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Elias Garcia, a veteran real estate broker operating in New York City since 2006, recently moved to Puerto Vallarta to open Mi Casa PV Real Estate, bringing with him over 17 years of expertise and experience in all aspects of real estate. estate.
Garcia and his partner Gil, who have been together for over 26 years, have just opened and offer a bilingual multi-service from sales to rental.
“New York City is one of the most competitive, high-end real estate markets,” Garcia explained. “I bring that experience to give our clients a boutique feel and flexibility, along with attention to detail, their wants and needs.”
He said his new firm will focus on client communications in real estate sales and vacation rentals.
Born and raised in Veracruz, Mexico, Elias understands the culture and the real estate atmosphere. Gil was born and raised in Israel, both have been residents of NYC since 1989.
“We visited Vallarta for the first time in 2020, during the pandemic, and absolutely fell in love with PV,” Garcia said. “We knew right away that this was the place where we wanted to put down roots personally and professionally. It is during this visit that we closed our first condominium in Zona Romantica condominium followed by a second pre-sale condominium in Zona Hotelera just a year later.”
Mi Casa PV Real Estate is a one-stop shop for anyone looking to buy an apartment and then rent it out as an investment. They can find that perfect apartment in your price range and guide you through the buying process. Once closed, they can manage the property and list it for rent.
“We are an experienced host with a very high rating and a 95% occupancy rate year-round,” Garcia explained. “We will be taking on a limited number of vacation units to maintain the highest level of service to our customers and guests. We have a dedicated cleaning team and a manager to greet guests if needed. Our experience as hosts tells us that communication is golden when it comes to setting goals and monitoring vacation rental performance.”
And as property managers – a must if you plan to go the rental route – Garcia said his new boutique firm, Mi Casa PV Real Estate, was able to provide flexible terms.
“Our flexibility goes from setting up an online presence to regular maintenance, repairs, bill payments, to setting up competitive prices with the owner’s full involvement in the vacation rental process,” he said. “We offer low introductory rates of $100 USD fixed monthly fee for management and 15% of the net booking rate + $50 check-in + cleaning fee, which is normally covered by the guest.”
Garcia said his firm saw a slowdown in third-quarter sales for 2022, driven by low inventory and the U.S. and Canadian real estate markets.
“That said,” he added, “the market is still up for 2022 versus previous years. The slowdown is primarily attributed to low inventory, which is expected to be corrected by new construction and pre-sales hitting the market soon.”
Puerto Vallarta real estate market is also driven by US and Canadian real estate markets, especially by real estate stocks that traditionally help finance new purchases in PV. Both the US and Canada slowdowns and high interest rates are slowing sales in PV.
“The good news is that some Mexican banks are now offering US and Canadian residents some financing options,” he said.
As a new broker in the area, he said they are in the final stages of joining the local real estate professional firm AMPI (Asociación Mexicana de Profesionales Inmobiliarios) and that their application will be completed soon. AMPI membership gives access to the MLS listing service and is the gold standard for real estate professionals in the area.
“We feel the importance of a trusted agent to navigate the sale of a home in a foreign country should be very high on the list of buyers and homeowners looking to sell,” he said. “As buyers and owners of three properties in Mexico, we cannot stress enough how important it is to have a responsive and knowledgeable team on your side.”
The firm is also recruiting highly motivated individuals to join their real estate team. Please contact them at email@example.com if you are interested in a position.
Located at: 2015 Av. Francisco Medina Ascencio Local-27B Plaza Genovesa Phone: US +1 917-291-1007 / MEX +52 322 105 5091
Email: firstname.lastname@example.org Website: micasapv.com