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chippy
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OK now you´re talking about Baja before you said all properties in Mexico are listed in USD. I have never owned property in Baja only leases. I would
RUN from anything listed in USD in anywhere in Mexico, Baja included.
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RocketJSquirrel
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US$ pricing means priced for gringos. If you can't do the math for pesos, expect higher prices for the convenience.
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JZ
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Quote: Originally posted by chippy  |
OK now you´re talking about Baja before you said all properties in Mexico are listed in USD. I have never owned property in Baja only leases. I would
RUN from anything listed in USD in anywhere in Mexico, Baja included. |
San Carlos in Sonora where I've owned property is all in $. A quick look at Puerto Vallarta listings also shows properties listed in $'s.
Just because it's listed in $ doesn't necessarily make it over priced. It could be, but could also be a bargain. Basic real estate investing always
comes into play regardless of the currency.
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SFandH
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Who cares what currency is used? Multiply, divide, it ain't rocket science.
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JZ
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It helps for sales history for one thing. And protection against currency deflation. Imagine losing half your value when the peso went from 10-1 to
20-1.
It's just better when judged against the US $.
[Edited on 9-23-2020 by JZ]
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SFandH
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I thought the discussion was about how properties are advertised. The amount, the asking price, is determined by many factors. Whether it is stated in
pesos or dollars really doesn't make any difference other than considering the currency the prospective buyers are used to.
[Edited on 9-23-2020 by SFandH]
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Alan
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It is my understanding that all official documents must be in Spanish and in currency amounts identified by pesos. Our HOA needed to have everything
officially translated to Spanish with peso equivalencies before they could be registered with the City as required under their condominium laws.
Not sure what JZ is basing his opinion on but what I have stated in regards to currency fluctuations and the sale of property is what occurred to each
of my neighbors when they sold. And yes for the record, at the time of their purchase, their units were advertised for sale in USD. Apparently, in
Baja at least, their Clave (property title) is considered more official than their real estate flyers. Who knew??
[Edited on 9-23-2020 by Alan]
In Memory of E-57
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CasaMaximus
Banned
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Registered: 9-17-2020
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I am going to stop short of saying what JZ said except to agree with him that you really don't know what you don't know yet. Educate yourself before
you make a huge mistake. Where you are uncertain ask then ask someone else who has done what you are hoping to do and was successful. Do not
circumvent the fideicomiso process for a "deal" do not decline title insurance. Do get the best representation you can afford and most of all
remember real estate salesmen are salesmen and not realtors as we know them. Good luck.
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