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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Advantages of living or investing in Patzcuaro

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Patzcuaro is a Magic Town, but not only that, it is the most visited Magic Town in Michoacan. “Noche de Muertos” being the most visited time of the year, however, other dates of the year have increased its tourism enormously. In December 2019 alone, there were around 850,000 visitors, which was 100% more than the previous year. It is a city with 486 years of history. Vasco de Quiroga lived here, thanks to whom the state had a great development in education, health, commerce and quality of life in general.…

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“Liliana guided me with honest and clear instructions…”

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“Liliana Gonzalez Castro represented me as my lawyer and also my Real Estate Agent.  I am an American and our Mexican home was in my deceased husband’s name.  Liliana was a very stable advisor concerning getting me through the Mexican courts to change the property over to my name. Through her excellent guidance I was able to obtain all the paperwork required from the United States, going through three different states to acquire the apostilled (Mexican notarization) documents.  Liliana guided me with honest and clear instructions through this process to…

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