Baja's Coastline Blog
La Ruta del Vino
Mexico is known as the Land of Enchantment, but it can also be referred to as the Land of Secrets. One of those little known secrets is the beautiful wine country in the State of Baja California. This area in the Valle de Guadalupe (Guadalupe Valley) is known by the locals as la “Ruta del Vino” (Wine Route). Wine connoisseurs all over the world have been familiar with the excellent quality and incredible tastes of wine from this area for years. La Ruta del Vino is to Baja California what Napa´s Wine Country is to Northern California. The wonderful thing about La Ruta del Vino is that is it less than one hour’s drive from Southern California.
"What about health insurance? Am I retiring to a foreign country without it?” I hope you know your insurance options before you make this decision"
I am sure many retirees have the same question! How can we get health insurance when we retire in a foreign country like Mexico, particularly Rosarito Beach in Baja California? And do I understand their policy fully.
Before you move you must do some research to live and to retire anywhere overseas with the idea that U.S. Medicare won’t cover you beyond its borders and most likely neither will U.S. Health Insurers?What are your options as foreign resident in Mexico? Let me tell you we have several options for you!
Foreign Ownership
Foreigners can safely buy property in Mexico and enjoy the full rights of ownership Buying in México is quite different than buying in the USA. However, it can be done in a completely safe manner.The latter is more typically used with commercial property, but it has also been used for residential property. Bank Trust – Fidecomiso – where the Bank becomes the trustee holding title and the buyer becomes the beneficiary of the trust. The buyer enjoys all of the same rights they would have in fee simple ownership: the rights to buy, sell, lease, use, bequeath, improve, transfer and encumber.
A Fidecomiso works much the same way as a family trust in the United States. This is the simplest, safest way for a foreigner to hold real property in coastal México.Read more on Mexican Bank Trust . What is the Restricted Zone?Article 72 of the 1917 Mexican Constitution defines the Restricted Zone as any property that lies within 100 kilometers (62 miles) of the border and 50 kilometers (31 miles) of the coast.
This Zone was established to protect the sovereignty of México after the incursions by other countries in the 1800’s. In 1973, the Foreign Investment Law was established to allow non-Mexicans to hold title in the Restricted Zone through a 30-year renewable bank trust. In 1993, the Foreign Investment Law was amended to allow bank trusts to be renewable for 50-year periods.
Common Selling Mistakes
Mistake #1 -- Placing the Wrong Price on Your Property
Every seller obviously wants to get the most money for his or her product. Ironically, the best way to do this is NOT to list your product at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property. Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price.
Mistake #2 -- Mistaking Re-finance Appraisals for the Market Value
unfortunately, a re-finance appraisal may have been stated at an untruthfully high price. Often, lenders estimate the value of your property to be higher than it actually is in order to encourage re-financing. The market value of your home could actually be lower. Your best bet is to ask your realtor for the most recent information regarding property sales in your community. This will give you an up-to-date and factually accurate estimate of your property value.
The Gringo’s Survival Guide
The Gringo’s Survival Guide: How to Pick the Right Agent and Avoid Meltdown
By Sharon I. Heafey and Victor Loza
Ouch that Hurt!
If you knew us, the last thing you would ever think was that we were gullible. We’ve owned very successful businesses, she a computer consulting and training company for 20 years, worked for a law firm, he an Accounting and Investment Consulting firm, We come from families whose philosophy is, ‘Believe half of what you see and none of what you hear.”
Many Foreigners Moving To Mexico
Everyone seems to agree:
Cost of Living
In one excellent-value and Exclusive community in Rosarito , Baja California, Mexico, the graceful stoned streets and painted colonial facades give a prosperous, old world feel. You can eat out at fine restaurants; Enjoy the theater, orchestra, and plenty of festivals and celebrations.
We aim to serve all clients with awareness, truthfulness and trustworthiness. We are devoted to provide information that is comprehensive, up-to-date and professional. We expect this service culture throughout every level of our business and no deviation from this high ideal will be accepted. Our clients deserve, and will receive, the finest service ever offered by any real estate company |
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