It is important for foreigners who own a Mexican property in the Restricted Zone to remember to pay their annual trust fees, the annual trust fee is due on the anniversary of the property owner’s closing date or official registry of the property in the purchasers name. Keep in mind; your trust account number generated
When you decide to sell your Los Cabos Real Estate Investment It’s important for sellers to know up front before entering into a Real Estate listing contract what the fees will be that will affect the net of the sale that you are going to put into your pocket. Don’t wait until you receive a
The majority of purchasers of Real Estate in Mexico are buying with cash at the closing and possession of the property. They may be using a line of credit at a low interest rate, cashing in stocks, bonds or mutual funds, in their home country. Or they may be selling a property and using the
Selling your Los Cabos Real Estate is an involved process that affects your family and your future. Before you begin this process, you’ll want to ensure that you have the most up-to-date information. When should you sell? How do you get the best price? What kinds of improvements if any should be made prior to
Fideicomiso (Fee-day-e-co-me-so) MEXICAN PROPERTY TRUSTS Foreign citizens who wish to buy property within designated regions of Mexico known as the restricted zone are required to obtain a “Fideicomiso” (fee-day-e-co-me-so), which functions as a Mexican Property Trust / title to the property. In 1994, amendments to the Constitution permitted foreigners to purchase and own real estate
Soup up Your Storage Closet and Storage space is a big one on many home buyers wish list. It always seems that there is never enough. Make the most of the space you have by buying and installing closet storage organizing systems making the most of the space you do have. It is especially important
Closing Costs in Mexico are very different than what the US or Canadian Citizen would be used to paying when purchasing a property in their home country. In Mexico, the closings costs associated with purchasing property are assessed to the buyer. They are not a shared cost between buyer and seller and the fees are
Property Taxes in Mexico typically are very low compared to most parts of Canada and the United States. The tax amount for each year is available after the 7th of January each year. You can check your property taxes on line by entering your clave catastral (tax ID number), make sure to include any hyphens
Are you planning to sell your home? Then, you are probably looking for a life upgrade – a larger house, or your downsizing, maybe a more suitable location or you just simply need a change. Either way, you have to follow several steps in order to make sure this is really a decision that is
This is one of the most common questions from foreigners who are interested in purchasing property in Mexico. Even if you don’t ask the question you have probably thought it a time or two and wondered if there really was such a risk. One would expect that you’re going to go through all the proper
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