Investing in real estate in Mexico isn’t necessarily an easy process, which is why employing the services of qualified experts in the area is the best way to protect your investment and obtain the property most suited to your needs.
With that in mind, we would like to address some of the common questions we receive from people exploring their options for real estate in Riviera Nayarit, Mexico.
Most of our customers come from the United States and Canada, with a small percentage being Mexican nationals. The majority of these buyers use their property as a source of income through vacation rentals, often hiring Galvan Real Estate & Services for property management.
One of the biggest challenges foreign buyers and investors face when seeking to purchase real estate in Mexico, especially in areas like Riviera Nayarit, is that a bank trust is required in order to buy properties within 50 kilometers of any coastal area.
These are known as restricted zones. In other words the bank is the legal owner of the property, however the beneficiary (the buyer) retains all rights to sell, rent, remodel, etc. This can be a slightly complicated legal process that foreigners have difficulty navigating by themselves.
Galvan Real Estate alleviates this problem by advising our clients through the entire closing process so that there are no surprises along the way. It’s also about making sure that the seller, who may or may not be working with a realtor, is informed of their obligations and providing all necessary documentation so that everything goes smoothly.
As a result, we have many satisfied clients from all over North America who have successfully used our services to navigate the process from start to finish, and are now proud owners of vacation rental properties in Riviera Nayarit.
Some investors do attempt to purchase properties in Mexico without the assistance of a broker, but this can have potential negative consequences that complicate the process and add unnecessary stress.
For example, if the seller isn’t using the services of a broker, they may not be aware of the legal fees or capital gains taxes they must pay upon sale of the property and may change their mind at the last minute, potentially ruining your travel plans and forcing you to restart your property search. This is why having a broker on your team is essential to ensure that none of these problems arise.
There are many ways that a property can be sold in Mexico and not all of them are suited for foreigners. It only makes sense to use the professional services of an agent in order to ensure the whole process goes smoothly and your investment is protected.
At Galvan we are familiar with each way to hold title for a property, and the legal ramifications of each type. We know how to best meet our buyer’s needs and also when it is better not to proceed.
With a long history and deep community roots in the Riviera Nayarit region, and three offices providing a full array of business services, Galvan is uniquely positioned to help you achieve your Mexican real estate investment goals. We have a comprehensive range of services that cover all of our clients’ real estate and investment needs in Riviera Nayarit.
Furthermore, since many buyers are focused on using their real estate purchase as an investment, Galvan helps those individuals make the most out of their investment. Our Rental and Property Management departments will maximize a buyer’s rental income, while at the same time reducing expenses and maintaining the property to high standards. This ensures the property value is secured while eliminating any stress for the owner as they know everything is taken care of.
We personally inspect each property we manage on a weekly basis and after each major storm to check for damages. Galvan keeps a close eye on all the properties we manage to ensure they are kept to the highest standards for our discerning clients.
If you have any further questions about purchasing properties in Riviera Nayarit, Galvan Real Estate is the market leader in the area and we are standing by to serve you.
Whether you’re purchasing a retirement home, a winter vacation getaway, or an investment property to use for rental income, Galvan Real Estate & Services is your comprehensive solution.
Contact us here to discuss how we can help you move forward with your real estate dreams in Riviera Nayarit.