Buying Steps in Mexico Here are 5 simple steps when buying property in Mexico

STEP: 1. Define your budgeted range

Defining your budgeted ranged is an important step. We are here to help you maximize value you receive for the budget you decide is best for you. Will this be a cash purchase or do you need help with financing? Let one of our experienced agents help you. We do this every day and have many satisfied purchasers from all over the world.

STEP 2. Finding your ideal property

We have access to the largest selection of properties in Mexico specifically the Puerto Vallarta / Riviera Nayarit Area. The best way to begin your search is to speak with one of our Agents that can help you make this decision.

All our agents have strong up-to-date knowledge of the region, areas and desirable locations that will help you in the decision making process.

STEP 3. You have found your dream home! NOW WHAT

Its is time to begin working with a Real Estate Professional. He/she will answer any questions or concerns you may have pertinent to your real estate transaction. Once you are ready your trusted Real Estate Agent will submit an offer to purchase along with your good faith deposit that will be held in Escrow

STEP 4. Sales price and terms are negotiated and agreed upon

Once all parties have determined and agreed upon the sales/purchase prices and terms your real estate agent will arrange for a an escrow account deposit / upon acceptance of the offer (normally 30% of purchase price) placed into trust.

Step 5. Legal Process

Mexican notaries, more commonly know as Notaria Publica, are government appointed attorneys specifically trained to handle the legalities of property transfers in Mexico. Notaries are the only ones legally able to transfer title and ensure the title is clear both at a local Public Land Registry level and to the national Public Land Registry level.

Notaries make sure there are no liens that exist against the property and perform title searches similar to American title companies guaranteeing your property is unencumbered.

Noratia Publica in are also government appointed taxes collectors. They are responsible for the collection of any Taxes due on the property just as Buyers Property Acquisition Tax or Sellers Capital Gains Tax. As a Foreign buyer, purchasing real estate in Mexico requires the use of a Bank Trust known as a Fideicomiso?

The Fideicomiso or Mexican Bank Trust is a mechanism that enables foreign persons or companies to purchase property in Mexico where the beneficiary (buyer) has all the rights of ownership: the right to buy, sell, lease, use, bequeath, improve, transfer, and encumber.

The Bank Trust is established by the government and gives foreigners the same rights of ownership as Mexican citizens. The only difference is that they never receive the actual fee simple title. It is held in trust for them by a bank. Once this trust in established additional closing documents are prepared and ready for the day of closing when final purchase monies will exchange hand between the buyer and seller.