Several months ago

by Gringo Viejo @, Kansas, Tuesday, May 23, 2017, 12:18 (147 days ago)

someone was trying to sell a newly constructed house w/pool in Ixtapa; the price was $199,0000; had a nice picture.
Any one know if it is still available?

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Several months ago

by Labrat ⌂ @, The Roosterfish Foundation, Tuesday, May 23, 2017, 12:53 (147 days ago) @ Gringo Viejo

Have you checked any of the real estate sites?

Keith

--
Más Chile Más Mejor

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Several months ago

by Gringo Viejo @, Kansas, Tuesday, May 23, 2017, 13:16 (147 days ago) @ Labrat

Actually I have and can't find that particular home. Also, searched this board archives. That house sort of "clicked" in my mind so just checking. I'm ready to put down roots and may buy or build.

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Several months ago

by Labrat ⌂ @, The Roosterfish Foundation, Tuesday, May 23, 2017, 13:26 (147 days ago) @ Gringo Viejo

That's a big decision!!

Luck to ya!

Keith

--
Más Chile Más Mejor

Pay no attention
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Several months ago

by joe26170 @, Full time in Z, Wednesday, May 24, 2017, 07:44 (147 days ago) @ Gringo Viejo

It seems to me that most of the houses posted on the real estate sites are waaaay overpriced. If building is an option I would look at that much more closely. Also, if you want to live in a particular neighborhood, walk through and check out the houses. Even though there may not be a "for sale" sign, it does not hurt to ask if the owner is willing to sell. Many are.

Several months ago

by Gringo Viejo @, Kansas, Wednesday, May 24, 2017, 08:44 (146 days ago) @ joe26170

The prices do seem high to me also BUT they are what they are. And, yes, prices are different for gringos and native populace. My comapnera and I have asked separately and the price is often 25% higher for me, not always but often.

Construction costs for a house comparable to mine in AZ (stucco, tile roof, solid counter, tiled, etc) are about $52 a s.f. You do the math: construction costs, landscaping, lot cost) and the lot costs are high for me but the market determines the price, not me. Right now on Playa Blanca you will be hard pressed to find a 10 meter wide (100 meter deep) lot beachfront lot for $175,000 USD. Move across the beach frontage road and there are comparable lots for $50,000 or less with NO BEACH ACCESS; in my book, without beach access you might as well be in Los Achotes where lots are VERY affordable.

But of course this is all my opinion. The actual cost/value is when a willing buyer and willing seller agree on a price, e.g., the marketplace.

The allure of a beach seems o drive the high prices.

Several months ago

by joe26170 @, Full time in Z, Wednesday, May 24, 2017, 09:24 (146 days ago) @ Gringo Viejo

I don't believe that the market is determining prices. From what I have seen there are few sales. So, you can ask whatever you want but if it does not sell then it's just a fantasy price. The trend here looks like prices are on the decline and will continue to do so until the gov. does something about the corruption and violence. Why not do your search from the other direction. Advertise what you want and what you are willing to pay as broadly as possible. In the mean time it may make more sense to rent until sellers are more realistic. Check out yo soy Ixtapa on facebook. There are frequently houses for sale there.

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Several months ago

by ZihuaRob ⌂ @, Zihuatanejo, México, Thursday, May 25, 2017, 13:08 (145 days ago) @ joe26170

I don't believe that the market is determining prices. From what I have seen there are few sales. So, you can ask whatever you want but if it does not sell then it's just a fantasy price. The trend here looks like prices are on the decline and will continue to do so until the gov. does something about the corruption and violence. Why not do your search from the other direction. Advertise what you want and what you are willing to pay as broadly as possible. In the mean time it may make more sense to rent until sellers are more realistic. Check out yo soy Ixtapa on facebook. There are frequently houses for sale there.

I would be extremely wary of any properties listed on Facebook that are not listed by local realtors. I already list the most trustworthy and reliable local realtors here on my website.

My mother used to suggest to her clients lowering their prices when it was warranted but some would insist on keeping their prices unrealistically high. IMHO the demand does not justify a lot of the high prices, but folks remain hopeful and reluctant to accept a loss on their investment, a pattern I've watched repeat itself for decades on my former home of St. Croix and all up and down Florida where I used to live. However with the current construction of Punta Garrobos there are about to be dozens more homes and condos on the market, so additional supply will hurt the already low prices.

My recommendation is to find what you like, ignore the asking price and instead offer what you are willing to pay. I suspect sellers will be more responsive than might be imagined, especially for properties that have been on the market longer.

Several months ago

by Gringo Viejo @, Kansas, Thursday, May 25, 2017, 13:22 (145 days ago) @ ZihuaRob

Fully agree. Sellers are wanting to make a profit that just isn't there. They are looking at the house they purchased as an investment, not a home.

And when you make that offer, make it good for 72 hrs. The seller will either sell or get off the pot, so to speak.

And if you put the "word out" you are looking you will draw offers to sell. Within limits, don't put out the word how much money you are willing to spend. The selling price has a magical way of moving up to what you have to spend.

Several months ago

by wescanuck, Thursday, May 25, 2017, 13:25 (145 days ago) @ ZihuaRob


I would be extremely wary of any properties listed on Facebook that are not listed by local realtors. I already list the most trustworthy and reliable local realtors here on my website.

Don't mean to call you out Rob but you do not list the realtor that you have listed your house with. (I saw it on their FB page) Any reason?

Several months ago

by Gringo Viejo @, Kansas, Thursday, May 25, 2017, 13:52 (145 days ago) @ wescanuck

Rob, is this your Mom's house?

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Several months ago

by ZihuaRob ⌂ @, Zihuatanejo, México, Thursday, May 25, 2017, 13:56 (145 days ago) @ Gringo Viejo

Rob, is this your Mom's house?

No, she sold her townhouse years ago as soon as she moved out of it.

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Several months ago

by ZihuaRob ⌂ @, Zihuatanejo, México, Thursday, May 25, 2017, 13:54 (145 days ago) @ wescanuck


I would be extremely wary of any properties listed on Facebook that are not listed by local realtors. I already list the most trustworthy and reliable local realtors here on my website.

Don't mean to call you out Rob but you do not list the realtor that you have listed your house with. (I saw it on their FB page) Any reason?

Thank you for alerting me to that unauthorized listing. It will be removed.

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Several months ago

by Talley Ho @, Playa la Ropa/Silver Strand Beach, California, Thursday, May 25, 2017, 19:23 (145 days ago) @ ZihuaRob

We did EXACTLY what you suggested, and it worked out beautifully. Our property had been on the market a long time, we offered what we thought it was worth, and got it for less. We are very happy!

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Several months ago

by Hunter-MX ⌂ @, Troncones, Gro. Mexico, Wednesday, May 24, 2017, 10:06 (146 days ago) @ Gringo Viejo

I feel like you maybe have a little tunnel vision on what you are looking for. A very important factor in beach front is maintenance costs. Your structure will begin deteriorating even before you finish.

Also, to say Los Achotes as opposed to across the street from the beach is cutting your nose off to spite your face. 5 minutes walking as opposed to 15 minutes driving. Breezes as opposed to none.

If you are willing or have entertained the thoughts of Playa Blanca etc. have you looked at Troncones? There are MANY homes for sale here in all price ranges.

--
www.williammertz.photography

Several months ago

by Gringo Viejo @, Kansas, Wednesday, May 24, 2017, 11:12 (146 days ago) @ Hunter-MX

Am very aware of upkeep needed on beach. I have stayed for several years for extended periods on Playa Blanca, am in a house there right now.

For me, a five minute walk is more difficult than an a 15 minute drive. And I have looked at the lots across the road and the breezes are practically non-existent.

I will look at Troncones as well as other beaches. Thanks

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Several months ago

by Hunter-MX ⌂ @, Troncones, Gro. Mexico, Wednesday, May 24, 2017, 11:57 (146 days ago) @ Gringo Viejo

Just some helpful thoughts from someone that has lived here many many years and seen many things...

--
www.williammertz.photography

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Several months ago

by Labrat ⌂ @, The Roosterfish Foundation, Wednesday, May 24, 2017, 11:59 (146 days ago) @ Hunter-MX

:megusta:

And is In Process!!!!
(it's going to be so sweet!)

Keith

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Más Chile Más Mejor

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Several months ago

by Labrat ⌂ @, The Roosterfish Foundation, Wednesday, May 24, 2017, 11:32 (146 days ago) @ joe26170

Depends on the site, and if they are posted in Pesos or Dollars, and if they have updated their offerings posted in Dollars to reflect the high exchange rate.

Mexico Beach Property has been doing so all along, and I see properties selling there, bu also properties that have been pulled off the market. I assume that the ones being pulled are folks that don't want to take the hit on the exchange rate.

Either way, I would rather do the conversion myself, and follow the rate of exchange myself. It just seems to me that rates in Dollars for Mexico Property, is somehow, someone, somewhere, is trying to game the system to get deeper in your pockets.

But that's just Cynical Me!!

Keith

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Más Chile Más Mejor

Pay no attention
Just Another Tourist

laSeveral months ago

by gemini67, Wednesday, May 24, 2017, 11:58 (146 days ago) @ Labrat

la brat have you made your resos atAI in 20018? Just kidding one joker to another..;-)

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laSeveral months ago

by Labrat ⌂ @, The Roosterfish Foundation, Wednesday, May 24, 2017, 12:02 (146 days ago) @ gemini67

(chuckle!)

No, I am still watching the air fares like a Hawk!

United is outrageous right now for the Fall Trip.
Delta could use a bit of a drop for March 18 as well!

Keith

--
Más Chile Más Mejor

Pay no attention
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laSeveral months ago

by Paulf @, Mount Sterling, Ky 40353, Friday, May 26, 2017, 10:50 (144 days ago) @ Labrat

Normally United drops their Air Miles to fly from Chicago to "Z" in January. Our flight down was 35k ea and return 35k for both on the non-stop. Some days they will have 35k for both flying to Canada then a non-stop to "Z". Before was able to change to the less air miles- will just have to keep monitoring the flight.

Several months ago

by Gringo Viejo @, Kansas, Wednesday, May 24, 2017, 12:01 (146 days ago) @ Labrat

I agree. There are so many ways to game the system: Play the exchange rate game, play the gringo or Mexican price game, if it doesn't sell then raise the price so you can knock it back down for a "good deal" game, or raise the price when you go to closing game, or not have a clear title game, etc. A title and excow company could solve a lot of the problems.

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Several months ago

by Labrat ⌂ @, The Roosterfish Foundation, Wednesday, May 24, 2017, 12:03 (146 days ago) @ Gringo Viejo

:megusta:

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In US Dollars

by Talley Ho @, Playa la Ropa/Silver Strand Beach, California, Wednesday, May 24, 2017, 14:38 (146 days ago) @ Labrat

We just bought, and the price was in US dollars because the seller is in Florida, has always been in Florida, and that's what she wanted. That could be the case with other properties, too.

In US Dollars

by Gringo Viejo @, Kansas, Wednesday, May 24, 2017, 17:21 (146 days ago) @ Talley Ho

It is my understanding that buyer and seller can use any currency they like but the Notary will always record it in pesos. You could end u p with a capital gain without making a profit. For example, you bought a property for $10,000 USD back when the exchange rate was 10 to one so it would have been recorded as 100,000 pesos. Then last winter you sold it for $10,000 USD (no profit) ; the Notary would have recorded it as 200,00 pesos when the exchange rate was 20 to 1.

Ah, the magic of numbers!

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In US Dollars

by Talley Ho @, Playa la Ropa/Silver Strand Beach, California, Wednesday, May 24, 2017, 17:32 (146 days ago) @ Gringo Viejo

You are correct, but that's the way it is if you want to buy in Mexico, and we did.

In US Dollars

by midalake @, Wednesday, May 24, 2017, 19:11 (146 days ago) @ Gringo Viejo

It is my understanding that buyer and seller can use any currency they like but the Notary will always record it in pesos. You could end u p with a capital gain without making a profit. For example, you bought a property for $10,000 USD back when the exchange rate was 10 to one so it would have been recorded as 100,000 pesos. Then last winter you sold it for $10,000 USD (no profit) ; the Notary would have recorded it as 200,00 pesos when the exchange rate was 20 to 1.> > Ah, the magic of numbers!

However if you sell the condo for $100,000 pesos and the artwork furniture and contents for $100,000 pesos your taxable income is -0- [zero] Ah the magic of numbers.

D

In US Dollars

by Gringo Viejo @, Kansas, Thursday, May 25, 2017, 12:16 (145 days ago) @ midalake

Don't you just love it when a plan comes together? Hooray!

Dirty litle secret--

by Gringo Viejo @, Kansas, Thursday, May 25, 2017, 12:55 (145 days ago) @ Gringo Viejo

some unlucky devil down the line will be caught holding the bag (unless they use property for primary residence for 3 years then no capital gains tax------I think

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Dirty litle secret--

by mexicoman @, Puerto Juarez, Cancun, Friday, June 09, 2017, 12:43 (130 days ago) @ Gringo Viejo

If it is your primary residence, and you have residency (temp or perm) you qualify for a 700,000 UDIS exemption. The current value of UDIS is 5.74+ Pesos. The exemption is 700,000 UDIS. That's about 4 million Pesos. That is in addition to broker's commission deduction, improvements, etc.

At least that is my understanding from speaking with a Notary in Cancun yesterday, June 8.

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Dirty litle secret--

by frostbite ⌂ @, Hamilton MT, Friday, June 09, 2017, 13:40 (130 days ago) @ mexicoman

And what is UDIS?

--
[image]
http://www.casa-amarilla-zihua.com

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Several months ago

by la gabacha @, Ixtapa, Wednesday, May 24, 2017, 12:34 (146 days ago) @ Gringo Viejo

I am pretty sure the house your talking about is on ziuabella site under real estate . I sa it yesterday but it was not new new but used new. good luck you can put in your price on that site and find it