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
promissory agreement
3 Types of Contracts When Purchasing Property in Mexico
There is a process of three separate contracts when purchasing property in Mexico. In systematic order they are the offer to purchase, the promissory contract and the purchase sales contract. All three of these agreements have a specific purpose. Each one occurs sequentially to the next as the proposed sales furthers … [Read more...] about 3 Types of Contracts When Purchasing Property in Mexico
Clauses in a Promissory Contract
Last week we presented our latest webinar which spoke about importance of the promissory contract. One of the aspects of the agreement that we touched on were the clauses that are put in to help protect you as a buyer, so I´m going to focus on that today to understand them a bit better . But first, let´s recap what … [Read more...] about Clauses in a Promissory Contract
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