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 contract
The Promissory Contract – A Powerful Document
When purchasing Mexico real estate, after the buyer accepts your offer to purchase, you will receive the promissory contract. If your offer document has excellent details, it is a great framework for preparing your new document that will bridge the time between your offer and signing your title deed. Typically, the … [Read more...] about The Promissory Contract – A Powerful Document
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
Lawyers, Notaries and the Purchase Process
This week Top Mexico will be presenting its´ latest webinar entitled ¨Safely Purchasing Property in Mexico¨. I´m sure all of you can´t wait for it to begin, so I will dedicate today´s blog to the subject which I will be speaking about. I´ve included special mention of the role played by your lawyer and the … [Read more...] about Lawyers, Notaries and the Purchase Process
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 3 Basic Contracts When Buying a Property in Mexico
Buying property in Mexico involves a series of contracts. Today we will look at the 3 Basic ones that you will encounter as part of the purchase process in Mexico. They are the Offer to Purchase, the Promissory Contract, and the Purchase-Sales Contract. This last one is drawn up and legalized by the notary public, then … [Read more...] about The 3 Basic Contracts When Buying a Property in Mexico