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 this singleimportantquestion to the buyers and agents, “Does your seller have a registered title to the Mexico real estate property” Many foreign buyers, in order to avoid the closing costs in Mexico, or through ignorance, have paid for their property, taken possession of it, and have never obtained a Mexico registered title! Ask for a copy of your Seller's title documents and reserve the right to examine them prior to the release of any part of your payment If they are in Spanish have them translated and, if in doubt consult with a neutral third party about their probable validity It should be added that if the seller has never acquired title to the property he is selling, it can often be remedied The buyer should be aware of this condition, however, and be certain that the person who accepts his offer is truly the holder of the title Additionally, he should make arrangements for the additional costs, if any, involved in this double transfer

Author Linda Neil has over 35 years of hands on experience in all aspects of Mexican real estate. She holds membership in AMPI, NAR, and FIABCI and PROFECO Certificate 00063/96. Current member of the national advisory board of AMPI she is the owner broker of LINDA NEIL PROPERTIES for more information (512)-879-6546 www.TOPmexicorealestate.com

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