'Learn how to shop for Baja real estate' weekend cruise planned for July
By O'SULLIVAN INTERNACIONAL INC.
Tuesday, February 27, 2007
Tuesday, February 27, 2007
Ever wonder if retiring in Mexico is an option? Who would you ask to get basic questions answered: Can Americans own land? (Yes). Who can explain the process clearly? (Specialists). Are American property owners' and buyers' rights protected under Mexican law?
Investing in a foreign country has complexity requiring specialized knowledge and skills. Before considering a real estate purchase, foreign buyers in Mexico must assemble a variety of U.S.-Mexico transactions and legal linkage specialists -- attorneys, accountants as well as banking and finance professionals. Moreover, these specialists have to be good at working as a binational, bilingual and multicultural team.
More trouble than it's worth? The fact is there are fundamental differences in the way people buy real estate in the United States compared to Mexico. Many Americans buying in Mexico take risks they would never dare take in the United States. They fail to prepare their finances, taxes and bank accounts before they shop and then buy compulsively. They buy without having anyone defending their interests in Mexico. That's stupid.
Real estate salespeople in Mexico tend to underplay the initial cost and complexity of U.S.-to-Mexico real estate transaction. Many serve as the sellers' representative while acting as if they are the buyer's agent.
Tip 1: Because there are no licensing requirements for real estate agents in Mexico, buyers require a competent and honest Mexican attorney -- preferably bilingual.
Tip 2: The buyer's attorney writes all contracts in English first to get the buyer's approval. The English version is then officially translated into Spanish to be enforced under Mexican law.
Buyers need to do their homework. They should attend a seminar to learn about the legal requirements of both countries: taxation, banking, judicial, etc. Many seminars are offered by competent real estate franchises and brokers. Buyers should also do a market analysis by visiting the area personally, recognizing that property value comes with education, experience and sound judgment.
How better to learn how to shop for real estate in Mexico than by taking a weekend Royal Caribbean Cruise from Los Angeles to Ensenada and back? We have reserved just 20 spots for our inaugural cruise seminar in July. It's a wonderful weekend of pampering, travel and business all in one.
After leaving the Los Angeles Harbor Friday after work, we wake Saturday morning in Ensenada, Mexico. After breakfast, we take a custom bus tour of the best-of-the-best Baja Gold Coast realty. Leave your wallets, purses and pens behind, this is not a buying tour. This is a no-pressure educational seminar to teach how to shop for Baja real estate. On the way, we'll see where Donald Trump is building the tallest buildings in Baja, the "Russell Crowe perch" (Crowe lived in a luxury condo next to the Fox Studios Baja while filming "Master and Commander") and the place where the likes of Carlos Santana once called home.
The next day back on board ship we'll give a series of brief presentations by binational services specialists -- attorneys, accountants and others who will make themselves available to answer all your questions. Since everyone wants to spend time on the ship eating the delicious food, enjoying the fantastic entertainment and playing, we promise to keep these presentations succinct and Q&A comprehensive. Your critical legal and tax questions will be answered, you'll understand how to recognize value, and learn how to negotiate a good deal and walk away from a bad one. That alone could save you the cost of the entire weekend.
This weekend cruise is an ideal way to decide if buying real estate in Mexico is the right thing to do, how to do it safely and what standards to expect. You'll understand the process, prices and protections. If you do buy, this cruise will be the best way to ensure that your rights and interests are protected in Mexico. If you don't buy, you'll have an interesting and enjoyable weekend.
If you would like more information on the cruise or are considering investing in Mexican real estate, contact O'Sullivan Internacional Inc. at shrinktheplanet@gmail.com.
Investing in a foreign country has complexity requiring specialized knowledge and skills. Before considering a real estate purchase, foreign buyers in Mexico must assemble a variety of U.S.-Mexico transactions and legal linkage specialists -- attorneys, accountants as well as banking and finance professionals. Moreover, these specialists have to be good at working as a binational, bilingual and multicultural team.
More trouble than it's worth? The fact is there are fundamental differences in the way people buy real estate in the United States compared to Mexico. Many Americans buying in Mexico take risks they would never dare take in the United States. They fail to prepare their finances, taxes and bank accounts before they shop and then buy compulsively. They buy without having anyone defending their interests in Mexico. That's stupid.
Real estate salespeople in Mexico tend to underplay the initial cost and complexity of U.S.-to-Mexico real estate transaction. Many serve as the sellers' representative while acting as if they are the buyer's agent.Tip 1: Because there are no licensing requirements for real estate agents in Mexico, buyers require a competent and honest Mexican attorney -- preferably bilingual.
Tip 2: The buyer's attorney writes all contracts in English first to get the buyer's approval. The English version is then officially translated into Spanish to be enforced under Mexican law.
Buyers need to do their homework. They should attend a seminar to learn about the legal requirements of both countries: taxation, banking, judicial, etc. Many seminars are offered by competent real estate franchises and brokers. Buyers should also do a market analysis by visiting the area personally, recognizing that property value comes with education, experience and sound judgment.
How better to learn how to shop for real estate in Mexico than by taking a weekend Royal Caribbean Cruise from Los Angeles to Ensenada and back? We have reserved just 20 spots for our inaugural cruise seminar in July. It's a wonderful weekend of pampering, travel and business all in one.
After leaving the Los Angeles Harbor Friday after work, we wake Saturday morning in Ensenada, Mexico. After breakfast, we take a custom bus tour of the best-of-the-best Baja Gold Coast realty. Leave your wallets, purses and pens behind, this is not a buying tour. This is a no-pressure educational seminar to teach how to shop for Baja real estate. On the way, we'll see where Donald Trump is building the tallest buildings in Baja, the "Russell Crowe perch" (Crowe lived in a luxury condo next to the Fox Studios Baja while filming "Master and Commander") and the place where the likes of Carlos Santana once called home.
The next day back on board ship we'll give a series of brief presentations by binational services specialists -- attorneys, accountants and others who will make themselves available to answer all your questions. Since everyone wants to spend time on the ship eating the delicious food, enjoying the fantastic entertainment and playing, we promise to keep these presentations succinct and Q&A comprehensive. Your critical legal and tax questions will be answered, you'll understand how to recognize value, and learn how to negotiate a good deal and walk away from a bad one. That alone could save you the cost of the entire weekend.
This weekend cruise is an ideal way to decide if buying real estate in Mexico is the right thing to do, how to do it safely and what standards to expect. You'll understand the process, prices and protections. If you do buy, this cruise will be the best way to ensure that your rights and interests are protected in Mexico. If you don't buy, you'll have an interesting and enjoyable weekend.
If you would like more information on the cruise or are considering investing in Mexican real estate, contact O'Sullivan Internacional Inc. at shrinktheplanet@gmail.com.
posted by La Punta Realty at 11:26:00 AM
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