Prudential Vallarta Blog

By Marilyn Newman

On time, on point and on the move:  that must have been the theme of this past week’s A.M.P.I. meeting held at the new development, Real Nuevo Vallarta, represented by Prudential Paradise Village office.

The Association meetings are held monthly and provide area realtors the opportunity to network and be informed of changes and issues relevant to their real estate markets.

This month’s agenda, presented by President Tere Kimball of Prudential Vallarta, provided information for up-coming courses and real estate seminars, as well as the A.M.P.I. National Conference to be held in Morelia on October 11^th-14^th.

Following a brief discussion period, Mr. Hector Gonzalez and his agents offered a brief over-view of Real Nuevo Vallarta and a tour of the development.

Carlos Lemmus and Hector Gonzalez

Alma Arredondo and Harriet Murray

Attendees

For more information on A.M.P.I  Riviera Nayarita, contact Elena at El Grupo de Bienes Raices (329) 298.1212 or for A.M.P.I Vallarta, Vanessa at 044.322.135.7421

By Marilyn Newman
Prudential Realty-Vallarta

As a seller, your No. 1 goal is to sell your property as quickly as possible at or near the listing price. In today’s market, where there is much more competition for buyers, it is important to put your best foot, or in this case, home forward because first impressions are vital.

Many of today’s prospective buyers are looking for properties that don’t require a lot of work. Therefore, a property in move-in condition is much more attractive. Before placing it on the market, you may want to invest in making needed repairs.

To get started, make an inspection inside and out. Take inventory of practical and aesthetic repairs. You may want to apply a fresh coat of paint on the walls, doors and cabinetry.  Tighten and polish hardware. Repair cracks in walls. Clean or re-grout kitchen and bathrooms. Repair dripping faucets and drains or plumbing fixtures that aren’t operating.    These are just a few of the details buyers will notice and could make the difference in making an offer.

Some experts also recommend hiring a home inspector to thoroughly and impartially evaluate the property. (For a list of inspectors in your area, ask your real estate professional for recommendations.) A standard report will review the condition of the home’s air conditioning, plumbing and electrical systems, the roof, walls, ceilings, floors, windows and doors.  If there are recommendations for improvement, consult with your real estate professional in prioritizing the list of repairs.

Depending on your goals and budget, you may want to repair only items that could cause significant deterioration to the property, such as a leak. In addition, your local market conditions may dictate how extensive your repairs need to be. Let your budget and your real estate professional guide you.

However, be careful about major repairs. Sellers rarely recoup money on major remodeling projects, and you may want to save funds for your new home. 

A home in good condition demonstrates pride of ownership. Taking the time to make small repairs can go a long way in making sure that your property is presented to potential buyers in its best possible light. They also just might make the sale.

Marilyn Newman is a real estate consultant with Prudential California Realty-Vallarta Division. She can be reached by e-mail at marilyn.newman@prurealtypv.com

More than 60 real estate professionals attended the five hour seminar which was given by attorney David Connell and his fiscal expert Gabriela Rojas, both of Connell & Associates, this past 24th of February at the Hotel Westin Regina Spa & Resort hotel in Marina Vallarta. The event was hosted by the three A.M.P.I. (Mexican Association of Professional Realtors) chapters; Vallarta, Riviera-Nayarita and Compostela.

The topic of the course was all of the applicable real estate taxes involving sales & rental transactions. Various tax scenarios for foreign property owners were discussed at the course, including information regarding partial and full exemption from capital gains tax, which is determined by the Notario handling the transaction. Property owners would be encouraged to consult with a professional to determine their personal tax liability and whether they could qualify for any type of exemption.

The course was only one in a series of planned courses to be sponsored by the three A.M.P.I. chapters throughout the year for the area’s real estate professionals.

This course will count for five hours for those who attended. A minimum of 25 hours will be required at the end of the year for all members and affiliates to be able to renew their association with AMPI.

Ongoing mandatory education is essential for the real estate community¨ say the three Presidents, Tere Kimball AMPI Riviera – Nayarita, David Pullen AMPI Puerto Vallarta and Juan José Martínez AMPI Compostela. “We must be aware of our current tax laws and how they affect our clients”.

If you require more information about AMPI, please contact Elena Andrade at:
Telephone: (329) 298.-1212.
Monday, Wednesday and Friday.
From: 1pm – 4pm Jalisco.

Visits by appointment only

Communication by E-mail any time: elena@move2mexico.com

Carmen Garcia, David Connell, Tere Kimball, Saul Groman

David Pullen, Tere Kimball, Saul Groman

Sarah Elonghorn, Ariel Ochoa, Carmen Garcia, Joel Lucano, Saul Groman