Christine Harrell asked:




For years, Americans have entertained the idea of retiring in Mexico. But today with the rising cost of living in the US, more and more people are buying property in Mexico and enjoying their retirement years for far less than they could north of the border. Contrary to popular belief, retiring and buying property in Mexico is much easier than most people think.

Retirement friendly Mexico:

Mexico isn’t just a great place to retire simply because buying property in Mexico is inexpensive and the weather is world class. The Mexican government offers attractive benefits like a special visa and inexpensive health care for expatriates who come to Mexico seeking the good life in their retirement years.

The “rentista” is a special type of non-working visa available to retirees 51 and older. In order to obtain a rentista, you’ll need to provide a letter from the bank or social security administration stating that you receive a certain minimum income each month. Retirees are also eligible for IMSS, a Mexican social security plan that costs $200 per year and covers medical, dental, and vision care.

Buying property in Mexico:

Mexico has made buying property in Mexico for non-nationals a simple process. You don’t need to be a resident of Mexico to own a home in Mexico. If you’ll be buying property in Mexico within 50 miles of the coast or 100 miles of a national border, you will need to set up a Mexican corporation which will technically own the land or a beneficial trust called a fideicomiso.

When buying property in Mexico, make sure to choose a reputable real estate agent to help you get your corporation or trust established correctly. There is no real estate license system for selling and buying property in Mexico, meaning that anyone can act as an agent whether or not they are familiar with the laws and procedures. Before buying property in Mexico, be sure to spend time researching real estate agents and choose one with experience and references for working with international buyers.

Property Taxes:

Property taxes, called predial in Mexico are extremely low compared to the US Canada, Europe, and most parts of the world. The tax is a percentage of the assessed value of the property, which is determined at the time of the sale. This is another good reason for buying real estate in Mexico before the prices start to really climb.

Although your property value may rise drastically, you’ll continue to pay taxes on the stated sale price. The percentage of property tax you’ll pay depends on where you buy real estate in Mexico. In most places, the predial is approximately 0.1% of the stated value.

Weather:

The type of weather you will experience greatly depends on where you choose to buy real estate in Mexico. No matter where you buy real estate in Mexico, you probably won’t need a heavy winter coat, but there are great differences in the weather depending on which part of the country you’re in.

If you choose Costa Maya property, you’ll enjoy warm and gorgeous tropical Caribbean weather for part of the year, balanced by the rainy season between June and October. For more temperate weather, you may want to consider locations that are located 3,000 to 6,000 above sea level such as Oaxaca or Chihuahua.

The benefits to retirees such as inexpensive property, a wonderful healthcare system, and a relaxing environment are just the beginning. Mexico is rich with culture and tradition, filled with eco-friendly things to see and do, and has some of the most amazing landscapes you’ll find anywhere in the world. If you’re just beginning to think about retiring and buying property in Mexico, you’re in for an exciting journey of discovery on your quest for knowledge about this fascinating country.

James Gunaseelan asked:




Are you contemplating hiring a real estate agent? If so, the pros and cons of doing so are probably weighing on your mind. The fact of the matter is that there are benefits of having an agent on your side, but at the same time there are drawbacks that you may also want to concern yourself with.

With so many real estate options, it is crucial to employ the best. Each of our real estate agents have a proven track record when it comes to home buying, home selling and the world of real estate. In the ever competitive world of real estate agents and the burgeoning climate realtors and home sales, local knowledge and professional acumen is what we offer to each and every client. With every burgeoning real estate market comes a high number of real estate agents. Knowing which of these realtors to select is may just seem like yet another decision in the home buying process, but it is also one of the most critical ones you will make. Real estate agents should have knowledge of their chosen region, proven track records in the competitive world of realty and a professional acumen.Showcasing homes is the business of realtors the world over but, as with any business, there will be those who consider it a passion to be the best real estate agent in the region. After making the decision to buy or indeed sell a home, selecting a real estate agent is next. Making that easier for you is what we want and what we know we can deliver.

So what is the biggest benefit of hiring a real estate agent? Before you can answer this question you need to consider if you are a buyer or seller. If you are buying a home, the biggest benefit of working with an agent is their experience. They not only have experience helping people to find properties in your area, but they also have experience with negotiating. Both of these things will help you to become much better qualified as a buyer.

On the other side of things, most sellers use a real estate agent. The reason for this is quite simple: this cuts back on a lot of the work that the seller will have to do on their own. When a seller works with an agent they have the ability to lean on them for everything that needs to get done. This includes finding potential buyers, marketing, open houses, negotiations, closing procedure, and much more. Selling a home by owner has its financial benefits, but it also means that you will be responsible for a lot more work. Most sellers decide that hiring a real estate agent is a much better choice.

There is no denying that some people feel that hiring a real estate agent is a dumb idea. In fact, it all depends on who you talk to. Some buyers like to do things on their own and the same holds true for some sellers. But guess what? You need to make the decision that is best for you; even if everybody around you has done differently. If you think that working with a real estate agent is the best option, you should do so.

Overall, the majority of people agree that buying or selling with a real estate agent on board is much less stressful. Do you agree with them?

Real Estate Advisor asked:




Women are working more, earning more and buying more than they ever did. Consequently, they have a significant influence on the American economy in general, and the real estate industry in particular.

The collective buying power of US women accounts for about 85 % of all consumer purchases. When it comes to purchasing patterns, women are estimated to make 94 % of home furnishings decisions, 91 % of new homes purchase decisions, and 89 % of travel decisions.

Women’s earnings have accelerated over the last few years and they have emerged as the Chief Purchasing Officers in their households. According to IRS data, women constitute 39 % of the top wealth holders in the country. This means about 2.5 million women possess a wealth of $4.2 trillion put together. Notably, the IRS estimates that by 2050, 42 % of these women will be single or widowed. The IRS further estimates that more wealth is bound to be accumulated among women.

Another growing trend that emerged in a December 2006 study by the National Association of Realtors (NAR) was that about 22 % of homes purchased between July 2005 and June 2006 were by single women who were in the 25 to 34 age range. Women accounted for a record number of 1.76 million home purchases (1 in every 5 homes), a significant increase from 14 % a decade ago. Women’s growing success in their careers, higher education, financial independence and a desire to build an early nest on their own, are some of the reasons that have spearheaded this home buying trend.

Among the vast demographic spectrum in the real estate industry, women have become a force to reckon with. Real estate agents are increasingly taking note of their female clients and the power they wield in home buying decisions. By the influence that they bring into play in home buying decisions, women form a significant and growing market that simply cannot be ignored.

If you are considering buying a home, condo, or any other real estate, be sure to seek out the services of a local real estate agent to guide you through this complex process.

Real Property Management asked:

In southern California, especially property management in Orange County is an important investment in real estate.

The return on your property depends on hiring a qualified professional and attentive management company property. Hiring the wrong management company can mean the loss of thousands of dollars or more. The owners who hire the right property management company OC however, can enjoy the benefits of an investment property profitable. Some of the most common, and often, the errors at the expense of a property owner makes the investigation is not doing enough. The more research you do, the more you can avoid hiring a company of mismanagement.

management companies who also sell property properties, often national companies like Century 21, etc. is usually a bad idea. In general, are major real estate agents, who also do property management, because they want to handle when you choose to sell the property. A management company of the property as this is not a good idea because they make more money than the sale of management. You would benefit more from a smaller company, specialized that only deals with property management in their area and nothing else.

For example, if your property is in Huntington Beach, you should try to find a local expert Orange County property management company that has extensive experience in the local area . Be sure to check references from other clients of his management company. Do not be afraid to make some calls, and get a good track record. You should not sign anything before you have a good idea for the company that is hiring is the best in property management in Orange County and you can trust. Moreover, as owner, you should not be too demanding of the references either. A good management company property will not disclose all customer information to you,

because it is private and confidential information. The management company is not making obscene amounts of money in the administration of his property, so I can always tell you to take your business elsewhere if it is too much pain. You will do well with about 3 references to speak, and get an idea of how they work with their customers. Some other things to consider: Is the company licensed in the state of California? Is the insurance company? Do you have a loyalty to protect themselves in case of an employee mishandled their money? Do you offer reporting? Will you sell your property? How to deal with late charges? How to handle tenant complaints? And so on. Here are some tips to make sure you hire a good company property management professional and effective management of your property, helping to turn your home / apartment apartment / commercial property in a constant investment.



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