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CASA CONCHA CASA SUSY

3 Bedrooms/ 3 Baths
 Large master bathroom w/ Garden tub
Large Kitchen
Living room and Dining area with bar
Rooftop Balcony w/ grill, wading pool, tables
Enclosed parking or front patio
Rooftop Balcony
VW Safari Car Included

 

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4 Large Bedrooms / 3 Large Baths
Large open Living area
Spacious Kitchen
Covered outdoor patio
Double car parking
Large storage room in backyard
Jaquzzi

BONUS DEAL! CASA SUSY & LOT SUSY
TOGETHER $270,000.00 USD

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$125,000 USD
$225,000 USD
LOT SUSY   LOT GIBRAN LOT 13-15 OCEAN VIEW
 

12 meter x 30 meter = 360 m2 / 3875 sq. ft
Walled & Gated

 

 

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BONUS DEAL! CASA SUSY & LOT SUSY
TOGETHER $270,000.00 USD

 

Downtown Cozumel
2 Blocks from the Ocean
Perfect for your dream house or business
QUICK SALE

Lot Size: 756mts2 / 8137.5sq. ft

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Caribe Mexicana
20 x 35m each
67 ft x 118 ft. = 7,900 s.f.
Oceanview and ocean access.


 

$55,000 USD
 
$175,000 USD
$39,000.00 USD

 

 

LAST MONTH NEW LISTINGS

CASA MONI APARTMENT MARY CASA LUCI

3 Bedrooms
 1.5 Bathrooms
Open living room
Large kitchen & Dining area
Storage and Laundry room
Covered parking for 2 cars

Size: 31,215.21 sq ft.

 

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Located in the Los Tortugas Development
1 Bedroom
1 Bathroom
Comes Furnished
Large garden, pool and BBQ area
Rents well for long term rentals or vacation rental

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1Bedroome each
 1 Bathroom each
Living room, Dining and Kitchen
Main House - 2 Bedrooms
1 Bathroom
Living, Dining and Kitchen area
upstairs has bedroom

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Size: 3,745 sq ft.

$140,000 USD
$70,000 USD
$120,000 USD

HOT DEALS

PALMAS REALES CONDO 12-B
CASA TROPICAL

12th Floor 360 degree Ocean & Jungle view
 2 Bedrooms
2 Baths
Sundeck with Jaquzzi
FURNISHED

Downtown - 4 Blocks to the Beach
 3 Bedrooms
3 1/2 Baths
Pool
FURNISHED

REDUCED FROM $379,000 USD TO

$349,000 USD

REDUCED FROM $240,000.00 TO

$165,000 USD

COSTA DEL SOL B6 LOTS 13-14/13-15 OCEAN VIEWS CASA HELADO
3 Bedrooms
3 1/2 Baths
Private Beach
Furnished
BEST DEAL!!!!!

20 x 35m each
67 ft x 118 ft. = 7,900 s.f.
Oceanview and ocean access.

 

3 Bedroom
 2 1/2 Baths
New Mini-Splits throughout
Pool
FURNISHED
REDUCED FROM $589,000.00 USD TO

$350,000 USD

$39,000.00 USD

OR BOTH FOR $75,000 USD

REDUCED FROM $275,000.00 TO

$195,000 USD

 

PALMAS REALES 1B VILLA FONDEVILLE 1 LOT WICK
CASA ECLIPSE

-SOLD-
-SOLD-
-SOLD-
-SOLD-

NEW VACATION RENTAL
CASA MARIA

CASA MONI
CASA ASHLEY
$180.00 USD per night
contact us!!!!
$7,500 Pesos per month
more photos>>>
$14,000 PESOS per month
more photos>>>
CASA CANO AND STUDIO LOS ALMENDROS APARTMENT MIGUEL

$5,500 and $4,500 Pesos per month
more photos>>>
studio more photos>>>

$4,500 Pesos per month
more photos>>>

$10,000 Pesos per month
more photos>>>

Apartament Las Tortugas STUDIO SOL MAYA CASA MANDARINA
$5,500-7,500 pesos-mes
more photos>>>
$480.00 USD per month
More photos>>>
per day or per month
more photos>>>
CASA SOL MAYA CASA DANI DOWNTOWN OFFICE
$600.00 USD-month
more photos>>>
$5,500.00 Pesos
more photos>>>
Starting at $2,000.00 pesos per month
more photos>>>


Vista Bonita Vacation Rental

6 MONTH RENTAL

Monthly utilites- Electiricity, Cable & Internet

$1,800.00 USD PER MONTH

 

 

 

The AMPI GRAFITTI BUSTERS!!


The local AMPI (Mexican Board of Professional Realtors) has a new project. On Saturday, June 29, 2013, the 4 companies: ReMax, Cozumel Living, Cozumel Capital, and Cedral Realtors joined together to paint 4 walls.
Our goal is to teach locals and all property owners here that valuing their real estate property by keeping it looking the best possible should be a goal for all. We want to help property owners by showing them the best way to keep their property values up is to remove graffiti on the walls immediately. Every other month we are going to choose walls, contact owners, and try to remove as much graffiti as possible. Our island will show better. If anyone wants to support the AMPI GRAFITTI BUSTERS, we gladly accept donations for paint, the work of going out and contacting owners to get their approvals, and actually joining in the fun and painting for a few hours on the designated Saturday that will be announced.
In June, we painted the wall of a new house out across from Sam's Club, two in the Corpus Christi neighborhood, and one on 11 Av. The one on 11 Av. got a lot of attention from passersby wanting to know what all the people in the AMPI GRAFITTI BUSTER t-shirts were doing. Please join us in our next Saturday paintathon to be announced in August. A special thank you to Karen Bloemhoff for coordinating the effort, and to the Cedral painter Pantera for his help as well.

 


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In the past few months, almost all the major lenders have lowered interest rates. This is welcomed news, both for clients who are planning on obtaining a mortgage, as well as for clients who have already closed on a mortgage. In this newsletter, we focus on clients who have obtained a mortgage and the option to improve the terms.
This type of mortgage has various names - mortgage substitution, improved conditions, debt payment, but we are going to call it refinancing. The purpose of this credit is to lower the interest rate, which results in lower monthly payments. Some banks also allow clients to obtain a cash-out - so it is possible to lower your monthly payments AND receive additional cash.

Below, we provide an example to explain the scenario, using current exchange rates. A client purchased a property one and a half years ago valued at $310,000 USD and has an outstanding balance of $250,000, with a monthly payment of $2,700. He could refinance the balance with another lender and his payments would be lowered to $2,200. That's a monthly savings of $500 USD!
The same client could have chosen to refinance the mortgage balance for a shorter term, resulting in a monthly savings of $185 USD and 4 years 2 months less in his mortgage term.
It is important to note that these examples use mortgages that are considerably current. The example demonstrates that in a short period of time, there has been a significant improvement in loan conditions. For Mexican clients who obtained their mortgage many years ago, refinancing their mortgage will most likely result in monthly savings even more impressive then outlined in the examples.

The fees for substituting one's credit can be minimal. Depending on the policy of the bank, Mexicans may only have to pay for the appraisal - and usually the appraisals are discounted for this type of mortgage. For the client mentioned above, he had to pay $430 USD for the appraisal, in order to lower his monthly payments by $500! That means that the client really did not have to pay anything - in the first month he saved $70 and is saving $430 every other month.
To qualify, we usually need the same documents as for the purchase of a property (IDs, income documentation) and the most recent statement for the current mortgage.

We hope that the mortgage conditions continue to improve, but we cannot predict the future. Many clients want to take advantage of the savings actually available and not risk this opportunity. There are no limits to the times you can refinance your mortgage, so if current mortgage conditions favor you, and in a few years there are other improvements, it should be possible to refinance your mortgage again. As always, we are trying to help your finances and give you the opportunity to take advantage of the best options available.

Please feel free to contact us with any questions you might have.

Kind Regards,
Cross Border Investment

 

American taxpayers with assets outside the United States are no stranger to the abundance of additional US tax forms that must be filed at tax time.

 

While US tax regulations are generally understandable, the Mexican fideicomiso has long-been a head scratcher. But thanks to a private citizen’s efforts, the IRS has actually changed its point of view and determined that a fideicomiso is not a trust for federal US tax purposes.
Under Mexican law, only Mexican citizens are allowed to own property in the ‘restricted zone’, which are the areas within 100 kilometers of Mexico’s inland borders or within 50 kilometers of its coastline. Non-Mexican citizens can only purchase property in this area if they set up a special arrangement with a Mexican bank—this is called a fideicomiso (or Mexican Land Trust). Essentially, the fideicomiso ‘owns’ the property, and for a nominal annual fee, the bank serves as the trustee.

Trustee

Unlike a regular trust, these trustees have no right to control the property and are not responsible for any maintenance or damage/loss. So, even though the fideicomiso is a trust because it has a trustee, that trustee doesn’t have the same fiduciary responsibilities as a typical trustee. This is the crux of the issue and the reason the regulation has been questioned.

Forms

US expats and taxpayers with real estate in Mexico had to file two forms annually: Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts, and Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner. To be clear, being taxed on the property isn’t the main issue – in most cases there was no additional tax burden for the property owner. It was simply the hassle. Oh, and the massive penalties incurred if you failed to file the US tax forms. The penalty was 25% of the purchase price of the property.

Ruling

Last year, a savvy tax lawyer from Austin, Texas, Amy Jetel, filed for and received a Private Letter Ruling from the IRS on behalf of her client. Subsequently, the IRS issued Rev. Rul. 2013-2014, which applies to all taxpayers. Ultimately the IRS determined that the trustee of a fideicomiso has responsibility to hold and transfer title, but has no duty and no right to defend, maintain or manage the property. Therefore, it is not a trust and these additional US tax forms do not need to be filed. This ruling removes quite a bit of risk and a load of pesky US tax paperwork from Americans owning property in Mexico.

http://greenbacktaxservices.com/blog/us-tax-break-americans-own-property-mexico/?utm_source=rss&utm_medium=rss&utm_campaign=us-tax-break-americans-own-property-mexico

 

 

 

Baby Turtle Observation Workshop

 


This eco-educational experience will happen from August 16 until September 17. This workshop takes place at Faro Celerain Eco Park on Monday, Tuesday, Wednesday and Friday at 5:00 p.m. You'll be able to watch how baby turtles emerge from their nest's and go out to the ocean. The cost is US$30 for adults, and US $15 for children.

http://www.cozumel.travel/about/events.cfm?show=15

 

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Annual home maintenance in Cozumel

By: Aura Holguin-Resch

Whether you are a long-term renter or a homeowner there are things that must be done around your home when you live in Cozumel. The process can be costly by island standards and time consuming. Inspect and clean the rooftops, clean, repair and replace the drainpipes. Check all your screens for holes and tears. Inspect the hurricane shutters and know where the keys are. A thorough inspection of everything that is metal is a must annually due to the salt water. The water tanks of Tinacas must be cleaned annually. Air conditioners need annual maintenance to keep them running efficiently. Also replacing the weather stripping around the doors as needed. Inspect all plumbing for slow leaks. Faucets and fixtures need replacing often on the island. The shower heads need to be soaked in a special solution periodically to unplug clogged holes. Oil everything wood on a regular basis. Last but not least, pull everything out of storage areas for a good cleaning.

 

To Read Article>>>

 

 

 

PROPERTIES IN OTHER LOCATIONS FOR SALE OR TRADE FOR COZUMEL PROPERTY

 

WASHINGTON HOUSE AND RANCH
GRAND LAKE, GROVE OKLAHOMA
DRAGON FLY RANCH FOR TRADE
$299,800 OR WILL CONSIDER PARTIAL TRADE
This is a twenty acre ranch in Riverside, Washington USA with a 900 square foot house that is four years old. It is completely solar powered. The home is 18 miles east of the town of Riverside and is in the hills at 3300 foot elevation . The owners are looking for anyone owning a property in Cozumel that would be interested in trading? The house they were looking to trade was only a $100,000 home, but it is owned by Mexicans who would not be interested in moving to the USA but maybe YOU or someone you know would be interested. Let us know.

 

 

 


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Meet Our Team!

Nancy Edwards

Broker

Cristina Romero

Agent

Doug Pickett

Agent

Kathy Watts

Agent

Susana Portocarrero

Rental Manager

Heather Sherman

Web Administrator

For more information About Us... click the link http://cozumelliving.com/contactUs.htm


 

 

COZUMEL LIVING RENTAL AND MANAGEMENT


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