Our last post covered some of the benefits of retiring or being a snowbird in Mexico. Hot weather, beautiful beaches and a vibrant culture and history, are among the main attractions for people looking to retire in this beautiful country. When planning to move, some of the most frequently asked questions have to do with […]
Mexico Closing costs
A question that many expats who own Mexico real estate will be wondering about is the exemption from capital gains taxes when selling a property and how the new immigration laws affect this exemption. The Capital Gains Tax and It’s Exemption in the Past Very briefly, if an expat sells a property in Mexico, and the […]
Every transfer of Mexico real estate property MUST, by law, be made before a Mexican notary public. The Mexican notary public is required to have a degree in law. He must have a minimum of five years of legal practice, pass a rigorous examination and then be appointed by the governor of the state in […]
Although there has been some tightening in the lending industry in Mexico, there are still many options available, both in pesos or dollars. I have been told from many realtor friends that they noticed an impressive increase in the amount of buyers who ask if financing is available.
Selling a property here is a complicated business and mistakes can be costly and must be avoided.
Mexican law says that Mexico real estate taxes must be paid on the higher of the following: purchase price OR appraised value Since many appraisals in the La Paz real estate market are lower than the actual selling price your taxes will be condisderably lower if the appraisal value is declared Payment on this basis […]
Mexico condos are popular investment options for Americans, Canadians and British and even more so those which are in the pre construction stages But identifying the risks and knowing how to manage such risks are important factors to ensure good returns and avoid costly surprises One question was brought to our attention from a reader […]
The Mexico real estate market is many times effected by the exchange rate currencies People can save thousands of dollars from the significant movements of the USD to Pesos exchange, as well as the Canadian dollar to the USD rates Imagine that you are going to pay the closing costs on a Mexico property with […]