All posts filed under: Real Estate

Is Fractional Ownership For Me?

You want to own a second home, but you are wondering about whether it’s the right thing to do. After all, you will only use it a few weeks a year to vacation with the family. Can you justify, or afford to buy a place outright, have the ownership expenses all year round, and only use it for vacations? Have you considered fractional ownership?   What is fractional ownership and how does it work? Is it a safe option? Is it right for you? The concept is reality is very simple, and very safe. Fractional ownership, unlike vacation clubs, is fully deeded, meaning that you own a percentage of your property. How does it work? We bring unrelated parties together to co-own a second home, similar to what friends and relatives have done on their own for years and decades. Fractional ownership is the shared ownership of a residence with partner owners in the same unit. Residences in this program are divided into fractions of 1/12 (4 weeks) per year, for life.   You get …

Can I Finance My Full Time or Fractional Purchase?

In this month’s Real Estate article, we are going to discuss a question we often get from potential buyers here at Garza Blanca: can I finance my purchase? Almost everyone falls in love with Garza Blanca. And what’s not to love? The breathtaking views? The meticulous attention to detail? The endless list of services available to our owners? Why wouldn’t someone want to own a vacation home here, a second home or even a retirement home? Being here and experiencing the service triggers emotions in people, and the thought of ownership is one step closer.   Many buyers who walk into the sales office don’t even ask for a tour the property. They have already stayed in the condos, they have laid down by the pool or the beach, they have been waited on by the best in the industry. But then “reality” kicks in, and people think – can I really afford this? A one-off cash payment might not be an option for everyone, and many buyers wonder if financing is available to purchase …

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What is Fractional Ownership?

Fractional ownership is the shared ownership of a residence, with partner owners of the same unit. Fractional ownership is titled ownership, meaning that anyone who buys a fractional (just like with full ownership) has a title to the asset / property. This also means that as the price of property in the area increases over time, so does the value of the investment or fraction. Each fractional unit within Garza Blanca has a total of 13 owners. Each owner buys a 4-week fraction, (12 of them) with the 13th owner getting only 2 weeks. The 2 week fraction is always for weeks 51 and 52, which is the Holiday fraction. The rest of the owners buy a fraction with a season: winter, summer and spring / autumn. The fraction rotates every year within the season. Attached below is a 10 year schedule for your information, so you can see how the fractions rotate each year. If you are thinking about purchasing a Fractional Ownership at Garza Blanca, now is a great time to do it! …

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How to Plan a Move to Mexico

Do you dream of making a move to Mexico to live out a second youth? There are some things to consider if you have decided to move to Mexico. Anytime you move to a new country it involves some planning, so here are some important tips that will help you with your move to Mexico.   VISA Applications and Travel Arrangements Foreigners who enter Mexico are given a 6 month Tourist VISA also known as a FMM Visa. However, if you are planning a move to Mexico, you should apply for a resident Visa for a longer stay.  It is recommended to get help from an immigration lawyer who will help you navigate the immigration process to avoid wasting time at the Immigration offices. Also, if you plan to fly when you move to Mexico, ensure all flight tickets and travel arrangements are secured ahead of time. You don’t want to run the risk of not being able to fly on the dates you want to.    Ensure Passports Are Current Did you know that …

Marble Flooring – Elegance & Durability

Living and owning luxury real estate in Puerto Vallarta lends itself to consider what type of flooring you want for your home. Unlike homes in the United States or Canada, most homes in Mexico have tile flooring for ease of cleaning and practicality. Carpet is a big no-no in Mexico, and most people do not miss carpet at all. If you want to add a touch of warmth or a pop of color, a sectional rug can be a perfect addition to complement your classy tiled floor. The most commonly used tiles in Mexico are made of ceramic, porcelain, brick, cantera and marble. Without a doubt, marble floors are the most elegant and durable of flooring choices, and that is why marble flooring is incorporated into each beachfront residence at Garza Blanca Preserve Resort & Spa. Read below to learn more about the history and function of marble flooring, and why Garza Blanca Preserve Resort & Spa only uses the highest quality Italian marble tiles in each luxury suite. Marble is a metamorphic store that …

Retirement In Mexico: Top Benefits

Vacationing in Mexico is a wonderful way to make lasting memories for people lucky enough to experience the beauty of this incredible country. Mexico is known for its having the best climate year-round, accommodations are reasonably priced, there is an abundance of great restaurants, and miles and miles of white, sandy beaches. For many years Mexico has been a top tourist destination worldwide. If you were fortunate enough to vacation in Mexico, did you fall in love with the country and now want to purchase luxury beachfront real estate and maybe relocate permanently to enjoy retirement in Mexico? Are you ready to ditch the fast paced life in Canada or United States and live a wonderful, laid back life in Mexico? Are you hoping to start planning your retirement in Mexico soon? If you are, then the information below will help you. Interesting History The rich and interesting history are just a couple of the most attractive elements that make retirement in Mexico so special. From the Spanish architecture to the Mayan ruins to the …

Benefits of Real Estate Investment

With the unprecedented availability of properties in the region due to ongoing development as well as continuing enhancement to the area’s infrastructure such as expanded high-speed Internet and a highway that will connect the shore to Jalisco’s capital of Guadalajara, there may have never been a better time to make the Puerto Vallarta area into your new home.

   Renting and yearly leases provide accessible avenues into making your dream of a life on the Mexican coast a reality, but more visitors than ever are making the most out of the city’s evolution by purchasing property in the area. Particularly in a thriving atmosphere like modern Puerto Vallarta, owning real estate not only provides full time access to a tropical paradise, but represents an intelligent investment as well. Real estate is an asset which inherently gains value over time, and with the city completing its transformation into a travel destination on the global stage, prices for properties will only increase with the expected influx of new arrivals. Properties purchased in Puerto Vallarta may also be …

Myth vs Reality of Purchasing a Home in Mexico

Garza Blanca Real Estate’s full-time ownership specialist, Barry Myatt would like to share with members some intriguing insight into the Mexican real estate market. Over the years, Barry has interviewed more than 25,000 real estate clients and was involved with the early fractional real estate market. He operated a private travel agency as well as worked as a consultant in tourism. He has lived in the Caribbean, New York City, Hawaii, and Mexico. You can find Barry working alongside Maria Estela Nuñez at the real estate office on site at Garza Blanca Resort & Spa on your next trip. Why not ask him for some advice? Some Facts & Figures – Tourism and Mexican Real Estate The Mexican government began strategically encouraging tourism to Mexico in the 1960s and 70s, and the country has seen exponential growth of tourism every year since then. Many tourists fell in love with Mexico and decided to purchase part-time or full-time residences inside of Mexico. There is a Mexican saying, “De la vista nacer el amor,” which means, “You …

Why Choose Puerto Vallarta as Your Home?

When it comes to choosing the right place to put down roots there are many factors to consider. On the one hand, it has to be about what’s best for you. But, if you are moving with your family, you will need to consider what is best for each individual as well as your family as a whole. As Garza Blanca Residence Club members, we know you are pretty clear about the reasons why Puerto Vallarta is such a great destination to visit on vacation; but, have you considered what makes it a great place to settle either as a winter home or to become a permanent resident?   Take a look below at what makes Puerto Vallarta a great choice as a place to live. Puerto Vallarta’s Charm Puerto Vallarta is charming, so charming, in fact, that many of the snowbirds who come here year on year end up moving permanently. The oceanside setting and stunning architecture, combined with the low cost of living and amazing amenities, make it a place where you can …

Upgrading Garza Blanca Residence Club Membership to Ownership

At Garza Blanca Residence Club, we pride ourselves on the flexibility of your membership. It is our mission to ensure that members are able to enjoy their investment in the ways that suit them best. One important element that ensures the flexibility of your membership is the ability to upgrade whenever your circumstances change. Upgrading For some members, upgrading simply means buying more club points to cover an extra special vacation you have planned, for others it means moving into the Elite tiers to enjoy additional privileges and benefits, while for some, the opportunity to turn their membership into a real estate investment is the next step. Moving Effortlessly from Membership to Ownership You may be reading this article thinking that you are more than happy with your Garza Blanca membership. Why would you invest in real estate? There are many reasons why people make the upgrade from luxury vacation club privileges to purchasing real estate at Garza Blanca Preserve, not least of which include securing your patrimony for future generations in your family and …