Appraising in Mexico

[Terraform]

How about starting a company in Mexico?

Areas around Puerto Vallarta are exploding with growth and out of Country investors and retiries are buying up as much real estate as they can get....

However, there is currently no appraisal industry South of the border and many of these investors are bringing in their own appraisers from other Countries.

During my last visit to that area I spoke with several local real estate companies and found that they performed both sales and valuation services for their clients. They seemed very enthusiastic about the idea of having a professional appraiser service available to them.....

So, how bout it!!


I guess I should also say that the Terrazas Family owns beachfront property right outside of Puerto Vallart and I take a trip there atleast once a year. If anyone is interested in checking this out as a real possibility, lets plan a trip. I know several real estate professionals in the area, personally.....

If nothing else I know some great Fish Taco joints, and who could'nt use a shot of Tequila and some beach time.... LOL

 

[Panduro Alonso]

Interesting. My wife and I were just discussing this the other night. Wondering if there were appraisers in Mexico, and if so, what methodology was used, since many of the properties are passed down from generations, and or paid with pesos (cash). I'm sure in speculative markets like PV, Manzanillo etc, public data is most likely readily available. I'll bet there is more fraud involved out there than we have here. Especially when some "gringo" (please dont take offense) comes into town with deep pockets and starts to buy up land from a rich Mexican land owner. If memory serves, do people have to Mex citizens to own land, otherwise its a 99 year lease or something like that? I think it would be scary to own property in a foreign land that had a lease tied to it, with laws that were very complex. I'd love more information on Mexico's appraisal process if you come across anything. As far as a visit down south. Just had a baby and it will be awile before I go anywhere for an extended period of time.

 

[Terraform]

As far as I know, only beachfront property requires a Mexican born citizen to have ownership rights, all other property is open game. BTW no offense taken (notice the last name).

 

[Mark A Rewbury]

Unless your a Mexican you will never get a visa or a legal right to work in that country. That country is basically closed to non Mexicans. I checked out Costa Rica and the sales data is never correct since they under report the sales price due to some tax situation. Once you get south of the U.S. things get real creepy as far as business goes. Great places to visit or retire to though.

 

[Terraform]

Ok, but what if you have a Mexican Citizenship, as I do.... Regardless, there are many and I say many people over in Mexico doing business that are Non Mexican citizens. Obviously there is a way to get around this......

 

[Terraform]

Gosh, I thought there would be more poepl on this forum ready to take a vacation....:new_all_coholic:

 

[Mark A Rewbury]

Of course there are people doing business illegally..come to SW Florida and have a look..I'm one that couldn't sleep at night thinking I would be rounded up first thing in the morning by the Mexican police. If you are successful and illegal in those countries you will be taken down by the competion. I have spent a lot of time in Mexico ..pretty corrupt country.

 

[JRS at OBX]

If nothing else I know some great Fish Taco joints, and who could'nt use a shot of Tequila and some beach time.... LOL

Hey, I happen to like fish tacos and tequila!!

I'm ready for a vacation. My main problem is that I don't speak spanish very well when I'm sober. (Oh wait, thats not a problem!!)

 

[Brad Ellis]

Karl,

There is indeed an appraisal professin- and an association- in Mexico. NAIFA has at least one membver there and I beleive they blong to the international chapter.

If memory serves, however, one must be an architect in Mexico to legally do appraisals- or do do at least some type of real property appraising.

Brad

 

[Ray Miller]

If I was young again, I would take a run at it.

Worked one winter south collecting App horses back in the 60's. Liked the work, liked the people and got along well with the local establishment. Had a real nice filly I came close to bring back across the river with me.