We have already talked about the first three steps for buying a home in Mexico, finding a real estate agent, making an Offer to Purchase, and then a Promissory contract. Now we will discuss the closing costs involved in a real estate transaction. Notary fees When buying a property for sale in Mexico, there are four … [Read more...] about Buying Your House Long Distance: Closing Costs
Mexico Closing Costs
Property Taxes & Closing Costs in Mexico
Closing Costs in Mexico Although the steps of looking for and deciding on a property are very similar here in Mexico to those in the United States and Canada, the steps to close your property and the related costs are quite different. It is essential to consider these closing costs in Mexico in your initial budget as … [Read more...] about Property Taxes & Closing Costs in Mexico
Real Estate Closing Process: Everything You Need to Know
Now that you have finally found your dream home, it’s time to exchange ownership of property. This can only happen once the Offer to Purchase, the Promissory Contract and the Sales Contract have all been accepted, along with the funding of the escrow account. After both the seller and the buyer have come to full … [Read more...] about Real Estate Closing Process: Everything You Need to Know
How do Closing Costs Differ Between USA and Mexico?
You spend the time finding your perfect home or investment property. You settle on a purchase price, sign a sales agreement and then wait to close. The closing process is similar in Mexico as in the United States. The difference is that in the US, the buyer and seller use a Title Company to close the deal. In Mexico, … [Read more...] about How do Closing Costs Differ Between USA and Mexico?
What are my selling costs on Real Estate in Puerto Vallarta?
During the closing process of real estate in Puerto Vallarta, you must pass your title free and clear of any liens or encumbrances. Prior to the closing, the Notario will order a no liens certificate from the Mexico Public Registry. Therefore, you will need to pay all utility bills up to the closing date. You … [Read more...] about What are my selling costs on Real Estate in Puerto Vallarta?
Purchasing Your Mexico Dream Home; Checking the Title-Part 3
In March and in our Mexico real estate blog, I posted the articles part 1 and part 2 You can read part 1, by clicking here; Purchasing your Mexico Dream Home Below is the continuation of these first two parts In my experience in the La Paz real estate market as well as many parts of Mexico, I ask … [Read more...] about Purchasing Your Mexico Dream Home; Checking the Title-Part 3
Todays Mexico Exchange Rate and the Effect on Real Estate
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 a fixed … [Read more...] about Todays Mexico Exchange Rate and the Effect on Real Estate
Purchasing Your Mexico Dream Home; Real Estate Closing Costs in Mexico -Part 2
Last week, I began discussing the process of how to purchase your Mexico dream home Please click here to see this first post Mexico Real Estate Purchasing Process and go here Mexico Real Estate Agents to learn more on this subject. Rule Number Three:Mexico Real Estate Closing Costs (Fideicomiso) Closing … [Read more...] about Purchasing Your Mexico Dream Home; Real Estate Closing Costs in Mexico -Part 2