Benefits of buying a Re-Sale Property

We can show you any property that interests you in the Riviera Maya. There is no need to look with many agencies. We will show you any pre-construction new condo project, and any already built properties.
Most important is to find the right property, at the right price for you.
Often we see that resale properties, already built, are overlooked by our investors in favor of a buying pre-construction property.
Why?
Many people are pre-sold on the belief that pre-construction is “the best deal” out there.
However, this can often be a misconception. The savvy buyer understands the following:

  • There are great deals available on resale properties. Prices often can be lower than a pre-construction property.
  • It’s our specialty to know and show you the market.
  • Use of escrow when paying for a property means funds are protected.
  • No risk of paying a developer directly who might not complete a pre-construction project.
  • You know what you are buying, such as the condition, the colors, the appliances, etc.
  • With pre-construction properties, what if it does not turn out the way you thought?
  • Often resale properties are fully furnished, as added value.
  • Buying furniture can be considerably more expensive than anticipated for new construction.
  • Resale is ready for immediate personal use.
  • There is no waiting period for construction to finish as with pre-construction.
  • It has the HOA (homeowners association) established, you will know the cost of maintenance, pool work, yard work before you negotiate on the transaction.
  • It has a property tax value established.
  • You purchase in an established neighborhood. You know what is around you.
  • Streets, lights, neighborhood parks, and restaurants are established.
  • Resales offer a shorter timeline to close on the transaction,  get the deed from the
    notary and you get the keys. NO waiting time for those important items.
  • Bring your suitcase and open a cerveza. Turn-key ready.
  • You KNOW what you are buying. No mystery involved.

SOME THINGS TO CONSIDER WHEN BUYING A RESALE:

  • You will have to pay for it all time of purchase upfront, no payment plans.
  • You might want to renovate to your liking.
  • Hidden cost upgrades? Use Property inspection.

Ready to make an informed decision? Check out our Riviera Maya Re-Sale Listings

Location is KEY when buying an investment property in Riviera Maya

Think of booking a vacation or trying to choose a place you want to live- now think of the first factor that comes to mind? Is it the location of the property? Do you decide first which country you want to live in then narrow it down to the city and neighborhood? One slowly learns that being in a location that is convenient for themselves and others is important, especially if they want to rent it out and make money on the property. Also finding a place that is up and coming is a great idea too because you have a head start with finding the best place in the area. You get to choose first! Continue reading

How To Prepare Your House Or Condo To Sell

Preparing your house or condo to sell only takes a few simple steps. Of course, you can go above and beyond with renovations but the main steps to prepare your house or condo for the market are listed in this article. As many of you are aware of the high inventory of places on the market, homebuyers can pick and choose and be a little pickier with their decision. Buyers want a home in good condition that meets are their criterion; therefore having a place in pristine condition is beneficial. Continue reading

Buying Real Estate in Mexico

PLEASE BE CAREFUL WHEN LOOKING TO PURCHASE REAL ESTATE IN MEXICO

Although having a real estate license IS REQUIRED in Playa del Carmen and all Quintana Roo, according to a law passed in 2015, it is estimated that only less than 1% of those who are selling real estate are licensed. Continue reading

Cancun again at the top of the list in 2018

It is no surprise that the fact that Riviera Maya real estate remains one of the smartest real estate investments available in the Americas is a direct result of the highly touristic nature of the area which spans from Cancun to Tulum, including Playa del Carmen, Puerto Morelos, Puerto Aventuras, and several other beachfront towns.

This year, Cancun maintained its position as the number one summer hot spot for US travelers, according to Airlines Reporting Corp. (ARC).

According to the aforementioned institution which keeps track of the number of tickets purchased for the top ten most booked destinations, Cancun came in first, as it did in 2017. Meanwhile, Orlando bumped New York out of its second-place finish last year as New York fell to third place.

Moving up in popularity this year is Las Vegas, jumping from sixth to fourth place. London held firm in fifth place, while Punta Cana, Dominican Republic dropped from fourth to sixth most booked summer destination. Seattle held its 7th place 2017 spot, while Chicago rose to eight most booked destination, bumping Honolulu down one notch from last year.

Los Angeles rounded out the top ten most booked destinations with the closing position.

Chuck Thackston, ARC Managing Director of Data Science and Research, said that overall, travel this summer is higher than last year, “reflecting the continued strong economic conditions.” He noted, “average ticket prices are also slightly lower in most cases, so taking a vacation continues to be a great value.”

As tourists continue to pour into Riviera Maya through the Cancun airport, smart investors purchase property in Playa del Carmen, Cancun, Tulum, and other towns in the area confident that the current trend will continue and ROI will remain very high.

What are you waiting for? Call us now for more information about buying property in Riviera Maya.

Riviera Maya awarded Best Destination in Mexico by Travel Weekly Awards

Riviera Maya keeps winning the hearts of millions of travel enthusiasts around the world in the Travel Weekly Readers Choice Awards 2017!

For 15 years, the popular travel magazine Travel Weekly presents awards in 77 categories to distinguish the best actors and destinations of the global tourism industry, which includes hotels and resorts, tour operators, airlines, cruise lines, and more.

There was little surprise when the Riviera Maya was once again named Best in Destinations, recognizing it as the first choice for travelers visiting Mexico for the 14th consecutive year. The gala for the event was held at the Conrad New York on Dec 14th and was attended by the director of the Tourism Promotion Trust of Cozumel and Riviera Maya, Darío Flota Ocampo, to receive the award.

Other Mexican participants were Funjet Vacations and Apple Vacations, who each won Best in Tour Operators (one for Mexico and one for the Caribbean, respectively) and Playa Resorts/Hyatt won Best Hotel Chain, among winners from all around the globe.

Moving from Canada to Mexico

A Few Items to Consider Moving From Canada to Playa del Carmen, Mexico or Moving to Tulum or all Riviera Maya

Today’s world of connectivity allows easier access to jobs and various opportunities on a global scale. As a result, there is a greater movement of people across borders to live or retire in Playa del Carmen, or invest in Tulum or buy in Riviera Maya, Mexico. These exciting moves are accompanied by obligations to make a successful move. To ensure a smooth transition with very few bumps along the way, we suggest taking the following steps:

Moving To Your New Destination

Contact us at Living Riviera Maya Real Estate for your move to the area.
We specialize in helping you successfully invest in real estate in Playa del Carmen and Riviera Maya.

1 604 628 7247 ; info@LivingRivieraMaya.com

Many of our associates of Playa del Carmen Real Estate Mexico, including me, as owner/broker have expatriated completely from Canada to Mexico. We can share our experiences with you so you relocate from Canada to Playa del Carmen, to avoid any unwanted surprises. Our specialty is orienting and educating you in the real estate market of Playa del Carmen and all Riviera Maya, so you find the right property, at the right price, in the right area, that fits all your requirements.

There is so much to consider when moving to Mexico to Playa del Carmen and the Riviera Maya and buying property. Me and my team at Playa del Carmen Real Estate Mexico take our role seriously. We have been successfully advising investors of Riviera Maya Real estate since 2003. Our orientation during your buying process includes info such as the locations of schools, hospitals, health service providers, public services, fun things to do, and lifestyle wishes and wants.

When making a real estate investment in Playa del Carmen and moving to Riviera Maya we make sure you have all the best legal advice.

Before you Move

We highly suggest making a checklist:
-Create a detailed packing list of what needs to go and what can stay or be given away/donated.
-Arrange packers, movers, storage, research moving companies. If you plan to import large pieces, you will need a customs broker. Most successful buyers who move here choose not to import.
-Take a course in Spanish either in your hometown or here in Riviera Maya. Knowledge of a few basic words and expressions can go a long way.
-We will introduce you to the right bank to set up new bank accounts so you can transfer funds as required.
-Join any social media expat sites and join clubs. They have already made the move and they could provide you with some great tips.
-Make sure your passports are valid for at least 6 months after you exit Canada. Have several copies ready for when you arrive to distribute as needed.
– Visa for stays longer than 120 days are required for Mexico. You can begin your application for a temporary resident visa at the Mexican consulate closest to your hometown. Once it’s approved, you will complete the process here in Inmigracion in Playa del Carmen. We have a team of people to guide you through the immigration process when you arrive in Playa del Carmen.
-Bring citizenship documents, police checks, birth certificates, etc.

Leaving Canada – The Canadian Tax System

First, the good news stated simply. Mexico does have a tax treaty with Canada, which helps Canadians avoid double taxation and help prevent tax evasion. However, a move to Mexico or buying property in Playa del Carmen or Riviera Maya does not necessarily mean that you automatically are considered a non-resident for tax purposes.

Depending on your ties to Canada, the number of days you spent there, and other factors, the Canada Revenue Agency (CRA) may consider you a: Factual Resident, Deemed Resident, Non-Resident or Deemed Non-Resident.

If you are a non-resident or plan to become one, then properly exiting the Canadian Tax System is crucial. Playa del Carmen Real Estate does not offer tax advice for Canadians. However, we can refer you to a Canadian company that specializes in this. Trowbridge Specialists can simplify the process for you.

Call us at Playa del Carmen real estate Mexico and we will hook you up with their information. 1 604 628 7247

If you do not take the proper steps there is a potential for double taxation on your worldwide income, application of incorrect tax rates and penalties, and/or interest accruing. In order to terminate your Canadian Residence in the tax system, you will need to file a departure tax return indicating your date of departure. We recommend you speak to your tax advisor or we can refer you to one.

This date of departure varies if you have a spouse or dependents or if you are becoming a deemed resident of a new country. Furthermore, on your departure tax you may need to include a deemed disposition – if leaving the country, the CRA treats any property you own as if it was sold at the current fair market value when you become a non-resident. Depending if there is a capital gain or capital loss, taxes may be applicable or a loss could be claimed on your return.

While you may have physically left Canadian soil, there are usually ties to Canada that remain, such as real property, bank accounts, RRSP’s, etc. These ties may provide reasoning for the CRA to penalize you if not properly addressed.

As a non-resident who owns a rental property that earns you income, you are obligated to report this income to the CRA. There is a non-resident withholding tax at a rate of 25% of the gross rental income.

However, the non-resident withholding tax can be significantly reduced. There are certain forms to be filed with CRA by your appointed agent. Playa del Carmen Real Estate Mexico will put you in touch with a specialist in Canada.

If you have RRSP’s, dividends, retirement compensation, continued social security benefits, royalties, are earning interest, or other types of income, make sure to advise these companies of your non-resident status as they may need to remit withholding taxes to the CRA on your behalf. As a non-resident earning this type of income, they should issue you an NR4 slip – this slip reports any withholdings and income to the CRA.

While the above are only a few noteworthy tips, always do your research and work with industry experts for investing in Playa del Carmen Real Estate Mexico for your transition to Riviera Maya.

Love your new life on the beach.
Do it the right way and don’t make mistakes.
Playa del Carmen Real Estate Mexico can help you navigate through all the steps.

1 604 628 7247 ; info@LivingRivieraMaya.com

www.LivingRivieraMaya.com

Riviera Maya tops the charts

Travelers put the Riviera Maya area among the best places to be in Mexico.

The Riviera Maya continues to be among the best destinations, according to the popularity rankings generated by travelers on TripAdvisor.

Source: Aquaworld

Four of the top six most popular destinations in Mexico are in the Riviera Maya, in a list of 25 cities. The reviews are filled with praise of its beautiful white sand beaches, dazzling diving places filled with sea life, incredibly well-preserved archaeological sites, dynamic nightlife and lively cultural activities (not to mention the lush, year-round tropical climate of the Caribbean sea!)

Source: playadelcarmen.com

Like that is not good enough, the Traveler’s Choice Awards, which lists the 25 best-rated beaches in the world, puts Playa Norte in 7th place. This beautiful beach has also been named one of Mexico’s best beaches for two years in a row. It is located in Isla Mujeres, an island less than 10 miles off the coast of Cancún. Senior contributor IslaMujeres1 writes: “When I first saw photos of this beach, I thought they had to be touched up. […] Calm turquoise waters, beach clubs, pure white powdery sand, and much more. […] Water so blue, it makes the sky look pale”

Source: Bahia Divers

Don’t miss the opportunity to visit these incredible destinations on your next vacation!

Curious about investing in Riviera Maya real estate? View our listings here.

Penthouse Condo For Sale in Playa del Carmen

 

 

– Brand-new downtown Penthouse for sale in Playa del Carmen, Mexico.

 

Photo Link
Ocean-View!

•  1,409 sq. ft., 2 bath, 2 bdrm single story – $299,000. Pre-Construction Pricing!
MLS® #PDC299

If you are looking for new condos for sale in Playa del Carmen, now is the time.

Coming off the success of the sold out Marea34 condos, this new set of Playa del Carmen condos for sale has been just released to the public this week.
Built by one of Quintana Roo’s major players, this is sure to be a great Playa del Carmen investment opportunity.

Don’t wait! Book now. Block your condo with only $5000 USD down refundable to hold the condo of your choice. These Condos for sale in Playa del Carmen go fast!

Conveniently located on Calle 34, (34th st) which is a wide boulevard street overlooking the sports stadium near 5th Avenue, these downtown Playa del Carmen Condos for sale are really close to the action.

34 modern luxury condos are being constructed ranging in prices from $113,000.00 to $229,000 USD.

Only a short stroll to the beach along the famed 5th Avenue of Playa del Carmen, where you will find restaurants, art galleries, shopping malls and stores.

Get in now and get first choice and early discounts on these downtown Playa condos for sale.
Condos will have granite and marble throughout.

Choose between 1 and 2 bedroom floor plans with terraces.
Common amenities are:

*Ocean-View Swimming Pool.
*Gym.
*Lobby.
*Underground Parking.

Prices From $113,000 USD to $299,000 USD.

Property information