Selling Costs Explained

Q: I am thinking about selling my condo in Gringo Gulch and buying a house. What expenses will I have and how do I pay? Sheryl, P.V.
A: You must pass your title free and clear of any liens or encumbrances. Prior to the closing, the Notario will order a no liens certificate from the Public Registry. Therefore, you will need to pay all utility bills up to the closing date. You must also liquidate and pay severance to any domestic employees. This should be done in front of the local labor board, and it is important to get a signed receipt, as the lien stays with the property and would come back against the new owner. Your condominium homeowners administration fees must also be paid up to the closing date and you will be asked to provide the new owner a copy of a letter from your administrator proving payment. You must also have your property taxes (“predial”) paid up to date. The bank trust fee must also be paid current, and typically there will be a bank fee to cancel or transfer the trust. I sure hope you have made a profit on your investment, and in that case there will be a Capital Gains tax to pay. If you are a Mexican citizen or a foreigner with tax residency of Mexico, you may be totally or partially exempted from this tax by virtue of your residence. Foreign visitors will need to pay the tax, which it currently set at 30% of the net gain. The Notario will help calculate and is responsible to collect this tax, so it is critically important that you keep all your official receipts (“facturas”) on any improvements or expenses you have had and provide these to the Notario in order to raise your tax basis. It is also important to understand that the legal currency here is Mexican pesos, so with the current weakness in the peso vs. the Dollar, even though you may not have a gain in Dollars, you may have a gain in pesos, which will be taxable here in Mexico. The good news is that you can claim this payment as a tax exemption back in the US. Your local AMPI Realtor can guide you through this process, and help preserve and protect your rights. Ask around and select a knowledgeable expert. You will have to pay Real Estate fees, but the expert advice is well worth the cost. Selling a property here is a complicated business and mistakes can be costly and must be avoided. Ask for a “factura” and you can write the fees off against those nasty Capital G

Single Story For Sale in Club Residencial, Flamingos

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•  1555 sqft , 2 bath , 2 bdrm single story FOR SALE  USD343,933 .

Welcome to BELIEVE located in a cul’de-sac, minutes away from the soft, silky and peaceful beaches of Flamingos and Bucerias is now available for the select few. BELIEVE offers a semi-Olympic, heated swimming pool, solar panels for common areas, fragrant manicured gardens, fully equipped gym, great lobby with high-speed elevators, a trendy roof top with romantic ocean views of colorful sunsets and the lush mountains! BELIEVE is designed to please the most discerning buyers who look for quality, design, space and great amenities. doggie park, reading-yoga lounge, 5 different floor plans, including Lock off units for rental purpose. The best investment opportunity at a very affordable price!
Private Remarks: Unit 702 is an affordable 2 bed, 2 bath ocean views and a wonderful breeze! Listed Price already includes a 7% discount!!

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Single Story For Sale in Moscota, Moscota

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•  54439 sqm single story FOR SALE  USD279,000 .

GREAT FOR A DEVELOPMENT, A RETREAT OR EVEN A RANCH! This lot is over 13.44 acresof flat land surrounded by Mountains. In the MAGIC TOWN OF MASCOTA JALISCO. 10 thousand feet away from Mascota LAKE, this lot has access from the highway that connects with SAN SEBASTIAN DEL OESTE and a couple of hours from PUERTO VALLARTA. Electricity and water are available. Mascota is a region with BEAUTIFUL PANORAMAS of the WESTERN SIERRA MADRE, with VALLEYS, MOUNTAINS, FOREST, and RIVERS. The locals are kind, happy, and very proud of their history. It’s a small town that invites you to lay back and relax. Old-fashion cobblestone streets flanked by colonial-style houses.

The WEATHER here is AMAZING the average is 70 degrees Fahrenheit.

Mascota is a region with BEAUTIFUL PANORAMAS of the WESTERN SIERRA MADRE, with VALLEYS, MOUNTAINS, FOREST, and RIVERS. The locals are kind, happy, and very proud of their history.
It’s a small town that invites you to lay back and relax. Old-fashion cobblestone streets flanked by colonial-style houses.
The WEATHER here is AMAZING the average is 70 degrees Fahrenheit.

The name itself is not from the Spanish language (where it would be translated as “pet”), rather from Teco, “Amaxacotlán Mazacotla”, that means, “THE PLACE OF DEERS AND SNAKES”.
The population is 8,215 inhabitants, is located in the NW of Jalisco State, at approximately 1200 meters over sea level, strategically located between Guadalajara (at 120 miles, capital of the state, and Puerto Vallarta (60 miles away), one of the most famous tourist destinations in the country.

It’s a small town that invites you to lay back and relax. Old-fashion cobblestone streets flanked by colonial-style houses.

Don’t forget to enjoy the local food and delicacies, on a fresh afternoon or in the morning ask for a “café de olla”, eat some home-made cookies and purchase some of the many local sweets, stuffed guayabas, sour guayabita, camote sweets, mango skins and more. Another option, for adults, includes different types of “rompopes”, which is like an eggnog, variants include vanilla, chestnut, or the season fruits and berries, for people that enjoy something with more kick, what about a close encounter with a shot of Raicilla?
Locals and tourists alike enjoy hiking, horseback riding, kayak or boat tours, rappelling, rock climbing, and fishing in the lagoons.
The petrified field at El Malpaís is located a mile northeast of Mascota, it is said that during a day of strong volcanic activity the whole place was covered with ashes and lava. There is a legend that states that people have found an orchard fruit in the middle of the fields, they’d eat some of the fruit, and later when they’d try to find the place again, they couldn’t.
The town of Juanacatlan has a great little lake called Laguna de Juanacatlan (laguna: lagoon, lake, pond) some 8 miles northeast of Mascota, it’s surrounded by forests and hills, the lake itself is actually the crater of a dead volcano (quite interesting, no?). It’s a great place to fish, a location where you feel time stands still. The lake itself covers a total of 24 hectares and the panorama is beautiful. While you drive to the location, you’ll go through beautiful forests with a wide variety of conifers.

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Single Story For Sale in Mismaloya, Puerto Vallarta

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•  2898 sqft , 3 bath , 3 bdrm single story FOR SALE  USD969,000 .

This stunning beachfront Penthouse in a boutique south shore complex, features panoramic views of the crystal blue water, Los Arcos islands and private cove of Vallarta’s famed south shore. The open floor plan features a modern kitchen with granite counters, stainless appliances, and custom hardwood cabinets. The elegant and tasteful living room and gorgeous indoor dining completely open to the spacious covered outdoor terrace, for true ”indoor/outdoor” living! Vaulted ceilings and solid wood beams add to the drama. The two spacious guest bedrooms are havens of restful relaxation featuring gorgeous ocean views, spacious closets, separate air conditioning zones.

Upstairs, the beautiful master suite takes full advantage of the amazing views with private terrace, windows to the sea, king-sized bed, flat screen television and incredible “spa-style” bathroom with walk-in “rain shower”. Some other features of this newly remodeled beachfront home are easy care tile floors, zoned air-conditioning, full-size washer/dryer, parking space and storage locker. The well-maintained complex includes Secured entry, professional management, storage room and lovely pool surrounded by tropical gardens. This beautiful beachfront home would be perfect for a second residence, retirement villa or investment property. Tastefully furnished and offered “turn-key” ready, this amazing home is “must see” property for those that always dreamed about having a tropical beachfront lifestyle!

Este increíble penthouse frente a la playa se encuentra en un conjunto boutique en la costa sur. Cuenta con vistas panorámicas a las cristalinas aguas de Los Arcos y a la caleta privada de la famosa costa sur de Vallarta. Su distribución abierta cuenta con una cocina moderna con superficies de granito, electrodomésticos de acero inoxidable y gabinetes de madera maciza diseñados a la medida.
Desde el amplio comedor y la elegante sala de estar se tiene acceso a una gran terraza exterior techada, con el que se disfruta de un verdadero ambiente “interior/exterior”. Los techos de bóveda y las vigas de madera maciza añaden un gran toque de distinción.
Las dos amplias recámaras para invitados son un gran refugio para la relajación, tienen magníficas vistas al mar, amplios armarios y aire acondicionado independientes.
En la planta superior se encuentra la hermosa suite principal que aprovecha al máximo las increíbles vistas con una terraza privada, ventanas hacia el mar, una cama king size, pantalla plana y un increíble baño tipo spa.
Además, este departamento recién remodelado y frente al mar cuenta con suelos de cerámica fáciles de cuidar, aire acondicionado independientes, lavadora/secadora de gran capacidad, espacio de estacionamiento y bodega.
Es un condominio bien mantenido que tiene una entrada con seguridad, administración profesional, cuarto de almacenamiento y una hermosa alberca rodeada de jardines tropicales.
Es un hermoso hogar frente a la playa, perfecto para ser una segunda casa, una villa de retiro o una propiedad para inversión. La propiedad está amueblada con buen gusto y se ofrece “llave en mano”, por lo que si siempre has soñado con tener un estilo de vida tropical frente a la playa debes visitarla.

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