In today’s Puerto Vallarta vlog we meet up with local Puerto Vallarta real estate agent Ryan Donner. Ryan answers all of your questions about real estate in Mexico and buying a house in Puerto Vallarta!
Information about Zenith Puerto Vallarta: 1:37
HOA Dues in Puerto Vallarta: 4:35
Traditional Mexican condo in Puerto Vallarta: 5:36
Benefits of buying a condo or a traditional home: 8:20
What is the process to buy a house in Mexico: 9:01
Can you get a mortgage in Mexico?: 9:46
Housing market in Puerto Vallarta: 11:56
Can you negotiate on home prices in Mexico?: 12:32
Can an American own a home in Mexico?: 13:12
Mortgages in Mexico: http://crossborderinvestment.com
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Understanding the real estate market in another city can be tough, even worse is trying to understand the real estate market in a foreign country.
We interviewed and went on a property hunt House Hunters International style with local Puerto Vallarta real estate agent, Ryan Donner. We asked some common questions that most first time foreign investors have.
To get an idea of what condos in Puerto Vallarta, Mexico look like and cost, check out the video:
Curious about what you can buy for under $150,000 USD in Puerto Vallarta, we’ll take a look at a property that fits that budget.
Looking for something a little more modern complete with rooftop pool and lunge? We’ve got that covered too!
Buying property in Mexico as actually a very simple process, not altogether different from the United States. The only major difference is that your deed is held in a bank trust called a fideicomiso. The trust acts very similar to a living trust in the US.
Once you’ve made an offer and it’s accepted, you will fund the escrow account and we will help you, through a notary to set up the bank trust. The entire process takes anywhere from 45-60 days. With the help of knowledgeable agents like Ryan Donner, you can feel at easy throughout the entire buying process.