My husband and I are looking to relocate permanently to PP. Does anyone know of a home or condo preferably 3 bedrooms with ocb? View of beach or on the beach preferably. Interested in owner occupancy and have read a few horror stories so I want to be certain I do all of my home work. I know the economy has hit many hard so perhaps we can find a win win situation.
Just as a side note I have really enjoyed reading this board and the wealth of information so many have been kind enough to share.
I guess a good start would be where or what do you want to purchase? A house, condo? Sandy Beach, Cholla Bay, Mirador, close to town, in town, out of town area like Las Conchas, Playa Encanto and many other places?
Realtor's are on a MLS of a Mexico kind AMPI. Check out Grant Mackenzie Sr. web site
We are VERY flexible depending on the situation. Condo or house, nothing less than 2 bedrooms. It is just my husband and myself with a parrot thrown in for good measure. We will consider a lease purchase. We are also flexible to the area in or out of town, I like Sandy Beach but lets face it compared to Seattle ITS ALL GOOD! :-)
My husband is retiring US Gov and I own 3 businesses that I will continue to run south of the border. If there is someone out there that is facing foreclosure and needs a solution we might be able to help.
Come down and look around. There are lots of good deals, but there's also lots of good scammers and good manipulators. Double check everything you learn....There's alot for sale, houses and condos. (We rent right now cause trying to sell a beach house down in Guerrero), but we are planning to buy, or maybe build. Buena suerte!
There are a lot of fabulous homes and condos available around Rocky Point; don't think I've seen foreclosures advertised. You'd have to drive around in the area(s) that you're interested in to find FBO houses. Favian and Casheila are great agents Puerto Penasco Sonora Homes for Sale
If you look at properties online you'll start to get an idea of the prices for homes and condos but you really need to be in town to get a feel for which area you'd be most comfortable in.
Thank you for all the input. All of the properties listed online are through real estate agents but have helped to give me an idea as to what is available. I look forward to heading down and looking around!
Best to rent if moving down here, allot of crazy and wild gringos all over the place! LOL, you learn about FSBO by word of mouth and being down here is really the only way for savey buyers, or shop till you drop, welcome and good luck. Las Conchas Real Estate, Las Conchas Homes for Sale by Point2Homes
2 great condos left in the building at Santo Tomas,the penthouse( spectacular)and a bottom floor unit that can still be changed to two 1br. Or a single 3br...225 k as a large 3 br....think is the last bargain in the subdivision Our workers are painting the outside this week..or for a small story and a half custom home on a big lot figure 160k for a 2 br. 2 bath 11400 sq ft house. gated,underground utilities,safe drinking water,guarded,120$ a month fees..bill paying included. But a hour from rockypoint which has it's good and bad points...set near vineyards,olive groves....I will take your parrot for a ride on my electric bike with a purchase!
Well, forclosure in Mexico is extremely rare since there is virtually no traditinal financing. Defaults here have no impact on credit rating in the US so most defaultees don't care. Condo defauts usually go back to the original developer who financed the original sale and they will put the unit back on the market at market value. Same with home defaults with the original owner. Thinking you can step into a home half paid off is not gonna happen here.
There is no substitute for being on the ground for a time perios and searching. You need to be comfortable with the area and the only way that will happen is if you are here. Many of the condos here are in the rental pool and as such are not conducive to daily living. They come to party and they do.
While some of the condo developers wil finance, the best you will do otherwise with an owner financed deal is something like 50% up front and carry for maybe 5 or 7 years max. Sometimes amortization for payments can be on a 15 year schedule to keep the payment low (useful to those planning retirement with a home to sell when the balloon is due) but a balloon at the 5 or 7 which balloon is close to the the original balance on the note.
You can purchase real estate in Mexico and own it legally there are some importatnt things you must do. I've been here 8 years and observed lots of stuff and right now there is only one person I would trust to work with here. Dee Brooks at [email protected] . Otherwise roll the dice. There are some realtors who are honest but many virtually completely uninformed about processes and are at the mercy of their 'Brokers' but there are no Brokers per se in Mexico so there is no help there. AMPI is a fraternal organization with no legal authority. There is NO such thing as an escrow account in Mexico and millions of dollars have been stolen from buyers and sellers in this way, I take great pride in that one of theise thieves called me an A** Ho** when I objected to some of her methods, that happened just before she and her boyfriend left town with several million inf 'escrowed' money. It's the wild wild west so be careful.
Thank you Roberto for the advice. I think I have had some priceless advice from board members here and will consider moving down and leasing a place with the hopes of future purchase while I continue to get 'educated' as to how the world works south of the border.
We are not looking for an American experience in Mexico, but a change of pace and a slower life and am willing to take the good with the bad. My husband and I have lived all over the world and look forward to making new friends in PP!!
Well, forclosure in Mexico is extremely rare since there is virtually no traditinal financing. Defaults here have no impact on credit rating in the US so most defaultees don't care. Condo defauts usually go back to the original developer who financed the original sale and they will put the unit back on the market at market value. Same with home defaults with the original owner. Thinking you can step into a home half paid off is not gonna happen here.
There is no substitute for being on the ground for a time perios and searching. You need to be comfortable with the area and the only way that will happen is if you are here. Many of the condos here are in the rental pool and as such are not conducive to daily living. They come to party and they do.
While some of the condo developers wil finance, the best you will do otherwise with an owner financed deal is something like 50% up front and carry for maybe 5 or 7 years max. Sometimes amortization for payments can be on a 15 year schedule to keep the payment low (useful to those planning retirement with a home to sell when the balloon is due) but a balloon at the 5 or 7 which balloon is close to the the original balance on the note.
You can purchase real estate in Mexico and own it legally there are some importatnt things you must do. I've been here 8 years and observed lots of stuff and right now there is only one person I would trust to work with here. Dee Brooks at [email protected] . Otherwise roll the dice. There are some realtors who are honest but many virtually completely uninformed about processes and are at the mercy of their 'Brokers' but there are no Brokers per se in Mexico so there is no help there. AMPI is a fraternal organization with no legal authority. There is NO such thing as an escrow account in Mexico and millions of dollars have been stolen from buyers and sellers in this way, I take great pride in that one of theise thieves called me an A** Ho** when I objected to some of her methods, that happened just before she and her boyfriend left town with several million inf 'escrowed' money. It's the wild wild west so be careful.
Artistic Diva, we have 2 properties in escrow now with Dee, I can say we have had no problems, after 10 years working with her. We listed a house with Dee in 2010, it was sold by a well known real estate company in Puerto Penasco, who instead of handling the closing with a notary directly, decided to use, what they call in Mexico a suplente or middleman, well its been over 3 years and our buyers still don't have the guarantee trust they paid for and our capital gains tax money has disappeared, it will probably be a loss to our buyer of around $20,000.00 dllrs, as his money is also gone. I understand there are several buyers in this predicament. I lost my capital gains money, but the property, was never transferred out of our names. I can also say,the people hired to act as middlemen,also took off with the buyers money for his FM2...$800.00 dllrs
I was hoping you would sign on to this issue. It's a serious problem that has not been acted on by the real estate community. Licenses should be revoked over some of the stuff that has happened. There is no excuse. The above is an example. The original seller, Lagrimas85, is still the legal owner of the property as a result. Furthermore the selling agency actually charged an additional fee to manage the sale, as well as collected the sales comission. Talk is that this same sales agency used the same middleman for numerous other 'sales' which are in the same situation today. Officers of AMPI are 'brokers' of some of the agencies involved.
It was a joke, the first contract drawn up by the middle persons, didn't mention anywhere us signing over the house to the buyer's after it was paid in full. Dee had to point it out to them......:hateit:
Check out Puerta Privada. Pricey in comparison but no weekend renters only long term ones. Minimum 6 months. You will be glad you did after you have dealt with Spring break, Semana Santa renters and etc.
The parrot can always go in the way the mexicans used to smuggle them into the states. The smaller birds were put into toilet paper tubes and kept in the dark to be quiet.
Larger birds just bigger tubes.
Oh I would not tell you to do that. But remember I have never been ask if I have a bird.
Hi Dina and Chris,
I am happy to hear you are moving here to Rocky Point! I am also happy to see that you reached out for advice, and that there are caring people offering advice, their experiences, and links to Real estate agent sites and recommendations. I am familiar with the majority of the problems some of these members had either experienced or heard about. It was really the wild west many years ago, now, but in the recent years the State of Sonora has required agents to be licensed, which means in 2008 and 2009, in the FIRST classes, they paid $1250 USD for their Diplomado class (I have the list of attendees, and over 200 other agents and myself included, had attended the Diplomado) That came at a time where the U.S. economy and Mexico sales were declining, we had less sales, less commission, but MORE expenses. In addition, we paid for the "no criminal" record from the police station, and approx. $100 more to give our representative our application packages to carry them to Hermosillo, our state capital. Plus we sat our butts in 100 hours of classes including ethics. They held these classes on our prime business days when clients arrive, Friday evening and Saturday during the day! This is the tip of the iceberg. It was a huge deal to get a State of Sonora license here and we value ours immensely because of what it took to get it. The State of Sonora has had AMPI organize the classes, and we just finished the whole month of September. I was there for my license renewal but there were over 20 new agents in town learning the proper way to do business and the classes were excellent and essential to have the correct knowledge of how to navigate Mexican real estate transactions, INCLUDING RENTALS!! There are new rules applying to rentals, glad it doesn't apply to me, I prefer sales. (by the way, license enforcement is a whole other story!)
You are going to have many of your own experiences that will include being told 20 different answers to just one question, and your patience will be tested. If you are like many of us, you will have earned your right of passage! It takes a special person to live in Mexico full time. After a few years living and selling real estate in Rocky Point, I moved to Puerto Vallarta for nearly 3 years, also selling real estate. Yes there were unethical people there too, but the majority are honorable and GOOD everywhere you go. I moved back to Rocky Point a couple months ago and I am seeing several new faces here. There are so many neat events to attend and things to do. I hope you are getting invited by your real estate agent and/or friends you have made.
By the way, if you choose to deal with an AMPI member, (they are required to be licensed) you will have an avenue to file a complaint if you have a poor experience. You can ask AMPI for a report, there were hardly any this past year, I feel its partly due to proper education of the agents.
The best thing you are doing is your due diligence.
If you chose Dee Brooks, as someone suggested, check out her website and see how much she helps the animals in need, gotta love her for her kindness!
If you chose REMAX, you will find yourself in a friendly helpful family business that cares. I see that someone put a link of www.playa-encanto.com where there is the MacKenzies listed as well, and also listed is Jonni Francis, who has been here many, many years. I've done business with all of them and have dealt with most everyone in town, with no issues at all.
There ARE escrow accounts available, and there are "middlemen" here that are licensed and trusted attorneys that coordinate transactions properly, with no risk for the seller and buyer and real estate agency. Just keep on interviewing until you get the gut feeling you are in the right place. You can perform an MLS search by clicking on the "Search the MLS" tab on the website www.rockypointampi.com
You had asked about foreclosed homes. I know of some condos, not on the internet, and I know of a Las Conchas home that is a fixer upper, it's a family home paid off, just that the child doesn't want it, selling "as is'. It's not on the MLS yet or any website, will most likely sell before it hits the internet, but these "deals" are hard to come by. Just keep searching and good luck to you and maybe we will meet around town. You can see my photo, so please look for me, the www.MexicanBeachBum.com (robin) I can tell you some of the cool events we have in town. Also try visitng www.rockypoint360.com and subscribe to their newsletter.
oops, I tend to write stories, and I think I will make this my next blog! Also you can visit www.mexicomyspace.com a site for expats. Tell George I sent you, he loves to write, he even has books on Amazon about Mexico.
WELCOME HOME DINA AND CHRIS!!
Here's is an absolutely hilarious line from the AMPI definition of a "Broker" : “ Broker”is defined as the individual owner of a corporation, or not,
ROBERTO, please tell me where you see this definition, is it in the Rocky Point AMPI site or another city? If you can, please give me the link so I can investigate. I am a web girl, and if I see errors, I often give feedback to webmasters. Thanks!!!!
Bellla Sirena is also quiet. There are less than 50 condo in the rental pool with Seaside. We are not a cement Bee HIve on weekends and holidays. Always pool chairs available.
Please give me a call at 480 420 6212 i have several 3b/3b Condominiums and homes for sale.
Rocky Point is very safe.
You can also email me your request at [email protected]
Please give me a call at 480 420 6212 i have several 3b/3b Condominiums and homes for sale.
Rocky Point is very safe.
You can also email me your request at [email protected]
Bellla Sirena is also quiet. There are less than 50 condo in the rental pool with Seaside. We are not a cement Bee HIve on weekends and holidays. Always pool chairs available.
Please give me a call at 480 420 6212 i have several 3b/3b Condominiums and homes for sale.
Rocky Point is very safe.
You can also email me your request at [email protected]
Is it Safe?
I just get sick of the real estate professionals papering over the current situation in Sonora.Over 6 killed 9 days ago near Caborca ,one dead in penasco and maybe 20 state wide in a war between factions,military and police that may have loyalties to all sides...
I just get sick of the real estate professionals papering over the current situation in Sonora.Over 6 killed 9 days ago near Caborca ,one dead in penasco and maybe 20 state wide in a war between factions,military and police that may have loyalties to all sides...
And About parrots, yes you can. But there is only 3 ports of entry in the hole border to do it and you require some extra permits. I will be more than glad to help you with that.
What kind of terms are the lenders offering? And what banks lend money on these in the first place? American or Mexican?
I haven't heard of any banks - either US or Mexican - that lend for Mexican property. The foreclosures she's referring to are most likely from the original developer financing, or owners behind on their mortgage looking to get out. Owner financing or developer financed foreclosures is the only thing I've ever heard of.
I haven't heard of any banks - either US or Mexican - that lend for Mexican property. The foreclosures she's referring to are most likely from the original developer financing, or owners behind on their mortgage looking to get out. Owner financing or developer financed foreclosures is the only thing I've ever heard of.
Yeah I hadn't either... If those banks plan on unloading foreclosed condos for cash, there better be a pretty steep discount.
Some will give terms, but there's normally about a 25% down payment and it's usually a short term loan with a balloon.
I remember we were shopping around a few years back and many of the private sellers were accepting offers of 10-20% down. Given the current economy, I just don't see a lot of buyers ready to drop 200k cash on a condo. Of course the beach battle last month won't help either.
My husband and I are looking to relocate permanently to PP. Does anyone know of a home or condo preferably 3 bedrooms with ocb? View of beach or on the beach preferably. Interested in owner occupancy and have read a few horror stories so I want to be certain I do all of my home work. I know the economy has hit many hard so perhaps we can find a win win situation.
Just as a side note I have really enjoyed reading this board and the wealth of information so many have been kind enough to share.
Come down and look around. There are lots of good deals, but there's also lots of good scammers and good manipulators. Double check everything you learn....There's alot for sale, houses and condos. (We rent right now cause trying to sell a beach house down in Guerrero), but we are planning to buy, or maybe build. Buena suerte!
I can help you. Please connect with me. Happy Sunday in Rocky Point
About foreclosures, I saw a list the other day, that had some homes in Mariposa, the rest were houses in San Rafael and Brisa's......
That is Correct Mariposa residential has a bunch a bank owned properties. Will be listing a beautiful home there soon. If you are interested please connect with me. Happy Sunday in Rocky Point
2 great condos left in the building at Santo Tomas,the penthouse( spectacular)and a bottom floor unit that can still be changed to two 1br. Or a single 3br...225 k as a large 3 br....think is the last bargain in the subdivision Our workers are painting the outside this week..or for a small story and a half custom home on a big lot figure 160k for a 2 br. 2 bath 11400 sq ft house. gated,underground utilities,safe drinking water,guarded,120$ a month fees..bill paying included. But a hour from rockypoint which has it's good and bad points...set near vineyards,olive groves....I will take your parrot for a ride on my electric bike with a purchase!
LAGUNA SHORES RESORT , MICHAEL ROBERT KLINE is the owner. He went to Prison in New York for mail fraud .CONDOS doesnt have TITLES if you buy a fractional make sure that have TITLE first, because they used to make fraud selling condos with NOT TITLE.. DONT BUY ANYTHING FROM LAGUNA.He divorced because he was in JAIL for FRAUD. the divorce documents showing that Michael Kline has been ordered to pay child support all these years and has NOT. Yet it appears that he likes to show how generous Laguna shores is to people in Rocky Point at Christmas.......He likes to look good in front of people yet he doesn't take care of his own children..he was in jail in LOS CABOS SAN LUCAS for destroying enviromental desert reserve to build ROLLING HILLS states resort find him in the web. on pictures shows how faces are changed so that people do not recognize him. He was friends with the famous Jeffrey MacDonald: Jeffrey R. MacDonald 00131-177 Served time at FCI Sheridan from July 1991 to May 2003. Currently serving time at FCI Cumberland. U.S. Army medical officer and a member of the Special Forces Green Berets who was convicted in 1979 of killing his wife and two children. same time when michael was in prision. SEE the pics. What about wife fraud, He committed fraud to his WIFE selling a Scottsdale property for $500,000.00 DLLS. Do you trust in laguna shores? see this picssss..... I have never received a penny from Michael for the girls or myself. Any man that denies his own children is not an honorable man.
Michael is not the big shot he thinks he is.....He is not powerful or wealthy. He only tries to look like he is. He has proven that he has a very mean and vindictive side. I was very happy when the judge here in Arizona stated that Michael is not an honest man! The authorities here know what he is like and that is helpful
He wants to be liked in Mexico as he cannot live in the United States. He is fearful of any Mexican officially complaining about him.
He even tried to leave us homeless and without a car etc....Monster Michael indeed.
monster michael. please keep passing the information
laguna shores resort de puerto peñasco es un fraude , cuidado con comprar una membresia porque el dueño de laguna shores michael kline estuvo en la carcel de nueva york por fraude, tambien le hizo fraude a su esposa en arizona y aparte no paga manutencion de sus hijos en arizona , tambien estuvo en la carcel en los cabos san lucas por destruir parte de la reserva ecologica para construir otro hotel ROLLIN HILLS , buscalo en internet con su nombre MICHAEL ROBERT KLINE. y mira las fotos si usted no cree . pasala a otras personas para que no les cometan fraude...Los condominios NO tienen TITULOS de PROPIEDAD que te los muestren todos....
LAGUNA SHORES RESORT , MICHAEL ROBERT KLINE is the owner. He went to Prison in New York for mail fraud .CONDOS doesnt have TITLES if you buy a fractional make sure that have TITLE first, because they used to make fraud selling condos with NOT TITLE.. DONT BUY ANYTHING FROM LAGUNA.He divorced because he was in JAIL for FRAUD. the divorce documents showing that Michael Kline has been ordered to pay child support all these years and has NOT. Yet it appears that he likes to show how generous Laguna shores is to people in Rocky Point at Christmas.......He likes to look good in front of people yet he doesn't take care of his own children..he was in jail in LOS CABOS SAN LUCAS for destroying enviromental desert reserve to build ROLLING HILLS states resort find him in the web. on pictures shows how faces are changed so that people do not recognize him. He was friends with the famous Jeffrey MacDonald: Jeffrey R. MacDonald 00131-177 Served time at FCI Sheridan from July 1991 to May 2003. Currently serving time at FCI Cumberland. U.S. Army medical officer and a member of the Special Forces Green Berets who was convicted in 1979 of killing his wife and two children. same time when michael was in prision. SEE the pics. What about wife fraud, He committed fraud to his WIFE selling a Scottsdale property for $500,000.00 DLLS. Do you trust in laguna shores? see this picssss..... I have never received a penny from Michael for the girls or myself. Any man that denies his own children is not an honorable man.
Michael is not the big shot he thinks he is.....He is not powerful or wealthy. He only tries to look like he is. He has proven that he has a very mean and vindictive side. I was very happy when the judge here in Arizona stated that Michael is not an honest man! The authorities here know what he is like and that is helpful
He wants to be liked in Mexico as he cannot live in the United States. He is fearful of any Mexican officially complaining about him.
He even tried to leave us homeless and without a car etc....Monster Michael indeed.
monster michael. please keep passing the information
laguna shores resort de puerto peñasco es un fraude , cuidado con comprar una membresia porque el dueño de laguna shores michael kline estuvo en la carcel de nueva york por fraude, tambien le hizo fraude a su esposa en arizona y aparte no paga manutencion de sus hijos en arizona , tambien estuvo en la carcel en los cabos san lucas por destruir parte de la reserva ecologica para construir otro hotel ROLLIN HILLS , buscalo en internet con su nombre MICHAEL ROBERT KLINE. y mira las fotos si usted no cree . pasala a otras personas para que no les cometan fraude...Los condominios NO tienen TITULOS de PROPIEDAD que te los muestren todos....
We are VERY flexible depending on the situation. Condo or house, nothing less than 2 bedrooms. It is just my husband and myself with a parrot thrown in for good measure. We will consider a lease purchase. We are also flexible to the area in or out of town, I like Sandy Beach but lets face it compared to Seattle ITS ALL GOOD! :)
My husband is retiring US Gov and I own 3 businesses that I will continue to run south of the border. If there is someone out there that is facing foreclosure and needs a solution we might be able to help.
I have a 2 BR house near Playa Bonita area. I will be in Penasco the first week of Jan should you want to have a look see.
Ron
Word around town is ,that's a disfunctional community, MISMANAGED HOA , Disgruntled old folks. That's why there are FSBO 's . Why build your home in that atmosphere? Even though it's one of the most beautiful beaches around.
Word around town is ,that's a disfunctional community, MISMANAGED HOA , Disgruntled old folks. That's why there are FSBO 's . Why build your home in that atmosphere? Even though it's one of the most beautiful beaches around.
Always had a good time when renting there pre 2004 when the stinking Mayan Palace appeared.." except for the constantly drunk late 30s son of the old lady that rented the third house from the end who constantly hit on female renters....we beat the shit out of him one night and the next morning( well noon) he remembered nothing...
Word around town is ,that's a disfunctional community, MISMANAGED HOA , Disgruntled old folks. That's why there are FSBO 's . Why build your home in that atmosphere? Even though it's one of the most beautiful beaches around.
Looking forward to hearing from some of our Miramar members about this...
My husband and I are looking to relocate permanently to PP. Does anyone know of a home or condo preferably 3 bedrooms with ocb? View of beach or on the beach preferably. Interested in owner occupancy and have read a few horror stories so I want to be certain I do all of my home work. I know the economy has hit many hard so perhaps we can find a win win situation.
Just as a side note I have really enjoyed reading this board and the wealth of information so many have been kind enough to share.
Cant wait to be part of such a warm community!
Dina & Chris
My home is behind Playa Bonita Hotel and is a 2 BR 2 BA single dwelling and it is for sale
Well I suppose your first hand information is better than my second hand info that I have heard for years that Dee Brooks at Twin Dolphins Realty is great.
Well I suppose your first hand information is better than my second hand info that I have heard for years that Dee Brooks at Twin Dolphins Realty is great.
Sure, in my experience, she's great for her own interests.
The big time real estate hustlers don't like her because she is.....what is that word?.....oh yea HONEST
Well I am guessing that 'Concerned' is one of the hustlers. The owner of one of the hustler's shops recently told her he was going to harass her at every opportunity. That, told to her face, simply because she has declined to join that social organization AMPI. AMPI touts their so called 'MLS', which it is certainly is not. A true MLS is a separate business organization offering professional service to brokers. This thing here is managed, day to day, by one of the 'brokers'. Talk about foxes guarding the hen house. It is incomplete and inaccurate and has been operated dishonestly by AMPI in the past.
I have know Dee well for the about 6 years that I have hung around the office, and I do not know what 'concerned' is concerned about as I have never observed anything but honest business here. She hold the oldest active license in Sonora.
True she does not play the game. She will object when one of the 'hustlers' adds on fictitious charges. She does not pack on several thousand dollars to a sale for 'closing coordination' or make up stuff like charging for a 'bridge' loan on a straight up deal, both of which I have personally observed from other shops. We worked with a gent who had passed over $10K earnest money on a property that was so screwed up that it was not saleable and the selling broker ,'hustler', knew that full well. As a result of this the 'snipers' have been real active lately spreading half truths, distortions and outright lies.
