1937 square feet lot in downtown Patzcuaro

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Code: P655 Front: 9 meters (29.52 ft) Deep: 20 meters (65.61 ft) Area: 180 sq meters (1937 sq ft) Gated community: controlled access Underground services: electricity, internet, etc. Location: downtown City: Pátzcuaro Price: $998,000.00 pesos This is a 1937 sq ft lot with underground services. It is located in a gated development with only 21 lots, coblestone streets and parking área for visitors. The main gate has automatic opener. It is located just 3 blocks to downtown Patzcuaro where you find Plaza Vasco de Quiroga (main plaza), shops, art galeries, restaurantes, teather, library, etc.…

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Ecological Cabin in 1.3 acres of land, 15 minutes from Patzcuaro

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Code: P639 Land: 1.3 acres (5200 m2) Cabin: 688 sq ft (64 m2) Well: artesian well Bathroom: earth closet Wall: Stone and barb wire Location: Rancho Chapultepec SOLD This is a 688 square feet, one level, Ecological cabin nestled on a flat land of about 1.3 acres. It is made out of wood and bricks with a wooden roof and traditional clay tiles. It has concrete floor, ironwork doors and Windows. The property has an earth closet (dry bathroom), an artesian well and it is surrounded by a stone fence…

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A Colonial Jewel in Downtown Patzcuaro

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Code: P653 Size: 438 m2 (4714 sq. ft.) Lot: 659 m2 (7093 sq. ft.) Main house: 2 Bed/2 Bath Casita: 1 Bed/1 Bath Courtyard: Quarry fountain Back garden: Lake view Laundry room: washer & dryer Covered garage Location: Downtown City: Patzcuaro SOLD   This is a one level, beautiful colonial style house and a two-level casita, both with wonderful views of Lake Patzcuaro. The whole property has 438 sq meters = 4714 sq. feet of livable space on a 659 sq meters = 7093 sq. feet lot. The main house…

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“We’ll be forever grateful to Liliana”

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“When Sebastian and I decided, as new permanent residents of Mexico, to sell our home in Santa Fe, New Mexico and make Pátzcuaro our new home, we faced the challenge of finding an experienced local real estate firm to help us achieve our goals. We knew from our preparatory reading about Mexican property law, and our own internet searches that this choice of realtors would be extremely important. Thankfully, through consistent recommendations from members of the Michoacán expat community, we found our way to the firm of Mexatua Bienes Raices,…

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Is the owner the real owner?

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By Liliana Gonzalez @mexatua In my almost 20 years as a real estate attorney and broker, I have found several issues in the owner´s deed that makes it difficult or impossible to close on a property, unless legal paperwork or procedures are done. When I list a property for sale, I review the deed and, if I see any issues, I immediately start working on fixing them. Same thing when buyers hire me to represent them in a FSBO or when the owners have their own agent. In some cases, the…

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What you should do if you have a property for rent or lease in México?

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By Liliana Gonzalez @mexatua If you own property in México and you need to rent it out, I have 7 suggestions to protect you in case something goes wrong (renters not paying rent on time, or not paying at all, causing damage to your property or building, fixing anything without your permission, causing problems to neighbors, you name it).Here are my suggestions: 1.- Have a good rental agreement in Spanish, prepared or reviewed by an attorney. If you are working with a real estate agent, make sure he/she is a lawyer or TSUCI…

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Taxes in a Real Estate Transaction in Mexico

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By Liliana Gonzalez @mexatua Four different taxes might apply in a real estate transaction in Mexico: ISAI, IVA, Acquisition ISR and ISR a) Acquisition tax.- Also known as ISAI. b) Value added tax. – Also known as IVA. c) Acquisition ISR tax.- This is a tax on the profits for acquisition d) ISR tax. – Also known as I.S.R. (Impuesto Sobre la Renta). The first three taxes, if apply, must be paid by buyer. The last one must be paid by seller. a) Acquisition tax.- ISAI (impuesto sobre adquisición de…

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Do you know what Catastro Price is?

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By Liliana Gonzalez @mexatua Catastro is the analytical inventory and recording of real property located in a certain area. Its aim is to keep a census with all quantitative and qualitative characteristics of real estate in the area. Catastro is handle by the state´s treasury office in every state in Mexico (called Tesorería). Catastro divide properties by areas and set values. These values are the basis to calculate yearly tax payment also known as predial payment. Catastro price equals the government price.  It updates values at any change of property:…

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Stylish 2-master bedrooms Home in Downtown Patzcuaro

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Code: P630 Construction: 234 m2 (2519 sq ft) Lot size: 380 m2 (4090 sq ft) Bedrooms: 2 master Bathrooms: 2.5 Fireplace: 2 modern gas fireplaces Patio: built-in gas BBQ & recirculating fountain/pond Terrace: Lake & city view Parking: 1 car Garden: Front and back Location: Downtown City: Pátzcuaro SOLD Live with all the comfort in this 2519 square feet class up house on a 4090 square feet lot in the Callejón del Sol private gated street located 2 blocks to Plaza Grande – Vasco de Quiroga and all restaurants, art…

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Honestly, I can see your professionalism and also the love you have for your clients

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“I am very grateful with Ms. Liliana Gonzalez and Mr. Heliodoro Leon, for helping me with the purchase of my house in Patzcuaro. I know that there are still some small pending issues, but I am sure that everything will be done well and in the agreed time. The truth is that you go above and beyond, as we say here: “you go the extra mile”. Honestly, I can see your professionalism and also the love you have for your clients, I know you get paid, but I can feel…

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