Memorial Day Weekend 2012 in Rocky Point, Mexico
Book your rental now for Memorial Day in Rocky Point, Puerto Penasco, Mexico. Sandy Beach in Rocky Point is seventy percent booked. We expect to have 100% reservations, so reserve your luxury ocean front condo in Puerto Penasco, Mexico now. Call Kyle Wood at 480-297-8079 or email at kylewood22@yahoo.com.
We also have seen a lot of sales in the past 2 months, our inventory is down, average sales price is up and average days on the market of luxury ocean front condos has decreased. Seller are still willing to negotiate, but time is running out. Get in on the great deals now. You will wish you had.
Kyle Wood
Realty Executives Rocky Point
480-297-8079
RockyPointKyle
Ever wondered where the resorts are located in Rocky Point, Mexico. On Sandy Beach just northwest of Rocky Point, are located some of the most beautiful Resorts in Mexico. See the photo below for all the Rocky Point Resort Location. Resorts include Las Palomas, Sonoran Sun, Sonoran Sea, Sonoran Sky, Sonoran Spa, Bella Sirena, Princesa, Las Palmas, Esmerelda, Puerta Privada, and Casa Blanca.
Translated from the City Of Puerto Penasco, Mexico Press Release
The proposed Beach Post a month ago was presented by the University of Sonora, is a reality for all residents and visitors to Puerto Peñasco after yesterday opened "My Beach" which has as main objective to provide an environment totally familiar to citizens.In an environment full of entertainment, Mayor Alejandro Zepeda Munro with his wife Marcela Albelaiz Zepeda as well as officials and councilors came to spend some time in the company of their families and friends at this spa.
Public Works Director Fernando Curiel Navarro explained that "My Beach" is in an area of 20 hectares which already has palapas, sports areas, showers, restrooms and parking for about 400 cars, signs, security equipment and Protection for all tourists who come to this Easter.
He stressed that all this work is now a reality thanks to the effort that has been done in a coordinated manner so that people can enjoy this space is considered to be integrated with nature.
He invited the whole community to come and come and enjoy this beach, saying that the entire project will consist of pools, oasis of fountains, a commercial area and other services will be offered to everyone attending.
Ruben Salido Director of Civil Protection said that they are a team of paramedics, Yet Sky to safeguard the integrity of the swimmers, the invitation to the families respect the instructions to access the beach.
He thanked the team of Public Service, Zofemat, and people that make up the "Temporary Employment" by the hard work they have done in recent days for this place was fully activated in this holiday period.
He noted the effort made in a partnership with the State Government, Municipal and University of Sonora for vacationers and people who reside here can have fun and spend some time enjoying all that "My Beach" has for them.
Current Owner Financing Rates - LOW, LOW, LOW.
Recently closed on a luxury ocean view condo at Las Palomas Resort in Rocky Point, Puerto Penasco, Mexico.
Terms of the owner financing for a 130,000 dollar 2 bedroom ocean front condo
5% internest only
25% down
Monthly payments
1 year balloon
We have other Mexico financing packages available, call me for more details on financing your luxury homes purchase in Puerto Penasco, Mexico
Regards
Kyle Wood
Realty Executives Rocky Point
http://www.rockypointkyle.com
http://www.puertopenascoliving.com
480-297-8079
Condos in Rocky Point, Puerto Penasco, Mexico -
So you want to buy that special condo or vacation home in Rocky Point, Mexico? Foreigners can own property in Mexico. However, there are some things you, as a potential buyer, in Rocky Point, Puerto Penasco should be aware of when making that purchase in Rocky Point.
What is the Restricted Zone?
The Mexican Constitution of 1917 Article 27 specifically prohibits foreign ownership of property and land in the "Restricted Zone". What is the Restricted Zone? According the Article 27 of the Mexican Constitution the Restricted Zone is defined as property within 50 kilometers of ocean and water ways and 100 kilometers of any international border. Rocky Point is located in the Mexican Restricted Zone. I've included a map that illustrates the restricted zone of the northwest states of Mexico - Baja, Baja Sur, and the State of Sonora which includes Rocky Point, Puerto Penasco.
How Do Foreigners take Title in the Restricted Zone of Mexico?
So, how can visitors and tourists from other counties buy property in these restricted zone areas of Mexico And more importantly, how can Mexico attract badly need investment for development of these strategic centers of tourism while guaranteeing rights. In 1972 the Mexican Legislature came up with a brilliant idea to use a technique well known in the modern banking and investment world. Mexico adapted the idea of using a "Trust" to overcome the restrictions imposed by article 27 of the Mexican Constitution.
The Mexican Bank Trust
The Idea of using a "Trust" to assign rights to individuals is nothing new to the modern banking world. As it relates to the purchase of Mexican Property in the restriction zone, the use of the Bank Trust is quite common. A Mexican Approved Bank is appointed at the Trustee that manages the Trust for the benefit for the beneficiary - purchaser - as detailed in the trust document. The Bank is also appointed the legal owner of the property under the Mexican constitution. Essentially the "Mexican Bank Trust" authorizes the transfer of rights for the use, sale, generate income, purchase and to modify the property to a beneficiary. The Bank, a Mexican Corporation, has legal authority to hold title to the property and transfers the rights of that property to the beneficiary of the trust.
The Bank Trust is a publicly register document with the local public registry. The Public Registry is similar to the county recorders office in the state of Arizona. The recording of the trust document in the public registry legalizes and gives public notice to the assignment of rights to beneficiary - the buyer - and indicates that the Trustor - seller -has transferred the rights of the real property.
There are three parts to a trust:
The Trustee - Mexican Bank
The Trustor - the Seller
The Beneficiary - the Buyer
To be considered official, the Trust Document must be officially notarized in front of a government approved Notario - a Mexican attorney given responsibility by the Mexican government to approve legal public documents. These documents (Trust or any other documents that need to be record) are then recorded in the Local Pubic registry.
Regards
Kyle Wood - Realty Executives Rocky Point
480-297-8079
http://www.puertopenascoliving.com
http://www.rockypointkyle.com
http://www.rockypointluxurycondos.com
Event Calendar for Rocky Point, Mexico
Do we have an exciting 2012 year planned for you. Come to Rocky Point has worked hard to put together an exciting year of activities in the ocean front resort town of Puerto Penasco, Mexico. Come join us at these exciting events in Rocky Point, Mexico
Rocky Point 2012 Event Calendar
Feb 1 - Feb 12 - Celebration of Love at Las Palomas Golf Resort - See all your favorite Romance Movies
Feb 9 - Plenaory Session of the Arizona/Mexico Commission
Feb 10th - Valentines Day Packages available at Las Palomas Golf Resort
Feb 11th - Taste of Penasco 5th Annual Iron Chef Competition
Feb 14th Celebration of Love in Puerto Penasco - Valentines Day!
Feb 17th Carnavel Viva la Fesita
Feb 24th 4th Annual Pride Party at del Sol Hotel
Feb 25th Munvo at Changos Bar
March 4th 3rd Annual Grand Car Show
March 9th Spring Break Party
March 17th St. Patrick's Day Penasco Palooza Music Festival
March 18th Spring Break Beach Party at Changos Bar
March 22nd Spring Break Party at Hotel Penasco Del Sol
March 31st 2012 Las Palomas Triathlon
April 28th Funkalicious Valleyball @ Las Palomas
Regards
Kyle J. Wood Realtor Realty Executives Rocky Point, 480-297-8079 http://www.rockypointkyle.com
Home Financing in Mexico - Is lending available?
Home financing in Mexico is hard to come by these days. Rarely is financing that dream ocean front condo an option for those buyers looking to invest in the Mexico Real Estate Market. In the heady days of the real estate boom, in the United States, Mexico and Canada, lenders stepped up to the plate and took a risk in emerging markets and substandard borrowers. This risk taking in no more. Lenders once fueling the real estate boom in Mexico have pulled out. The last of them was BBVA Compass at the end of 2011. So what is a US or Canadian buyer of Luxury Mexico Beach Front property to do.
According to Doug Jones, the Mortgages in Mexico broker, there are several options still available to buyers of Mexican property. Owner Carry Back Financing has assumed the role of lender for American and Canadian buyers. Owner Carry back is popular for a number of reasons, not to mention one of the few lending option out there. Buyers seeking owner carry back are not subject to the mounds of paperwork required by traditional lenders. All that is required is a written agreement between the Seller and Buyer honoring the terms of the contract. A seller carry back agreement includes a promissory note where by both parties agree to a required deposit by the buyer, an agreed upon interest rate paid on the outstanding principle, the duration of the note, and a balloon payment at the end of the duration.
Another option for Mexico Real Estate buyers looking for financing is the traditional home equity loan. If you are lucky enough to be in a position of having positive equity on your real estate property in the United States, rates for home equity loan have never been lower. Take advantage of the current interest rate environment if you can afford the extra payment. Contact your local Mortgage broker to learn what real estate loan programs are currently being offered.
Doug has also been working on a Peso-Backed loan available to U.S. and Canadian Citizens. Although this loan program has yet to be implemented, it would go a long way in helping Americans buy Mexican property. Stay tuned for the details. We will write about the details as Doug announces them.
Lastly, there is good hard earned cash for purchasing that Mexican property. Have some savings in that bank account or retirement account? Then remember to ask your financial advisor about your real estate investment options before withdrawing your money.
Please call me with any additional questions about financing that Mexican Real Estate
Kyle J. Wood
Realty Executives Rocky Point
480-297-8079
www.rockypointkyle.com
www.puertopenascoliving.com
www.winterhomesinarizona.com
kylewood@realtyexecutives.com
After purchasing your ocean front condo or home from Kyle Wood in Rocky Point, Mexico, you're going to need to regularly maintain your condo to protect it from the ocean salt and fine sand. If you rent your condo to tourists, you'll need to pay Mexican Income tax and you'll need a Mexican FM3. Once the renters have vacated, you'll need a crew to clean your rocky point condo and get it ready for the next renters.
There are plenty of companies in Mexico that provide such services. One recommendation is ProServices of Rocky Point. ProService of Rocky point can help you obtain your Mexican FM3 work visa, Hacienda Number(IRS), Renewals of FM3, home inspections, and home maintenance - repairs and painting. They speak fluent English and are very diligent in getting the work done. Give ProServices Rocky Point Astrid Avila the owner of Pro Services Rocky Point at 011-52-1638-113-0446 or 480-463-9821 their email address is
proservices@proservicesrockypoint.com
Regards
Kyle J. Wood
Realtor
Realty Exexuctives Rocky Point
Puerto Penasco Living
Rocky Point Kyle Real Estate
Ocean Front and Sea View condos at Las Palomas Golf Resort in rocky Point Mexico. Never been a better time to buy ocean front property in Rocky Point Mexico at Las Paloms Cabrillo 1207.
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Looking of a luxury ocean view property in Rocky Point, Puerto Penasco Mexico. Owner has just reduced the price of this luxury condo with 2 baths, 2 bedrooms, granite counters, luxury wordworking and a wonderful view of the Sea of Cortez. Owner has just reduce the price to 188,000 with seller financing. Come get it before it's gone. Video a video tour of Bella Sirena B304 condo in Rocky Point Mexico
Looking for a great bar and grill with enough flat screen to watch the Superbowl. Check out Wrecked at the Reef on Sandy Beach in Puerto Penasco, Rocky Point, Mexico. Great food, great view, beach access. Try the cheese burgers, fish and shrimp tent, and of course the beer. Great job Randy (the Owner of the Reef). I understand he had a packed house for 2012 new year. Give it a try. For more photos of Wrecked at the Reef check out our Puerto Penasco Joe Business Fan Page
Cabrillo 1207 Las Palomas Rocky Point Mexico Condo for Sale Call Kyle Wood at Realty Executives Rocky Point for more information 480-297-8079 kylewood22 at yahoo.com
Click on our Puerto Penasco Living Youtube Channel to see Cabrillo 1207 Las Palomas in Rocky Point, Mexico http://youtu.be/V2_xmXV1yxw
Features include:
Ocean Views of the Sea of Cortez
The Best Beaches In Mexico
3 Bedroom 3 Bath
Wrap around patio
Granite Counter tops
Walk in Showers
Fully Furnished
Swim-Up Pool Bars
Rocky Point, Puerto Penasco, Mexico has felt it's 2nd earthquake in as many year. Today, Dec 23, 2011, the earthquake that rattled the resort town of Rocky Point, Mexico was center 40 mile south of Puerto Penasco in the Sea of Cortez. The 4.7 quake occurred at 5.32 am giving the Mexico Resort town a wake-up jolt. No injuries were report or damage to resort structures. This is the 2nd quake that has occurred in the last two year. Two year ago a large quake rocked Puerto Peansco which was center in the Yuma, Arizona area of the United State. Visitor's on the popular Sandy Beach felt the waves of the earthquake and witnessed the saying of the tall highrises which overlook the Sea of Cortez. For more information on the Rocky Point, Mexico quake visit the link below
http://earthquake.usgs.gov/earthquakes/dyfi/events/us/c0007bpa/us/index.html
Steph and I had a great time at Roger Clyne and the Peace Makers in Las Vegas. We recommend that next time Roger Clyne and the Peace Makers in in Rocky Point Puerto Penasco Mexico that you take time to see them in concern. Visit our Puerto Penasco Joe Facebook page for photos and video. Here's a video of the Roger Clyne concert at House of Blues in Las Vegas. Roger Clyne face book page https://www.facebook.com/photo.php?v=2374464490442
https://www.facebook.com/photo.php?v=2374464490442
Kyle Wood
Realty Executives Rocky Point
http://www.rockypointkyle.com
http://www.facebook.com/puertpenascojoe \
http://www.zazzle.com/puertopenascojoe*
Rocky Point Kyle Condos for Sale: Looking for a beautiful ocean front condo in Rocky Point Puerto Penasco Mexico. We have a great deal for you at Bella Sirena on Sandy Beach in Rocky Point Mexico. The sellers have reduced the price on this 2 bedroom 2 bath 1400 square foot condo $10,000 dollars to $188,000. This is a great buy as a luxury vacation home or investment rental in Puerto Penasco Mexico. This Rocky Point ocean front condo comes completely furnished with granite counter tops, brick domed ceiling, and beautiful views of the Sea of Cortez. See some of the photos below
