Posts Tagged financing in mexico

Mexico Real Estate Testimonial – Why I choose to live in Northen Baja California

Why I choose to live in Northen Baja California
Written By: Tomas Dolcini

Since I was a child growing up in a predominately Spanish-speaking neighborhood, my dream had always been to buy a home and live in Mexico, preferably by the ocean. On May 6, 2011, that dream came true for me and I signed off the escrow paperwork for my beautiful Mexican-style villa in a Golf Resort called Bajamar located in Ensenada.

Mexico Real Estate Testimonial - Buying A Home And Living in Mexico

Mexico Real Estate Testimonial - Buying A Home And Living in Mexico

The entire experience was an adventure for me. Having purchased a home here in the United States, I was somewhat familiar with how a real estate purchase worked, but was unfamiliar with the Mexican laws. I had heard that Americans could not purchase property along the Baja Peninsula and could only lease for 99 years, so that concerned me. I wanted to reside in Mexico, but be close to the United States, so my family and friends could easily visit. I never thought in a million years I would be able to afford a home with an ocean view in Mexico, because homes with ocean views in the United States cost over one million dollars.

I decided to do some research and stumbled across a website titled www.owninginmexico.com. I was blessed to have found that website. This website had links with thorough explanations to all the various developments in Baja California, and lots of pictures to see what I was up against. I was flabbergasted at the inexpensive prices that were totally within my budget. I made a phone call to ask some questions and spoke with Kathy Katz. She was very enthusiastic and answered all of my questions in a friendly and professional manner. I enjoyed the conversation so much and hung up feeling so positive, that I booked a flight and headed out for Baja that same week to look for houses.

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Can In-House Financing Help Trigger the Next Baja Real Estate Boom?

Financing in Mexico

Financing in Mexico

With a slow housing market trending the real estate world and economic uncertainty glooming over millions, Baja real estate developers may yet attract buyers with purchasing plans very much within their affordable grasp.

The number of housing and condo developments in the Baja California coast increased significantly in these past years; as a result of the boom in constructions and the current market conditions opportunities are arising for the knowledgeable investor who can expect a significant return on the investment after the market has recovered, or the American retiree considering moving to México .

Baja California has been attracting retirees for decades with its perfect weather, affordable beachfront housing and accessibility to U.S. services; in response to this the medical infrastructure has been updated with state-of-the-art hospitals covered by some US insurance companies; assisted living services have been created which combined with the continually increasing purchasing power of the dollar against the Mexican peso, have given these retirees not only a secure economic future but an upgrade on their lifestyle as well while extending their income by 3 years per each 10 of retirement funds. Read the rest of this entry »

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