ezpz Posted June 3, 2016 Report Share Posted June 3, 2016 The buzz around Ajijic is that the houses that are selling are going for wa-a-a-ay below asking price. The websites don't say what the houses actually sold for! Link to comment Share on other sites More sharing options...
Al Berca Posted June 3, 2016 Report Share Posted June 3, 2016 Buzz means rumor, particularly when sale prices are not released. Link to comment Share on other sites More sharing options...
bwhite1948 Posted June 3, 2016 Report Share Posted June 3, 2016 1 hour ago, ezpz said: The buzz around Ajijic is that the houses that are selling are going for wa-a-a-ay below asking price. The websites don't say what the houses actually sold for! Exactly what my real estate friends have told me. First offer by buyers will be 20% below asking; counter by seller will be 10% below asking. Buyers will counter 15% below and sellers will agree. Link to comment Share on other sites More sharing options...
Al Berca Posted June 3, 2016 Report Share Posted June 3, 2016 Great news 1948, because we all know that real estate agents are totally reliable, honest and trustworthy in all they say and do here and work diligently to provide accurate information to everyone. Link to comment Share on other sites More sharing options...
bwhite1948 Posted June 3, 2016 Report Share Posted June 3, 2016 Heard it from 4; I trust at least 2 of them Link to comment Share on other sites More sharing options...
garmemorial Posted June 3, 2016 Report Share Posted June 3, 2016 I sold recently after owning the house 11 years Paid 7% real estate, 1% IVA and CAPITAAL GAINS It is hard to overcome those charges Yes, I had all utility bills and proper immigration status REAL ESTATE IS A BAD INVESTMENT Link to comment Share on other sites More sharing options...
ned small Posted June 3, 2016 Report Share Posted June 3, 2016 My friends bought a house in Chapala 10 years ago for $65k and the asking was $79k. they only had to spend $10k to modernize it and change floor plans. That ended up being less than what they had set their budget for in 2000 when the Canadian dollar was worth only about 62 cents. I, on the other hand, am quite happy renting in Chapala. Link to comment Share on other sites More sharing options...
Saturn Posted June 3, 2016 Report Share Posted June 3, 2016 16 minutes ago, garmemorial said: I sold recently after owning the house 11 years Paid 7% real estate, 1% IVA and CAPITAAL GAINS It is hard to overcome those charges Yes, I had all utility bills and proper immigration status REAL ESTATE IS A BAD INVESTMENT Agree. You can end up paying capital gains due to the peso fluctuations. If the purchase and sale are in US funds, it is valued here, because we are in Mexico, in pesos. So if you bought when the peso was say, 10 to the US dollar, and sold when the peso is 18 to the dollar, you can end up showing a large gain, even if you sold in the same US dollar amount, or somewhat higher or lower, than you originally purchased it for. You can literally end up paying capital gains, on a loss. It happens. But many of us that own homes don't realise it, or don't want to think about it. Link to comment Share on other sites More sharing options...
Saturn Posted June 3, 2016 Report Share Posted June 3, 2016 1 hour ago, bwhite1948 said: Exactly what my real estate friends have told me. First offer by buyers will be 20% below asking; counter by seller will be 10% below asking. Buyers will counter 15% below and sellers will agree. True story.....about 15 years ago we met a fellow, who had built here for $35,000.00 US. He was quickly approached by a real estate agent who offered him $ 100,000.00 US. Not being a fool, he accepted the offer and went elsewhere. The agent promptly put the house up for sale for $250,000.00 US. It was a hot market back then. The house sold fast. Link to comment Share on other sites More sharing options...
lakeside7 Posted June 8, 2016 Report Share Posted June 8, 2016 In this June El OJO Del LAGO ,page 31, Judi is stating "22 Homes sold so far this year" .."I have sold all of them".... that is an impressive statement and seems to suggest the Lakeside market is recovering?? Link to comment Share on other sites More sharing options...
rosfreed Posted June 8, 2016 Report Share Posted June 8, 2016 I don't understand the payment of capital gains tax when selling a home if it is owned by a foreign resident here. All the information I have received, and read, says that if an expat is resident here, no capital gains tax is applicable when selling your primary home here. Perhaps some busy real estate professional or notary will find the time to reply? Link to comment Share on other sites More sharing options...
simpsca Posted June 8, 2016 Report Share Posted June 8, 2016 It depends on where around the lake you are looking. A friend has a house on the market in San Juan Cosala for $129,000 - 4,000 sq feet of land and 2.000 sq feet of house. Beautiful, renovated and updated in every way - 2 to 3 BR and 2 1/2 bath. It's on MLS so it depends on what you are looks for. Link to comment Share on other sites More sharing options...
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