14 million USD oceanfront home in Cabo makes cover of Mansion Global

14 million USD oceanfront home in Cabo makes cover of Mansion Global

Oct 22, 2017

Mansion Global is a premier digital destination connecting the world’s affluent real estate buyers with prestige properties across the globe through relevant, timely listings and compelling content. Their multilingual platform is localized to address the interests of international property seekers. Luxury listings are combined with global market analysis and relevant news to empower our users to make informed real estate decisions. An oceanfront contemporary home known as Casa Higuera is the one of the only fully turnkey custom homes currently available at the new Maravilla Los Cabos residential resort in Mexico. And priced at $14 million, it’s also one of the most expensive of the planned 230 homes. “It’s furnished, complete, turnkey, ready to go,” said Neil Johnson, director of residential real estate for Ohana Real Estate Investors, the developer. “The forks and knives are in the drawer, and water is in the pool.” Ohana is the owner-developer of Twin Dolphin, a planned residential community in Los Cabos, Mexico, that will include the 260-acre Maravilla Los Cabos as well as the new 39-acre Montage Residences Los Cabos that is expected to open early next year. The community spans both Las Viudas Beach and the renowned Santa Maria Bay, encompassing two of the few year-round, swimmable beaches in Cabo. Three years after suffering major devastation from Hurricane Odile, the luxury resort market on the southern tip of Mexico’s Baja California Peninsula has come back to life. For now, Casa Higuera is serving as a model unit of sorts for would-be homebuyers at Maravilla. “We built it to give people an idea of what the finished product would look like,” Mr. Johnson said. “It’s been extremely well received. We’ve had a few offers on it.” Click here for full article on Mansion Global...

Study says Americans’ interest in Mexican property triples in 2016

Study says Americans’ interest in Mexican property triples in 2016

Jan 9, 2017

The good quality and price of the properties that can be acquired in Mexico caused interest by American citizens to become owner of a property in the country to triple during 2016, according to data of the National Association of Realtors Of the United States (NAR for its acronym in English). According to the information, of the clients who wanted to buy a property outside the U.S., 13 percent wanted to do it in Mexico, which represents an increase of more than 3 times, compared to the 4 percent of intention  in 2015. “Buyers want to spend winter time in better weather sites, in places like the Riviera Maya. So for these people buying a beach house in a place like Florida is much more expensive, especially in the tax and maintenance part, than in Mexico,” explained Margarita Sanclemente, CEO of Sanclemente Group in the United States. According to the NAR document, 87 percent of American citizens who are looking for a property abroad want it for use as a vacation residence or as an income business. According to the executive, while in the United States the maintenance of a property represents annually 1.8 percent of the value of the property, in Mexico this cost is only 0.2 percent. He also highlighted the fact that areas of greater interest to Americans, such as the Riviera Maya or San Miguel de Allende, began to record a dollarization in the price of their properties. As a result, developers and real estate brokers increase their earnings, due to the depreciation of the peso against the greenback in recent months. Source:...

THE SETTLEMENT COMPANY® RENTAL TAX PAYMENT SERVICE

THE SETTLEMENT COMPANY® RENTAL TAX PAYMENT SERVICE

Jul 30, 2016

Under Mexican law, income generated from properties located within Mexican territory are subject to taxation, even if the owners are foreigners and even if all funds are collected in accounts located outside Mexico. For many years it has been a major issue for both Mexican tax authorities and individuals attempting to comply. For years a Federal Taxpayer ID was required to file and pay the tax. In order to obtain this tax ID one needed to be a resident of Mexico. This was lose-lose for both the authorities and the foreigners who were willing to pay but baffled by the issues involved to “get legitimate”. After more than five years of Settlement Company® dialogue with Mexican tax officials, a resolution was made in which the foreign property owner could appoint a Mexican company to pay his or her taxes and dispense with all other formalities. This has become reality! Mexican authorities are now looking seriously to collect this long-neglected source of tax revenue and foreigners not only are lining up to pay but also to receive the receipts for payment of the taxes which can then be credited against taxes paid in their native country under the terms of the NAFTA treaty. Remember! no double taxation is permitted under the terms of the treaty! If you have a rental property in Mexico contact us for details. info@settlement-co.com John K. Glaab, CIPS* * (Certified International Property Specialist) Vice President, International  Marketing International REALTOR Member of the Year (2012) Founding Member, AMPI Los Cabos Founding Director, Global Mexico Real Estate Institute Certified Negotiation Expert Tel 612 123 5056 # 0    cel 612 157 7903 URUAPAN 452 524 3802 www.settlement-co.com www.facebook.com/settlementco www.globalmexico.org ABOUT THE SETTLEMENT COMPANY® The Settlement Company combines the resources, knowledge and the years of experience of our professional international staff. These individuals have brought together a set of standards that have responded in a creative, quick and cost effective manner to the constantly evolving and highly complex real estate related requests of our clients. To date, these skills have assisted real estate agents, law firms, investors, financial institutions and the public at large, in all of the Republic of Mexico and the United...

Rancho San Lucas, luxury community featuring estate homes and condos

Rancho San Lucas, luxury community featuring estate homes and condos

Jun 7, 2016

A dramatic setting, amidst the Pacific Ocean and Baja’s emblematic desert backdrop, will be home to Rancho San Lucas– a private resort community that will take ocean-front living in Los Cabos to the next level with stellar amenities that include a Greg Norman-designed golf course, state-of-the-art tennis center, an all-suite resort, and dining and shopping options within a Mexican-inspired pedestrian village. This 834-acre master-planned community, featuring 12 miles of expansive white sand beachfront complemented by dramatic succulent forest, will have the only true ocean-front home sites in the area, offering real estate investment opportunities at The Villas and The Estates– all showcasing a unique combination of Spanish and Mexican architectural elements and emphasizing the balance between luxury and the beauty of the natural surroundings. The most exclusive address is The Estates with 32 single level estate homes and 36 luxury condos. The Villas are located on the highest vantage point of the development and afford spectacular ocean, golf and desert views. “We are excited to see this wonderful land come to life as the embodiment of Baja’s legacy– a place where five decades ago the pioneering spirit of a man saw promise for greatness. We envision a one-of-a-kind development devoted to conserving the true nature of its environment and are committed to creating a unique, quality product deeply rooted in the love for the land and the Baja way of life,” said Claudia Velo, Director of Marketing for Rancho San Lucas. Rancho San Lucas broke ground in January of this year with the beginning of construction of the Grand Solmar at Rancho San Lucas and already shows signs of momentum with cleared roads, vegetation rescue for future landscaping and Greg Norman’s second visit to the site. The first phase of the development is slated to debut winter 2017 with the luxury resort, Grand Solmar at Rancho San Lucas. With equally convenient access to trendy downtown Cabo San Lucas and the delightful Mexican ‘magic town’ of Todos Santos within a 30-minute drive, Rancho San Lucas promises an unmatched ‘best of all worlds’ lifestyle. Rancho San Lucas is located on the Pacific Coast, 20-minutes from downtown Cabo San Lucas. An 834-acre master-plan that will complete phase one...

Charlie Sheen is apparently moving to Rosarito, Baja California

Charlie Sheen is apparently moving to Rosarito, Baja California

May 26, 2016

Charlie Sheen has purchased three adjacent homes in the town of Rosarito in Baja California, Mexico. The deal went through within the last six weeks and Sheen is believed to be gearing up for the move. According to the Daily Mail Online, Charlie Sheen is turning his back on the United States to live in a quiet retirement community in Mexico. The controversial star – who last year revealed he is HIV positive – plans to check out from fast-paced Los Angeles life after buying three homes next to each other in the sleepy town of Rosarito in Baja California, Mexico. The deal went through within the last six weeks and Sheen, 50, is believed to be gearing up for the move, according to real estate agent Scott Weier, who brokered the deal. Charlie Sheen, pictured with real estate agent Scott Weier earlier this month, has purchased three properties in the small Baja California, Mexico, resort town of Rosarita The deal went through within the last six weeks and Sheen, 50, is believed to be gearing up for the move, according to Weier, who brokered the deal. Pictured above is a kitchen in a display home just like Sheen’s new home Sheen bought three properties and is expected to live in the middle one, using the empty houses on each side as a privacy barrier. Pictured above is a bedroom in a display home just like Sheen’s new home Weier told Daily Mail Online: ‘It’s just a humble little three-bedroom house, around 2,700 square feet. It wasn’t too expensive. ‘He told me he’s planning on living here full time, he’s tired of the rat race of the United States and his life the way it is. He wants to do something a bit different. He’s looking for a change. Compared to what he has in Los Angeles it’s very humble and simple. ‘He’s certainly not coming here to impress anyone with a huge mansion on the ocean.’ A town of 140,000 people, Rosarito is located 30 minutes south of the US border and is popular with tourists. It is billed as one of the most popular retirement locations among American citizens by the Mexican...

Mexican Association of Real Estate Professionals demands Professional Realtors

Mexican Association of Real Estate Professionals demands Professional Realtors

Feb 22, 2016

Real estate buyer confidence makes a big leap forward in Mexico and professionalism takes center stage for many realtors during 2016. This means buyers will be able to become new property owners without hassles or hesitation. AMPI, the Mexican Association of Real Estate Professionals, continues to push for real estate license requirements. The board wants to be sure that everyone selling real estate meets their business standards. Mexico has had almost no regulations on who can act as a real estate agent. Now AMPI is taking their profession to the next level because foreign buyers expect it.  Asociación Mexicana de Profesionales Inmobiliarios (Mexican Association of Real Estate Professionals) “You have to remain vigilant when dealing with various property agents,” says Edward Padalinski, Broker and Estate Agent with Ron Morgan Properties in Puerto Vallarta and Bucerías, Jalisco, Mexico, and AMPI officer, “I review all local listings for MLS (Multiple Listing Service) to make sure agents are complying with AMPI rules and regulations.” Edward serves as part of the MLS Service Committee. He is always evaluating properties and checking to make sure things like tax identification numbers are current and that nothing gets put into MLS without the proper paperwork. “This type of oversight is a great thing for the industry,” says Edward. “It gives buyers assurance in a very competitive market. AMPI also provides training for its members, so there’s a great system of checks and balances.” Edward also teach the computer software, FLEX, classes. Although the government has been slow to respond with real estate licensing requirements, AMPI has taken a leading role by offering courses and certificates, and even collaborating with government agencies to offer a professional university degree in Mexico real estate. The AMPI board has been pushing for real estate license requirements in all states and may be well on the way to getting at least half the Mexican states to comply during 2016. Mexico has long been overlooked as a retirement haven, but with proper promotion and integrity many will find that they can retire in luxury without spending a fortune. Over the past decade the number of buyers new to Mexican real estate and Mexico as a retirement destination, has...