DEAL: Residential + Commercial in El Centro, 4/3.5 — $396,000

One block from the Malecon and ocean, this three-story building has both residential and commercial space.

This edificio has four bedrooms and three and a half bathrooms in the heart of Puerto Vallarta with an outstanding panoramic terrace view above and attractive commercial space below for your store, shop, or office.

This is the best opportunity in town this year and it will not last. Contact me right away if you’re interesting in learning more about this fantastic deal on a residential + commercial building in downtown Puerto Vallarta. Continue reading “DEAL: Residential + Commercial in El Centro, 4/3.5 — $396,000”

Do I Need an Agent? What is MLS Vallarta?

Purchasing real estate in Mexico can appear to be a daunting venture. To help you understand the process, this blog provides an overview of buying, selling, and renting real estate in the Puerto Vallarta area. Coming articles will include answers to a number of Frequently Asked Questions that repeatedly come up.Cluster of homes in Puerto Vallarta

Should I be working with a real estate agent?

Yes, you should. Whether you are buying or selling, you need a real estate agent who listens to you and understands this special marketplace.

Buying and selling real estate in Mexico is not as simple or straightforward as it is in the USA and Canada. There are potential obstacles that a real estate agent will help you navigate through. Continue reading “Do I Need an Agent? What is MLS Vallarta?”

Fixer-Uppers in Puerto Vallarta

I witnessed the Fixer-Upper market come and go in the U.S. Twenty-five years ago, I bought a house that needed repair and doubled my money with a little hard work. Those days are long gone in the States.

Now I live in Old Town and it is easy to recognize quite a few valuable fixer-upper properties in Puerto Vallarta. There are a lot of beautiful pieces of property overlooking Banderas Bay that could use a good sprucing up.

Consider this: you buy a sweetly located condo that needs work, hire very cheap and competent labor, to end up with a jewel of a home. At the prices available, you might even buy the entire condo building.

Everything is here that you need. Home Depot and many others are easy to get to. Prices and labor are cheap. If you are just a little bit patient, competent workers are everywhere.

I walk along narrow, winding cobblestone streets lined with stucco walls, wrought iron, and bright flags and wonder if I am in old Europe somewhere. Continue reading “Fixer-Uppers in Puerto Vallarta”

Avoid These Common Real Estate Selling Mistakes

Mistake #1 – Incorrect Pricing
Every seller naturally wants to get the most money for his or her product. The most common mistake that causes sellers to get less than they hope for, however, is listing at too high of a price.  Listings reach the greatest proportion of potential buyers shortly after they reach the market.  If a property is dismissed as being overpriced early on, it can result in later price reductions.  Overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price than they likely would have had they been priced properly in the first place.

Mistake #2 — Mistaking Re-finance Appraisals for Market Value
Re-finance appraisals can be very encouraging for homeowners, leading them to assume that the appraisal is the amount that they should expect to receive for their property. Lenders often estimate the value of your property higher than it actually is, however, in order to encourage re-financing. The market value of your home could actually be (and often is) lower. Your best bet is to ask your Realtor® for the most recent information regarding property sales in your community. This will give you an up-to-date and factually accurate estimate of your property value. Continue reading “Avoid These Common Real Estate Selling Mistakes”

When You Want to Search Real Estate in Puerto Vallarta

Condos Francisco MaderoThere are many properties for sale in Puerto Vallarta and the surrounding area. Puerto Vallarta has become a developer’s dream for luxury villas, homes, and condos. We would be happy to help you find the villa or condo that meets your needs.

If you are considering buying real estate in Puerto Vallarta then you might want to click on our LISTINGS tab. This is just a sample of the villas and condo we feature. You can also click on Search Mult-Listings in Vallarta for hundreds of listings in the area. Continue reading “When You Want to Search Real Estate in Puerto Vallarta”

How to Negotiate with Mexicans

Courtesy

In negotiating for real estate or any other arrangement in Mexico you will find that the Latin side, using more formal courtesy and manners, can be so charming as to disarm your side in the negotiation.

You should use the first meetings in the negotiations to learn and judge the character and personality of the people involved. It is also important to learn to adjust and be compatible with the way business is done in Mexico. Taking the time to learn this information will be of great help later.

Good negotiators want to know the names and titles of their opponents. They also want to know about the other side’s business or personal backgrounds.Negotiation Cartoon

There is a hierarchy of power in the group to be used to one’s psychological advantage. The less senior members of the team arrive to do the set up and opening remarks or discussion. The powerful member of the team will make an appearance or speak later.

The beginning of the meeting will involve a period of casual conversation and keen observation. To rush this part of the process will be negative to the other side, even considered rude. Continue reading “How to Negotiate with Mexicans”

Luxury Villas and Condos in Greater Puerto Vallarta

Villa viewPuerto Vallarta boasts some of the most beautiful vacation villas and condos found anywhere in the Americas. Luxury vacation rentals are available from the far southern and northern ends of Puerto Vallarta and everywhere in between.

We can help you find a wide range of beautiful villas, condos, and real estate in Puerto Vallarta both for rent and for sale. If you are looking for a small or large villa, we have them in all sizes and price ranges.

If you are looking for a luxury condo rental in Puerto Vallarta, then browse through our RENTALS. Our inventory list of villa and condo rentals is contstantly growing and the popularity of rentals in Puerto Vallarta increases each year. Continue reading “Luxury Villas and Condos in Greater Puerto Vallarta”

Real Estate Basics in Mexico

Enjoying a Mexican Pacific beachfront or colonial hillside, you’ve decided to put down roots in Mexico and “save money” by buying.

Invest a significant amount of time before investing in Mexican real estate. Get to know the terrain, its problems and advantages. Work hard to understand the area, the people and the real estate values.

Get the assistance of someone who is familiar with the rules so that you don’t miss nuances. Even though you may have bought and sold real estate in the United States or Canada, the Mexican experience is a totally new.

50,000 Americans and Canadians Live in Puerto VallartaView overlooking Banderas Bay and Puerto Vallarta

You hear the story again and again in Mexico: We went for a visit and ended up buying. There are 500,000 Americans and Canadians who have been lured by the beauty, the serenity and, not least, the prices, to become homeowners in Mexico. One tenth of the Americans and Canadians live in the Puerto Vallarta area.

Most of the time there are no problems. But occasionally press accounts raise questions about just how safe it was to buy land in Mexico. Buyers simply need to apply the same due diligence they would anywhere else. Continue reading “Real Estate Basics in Mexico”

Renting a House or Condo in Puerto Vallarta

Renting allows you to try first and then decide.

There are many unique areas in which to live in Mexico. Some folks choose to live within the traditional Mexican villages, more isolated from the Gringo community. Others choose high-security gated communities. Some prefer the energy and hubbub of the downtown areas; others want a more quiet, secluded location.

Some rely on local transportation and others bring their cars with them, allowing more options in choice of location. Some prefer to be down by the beach and others prefer a hillside view. Some even prefer to live in cities like Guadalajara– a city of six million people.

Many people who rent move at least once, if not more, before settling in to their ideal place. Others come down here for a few months and decide they don’t like it and move back to the States or Canada. You may not even want to buy a home and simply choose to rent instead, which is what many North American expatriates do. Rentals can be found by word of mouth, through local newspapers, or by contacting our office.

Be careful about entering into leases. Continue reading “Renting a House or Condo in Puerto Vallarta”

New Listings Notification Service in Puerto Vallarta

In today’s competitive real estate market, timing is critical. Many good deals are sold before they are ever advertised or get on MLS.

You Can Be First in Line!

Beat other buyers with our New Listings Notification service. Register for New Listings Notification now by emailing Dora@OldVallarta.com.

We can — and will — find your ideal property.Interior Living Area

Are you looking at property ownership here in Paradise, trying to find your dream property in Mexico? Whether you are buying or selling a home or business, you can hire a team of professionals that will earn your trust.

We pride ourselves in having a very specialized yet diverse team of professionals that know the area, market conditions, inventory, contacts, and information you need to make an good decision. Continue reading “New Listings Notification Service in Puerto Vallarta”

Sample Mortgage Loan in Puerto Vallarta

With the widest array of programs available in Puerto Vallarta, we can provide you with the program that will meet your needs.

We offer the lowest down payments, and everything from fixed to adjustable rates.

Here is a sample of one of our loan programs:
Bedroom with an ocean beach view

Mortgage Rates & Financial Services in Puerto Vallarta

With our competitive programs and competitive rates, you don’t need to utilize a high-rate program from a developer.

We are confident we have a program that will fit your needs.

Mortgage Rates & Financial Services

Available Programs:
Fixed 10, 15, 20, 25, 30 year loans
ARMS 1, 3, 5, 7, amortized over 30 years
Interest Rates from:
6.00% Adjustable rate loans
6.25% With 3, 5, 7, and 10 year options
7.49% Short term Fixed programs
8.25% Stated & bank statement loans
Requirements:
650 Minimum Fico score
$75,000 Minimum Loan Amount

Paradise Mortgage, over the course of many years, has developed relationships with lenders, investors, and banking institutions to ensure we can find the best option and a program to meet your needs.dollar signs

Financing is available for:

      • Purchase, Refinance, Cash-Out
      • Residential, Commercial, Construction, Land/Lots

With the widest array of programs available, we can provide you with the program that will meet your needs. We offer the lowest down payments, and everything from fixed to adjustable rates.

We can show you the perfect loan when buying property in Mexico.

As a financial planner, Rick Slatton can show you how to own the dream home you always wanted in Mexico. Rick, along with Pacific Paradise Realtors and Paradise Mortgage, can provide you with Purchase and Cash-Out Refinance loans.

Learn more about how financial planning can improve your next real estate transaction. Call our Marina office at (322) 209 0615. You can contact Rick direct at (322) 133 2429 in Mexico, or (541) 255 2322 from the U.S. and Canada. If the line is busy, please call back or write Rick@OldVallarta.com.

Pacific Paradise Realtors

Puerto Vallarta’s first and only one-stop real estate shop.
Residential, Commercial, Financing, Legal, Insurance, Rental, Property Management

Financial Planning for PV Real Estate

“Real estate gives me the ability to use my financial planning skills when I help someone buy, sell, or rent a home,” explains Puerto Vallarta-based real estate agent Rick Slatton.

Gringo GulchThat approach gives Slatton an advantage over more traditionally-focused agents. “I think there are agents who sell,” he explains. “I don’t sell. For me, it is my job to sort out what my clients really want and afford, and to help them find it. With buyers, that means making sure they find a house they’ll enjoy, rather than just trying to make a sale.”

For Slatton, that means listening to what clients tell him, and, based on that, offering options they may not have considered. “I had a client who said Continue reading “Financial Planning for PV Real Estate”

Casa Aralias Doradas, 3/2 Plus Studio – $99,000

Very affordable home on two levels on a private street.

It offers 3 bedrooms plus a studio, 2.5 bathrooms, laundry, and a covered garage for your car.

Situated in a very nice neighborhood, just 8 minutes from El Centro adn 15 minutes to the airport.

Near shopping malls, schools, movie theaters. Continue reading “Casa Aralias Doradas, 3/2 Plus Studio – $99,000”

Residencias Molino de Agua 510 – 3 Bedrooms/3 Baths (Zona Romantica) – $775,000 USD

Molino de AguaBoasting majestic views of the Sierra Madre Mountains from each room, this luxury home is ideally situated on the 5th floor in the much sought after contemporary beachfront development, Residencias Molino de Agua.

Enjoy serene views of the Bay, downtown, Rio Cuale and more from the spacious 560+ sq ft terrace. Common areas include a private beach, sparkling heated infinity pool and private park. Condo comes fully furnished and is completely turn-key.

3 Bedrooms/3 Baths
300+ M2/3,000+ sq ft living space
Completely Furnished & Turn-key
Views of the Bay, Rio Cuale, Downtown & Sierra Madre Mountains
Windows throughout
Over 52+ M2/560+ sq ft of terrace space
Private laundry
Gourmet Kitchen w/ granite countertops
Marble flooring throughout
Deeded parking & storage unit

Google map of property for sale • View All New Listings

For showings and information contact:
Rick Slatton
rick@oldvallarta.com
Cell 322 133 2429
Office 322 209 0615