Top Mexico Real Estate Guide

Table of Content

CHAPTER 1: PURCHASE PROCESS

A) What are the steps in the real estate purchasing process in Mexico?
B) What is the difference in purchasing pre-construction vs. resale?
C) How do escrow accounts fit into these processes?

CHAPTER 2: BANK TRUST AND RESTRICTED ZONES

A) What is a bank trust and how is it related to the restricted zone?
B) Do I need to use a bank trust if purchasing in central Mexico?
C) When should I use a Bank Trust and when should I use a Mexican Corporation?

CHAPTER 3: OFFER TO PURCHASE

A) What should an Offer to Purchase include?
B) Is the Offer to Purchase a legal document or is it informal? Does it need to be notarized?
C) Who should prepare the offer? (How binding is an Offer to Purchase?)

CHAPTER 4: PROMISSORY CONTRACT AND PURCHASE SALES CONTRACT

A) What is a Promissory Contract?
B) What are the top 3 items to look out for in a Promissory Contract?
C) When is it prepared?
D) How binding is a Promissory Contract?
E) What is the Purchase Sales Contract?
F) When do we use this contract?

CHAPTER 5: THE KEY PLAYERS IN A MEXICO REAL ESTATE TRANSACTION

A) Who are the key players?
B) What is the difference between a Listing Agent and a Buyers Agent?
C) How important is it to find the right agent?
D) What role does the Notary Public play in the purchase process?

CHAPTER 6: CLOSING COST ESTIMATES

A) What items are in the closing costs?
B) What percentage should I estimate for these costs?
C) Are there any other costs outside of closing costs that may occur?