Real estate buyer confidence makes a big leap forward in Mexico and professionalism takes center stage for many realtors during 2016. This means buyers will be able to become new property owners without hassles or hesitation.
AMPI, the Mexican Association of Real Estate Professionals, continues to push for real estate license requirements. The board wants to be sure that everyone selling real estate meets their business standards. Mexico has had almost no regulations on who can act as a real estate agent. Now AMPI is taking their profession to the next level because foreign buyers expect it.
“You have to remain vigilant when dealing with various property agents,” says Edward Padalinski, Broker and Estate Agent with Ron Morgan Properties in Puerto Vallarta and Bucerias, Mexico, and AMPI officer, “I review all local listings for MLS (Multiple Listing Service) to make sure agents are complying with AMPI rules and regulations.”
Edward serves as part of the MLS Service Committee. He is always evaluating properties and checking to make sure things like tax identification numbers are current and that nothing gets put into MLS without the proper paperwork. “This type of oversight is a great thing for the industry,” says Edward, “It gives buyers assurance in a very competitive market. AMPI also provides training for its members, so there’s a great system of checks and balances.” Edward also teach the computer software, FLEX, classes.
Although the government has been slow to respond with real estate licensing requirements, AMPI has taken a leading role by offering courses and certificates, and even collaborating with government agencies to offer a professional university degree in Mexico real estate. The AMPI board has been pushing for real estate license requirements in all states and may be well on the way to getting at least half the Mexican states to comply during 2016.
Mexico has long been overlooked as a retirement haven, but with proper promotion and integrity many will find that they can retire in luxury without spending a fortune. Over the past decade the number of buyers new to Mexican real estate and Mexico as a retirement destination, has been increasing drastically. There are about one million retirees from the US living in Mexico full or part time.
For real estate buyers, this points to a greater degree of confidence in the Mexico real estate system. By providing international standards of professionalism and service, it means that it will be easier for buyers to find the leading professionals to represent them. Buyers from the USA, Canada and Europe should look forward to making plans to retire, buy a vacation or a rental property in Mexico safely.