Once upon a time, Americans were not allowed to buy property in Mexico. And once upon a time this was true. Mexico had "restricted zones" and these zones included the coastal waters edge inland 30 miles, from the border inland 60 miles, and all of the Baja Peninsula states of Baja California and Baja California Sur.
Leasing and time shares were the only purchase options in those areas available to most Americans, until Mexico's Foreign Investment Act of 1993 and the North Atlantic Free Trade Agreement of 1994. Now it is possible to own property in the restricted zone with all the same rights as "fee simple" in U.S.
Since ownership became possible, Mexico's tourist meccas have exploded with U.S investment dollars and development growth. I went to Puerto Vallarta last year and there were so many developments happening I could barely keep track.
You must do your homework before you buy in Mexico. Here are some tips before buying in Mexico: Research the integrity of the developer, talk to others who have purchased in the proposed development, take out title insurance and the most important thing - do not drink margaritas before or during the signing. You may have forgotten what you bought in the morning!
As a full time, full service Realtor, I serve the Bay Area and offer a variety of real estate services to help you through the process. My diligence, drive & tenacious approach to problem solving will provide you with top notch results for selling or buying. I work hard for my clients and strive for their best results. Call me to discuss your real estate needs at 831-331-9455 or email at ginaodom@gmail.com.
Tuesday, June 19, 2007
Monday, June 18, 2007
Oakland Homeowners: Loans and Grants for Home Repair
Oakland homeowners, help is here for that home repair or improvement--electrical, plumbing, sewer repairs, seismic retrofitting, hot water heater, furnace, roof and gutters, painting, etc. Even if your credit is less-than-perfect, you may be eligible to borrow money and avoid dishonest, predatory lenders and unscrupulous contractors. See the various programs available at
http://www.oaklandnet.com/government/hcd/loansgrants/rehab.html or call (510) 238-3909 for our brochure and application package.
http://www.oaklandnet.com/government/hcd/loansgrants/rehab.html or call (510) 238-3909 for our brochure and application package.
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