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Rocky Point (Puerto Penasco): Buying and Selling

Interested buying or selling a condo in Puerto Penasco (Rocky Point)? Take a look at a few facts

In the last five years Puerto Penasco aka Rocky Point has experienced a Real Estate boom as investors have flocked to Rocky Point in hopes of cashing in on the many Rocky Point real estate investment opportunities that exist. Many people are interested in buying Real Estate in Rocky Point and selling Real Estate in Rocky Point, but have questions and concerns about both. We would like to take a moment to discuss both buying Real Estate in Rocky Point and selling Real Estate in Rocky Point.

Buying Real Estate in Rocky Point

First, we will touch on buying real estate in Rocky Point. There are two common questions that we get about buying Real Estate in Rocky Point. First, is it difficult to buy Real Estate in Rocky Point? Second, is it safe to buy Real Estate in Rocky Point? It is NOT difficult to buy real estate in Rocky Point, and your investment is safe. Naturally, as with any investment stateside or out of the country, it is advised that you do your home work before making any investment decisions, and you invest at your own risk.

For more than 30 years now Mexico's Foreign Investment Law has been changed to allow non-Mexican citizens the ability to acquire coastal and border property. The property is acquired through trusts that are established with a Mexican bank. In 1993 this law was amended to extend the term of the trust to 50 years, renewable for additional 50 year periods.

This initiative was designed solely to help facilitate ownership of Mexican real estate by non-Mexicans, and to protect foreign owners rights. Under this trust set-up, the bank holds the deed to the property for you. Your property is not part of the bank's assets and cannot be subject to a lien or attached to bank obligations. You have all ownership rights to the property. The trust is not a lease.

Trusts are renewable at any time by a simple application. A common misunderstanding is that the Government takes the property back at the end of the trust period. This is not the case and is not the intent of this policy. For more information, please see a real estate professional who is experienced in buying real estate in Rocky Point.

Selling Real Estate in Rocky Point

When selling Real Estate in Rocky Point, it is advised to use a Real Estate professional for assistance and advice. This will help you with any intricacies of doing business in Rocky Point that may differ from the norm in the USA. There are many different Real Estate agents that can assist you. If you visit our real estate listings page select view all listings, then you will see that there are various agents that you can contact regarding any specialized questions about selling real estate in Rocky Point.