Do you own property in Mexico or hope to invest in a vacation home in paradise? Also, are you dreaming of buying a yacht in Mexico? If so, there are a few things to consider before you buy. If you want to know where to buy the top luxury real estate, check out Lemuria Residences in Puerto Vallarta. Located on the country’s Pacific Coast in Banderas Bay, Lemuria Residences are brand new Puerto Vallarta condos ideally situated in the city’s exclusive South Shore. Banderas Bay is the largest bay in Mexico and the 7th largest bay in the world, so many homeowners decide they also want to own a yacht when they buy property at Lemuria Residences. In the meantime, keep reading below about tips and advice for people who want to buy a yacht in Mexico.
Guide to Buying a Yacht in Mexico
To start with, you first need to decide what kind of motor yacht best meets your needs. You should think about how much you plan to use the yacht, and who you will be traveling with. Therefore, you need to then narrow down your search to a size range of length that will suit your preferences. In addition, it’s important to consider what amenities you want to have on board as well. Next, it is always wise to enlist the help of a yacht dealer or broker who has a good reputation. If you work with a local broker, make sure you conduct a charter or sea trial before you buy. In addition, make sure to have the yacht inspected in person by a professional before you buy. It’s also recommended that yacht owners take a boating safety course as well or lessons if needed.
How to Buy a Yacht in Mexico
Next, if you are looking into buying a used boat, in Puerto Vallarta you go to Opequimar Pier and ask around. Located at Paseo de la Marina Sur 214 in the Puerto Vallarta marina, the pier is home to many boats, yachts, and more. In addition, there is a small boat lot next to Zaragoza Marine where they often have various types of 40 ft new boats. However, in general it is best to work with a yacht broker who can assess your needs and budget and order accordingly. With the help of a yacht broker, you can often view yacht pics, obtain information about the history of the boat’s build and its condition as well as any questions that come up. If you decide to make an offer, you can negotiate a price and they may counter before you come to a deal.
Working with Foreign Sellers
Oftentimes, yacht brokers will be expats and have contacts and enlist the services of escrow companies in the States or Canada. If so, the specific escrow company will often hold a 10% deposit or so while specifics are being worked out. Once the yacht has been inspected and a deal is accepted, then a sales agreement must be signed in Mexico as well. Then, the escrow company instructions for the funds transfer to finalize the deal will occur as well as documentation paperwork from the Coast Guard that will need to be signed. On average, foreign escrow companies will charge around $375 or $400 US dollars to do a title search on the vessel. In addition, paperwork will be required to change the registration from the States or Canada to be listed under the new buyer’s USCG number. You can also change the name of the boat in the process.
We hope this article gave you a bit more insight into buying a yacht in Mexico. Remember, it’s always best to work with a professional and reputable yacht broker who can help guide you through the entire process starting with finding a vessel, making a deal, and finalizing the purchase. In addition, if you want to invest in luxury coastal Puerto Vallarta real estate, check out Lemuria Residences. The high-end new development nas incredible amenities and services and is perfectly located in Puerto Vallarta’s South Shore, which is an upscale and exclusive neighborhood. With amazing views of Banderas Bay and the Sierra Madre mountain jungle, having your own yacht will be ideal so you can explore Mexico’s largest bay at ease. To learn more about the luxury beachfront residences for sale at Lemuria Residences, contact them today to schedule an informational meeting and property tour.
About Lemuria Real Estate
Ideally situated on Puerto Vallarta’s exclusive South Shore, Lemuria Residences is a new luxury condominium complex that belongs to a Master planned community designed by the prestigious Gensler Global Architecture firm. The ecologically planned themed property includes more than 1700 acres of preserved Sierra Madre jungle with stunning views of the mountains and Banderas Bay. The outstanding onsite amenities include multiple pools, BBQ areas, restaurants, a 2000 square meter spa, Sports Club, gym, tennis courts, pickleball courts, organic herb garden, and yoga spaces. There are also freshwater rivers and private hiking trails located nearby so it’s the ideal place to invest if you want to be close to nature. Contact Lemuria Residences today to learn more about our luxury beachfront condominiums for sale in Puerto Vallarta.