{"id":2874,"date":"2011-01-11T01:48:53","date_gmt":"2011-01-11T07:48:53","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/temp-blog\/?p=2874"},"modified":"2017-08-30T10:36:04","modified_gmt":"2017-08-30T15:36:04","slug":"buying-mexico-real-estate-step-1-finding-your-team","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2011\/01\/buying-mexico-real-estate-step-1-finding-your-team\/","title":{"rendered":"Buying Mexico Real Estate \u00e2\u20ac\u201c Step #1, Finding Your Team"},"content":{"rendered":"

When buying Mexico real estate<\/a>, what is the first step you would take?\u00c2\u00a0 Looking for a property?\u00c2\u00a0 Finding financing?<\/p>\n

Let’s try this question another way; if you were to invest $150,000 in the stock market, what is the first step you would take?\u00c2\u00a0 Finding an experienced, reliable broker, of course; this is a large amount of money we’re talking about.<\/p>\n

\"\"Most of the time, when buying a Mexico property<\/a> for vacations or retirement, you’ll be spending similar amounts of funds, sometimes considerably more.\u00c2\u00a0 Even you are on a smaller budget, looking for a less expensive property, it’s still a good chunk of your savings or income you’re considering.<\/p>\n

So, why not apply the same logic as with the stock market?\u00c2\u00a0 Buying real estate, especially in a different country with different laws and business culture, is an investment and a risk; it’s very advisable to minimize unnecessary risks as much as possible, and ensure that you are buying safely.<\/p>\n

Your Mexico real estate team is the key to this.\u00c2\u00a0 Considering this point, your very first step should be to build your team of professionals who will guide you through the process.\u00c2\u00a0 The central figure in this team will be your agent.<\/p>\n

Your <\/strong>Mexico agent<\/a>.\u00c2\u00a0\u00c2\u00a0 Together with the broker of his office, the agent will act as your “point guard,” helping not only to identify properties that fit your criteria, but also to qualify property options, and recruit the remainder of your team.\u00c2\u00a0 Take your time in selecting your broker, ask for credentials (degrees, certificates, membership in Mexico’s professional real estate association [AMPI]) and references from past clients.<\/p>\n

Notary Public. <\/strong>There distinct differences between a notary public in the U.S. and a notary public in Mexico. In the U.S., a notary public might be a bank clerk, secretary at the office, or practice any other occupation.\u00c2\u00a0 In Mexico, the notary public must have a law degree, verifiable experience, and pass a rigorous exam. They are appointed for a lifetime term by the governor of each state.<\/p>\n

The notary public is the only authority able to transfer the domain from one person to another. No one else can assure that you own a piece of real estate.\u00c2\u00a0 Your agent will be able to refer you to the notary public office, and help you ensure that all your documentation is properly notarized.<\/p>\n

While these two are the key figures in your team, others include:<\/p>\n