View single post by frankie
 Posted: Thu Nov 14th, 2019 01:56 pm
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frankie



Joined: Fri Sep 1st, 2017
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Mana: 
emc2 wrote:
Selling in pesos is intriguing IF you bought your property when the dollar was high and sold at an appreciably lower exchange rate. I did this in another country not even realizing the enormous benefit until it was time to exchange the house sale proceeds to US dollars.
it has been the custom to list and sell properties in dollars! i assume because of the stability of the dollar opposed to the constant fluctuation of the peso!
the system has it's plus and minuses!
example;
 $100,000. usd in the early 2000's was 10/1, $100,000. usd X 10 = 1,000,000. pesos.
today $100,000. usd X 19 = 1,900,000 pesos
if you paid $100,000. usd and it was recorded as 1,000,000 pesos and sold your property for the same amount today at $100,000. or 1,900,000. pesos it looks like you made a gain of 900,000. pesos!
the savvy notarios have charts to help!


i would never buy or sell in pesos, the conversion can be left at the time of the sale to the notarios, for recording purposes!


i have paid and been paid in my real estate transactions almost every way, bank transfers, cashiers checks, personal checks, American title companies, ALL IN USD!


MANY BUYERS AND SELLERS DO NOT REALIZE THAT THE USE OF AN AMERICAN TITLE COMPANY CAN BE USED HERE, FOR THE EARNEST MONIES, AND FINAL DEPOSITS!
IT IS THE SAFEST AND MOST SECURE WAY!

Last edited on Thu Nov 14th, 2019 02:32 pm by