ARE YOU ABOUT TO BUY A PROPERTY?

July 19, 2023 

By Lic. Jessica Hernández 

Customer Service

Whether it is to live, or for investment purposes, acquiring a property is a solemn transaction and must be considered by the parties involved as such. The buying-selling process can be very simple to the extent that both the buying and selling parties provide, on the one hand, the necessary documentation, and on the other, the economic resource. That is why, if you are close to acquiring any type of property, it is necessary that you check that the owner of the property has the following documents:

 
1. Current official identification of the owner(s)

2. Deeds in the name of the seller, in case the property is communal/ ejidal, there must be a certificate of possession

3. cadastral certificate

4. felling and demarcation

5. Freedom of lien

6. Current property tax receipt

7. Water and electricity bills

8. Marriage or divorce certificate, if applicable.

9. Plan of the land and subdivision (in case of being in a subdivision)

 

10. Updated tax status certificate

 

At SILMÉXICO we always make sure that when listing a property all the documentation is in order, in this way, we offer the certainty to all our clients that their purchase is safe and that their investment will be the best.

Do you have questions about this documentation? Come to our consultancy headquarters at Sabinos #711, Colonia Reforma, Oaxaca de Juárez, Oaxaca, and contact us at (+52)951-127-1380, or send us an email at info@silmexico.com. Our legal team will be happy to help you with your doubts and take the big step in acquiring your new property. 

THE OVERVIEW OF CONSTRUCTION THIS 2023

July 19, 2023 

By Ing. Ricardo Cisneros Sánchez 

Project Manager at SILMÉXICO

Construction is one of the most important industries in the world, where human and variable capital moves 365 days a year. It is not surprising that this is constantly changing since it must respond to the social, cultural, environmental, and political needs that are taking place in the area where the construction will be implemented.

In 2023, construction in México has mainly focused on maximizing investor investment with proposals that respond to current environmental measures, reduce execution times, and that the final product meets higher quality standards in finishing and operation. This is why we group them into the following points:

 

  • Sustainable Construction: Sustainability is a major trend in the construction industry, and developers are looking for ways to build projects that are more environmentally friendly. This may include the use of recycled or 0-impact materials, the installation of renewable energy systems, separation of water for final disposal, accompanied by designs that are efficient in the use of energy. The implementation of materials such as earth, wood, and stone are increasingly gaining prominence in current constructions.

 

  • Modular Construction: Modular construction is a construction method that uses prefabricated components that are assembled on-site. This method can be faster and more efficient than traditional construction, and can also result in less waste, optimizing construction costs and maximizing work crew performance. From SIP panels and prefabricated structural elements such as the joist and alveolar plate to the use of 3D printing, they allow a dry, affordable construction with guaranteed quality.

 

  • Smart Building: Smart building uses technology to improve the efficiency and comfort of the end-user of buildings. This may include the use of automation systems, sensors, and networks to control climate, lighting, and other systems. Since the pandemic, this niche has grown considerably and has become a necessity in terms of the comforts it can offer the end user.

CONCLUSION

It is important to be updated with the needs of the market and the demand for products that cities demand today since this allows cutting-edge projects to be carried out that ensure profitability in the short and medium term. Today, a sustainable building can help reduce maintenance costs, improve air and water quality, and create a positive image for the company. Implementing modular elements can help speed up construction time, reduce running costs, and create less waste. If we combine this with elements that improve the efficiency and comfort of the end users, we will obtain greater satisfaction both from our end client and from the investors of the project, reflecting higher incomes and immediate capital gains.

MEXICAN CORPORATIONS AND THEIR USE IN REAL ESTATE TRANSACTIONS

Monday, July 17, 2023

By Jessica Hernández

As explained in a previous article, different mechanisms can be used to acquire properties in México. One of them is the creation of a Mexican corporation, which is the matter of this article. 

A Mexican corporation: as of 1995, foreigners can own, operate and manage Mexican companies, however, some restrictions remain on the activities in which a Mexican company can participate when foreigners are involved, such as mining, airports, and telecommunications; however, the general rule is 100% participation. No investment restrictions exist on foreign-owned companies that purchase and develop the property. Mexican corporations require a minimum of two associates or shareholders. Both shareholders can be foreigners, and having a Mexican partner is unnecessary.  

There are several different types of Mexican corporations, however, the two most common are the S.A. de C.V. and the S. de R.L. de C.V. The S.A. de C.V. is a stock corporation, and S. de R.L. de C.V. resembles a limited liability company. Choosing the type of corporation to establish is essential for tax purposes in both the US and Mexico.

Once your Mexican company is formed, you can acquire property anywhere in Mexico, including the restricted zone. Property acquisition is also a “formal” procedure, and you must ensure that all the proper steps are accomplished to secure the title, that is why this process should be carried out with professionals in the area. 

If you are about to acquire a property in Mexican lands, visit us at https://silmexico.com/mexican-corporation-constitution/ to know more about this and other services SILMÉXICO offers and become a Mexican property owner.

Se firma la escritura del LOCAL #1 en Paseo Santa Lucía

ESCRITURA PÚBLICA DEL INMUEBLE LOCAL #1 DE PASEO SANTA LUCÍA

El día 11 de julio del 2023 se llevó a cabo la firma de la escritura del LOCAL NÚMERO #1 (UNO) por la entidad financiera ACREIMEX ante el notario público número 100 (CIEN) del estado de Oaxaca, la cooperativa ACREIMEX adquirió este inmueble de 157 mt.2 dentro del nuevo centro comercial Paseo Santa Lucía.

ACREIMEX es una cooperativa de ahorro y crédito que brinda servicios financieros de calidad con sentido humano. Fomentan la cultura del ahorro y el uso responsable del crédito de sus asociados, enfocado a su desarrollo económico y social.

Iniciaron operaciones en la Villa de Etla, Oaxaca el 13 de junio del año 2001, con sólo 3 personas. Actualmente ACREIMEX es una institución autorizada por la Comisión Nacional Bancaria y de Valores, con una fuerza de servicio de más de 1,000 personas con 60 sucursales a lo largo de 9 estados de la República Mexicana.

El LOCAL #1, nueva sucursal de ACREIMEX se encuentra en la fachada principal del centro comercial frente a la carretera Internacional #802, con accesos por escaleras y elevador al inmueble.

Así como ACREIMEX se espera en los próximos días continuar escriturando los locales comprados por inversionistas y empresas.

La oportunidad de invertir en Paseo Santa Lucía es cada vez más atractiva para quienes buscan rentabilidades a corto plazo. Las propiedades son privadas y de carácter definitivo con toda la documentación legal para llevar a cabo la compraventa de un inmueble comercial.

¿Quieres invertir en Paseo Santa Lucía?

Contacta al equipo de ventas para obtener toda la asesoría profesional en todo momento y apoyarte en el proceso de compra y escrituración de tu local comercial.

Pregunta por los precios y disponibilidades de cada piso, quedan pocos locales comerciales disponibles en Paseo Santa Lucía.

¡Estás a tiempo para invertir!

info@silmexico.com

Tel. 951-127-13-80

Tel-55-78-63-68-90

www.paseosantalucia.com.mx

5 CURIOUS REAL ESTATE FACTS

Wednesday, June 28th, 2023

By Jessica Hernández

The world of real estate can be a bit complex for those who are just starting out in it, despite the fact that there are many technicalities that must be understood, this industry is full of learning, here are some curiosities that will surprise you and that will be the topic on the table in your future talks.

1.- The tallest building in Latin America and in Mexico is the Obispado Tower.

The use project for the tower is mixed since its facilities include offices, which occupy 56 floors, a 7- story Hilton Garden hotel, a commercial area, a business center, and 172 apartments of up to 315 square meters. In addition, it has amenities for its inhabitants such as a swimming pool, green areas, children’s games, grills, a sky gym, a sky lounge, and a sky bar.

2.- The Ritz Carlton is the best real estate project in México.

This building stands out for its architectural design, its strategic location, and its contribution to the environment since it has the LEED Core & Shell certification. It was awarded in 2022 as the best real estate project in the country. The ceremony was carried out by the Real Estate Developers Association. 

The project represented a total investment of 2,087 million pesos and generated 7,720 direct and 53,206 indirect jobs. And it consists of 58 floors with 153 rooms, luxury suites, and private residences, which offer panoramic views of the Chapultepec Forest, the main lung of the metropolis.

3.- Ben Caballero is the best real estate agent in the world.

An agent from the USA was mentioned in the record Guinness Book as the best real estate agent in the world, since in 2016 Caballero handled more than 3,500 home sales transactions for construction companies, properties valued at more than $1,400 USD million. His company handles an average of nearly 10 homes sold a day.

4.- The most sustainable building in the world is in New York.

One Bryant Park is considered the most sustainable building in the world, it was completed in 2009 and in 2010 received LEED Platinum Certification becoming the first office tower to achieve that level of excellence. Among its characteristics we can find: 

  • It has carbon dioxide monitors
  • LED lighting
  • At night it produces ice in 44 tanks located in its basement, which is used during the day to cool the air in the building.
  • Collects all rainwater in containers with a capacity of 329,000 gallons.
  • Said water is used to irrigate plants and fill the toilet boxes.
  • Later, an internal gray water plant treats it to be used to cool the tower, subsequently releasing it into the environment in a gaseous state, thus completing a cycle that returns to nature.

5.- Cairn de Barnenez is the oldest building in the world.

It is the oldest building in the world since it dates back to 4850 BC. Located in France, the Cairn de Barnenez belongs to the municipality of Plouezoc’h. It is also the largest megalithic mausoleum in Europe.

TEJATE: THE REFRESHING BEVERAGE OF THE GODS

Friday, June 23rd, 2023

By Jessica Hernández

Known as the drink of the gods, tejate is the traditional elixir of Oaxaca. It is made from corn, cocoa, mamey bone, and cocoa flower. It is characterized by a lumpy foam formed by the cocoa flower.

Tejate originates in pre-Hispanic times, in the region of the central valleys, it was drunk in planting and harvest ceremonies. Its name in the Zapotec language is cu’hub, however, it is currently known as tejate, a word that comes from Nahuatl and means floury water (“textli”/dough and “atl”/water).

Thanks to the hard work of the Oaxacan women, especially from the community of San Andrés Huayapam, this delicious drink was not lost, its recipe was preserved by oral inheritance during the different generations from its creation to the present. Currently, every year the traditional tejate fair is held in this community, where Oaxacan women dedicated to the elaboration of this drink are placed in their stalls with their clay jars where the tejate is ready to be tasted by the thousands of local and foreign people who come to this tradition.

If you are passing through the state, we recommend you try this refreshing drink that will transport you to ancient times, then you will understand why it is called the drink of the gods, its flavor and texture really make it worthy of the name.

TIPS TO KEEP YOUR HOUSE COOL THIS SUMMER

Wednesday, June 21st, 2023

By Jessica Hernández

Today summer has begun, which is marked by the summer solstice in the northern hemisphere of the planet, while winter has begun in the southern hemisphere. 

In Mexico as well as in other countries in the northern strip, summer means a break from school activities and work, many people choose to relax in tourist destinations such as beaches, and some others stay at home, however, as we know we are experiencing high temperatures in most of the states of the country. If you are staying at home this summer break, we tell you in this article some tips to keep your home cool and enjoy these relaxation days.

1.- Say yes to plants

In addition to giving color and life to your house, these will make the environment fresh. Among them, we can find spider plant, peace Lily, rubber plants, elephant ear, snake plants, ferns, and pothos. Likewise, without watering the soil of these plants constantly so that they do not rot, you can spray them only on their leaves, so you will notice how your home refreshes immediately.

2.- Limit the sources of heat

Turn off electrical appliances that you are not using (remember not to leave them on standby either), as they are an unnecessary source of heat (as well as energy waste).

3.- Crossed ventilation

This involves wind entering through a vent (or a window or door), and allowing air to flow directly through the house and out through an opening on the other side of the home. Take advantage of the fresh air during the night, and, as far as possible, leave your windows and doors open, so all the spaces of your house that were sultry during the day are ventilated.

4.- Clear spaces of unnecessary objects

The more stuff you have in the room, the more likely it is for heat to build up. We recommend that you gradually get rid of unnecessary objects and less sentimental value that so often get hot and help perpetuate the stuffy environment.

Take advantage of a cooler summer afternoon to get them out of your room. You have three options: throw them away when they are old, reuse them to create different decorative pieces, or put them up for sale to earn some money.

5.- Opt for cool and thin fabrics

During this hot season change your sheets, covers and tablecloths for much thinner fabrics and light colors, cotton and linen will be your best allies.

Well, these are just some recommendations to have the best possible time this summer. Remember to stay hydrated and avoid going out when the sun is at its peak. Also, always use sunscreen. If you have pets, keep them hydrated and in a cool place under the shade, and if it is in your possibilities, remember to place a bowl with water for stray dogs. Small but significant actions will make a difference.

WHAT TAXES MUST BE PAID IN A PROPERTY PURCHASE-SALE PROCESS?

Monday, June 19, 2023

By Jessica Hernández

We know that in a sale-purchase process, in addition to paying the total amount of the property, there are taxes and other aspects to consider within the budget to purchase the property.

In the following article, we will tell you what taxes each of the parties involved in the said transaction must pay.

According to the Tax Administration Service (SAT) portal, when income related to housing is obtained, either by selling or leasing real estate, Income Tax (ISR) must be paid. It is essential to clarify that this amount is not fixed, and its value will depend on a specific characteristic, which is the location of the property, in this sense, it is a notary who will determine the total amount of ISR to be paid by the seller.

However, the payments that the buying party must make are the Public Registry of Property, the Transfer of Domain, also known as the ISAI (Real Estate Acquisition Tax), as well as the cadastral service, and finally, the notary’s taxes, since its function is to identify the parties that are celebrating the operation, provide certainty about the characteristics and state of the property, as well as recognize the form of payment (transfer, cash, etc.), and give the notification corresponding to the SAT in case the property has a cost greater than MXN 1,075,000.00.

Acquiring or selling a property can be a simple operation for the parties involved as long as professionals carry out the process. Remember to go to SILMÉXICO to receive advice on your real estate transaction.

THE ARCHITECTURE OF OAXACA: AN ARTISTIC TREASURE OF MÉXICO

Friday, June 16, 2023

By Jessica Hernández

The architectural legacy that the colonial era left in Mexico together with the traditions of the different states give a great identity to the entire Mexican territory. Oaxaca is precisely recognized for its buildings with unique facades, mixed between museums, churches, and old houses dating from the 1500s, together, these are part of a relic and architectural treasure that shows the ornamental richness of that time.

 

Not only in the city, which is considered a cultural heritage of humanity for all the tangible and intangible assets that it guards, there are also in other parts of the state buildings that are worth admiring for their colonial quarry design.

 

To talk about them we will start with the variety of religious temples:

 

In Oaxaca, as in most of the states of Mexico, there are numerous religious temples built during colonization, among them, we can find the temple of Santo Domingo and its ex-convent, the church of La Soledad, the temple of the Barrio de Jalatlaco, the church of San Felipe del Agua, Carmen Alto y Bajo, Church of the Ex Marquesado, and of course, the Cathedral located in the city’s main square, among many others. Most of these temples were built in the Baroque style, others in the Classical and Neoclassical styles. Currently, these temples are still in operation celebrating masses, their green and yellow quarry facades stand out with their internal decoration in the Baroque style.

In Oaxaca, as in most of the states of Mexico, there are numerous religious temples built during colonization, among them, we can find the temple of Santo Domingo and its ex-convent, the church of La Soledad, the temple of the Barrio de Jalatlaco, the church of San Felipe del Agua, Carmen Alto y Bajo, Church of the Ex Marquesado, and of course, the Cathedral located in the city’s main square, among many others. Most of these temples were built in the Baroque style, others in the Classical and Neoclassical styles. Currently, these temples are still in operation celebrating masses, their green and yellow quarry facades stand out with their internal decoration in the Baroque style.

Among other buildings of this style are the arches of the Xochimilco neighborhood, nestled in a narrow cobbled street, these functioned as an aqueduct that supplied water to the city. The Plaza de la Constitución, or as we mostly know it, the zócalo, in its colonial times only consisted of a marble fountain, which was replaced years later by the kiosk and has been modified over the years. The government palace is located in this same square, which held its first council session in 1576.

The city of Oaxaca and the state, in general, is home to many buildings that have their origins in colonial times, although some do not retain their original construction due to the earthquakes that have struck Oaxaca in different years, they have been rebuilt, seeking in each remodeling the take care of his style so that the state preserves its viceregal essence.

DID YOU KNOW THAT INVESTING IN THE REAL ESTATE INDUSTRY IS ONE OF THE SAFEST TRANSACTIONS?

Wednesday, June 14, 2023

By Jessica Hernández

That’s right, the real estate business is considered the safest because it is one of the fastest-growing industries. Investing in real estate offers you a safe return on investment, you must be visionary and patient to understand that an investment today will give results tomorrow in the short and long term, for example, if you buy a property and market it as income, for short or long stays, you will immediately start generating profits and in a few years you will have recovered your investment, in addition to ensuring a heritage for your future. 

As the phrase says, the currency is devalued, the real estate is not. Unlike a car, which over time, no matter how equipped it is, its value will decrease, comparing it to a property; the more time passes, the more its value will increase, which is why it is not considered a risky investment, unlike other industries. In this sense, in the real estate sector, inflation is an element that plays in its favor.

Another of the benefits offered by this investment is buying both at auction and pre-sale prices. The properties at auction usually exist due to seizure processes, they remain as collateral in loans, since these are not settled, the bank proceeds to carry out the corresponding seizure and finally to auction off the property at 50% of its value. The important thing about buying pre-sale for pre-construction is that the prices are lower compared to the costs of already completed works.

As for Oaxaca, it is a state that is undergoing economic development, which is why the demand for housing has increased and will continue to do so considerably. With the upcoming opening of the new highway that connects the city with beach tourist destinations, the number of both national and foreign tourists will multiply, which also places the state in the eye of investors.