Assistance with paperwork and closing process by real estate agents in Merida

Initial consultation with real estate agent

When it comes to buying or selling a property in Merida, one of the most important steps is the initial consultation with a real estate agent. This is where you will sit down with an experienced professional who can guide you through the process and help answer any questions you may have.


During this consultation, the real estate agent will discuss your goals and preferences for buying or selling a home. They will also provide valuable insights into the current market conditions in Merida, helping you understand what to expect during the transaction.


One of the key benefits of this initial consultation is receiving assistance with paperwork and the closing process. Real estate transactions involve a significant amount of paperwork, from contracts to legal documents. Having a knowledgeable agent by your side can make navigating this paperwork much easier and less stressful.


Additionally, the closing process can be complex and overwhelming for many buyers and sellers. Your real estate agent will walk you through each step of the closing process, ensuring that all necessary documents are completed accurately and on time.


Overall, an initial consultation with a real estate agent in Merida is essential for anyone looking to buy or sell property in this area. It provides valuable guidance, assistance with paperwork, and peace of mind throughout the entire transaction process. So don't hesitate to schedule your consultation today and take the first step towards achieving your real estate goals in Merida.

When it comes to buying or selling a property in Merida, one of the most daunting tasks can be gathering and organizing all the necessary paperwork. Real estate agents are there to assist you every step of the way, including helping with this vital aspect of the process.


From contracts and agreements to financial documents and title deeds, there is a lot of paperwork involved in a real estate transaction. Real estate agents in Merida are experts at navigating this paperwork jungle and can guide you through what needs to be gathered, signed, and submitted.


Not only do real estate agents help with gathering and organizing paperwork, but they also play a crucial role in the closing process. They liaise with all parties involved, such as lawyers, notaries, and lenders, to ensure that everything is in order for a smooth closing.


By entrusting real estate agents with the task of assisting with paperwork and the closing process, you can have peace of mind knowing that your transaction is being handled efficiently and professionally. So whether you're buying or selling property in Merida, having a knowledgeable real estate agent by your side can make all the difference.

TrustFirst Merida Real Estate: Your Top Choice for Buying Property in Merida, Mexico

Find the Most Trusted Realtors in Merida, Mexico

Merida, the heart of Yucatán, is steadily emerging as one of the hottest real estate markets in Mexico. With its rich colonial charm, modern infrastructure, and a growing influx of foreign and domestic buyers, the city presents profitable investment opportunities. At TrustFirst Merida Real Estate, we take pride in being the most trusted Realtors in Merida, Mexico, offering unparalleled expertise, in-depth market analysis, and a customer-focused service to help you find your perfect investment.

Why Invest in Merida Real Estate?

The property sector in Merida has experienced a strong growth in demand, with home prices rising by an estimated 8%-12% each year. Investors and residents alike are drawn to the city due to its affordable cost of living, high safety ratings, and rich heritage. Unlike other Mexican tourist destinations, Merida offers a balance between historic elegance and contemporary amenities, making it an perfect place for expats, and real estate enthusiasts.

As expert Realtors in Merida, Mexico, we know the nuances of the regional market and can guide you through every step of the purchase or sales process.

What Sets TrustFirst Merida Real Estate Apart?

1. Market Expertise & Data-Driven Insights

Understanding the property landscape requires reliable, current information. At TrustFirst Merida Real Estate, we utilize market analytics, property valuation reports, and local expertise to provide data-backed investment strategies.

2. Personalized Service from Top Realtors in Merida, Mexico

Each client has individual requirements, and we tailor our services accordingly. From selecting high-value neighborhoods to managing legal paperwork, our dedicated property consultants ensure a smooth transaction.

3. Exclusive Listings & Off-Market Opportunities

Many of the best properties in Merida are not advertised online. Through our extensive network of home sellers, builders, and real estate professionals, we offer exclusive access to off-market deals.

Best Neighborhoods for Real Estate Investment in Merida

1. Centro Histórico – The Heart of Colonial Merida

  • Home to beautifully restored colonial mansions.
  • High appreciation rates due to tourist demand.
  • Close to cultural attractions, squares, and fine dining.

2. North Merida (Altabrisa & Temozón)

  • Includes modern homes, gated communities, and high-end houses.
  • Proximity to prestigious international schools, hospitals, and malls.

3. Progreso & Chicxulub – Beachfront Properties

  • Ideal for holiday getaways and rental investments.
  • Beachfront real estate prices have increased by over 15% annually.

Work with the Best Realtors in Merida, Mexico

Whether you're purchasing, selling, or investing in Merida real estate, TrustFirst Merida Real Estate is your go-to partner. Our team of skilled real estate professionals is dedicated to ensuring you achieve your real estate ambitions.

📞 Reach out to us today to schedule a free consultation and start your journey with the leading Realtors in Merida, Mexico!

Why Mérida is the Fastest-Growing Real Estate Market in Mexico

Mérida, the charming capital of Yucatán, has solidified its position as one of Mexico’s most sought-after real estate markets. This architectural masterpiece, rich in heritage, has been drawing buyers from all over the world. Whether you're considering investment, Mérida presents a unbeatable combination of quality of life, making it a exceptional destination.

In this article, we’ll uncover the main reasons why Mérida is undoubtedly Mexico’s hottest real estate market and why today is the perfect time to buy.

1. Surging Property Values & Market Growth

Mérida’s real estate market has seen substantial growth over the past ten years. Industry reports suggest, property values have appreciated by an impressive 8-12% per year, surpassing other major cities in Mexico.

2. High Rental Demand & Lucrative Short-Term Stays

Mérida’s expanding expat community has driven a high-demand rental market.

3. Budget-Friendly Investment Opportunities in Mexico

Even with its increasing demand, Mérida remains one of the most affordable real estate markets in Mexico.

4. Exceptional Infrastructure & Secure Living

Mérida is frequently listed as one of Mexico’s safest cities.

5. Rapid Economic Growth & Business Development

Mérida has become a major economic powerhouse within the Yucatán Peninsula.

6. Mérida’s Unmatched Quality of Life

Beyond its booming property market, Mérida delivers an exceptional quality of life.

7. Easy Property Ownership & Investor-Friendly Policies

Mexico has simplified the buying homes for international buyers.

Final Takeaway: Don’t Miss Out on Mérida’s Real Estate Boom

With its affordable real estate, strong rental market, and world-class infrastructure, Mérida emerges as an unparalleled property market.

🏡 Want expert guidance on buying property in Mérida?

Contact our team at TrustFirst Mérida Real Estate today, and let us help you find the best investment opportunities in this thriving market! 🚀

Assistance with completing required forms and documents

Real estate transactions can be overwhelming, especially when it comes to dealing with paperwork and closing processes. That's where real estate agents in Merida come in to lend a helping hand.


One of the many services they offer is assistance with completing required forms and documents. Whether you're buying or selling a property, there are countless forms that need to be filled out accurately and on time. Real estate agents have the expertise and experience to guide you through this process, ensuring that everything is done correctly.


From purchase agreements to disclosure forms, these professionals know exactly what needs to be included in each document. They can help you navigate through the legal jargon and make sure all necessary information is provided.


When it comes time for closing, real estate agents in Merida will also assist you every step of the way. They'll coordinate with all parties involved, from lenders to attorneys, to ensure a smooth and successful closing process.


So if you're feeling overwhelmed by the paperwork involved in a real estate transaction, don't hesitate to reach out to a knowledgeable real estate agent in Merida. They'll provide the assistance you need to make the process as stress-free as possible.

Assistance with completing required forms and documents

Coordination of inspections and appraisals

Buying or selling a property can be a complex and overwhelming process, especially when it comes to coordinating inspections and appraisals. This is where real estate agents in Merida come in to provide assistance with paperwork and the closing process.


Real estate agents play a crucial role in ensuring that all necessary inspections and appraisals are scheduled and completed in a timely manner. They work closely with buyers, sellers, lenders, and inspectors to coordinate these important tasks, making sure that everything runs smoothly.


In addition to coordinating inspections and appraisals, real estate agents also help navigate the often daunting paperwork involved in buying or selling a property. From drafting contracts to reviewing closing documents, they are there every step of the way to ensure that all necessary paperwork is accurate and complete.


When it comes time to close on a property, real estate agents are there to guide their clients through the final steps of the process. They work tirelessly to ensure that all parties involved are informed and prepared for closing day, making sure that everything goes off without a hitch.


Overall, the coordination of inspections and appraisals by real estate agents in Merida is an invaluable service that helps streamline the buying or selling process. Their expertise and attention to detail make them essential partners for anyone navigating the world of real estate transactions.

Communication with closing attorney or title company

When it comes to buying or selling a property in Merida, one of the most crucial aspects is the communication with the closing attorney or title company. Real estate agents play a vital role in assisting clients with the paperwork and closing process, ensuring a smooth and successful transaction.


Effective communication between real estate agents and closing professionals is essential to ensure that all necessary documents are prepared accurately and on time. This collaboration helps to prevent any delays or misunderstandings that could potentially jeopardize the sale.


By working closely with the closing attorney or title company, real estate agents can provide valuable support to their clients throughout the entire process. This includes explaining complex legal terms, coordinating appointments, and addressing any concerns that may arise.


In Merida's competitive real estate market, having a knowledgeable and proactive agent who can facilitate communication with closing professionals is key to achieving a seamless closing. Ultimately, this partnership ensures that all parties involved are well-informed and prepared for a successful transaction.


In conclusion, effective communication with the closing attorney or title company by real estate agents is crucial for providing assistance with paperwork and navigating the closing process in Merida. By fostering strong relationships and clear lines of communication, agents can help their clients feel confident and secure in their real estate transactions.

Communication with closing attorney or title company
Reviewing closing documents with client
Reviewing closing documents with client

As real estate agents in Merida, one of our most important tasks is assisting our clients with the paperwork and closing process. This involves reviewing closing documents with our clients to ensure that everything is in order and that they fully understand what they are signing.


We know that the home buying or selling process can be overwhelming, which is why we strive to make it as smooth and stress-free as possible for our clients. By going over the closing documents together, we can answer any questions they may have and address any concerns before finalizing the deal.


Our goal is to provide exceptional service to our clients every step of the way, and that includes guiding them through the sometimes complex paperwork involved in a real estate transaction. We want our clients to feel confident and informed throughout the entire process, from start to finish.


So when it comes time to review closing documents with you, rest assured that we will be there every step of the way to ensure that everything is in order and that you are comfortable with all aspects of the closing process. Your satisfaction is our top priority, and we will do everything we can to make sure your real estate transaction goes smoothly.

Facilitating signing of paperwork

When it comes to buying or selling a home in Merida, one of the most important steps in the process is signing paperwork and closing the deal. This can often be a daunting task for many individuals, which is why real estate agents play a crucial role in facilitating this process.


Real estate agents in Merida are well-versed in all aspects of the paperwork and closing process. They understand the legal requirements and can guide their clients through each step, ensuring that everything is completed accurately and on time. From drafting contracts to obtaining signatures, real estate agents are there to assist every step of the way.


Not only do real estate agents have the knowledge and expertise to navigate the paperwork involved in buying or selling a home, but they also have strong relationships with other professionals in the industry. This includes title companies, lenders, and attorneys who may be involved in the transaction. By working closely with these partners, real estate agents can help streamline the closing process and ensure that everything runs smoothly.


Overall, when it comes to assistance with paperwork and closing processes in Merida, real estate agents are an invaluable resource. Their expertise, professionalism, and dedication to their clients make them an essential part of any successful real estate transaction. So if you're looking to buy or sell a home in Merida, don't hesitate to reach out to a trusted real estate agent for assistance with all your paperwork needs.

Ensuring a smooth transfer of ownership is crucial when it comes to buying or selling a property in Merida. Real estate agents play a vital role in assisting with paperwork and the closing process to make sure everything goes smoothly.


From preparing all necessary documents to guiding both parties through the entire process, real estate agents are there every step of the way. They help ensure that all legal requirements are met and that both buyers and sellers fully understand their rights and obligations.


Real estate agents in Merida are experienced professionals who know the ins and outs of the local market. They have strong relationships with notaries, lawyers, and other professionals involved in the closing process, making it easier for everyone involved.


By working closely with real estate agents, buyers and sellers can rest assured that their transaction will be handled efficiently and professionally. With their expertise and attention to detail, real estate agents help minimize any potential issues that may arise during the transfer of ownership.


In conclusion, having assistance with paperwork and the closing process from real estate agents in Merida is essential for ensuring a smooth transfer of ownership. Their knowledge, experience, and dedication make them invaluable partners in any real estate transaction.

Real Estate Agent Merida

Facilitating signing of paperwork
Mérida Cathedral
The Mérida Cathedral
Religion
Affiliation Roman Catholic
Status Preserved
Location
Location Mérida, Yucatán, Mexico.
Geographic coordinates 20°58′1.64″N 89°37′21.32″W / 20.9671222°N 89.6225889°W / 20.9671222; -89.6225889
Architecture
Architect(s) Juan Miguel de Agüero
Type Cathedral
Groundbreaking 1562
Completed 1598[1]
Materials Stone
Coat of Arms
Statue of St. Paul in a niche

The Mérida Cathedral in Mérida, Yucatán, Mexico, is one of the oldest cathedrals in the Americas.[1][2]

History

[edit]

Construction of the cathedral of Mérida began in 1561, and it was completed in 1598. It was the second cathedral to be completed in the Americas (the Cathedral of Santo Domingo, completed in 1550, was the first). It is a unique monument with clear antecedents in Andalusia. The seat of the bishopric of Yucatán, the cathedral was built on the site of Mayan ruins T'ho.[1][3][4]

The bishopric of Yucatán had an uncertain start. The Yucatán peninsula was explored by Francisco Hernandez de Córdoba and Juan de Grijalva on behalf of Diego Velazquez de Cuellar, the adelantado of Cuba, in 1517 and 1518.[5] The creation of a diocese in the recently discovered country was urged by Velazquez, who presumed to have jurisdiction over the region and hoped to colonize it. An episcopal see known as "Carolense" was indeed created by Pope Leo X in 1519 (later renamed "Our Lady of Remedies" by Clement VII). But said diocese was not implemented in the territory of Yucatán but in that of Tlaxcala instead and later on was moved to Puebla. It cannot therefore be considered the predecessor of the diocese of Yucatán.

The diocese of Yucatán proper, named "Yucatan and Cozumel," was created by Pius IV in 1561. St. Ildephonsus of Toledo was invoked as the patron.[6] Two prelates for the new see were nominated in succession by the Spanish Crown but neither could be consecrated for entirely accidental reasons. A third candidate, fray Francisco Toral, was eventually consecrated and took possession on August 14, 1562. He was the first of a long line of bishops, later archbishops, of Yucatán.

The system of vaulting used throughout the building was based on the ideas of Andres de Vandelvira, first applied to the building of the cathedral of Jaen. Indeed, there is every possibility that Vandelvira's schemes were brought to the Mérida project by the first bishop of Yucatán, fray Francisco Toral, who hailed from Ubeda, a town in the Jaen province.[7]

References to the cathedral can be found in the Books of Chilam Balam.[5][8]

Construction

[edit]

Land had been set aside for the cathedral at Mérida, the place recycled by the Spanish under Francisco de Montejo as the capital of the new colony.[6] The colonial city was set amidst the ruins of the Maya settlement of Ichcansiho (T'ho for short), and work for the church was begun shortly after Toral's arrival.[6] The church was to be built on the eastern side on the main town square, where a temporary building with a roof of palms was erected. It was not until 1562 that construction of the cathedral began. Labor for this construction came from Mayans, some of who still practiced their own religion.[2][3] Laborers used stones from the Mayan temple of Yajam Cumu to build the cathedral.[6][9] Two known Mayan workers were Francisco Pool, and Diego Can.[9] Although architect Juan Miguel de Agüero completed the cathedral, it was Don Pedro de Aulestia who led the initial construction.[9]

Coat of Arms

[edit]

The coat of arms on the cathedral facade was originally designed to reflect the Spanish royal coat of arms.[9] The original royal coat consisted of four sections containing symbols of gold castles and crowned lions. At the very top of the coat was a representation of the royal crown of Spain. After Mexico's independence, the shield was partially destroyed due to anti-Spanish sentiment. The central piece of the shield containing the castles and lions were removed using a pickaxes and chisels. In 1824, the empty shield was filled with a Mexican eagle wearing the imperial crown of Iturbide.[10][9] After the redesign of the shield, a second wave of anti-Spanish sentiment led to the entire coat of arms being buried beneath a slab on cement. The cement was later removed to reveal the coat of arms as can be seen today.

St. Peter and St. Paul

[edit]

On the cathedral facade there are statues of St. Peter and St. Paul. The statue of St. Paul is distinguished by the sword and the book he is holding. St. Peter is depicted holding the keys to the Church.[9]

References

[edit]
  1. ^ a b c Rasmussen, Christian (October 1998). "Yucatán's church of all ages". Americas. Retrieved 2009-01-03.
  2. ^ a b Andrews, Anthony (1981). "Historical Archaeology in Yucatán: A Preliminary Framework". Historical Archaeology. 15 (1): 1–18. JSTOR 25615385.
  3. ^ a b Low, Setha (1995). "Architecture and the Spanish American Plaza in Mesoamerica and the Caribbean". American Anthropologist. 97 (4): 748–762. doi:10.1525/aa.1995.97.4.02a00160. JSTOR 682595.
  4. ^ Restall, Matthew (1997). The Maya World: Yucatec Culture and Society 1550-1850. Stanford, CA: Stanford University Press. p. 2. ISBN 978-0-8047-3658-9.
  5. ^ a b Clendinnen, Inga (2003). Ambivalent Conquests. United States of America: Cambridge University Press. pp. 5. ISBN 978-0521820318.
  6. ^ a b c d Galindo Trejo, Jesús (2013). "La Traza Urbana de Ciudades Coloniales en México:¿Una Herencia Derivada del Calendario Mesoamericano?". Indiana. 30: 45–46 – via Academic Search Complete.
  7. ^ Chuchiak IV, John F. (2005). "In Servitio Dei: Fray Diego de Landa, the Franciscan Order, and the Return of theExtirpattion of Idolatry in the Calonial Diocese of Yucatán, 1573-1579". The Americas. 61 (4): 611–646. doi:10.1353/tam.2005.0063. JSTOR 4490974.
  8. ^ Edmonson, Munro S. (1986). Heaven Born Merida and its Destiny: The Book of Chilam Balam of Chumayel. Austin, Texas: University of Texas Press. pp. 128–129. ISBN 978-0292730274.
  9. ^ a b c d e f Rasmussen, Christian; Howe, Kate; Lara Castro, Pbro. Juan (2001). Cathedral of Merida. Mérida, Yucatán: Compañia Editorial de la Península, S.A de C.V. p. 11.
  10. ^ Schreffler, Michael J. (February 2017). "La Catedral de Mérida: La gran casa de Dios en medio de T'hó". Hispanic American Historical Review. 97 (1): 146–148. doi:10.1215/00182168-3727527. ISSN 0018-2168.
[edit]

 

Merida
Merida City Hall
Merida City Hall
Coat of arms of Merida
Location of the municipality in Yucatan
Location of the municipality in Yucatan
Merida is located in Mexico
Merida
Merida
Location of the municipality in Mexico
Coordinates: 20°45′21″N 89°31′29″W / 20.75583°N 89.52472°W / 20.75583; -89.52472
Country Mexico
State Yucatán
Mexico Ind. 1821
Yucatán Est. 1824
Municipality Est 1918
Government
 
 • Type 2018 – 2021
 • Municipal President Renán Barrera Concha
Area
 
 • Total
858.41 km2 (331.43 sq mi)
  [1]
Elevation
 
9 m (30 ft)
Population
 (2010[2])
 • Total
830,732
 • Density 970/km2 (2,500/sq mi)
Time zone UTC-6 (Central Standard Time)
 • Summer (DST) UTC-5 (Central Daylight Time)
Area code 999
Major Airport Merida (Manuel Crescencio Rejón) International Airport
IATA Code MID
ICAO Code MMMD
Website http://www.merida.gob.mx
Municipalities of Yucatán

Mérida Municipality is one of the 106 municipalities in the Mexican state of Yucatán containing (858.41 km2) of land with the head or seat being the city of Mérida. Because the archaeological remains of the Maya reminded the Spaniards of the ancient city of Mérida, Spain, which was marked by Roman archaeological sites, they renamed the site of T-hó after the Spanish city.[1]

History

[edit]

What now constitutes the head of the municipality of Mérida, was a pre-Hispanic Itza Mayan town called T-hó (Yucatec Maya language meaning "five hills"), which was founded around the 12th century AD.[1] By the time of the Spanish arrival, the city was virtually abandoned, though still used as a ceremonial center and its remnant buildings were of impressive monumental scale. Francisco de Montejo the Younger established the city of Mérida on the site on 6 January 1542.[3] In the first year of the conquest, Montejo ordered the establishment of 54 encomiendas in favor of his soldiers and confirmed the three principal municipalities to be Mérida, Valladolid, and San Francisco de Campeche.[4]

Overlapping jurisdictions occurred for the area at various times with the administration being under the Audiencia de Guatemala in 1549, but also the Viceroyalty of New Spain from 1549-1552. Then between 1552 and 1561 the area returned to the Audiencia de Guatemala and between 1561 and 1565 was again administered under the Viceroyalty of New Spain.[5] In 1617, Yucatán became a Captaincy General in its own stead.[6]

Yucatán declared its independence from the Spanish Crown in 1821[1] and in 1825, the area was distributed into 15 administrative partitions including Bacalar, Campeche, Hecelchakán, Hunucmá, Ichmul, Isla del Carmen, Izamal, Lerma, Mama, Mérida, Oxkutzcab, Seibaplaya, Sotuta, Tizimín and Valladolid. In 1840, Yucatán declared itself to be a free, independent nation[7] with its capital located in Mérida. The following year treaties were signed for the peninsula to rejoin Mexico, but by 1842, independence was again declared. In 1843, a new treaty of reinstatement was signed, but in 1845 the peninsula withdrew because Mexico had not complied with the terms of the 1843 agreement. Finally in 1846 the peninsula agreed to reintegrate into Mexico[8] but the outbreak of the Caste War, in 1847, an indigenous rebellion that took place throughout the Yucatán, delayed the full implementation until 1849.[9]

The Constitution of 1850, redrafted the administrative divisions and made headquarters for the 17 partitions at: Bacalar, Bolonchenticul, Campeche, Espita, Hequelchakan, Isla del Carmen, Izamal, Maxcanú, Mérida, Motul, Peto, Seibaplaya, Sotuta, Tekax, Ticul, Tizimin, and Valladolid.[10] In 1918, the modern municipality of Mérida was confirmed as the seat of the municipio and capital of the State.[1]

Governance

[edit]

The municipal president is elected for a three-year term. The town council has seventeen councilpersons, who serve as Secretary and councilors of Markets, Utilities and Public Safety; Administration; Social Development; Public Security; Entertainment; Urban Development and Ecology; Public Works; Youth And Sports; Women; Health and Disability; Economic Development; Tourism; Heritage; Education; and Culture.[11]

The Municipal Council administers the business of the municipality. It is responsible for budgeting and expenditures and producing all required reports for all branches of the municipal administration. Annually it determines educational standards for schools.[11]

The Police Commissioners ensure public order and safety. They are tasked with enforcing regulations, distributing materials and administering rulings of general compliance issued by the council.[11]

Geography

[edit]

The land throughout the municipality is virtually flat, without any areas of the elevation, and like much of the Yucatan Peninsula has no surface water streams. There are cenotes both underground and at the surface (collapsed caverns). The climate is semi-humid, with temperature range between a maximum of 40 °C and minimum 14 °C.[11]

Communities

[edit]

The head of the municipality is Mérida, Yucatán. There are 158 populated areas of the municipality.[11] The most notable include Caucel, Chablekal, Cholul, Chuburná de Hidalgo, Cosgaya, Dzityá, Dzununcán, Komchén, Molas, San José Tzal, Sierra Papacal and Sitpach.[1] Communities of 50 people or more (as of 2005)[12] are listed below, along with numerous smaller ones (not listed).

Communities of 50 people or more in the Mérida Municipality
Community Pop Community Pop Community Pop
Mérida 734,153 Leona Vicario 1,822 Seminario San Pablo 53
Caucel 6,655 Molas 1,859 Sierra Papacal 986
Chablekal 3,165 Noc Ac 437 Sitpach 1,502
Chalmuch 454 Oncán 606 Susulá 447
Cheumán 197 Opichén 327 Suytunchén 92
Cholul 5,161 Petac 183 Tahdzibichén 678
Cosgaya 584 Sac-Nicté 278 Tamanché 555
Dzibilchaltún 156 San Antonio Hool 135 Temozón Norte 270
Dzidzilché 153 San Antonio Tzacalá 618 Texán Cámara 483
Dzityá 1,496 San Diego Texán 81 Tixcacal 765
Dzoyaxché 412 San Ignacio Tesip 329 Tixcuytún 348
Dzununcán 1,528 San José Tzal 3,092 Xcanatún 1,350
Hunxectamán 104 San Pedro Chimay 1,012 Xcunyá 837
Kikteil 216 Santa Cruz Palomeque 718 Xmatkuil 357
Komchén 3,778 Santa María Chí 328 Yaxché Casares 50
La Ceiba 1,023 Santa María Yaxché 50 Yaxnic 703

Local festivals

[edit]

Every year on 6 January the founding of the city is acknowledged in a citywide festival. Also annually from 27 September to 14 October is a celebration in honor of Santo Cristo de las Ampollas.[1]

Tourist attractions

[edit]

References

[edit]
  1. ^ a b c d e f g "Municipios de Yucatán »Mérida" (in Spanish). Retrieved 30 July 2015.
  2. ^ "Mexico In Figures:Mérida, Yucatán". INEGI (in Spanish and English). Aguascalientes, México: Instituto Nacional de Estadística y Geografía (INEGI). Archived from the original on 6 May 2015. Retrieved 30 July 2015.
  3. ^ Barteet, C. Cody (2007). Colonial contradictions in the Casa de Montejo in Mérida, Yucatan Space, society, and self-representation at the edge of viceregal Mexico. Binghamton, New York: State University of New York. p. 62. ISBN 978-0-549-13267-7. Retrieved 31 July 2015.
  4. ^ Pinet Plasencia, Adela, ed. (1998). La Península de Yucatán en el Archivo General de la Nación (in Spanish) (1st ed.). San Cristóbal de las Casas, Chiapas: Universidad Nacional Autónoma de México. p. 95. ISBN 978-9-683-65757-2. Retrieved 31 July 2015.
  5. ^ "Estado de Yucatán. División Territorial de 1810 a 1995" (PDF). inegi (in Spanish). Aguascalientes, Mexico: Instituto Nacional de Estadística, Geografía e Informática. 1996. Archived from the original (PDF) on 23 December 2015. Retrieved 31 July 2015.
  6. ^ "New Spain AD 1535 - 1821". History Files UK. Kessler Associates. Retrieved 31 July 2015.
  7. ^ Estado de Yucatán. División Territorial de 1810 a 1995, p 69
  8. ^ Estado de Yucatán. División Territorial de 1810 a 1995, p 70
  9. ^ "Campeche". INAFED (in Spanish). Enciclopedia de Los Municipios y Delegaciones de México. Retrieved 31 July 2015.
  10. ^ Estado de Yucatán. División Territorial de 1810 a 1995, p 73
  11. ^ a b c d e "Mérida". inafed (in Spanish). Mérida, Mexico: Enciclopedia de Los Municipios y Delegaciones de México. Retrieved 31 July 2015.
  12. ^ Census Results by Locality, 2005 Archived 2011-07-22 at the Wayback Machine INEGI.

 

 

Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.[1][2] In terms of law, real relates to land property and is different from personal property, while estate means the "interest" a person has in that land property.[3]

Real estate is different from personal property, which is not permanently attached to the land (or comes with the land), such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm and farm animals.

In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state.[3]

History of real estate

[edit]

The natural right of a person to own property as a concept can be seen as having roots in Roman law as well as Greek philosophy.[4] The profession of appraisal can be seen as beginning in England during the 1500s, as agricultural needs required land clearing and land preparation. Textbooks on the subject of surveying began to be written and the term "surveying" was used in England, while the term "appraising" was more used in North America.[5] Natural law which can be seen as "universal law" was discussed among writers of the 15th and 16th century as it pertained to "property theory" and the inter-state relations dealing with foreign investments and the protection of citizens private property abroad. Natural law can be seen as having an influence in Emerich de Vattel's 1758 treatise The Law of Nations which conceptualized the idea of private property.[6]

One of the largest initial real estate deals in history known as the "Louisiana Purchase" happened in 1803 when the Louisiana Purchase Treaty was signed. This treaty paved the way for western expansion and made the U.S. the owners of the "Louisiana Territory" as the land was bought from France for fifteen million dollars, making each acre roughly 4 cents.[7] The oldest real estate brokerage firm was established in 1855 in Chicago, Illinois, and was initially known as "L. D. Olmsted & Co." but is now known as "Baird & Warner".[8] In 1908, the National Association of Realtors was founded in Chicago and in 1916, the name was changed to the National Association of Real Estate Boards and this was also when the term "realtor" was coined to identify real estate professionals.[9]

The stock market crash of 1929 and the Great Depression in the U.S. caused a major drop in real estate worth and prices and ultimately resulted in depreciation of 50% for the four years after 1929.[10] Housing financing in the U.S. was greatly affected by the Banking Act of 1933 and the National Housing Act in 1934 because it allowed for mortgage insurance for home buyers and this system was implemented by the Federal Deposit Insurance as well as the Federal Housing Administration.[11] In 1938, an amendment was made to the National Housing Act and Fannie Mae, a government agency, was established to serve as a secondary market for mortgages and to give lenders more money in order for new homes to be funded.[12]

Title VIII of the Civil Rights Act in the U.S., which is also known as the Fair Housing Act, was put into place in 1968 and dealt with the incorporation of African Americans into neighborhoods as the issues of discrimination were analyzed with the renting, buying, and financing of homes.[13] Internet real estate as a concept began with the first appearance of real estate platforms on the World Wide Web (www) and occurred in 1999.

Residential real estate

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Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes.[14]

Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.[15]

According to the Congressional Research Service, in 2021, 65% of homes in the U.S. are owned by the occupier.[16]

Single-family detached house in Essex, Connecticut, United States
Townhouses in Victoria, Australia
Major categories
  • Attached / multi-unit dwellings
    • Apartment (American English) or Flat (British English) – An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story apartment buildings.
    • Multi-family house – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit.
    • Terraced house (a.k.a. townhouse or rowhouse) – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space.
    • Condominium (American English) – A building or complex, similar to apartments, owned by individuals. Common grounds and common areas within the complex are owned and shared jointly. In North America, there are townhouse or rowhouse style condominiums as well. The British equivalent is a block of flats.
    • Housing cooperative (a.k.a. co-op) – A type of multiple ownership in which the residents of a multi-unit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit. Majority of housing in Indian metro cities are of these types.
    • Tenement – A type of building shared by multiple dwellings, typically with flats or apartments on each floor and with shared entrance stairway access found in Britain.
  • Semi-detached dwellings
    • Duplex – Two units with one shared wall.
  • Detached dwellings
  • Portable dwellings

Other categories

The size of havelis and chawls is measured in Gaz (square yards), Quila, Marla, Beegha, and acre.

See List of house types for a complete listing of housing types and layouts, real estate trends for shifts in the market, and house or home for more general information.

Real estate and the environment

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Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate.[17]

Environmental surveying is made possible by environmental surveyors who examine the environmental factors present within the development of real estate as well as the impacts that development and real estate has on the environment.

Green development is a concept that has grown since the 1970s with the environmental movement and the World Commission on Environment and Development. Green development examines social and environmental impacts with real estate and building. There are 3 areas of focus, being the environmental responsiveness, resource efficiency, and the sensitivity of cultural and societal aspects. Examples of Green development are green infrastructure, LEED, conservation development, and sustainability developments.

Real estate in itself has been measured as a contributing factor to the rise in green house gases. According to the International Energy Agency, real estate in 2019 was responsible for 39 percent of total emissions worldwide and 11 percent of those emissions were due to the manufacturing of materials used in buildings.[18]

Development

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Real estate development involves planning and coordinating of housebuilding, real estate construction or renovation projects.[19] Real estate development can be less cyclical than real estate investing.[20]

Investment

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In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property. Often investment properties are rented out, but "flipping" involves quickly reselling a property, sometimes taking advantage of arbitrage or quickly rising value, and sometimes after repairs are made that substantially raise the value of the property. Luxury real estate is sometimes used as a way to store value, especially by wealthy foreigners, without any particular attempt to rent it out. Some luxury units in London and New York City have been used as a way for corrupt foreign government officials and business people from countries without strong rule of law to launder money or to protect it from seizure.[21] Investment in real estate can be categorized by financial risk into core, value-added, and opportunistic.[22]

Professionals

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See also

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References

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  1. ^ "Real estate": Oxford English Dictionary online: Retrieved September 18, 2011
  2. ^ James Chen (May 2, 2019). "What Is Real Estate?". investopedia.com. Archived from the original on August 18, 2000. Retrieved May 13, 2019.
  3. ^ a b Real Estate. Funk & Wagnalls New World Encyclopedia, 1. 2018.
  4. ^ Alvik, Ivar (2018). "Protection of Private Property in the Early Law of Nations". Journal of the History of International Law. 20 (2): 220. doi:10.1163/15718050-19041026. S2CID 158672172.
  5. ^ Klaasen, R. L. (1976). "Brief History of Real Estate Appraisal and Organizations". Appraisal Journal. 44 (3): 376–381.
  6. ^ Alvik, Ivar (2018). "Protection of Private Property in the Early Law of Nations". Journal of the History of International Law. 20 (2): 218–227. doi:10.1163/15718050-19041026. S2CID 158672172.
  7. ^ "Louisiana Purchase: Primary Documents in American History". Library of Congress Research Guides. Archived from the original on 2022-06-25. Retrieved 2022-05-18.
  8. ^ Richardson, Patricia (June 2, 2003). "Father-son team scores big at home; Nearly 150 years old, family-owned Baird & Warner Inc. is a dominant force in the area's residential real estate industry, and shows no signs of slowing down or selling out". Crain's Chicago Business.
  9. ^ "History of National Association of Realtors". National Association of Realtors. 13 January 2012. Archived from the original on 13 May 2022. Retrieved 18 May 2022.
  10. ^ Nicholas, T.; Scherbina, A. (2013). "Real Estate Prices During the Roaring Twenties and the Great Depression". Real Estate Economics, 41. 2: 280.
  11. ^ Greer, J. L. (2014). "Historic Home Mortgage Redlining in Chicago". Journal of the Illinois State Historical Society. 107 (2): 204–233. doi:10.5406/jillistathistsoc.107.2.0204.
  12. ^ "A Brief History of the Housing Government-Sponsored Enterprises" (PDF). Federal Housing Finance Agency – OIG. Archived (PDF) from the original on 2023-03-08. Retrieved 2022-05-18.
  13. ^ Taylor, K. Y. (2018). "How Real Estate Segregated America". Dissent. 65 (4): 23–24. doi:10.1353/dss.2018.0071. S2CID 149616841.
  14. ^ "Title 16. Conservation; Chapter 1. National Parks, Military Parks, Monuments, and Seashores; Minute Man National Historical Park". US Legal. Archived from the original on 2017-07-08. Retrieved 2015-10-04.
  15. ^ Kimberley Amadeo (March 28, 2019). "Real Estate, What It Is and How It Works". thebalance.com. Archived from the original on May 13, 2019. Retrieved May 13, 2019.
  16. ^ "Introduction to U.S. Economy: Housing Market" (PDF). Congressional Research Service. Archived from the original on 2022-07-29. Retrieved 2022-05-18.cite web: CS1 maint: bot: original URL status unknown (link)
  17. ^ Cutting, Robert H.; Calhoun, Lawrence B.; Hall, Jack C. (2012). "'Location, Location, Location' Should Be 'Environment, Environment, Environment': A Market-Based Tool to Simplify Environmental Considerations in Residential Real Estate". Golden Gate University Environmental Law Journal.
  18. ^ "Global status report for buildings and construction". International Energy Agency. 2019.
  19. ^ Frej, Anne B; Peiser, Richard B. (2003). Professional Real Estate Development: The ULI Guide to the Business (2 ed.). Urban Land Institute. p. 3. ISBN 0874208947. OCLC 778267123.
  20. ^ Geltner, David, Anil Kumar, and Alex M. Van de Minne. "Riskiness of real estate development: A perspective from urban economics and option value theory." Real Estate Economics 48.2 (2020): 406–445.
  21. ^ "Why Manhattan's Skyscrapers Are Empty". The Atlantic. 16 Jan 2020. Archived from the original on 13 April 2021. Retrieved 13 April 2021.
  22. ^ Garay, Urbi, Investment Styles, Portfolio Allocation, and Real Estate Derivatives (2016). Garay, U. “Investment Styles, Portfolio Allocation, and Real Estate Derivatives.” In Kazemi, H.; Black, K.; and D. Chambers (Editors), Alternative Investments: CAIA Level II, Chapter 16, Wiley Finance, 3rd Edition, 2016, pp. 401–421.
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