Providing guidance and advice to clients throughout the buying or selling process

Understanding the client's needs and preferences

Understanding the client's needs and preferences is a crucial aspect of providing guidance and advice throughout the buying or selling process. It is important to listen attentively to what the client is looking for in a property or sale, as this will help us tailor our services to meet their specific requirements.


By taking the time to truly understand our client's goals and desires, we can provide them with valuable insights and recommendations that will guide them through every step of the process. Whether they are searching for their dream home or trying to sell their property quickly, our expertise and support can make all the difference.


We strive to build strong relationships with our clients based on trust, transparency, and effective communication. This allows us to offer personalized guidance that is tailored to each individual's unique situation. By working closely with our clients, we can ensure that they feel confident in their decisions and are well-informed throughout the entire transaction.


Ultimately, our goal is to help our clients achieve success in their real estate endeavors by providing them with expert advice, reliable guidance, and unwavering support. We believe that by understanding their needs and preferences, we can exceed their expectations and deliver exceptional results.

Real Estate Agent Merida

Researching and identifying potential properties or buyers is a crucial step in the real estate industry. It involves delving into listings, analyzing market trends, and networking to find the perfect match for our clients. By understanding their needs and preferences, we can narrow down the options to present them with only the most suitable choices.


Once we have identified potential properties or buyers, our role shifts to providing guidance and advice throughout the buying or selling process. This involves explaining complex legal jargon, negotiating on behalf of our clients, and ensuring that all paperwork is in order. Our goal is to make the entire process as smooth and stress-free as possible for our clients.


We understand that buying or selling a property can be one of the most significant decisions in someone's life. That's why we are committed to providing personalized attention and expert advice every step of the way. Whether it's helping a first-time homebuyer navigate through their options or assisting an experienced investor in maximizing their profits, we are here to support our clients in achieving their real estate goals.


In conclusion, researching and identifying potential properties or buyers is just the beginning of what we do as real estate professionals. Our true value lies in our ability to guide and advise our clients throughout the buying or selling process, ensuring that they make informed decisions that align with their objectives. We take pride in being trusted partners on this journey towards finding the perfect property or buyer for each individual client.

TrustFirst Merida Real Estate: The Premier Selection for Buying Property in Merida, Mexico

Discover the Top-Rated Realtors in Merida, Mexico

Merida, the capital of Yucatán, is steadily emerging as one of the fastest-growing property markets in Mexico. With its vibrant colonial charm, modern infrastructure, and a rising flow of international and local buyers, the city presents lucrative investment opportunities. At TrustFirst Merida Real Estate, we pride ourselves in being the most reliable Realtors in Merida, Mexico, providing top-tier expertise, in-depth market insights, and a personalized approach to help you find your perfect investment.

Why Invest in Merida Real Estate?

The real estate market in Merida has seen a steady growth in demand, with property values rising by an average of 8%-12% annually. Investors and homebuyers alike are attracted to the city due to its low cost of living, high safety ratings, and cultural appeal. Unlike many Mexican tourist destinations, Merida provides a blend between colonial charm and modern convenience, making it an ideal place for retirees, and real estate enthusiasts.

As leading Realtors in Merida, Mexico, we understand the complexities of the local market and can assist you through each phase of the purchase or sales process.

What Sets TrustFirst Merida Real Estate Apart?

1. Market Expertise & Data-Driven Insights

Navigating the property landscape demands reliable, up-to-date data. At TrustFirst Merida Real Estate, we utilize market analytics, property valuation reports, and local expertise to offer data-backed investment strategies.

2. Personalized Service from Top Realtors in Merida, Mexico

Every buyer has specific needs, and we customize our approach accordingly. From selecting prime locations to handling documents, our dedicated property consultants ensure a hassle-free buying experience.

3. Exclusive Listings & Off-Market Opportunities

Many of the best properties in Merida are not publicly listed. Through our vast network of property owners, developers, and real estate professionals, we provide exclusive access to hidden listings.

Best Neighborhoods for Real Estate Investment in Merida

1. Centro Histórico – The Heart of Colonial Merida

  • Filled with beautifully restored colonial mansions.
  • Strong property value growth due to tourist demand.
  • Near cultural attractions, squares, and restaurants.

2. North Merida (Altabrisa & Temozón)

  • Features modern homes, secured residences, and luxury properties.
  • Near prestigious international schools, medical centers, and malls.

3. Progreso & Chicxulub – Beachfront Properties

  • Perfect for vacation homes and rental investments.
  • Beachfront real estate prices have increased by double digits each year.

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 trusted partner. Our team of experienced real estate professionals is dedicated to helping you reach your property goals.

📞 Reach out to us today to book a complimentary consultation and start your journey with the best Real Estate Agents in Merida, Mexico!

Investing in Mérida Real Estate: A Guide for Foreign Buyers

Mérida, a rapidly growing city in southeastern Mexico, has become a sought-after location for global real estate buyers.

Known for its rich history and culture, high rental demand, and strong capital appreciation potential, Mérida provides a wealth of opportunities for investors.

Why Invest in Mérida Real Estate?

Competitive Housing Market

Compared to other investment hotspots, Mérida remains highly affordable, creating opportunities for both small and large investors.

High Rental Yield Potential

With an increasing number of expatriates, remote workers, and retirees relocating to Mérida, the demand for both short-term and long-term rentals has surged.

Strong Capital Appreciation

Real estate in Mérida continues to show consistent appreciation, offering promising returns for those looking to build wealth.

How Foreigners Can Buy Property in Mérida

How Foreigners Own Property in Restricted Zones

Mexican law imposes restrictions on foreign ownership in specific restricted zones, including coastal areas.

A legal alternative for foreigners is to acquire property through a fideicomiso, which allows them to hold property via a Mexican bank.

Buying Property Outside the Restricted Zone

Unlike coastal cities, Mérida allows direct ownership for foreigners, eliminating the need for a trust.

Avoiding Risks with Ejido Properties

Some land in Mexico is classified as ejido land, which is not private property, which requires privatization before being sold.

Best Areas to Invest in Mérida

Centro Histórico

Featuring restored historic properties, this district is a sought-after location for rental income.

Upscale Residential Developments

The northern region of Mérida has seen rapid development, featuring top-tier amenities and services.

A Guide to Buying Property in Mexico

2. Work with a licensed real estate agent.

5. Sign a purchase agreement and place a deposit.

Is Mérida the Right Real Estate Market for You?

Mérida’s real estate market is on an upward trajectory, a top choice for international buyers.

Our expert team at TrustFirst Mérida Real Estate is ready to assist you in finding the perfect property.

At TrustFirst Mérida Real Estate, we are dedicated to the perfect property.

Negotiating offers and counteroffers on behalf of the client

When it comes to buying or selling real estate, the process can be overwhelming and confusing. That's where a real estate agent comes in to provide guidance and advice every step of the way. One important aspect of the job is negotiating offers and counteroffers on behalf of the client.


Negotiating can be a delicate dance, as both parties want to come out feeling like they got a fair deal. As an agent, I work closely with my clients to understand their needs and goals so that I can negotiate effectively on their behalf. Whether it's advocating for a higher selling price or securing a lower purchase price, I use my expertise and market knowledge to get the best possible outcome for my clients.


Throughout the negotiation process, I keep my clients informed and involved so that they feel confident in the decisions being made. I explain each offer and counteroffer in detail, outlining the pros and cons of each option so that my clients can make informed choices.


At the end of the day, my goal is to help my clients achieve their real estate dreams while navigating the sometimes tricky waters of negotiation. By providing guidance and advice every step of the way, I ensure that my clients have a positive experience during what can be a stressful time.

Negotiating offers and counteroffers on behalf of the client
Facilitating property inspections and appraisals
Facilitating property inspections and appraisals

Facilitating property inspections and appraisals is a crucial aspect of the real estate industry. As a professional in this field, my role is to ensure that clients have all the information they need to make informed decisions when buying or selling a property.


One of the key responsibilities I have is providing guidance and advice to clients throughout the entire buying or selling process. This involves helping them understand the importance of property inspections and appraisals, as well as guiding them through these processes step by step.


When it comes to property inspections, I work closely with clients to schedule appointments with qualified inspectors who can thoroughly assess the condition of a property. I then help interpret the inspection reports and discuss any potential issues that may arise. This allows clients to have a clear understanding of what they are getting into before making any final decisions.


Appraisals are also an important part of the buying or selling process, as they help determine the fair market value of a property. I assist clients in finding reputable appraisers who can provide accurate valuations based on various factors such as location, size, condition, and recent sales data.


Throughout this entire process, my goal is to provide clients with peace of mind and confidence in their decisions. By offering guidance and advice every step of the way, I strive to make the buying or selling experience as smooth and stress-free as possible for my clients.


In conclusion, facilitating property inspections and appraisals while providing guidance and advice to clients is an essential part of my role in the real estate industry. By being there for clients from start to finish, I aim to help them navigate through what can be a complex and overwhelming process with ease and confidence.

Closing the deal and ensuring a smooth transition for the client

As a real estate agent, one of the most crucial aspects of my job is to provide guidance and advice to my clients throughout the buying or selling process. From the moment we first meet to discuss their goals and preferences, to the final closing of the deal, I am there every step of the way to ensure a smooth transition for my client.


Closing the deal is not just about signing papers and handing over keys – it's about making sure that my client feels confident and informed throughout the entire process. This means answering any questions they may have, addressing any concerns that arise, and providing them with all the information they need to make informed decisions.


I understand that buying or selling a home can be a stressful and overwhelming experience for many people. That's why I make it my priority to be there for my clients every step of the way, offering them support and guidance as needed. Whether it's negotiating with potential buyers or helping them navigate through complex legal documents, I am always ready to lend a helping hand.


By providing this level of personalized service, I am able to build trust and rapport with my clients, ensuring that they feel comfortable and confident in their decision-making process. Ultimately, my goal is not just to close the deal, but to create a positive experience for my clients that will leave them satisfied and happy with their transaction.


In conclusion, providing guidance and advice throughout the buying or selling process is essential for any real estate agent. By being there for our clients every step of the way, we can ensure a smooth transition and help them achieve their real estate goals with confidence.

 

Mérida is located in Mexico
Mérida
Mérida
Mérida (Mexico)
Mérida
City
Above, from left to right: San Ildefonso Cathedral, the Canton Palace, the Monument to the Fatherland, the Municipal Palace, the Glorieta de la Paz, the Great Museum of the Maya World and a view of the Country Towers.
Above, from left to right: San Ildefonso Cathedral, the Canton Palace, the Monument to the Fatherland, the Municipal Palace, the Glorieta de la Paz, the Great Museum of the Maya World and a view of the Country Towers.
Flag of Mérida
Coat of arms of Mérida
Nickname: 
"La Ciudad Blanca" (The White City)
Mérida is located in Yucatán (state)
Mérida
Mérida
Location in Yucatán

Coordinates: 20°58′N 89°37′W / 20.967°N 89.617°W / 20.967; -89.617CountryMexicoStateYucatánMunicipalityMéridaCity foundedJanuary 6, 1542Government

 

 • Mayor Cecilia Patrón Laviada (2024–2027) (PAN)Elevation

 

10 m (30 ft)Population

 (2024)[1]
 • Total

1,210,000 (Metro) • Rank34th in North America
12th in MexicoDemonymMeridianoGDP (PPP, constant 2015 values)

 

 • Year2023 • Total$26.1 billion[2] • Per capita$21,400Time zoneUTC−6 (CST)Postal code

97000

Area code999Major airportMérida International AirportIATA CodeMIDICAO CodeMMMDINEGI Code310500001[3]ClimateAw

Mérida ( Spanish pronunciation: [ˈmeɾiða] ⓘ, Yucatec Maya: Joꞌ)[4] is the capital of the Mexican state of Yucatán, and the largest city in southeastern Mexico. The city is also the seat of the eponymous municipality. It is located slightly inland from the northwest corner of the Yucatán Peninsula, about 35 km (22 mi) inland from the coast of the Gulf of Mexico. In 2020, it had a population of 921,770 while its metropolitan area, which also includes the cities of Kanasín and Umán, had a population of 1,316,090.[5]

Mérida is also the cultural and financial capital of the Yucatán Peninsula. The city's rich cultural heritage is a product of the syncretism of the Maya and Spanish cultures during the colonial era. The Cathedral of Mérida, Yucatán was built in the late 16th century with stones from nearby Maya ruins and is the oldest cathedral in the mainland Americas.[6] The city has the third largest old town district on the continent.[7] It was the first city to be named American Capital of Culture, and the only city that has received the title twice.[8]

Mérida is among the safest cities of Mexico as well as in the Americas.[9] In 2015, the city was certified as an International Safe Community by the Karolinska Institute of Sweden for its high level of public security.[10] Forbes has ranked Mérida three times as one of the three best cities in Mexico to live, invest and do business.[11] In 2022, the UN-Habitat's City Prosperity Index recognized Mérida as the city with the highest quality of life in Mexico.[12]

Nickname

[edit]
The "Pasaje de la Revolución" (Passage of the Revolution) designed by the Italian architect Giaccomo Piccone and inaugurated in 1918

Mérida was named after Mérida, Spain because the Maya ruins that the Spanish conquistadors found in the settlement of Ti'ho reminded them of the Roman ruins of Augusta Emerita. Over time, the city acquired the nickname "La Ciudad Blanca" (The White City).[citation needed] This nickname may be due to the white color of the limestone used to paint the façades of the city's colonial buildings. This hypothesis is reinforced by the fact that the city can be seen from outer space as a large whitish area in the middle of the immense green forest that covers the Yucatán Peninsula.[13] Other cities in Hispanic America share the same nickname for this reason, like Arequipa[14] and Popayan.[15] Folktale says that the name go back to the founding of the city when the Spanish conquistadors – motivated by security reasons and given the persistent rebellion of the indigenous Maya people – decided to allow only white-skinned Europeans to live in the city. Old arches at the entrance to the city would have been built for this reason, and beyond these were the Indian communities.[16] However, the first arches were not commissioned until 1690, almost 150 years after the city's foundation. The arch of San Juan and the one on 59th street marked the beginning of roads to Campeche and Izamal, respectively. Other arches served only decorative purposes, like the one Juan Quijano had erected in 1760 in front of his house at the intersection of 65th and 56th streets, which has since been demolished.[17] Additionally, the Nahua indigenous troops who accompanied Montejo's troops in the conquest of Yucatán settled in the neighborhoods of San Cristóbal, Santiago, and San Román, where they enjoyed the privilege of exemption from taxes for their military assistance.[18]

History

[edit]
One of Merida's twin mansions, known as the Cámara Houses or "Las Casas Gemelas"
Cathedral of Mérida as it appeared in 2010

Mérida was founded in 1542 by the Spanish conquistadors, including Francisco de Montejo the Younger and Juan de la Cámara, and named after the town of Mérida in Extremadura, Spain. It was built on the site of the Maya city of Ti'ho (/tʼχoʼ/), which was also called Ichkanzihóo or Ichcaanzihó (/iʃkan'siχo/; "City of Five Hills") in reference to its pyramids. Many of the carved stones of the ruins of ancient Ti'ho were used in the construction of the early Spanish buildings of Mérida. These stones are visible, for instance, in the walls of the main cathedral. From colonial times through the mid-19th century, Mérida was a walled city designed to protect the peninsulares and criollos from periodic revolts by the indigenous Maya people.

In the late 19th century, the area surrounding Mérida prospered from the cultivation of henequen, the fiber of which was used in the production of rope and twine, as well as for the production of licor del henequén, a traditional Mexican alcoholic drink. By the beginning of the 20th century, manufacturing focused mainly on tobacco, molasses, rum, soap, and leather products.[19] Korean immigration to Mexico began in 1905 when more than a thousand people arrived in Yucatán from the city of Jemulpo. These first Korean immigrants settled around Mérida as workers in henequen plantations.

In August 1993, Pope John Paul II visited the city on his third trip to Mexico.[20] The city has been host to two bilateral United States – Mexico conferences, the first in 1999 (Bill ClintonErnesto Zedillo) and the second in 2007 (George W. BushFelipe Calderón, which resulted in the creation of the Mérida Initiative). Mérida hosted the VI Summit of Association of Caribbean States in April 2014. In recent years, important sports competitions have been held in Mérida, such as the World Cup of the World Archery Federation. The city has also hosted important scientific meetings such as the International Cosmic Ray Conference.

Geography

[edit]

Mérida is located in the northwest part of the state of Yucatán, which occupies the northern portion of the Yucatán Peninsula. To the north is Progreso and the Gulf of Mexico. Valladolid and Tizimín are to the east, Celestún is to the west, and the city of Campeche is located to the southwest. There are many important Maya archae sites in the area, including Chichen Itza, Uxmal, Oxkintok, Sayil and Kabah.

The city is located near the center of the Chicxulub Crater. It has a very flat topography and is only 9 metres (30 ft) above sea level. The land outside of Mérida is covered with smaller scrub trees and former henequen fields. Almost no surface water exists, but several cenotes (sinkholes that provide access to underground springs and rivers) are found in the area.

Mérida has a centro histórico typical of colonial Spanish cities. The street grid is based on odd-numbered streets running east–west and even-numbered streets running north–south, with Calles 60 and 61 bounding the "Plaza Grande" in the heart of the city. The more affluent neighborhoods are located to the north and the most densely populated areas are to the south.

Climate

[edit]

Mérida features a tropical savanna climate (Köppen: Aw).[21] The city lies in the trade wind belt close to the Tropic of Cancer, with the prevailing wind from the east. Mérida's climate is hot and its humidity is moderate to high, depending on the time of year. The average annual high temperature is 33.5 °C (92.3 °F), ranging from 30.6 °C (87.1 °F) in December to 36.3 °C (97.3 °F) in May, but temperatures often rise above 38 °C (100.4 °F) in the afternoon during this period. Low temperatures range between 17.2 °C (63.0 °F) in January to 21.7 °C (71.1 °F) in May. It is most often a few degrees hotter in Mérida than in coastal areas due to its inland location and low elevation. The rainy season runs from June through October, associated with the Mexican monsoon which draws warm, moist air landward. Easterly waves and tropical storms also affect the area during this season.

Climate data for Mérida (1951–2010)
Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
Record high °C (°F) 39.5
(103.1)
39.5
(103.1)
42.0
(107.6)
43.0
(109.4)
44.2
(111.6)
42.0
(107.6)
40.0
(104.0)
43.0
(109.4)
40.0
(104.0)
39.0
(102.2)
39.0
(102.2)
39.5
(103.1)
44.2
(111.6)
Mean daily maximum °C (°F) 30.8
(87.4)
31.5
(88.7)
34.0
(93.2)
35.6
(96.1)
36.3
(97.3)
35.3
(95.5)
35.0
(95.0)
34.9
(94.8)
34.2
(93.6)
32.7
(90.9)
31.5
(88.7)
30.6
(87.1)
33.5
(92.3)
Daily mean °C (°F) 24.0
(75.2)
24.4
(75.9)
26.3
(79.3)
27.9
(82.2)
29.0
(84.2)
28.5
(83.3)
28.2
(82.8)
28.1
(82.6)
27.9
(82.2)
26.8
(80.2)
25.4
(77.7)
24.0
(75.2)
26.7
(80.1)
Mean daily minimum °C (°F) 17.2
(63.0)
17.3
(63.1)
18.6
(65.5)
20.2
(68.4)
21.7
(71.1)
21.6
(70.9)
21.4
(70.5)
21.3
(70.3)
21.6
(70.9)
20.8
(69.4)
19.3
(66.7)
17.5
(63.5)
19.9
(67.8)
Record low °C (°F) 9.2
(48.6)
9.5
(49.1)
9.0
(48.2)
10.0
(50.0)
10.0
(50.0)
10.0
(50.0)
10.0
(50.0)
10.0
(50.0)
10.0
(50.0)
10.0
(50.0)
10.0
(50.0)
7.0
(44.6)
7.0
(44.6)
Average rainfall mm (inches) 38.4
(1.51)
32.2
(1.27)
22.5
(0.89)
24.4
(0.96)
69.4
(2.73)
138.3
(5.44)
158.7
(6.25)
140.7
(5.54)
183.1
(7.21)
127.9
(5.04)
56.2
(2.21)
45.1
(1.78)
1,036.9
(40.82)
Average rainy days (≥ 0.1 mm) 4.2 3.3 2.3 1.9 4.6 10.8 13.4 12.8 13.9 9.7 5.4 4.3 86.6
Average relative humidity (%) 70 68 63 64 63 71 72 73 76 75 75 73 70
Mean monthly sunshine hours 208.6 205.9 241.8 254.1 273.2 231.0 246.1 247.9 208.5 218.5 212.4 201.8 2,749.8
Source 1: Servicio Meteorologico Nacional (humidity 1981–2000)[22][23]
Source 2: NOAA (sun 1961–1990)[24]

Governance

[edit]
Merida's Municipal Palace, seat of the City Hall and Mayor's office

Mérida is the capital of the state of Yucatán. The offices of the governor of Yucatán, the Congress of Yucatán, and the Superior Court of Justice of Yucatán are all located within the city.

The municipal government is invested under the authority of a City Council (Ayuntamiento) which it is seated at the Municipal Palace of Merida, located in the historic center of the city. The City Council is presided by a municipal president or mayor, and an assembly conformed by a number of regents (regidores) and trustees (síndicos). Renán Barrera Concha became Mayor on September 1, 2018.

Economy

[edit]
Paseo 60 and Hyatt Regency Mérida in the background

The Yucatán Peninsula, in particular the capital city Mérida, is in a prime coastal location which allows for economic growth. Mérida has been a popular location for investment.[25] This, in turn, has allowed the Yucatán economy to grow at three times the rate of the national average.[25]

In addition, the World Bank Group's Ease of Doing Business Index ranked Mérida fourth nationally in the category of ease of starting a business.[26]

Science and technology

[edit]
Yucatan Scientific Research Center (CICY)

The city is home to important national and local research institutes, like the Yucatan Scientific Research Center (Centro de Investigación Científica de Yucatán, CICY) of the National Council of Science and Technology (Consejo Nacional de Ciencia y Tecnología, Conacyt), a unit of the Center for Research and Advanced Studies of the National Polytechnic Institute (Centro de Investigación y de Estudios Avanzados, CINVESTAV Unidad Mérida), the Dr. Hideyo Noguchi Regional Research Center (Centro de Investigaciones Regionales Dr. Hideyo Noguchi) of the Autonomous University of Yucatan (CIR-UADY), the Yucatán Science and Technology Park (Parque Científico Tecnológico de Yucatán, PCYTY) and the Peninsular Center for Humanities and Social Sciences (Centro Peninsular en Humanidades y Ciencias Sociales, CEPHCIS) of the National Autonomous University of Mexico (UNAM).

Culture

[edit]
Italian and French-style architecture seen in parts of the city such as the Paseo de Montejo
Mayan Revival Architecture in The Americas Park (Parque de las Américas) located near central Merida. The park is a social and cultural place for the residents.
Mural alluding to the conquest of Yucatán, painted by Fernando Castro Pacheco. History Hall of the Palace of Government of Yucatán.

Mérida has served as the American Capital of Culture in the years 2000 and 2017.[27]

As the state and regional capital, Mérida is a cultural center, featuring multiple museums, art galleries, restaurants, movie theatres, and shops. Mérida retains an abundance of colonial buildings and is a cultural center with music and dancing playing an important part in day-to-day life. At the same time it is a modern city with a range of shopping malls, auto dealerships, hotels, restaurants, and leisure facilities. The famous avenue Paseo de Montejo is lined with original sculpture. Each year, the MACAY Museum in Mérida mounts a new sculpture installation, featuring works from Mexico and one other chosen country. Each exhibit remains for 10 months of the year. In 2007, sculptures on Paseo de Montejo featured works by artists from Mexico and Japan.

Mérida and the state of Yucatán have traditionally been isolated from the rest of the country by geography, creating a unique culture. The conquistadors found the Maya culture to be incredibly resilient, and their attempts to eradicate Maya tradition, religion, and culture had only moderate success. The surviving remnants of the Maya culture can be seen every day, in speech, dress, and in both written and oral histories. It is especially apparent in holidays like Hanal Pixan, a Maya/Catholic Day of the Dead celebration. It falls on November 1 and 2 (one day for adults, and one for children) and is commemorated by elaborate altars dedicated to dead relatives. It is a compromise between the two religions with crucifixes mingled with skull decorations and food sacrifices/offerings. Múkbil pollo (pronounced/'mykβil pʰoÊŽoË€/) is the Maya tamal pie offered to the dead on All Saints' Day, traditionally accompanied by a cup of hot chocolate. Many Yucatecans enjoy eating this on and around the Day of the Dead. And, while complicated to make, they can be purchased and even shipped via air. (Muk-bil literally means "to put in the ground" or to cook in a pib, an underground oven).

For English speakers or would-be speakers, Mérida has the Mérida English Library,[28] a lending library with an extensive collection of English books, videos, tapes, and children's books. The library is also the site for expatriate meetings, children's storytelling hours, and other cultural events.

Mérida is also home to the Yucatán Symphony Orchestra, which plays regular seasons at the José Peón Contreras Theatre on Calle 60 and features classical music, jazz, and opera.[29]

Food

[edit]

Yucatán food is its own unique style and is very different from what most people consider "Mexican" food. It includes influences from the local Maya cuisine, as well as Caribbean, Mexican, European and Middle Eastern foods. Tropical fruit, such as coconut, pineapple, plum, tamarind and mamey are often used in Yucatán cuisine.

Papadzules, a Maya meal consisting of pumpkin seed-soaked corn tortillas filled with egg, spices and other seasonings, is an ancient dish of the Yucatán.

There are many regional dishes. Some of them are:

  • Poc Chuc, a Maya/Yucateco version of boiled/grilled pork
  • Salbutes and Panuchos. Salbutes are soft, cooked tortillas with lettuce, tomato, turkey and avocado on top. Panuchos feature fried tortillas filled with black beans, and topped with turkey or chicken, lettuce, avocado and pickled onions. Habanero chiles accompany most dishes, either in solid or puréed form, along with fresh limes and corn tortillas.
  • Queso Relleno is a gourmet dish featuring ground pork inside of a carved edam cheese ball served with tomato sauce
  • Pavo en Relleno Negro (also known locally as Chimole) is turkey meat stew cooked with a black paste made from roasted chiles, a local version of the mole de guajalote found throughout Mexico. The meat soaked in the black soup is also served in tacos, sandwiches and even in panuchos or salbutes.
  • Sopa de Lima is a lime soup with a chicken broth base often accompanied by shredded chicken or turkey and crispy tortilla.
  • Papadzules, egg tacos bathed with pumpkin seed sauce and tomatoes.
  • Cochinita pibil is a marinated pork dish, by far the most renowned from Yucatán, that is made with achiote. Achiote is a reddish spice with a distinctive flavor and peppery smell. It is also known by the Spanish (Recados) seasoning paste.
  • Bul keken (Mayan for "beans and pork") is a traditional black bean and pork soup. The soup is served in the home on Mondays in most Yucatán towns. The soup is usually served with chopped onions, radishes, chiles, and tortillas. This dish is also commonly referred to as frijol con puerco.
  • Brazo de reina (Spanish for "The Queen's Arm") is a traditional tamal dish. A long, flat tamal is topped with ground pumpkin seeds and rolled up like a roll cake. The long roll is then cut into slices. The slices are topped with a tomato sauce and a pumpkin seed garnish.
  • Tamales colados is a traditional dish made with pork/chicken, banana leaf, fresh corn masa and achiote paste, seasoned with roasted tomato sauce.

Achiote is a popular spice in the area. It is derived from the hard annatto seed found in the region. The whole seed is ground together with other spices and formed into a reddish seasoning paste, called recado rojo. The other ingredients in the paste include cinnamon, allspice berries, cloves, Mexican oregano, cumin seed, sea salt, mild black peppercorns, apple cider vinegar, and garlic.

Hot sauce in Mérida is usually made from the indigenous chiles in the area which include: Chile Xcatik, Chile Seco de Yucatán, and Chile Habanero.

Language and accent

[edit]

The Spanish language spoken in the Yucatán is readily identifiable as different in comparison to the Spanish spoken all over the country, and even to non-native ears. It is heavily influenced by the Yucatec Maya language, which is spoken by a third of the population of the State of Yucatán. The Mayan language is melodic, filled with ejective consonants (p', k', and t') and "sh" sounds (represented by the letter "x" in the Mayan language). Even though many people speak Mayan, there is much stigma associated with it. It can be seen that elders were associated with higher status with knowledge of the language, but the younger generation saw more negative attitudes with knowledge of the language[30] This was also in direct correlation with the socioeconomic status and their overall placement in society. There is also the idea that one is not speaking in the "correct" manner of legitimate Mayan dialect, which also causes for more differences in the accent and overall language of the area.[30]

Due to being enclosed by the Caribbean Sea and the Gulf of Mexico, and being somewhat isolated from the rest of Mexico, Yucatecan Spanish has also preserved many words that are no longer used in many other Spanish-speaking areas of the world. However, over the years with the improvement of transportation and technology with the presence of radio, internet, and TV, many elements of the culture and language of the rest of Mexico are now slowly but consistently permeating the culture.

Apart from the Mayan language, which is the mother-tongue of many Yucatecans, students now choose to learn a foreign language such as English, which is taught in most schools.

Main sights

[edit]

Historic sites

[edit]
House of Montejo
60 Street, near the Main Plaza
Mérida Museum of Anthropology

Modern Mérida has expanded far beyond its original city walls, but many old Spanish colonial buildings and several old city gates can still be seen in the centro histórico, which is among the largest in the Americas. Many large and elaborate homes from the early 20th century still line the main avenue called Paseo de Montejo. For example, "Las Casas Gemelas" (The Twin Houses) are two side-by-side French and Spanish style mansions completed in 1911 by Camilo and Ernesto Cámara Zavala. Owned by the Barbachano and Molina Méndez families, they are two of only a few houses that are still used as residences on Paseo Montejo from that era. During the Porfiriato, the Barbachano house held cultural events that hosted artists, poets, and writers. In the mid-1900s, the Barbachanos hosted aristocrats including Princess Grace and Prince Ranier, as well as first lady of the U.S., Jacqueline Kennedy.[31]

The historical center of Mérida is currently undergoing a renaissance, as people and businesses move into these old buildings and restore them.[32] Many of these restored buildings now serve as office buildings for banks and insurance companies. Other important historic sites in the city include:

  • Antiguo convento de Nuestra Señora de la Consolación (Nuns)(1596)
  • Barrio y Capilla de Santa Lucía (1575)
  • Barrio y Templo Parroquial del antiguo pueblo de Itzimná
  • Barrio y Templo Parroquial de San Cristóbal (1796)
  • Barrio y Templo Parroquial de San Sebastián (1706)
  • Barrio y Templo Parroquial de Santa Ana (1733)
  • Barrio y Templo Parroquial de Santa Lucía (1575)
  • Barrio y Templo Parroquial de Santiago (1637)
  • Capilla de Nuestra Señora de la Candelaria (1706)
  • Capilla y parque de San Juan Bautista (1552)
  • Casa de Montejo (1549)
  • Catedral de San Ildefonso (1598), first in continental América.
  • Iglesia del Jesús o de la Tercera Orden (Third Order) (1618)
  • Las Casas Gemelas aka The Twin Houses (1911)
  • Monumento à la Patria (1956)
  • Palacio de Gobierno (1892)
  • Templo de San Juan de Dios (1562)

Cultural centers

[edit]
  • Centro Cultural Andrés Quintana Roo, in Santa Ana, with galleries and artistic events.
  • Centro Cultural Olimpo. Next to the Municipal Palace in the Plaza Grande.
  • Casa de la Cultura del Mayab, the Casa de Artesanías (house of handcrafts) resides there. It's in downtown Mérida.
  • Centro Estatal de Bellas Artes (CEBA). Across the El Centenario, offers classes and education in painting, music, theater, ballet, jazz, folklore, dance, among others.
  • Centro Cultural del Niño Yucateco (CECUNY) in Mejorada, in a 16th-century building, with classes and workshops specifically designed for kids.
  • Centro Cultural Dante a private center within one of the major bookstores in Mérida (Librería Dante).

Museums

[edit]
Yucatán's Maya Museum (Great Museum of the Maya World)
  • Gran Museo del Mundo Maya, Yucatán's Maya Museum, offers a view of Yucatán's history and identity.
  • Museo de Antropología e Historia "Palacio Cantón", Yucatán's history and archaeology Museum.
  • Museo de Arte Contemporáneo Ateneo de Yucatán (MACAY), in the heart of the city right next to the cathedral. Permanent and rotating pictorial expositions.
  • Museo de la Canción Yucateca Asociación Civil in Mejorada, honors the trova yucateca authors, Ricardo Palmerín, Guty Cárdenas, Juan Acereto, Pastor Cervera y Luis Espinosa Alcalá.
  • Museum of the City of Merida, relocated to the old Correos (post office) building in 2007, houses important artifacts dating back to the Spanish colonial era as well as the Pre-Columbian era.
  • Museo de Historia Natural, a natural history museum.
  • Museo de Arte Popular, popular art museum, offers a view of popular artistry and handcrafts among ethnic Mexican groups and cultures.
  • Museo Conmemorativo de la Inmigración Coreana a Yucatán.

Major theaters with regular shows

[edit]

Sports

[edit]

Several facilities can be found where to practice sports:

  • Estadio Salvador Alvarado in the center
  • Unidad Deportiva Kukulcán (with the major football Stadium Carlos Iturralde, Kukulcan BaseBall Park and Polifórum Zamná multipurpose arena)
  • Complejo deportivo La Inalambrica, in the west (with archery facilities that held a world series championship )
  • Unidad deportiva Benito Juarez Garcia, in the northeast.
  • Gimnasio Polifuncional, where professional basketball team Mayas de Yucatán plays for the Liga Nacional de Baloncesto Profesional de México (LNBP) representing Yucatán.
Team Sport League Stadium
Leones de Yucatán Baseball Mexican Baseball League Parque Kukulkán
Venados F.C. Football Liga de Expansión MX Estadio Carlos Iturralde

The city is home to the Mérida Marathon, held each year since 1986.[33]

Transportation

[edit]

Bus

[edit]
A bus on street 62
An Ie-Tram unit in 2023

City service is mostly provided by four local transportation companies: Unión de Camioneros de Yucatán (UCY), Alianza de Camioneros de Yucatán (ACY), Rápidos de Mérida, and Minis 2000. Bus transportation is at the same level or better than that of bigger cities like Guadalajara or Mexico City. Climate-controlled buses and micro-buses (smaller in size) are not uncommon.

As of 2024 the privately owned city bus system is being replaced by a new municipal system called "Va y Ven".[34]

Ie-Tram Yucatán is a bus rapid transit (BRT) system opening in December 2023.[35]

The main bus terminal (CAME) offers first-class (ADO) and luxury services (ADO PLATINO, ADO GL) to most southern Mexico cities outside Yucatán with a fleet consisting of Mercedes Benz and Volvo buses. Shorter intrastate routes are serviced by many smaller terminals around the city, mainly in downtown.

Taxis

[edit]

Several groups and unions offer taxi transportation: Frente Único de los Trabajadores del Volante (FUTV) (white taxis), Unión de Taxistas Independientes (UTI), and Radiotaxímetros de Yucatán, among others. Some of them offer metered service, but most work based on a flat rate depending on destination. Competition has made it of more common use than it was years ago.

Taxis can be either found at one of many predefined places around the city (Taxi de Sitio), waved down along the road, or called in by radio. Unlike the sophisticated RF counterparts in the US, a Civil Band radio is used and is equally effective. Usually a taxi will respond and arrive within 5 minutes.

Another type of taxi service is called "Colectivo". Colectivo taxis work like small buses on a predefined route and for a small fare. Usually accommodating 8 to 10 people.

Uber, DiDi, and inDrive also offer services in Mérida.

Air

[edit]
Merida Manuel Crescencio Rejón International Airport: a view of the check-in room

Mérida (IATA: MID, ICAO: MMMD) is serviced by Manuel Crescencio Rejón International Airport with daily non-stop services to major cities in Mexico including Mexico City, Monterrey, Villahermosa, Cancún, Guadalajara, Tuxtla Gutierrez, and Toluca. The airport has international flights to Miami, Houston, La Havana and Toronto. As of 2006 more than 1 million passengers were using this airport every year, (1.3 in 2007).[36] The airport is under ASUR administration.

Train

[edit]

Mérida was the hub of an extensive narrow gauge railway network that operated in the states of Yucatán and Campeche beginning in 1902. This system was merged into Ferrocarriles Unidos del Sureste in 1975, and later merged into Ferrocarriles Chiapas-Mayab. In 2016, The Secretary of Communications and Transportation revoked the concession.[37]

Current passenger train service to Mérida is provided by Tren Maya which runs from Palenque, Chiapas to Cancún, Quintana Roo, continuing on to Playa del Carmen. It stops at Teya Mérida railway station, 8 km (5.0 mi) east of the city.[38]

Roads

[edit]

Main roads in and out of Mérida:

  • Mérida-Progreso (Federal 261), 33 kilometres (21 miles) long with 8 lanes joins the city with Yucatán's biggest port city, Progreso.
  • Mérida-Umán-Campeche (Federal 180) connects with the city of San Francisco de Campeche.
  • Mérida-Kantunil-Cancún (Federal 180), a four-lane road that becomes a toll road at Kantunil, joins Mérida with Chichén Itzá, Valladolid and ultimately Cancún.
  • Mérida-Tizimín (Federal 176) connects Mérida with Tizimín (the second largest city in Yucatán).
  • Mérida-Teabo-Peto, known as Mundo Maya Road Carretera del Mundo Maya, is used in both "convent route" Ruta de los Conventos and as a link to the ancient Maya city of Mayapán and Chetumal, state capital of Quintana Roo.

Health

[edit]
Entrance building of the Hospital Regional de Alta Especialidad

Mérida has many regional hospitals and medical centers. All of them offer full services for the city, and in case of the regional hospitals, for the whole Yucatán peninsula and neighboring states.

The city has one of the more prestigious medical faculties in Mexico (UADY). Proximity to American cities like Houston allow local doctors to crosstrain and practice in both countries making Mérida one of the best cities in Mexico in terms of health services availability.

Hospitals:

  • Public:
  • Private:
    • Clínica de Mérida
    • Star Médica
    • Centro Médico de las Américas (CMA)
    • Centro de Especialidades Médicas
    • Hospital Santelena
    • Centro Médico Pensiones (CMP)
    • Hospital Faro Del Mayab

Education

[edit]
Autonomous University of Yucatán

In 2000, the Mérida municipality had 244 preschool institutions, 395 elementary, 136 Jr. high school (2 years middle school, 1 high), 97 High Schools and 16 Universities/Higher Education schools. Mérida has consistently held the status of having the best performing public schools in Mexico since 1996. The public school system is regulated by the Secretariat of Public Instruction.[39] Attendance is required for all students in the educational system from age 6 up to age 15.[39] Once students reach high school, they are given the option of continuing their education or not; if they chose to do so they are given two tracks in which they can graduate.[39]

Nevertheless, education in Merida has a variety of quality throughout the city. This mainly has to do with the different social strata and where they reside. Mayan indigenous population are at the bottom of the spectrum and this can be represented in the type of education that the children are receiving. Upper class is usually located in the north, as it is less populated and has higher living costs.[40] For the most part, private schools are located in the northern part of the city. The only students who attend these schools are those of high class and of non-Maya descent.[41] A distressing statistic of how this affects the indigenous communities can be noted, "In Yucatan only 8.9 % of the Mayans have achieved junior high and solely the 6.6% have studied beyond that point. The 83.4% of the Mayans 15 years old and older dropped out of school before finishing junior high."[42]

Many laws have been set in place to avoid discrimination between the Spanish speakers and the Mayan speakers as the "Law says that it is a duty of the Mexican State to guarantee – guarantee, not just try, not just attempt – that the indigenous population has access to the obligatory education, bilingual and intercultural in their methods and contents."[42] Despite this having been set into law, there is no bilingual or cultural accepting program after elementary school.[42] The system for indigenous education only serves about one third of the Mayan speaking population of the area.[42] Many Maya[43] children are forced to learn Spanish and cease using their native tongue, which may be challenging for them to do. This in turn causes many of the students to feel that learning at school is not their strong suit and may even end up dropping out early in their education.[42]

There are several state institutions offering higher education:

Among several private institutions:

Mérida has several national research centers. Among them

  • Centro de Investigacíón Científica de Yucatán (CICY)
  • Centro de Investigaciones Regionales Dr. Hideyo Noguchi, dependent from the UADY, conducts biological and biomedical research.
  • Centro INAH Yucatán, dedicated to anthropological, archaeological and historic research.
  • Centro de Investigación y de Estudios Avanzados CINVESTAV/IPN

See also

[edit]

References

[edit]
  1. ^ "Merida, Mexico Metro Area Population 1950–2022". macrotrends. Retrieved January 30, 2022.
  2. ^ "TelluBase—Mexico Fact Sheet (Tellusant Public Service Series)" (PDF). Tellusant. Retrieved January 11, 2024.
  3. ^ INEGI. "Archivo Histórico de Localidades. Mérida" (in Spanish). Archived from the original on July 22, 2011. Retrieved August 18, 2010.
  4. ^ "Diccionario Maya-Español". Yucatán: Identidad y Cultura Maya. Universidad Autónoma de Yucatán. Retrieved October 9, 2024.
  5. ^ "Mérida en la region de Yucatán – Municipio y presidencia municipal de México – presidencia municipal México – Información presidencia municipal, ciudades y pueblos de México". www.los-municipios.mx. Retrieved May 5, 2021.
  6. ^ Roller, Sarah (November 20, 2022). "Mérida Cathedral – History and Facts". History Hit. Retrieved July 19, 2022.
  7. ^ "Centro Histórico Mérida – Mérida Mexico Real Estate". Property Pros Mx Real Estate. February 22, 2016. Retrieved September 11, 2022.
  8. ^ Poling, Monica (January 25, 2016). "Merida Chosen American Capital of Culture 2017". Travel Pulse Canada. Retrieved July 19, 2022.
  9. ^ "Down Mérida way: homebuyers flock to Mexico's safest city". Financial Times. April 12, 2022. Archived from the original on December 10, 2022. Retrieved July 19, 2022.
  10. ^ "Merida ISCCC". International Safe Community Certifying Centre. 2015. Retrieved July 19, 2022.
  11. ^ Durán, Guadalupe (2016). "Merida Tops Forbes List of Best Cities in Mexico". Top Mexico Real Estate. Retrieved July 19, 2022.
  12. ^ "Study by UN-Habitat, Infonavit ranks Mérida No. 1 for quality of life". Mexico News Daily. November 10, 2022. Retrieved July 19, 2022.
  13. ^ "Earth from Space: Mexico's 'White City'". European Space Agency. May 4, 2006. Retrieved March 31, 2023.
  14. ^ "¿Qué significa Arequipa, nombre de la 'Ciudad Blanca' del Perú?". infobae (in European Spanish). August 6, 2022. Retrieved April 20, 2024.
  15. ^ Romoleroux, Michell Francois (January 6, 2022). "¿Por qué a Popayán le dicen la Ciudad Blanca?". El Tiempo (in Spanish). Retrieved April 20, 2024.
  16. ^ Adams, Robert (April 30, 2018). "Mérida History: The 'White City' and its colonial arches". Punto Medio. Retrieved March 31, 2023.
  17. ^ "Arcos de Mérida" (in Spanish). Retrieved April 20, 2024.
  18. ^ Bracamonte y Sosa, Pedro (2006). La perpetua reducción. Documentos sobre la huída de los mayas yucatecos durante la colonia [The Perpetual Reduction. Documents on the flight of the Yucatec Mayas during the colony] (in Spanish). Centro de Investigación y Estudios Superiores en Antropología Social. p. 222. ISBN 958-456-594-X.
  19. ^ "Merida" . The New Student's Reference Work . Vol. III. 1914. p. 1207.
  20. ^ Fodor's 2001 Cancún, Cozumel, Yucatán Peninsula p.167. Fodor's, 2000
  21. ^ Peel, M. C.; Finlayson, B. L.; McMahon, T. A. (2007). "Updated world map of the Köppen–Geiger climate classification" (PDF). Hydrol. Earth Syst. Sci. 11 (5): 1633–1644. Bibcode:2007HESS...11.1633P. doi:10.5194/hess-11-1633-2007. ISSN 1027-5606.
  22. ^ "Estado de Yucatán-Estacion: Mérida Centro". Normales Climatologicas 1951–2010 (in Spanish). Servicio Meteorologico Nacional. Archived from the original on March 3, 2016. Retrieved April 25, 2015.
  23. ^ "NORMALES CLIMATOLÓGICAS 1981–2000" (PDF) (in Spanish). Servicio Meteorológico Nacional. Archived from the original (PDF) on April 25, 2015. Retrieved April 25, 2015.
  24. ^ "Merida Climate Normals 1961–1990". National Oceanic and Atmospheric Administration. Retrieved April 25, 2015.
  25. ^ a b "Yucatan economy growth three times higher than the national average". The Yucatan Times. November 6, 2017. Retrieved April 8, 2018.
  26. ^ "Ease of Doing Business in Mérida – Mexico". World Bank Group. September 20, 2022. Retrieved July 21, 2022.
  27. ^ Walsh, Nora. "A Guide To Merida, Mexico: 10 Reasons To Visit Now". Forbes. Retrieved September 2, 2020.
  28. ^ "Merida English Library". Merida English Library. Retrieved May 5, 2009.
  29. ^ "The Yucatan Symphony Orchestra". Osy.org.mx. Archived from the original on October 23, 2008. Retrieved March 12, 2013.
  30. ^ a b Sima Lorenzo, Eyder Gabriel (August 9, 2013). "Actitudes de Yucatecos Bilingues de Maya y Español Hacia la Lengua Maya y sis Hablantes en Merida Yucatan". Estudios de Cultura Maya.
  31. ^ "The Camara Brothers' Twin Houses". Sam Houston State University. Retrieved April 6, 2020.
  32. ^ Dickerson, Marla (October 21, 2007). "Paradise for home remodelers – Los Angeles Times". Los Angeles Times. Retrieved May 5, 2009.
  33. ^ "Marathon Mérida BaNorte". Retrieved March 3, 2021.
  34. ^ Carlos Rosado van der Gracht (November 22, 2023). "Mérida New Va y Ven Transit Network is a Huge Step in the Right Direction". Yucatán Magazine.
  35. ^ "Yucatán estrenará en 2023, IE-TRAM, transporte público 100% eléctrico". energy21.com.mx (in Spanish). Retrieved November 20, 2022.
  36. ^ "Tráfico de Pasajeros | Tráfico de Pasajeros". www.asur.com.mx. Retrieved August 5, 2022.
  37. ^ "Tribuna del Yaqui". tribuna.com.mx. Archived from the original on August 25, 2016.
  38. ^ "El 15 de diciembre inicia ruta Palenque-Cancún; todos los tramos, para febrero: AMLO". sinembargo.mx (in Spanish). October 6, 2023. Retrieved October 23, 2023.
  39. ^ a b c "Mérida Education – Expats In Mexico". Expats in Mexico. Retrieved April 8, 2018.
  40. ^ Programa Integral de Desarrollo Metropolitano PIDEM (PDF).
  41. ^ Azcorra, Hugo (2013). "Nutritional Status of Maya Children, Their Mothers, and Their GrandmothersResiding in the City of Merida, Mexico: Revisiting the Leg-Length Hypothesis". American Journal of Human Biology. 25 (5): 659–65. doi:10.1002/ajhb.22427. PMID 23907793. S2CID 205302992.
  42. ^ a b c d e Mijangos-Noh, Juan Carlos (April 14, 2009). Racism Against the Mayan Population in Yucatan, Mexico: How Current Education Contradicts the Law (PDF). Annual Meeting of the American Educational Research Association.
  43. ^ Livingston, Eric. "Cities in Mexico and Brief History". Latam Living.
[edit]

 

 

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

[edit]

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

[edit]

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

[edit]

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

[edit]

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

[edit]

See also

[edit]

References

[edit]
  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.
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Reviews for TrustFirst - Merida Real Estate


Colin Malone

(5)

While we were looking to make a purchase, we decided not to pull the trigger just yet. When ready, we will definitely be choosing TrustFirst to help us with our merida real estate investment as we were able to see how the agent that was assigned to us goes over and above, in comparison to others we contacted.

Jess

(5)

My mother does not have a google account so I am leaving this for her. You helped her buy a wonderful home in Merida. Thank you so much for your patience and expertise. We both learned a lot about the real estate market down here. It’s so different from back home.

Fito Carvajal

(5)

Very good service. They always answered me quickly. They showed us many houses before we decided.

Fernando Puerto

(5)

We have referred several clients to Trustfirst and have not received any complaints. 👍🏼thank you very much kybor

Dustyn Kerr

(5)

Punctual, good communication. I couldn't have asked for more. Thank you for the wonderful experience, guys.

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Frequently Asked Questions

Work with your real estate agent to submit a written offer that includes the purchase price, terms and conditions of the sale, and any contingencies you want included in the contract.