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Rocky Point (Puerto Penasco) Mexico - Real Estate Services

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Majestic Realty Company Page, Rocky Point (Puerto Penasco), Sonora, Mexico 83550
Realty Executives Company Page, Rocky Point (Puerto Penasco), Sonora, Mexico 83550
Remax Legacy Company Page, Rocky Point (Puerto Penasco), Sonora, Mexico 83550
Casa Fina Company Page, Rocky Point (Puerto Penasco), Sonora, Mexico 83550
Century 21 Company Page, Rocky Point (Puerto Penasco), Sonora, Mexico 83550

Real Estate Sales Companies in the Rocky Point (Puerto Penasco).

Are you interest in buying or selling real estate in Rocky Point Mexico?  What real estate companies are there in Rock Point?  Are there U.S. based franchises servicing the Rocky Point area.  Are agents in Mexico and the State of Sonora licensed?  How can you find a reputible agent and company to represent your real estate service needs?  We have listing of all the real estate companies and agents in the Rocky Point (Puerto Peansco) area.

Real Estate Sales Companies in Rocky Point (Puerto Penasco) Mexico.
Real Estate Sales Companies in Rocky Point (Puerto Penasco) Mexico.

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Notario Publico & other Real Estate Services in the Rocky Point (Puerto Penasco).

What are the duties of a Notario Publico?  Do you need one in a real estate transaction?  Questions regarding their origins, qualifications and duties are explained.  We look furthe at when real estate actually closes, what closing costs are and many other issues involving closing on real estate in Mexico.  The contact information on Notario Publico in the Rocky Point area are listed.

Notario Publico & other Real Estate Services in Rocky Point (Puerto Penasco) Mexico.
Notario Publico & other Real Estate Services Venders in Rocky Point (Puerto Penasco) Mexico.

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Appraiser, Architects, Engineers & Surveyors in the Rocky Point (Puerto Penasco).

Do you need an appraisal on your Mexican house?  Do you need an architect to design your dream beach home?  Do you need a lot surveyed?  We have information about these issues and a directory of apprasiers, architects & surveyors in the Puerto Penasco area.  They can handle your real estate needs throughout the State of Sonora, Mexico.

Appraiser, Architects, Engineers & Surveyors in Rocky Point (Puerto Penasco) Mexico.
Appraiser, Architects, Engineers & Surveyors Venders in Rocky Point (Puerto Penasco) Mexico.

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Builders & Developers in the Rocky Point (Puerto Penasco).

Are you considering building a home in Rocky Point?  Who are the developers of residental subdivision in Rocky Point?  These questions and other are answered regarding your home building experience.  We have a list of the residential home builders working in the Puerto Penasco area.

Builders & Developers in Rocky Point (Puerto Penasco) Mexico.
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Lawyers in the Rocky Point (Puerto Penasco).

Should you use an attorney in a real estate transactoin?  Do you have legal problems and need to hire a lawyer licensed in Mexico?  We have information on local law firms as well as lawyers licensed in Mexico and the U.S.  (ie. Arizona, California and/or Texas).

Lawyers in Rocky Point (Puerto Penasco) Mexico.
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Real Estate Sales Agents in the Rocky Point (Puerto Penasco).

Are you looking for a real estate agent in Rocky Point, We have most of the companies and list of their agents.  We also have many of the top agent personal profiles and expand information and pictures on their listings.  We also discuss about licensing & education requirements for agents and we have a agent checklist the can assist you in selecting a good agent.

Real Estate Sales Agents in Rocky Point (Puerto Penasco) Mexico.
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Construction Services in the Rocky Point (Puerto Penasco).

Are you considering a construction project and need a variety of subcontractors?  Do you need heavy construction equipment or cranes? we have it. Mobile trailers, Port-a-Johns and much more can be found in this construction subcontractor service directory.

Construction Services in Rocky Point (Puerto Penasco) Mexico.
Construction Services Venders in Rocky Point (Puerto Penasco) Mexico.

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Homeowners Associations in the Rocky Point (Puerto Penasco).

Rocky Point has many different "communities" within the area. Many, if not all, have formed Homeowners Associations to help govern these communities. Issues, as far, as security, utilities, road & building maintenance, bulding codes etc are handled through these HOAs. We have put together all available information regarding this associations, including contact information and web links, when available. If you are looking to buy and or build, check out the bylaws first. We have it, so now you have it, check it out.

Homeowners Associations in Rocky Point (Puerto Penasco) Mexico.
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Real Estate Sales Companies Information
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  1. Does Rocky Point have a multiple listing service?
  2. Seller's Checklist
  3. Buyer's Checklist
  4. a.

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Puerto Penasco Association of Real Estate Agents

Does Rocky Point have a multiple listing service?

Yes, there a mulitple listing service. However the service is new within the last several years and it is growing every year with more and more benefits by the association. However, the sharing of data is still lacking and comparable sales information used to establish market values for properties is still a little lacking. Over the last couple of years we have also seen the licensing of real estate agents, so we see the future as only getting better.

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Phyllis Lefreve - Coldwell Banker Listing Agent sign

Seller's Checklist

Click here to display the Seller's Checklist

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Buyer's Checklist

BEFORE YOU BUY, CHECK THIS LIST OUT! Some people before you probably wished that they had a check list like this or other, before they had entered into a purchase agreement. Buying real estate in Mexico is much different than that of the United States. Even if you have purchased real estate in Mexico before, the process is developing beyond yesterday. As a Designated Broker of real estate in Arizona, our process has grown over the years also.

Click here to display the Buyer's Checklist

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Notario Publico Information
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  1. What does a Notario Publico do in their job?
  2. Who can become a Notario Publico?
  3. What are the origins of the Notario Publico?
  4. When does real estate close in Mexico?
  5. Do we need a notary Publico in our transaction & Why?
  6. .

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What does a Notario Publico do?

In Mexico, the incorporation of every company, the buying and selling of all types of real estate, the establishment of deeds and wills, the creation of mortgages, among other transactions, must be protocolized by a Notario Publico.  Additionally, in certain cases, failure by a Notario Publico to properly calculate and withhold taxes can result in personal liability.  Franciso Visoso, Notario Publico number 145 for Mexico City notes, "It is the Notario Publico’s responsibility to labor over the document and make sure it is in conformance with the law."

In many respects, the Mexican Notario Publico serves not only as a lawyer but also as a judge in his role as protector of the law."  For example, next to the Notario Publico’s signature on a document is the phrase "I Give Faith" (Doy Fe).

The principal difference between the Mexican Notario Publico and a Arizona Notary Public is that the Mexican Notario Publico is responsible for the legality of the content of the document while the Arizona Notary Public only certifies the identity of the signer.  As Notario Publico Visoso notes, "That is a substantial difference.

The Mexican Notary Publico has little relationship to our U.S. notaries.  The Mexican Notary Publico is a highly specialized attorney authorized by the Mexican Government.  The duties include handling all real estate transactions, wills, legal documents, commercial transactions.  Their authority exceeds that of an attorney and many times are the independent 3rd party in the transaction to intervene where necessary.

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Who can become a Notario Publico?

A candidate to be a Notario Publico in the Federal District of Mexico must:

   be Mexican by birth
   be older than 25 but younger than 60
   be in good health
   have a good reputation
   not be the leader of a church
   not have a criminal record
   have studied under a notary for at least 6 months prior
   take a written exam
   be a legal professional with the title of lawyer

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What are the origins of the Notario Publico?

The root of "notary" is from the Latin "notarius" for clerk and can be traced back to the time of Cicero.  Cicero was often longwinded and his secretary, M. Tullius Tiro, was said to have invented a new form of shorthand.  This shorthand, named after his secretary, was called Notae Tironinae.  In the 13th Century, the Notary emerged as a Papal appointee.  These Roman appointees were given ecclesiastical jurisdiction.  Under the imprimatur of the church, the Notary was an official whose acts and records were revered and acknowledged internationally.

At the same time in England, a region geographically distant from the Roman seat of power, a unique system based on customary law, rather than Roman law, emerged.  Today’s Mexican Notario Publico is heir to the Roman system while the Arizona Notary Public is a descendant of its English cousin.

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When does real estate close in Mexico?

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Do we need a notary Publico in our transaction & Why?

No, but should you purchase real estate without one?  Once again that answer is no. Notary Publico's provide a very essential service in Mexico.  One example of have a Notario Publico can mean the difference is:  Capital gains taxes on real estate pass with the property.  It is the job of the Notario to calculate the taxes, collect them and pay them.  If you were to purchase property without their assistance, this may not get done properly and you will face to costs that your seller may not have paid.  Another example, a Notario authenticate the documents and clear title on a proprty.  These are just two of many necessary services provided by a Notario Publico, without their services, you are asking for trouble!

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Appraiser, Architects, Engineers & Surveyors Information
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Builders & Developers Information
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  1. How long does it take to build a house?
  2. What are the general construction costs?
  3. Are the builder's licensed or bonded?
  4. What is a manifest & why do I need one?
  5. Thinking about building, who is responsible for the employment taxes?.

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How long does it take to build a house?

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What are the general construction costs?

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Are the builder's licensed or bonded?

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What is a manifest & why do I need one?

Manifesting is the processes of recording your expenditures of your construction & remodeling, for the purposes of adding these expenses to your tax basis.  This is similar to the U.S., by raising your basis, you lower your capital gains upon selling thus lowering your taxes.  If you do not manifest your construction costs, Mexican tax law will not allow those expenses unless you have manifested your project. Cancelled checks, receipts and statements are not enough, thus proper handling of you construction is important.  Manifesting should begin before you start your construction project. The process of manifesting includes the recording and payments of social security taxes on the wages of the construction workers. These must be declared and paid, whether by you or your builder.

When your construction is complete, you will then need to proceed through a multitude of letters and requirements to complete your manifest.  See your builder, real estate agent & accountants to handle your process properly.

For more information about manifests (click here).

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Thinking about building, who is responsible for the employment taxes?

It all depends on how you contracted with your builder.  There are 2 different choices, these are:

If you have agreed to a cost of materials plus a percentage to the contractor.  You will need to keep very clear records in your manifest.  You are responsible for paying the social security on all workers on your property.  When you pay the contractor, you should receive in return a "Factura", stating your name & address and the amount of wages.  This amount should include a 10% sales taxes on wages called an IVA Tax.  You will need a factura in order to make the expense deductible.

The other approach of payment with your contractor is an all in one price or fixed bid.  In this form of payment, the price is all inclusive of wages, taxes, materials etc.  Each payment made to your contractor should come with a factura back.  These facturas will not reflect that tax, as the payment of taxes is now the burden of the builder.  These all in one price contracts puts much of the bookkeeping responsibility on the contractors and off you.

For more information about IVA & other taxes (click here).

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Lawyers Information
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  1. Who preforms apostilized
  2. What are the attributes with LLC?
  3. b
  4. What are the attributes with a Mexican Corporation?.

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What are the attributes with LLC?

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What are the attributes with a Mexican Corporation?

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Real Estate Sales Agents Information
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  1. Are agents licensed in Mexico?
  2. Do Agents have to take Continuing Education Requirements?
  3. Puerto Penasco Assocition of Real Estate Agents
  4. Does Rocky Point have a multiple listing service?.

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Are agents licensed in Mexico?

In general, Mexico has no formal licensing procedure. However, the State of Sonora has recently changed its position on licensing.  The State of Sonora has now required agents to take eductional classes and register and become licensed.  If you are to purchase or sell real estate in Sonora, you can check on their status.  The real estate process is different from that of the U.S.  It becomes important in the real estate transaction to use a professional, experienced and licensed agent.

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Do Agents have to take Continuing Education Requirements?

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Puerto Penasco Assocition of Real Estate Agents

Asociacion Mexicana de Profesionales Inmobiliarios is the Mexican Association of Real Estate professionals formed in 1956 and is affiliated with the National Association of Realtors (USA) and the Canada Real Estate Association. AMPI works together with Federal, State and Municipal authorities, proposing new laws & admendments to existing laws & regulations.

AMPI members are dedicated to the highest level of ethics and professionalism. Each year AMPI members must sign a pledge agreeing to operate by the AMPI code of Ethics.

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Does Rocky Point have a multiple listing service?

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Construction Services Information
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  4. d.

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Homeowners Associations Information
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  1. Are all the Associations the same?
  2. What are the Laws Governing an Association?
  3. a
  4. b.

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Are all the Associations the same?

No! Associations are merely the rules, regulations and personalities of their membership. Some of the associations in Rocky Point are run by dictorships while others are run by the membership with the groups best interest in heart. We have encountered many where the powers to be (their Boards), run their association for their own best interest. We suggest that you investigate their policies and financial information as they can dictate your ability to build, assess annual dues etc. In many associations, there are few members who participate in its governing policies. As like in the U.S., you may have little control in their ruuning of the association and they may attempt to hold you to their dictates. As you can tell by our attitude, we have experienced several of these before. We suggest that you investigate your development prior to purchasing. Ask exisiting members about their experiences. We have found that many times these problems can destroy your enjoyment in your property. On the other hand, associations can also help maintain so consistency within a development. You should check on the soundness of their financial situation, as you maybe liable for their short comings as a new member. Remember that most of these associations are run by part-timers who have little or no experience in association management.

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What are the Laws Governing an Association?

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