Manzanillo is particularly popular with travellers who prefer a bit of the backroad. Although a popular tourist destination for Mexican Vacationers with all the amenities from great music, restaurants, festivals and ocean ventures, one does not see the large crowds of American, Europeans and Canadians spending their big dollars.
While everything from art to jewellery and wonderful souvenirs for the tourists is available, Manzanillo is also a bustling port city with an international flavour mixed into the Mexican culture. In general, it is less expensive and more laid back, where tourists are viewed as friends rather than a dollar bill and there tends to be less English spoken than in the more touristy areas.
The markets are quaint and the communities surrounding them display the real culture of Mexico versus the more stylized version designed for American consumption. Prices are much lower than the Mayan Riviera, as well as more popular areas from Puerto Vallarta on up to the Baja Peninsula. Manzanillo is known as the “sailfish capital of the world”.
Because it is still somewhat off the beaten path there are still great opportunities for buying beachfront resort properties right on the ocean. Those, who are interested in buying property in Mexico, should look for resort properties for sale in Mexico.
1:- Choice of location: When choosing a property that will continue to increase in value, be sure that it is close to amenities such as nightlife, transportation, restaurants, shopping, particularly grocery shopping and a medical clinic or hospital.
2:- Fulfills your budget: Follow the old saying ‘let your purse be your master’ and you will not land in any trouble. That means the property you buy should suit your budget. Also be aware that you will have the extra expense of setting up a Bank Trust if the property is on or near the ocean. Foreigners are not allowed to own property in Mexico that is closer than 100 kilometres (about 62 miles) of any Mexican border and within 50 kilometres (about 31 miles) of any Mexican coastline. However, in order to permit foreign investment in these areas, the Mexican government created the “fideicomiso,”, a real estate trust. A Mexican bank must be designated as the trustee and, as such, has title to the property and is the owner of record. NAFA has additional binding regulations that forbid the Mexican government at any level to take over possession of properties held in such a manner.
3:- Whenever possible, avoid the extra cost of using a Realtor: This is particularly true in Mexico because Real Estate Agents and Brokers are not legally licensed in Mexico. Consequently, a foreign buyer cannot always depend on the normal safeguards that would be applied to real estate transactions in the United States or Canada. Never give funds directly to the Real Estate Office. They are not legally required to put your funds in trust.
4:-The most important consideration when purchasing real estate in Mexico, whether you use a Realtor or not, is that you have a highly reputable Lawyer, who will make sure you have a clear title and who either is a Notary or is a lawyer who works through a Notario. To be sure that an attorney is licensed in Mexico, a foreign buyer should ask to see the attorney’s license or have the attorney’s license number included in a retainer agreement before employing any services.
Request that you are provided early occupancy of your new property for the season desired and that the Seller is not provided with your funds until the title is transferred and the Fideicomisariois in place. In that way you will not be frustrated with the slow process that is generally caused by releasing the previous Trust before a new one can be established.
Bob and Norah Hamilton, as well as RA Hamilton & Associates Inc, have been in business for the past three decades. They also have property for sale in Ajijic, Jalisco, Mexico as well as holding high-end condominiums in Drumheller, Alberta, Canada. These condos are equipped with all the modern conveniences, as well as air-conditioning, Wi-Fi, parking, full kitchens, Internet access, etc. Those, who are interested in buying them, can contact RA Hamilton & Associates at 403 420 5881.
For further information click condominiums for sale in Drumheller. Buyers can contact RA Hamilton & Assoicates Inc to receive information on a broad selection of real estate investment opportunities from Okanogan, BC to Grande Prairie and Drumheller, Alberta, Buffalo Pound, Stockholm and Esterhazy, Saskatchewan, as well as Mexico.
