Realty Executives : Finances

Escape to the Beach for Labor Day

Realty Executives Puerto Penasco// Rocky Point — Mon, 27 Aug 2012 21:03:00 GMT

Looking for something fun for Labor Day Weekend? Rocky Point has some great condo specials for the whole family. Be sure to beat the heat and have some great times in Rocky Point. After a fun day of sun and sand, be sure and check out some great music at Changos and The Lighthouse. Saturday night at Las Palomas will feature stand up comedy from Gene Pompa. Hope to see you there!

Investors turn to Mexico as US Stock Market declines

Realty Executives Puerto Penasco// Rocky Point — Fri, 12 Aug 2011 18:12:00 GMT

Real Estate in general has proven to be an excellent investment, and actually better than the Stock Market over the long term. Real estate in Mexico is really a safe haven for real estate investors, more so than in the US. The recent drop in values of real estate in the US and Mexico makes now an excellent time to invest in real estate. I tell potential buyers looking for a mortgage in Mexico that they can choose to invest in the US, but unless it will be their primary residence, it isn’t a good place to put their money because prices are going to be very slow to increase in the US – there is a huge inventory in the market, and many foreclosures are yet to be put into the market, which will likely depress prices even further. If people are looking to pick up a property in the US for cheap and rent it out – guess what? Everyone else has the same idea and the rental market will not be strong and rents will be low. If people want to buy a great primary residence to live in for not much money, then the US is a good place to buy a home.

The real estate market in Mexico is still very viable, and although prices are the lowest they have been in the last 5-8 years, the bottom of the market hasn’t fallen out. There are no massive foreclosure problems in Mexico. Interest rates are at an all-time low in Mexico (as low as 5.25%) and values are going to appreciate much faster than in the US since there is still a huge pent-up demand of baby boomers looking to make their retirement nest-egg go as far as possible. This is even more true now that retirement assets have dropped in value – again. Mexico is still an inexpensive place to live – once people have their real estate purchased. Warren Buffet and J. Paul Getty (as well as other wealth investors) share an identical strategy that when everyone is selling, it is a good time to buy and pick up exceptional deals. This is true of Mexico right now. Investors are fed-up with the stock market and will want to put their money into a safe investment - and for many, a place they can use and enjoy as the value of their real estate goes up. Investing today is not so much about how much return you can make on your capital investment, but it is more about protecting the investment you have so that it doesn’t lose value. We can honestly tell potential buyers that a dollar invested in Mexico isn’t going to disappear like it can in the Stock Market. ---Doug Jones, President Mortgages in Mexico

Mexican Economy Looking Good

Realty Executives Puerto Penasco// Rocky Point — Fri, 10 Jun 2011 18:15:00 GMT

The National Real Estate Investor has posted great news for people savvy enough to be looking to Mexico to invest in Real Estate. Mexico is benefitting from the proximity to the US and the current positive trade indicators, overtaking the yearly increase over China for the first time. The positive economic news is reflected in real estate investments as well. For details, see http://nreionline.com/finance/news/mexico_rife_opportunity_0606/

What is AMPI and Why is it Important to Mexico and its Investors

Isabel Saborith — Thu, 25 Oct 2007 04:53:00 GMT

AMPI, the most widely accepted real estate organization in all of Mexico has made phenomenal progress here in Puerto Peñasco. This internationally respected association of real estate professionals officially became a reality last March and has already become one of the largest associations of any kind ever in Rocky Point with over 100 members. Our local chapter has representation from all of the major real estate companies that operate in and around Puerto Peñasco.

AMPI, having the full endorsement and cooperation of the federal government has the ability to regulate and oversee the ethics of its members. Only credible licensed realtors with continual AMPI approved educational courses can maintain membership of this organization. It is this proactive entity that will take the real estate industry into the future.

The timing could not be better for the positive development of a town that is expected to be one of the hottest resort communities in this hemisphere. Economists from Mexico City have projected our growth explosion to continue for years to come. These expectations are based partially on the fact that we have experienced such astounding progress on drive in traffic alone. The international audience is just starting to look our way with the official announcement of the approval of the Puerto Peñasco Airport, the Coastal highway to be completed in the very near future, connecting us to California, and the Nautical ladder which will encourage more oceanic tourism like small cruise ships.

Rocky Point has seen a housing boom rarely seen before anywhere in the world. Ten years ago there were no condo projects with more than 100 units. In 2000 there was only one project of any large scale. This changed in 2001. Now Sandy beach alone has over 1,600 condos sold, and over 30 condo towers are in some stage of vertical development.

Several towers were sold out in a matter of hours. One tower sold its 109 units in 3 hours and another, 114 in 4 hours. Condos seem to be the most sought after investment properties going in today’s market, partially due to the low maintenance and ease of rental income. Many condo owners boast amazing financial returns in the short term “Rental pool” market.

A new concept gaining popularity by a huge market segment is interval ownership. This is not time share. Interval Ownership, also known as fractional ownership or equity share is a practical concept, which offers the opportunity to own a fully furnished home at a fraction of the cost of purchasing an entire second home. Each purchaser as a shareholder owns an exclusive interest in a home and is entitled to occupy the unit each year for the time interval purchased. There are several large scale developments exclusively marketing this concept.

With newly available mortgage money at reasonable rates more and more people are able to take advantage of the current growth explosion we are experiencing. Others are turning self directed IRAs into real estate investments. Some people have chosen to split ownership on properties with friends, family members or other investment groups. If one truly wants an investment that they can enjoy, Puerto Peñasco is becoming a simple alternative to the less than predictable stock market.

It is very important to work with a reputable real estate professional, as bad investment council can haunt individuals throughout their investment period. The information is out there, and good sound advice is available. The unprecedented investment potential can be achieved, but it is so important to seek the advise of a real estate professional that has the training and the ethical standards that AMPI ensures. Rocky Point is a great place for anyone interested in owning a second home or a secure investment that allows staying at, and enjoying their own portfolio.”

Kent White

Realty Executives, Sonora

kentoblanco@gmail.com

President Elect AMPI