Purchasing Property in Mexico: Part 4 In this entry about purchasing property in Mexico you will learn about the promissory contract and the purchase sales contract. Everything you need to know about both, when to use them, how they work and what role they play when buying real estate in Mexico is right … [Read more...] about Purchasing Property in Mexico: Promissory & Purchase Sales Contract
Mexico permits
Building Your Dream Home in Mexico – Permits and Early Steps Part 2
Yesterday I offered a brief overview of some of the first key steps in the process of building a home in Mexico. Today's post offers a closer overview of an all-important topic - permits. Permits One of the most important early items will be the permits. As one builder puts it, the only permit needed to … [Read more...] about Building Your Dream Home in Mexico – Permits and Early Steps Part 2
Mexico Home Owners in Cancun to Benefit from New U.S. Consular Agency
Mexico home owners in Cancun and nearby areas are now going to benefit from new U.S. consular services available in this city. While limited service have already been available, a new consular agency will expand on these, making life for Americans owning Cancun real estate easier. The new Consular Agency was … [Read more...] about Mexico Home Owners in Cancun to Benefit from New U.S. Consular Agency
Shared Information on Mexico VISA in Playa del Carmen
When buying real estate in Mexico you can focus all your time on the purchasing process and sometimes forget that you are moving to a different country and will need a visa. For most of us coming and living in Mexico for a few weeks doesn’t cause any problems and you can get in with an FMT or as of May 1st 2010 an … [Read more...] about Shared Information on Mexico VISA in Playa del Carmen
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?
Can a USA or Canadian citizen own real estate in Puerto Vallarta?
You sure can, by placing the Puerto Vallarta real estate in a bank trust, or “Fideicomisoâ€. Title of the property is transferred to a trust with a Mexican bank acting as Trustee. The Trust Agreement is formalized by the issuance of a permit from the Mexican Ministry of Foreign Affairs. In all Mexico real estate … [Read more...] about Can a USA or Canadian citizen own real estate in Puerto Vallarta?
Update for Tulum real estate Owners In Sian Kaan
Mexico real estate is regulated by several government bodies one of which is the Agrarian Minsitry (Secretaria de la Reforma Agraria) who published an official notification in the Mexican Official Gazette whereby the Agrarian Ministry commenced the delimitation and measurement of approximately 450 thousand hectares of … [Read more...] about Update for Tulum real estate Owners In Sian Kaan
Mexico Real Estate; When to Use a Bank Trust and When to Use a Mexico Corporation to Hold Title
THE MEXICO REAL ESTATE BUYING PROCESS PART II (Fideicomiso or FOMC) This is a continuation of my previous post- Buying in The Yucatan Real Estate Market While touring Yucatan properties with your agent, you will want to engage in a conversation about Fideicomisos and FOMC (Foreign Owned Mexican Corporations) to … [Read more...] about Mexico Real Estate; When to Use a Bank Trust and When to Use a Mexico Corporation to Hold Title