Categoría: Puerto Vallarta Real Estate

Isla Marietas Paraíso de Nayarit

Beginning in the mid ‘80’s in Puerto Vallarta, we began fishing trips on pangas, which are open boats and dot the shoreline up and down the shores of Puerto Vallarta. Floating around offshore, lines trailing in the water, cooler full of ice water and cold beer, it was a beyond doubt paraíso… heaven. To the north of Puerto Vallarta and about an hour’s ride on the panga going at a good clip, we would come to the Isla Marietas. Fishing there was great but we were very conscious of the perimeter and kept an adequate distance. We asked our skipper why we didn’t get closer and was there any way to disembark on this island. He vehemently shook his head and explained Las Marietas were a designated a UNESCO Reserve. There was no denying his pride in this appointment as he went on to expound on the variety of flora and fauna; the abundance of rare sea birds and how this was their romantic nest for breeding and raising their young. It would not just be illegal but extremely disrespectful to breach the beach.

Imagine my surprise when, some years later at a local seafood café, I listened spellbound to a table of tourists describe an adventure to a hidden cove of extraordinary splendor and beauty, abundant with colorful fish, blue-footed boobies and giant tortoises. Leaning into their conversation, I politely inquired the location of this secret destination. Sadly, I was unable to hide my dismay.

Advertising for the Marietas goes something like this: [This group of islands is one of the most bio-diverse sanctuaries in Mexico, which makes them a natural beauty you have to see.] [ Enjoy the tranquility offered by this beach…] [ surprised by the diversity of species] [ you won’t believe what you are about to see.]

In other words, you are about to embark upon a journey of invasion, trespassing on Mother Nature and the destruction of a once thriving coral reef, for the sake of some photos that will linger for awhile as screensavers.

At one time, we considered seeing the preserve with our own eyes but after considerable research into the trip, realizing vigorous swimming was involved, with waves being perfectly timed and lifejackets mandatory for even the strongest swimmers, we decided to snorkel at Los Arcos for the day instead. Los Arcos, minutes from the beach at Mismaloya, south of Puerto Vallarta, is accessible, convenient and much less hazardous both to the fish and casual onlookers.

As of late, it seems the National Commission of Natural Protected Areas (CONANP) has come to their senses and the beach at Las Marietas will be closed, indefinitely, as of May 9, 2016. A study by the marine biology department at the University of Guadalajara has revealed extensive damage to this incredible ecosystem and an amazing amount of garbage, certainly not attributed to the natural inhabitants.

With so many wonderful sites to see and experience in Puerto Vallarta, we are in complete agreement with this governing conclusion and shocked at those who insist on making one final trip.

Que es cómo es.

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Timothy Real Estate Group is a locally-owned and operated real estate brokerage with a strategic location in the Romantic Zone of Puerto Vallarta in the Colonia Emiliano Zapata. Because the Puerto Vallarta area has varying neighborhood personalities, we practice localized real estate. We believe neighborhood knowledge is a top factor in solid sales, and we know our communities well.

We enable our clients to realize their vision for the future.  We understand and plan for their concerns and are dedicated to transforming those concerns to peace of mind and joy.

Our philosophy of transparency, integrity, and professionalism imbues our culture with a tangible sense of purpose and results in the length and depth of the quality relationships we enjoy.  We believe buying or selling a home is first and foremost about people. Of course we have the latest technology, marketing tools, statistics and research, but a successful real estate transaction really comes down to people. Connecting the right buyers to sellers or investors our professional agents structure solid transactions with successful solid outcomes.  We believe in collaboration by connecting people in ways that bring satisfaction and success.

When you combine extensive local knowledge and our long standing reputation for honesty and sound judgment, you have an unbeatable resource at your disposal.  You have Timothy Real Estate Group, a constant leader in Puerto Vallarta real estate.

To say that Mexico is a country rich with tradition is clichéd nearly as much as some of the traditions themselves. Years ago, upon visiting a Mexican home during the Christmas holidays, we were shown a room that had been completely devoted to the nacimiento, known to us as the nativity. Mind you, this was not a large home and the use of one single room was proof of the sacrifice being made. The Christmas tree stood in a corner and spread over the floor, which was strewn with hay, were clay sheep, cows, a donkey, shepherds, surrounding a stooped Joseph and a sleepy Mary, peering into an empty, roughhewn cradle. Missing was the baby Jesus, which would be placed there on Christmas Eve. To navigate in this room, one had to be very careful and step gingerly. Rare is the home in Mexico that does not display a treasured nacimiento and in some cases, several dioramas might be exhibited around the home. Traditionally, the Wise Men won’t even be added until the end of the celebrations, which occur on January 6, Three Kings Day; Epiphany.

In Puerto Vallarta, Christmas begins on December 1 and is observed until January 6. The Days of Our Lady of Guadalupe are honored for the first twelve days with daily parades that lead to the cathedral. The 12th is a day of special foods, fireworks, massive people in the streets and fiestas. The peregrinations that lead to the church go all through the night from the evening before and there is no end to the festivities. From the 16th until the 24th, the Posadas take place. In Puerto Vallarta, this will include businesses giving parties for their staff and in many cases inviting whole families. Traditionally this is a time for neighbors to get together; honoring the Holy Family is their search for an inn where the Christ child will be born. Piñatas are common at these parties and normally the shape of a seven-pointed star, representing the 7 Deadly Sins, to be bashed and mutilated, only to produce sweets and treats for the children. Christmas Eve, Noche Buena, the final posada, is a huge event, with dinner, mass at the church, more fireworks and gift giving.

On December 28, Mexicans observes their version of April Fool’s Day. It’s a day of silliness and pranks, symbolizing King Herod’s order to kill all the babies in his vengeance of the allegedly Savior child. Day of the Innocent Saints.

After New Year’s Eve, the parties continue until the Three Kings arrive, late and laden with more gifts, often a lot of candy and perhaps another piñata. Rosca de Reyes, a cake with a hidden plastic baby, is eaten on this day and whoever crunches into those little arms and legs will be

responsible for another party on February 2, Candelaria, for hosting the final party of the season. Then it’s time to get ready for Easter.

Que es cómo es.

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Timothy Real Estate Group is a locally-owned and operated real estate brokerage with a strategic location in the Romantic Zone of Puerto Vallarta in the Colonia Emiliano Zapata. Because the Puerto Vallarta area has varying neighborhood personalities, we practice localized real estate. We believe neighborhood knowledge is a top factor in solid sales, and we know our communities well.

We enable our clients to realize their vision for the future.  We understand and plan for their concerns and are dedicated to transforming those concerns to peace of mind and joy.

Our philosophy of transparency, integrity, and professionalism imbues our culture with a tangible sense of purpose and results in the length and depth of the quality relationships we enjoy.  We believe buying or selling a home is first and foremost about people. Of course we have the latest technology, marketing tools, statistics and research, but a successful real estate transaction really comes down to people. Connecting the right buyers to sellers or investors our professional agents structure solid transactions with successful solid outcomes.  We believe in collaboration by connecting people in ways that bring satisfaction and success.

When you combine extensive local knowledge and our long standing reputation for honesty and sound judgment, you have an unbeatable resource at your disposal.  You have Timothy Real Estate Group, a constant leader in Puerto Vallarta real estate.

Yucalandia just published an article regarding the changes in Mexican tax laws affecting foreigners for 2014, which we thought might be useful:

Here’s a summary of the changes in Mexican tax laws affecting foreigners for 2014. This report comes from Lic. Spencer McMullen, a fine attorney in Jalisco, who specializes in legal issues affecting expats. You can contact Lic. McMullen at Chapala Law.

On 11/29/2013 Lic. McMullen reported:
”Very extensive reforms have been made to Mexico’s tax laws and have been finalized in November, 2013. These become effective on January 1, 2014, which does not give people or businesses a lot of time to prepare. This short lead time may cause problems for some people. First, all the appointment times at our local SAT offices in Jalisco (SAT = Mexico’s tax department) are filled for quite a while, and second, some of the changes affect banks and businesses quite a bit. I think it’s going to be a messy transition as many will be unable to comply in time with only 2 weeks left until the government goes on vacation and returns January 2nd when the new laws take effect and even then there may be delays of weeks for people to be able to get appointments at the tax office to set themselves up or make changes.

There are new IVA sales taxes

It’s now going be 16% nationally (whereas it’s been about 11% in the border areas), and it will include taxes on soda, chewing gum, and pet food throughout Mexico. Those weren’t included in the past. So, people with pets should stock up at Costco before the new year. Dog shelters will be especially hard hit. For people driving back from up north after Christmas, or coming back from nationalizing their vehicles at the border, they’ll want to fill up their tanks near the border, where the gas tax will still be 11% until the end of the year.

Will anything change at customs (Aduana)?

Yes, temporary importation of certain goods will also start being taxed. That could open the door in the future for a tax on the temporary importation of vehicles. Not yet, though.

The mandatory use of customs agents for any value of goods to be imported has been eliminated. The use of an agent will be optional, which is a good thing because they’ll have to be more competitive in terms of rates and the quality of their service.

Also, customs is going to be checking the value of imported goods more closely and communicating with the countries where merchandise is leaving, to check declared values. People may be more likely to get caught if their car nationalization pedimento say the car is worth just $10,000 pesos, while it clearly is worth much more.

What about new banking regulations?

Starting in 2007, there had been a tax on large cash deposits: 2% on the amounts of deposits exceeding $15,000 pesos, which was increased in 2010 to 3% on amounts exceeding $15,000 pesos.

Those taxes have now been eliminated.
But… banks are now required to report to SAT any deposits over $15,000 pesos, and any payment of credit card debt of $20,000 pesos made at a time. SAT may also audit you and compare your credit card expenditures to your declared income. They can then contact you to explain these transactions within a certain time frame. If you don’t respond within that time frame (say, 20 days), they could establish liens and levies. And, of course, you wouldn’t respond if the address they have for you is old.

All of this means that it is very important for people to make sure their bank has up-to-date home addresses and email addresses. This is especially true for snowbirds. It also means that snowbirds will need to check their email frequently while they’re out of Mexico.

Also, banks will require people to have an RFC (tax ID number) in order to open a bank account. They have enabled the ability to get an RFC number online, but people first need a CURP number which has to be processed through immigration (INM). (Editor’s note: If you already have Residente Temporal or Residente Permanente, you have been issued a CURP number.) With offices closing for several weeks for the holidays, people may have problems in getting CURPs in January and may have to wait until February to open the account.

Anything new for businesses?

Yes, the current process for small business reporting (REPECO) will be eliminated. Currently, small businesses report their gross earnings every two months. For January, that will still be the case in order to report earnings for the November – December months. After that, there will be more paperwork. The process will come through the regular tax system. This means that earnings will need to be reported, and so will deductions, and facturas (invoices) – just like big businesses do today.

As before, the tax rates continue to fall between 2% and 35%. Note that there will be more paperwork, requiring a greater mastery of Spanish. My office will help people by getting them set up and familiar with the new system.

Another change is the elimination of the business IETU tax (single-rate flat tax started in 2007). Non-profits will start being required to be authorized by the SAT to receive donations, which would allow them to continue preferential tax treatment. That’s obviously going to be critical for them. They should probably start that process immediately, and try to get their major contributors to donate before January 1st.

New Electronic Factura Requirements:

The most controversial of the new business regulations is probably the requirement for electronic facturas and the elimination of paper facturas. The new rules also require giving all employees online facturas (CFDI) rather than paper facturas when they get paid, in order to be able to deduct their wages. That system may not be ready by January 1st, by either the SAT or the businesses, so that’s going to create a lot of problems.

What about tax changes for investors and real estate owners?

Mexico has caught up to many other countries and will tax capital gains on the sale of stock at a rate of 10% as well as tax dividends at the same rate of 10%.

For real estate sales there will be a maximum capital gains tax exemption pegged using the UDI index (investment units) with a new limit of 700,000, which equates to about $3,500,000 pesos, so any gains over that amount from a sale will be taxed. The prior limit was 1,500,000 UDIs with that exemption waived if one could prove they lived in the home for the preceding 5 year period.

That’s a lot of changes. There are more… (The changes listed above) are just the ones that I think will affect expats the most. SAT is also firming up the tax code in other ways. They did some research to determine where and why they lost tax court cases in the past, and have now plugged some of the advantages taxpayers had in court. I’ll know more the 1st week of December, so I can give you an update after I go to another 5 hour tax update class.”

 

As years go on in our residency of Puerto Vallarta, we’ve found it amazing how many people speak English; the waiters, the ladies at the lavanderia, bartenders, the veterinarian we take the pup to see for his yearly exam. Even some of the taxi and bus drivers. It is an honor to live in a country where the locals have made it their business to learn our language so as to better serve us. In turn, we have worked hard to learn how to say some of the more difficult pronunciations, out of respect. Even when we badly garble the Spanish and Nahuatl, we feel like we’ve at least tried and found locals cheerful and accepting of our solemn attempts. Nahuatl is a local tongue, spoken by many indigenous people, many of whom don’t speak Spanish.

It causes us to chuckle sometimes but also feel a certain amount of frustration when visitors, as well as long time residents in Puerto Vallarta, abbreviate some of the simplest pronunciations. Basilio Badillo is a main street in Puerto Vallarta. Located on this street are entertainment venues, fine dining and taco stands, destination shopping and street vendors, and the path to the tunnels that lead out of town. As of late, we have heard it being referred to as BB Street. Basilio Badillo is not difficult to wrap ones teeth around. The two L’s make a Y and the rest of it is completely phonetic, just like the Spanish alphabet.

Pitillal is not PTL, though surely anyone would know what you’re talking about when you refer to it as such. PTL is Praise The Lord and though there is a large church in the middle of town, there is no relation to any ministries or Pushing The Limit, another meaning for this acronym. We’ve also heard it pronounced Pity-L. The correct way to say the name of this quaint little suburb of Puerto Vallarta is Pee-Tee-Yall.

Harder to pronounce perhaps is La Cruz de Huanacaxtle, the name of anther town about 25 Km north of Puerto Vallarta. It’s perfectly acceptable to simply say La Cruz (The Cross) but it’s nice to know that Huanacaxtle is a type of wood found in the area, of which a cross is erected at the entrance of the village.

Cuates y Cuetes, often called CYC or C-and-C, is a favorite watering-hole at the beach, next to the pier and can be easily pronounced. If one gets a handle of the Spanish alphabet, the realization that the language is amazingly phonetic, compared to English and doesn’t contain a lot of there/they’re/there types of conundrums. Cuates y Cuetes is Coo-wátt-es E Coo-wét-us, accent in the middle. Simply Cuates is considered entirely appropriate.

PV is probably the most annoying for locals. To them it’s a sign of gringos who are always in such a hurry they can’t even take the time to pronounce the name of the town, Puerto Vallarta.

Que es cómo es.

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Timothy Real Estate Group is a locally-owned and operated real estate brokerage with a strategic location in the Romantic Zone of Puerto Vallarta in the Colonia Emiliano Zapata. Because the Puerto Vallarta area has varying neighborhood personalities, we practice localized real estate. We believe neighborhood knowledge is a top factor in solid sales, and we know our communities well.

We enable our clients to realize their vision for the future.  We understand and plan for their concerns and are dedicated to transforming those concerns to peace of mind and joy.

Our philosophy of transparency, integrity, and professionalism imbues our culture with a tangible sense of purpose and results in the length and depth of the quality relationships we enjoy.  We believe buying or selling a home is first and foremost about people. Of course we have the latest technology, marketing tools, statistics and research, but a successful real estate transaction really comes down to people. Connecting the right buyers to sellers or investors our professional agents structure solid transactions with successful solid outcomes.  We believe in collaboration by connecting people in ways that bring satisfaction and success.

When you combine extensive local knowledge and our long standing reputation for honesty and sound judgment, you have an unbeatable resource at your disposal.  You have Timothy Real Estate Group, a constant leader in Puerto Vallarta real estate.

Hungry September

In Puerto Vallarta, September is known as SeptiHambre…“Hungry September.”

September finds many businesses in Puerto Vallarta closed for the entire month. Owners traditionally leave Puerto Vallarta to vacation elsewhere and usually don’t return until October, taking the first week of that month to make repairs, paint and lay in supplies. This means their employees are often jobless during this period of time. Though they must be paid a minimum weekly wage, if they depend on tips they will be stretching their pesos in creative ways, since this extra money is a huge part of their income.

September is also a low time for foreigners to visit and businesses that do stay open need the support of expats and everyone else. Most will be preparing for the one big event that occurs in Puerto Vallarta in September. Independence Day, September 16th, will attract a lot of national tourists, eager to celebrate. They camp on the beach, bring their own food and drink, and party with seriousness. This year Independence Day lands on a Friday so the revelry will begin on Wednesday, which will make for one of the longest puentes of the year.

On September 14th you will want to be on the Malecón for the time-honored charro parade, with colorful costumes and marvelous horses, also dressed for this special day. September 15th we will be in the Plaza de Armas (main plaza in front of the Cathedral) in the evening for el Grito, which is the main event. In attendance will be His Honor, the Mayor; local celebrities; and dignitaries. They will do a semi-reenactment of the night that began Mexico’s lengthy struggle for independence. A cake is always presented and shared with the entire community, until it lasts. This is followed by a typically elaborate fireworks show and there will be live music late in to the night. It’s a good time to get out and support the town, show off your latest revolutionary costumes and practice your language skills.

Tip generously and make this a time to eat out at restaurants and cafés that are open; do some early holiday shopping. You can make a difference!

Que es cómo es.

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Timothy Real Estate Group is a locally-owned and operated real estate brokerage with a strategic location in the Romantic Zone of Puerto Vallarta in the Colonia Emiliano Zapata. Because the Puerto Vallarta area has varying neighborhood personalities, we practice localized real estate. We believe neighborhood knowledge is a top factor in solid sales, and we know our communities well.

We enable our clients to realize their vision for the future.  We understand and plan for their concerns and are dedicated to transforming those concerns to peace of mind and joy.

Our philosophy of transparency, integrity, and professionalism imbues our culture with a tangible sense of purpose and results in the length and depth of the quality relationships we enjoy.  We believe buying or selling a home is first and foremost about people. Of course we have the latest technology, marketing tools, statistics and research, but a successful real estate transaction really comes down to people. Connecting the right buyers to sellers or investors our professional agents structure solid transactions with successful solid outcomes.  We believe in collaboration by connecting people in ways that bring satisfaction and success.

When you combine extensive local knowledge and our long standing reputation for honesty and sound judgment, you have an unbeatable resource at your disposal.  You have Timothy Real Estate Group, a constant leader in Puerto Vallarta real estate.

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Birds of Puerto Vallarta

Some of our regular habitants have flown back north for the next few months. Humans have also left but it’s the birds we’ll miss the most! We love the birds of Puerto Vallarta. Many of them winter here, just as we do and then leave for a few months to find warmer climes.

One species that not only doesn’t leave the area, they also lives here year round; we have a special fondness for this noisy feathered friend, the chachalaca. They are found only on the Pacific slope of Western Mexico and you will see them from Jalisco to Chiapas. Though they are often mistaken for a turkey, they are related to the guans and curassows. This member of the Cracid family makes a lot of noise and is easily discovered by birdwatchers, but his raucous nature also makes him vulnerable to poachers. The chachalaca travels in groups, as many as a dozen at a time; they congregate in trees and are seldom seen on the ground. The brusque, throaty, cadenced vocalization is the chachalaca you are hearing in the jungle  of Puerto Vallarta.

The hummingbirds are who we will miss. Our research tells us that there are millions of species of hummers around the world and we aren’t surprised by that. These magical little creatures come in different sizes, tiny to wren sized; colors, drab to brilliant; varied chatter from squeaking to lively twitter. The bright orange Rufus is beginning to make their journey north at this time. We always look forward to their return in mid to late summer, when they fly non-stop, without resting and are voraciously hungry upon their return to Puerto Vallarta. We always make sure our feeders are filled and refilled during this time. You can recognize the popular Rufus by the white ring around their neck.

Flocks of green parakeets got our attention on our first visit to Puerto Vallarta and we have enjoyed them daily over the years. Their chattering character adds delight to any afternoon as they dart around in flocks as large as a hundred or more. Hummingbirds roost after dark in fruit trees and often have an afternoon siesta perching together, gossiping in shrubs and gardens. We have witnessed them flying like starlings in a murmuration, swooping and diving, in large open spaces. They are primarily seen in Mexico from Sinaloa all the way south to Honduras, and Nicaragua. We’re lucky to hav犀利士
e them here in Puerto Vallarta.

There are several sites to find out about bird watching in Mexico and we recommend www.birdinginmexico.com for valuable information pertaining to Puerto Vallarta.

Que es cómo es.

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Timothy Real Estate Group is a locally-owned and operated real estate brokerage with a strategic location in the Romantic Zone of Puerto Vallarta in the Colonia Emiliano Zapata. Because the Puerto Vallarta area has varying neighborhood personalities, we practice localized real estate. We believe neighborhood knowledge is a top factor in solid sales, and we know our communities well.

We enable our clients to realize their vision for the future.  We understand and plan for their concerns and are dedicated to transforming those concerns to peace of mind and joy.

Our philosophy of transparency, integrity, and professionalism imbues our culture with a tangible sense of purpose and results in the length and depth of the quality relationships we enjoy.  We believe buying or selling a home is first and foremost about people. Of course we have the latest technology, marketing tools, statistics and research, but a successful real estate transaction really comes down to people. Connecting the right buyers to sellers or investors our professional agents structure solid transactions with successful solid outcomes.  We believe in collaboration by connecting people in ways that bring satisfaction and success.

When you combine extensive local knowledge and our long standing reputation for honesty and sound judgment, you have an unbeatable resource at your disposal.  You have Timothy Real Estate Group, a constant leader in Puerto Vallarta real estate.

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