Q: With the experience and knowledge, you have of the real estate market in Puerto Vallarta, we would like you to tell our readers how to choose the right agency/agent to advise them on buying real estate in Puerto Vallarta:
A: When selecting a real estate agent for your foreign property investment, it is paramount to exercise due diligence to identify an agent who possesses a wealth of knowledge, extensive experience, and an exceptional reputation. In Mexico, an AMPI (Asociación Mexicana de Profesionales Inmobiliarios) agent in represents a real estate professional who is a member of the Mexican Association of Real Estate Professionals. The decision to engage an AMPI agent holds numerous advantages that extend beyond the surface.
Firstly, these agents strictly adhere to a well-defined code of ethics and professional standards, ensuring that their services are both reliable and trustworthy. Their in-depth understanding of the intricate details of the local real estate market, including legal regulations and transaction procedures, makes them indispensable guides during the buying process.
Furthermore, AMPI agents boast an extensive network of fellow professionals, ranging from lawyers and notaries to mortgage brokers, all of whom contribute to a seamless and efficient transaction. Their expertise extends to simplifying the complexities of the closing process, offering you clarity and guidance throughout. Choosing to collaborate with an AMPI agent provides more than just a real estate transaction; it assures peace of mind, expert guidance, and access to a well-connected network, transforming the journey to property ownership into a secure and well-informed experience.
It's important to remember that within any profession, not all professionals are created equal. We recommend taking the time to interview multiple agents, reviewing their track record, consider their years in the industry, and explore their affiliations with a reputable brokerage. Don't hesitate to request references from past clients as well, as this will provide valuable insights into their performance. Your journey in real estate becomes more rewarding when you find an agent with whom you can genuinely connect, share some enjoyable moments, and enjoy the home ownership process together. Making an informed decision while building a positive rapport with your agent is the key to a successful and enjoyable real estate experience.
Q: Could you mention 5 green flags and 5 red flags of an agency/agent?
A:When contemplating the prospect of hiring an agent, it’s important to carefully evaluate the attributes that signify a genuine professional, while also remaining vigilant for any potential indicators that may raise concerns about the legitimacy of the arrangement.
5 Warning Signs
1. Inadequate Communication - Lack of responsiveness, a failure to provide updates, or unclear communication.
2. Insufficient Understanding of The Market – Doesn’t know property values, demographics, different regions/neighborhoods.
3. Inexperience - Limited or negligible experience in the real estate sector, particularly within the context of your specific transaction type.
4. Unethical/Unprofessional Behavior - Unethical or unprofessional behavior, which includes acts like being dishonest or violating confidentiality.
5. Weak Negotiation Skills - Difficulty in skillfully advocating for your interests, which could lead to financial losses or missed opportunities.
5 Positive Indicators
1. Excellent Communication Skills - Your agent is prompt and provides transparent communication, ensuring you stay well-informed throughout each phase of the process.
2. Problem-Solving Skills - They excel at tackling obstacles and devising innovative solutions for any intricate issues that may surface.
3. Successful Track Record – They have a proven history of successful transactions over the years.
4. Professionalism - Your agent upholds a strong standard of professionalism and ethical behavior during the entire transaction.
5. Comprehensive Market Knowledge - They showcase a profound grasp of the local real estate market, extensive knowledge of neighborhoods, property valuations, and the latest trends.
Q: As a person who wants to sell a property, how do you ensure that you are working with the right agency?
A: Choosing a real estate agent to list, market, and sell your home is a significant decision, especially when your property represents your most substantial investment. Ensuring you're making a well-informed choice is crucial because you're entrusting someone with the responsibility of successfully selling your property for the highest value and ensuring a smooth transaction.
To guide your decision-making process, look for a listing agent with a proven track record. Seek an agent experienced in selling properties similar to yours, who possesses a strong familiarity with your neighborhood and in-depth local market knowledge.
Engage in a conversation with the agent about their marketing plan and strategy for selling your home. It's important to understand which marketing channels will be most effective for your specific property type.
A key consideration is the agent's pricing expertise. They should employ a well-researched and realistic pricing strategy. The agent should prepare a comprehensive Comparative Market Analysis (CMA) and go over it with you to determine the fair market value for your home.
In addition to these factors, assess the agent's communication and negotiation skills. Don't hesitate to ask for references from previous clients to gauge their performance. Honesty and transparency are fundamental qualities to look for in your chosen agent, among other crucial attributes.
Selecting the right agent is an essential step in achieving a successful and profitable sale of your property.
You have just opened your agency Taniel, congratulations, tell us what makes you different from the other agencies on the market.
A: Though we’re a new and enthusiastic real estate firm making our mark in Puerto Vallarta, we’ve been part of the local real estate scene around Banderas Bay and Puerto Vallarta for over 17 years. We've been fortunate to work with some wonderful homes and condo developments throughout the city, which has given us valuable insights into the local market.
We may be a small part of Puerto Vallarta's real estate story, but we're proud of how far we've come. Our focus is on being forward-thinking and innovative, providing a personal touch for our clients whether they're buying or selling their dream property.
In a market that's always changing and intensely competitive, we're committed to keeping up with the latest trends and technologies. Our goal is to ensure that our clients have access to the best industry insights.
Our new office is just a few blocks from the famous Playa Los Muertos, a symbol of our commitment to offering exceptional service. We've designed it to be a welcoming and cozy place where clients can have open conversations about their real estate goals with our experienced team.
We don't consider ourselves just another real estate firm; instead, we see ourselves as a positive influence in the industry. Through our partnerships and network of professionals, we can provide a wide range of properties that cater to our diverse clientele. Whether it's a beachfront villa, a modern condo, or a charming colonial-style home, we have the knowledge and connections to turn our clients’ visions into reality.
You can visit our website at www.tanielchemsian.com
Q: What can the real estate sector expect for this high season that is beginning?
A: Summer 2023 showed a slower pace compared to the vibrant summers of 2021 and 2022, part of which is due to low inventory. However, as September rolled in, we witnessed a notable surge in buyer inquiries. Many of these prospective buyers have already engaged with our dedicated Taniel Chemsian Properties agents, scheduling property tours. This promising trend points towards an active and promising 2023-2024 season ahead.
In addition to the growing interest from potential buyers, we're currently involved in offering exciting new real estate projects across the bay for the upcoming season. These projects offer enticing pricing and a host of appealing amenities for our clients’ consideration, making it an exciting time to be a part of our real estate community.
Q: For people who have already purchased property here or are currently purchasing, how safe is their investment? How Puerto Vallarta looks within the safe real estate market.
A: It's safe to say that Puerto Vallarta is a true Mexican treasure. The city has experienced consistent growth for over two decades, and like any expanding city, it has faced its share of challenges. However, this growth is a natural phase for cities on the rise.
With Puerto Vallarta's increasing popularity, we've also seen a rise in both domestic and international real estate investments. Property values continue to climb, and rental occupancy rates are on the upswing across the bay.
What does the future hold? One never know. But for now, Puerto Vallarta is in a really good place. We're grateful for the journey and optimistic about what lies ahead.
