What is PVREBA? PVREBA is the
acronym for Puerto Vallarta Real Estate Buyers' Agents. As the name
implies, PVREBA is a real estate company serving the greater Puerto
Vallarta area, catering exclusively to North American buyers. PVREBA
possesses a business plan and model long overdue in Puerto Vallarta
with a Mission Statement that
details a three pronged approach to building the business while
providing a sorely needed service to retiring North Americans interested
in evaluating the various retirement opportunities that lie in Paradise,
south of the border.
Why PVREBA? The area in and around
Puerto Vallarta has experienced exponential growth during the past
decade as clearly revealed in What's
Going on South of the Border?. The future ten year building
plan, as presented by Fonatur,
the Mexican National Tourism Development Foundation, indicates perhaps
another 50% increase in population growth in the greater Vallarta
area during the next decade. Currently, there are approximately
80 real estate agencies serving the greater Puerto Vallarta area,
employing close to 500 agents. Historically, the majority of these
agents are under educated, poorly trained, and are unlicensed to
practice in Mexico. These agents concentrate most of their attention
and effort on obtaining new listings and consequently, upon receipt of a listing, they should have their loyalty and dedication directed in
the best interest of the property seller, to whom they contractually
owe their fiduciary duty. Virtually none of the other agencies in
Vallarta are exclusively representing the buyer. Because they are
listing agencies and the Mexican real estate market has been booming,
there has been little effort in locating buyers. For the most part,
they obtain the listing and merely wait for a buyer to walk in or
be brought in by another listing agent that was unable to sell one
of his own listings. PVREBA has taken a revolutionary approach to
the real estate market in Vallarta by exclusively serving the buyer.
In order to do so, we first tell the Vallarta story through a series
of interesting and enlightening articles
about Puerto Vallarta and giving presentations in the US and Canada
designed to dispel any misconceptions about living in Mexico and
to highlight the dramatic changes taking place south of the border.
Secondly, we introduce the buyers to Vallarta and show them the
properties that meet their specific objectives and budgets and finally,
we assist the buyers through the purchasing process with 100% loyalty
and dedication. With PVREBA working exclusively on the buyer's behalf,
there can never be a conflict of interest.
What are PVREBA Plans? PVREBA
is currently affiliated with the National
Association of Exclusive Buyers Agents (NAEBA) and with the
Real Estate Buyers Agent
Council (REBAC). We also have a GEMS membership in the National
Association or Realtors (NAR) and hold Transnational Referral Certification
(TRC) with the International
Consortium of Real Estate Associations (ICREA). In all probability,
we will join Asociacion
Mexicana de Profesionales Inmobiliarios (AMPI), the voluntary
association of Mexican realtors, during the next twelve months.
PVREBA currently has its main office near El Centro,
the downtown area of Vallarta, and has plans for a second office
in the Sayulita area. The main office and future offices are and will be staffed only with well
educated and experienced professionals as the demand dictates.
Who is PVREBA? PVREBA was founded by Jim Scherrer,
a retired entrepreneur from Houston with an engineering degree and
business background. He was a co-founder of a Houston based manufacturers'
representative firm almost 30 years ago which continues to thrive
as an ongoing concern. In 1980, he founded another manufacturers'
representative firm and a construction company in Houston, which
is now a substantial division of a Fortune 200 company. Jim has
bought and sold real estate in Puerto Vallarta for more than quarter
a century and has made Vallarta his permanent residence for over
thirteen years. He recognized an obvious need for a real estate firm
in Puerto Vallarta that would function exclusively in the best interest
of foreign buyers. Those associated with PVREBA have extensive knowledge
of the area, a thorough understanding of the local real estate market,
many close relationships with the appropriate professionals including
lawyers, notarios, mortgage bankers, escrow agents, property inspectors,
etc., and are very familiar with the other realtors and their listings.
Most importantly, we all have a common objective; to share the wonderful
experience of living in Paradise with fellow North American retirees
as discussed in Retire
to Where and do What?.