BajaNomad

Why are there so many places for sale is Posada (Conception Bay)

Ribbonslinger - 4-25-2014 at 08:29 AM

We bought a place in Mulege in March. Love the town great place. Friends of ours are interested in the area. Notice there are a LOT of places for sale in Posada. Anybody know why?

Barry A. - 4-25-2014 at 08:58 AM

I will take a guess----------Owners are getting old?

Barry

Part of the answer - HOA fees.

Robinhood - 4-25-2014 at 02:11 PM

Somebody from Posada can chime in here but I believe the annual fees to live in Posada run around five grand a year with services (water and power) only provided six months (eight- thank you Roundtuit) out of twelve.

Posada is a lovely secure community run pretty tightly but everybody wants something a little different and Mulege Properties can provide a selection to suit all desires.

Here is a selection of homes available with little or no fees:

http://forums.bajanomad.com/viewthread.php?tid=73369

http://forums.bajanomad.com/viewthread.php?tid=73163

http://forums.bajanomad.com/viewthread.php?tid=73139

http://forums.bajanomad.com/viewthread.php?tid=73158


Mulege Properties has a large selection of properties available so we would love to have your friends stop in and see what is available.

P.S. of course if your friends stop in the office they will get to try Mago's Bakery newest ice-cream flavor.:biggrin:

[Edited on 4-27-2014 by Robinhood]

movinguy - 4-26-2014 at 06:55 AM

Quote:
Originally posted by Barry A.
I will take a guess----------Owners are getting old?

Barry


I was just in Punta Chivato and a guy there told me the same thing - owners getting older and the next generation isn't interested . . .

Pescador - 4-26-2014 at 07:18 AM

I have friends who live in Posada and they love it. It is a little too tight and restricted for me but for those who like it they have nothing but rave reviews for living there. They truck in water and use a generator to supply electricity. It is the same old story. Check out a place, rent if possible for a little while, and decide if that is what you are looking for. I have had some of the best experiences of my life in Baja but I have also had some of the very worst. It took me awhile to find what I wanted, but it was worth it.

absinvestor - 4-26-2014 at 08:19 AM

I agree with Robinhood- ie high hoa fees. Most people can't take the summer heat and leave just before Easter and don't return until Oct. (Also as mentioned they only run the generator for about 1-2 the year.) Pretty expensive for most part-timers. We ended up buying a "for sale by owner" at El Burro but did look at some properties with Mulege Properties. We found Robin to be helpful and straight forward. If he didn't know an answer he researched it.. He was great at returning calls and didn't sugar coat anything which we appreciated. Personally I would trust Robin and give him a chance to earn your friend's business.

chuckie - 4-26-2014 at 08:23 AM

Second that...I have known Robin for a LONG time , he's a straight shooter..

Robin

moonraker1 - 4-26-2014 at 09:31 AM

Yes, I have known Robin and Mago for a couple of years. He is a real estate man, but he is one of the most honest I have met. He would prejudice a sale rather than mislead you. In Posada, you only own the building, not the dirt. That is a problem with most developments on Baja. The Orchard is one of the few places to buy a home and own the dirt.

Thank you for your kind words....It is a tough and emotional business but I love it when a deal comes together

Robinhood - 4-26-2014 at 10:30 AM

It is true that I err on the side of caution in brokering properties down here because I live in Mulege and will always live here. It is true that many people can buy or sell properties via word of mouth but I am here everyday to maintain the listings, broker the deals, clean up the problems (literally and figuratively), and quite often fix problems long before they start.

I provide a service that is helpful and makes buyers/sellers lives a little easier. It's a little like delivering a baby or re-wiring your house - with enough research and experience you can do both yourself but if there is a problem or you don't have the time or you want to lay in your hammock while it gets worked out Mulege Properties will get the job done for you.

I pride myself for attending to problems proactively however, once in awhile, things get by me too. Case in point - I sold a lot last year and the previous owner stated in front of the notary that everything was in order. Deal was completed and notarized and everybody was happy. However the new owner found out recently that the previous owner did not accurately represent the deal (he misinterpreted a thirty year old receipt) and I feel the anxiety of the new owner.

Though the deal closed over a year ago and I will receive no additional commission I feel like my reputation is on the line for customer service so in less than two days I have negotiated the 170,000 peso bill down to 35,000 pesos and maybe less if the current owners want to push a little harder. Six meetings with different parties and officials and the extra stress is worth it if everybody would be happy with their deals, my services, and the future of Mulege.

Again, thank you for your support and kind words and I am here to serve you. My wife, Margarita, is here to serve you ice-cream and the best rum-laced bread pudding this side of New Orleans.:tumble:

DavidE - 4-26-2014 at 03:56 PM

Heat and cold we laughed at in out twenties, became less fun in our thirties, a little annoying in the forties, downright rude in in our fifties, and almost intolerable from middle sixties upward.

Where home is in Michoacan on the coast, running a window A/C unit is not really an option much of the time unless an individual can endure indoor temps in the nineties with humidity in the 70% range.

When electrical power was less expensive, this was not an issue, but it sure as hell is, now. Unless an individual is willing to settle for a 100% upper-lower class lifestyle this country is not inexpensive in much other than rent, basic foodstuffs and labor.

Other than for summer Dorado, how is the fishing over there? Catching lots of Cabrilla and Jurel in the winter? Years ago cochitos were damned near a trash fish, now fillets are scarce and expensive.

IMO, it's a combination of things. Add up enough negatives to overpower the positives and For Sale signs start getting scotch taped.

The -overall- cost of living here on the peninsula is TWICE that of rural areas on the mainland coast. Housing is THREE TIMES as much.

As beautiful and elegant as this peninsula is, it has priced its way to the point where costs have met resistance. Do I think it's acceptable to own one hell of an economical car and YET have to pay FORTY DOLLARS to get to the nearest Farmacia Similares, the sole, only and exclusive source of some of my cardiac medications?

It's a shame. I eat Mexican food, have no TV not even a radio. My quality of life is far lower than it would be at home. So, all-in-all I am not surprised to see folks bailing out.

Bajahowodd - 4-26-2014 at 04:59 PM

Quote:
Originally posted by DavidE
Heat and cold we laughed at in out twenties, became less fun in our thirties, a little annoying in the forties, downright rude in in our fifties, and almost intolerable from middle sixties upward.

Where home is in Michoacan on the coast, running a window A/C unit is not really an option much of the time unless an individual can endure indoor temps in the nineties with humidity in the 70% range.

When electrical power was less expensive, this was not an issue, but it sure as hell is, now. Unless an individual is willing to settle for a 100% upper-lower class lifestyle this country is not inexpensive in much other than rent, basic foodstuffs and labor.

Other than for summer Dorado, how is the fishing over there? Catching lots of Cabrilla and Jurel in the winter? Years ago cochitos were damned near a trash fish, now fillets are scarce and expensive.

IMO, it's a combination of things. Add up enough negatives to overpower the positives and For Sale signs start getting scotch taped.

The -overall- cost of living here on the peninsula is TWICE that of rural areas on the mainland coast. Housing is THREE TIMES as much.

As beautiful and elegant as this peninsula is, it has priced its way to the point where costs have met resistance. Do I think it's acceptable to own one hell of an economical car and YET have to pay FORTY DOLLARS to get to the nearest Farmacia Similares, the sole, only and exclusive source of some of my cardiac medications?

It's a shame. I eat Mexican food, have no TV not even a radio. My quality of life is far lower than it would be at home. So, all-in-all I am not surprised to see folks bailing out.


You make such a compelling argument for folks to buy in Baja.:lol::lol:

roundtuit - 4-26-2014 at 05:55 PM

Yes there is a change of people in Posada, most of the people that have sold have lived her for over ten to fifteen yrs. Either health or new adventure has made them move on. The community here has more social gatherings than others in the area , if fact when we have an activity the surrounding beach community comes to our events. Everyone here is friendly and wiling to help one another with any projects or friendly advice. We have water, sewer, basura and electricity for 8 months of the year. Electricity from 10am till 10pm Oct till June Rent is comparable to other beaches with many more amenities.
I have lived her for 8 yrs, yes I b-tch and moan about the cost, but there is no better bang for the buck. Hope to be here for another eight

Alm - 4-26-2014 at 10:26 PM

Quote:
Originally posted by Ribbonslinger
Notice there are a LOT of places for sale in Posada. Anybody know why?

What Moonracker said - because these "home owners" don't own the land.

roundtuit - 4-27-2014 at 09:26 AM

They don't own the land at El Burro, Santispac, Coyote, Naranjos, Punta Areina, LocsCocos and several other beaches but they build their playaps and enjoy the beach
P.S. They don't own the land either and they are on the beach

Alm - 4-27-2014 at 02:26 PM

Quote:
Originally posted by roundtuit
They don't own the land at El Burro, Santispac, Coyote, Naranjos, Punta Areina, LocsCocos and several other beaches but they build their playaps and enjoy the beach

On the beach, with no running water and everybody running his own generator in the evening.

The appreciation of price for a structure and "the right to rent" is questionable when rent is getting higher and structure is getting older. But people live there as long as they can make it. It's what DavidE said - a combination of factors. In the case of more organized "palapa community" there is also the timing factor - a bunch of people of pensionable age building a dozen palapas at the same time, and now they are getting old, all at the same time, hence many "For sale" signs.

You can own the land at several beaches...

Robinhood - 4-27-2014 at 02:37 PM

A sampling of properties available through my office where you can own the sand under your feet includes; Posada hill, Pt. Chivato, Naranjos, Puento Suenos, Bahia Illusions, St. Inez, etc, etc.

Anytime you would like to have a cup of fresh cinnamon tea and look though the properties available for outright ownership through your fido. or corporation please stop into Mulege Properties and see where ownership is possible.

Good discussion.

Pompano - 4-27-2014 at 03:05 PM

Just to clear up one point for anyone interested.

You can own the land with the purchase of any of the 'titled' houses at Coyote Bay. There are about 11 structures there with 'fideos'. I believe the first 'bank trust' enacted in Baja Sur was made there in 1973...numero uno.

A development called Coyote Cove is similar to Posada in that you buy the building and must lease the land. This has been the norm for the Bay area for many decades now...ever since the highway went in back in 1973.

Posada Concepcion was the first such development. And there has always been a high turnover in housing there...due to the factors already stated.

All are great places to live. You won't go wrong dealing with Robin. Grab your piece of Paradise and find out for yourself. I know from experience.

markets

huesos - 4-27-2014 at 04:58 PM

There are so many places for sale because no one is buying. It is amazing that people in the real estate business try to deny this. I moved to Northern Baja from the red hot LA real estate market where nothing is for sale. Upon arrival, it was immediately evident that every thing was for sale, residential and commercial. That is the last place you want to put any money into. If you chose to ignore this, that money will be dead money for the foreseeable future and perhaps for good.

chuckie - 4-27-2014 at 05:13 PM

Yet another expert.......

DavidE - 4-28-2014 at 08:58 AM

Define that "expert" diagnosis Charles, I am breathless in anticipation...

Justbozo - 4-28-2014 at 09:16 AM

Is this thread a Posada bash or an advertisement for Mulege Properties?

absinvestor - 4-28-2014 at 09:32 AM

Justbozo- my mistake. I only mentioned Mulege Properties because I thought a person looking at Posada might want to talk to a realtor. Others who know Robin chimed in which changed the focus of the initial question.

J.P. - 4-28-2014 at 12:44 PM

Quote:
Originally posted by Ribbonslinger
We bought a place in Mulege in March. Love the town great place. Friends of ours are interested in the area. Notice there are a LOT of places for sale in Posada. Anybody know why?





IT' COMMONLY REFERED TO AS THE POSADA HOP.
SOME ONE WITH A REAL NICE PLACE MOVES OR DIES THE NEIGHBORS UPGRADE THUS LEAVING SEVERAL PLACES FORSALE IN THE WAKE. :lol::lol:

Bajahowodd - 4-28-2014 at 04:53 PM

My two cents is that there are probably many folks who dream of living in Mexico, but tire of it after awhile. Sort of like the same that happens in Hawaii. People who visit and see paradise, get seduced, until the realities set in.

I'm not saying that there are not many people who moved to Baja and have been there a long time, and thoroughly love it. But, as many of you guys on the board have told others, you absolutely have to rent and spend significant time down there before you commit. Too many people just do not do that.

Ribbonslinger - 5-5-2014 at 05:42 PM

Thanks for the input.


We bought our place on our first trip to Baja. Still feels like a great descision now that I am back in BC at work. You are right though renting first would have been a wiser option. My wife fell in love with a Plumeria in front of the house and the rest is history.