In Mexico, the physical delivery of property has enormous value. It is difficult to have someone removed once they occupy the property. Therefore, receiving the keys to your new property is a very important step. Here is an idea of what to expect at the physical delivery of your new home.
When will physical delivery happen?
In a resale unit, your real estate professional will plan for you to complete a walkthrough prior to signing the title deed. This occurs the day before or the day of signing at the notary public. This is the opportunity to check that all items on the inventory are still present and in appropriate condition. It is time to discuss the transfer of utilities and share the receipts for the last payments. Possible topics for further discussion would include:
- What services are active? TV, internet, phone, gas service, etc. Can they be canceled? Who do you call to continue or pay?
- Where are the breakers?
- How do you light the water heater?
- Where is the water pump or access to the tank?
- How do you pay the maintenance fees?
- If you have a pool, is there a current pool maintenance company?
- When was the last time that the air conditioners received maintenance?
Any issues should be addressed before releasing funds and signing at the Notary Public, and the seller surrenders the keys.
Physical Delivery of a Pre-Construction
Physical delivery of a pre-construction most commonly happens before signing at the Notary Public. A walkthrough of the unit will be arranged by your real estate professional. Because the unit is brand new and all items should be in pristine condition, it is important to check all the details. Take your time. This is your opportunity to address any issue you have. You will make a punch list of items that the developer should address. The developer or representative will sign this list in acknowledgment. A timeline for their completion should also be noted. Items not noted on the list may not be addressed in the future by the developer. Areas to inspect will include:
- Electrical – Check that all sockets, light fixtures, and installations are working.
- Plumbing – Faucets, showers, toilets are working and not leaking.
- Gas lines – If present, are the lines secure and checked for leaks.
- Flooring – Check that there are no chipped tiles, the grout work is complete and clean.
- Paint – Paint should be complete and clean.
- Appliances – All included appliances are present and installed correctly. Check to see that they are functioning properly.
- Furniture – Are all pieces present and undamaged?
It is important to discuss how these items will be handled. Will the repairs are made before accepting possession, or will they be made after you receive the keys? There is usually a payment associated with the stage of the sales process. Are you comfortable releasing funds at this stage? Your real estate professional can help advise you on how best to proceed.
Whether you have purchased pre-construction or a resale, this step is the opportunity for you to ensure a smooth transition and that everything you have been promised is, in fact, present or available at your new home.