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Tags >> Resort real estate in Mexico
Sep 03
2009

Boomers May Soon Overcome Top Objection to Retirement in Mexico

Posted by Jim Scherrer in Retire in Mexico , Resort real estate in Mexico , Resort Real Estate , Relocation Abroad , Realtor in Mexico , Real Estate in Mexico , Real estate abroad , Puerto Vallarta Real Estate , Puerto Vallarta Condos for sale , Mexico Retirement , Mexico Real Estate , Mexico Investments , Mexico Foreign Investment , Mexican Real Estate , Mexican Life , Living in Puerto Vallarta , Living Abroad , Latin American Property , International Real Estate , International medical provider , Golf in Mexico , Expats in Mexico , Canadians in Mexico , Canadian Expats , Buyer's Market , Boomers retiring outside the USA , Boomers retiring in Mexico , Boomers Real Estate , Boomers Abroad , Boomer Retirement , Boomer Abroad , Baby Boomers in Mexico , Baby Boomers , AMMAC , Americans in Mexico , Americans for Medicare in Mexico

Jim Scherrer

By: Jim Scherrer,

Aug 05
2009

9 Questions to ask the Developer about Mexico

Posted by Ventana Magazine in Ventana Magazine , Resort real estate in Mexico , Mexico resort real estate development , Mexico Real Estate , Mexico , Mario Restrepo

Ventana Magazine
By Mario Restrepo at Ventana Magazine
When considering buying real estate from a developer in Mexico, it is important to understand the differences between how you might be accustomed to buying new construction in your country of origin, and what is common and legal in Mexico. Specifically, there are financial and title transfer considerations that you should take into account when buying new construction here in Mexico.
For example, in the USA, in order for a developer to get building permits, financing must be obtained to guarantee a completed project; then, the pre-sales of units can begin. In Mexico however, outside financing for a project does not have to be obtained before pre-selling units, and buyer’s cash can be used for construction. This, of course, puts buyer’s deposits at risk if there is a mismanagement of funds or construction.

There are many excellent developers here in Mexico with a clear history of delivering completed units in a timely manner. In addition, Mexican architecture is one of the reasons why Mexico is such an excellent travel destination, as well as a real estate investment destination. I feel that the most under appreciated artist in the world is the Mexican mason. This article is only meant to help you ask questions to lead you to the best developers, and to give you insight as to the possible safety of your investment and to what you are really buying.

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BoomersAbroad.com was born in direct response to hundreds of conversations with baby boomers from the USA and Canada who were seeking a new life, and to better understand how they might live abroad, travel abroad, relocate abroad, retire abroad and/or invest abroad. Leading industry experts and many of those who have journeyed ahead will share their personal experiences and knowledge in a great variety of areas.

Boomers Living Abroad

The number of Americans and Canadians living abroad, by today's count approximately 7 million (according to The Washington Post), is twice the population of Chicago and greater than that of 33 U.S. States. A number that has grown steadily over the past decade, and it is expected to more than double within ten years. In the next 20 years, 100 million baby boomers, from the USA and Canada, are going to retire. Five million baby boomers turn age 60 each year, Ten Thousand per day, Eight per minute, and scores of them are purchasing property abroad as vacation homes or investment homes. Naturally, many of them are auditioning these homes for potential primary retirement residences.

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