Category Archives: Mexico Brokerages

Study: Words in Listing Ads Can Boost Sales Price

The words that real estate professionals choose to describe a property in listing ads could potentially result in the home selling for a premium, suggests an analysis that looks at listing descriptions and their effect on sales price and probability of sale. For example, property descriptor words in listing ads, like granite countertops and wood-burning fireplace, can help net higher sales prices.

Study: Words in Listing Ads Can Boost Sales Price

Study: Words in Listing Ads Can Boost Sales Price

Researcher Bennie Waller, a professor of finance and real estate at Longwood University in Farmville, Va., found that each property characteristic mentioned in a listing increases the sale price by just under 1 percent and it’s probability of selling by, on average, 9.2 percent.

“That means a listing with 15 additional property characteristics sells for roughly a 13.5 percent price premium,” says Waller, who excluded standard features in his analysis, such as bedrooms. Waller and his co-authors examined more than 16,300 transactions between March 2000 and February 2009 from a south central Virginia MLS. read more »

This Sure Beats California…

Originally posted on InternationalLiving.com | By Patti Morrow

Margit Gantt wanted to find a more fulfilling lifestyle than the one she had in California. She was looking for great weather every day…somewhere she could get more for her money.

"Ensenada, Mexico feels like California did years ago"

“Ensenada, Mexico feels like California did years ago”

She and her husband Patrick knew where they wanted to be. They often vacationed in the seaside community of Ensenada, Mexico. “The feeling here is like California years ago,” said Margit. “It’s different and familiar at the same time. That’s what we love about it.”

Ensenada is on the Pacific coast of the Mexico’s Baja California peninsula. Even though the population is approaching 400,000, it still maintains small-town charm.

In 1989, the Gantts took the plunge and decided they were staying. They never regretted it.

“It’s a thousand ti mes better,” said Margit.

“California is so overcrowded now, a bit of a circus, and people aren’t a community. It’s different here. Even strangers still greet each other on the street.”

The Gantts tried out several locations before settling on their current home—a three-bedroom hillside villa with panoramic views of Ensenada Bay, the city, and the mountains.
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Mexico, to attract U.S. retirees, may ease limits on landownership

By Tim Johnson
McClatchy Foreign Staff

For the first time in nearly a century, lawmakers are moving to allow non-Mexicans to buy coastal real estate and hold the deeds to it, without having to set up bank trusts or find silent Mexican partners.

Ocean Front Real Estate in Mexico

Ocean Front Real Estate in Mexico

Proponents of the change say it pushes Mexico toward the modern era, and is a sign of ebbing nationalism under President Enrique Pena Nieto. They say it will help Mexico compete with Southern U.S. states and tropical Central America for U.S. retirees seeking spots in the sun and by the sea.

The proposed amendment to the Mexican Constitution sailed through the Chamber of Deputies on a 356-119 vote April 23, and is now before the Senate.

But opponents are still rallying, charging in a petition campaign that the change may condemn Mexicans to saying goodbye to ocean views.

“If just one of every 20 U.S. millionaires buys a house with 22 meters (72 feet) of beachfront, no Mexican will see the sea again,” the petition drive says, drawing on the nation’s historic allergy to foreign ownership of its resources.

The allergy has its roots in land grabs in the 19th and 20th centuries. After the 1917 Mexican revolution, legislators who drafted the nation’s constitution, fearing a new invasion by land or sea, barred foreigners from owning land within 31 miles of the coast or 62 miles of any border. Those strips of territory became known as the restricted zones. read more »

New fusion cuisine flourishes in Baja California

TIJUANA, Mexico — Until recently, Baja California’s culinary contribution to the world amounted to the Caesar salad, a dish hardly associated with Mexican food. Beyond that, this long, thin peninsula was known more for its Chinese food and pizza thanks to the thousands of migrants from all over the world who began to settle the Mexican state south of California in the 19th century.

 New fusion cuisine flourishes in Baja California


New fusion cuisine flourishes in Baja California

Now a group of chefs wants to change that, working to create a unique cuisine largely based on fresh seafood caught in the seas flanking Baja and the produce from its fertile valley. The new culinary craze, known as Baja Med, is a fusion of Mexican food with influences from the Mediterranean and Asia.

The movement has resulted in dozens of restaurants that are helping to pull a new kind of tourist to the beleaguered border city – one who enjoys great food and art rather than a brothel and a cheap drunk. People attending conventions in San Diego think of crossing the border for dinner in Tijuana, said Javier Plascencia, the chef of Mision 19, whose quest to put his city on the culinary map was the subject of a New Yorker magazine profile earlier this year.

Baja Med mixes uniquely Mexican ingredients such as chicharron and cotija cheese with lemon grass and olive oil. Signature dishes include tempura fish tacos and deep sea shrimp served with fried marlin, baby farm tomatoes, scallions and a sauce made with local cheeses.

“What Baja Med proposes is for the ingredient to be the main actor in the kitchen,” said Miguel Angel Guerrero, chef of La Querencia, a Tijuana restaurant serving such dishes as beet carpaccio with blue cheese and mint vinaigrette. “Geographically, we are privileged because throughout the year we have a variety of products available. And yet, many generations have passed, and we still don’t have a regional cuisine.”

The port of Ensenada, 40 miles south of Tijuana, is one of the country’s largest for mussels, oysters, clams and shrimp, as well as a hotbed of blue tuna sea farming. Baja California is the fourth largest producing vegetables in Mexico, according to the state government. read more »

Cost Of Living In Mexico

 

WITH AN ESTIMATED COST OF LIVING THAT IS 30 PERCENT LESS THAN IN THE STATES, BUDGET-CONCIOUS HOMEBUYERS ARE LOOKING SOUTH TO MEXICO

CALAFIA, Baja California – Early retirement, a lower cost of living and being able to maintain your lifestyle while watching your wallet are all reasons why  American buyers have turned to  Mexican real estate especially in our struggling economy, said  Max Katz, sales director at Calafia Condos Resort and Villas, a new community in Baja California. Once considered to be a well-kept secret, the significantly lower cost of living in Mexico paired with great home values are attracting Americans south of the border who want a great home and a rich lifestyle at a fraction of the cost.

Calafia Condos Resort & Villas

Calafia Condos Resort & Villas

Overall, the cost of living in Mexico is about 30 percent less than in the U.S., he said.

“Golf here is cheaper than compared to the U.S.,” said Bob Dawson who moved to Mexico 13 years ago with his wife Carol.  “The food is good too.  In fact, just the other day I bought a delicious thick rib eye steak for only $5.  Ocean fishing here is excellent and it is quite easy and cheap to rent a boat for a day excursion.”

The Dawsons moved to Mexico 13 years ago so that Bob could retire five years sooner.  They now own a home at Calafia Condos Resort and Villas, which is only 30 minutes south of the international border.  The favorite part of their home is the great ocean view and they can even watch whales migrating from the balcony.    read more »

Key Aspects of Escrow – Information for the Mexico real estate purchaser

Escrow, as it will be discussed here, pertains strictly to the handling of funds in the real estate transaction. The transfer of title from Seller to Buyer and the acquisition of title insurance are separate components in the process.

Key Aspects of Escrow - Information for the Mexico real estate purchaser

Key Aspects of Escrow – Information for the Mexico real estate purchaser

Escrow is an absolutely critical aspect of the process and, in my opinion, the riskiest for all parties. Just think about it – once that cash is out of your hands and in someone else’s custody – any of the following questions come into play:

  •     Can that person be trusted to safeguard the money?
  •     What if something happens to that person on the way to the close? (sickness, accident, personal difficulties, etc)
  •     Where is that person holding the money?
  •     Who else has access to the money?
  •     Does that person have a clear and unequivocal understanding of when to disburse my money to the Seller or their representatives?
  •     Can I trust that person to follow those instructions?
  •     Do they have enough experience with escrow to foresee problems and difficult circumstances?
  •     Are they bonded or insured to make me whole, in case the funds are lost or otherwise mis-directed?

This is not a comprehensive list, but just some of the concerns you should have as you enter a real estate transaction and are in the process of deciding how to handle the monetary aspects of the deal.
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Trends in Real Estate – Second Home Reasons to buy a vacation home

If you have always been eager to buy a vacation property, now the reasons and conditions converge to offer a perfect opportunity

Although   many of the housing markets around the world are still going through difficult times, the horizon is clearing in the Rosarito-Ensenada Strip, where sales of vacation ownership are increasing.

Trends in Real Estate – Second Home Reasons to buy a vacation home

Trends in Real Estate – Second Home Reasons to buy a vacation home

Who are the buyers?
Traditionally, there are two demographic groups that purchase vacation properties. The first is families with young children, who choose sites that combine relaxation and recreation possibilities for adults with fun activities for the kids.

The second group is that of people with grown children and grandchildren. They often start spending  more and more time at their vacation place, where they enjoy a more comfortable weather  than in their primary residence place, and the company of their families that come to visit. “Ironically, I see my children and grandchildren more often when are here in Santa Barbara, than in the city where we all live. Whenever we are here, at least one of our children comes to visit for the weekend with their families. The kids swim in the pool at Bajamar, the gentlemen play golf, us  ladies  go for breakfast to Ensenada. ”

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Mexico’s Wine Country in Valle de Guadalupe

By: KATY MCLAUGHLIN

Head to Valle de Guadalupe for upscale wineries, chic hotels and a south-of-the-border answer to the French Laundry.

WE WERE WATCHING the kids swim in his backyard pool in Los Angeles when my friend Juan Carlos, who grew up in Tijuana, began raving about a life-altering bowl of chicken soup he’d recently eaten.

Mexico's Wine Country in Valle De Guadalupe

Mexico’s Wine Country in Valle De Guadalupe

“It was at the Mexican version of the French Laundry,” he said. “You know—a fancy, farm-to-table place in the middle of Mexican wine country.”

I had no idea, I sheepishly admitted, there was wine country in Mexico, nor anything resembling the French Laundry. But Valle de Guadalupe is a Mediterranean microclimate in Baja California where wine has been produced for more than a century, and it’s in the midst of the kind of winemaking and tourism renaissance that Napa Valley experienced in the 1970s.

A decade ago, the area was mostly known in the wine scene for being home to L.A. Cetto, a huge maker of mid-market wines—the Mexican version of E. & J. Gallo. Today Valle de Guadalupe boasts scores of artisanal wineries; the region’s wine has improved and become trendy enough to be served in fashionable Mexico City restaurants. Top chefs are opening eateries in the area, and several stylish boutique hotels have been built in the past few years.

It sounded irresistible, so a few months later, I found myself caravanning, with Juan Carlos, his wife and my husband in one car, another couple of friends in theirs, across the Mexican border and south on the Tijuana-Ensenada Cuota toward Valle de Guadalupe, a 3½-hour ride from L.A.

We ditched our plan to drive directly to the valley when Juan Carlos pointed out Bar Villa Ortega, his favorite spot in Puerto Nuevo, for Pacific lobster, placemat-size flour tortillas and micheladas—pressed lemon over ice with beer in a salt-rimmed glass. We sat on a spacious covered patio built on a bluff, making us feel like we were eating on the middle of the Pacific Ocean.

We arrived in the valley with our bellies full of lobster and ears full of mariachi music. Flanked by low sierras, a carpet of glimmering green vines heavy with fruit stretched over the valley, interrupted by the occasional winery. These varied in style from sleek, modern structures to rustic haciendas. If it hadn’t been for the dirt roads and the lack of a chic town square, I would have thought I was in Sonoma. read more »

Bajamar Real Estate – Open House: Country Club 77, Villa Del Vino – Maday Valdenegro

Maday Valdenegro from The Baja Real Estate Group, Bajamar Premier Properties office, takes us on a tour of Country Club #77. A 3 Bedroom, 1 studio, 3 bathroom Villa right in the Bajamar Golf course.

– Description –
Casa overlooking the lake, the clubhouse and ocean, this hacienda style villa has all the comfort and cozy feeling that one could want. This three bedroom, three bath 2200 square ft house has been newly refurbished and tastefully decorated.

Villa de Vino looks out across the golf course, clubhouse lake and the Pacific Ocean beyond. Backyard patio invites entertaining with a stunning sunset backdrop and a pool nearby. Located on a quiet cul de sac and close to miles and miles of hiking trails or bike riding.

Twenty-four hour security with gated entrance and patrolling guards. New to market.

For more details on this real estate listing in Ensenada visit:
http://www.owninginmexico.com/Listing_33909914.html

For more Mexico Real Estate visit:
http://www.owninginmexico.com

For more Bajamar Real Estate visit:
http://www.owninginmexico.com/Bajamar_Listings/page_2344133.html

Mexico Real Estate Snapshot For The Baja Real Estate Group – By Max Katz

Hi I am Max Katz Broker and Owner of the Baja Real Estate Group.

I want to share with you what we are experiencing in the Rosarito, Ensenada Corridor. These first six months of 2012, sales have doubled. Homes, that are well priced, sometimes are seeing multiple offers and selling close to list price. Much of the activity we are seeing is not only due to price, but a credit to our seasoned agents. Our marketing and sales training are paying off.

As sales double so has our market reach from Canada to Mexico City. Our buyers range from retires looking for a better lifestyle to the second home buyer looking for a beach front getaway.

I am very proud of our online marketing team, they have done an outstanding job. Adding features that make it very easy for buyers to become well informed. They have given our sellers incredible marketing exposure; through open house videos posted YouTube, social media and one of their newest marketing tools the 360º Virtual tours.

Referrals also remain a big part of who we are at the Baja Real Estate Group, We want to thank our friends, family and neighbors for always thinking of us when thinking of Mexico Real Estate.

Please take the time to read our newsletters, they are always filled with great information for both Buyers and Sellers. If you are not on our mailing list. Please sign up at News@bajaREgroup.com. If you are interest in Buying or selling your home in Mexico. please contact one of our agents at Sales@bajaREgroup.com.

We will make it as easy as possible.

Once again thank you, our customer, for helping make the start of 2012 a success!

Max Katz
Broker/Owner
Baja Real Estate Group
(619) 200-7408
http://www.bajarealestategroup.net