Below are the "Top 10" reasons to use a REALTOR, at the bottom we will cover how NAR and AMPI work together to protect you in making a real estate purchase in Mexico.
If you’ve ever purchased residential or commercial real estate in the United States, you are probably familiar with the NAR ~ the National Association of Realtors. This organization links realtors all over the USA together through a set of common industry held expectations about the buying and selling of property, and binds its members with a strict code of professional ethics to protect the legal and property rights of their clients.
Buying property with the help of a REALTOR gives you a reason to feel confident in your real estate transaction and allows you to rest assured that all necessary paperwork has been completed and filed according to a specific timeline so that your purchase is 100% legal.
Thanks to its mild tropical climate, stunning beaches, immense stretches of undeveloped land and hospitable people, Puerto Vallarta Mexico has become a major retirement destination for US and other foreign investors who wish to live in Puerto Vallarta. However, the laws governing property ownership by foreigners are quite different in Mexico than they are in the United States. If you’re interested in finding that perfect little parcel of land by the sea, it is a good idea for you to work with a real estate broker who is also a member of La Asociación Mexicana de Profesionales Inmobiliarios, A.C. (AMPI) the Mexican counterpart to the U.S.'s NAR.
As long as they remain in good standing, Mexican real estate brokers, agents, developers, financial consultants, property managers, appraisers and consultants are all invited to become members of AMPI. It is worth noting that according to AMPI National, most AMPI members hold some form of certification in real estate.
AMPI members participate in exclusive, up-to-date training through a variety of courses, meetings, seminars and a major annual international convention. They are also able to join foreign real estate associations such as our NAR, the Canadian Real Estate Association (CREA) and FIABCI (International Real Estate Federation) at an international level. Thanks to their excellent network of international contacts, International AMPI members may assist you with property transactions both within and outside of Mexico.
AMPI has over 50 chapters located throughout Mexico and a sixty year history of excellence. Each chapter is independent, with its own board of directors. The group as a whole has over 4000 affiliates and associates throughout Puerto Vallarta and mainland Mexico. Together they work to create and uphold laws governing the Mexican real estate industry and work under their code of ethics designed to protect the property rights of investors. Their organizational goal is to make sure that all real estate transactions throughout the Republic of Mexico are "reliable, trustworthy and efficient".
Most AMPI member firms are also members of the MLS for their particular city and may show you any property you are interested in viewing at a given time.
So what does this mean for you, the investor? If you want to find the perfect property in Mexico and receive intelligent and accurate guidance about how to purchase it correctly (and legally!) make sure the team of professionals you hire to assist you in all aspects of your transaction belong to AMPI.
A "REALTOR" is a member of the United States National Association of Realtors and adheres to higher ethical standards, and agrees to work within NAR's code of ethics.
1.- A Realtor can help you with the market.
Whether you´re a buyer or a seller, a Realtor is the one you can turn to for information for home values neighborhood, taxes, zoning, schools and more.
2.- A Realtor can help you set the price.
A Realtor knows the current real estate market and can help you set a realistic selling price.
3.- A Realtor can help you advertise efficiently.
When you´re a seller, a Realtor handles and pays for all marketing efforts for your home, from advertising and arranging open houses, to placing a sign in front of your home.
4.- A Realtor can help you with financing.
When you´re a buyer, a Realtor will help pre-qualify you, help you find financing, arrange for home inspections and so on. A Realtor can also assist the seller on financing the buyer.
5.- A Realtor can help you add sales appeal.
A Realtor knows how to add the extra appeal to your home at little cost that can generate interest. If you´re the buyer, a Realtor often can suggest imaginative changes for making your prospective new home more suitable for you and more valuable.
6.- A Realtor can help you with details.
A Realtor handles many time-consuming time tasks that are a part of the real estate transaction process. Both buyers and sellers are kept informed while free from stress.
7.- A Realtor can help you at your closing.
A Realtor will accompany you to the closing or even attend in your place, and help you with all the paperwork beforehand.
8.- A Realtor can help you find your best deal.
Whether you´re a buyer or a seller, a Realtor is bound and obligated by the Code of Ethics to give fair treatment to all parties in the transaction.
9.- A Realtor brings buyers and sellers together.
A Realtor ultimately helps both parties finding the best homes in an affordable price range for qualified, serious buyers.
10.- A Realtor lets you live your life.
A Realtor is a professional who has the expertise and time to get the job done right. That makes it easier for you to relax and let the process work.