One other GREAT advantage I don’t see mentioned is the 2% acquisition tax required in your closing costs. This is why those closing costs are higher here. That sounds like a LOT of hard earned money, but on the opposite side of the coin, EVERYONE pays it upon closing-even Mexican Nationals. However; annual property taxes here are almost non-existent. I recently sold a home for $389k USD that had a whopping $16 USD annual property tax…and the government gives you a discount off that amount if you pay by the end of January each year and save them from additional tracking. Mexico is a beautiful place, with a staunchly catholic population that still believes in family values. Yes, you can be cheated if you are vulnerable and uneducated in Mexican law, but these issues are usually driven by investor’s greed to ‘obtain a steal of a deal’. It can be a steal all right, but are you the thief or the victim? Have you prepared yourself, and are you armed with accurate information? Like the 99 year lease myth…totally untrue, but far too many still perpetuate it based on ‘old’ knowledge.

If you just remember you’re in a foreign country, and you act accordingly to protect your interests and your investment, there are far more straight shooters and friendly locals than there are bad guys.

I love it here. We’re here permanently now, and we’re loving the view, the ocean, the weather. We’re only a 2 hr flight from the USA, health insurance, car insurance, life insurance, home/title insurance are all available here, and I’m just a phone call away from children and grandchildren.

Personally, I wouldn’t trade waking to the birdsong and crashing waves on the beach for anything. When the economy up north turns back around, our ‘resort’ pricing will rise with it. This is a buyer’s market only because owners from up north are selling off their ‘candy’ and vacation homes to supplement their financial needs due to the economy they live in. We don’t actually get the flu here when America gets a cold. We have buyers from all over the world…though we do have less foot traffic because of the media mis-hype, that’s just a political maneuvering between the US govt and the new Mexican president they’re trying to control.

Don’t cancel your trips, and don’t let the media hype stop you from travelling. You’ll have a great time, you’ll be treated well in Mexico because they need to reassure you enough for you to return again next year. You’ll love the awesome weather, flora and fauna here. It can’t be experienced anywhere else! Come to Mexico; see for yourself.

The cost will not include travel, so you’d be welcome to join this trip if coming from another area in Canada or the U.S. This will be a great opportunity to explore the San Miguel real estate environment, with the assistance and guidance of a variety of local experts.

In addition to daily home tours, the itinerary will include cultural events, visiting art and furniture galleries, delicious cuisine, the surrounding locales, and meeting with local professionals experienced in all aspects of purchasing real estate in Mexico. Please feel free to contact me for more information.

David Murray MacLean, Sales Representative
Royal LePage Your Community Realty, Brokerage

If you are not in a beach zone which can involve a Fidesco (a trust), then real estate is based on “fee simple” ownership which is the same as US home ownership. You can even get title insurance which will guarantee ownership for you and those for whom you will pass down ownership. There is no 99 year lease.

I suggest you stay out of Mexico, its not for you.

You seem so hostile to a land that hosted you. If it’s such a horrible place why were you there? You are right.. mexicans really don’t like your kind nor do they want you there. I seriously think that with your racist ignorant attitude the US is the place for you.

http://www.ireport.com/docs/DOC-27544 (from 2008)
http://www.pressreleasepoint.com/violent-raid-paradise-tulummexico
(just this past November 2009)