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Not All ‘Agents’ are Agents - The Real Estate industry has not been as regulated and controlled as in USA and Canada, thus many people are acting as ‘agents who are NOT. State by state this is changing. Ask for proof of AMPI registration to verify professional & ‘real’.
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Websites - There are scams and phishing on many websites, and Mexico does not have one national search tool like realtor.com so it is best to use FLEXMLS in your region. I offer a free FLEXMLS search tool for Puerto Vallarta & Riviera Nayarit at https://shastatownsend.com/home-search-tool
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Escrituras - This is your Official Deed. Ensure there is an escritura on property and land. Your agent should verify and obtain a copy. If there is no escritura, RUN!
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Ejidos - STAY AWAY. Foreigners can NOT own on ejido land. It is nationalized agrarian land, and sometimes scammers try to sell to foreigners.
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Federal Zones: If you are near a Federal Zone the Deed (escritura) will be held in a Fideicomiso (bank trust) 50 kms of an ocean, 100 kms of an international borders a Federal Zone.
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Fideicomisos are Normal - You are the legal owner - a Fideicomiso de Zona Restringida (Real Estate Trust of a Restricted Zone) is a legal document with which a Mexican bank will, for lack of a better word, lend you their name so you can use and manage the property. If you are outside the Federal/Restricted Zone, you do NOT need a fideicomiso.
Your Partner & Resource - Shasta Townsend
My expertise and exceptional service have earned me features on prestigious platforms including HGTV, The Huffington Post, and MSN Money & more.
I am an AMPI registered agent with REMAX On The Bay, and I specialize in white glove relocation as well as real estate with a global perspective.
If you are ready to find your Mexico shangri-la or curious what’s on the market here in Puerto Vallarta and Riviera Nayarit, let’s connect.
Schedule your complimentary 15-minute call now
