZE-------- 3,604 SQ FT
HOUSE SIZE---- 3,189 SQ FT
HOA FEES------ $60/M

Fonatur news

2008-09-15T10:41:00.001-06:00

House with pool in Lomas

2008-09-14T14:23:00.003-06:00

PRICE------------ $ 3,500,000 MX
LOCATION------ LOMAS
BEDROOMS---- 3
BATHROOMS-- 4 1/2
LOT SIZE-------- 3,229 SQ FT
HOUSE SIZE---- 3,336 SQ FT
HOA FEES------- N/A

PROPERTY INFORMATION
DOWNSTAIRS

- SWIMMING POOL WITH TERRACE AND GARDEN
-FOYER
-LIVING ROOM AND DINING ROOM
-FULL KITCHEN
-STORAGE ROOM WITH FULL BATHROOM
-HALF BATHROOM
-2 CAR GARAGE WITH ELECTRIC DOOR OPENER

UPSTAIRS

-3 BEDROOMS
-2 BATHROOMS
-TV AREA

What is a Notario?

2008-09-13T08:23:00.006-06:00

In Mexico, the notary public (notario público) is a public official appointed by the State Governor. He has the capacity to attest and certify documents and business and legal transactions that require authenticity. He also provides for strict security of original records and documents.

Some of the requirements for becoming a Mexican notary public are as follows:

must be a Mexican citizen
must by thirty-five years of age
have a law degree
three years experience working in a notary public office
must take and pass an examination and if he passes, in time the governor will give him an appointment.

There is supposed to be one Notario for every 30,000 citizens. The Notario not only has the power to witness and certify documents that require absolute authenticity and handles wills and business contracts, as well as real estate matters, it is required by law. If a document is not notarized by a Mexican notary public it is not legal! In addition, the Notario has the responsibility for the management and storage of original documents.

Although the Notario is a lawyer and generally selected and paid for by the buyer, the Notario won’t function as your attorney in the real estate transaction. He is responsible for being neutral and fair to all parties and cannot advise anyone involved in a transaction for which he is acting as notary.

Under Mexican law, the deed to property must be prepared by a Notario, who will ensure that all documentation and permits are in order and that there are no liens or judgments against the property, so that the transaction can proceed. He will also calculate the seller’s capital gains taxes and the buyer’s acquisition taxes. In short, everything official to do with your transaction should be done by the Notario.

Because of the responsibility and potential liability the Notario may incur, notary fees are significantly greater in Mexico than those of notaries in the USA and Canada. These fees are based on a rate schedule set by an official commission and are tied to the amount declared in the property transfer and are about 1.5% of the transaction value. There is also the 15% I.V.A. to be paid on the services.

Mexican Trust

2008-09-11T20:35:00.007-06:00

Foreigners may acquire direct ownership of property in the interior of Mexico; however, the Mexican Constitution regulates land ownership and establishes states that “…in a zone of 100 kilometers (about 62 miles) along any border or 50 kilometers (about 31 miles) along the coast, a foreigner cannot acquire direct ownership of this land.” This zone is known as the “restricted zone” or “prohibited zone.” Foreigners must use a trust to buy property within this zone. A real estate trust must be set up to hold title for the foreigner. Since foreigners are not able to enter into contracts to hold title to real estate in the restricted zone, they must have a bank act on their behalf.

Foreign investment in these restricted areas is possible through the use of a “fideicomiso” (fee-day-e-co-me-so), which is a Mexican real estate trust that was created by the Mexican government. The “fideicomiso” has been a legal document since December 28, 1989. A Mexican bank must be nominated as the trustee and is required to hold the title to the property. The Mexican Government created the "fideicomiso" to resolve the problems involved in developing the restricted zone and to attract foreign capital. Now foreigners, as beneficiaries of the trusts, can finance land located in the restricted zone without violating the law. The trust agreement is executed between a Mexican bank and the seller of the property in the restricted zone. The bank acts on behalf of the foreign buyer, taking title to the real property. The bank, as trustee, acquires the property for the foreigner, and then has a fiduciary obligation to comply with all instructions given to the bank by the foreigner, who is the trust beneficiary. The trust beneficiary retains and enjoys all the rights of ownership while the bank holds title to the property. The foreigner is entitled to use, enjoy, rent, remodel, profit (an example of this would be selling crops), and even to sell the property to any eligible buyer. Typically, the trust has a fifty (50) year term renewable indefinitely with annual fees of about five hundred fifty United States Dollars ($550 USD). There is a common misconception among foreigners investing in Mexico that once the trust term expires, the beneficiary loses all rights and benefits of the sale of the property held in trust. On the contrary, the beneficiary has a contractual right under the trust agreement with the Mexican bank to all benefits that may result from the use or sale of that property, even though he does not hold title to the property. Under Mexican Law, the bank has an obligation to respect the rights of the beneficiary. All foreigners are required by the Mexican government to obtain a permit from the Ministry of Foreign Affairs; even though this is executed by the bank and trustee it is recommended that a foreign buyer obtain the permit before finalizing any legal binding contract. This permit can be obtained in a few days. The bank is also expected to obtain a permit from the Ministry of Foreign Affairs. The reason for this is to ensure the trust’s beneficiary is granted the right of use concerning the property.

Welcome!

2008-09-11T16:10:00.000-06:00

I am starting this blog to hopefully assist and educate anyone who may want to buy property in beautiful Mazatlan, Mexico. I plan on having posts about laws, media articles, pictures and descriptions of properties or anything else pertaining to real estate. It is alot easier to buy a piece of paradise than you may think! My husband and I made the decision to move and work in Mazatlan about 3 years ago, and we have not regretted it for one moment!Mazatlan is a large city with a population of about 600,000 people and comes with all the conveniences you would expect from an urban area this size. Add a very active arts community, international airport, excellent food and over 14 miles of expansive golden beaches and what more could a person want?? Mazatlan is a very hot market in real estate and is growing quickly. There are over 15 condominium projects in construction and 18 more that are approved but have not broken ground. A convention center and mall are under construction. Whether you are looking for a 1 bedroom vacation getaway or large tracts of land for development, the time to buy is now!!