Friday, October 16, 2009

Benefits of Retiring in Mexico

In a recent interview with Thomas Lloyd (founder and president of TOPMexicoRealEstate.com, a website and a Network of real estate professionals "that specialize in guiding new buyers through the Mexican purchasing process"), the president of the Mexican Association of Real Estate Professionals (AMPI), Pedro Trueba, and president of AMPI Riviera Maya, Wilberth Gutierrez discussed the significance of AMPI for Mexico Real Estate and the advantages Mexico offers over other retirement destinations. Gutierrez likewise discusses the advantages offered by Playa del Carmen Real Estate, such as resistance to the depreciation that many other real estate markets are suffering due to the recession.

In the interview, Trueba and Gutierrez both drew attention to AMPI's efforts in improving education and professionalism in the field. AMPI has a code of ethics for its members, but also offers a number of courses, diplomas and educational programs.

"One of the principal activities of AMPI," said Gutierrez, "is to professionalize the members, the people, the real estate agents who are dedicated to this profession."

Trueba continued to give some details about a new real estate degree which has recently been implemented. He pointed that only the States of Sonora and Cohuila have license requirements and laws regulating the interaction between realtors and clients. But with the introduction of the new real estate degree, realtors who gain the degree will also be given a professional identification number ("cedula profesional") which is a special identification for highly trained professionals such as doctors and lawyers. While the degree and professional identification number are not yet required for practicing realtors, they provide another manner for property buyers to confirm the professionalism of agents.

"People who have the degree," points out Trueba, "have demonstrated their capacity in the field and are professionals" who have received thorough, formal training.

Thomas Lloyd, the interviewer, was one of the first real estate professionals to receive the new degree. This accomplishment by Lloyd reflects TOPMexicoRealEstate's commitment to both experience - "thousands of Property transactions & years of assignments in Mexico AT WORK" and to formal training and education in real estate.

Trueba also discussed the significance of the AMPI logo on display at a realtor's office. The key point for Trueba was "safety." A buyer can feel secure that a realtor who displays the logo will carry out real estate processes correctly and professionally.

Trueba also mentioned AMPI's agreement with the National Association of Realtors (NAR.) The connection shows that NAR has the same confidence in AMPI's members, and can lend further credibility to AMPI realtors for non-Mexican buyers.

Lloyd proceeded to ask about the advantages of retiring in Mexico, as opposed to popular U.S. destinations such as Florida and Arizona. Trueba focused on the warmth of the Mexican people, the proximity of Mexico to U.S. - with inexpensive, short flights to major cities - and the excellence of the infrastructure and healthcare that Mexico's retirement destinations offer. While these services are considerably cheaper than in U.S. destinations, the equipment is top of the line, and the service is highly professional.

Gutierrez emphasized the benefits of real estate in the Playa del Carmen area, referring to the area's natural beauty and the stability of real estate investments; real estate in the area has maintained its prices during the recession, in contrast to the U.S. real estate market which has taken a "brutal fall."

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