FAQs Archive

Q: 10) How does the trust function?

Title of the property is assigned to a trust with a Mexican bank acting as Trustee. The Trust Agreement is formalized by the division of a permit from the Mexican Ministry of Foreign Affairs. The buyer is titled as Beneficiary in the Trust and the beneficiary rights are listed in the public record by a Notary Public.

Q: 8) How do I pay for my real estate investment?

We use the Escrow service where a third party on behalf of the buyer and seller manages the money portion of the transaction.

Q: 7) How much is the transfer tax?

The transfer tax ranges between 3% to 6% of the tax appraisal value, which in general is less than the sales value.

Q: 6) What are the Public Notaries activities?

A Public Notary is a lawyer who reviews all official documents to ensure the proper transfer of the property.

Q: 5) Who will be involved in Real Estate transactions in Mexico?

Normally there are five players involved in a real estate transaction. These are the real estate company(ies), the seller, the buyer, a bank, and a Public Notary.

Q: 4) How long does the buying or selling process take?

This process might take between 30 to 60 days when using a Bank Trust.

Q: 3) How much are closing costs?

The closing costs vary from 5% to 7% of the investment. The percentage depends on the area where you acquire your property.

Q: 2) Can I buy a property near or in front of the ocean?

Yes, laws have made it possible for foreigners to invest in coastal real estate through a bank trust.