Select Mexico Properties

Marc Joseph is a real estate agent in Fort Myers, FL, and when life hands him a lemon, he knows how to make lemonade. Joseph is running a very successful real estate agency in Fort Myers, which happens to be in the middle of one of the most severe economic downturns in years. Joseph purchased a former school bus and uses it to run his “foreclosure tour” each weekend. He takes potential buyers on tours of foreclosed and bank-owned properties in the Fort Myers area. Bargain priced real estate is everywhere, these days, but what if you’re looking for a safe real estate investment? (After all, foreclosed properties didn’t turn out to be a safe investment for the previous owner.)

There are few real estate markets right now that are better than Puerto Vallarta. Property values are on a roll, increasing about ten percent per year for the last ten years. If you purchased a $100,000 property in Puerto Vallarta in 1998, that same property would now be worth about $260,000. A $500,000 property would be worth $1.3 million. That’s an amazing ROI, and one you won’t find by buying distressed or foreclosed properties.

There’s a real difference between buying “bargain” properties and making a safe real estate investment. In order to make a good ROI on a bargain property, the market you purchase in will need to recover. Recovery takes time and some analysts are predicting that it will take the US real estate market as much as ten years to recover. While you’re waiting for your property in the US to recover, someone else has taken a $500,000 property in Puerto Vallarta and turned it into $1.3 million. Knowing this, would you still think you got a deal?

Buying property in Puerto Vallarta is a safe real estate investment. Purchases come with title insurance and are held in trust, as well as being registered by a notario publico, the Mexican equivalent of a judge. All of these work together to reinforce your ownership claim and ensure that you can pass your trust to your family members as part of an estate plan.

Puerto Vallarta combines exquisite properties with high property values and excellent quality of life. As to its safe real estate investment potential, Puerto Vallarta is hard to beat. By 2015, Puerto Vallarta’s population is expected to increase to 600,000 from its current 350,000 level. Many of the new residents will be retirees who have emigrated from all over the world. Although many Americans have known about Puerto Vallarta for years, Europeans and Asians who are looking for a high quality retirement experience are making a safe real estate investment in Puerto Vallarta, and are positioned to take advantage of the high growth in property values here. If you want to put a Puerto Vallarta real estate investment to work for you, please contact a Select Mexico Properties sales representative today.

Photo Credit: Marcelo Moura