During the closing of the real estate transaction you as a buyer have the obligation of paying closing costs. The closing costs are divided in multiple parts. I spoke to Ivan Castillo at Stewart Title Latin America´s Playa del Carmen office so he could explain them in detail. Notary Public Ivan Castillo: We need … [Read more...] about What are Closing Costs? Part 1
How to Buy Real Estate in Mexico
Live It Tour Testimonial: Chris and Lisa
Chris and Lisa from Port Charlotte Florida recently took our Live It,Compare It and Buy It Tour. We interviewed them on Playacar Beach and asked them to tell us about their experience. https://www.youtube.com/watch?v=Xfu16luMUkw How did you find Top Mexico? Top Mexico Real Estate was just a simple engine search on … [Read more...] about Live It Tour Testimonial: Chris and Lisa
What is Title Insurance? Part 2
When purchasing a property in Mexico it is important to protect yourself in the event of possible legal disputes over ownership rights to a home or piece of land. One of the ways to insure against potential financial loss is to obtain title insurance. In Part 1 I spoke to Ivan Castillo at Stewart Title Latin … [Read more...] about What is Title Insurance? Part 2
What is Title Insurance? Part 1
When purchasing a property in Mexico it is important to protect yourself in the event of possible legal disputes over ownership rights to a home or piece of land. One of the ways to insure against potential financial loss is to obtain title insurance. I spoke to Ivan Castillo at Stewart Title Latin America´s Playa … [Read more...] about What is Title Insurance? Part 1
What Are Escrow Services?
Today we look at Escrow services and how they help buyers purchase property safely and securely. In order to get a better understanding of how escrows work I spoke with Ivan Castillo, a Mexico Real Estate Attorney who is currently the Regional Manager for Stewart Title – Latin America Division in Mexico. Stewart … [Read more...] about What Are Escrow Services?
Stewart Title Riviera Maya
Stewart Title Latin America is a company out of the U.S. that´s been in the U.S. market for about 130 years and 20 years in Mexico. Ivan Castillo has been managing the Riviera Maya office for the past 11 years and he took the time to speak to me about the 3 main services that they provide to customers who are … [Read more...] about Stewart Title Riviera Maya
The Bank Trust
No foreigner can acquire land directly in Mexico. It is something that is mentioned in the Mexican constitution. So what is the way for foreigners to acquire land? In this region in particular we call it restricted zone. It´s an area of land that comes from the ocean in 50 km, from the borders in 100km, so wittin that … [Read more...] about The Bank Trust
The Promissory Agreement
During a real estate transaction you can divide the transaction in to multiple sections. The pre-closing is the moment where the buyer determines what is the property they wish to buy. Based on the same they will make an offer. And that offer will contain certain terms and conditions that the general buyer wants from … [Read more...] about The Promissory Agreement