Buyers Info

The Mexican closing process is a very intricate set of steps that are performed from A to Z without exception. Not one step can be performed before the other is completed. This outline is a standard time frame for a cash purchase transaction where both buyer and seller documents are all in order at the

When you close on a Mexican Real Estate transaction you do not receive your executed Trust Deed that same day if you attended the closing in person or by proxy.  Within the weeks following the close date the Notary will be sending the executed Trust Deed to register the deed and property in the buyer(s)

So you have decided that Los Cabos is your dream location to purchase a 2nd home and with the Real Estate market having been driven by many life style changes from covid, there is little move in ready inventory on the market.  However, there is a construction boom and many properties are being offered while

A Promise to Trust or commonly referred to as, a sale contract, pre-sale contract, or private contract has various uses for Real Estate in Mexico. All pre-sale purchases of property in pre-construction will have a draft of this document prepared by the developer of the project you are purchasing in as their promise to sell

If you are in the process of purchasing property have the utilities prorated to the close date so that the seller fulfills their obligations to pay and you can take over on the closing date.  You can also request a letter of utility transfer from the seller that you can take with you to the

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

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

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

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