PVREBA is the acronym for Puerto Vallarta Real Estate Buyers' Agents.
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 mainly 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.
Currently, there are approximately 60 real estate agencies serving the greater Puerto Vallarta area, employing close to 300 agents. Historically, the majority of these agents are under educated, poorly trained, and are unlicensed to practice in Mexico.
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.
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.