Homes for sale
Recap When you buy a house in Mexico, everything starts with three milestones. The first is the offer to purchase, in which the buyer’s lawyer puts down the basics of the offer. That offer matures into a promissory contract. They take everything from the offered purchase, and then they add a lot more clauses and more … [Read more...] about Buying Your House Long Distance: Purchase Sales Agreement
The next step of the process of buying your house in Mexico is physical and legal delivery. Physical delivery of the property is another way to say that you get the keys. You and the seller sign some documents acknowledging that the physical possession of the property now lies with the new owner. Regarding the … [Read more...] about Buying Your House Long Distance: Physical and Legal Delivery
To continue with the series of blog posts, Buying a House Long Distance, it is essential to define some terms. First, the fideicomiso or bank trust in Mexico is a contract by means of which a natural or legal person, national or foreign; affects certain goods or rights for a lawful and determined purpose, for its own … [Read more...] about Buying Your House Long Distance: Bank Trust in Mexico
We have already talked about the first three steps for buying a home in Mexico, finding a real estate agent, making an Offer to Purchase, and then a Promissory contract. Now we will discuss the closing costs involved in a real estate transaction. Notary fees When buying a property for sale in Mexico, there are four … [Read more...] about Buying Your House Long Distance: Closing Costs
In the prior weeks, we talked about the first steps to purchase your house in Mexico from abroad. In other words, what you need to do to be the owner of your own piece of paradise. Let's now talk about the next step, the Promissory Contract. First, we talked about the importance of hiring a Real Estate agent to … [Read more...] about Buying Your House Long Distance: Promissory Contract
Step 2: Offer to Purchase You may be wondering what the next step is to buy a property abroad once I have chosen an agent. Well, once you have an agent, the next step is to have a conversation or fill in the questionnaire and communicate all the details possible of your dream home in Mexico. Having chosen it you may … [Read more...] about Buying Your House Long Distance: Offer to Purchase
Step 1: Hire a real estate agency Internet is evidently the first step for buying your house long distance in Mexico. Looking where to buy a home or condo or where to put that investment money is not easy. Less if you do it from one city to the next, or from one country to another. You may ask yourself, is it wise to … [Read more...] about Step by Step of Buying Your House Long Distance
If you're thinking about buying a home in Mexico, you're likely to hear the term "escrow" or "depósito en garantía". Let's discuss what an escrow account in Mexico is, how it works, and how it can help you. What is an escrow? An escrow is a legal arrangement in which a third party holds a guarantee until a … [Read more...] about Escrow account in Mexico Real Estate:
