When you decide to buy Mexico real estate, one of the most important steps you will take is to ensure that you are well informed. Basically, there are two main areas to be informed in; one is “permanent information” and the other is “current updates.” The following two resources will cover both areas well.
Mexico Real Estate Guide E-Book
A good e-book on Mexico real estate will offer you all the “static” or semi-permanent information you need about buying real estate in Mexico. Topics covered will include the following.
Bank Trust – In many of the most popular parts of Mexico, namely anywhere within 30 miles of the coast or 60 miles from any international border, any non-Mexican buyer will have to own by means of a special vehicle called a Bank Trust. This service actually adds further benefits and security to ownership, and is maintained by a reasonable annual fee.
Finding an Agent – In most of Mexico, there are no regulations about who can offer services as a real estate agent. This means that you as a buyer must know what you are looking for. A good e-book will cover topics such as licensing, degrees and professional associations so you know what to ask for!
Professionals Involved – Such an e-book should also cover the top of other professionals who will be involved in the process. For example, there will always be an attorney and notary involved; yet the role of a notary is different from that in the U.S. or Canada.
Contracts – There are three different contracts that could possibly be involved – the offer to purchase, the promissory contract and the purchase-sales agreement. The usage of each depends on the region of Mexico and to some degree the individual broker.
A Mexico real estate blog written by experienced professionals will offer information on similar topics to those mentioned above, in a shorter, more concise format, but will also include daily updates on spotlight properties, market information, tourism, economy, buying tips and life in various parts of Mexico. Video tours, interviews and real-life stories from buyers like yourself help you to visualize what the buying process will be like. Information about living in Mexico, from residency processes to good dishes to try to cultural events like beachfront jazz festivals will also often be featured.
When you choose to buy in Mexico, be one of the buyers who does it the smart way; inform yourself and keep up to date!
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely
Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
Region: Mazatlan real estate Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.
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