Mexico is a hot market due to low prices, great climate and relatively good standard of living for expats. But what should you expect before becoming a property owner? It is difficult to buy real estate in this Country? Let us guide you in the process.
Step 1. Reserving the property
After choosing the property, you make a written offer to a seller with the help of your broker and pay a deposit of 5-10% of the property value.
You can make a deposit in cash, by bank transfer or by cheque. It serves as a guarantee of the transaction. Your real estate agency keep it until the signing of the ownership document (escritura).
If the seller refuses to conduct the transaction for some reason, the deposit is returned to the buyer in full. If the transaction did not occur due to the buyer's fault, the seller keeps the deposit.
The offer does not require notarization, but can be signed, scanned and sent to both parties by email. The offer specifies the terms of the transaction: the cost of the property, the form and terms of payment, the amount and form of payment of the deposit, as well as penalties if one of the parties does not meet the conditions.
Both signing and deposit secure the property to the buyer and allows you to start preparation of the transfer of ownership rights.
Residential Property For Sale
236 747 €
Apartment in Mexico
62 sq.m11
This unique residential boutique complex is located in one of the best places of Playa del Carmen in the Italian area, it is ideal to spend an afternoon summer drinking coconut juice. Or, on a January morning, sip a cup of coffee while enjoying the amazing colors of the turquoise shades of the Caribbean Sea.
The exclusive residential complex...
Property Investor
346 733 €
Apartment in Mexico
106 sq.m23
This unique residential boutique complex is located in one of the best places of Playa del Carmen in the Italian area, it is ideal to spend an afternoon summer drinking coconut juice. Or, on a January morning, sip a cup of coffee while enjoying the amazing colors of the turquoise shades of the Caribbean Sea. The exclusive residential complex is...
Property Investor
548 993 €
Penthouse in Mexico
404 sq.m33
Hugging the white sand coast of the Caribbean Sea, this development of boutique hotel rooms & residences offers a luxurious vacation retreat in Riviera Maya, Mexico. With its chic, modern architecture at water's edge and authentic Yucatan spirit, our AAA Four Diamond hotel is an idyllic escape for family vacations, romantic getaways,...
Property Investor
1 864 153 €
Hotel in Mexico
1000 sq.m
For sale beautiful Mediterranean-style hotel with 20 rooms, including a reception, restaurant area, swimming pool and wide corridors. It is located in the fastest growing area within Aldea Zama, in front of the new commercial area called the New Fifth Avenue in Tulum.
Services, water and drainage, electricity.
PROPERTY FEATURES
Air...
Property Investor
2 330 192 €
Hotel in Mexico
750 sq.m
Remote Transaction
Experience Mexico like never before at this hotel , a uniquely spectacular boutique hotel steps from from Playa del Carmen’s famous 5th avenue and moments away from the beaches of the Mexican Caribbean.
This property features a collection of 20 magnificently unique rooms and suites, reflecting our vibrant history and culture. From the...
Property Investor
237 680 €
Penthouse in Mexico
146 sq.m22
An incredible 2 bedroom boutique penthouse with beautiful views of the surrounding natural elements and jungle of Tulum. The penthouse is located within a brand new development recently completed in 2020, and only 10 minutes from the town of Tulum and 15 minutes from the beach. The entire building only has a total of only 6 units, with its very...
Property Investor
446 465 €
Villa in Mexico
185 sq.m33
This 3 Bedroom open concept villa was built by one of Tulum's most reknowned boutique eco builders. The rooftop terrace is accessed through the master bedroom, and provides a perfect space for quiet morning or for a familly & friends gathering for some cocktails. The open concept kitcken and living area which seemlessly flows into the...
Property Investor
688 805 €
Land in Mexico
2.7 hectares
Incredible 2.37 Hectare Beachfront Lot with 100 Metres of Private Beach & Lagoon Access for Sale in Sian Ka'an Biosphere Reserve, Tulum, Mexico The incredible and exclusive 2.37 hectare beachfront lot has 100 metres of beach frontage on the Caribbean side of the lot, and reaches all the way back into the lagoon on the backside where a...
Property Investor
125 830 €
Villa in Mexico
100 sq.m322
This fabulous 2 bedroom private luxury jungle villa is located just outside of growing Tulum, but still in reach of all necessary amenities and activities, which are numerous in Tulum and area, while at the same time providing a quiet retreat away from the hustle and bustle when needed.
The villa is designed with an open concept living room...
Property Investor
375 627 €
Villa in Mexico
180 sq.m23
ResidenceOnline ViewingRemote TransactionCryptocurrency paymentCredit for 20%
Gobal Costa Maya Project is a residential complex with private beach, white sands and the incredible turquoise blue of the Caribbean Sea near Cancun and the Riviera Maya.
We have land, residences and furniture for sale
You can book any property by paying a down payment of US $34,000 (600,000 Mexican pesos). And after two years, make up the...
Gobal Costa Maya
347 665 €
Villa in Mexico
180 sq.m23
ResidenceOnline ViewingRemote TransactionCryptocurrency paymentCredit for 20%
Gobal Los Cabos Project is a residential complex with private beach, golden sands and the incredible turquoise blue of the Pacific Ocean near Los Cabos and Todos Santos (famous Hotel California).
We have land, residences and furniture for sale
You can book any property by paying a down payment of US $34,000 (600,000 Mexican pesos). And after...
Gobal Costa Maya
121 170 €
Land in Mexico
200 sq.m
Online ViewingRemote TransactionCryptocurrency paymentCredit for 20%
Gobal Los Cabos Project is a residential complex with private beach, golden sands and the incredible turquoise blue of the Pacific Ocean near Los Cabos and Todos Santos (famous Hotel California).
We have land, residences and furniture for sale
You can book any property by paying a down payment of US $34,000 (600,000 Mexican pesos). And after...
Gobal Costa Maya
130 491 €
House in Mexico
47 sq.m111
ResidenceOnline ViewingRemote TransactionCryptocurrency paymentCredit for 20%
Gobal Costa Maya Project is a residential complex with private beach, white sands and the incredible turquoise blue of the Caribbean Sea near Cancun and the Riviera Maya.
We have land, residences and furniture for sale
You can book any property by paying a down payment of US $34,000 (600,000 Mexican pesos). And after two years, make up the...
Gobal Costa Maya
143 540 €
House in Mexico
64 sq.m222
ResidenceOnline ViewingRemote TransactionCryptocurrency paymentCredit for 20%
Gobal Costa Maya Project is a residential complex with private beach, white sands and the incredible turquoise blue of the Caribbean Sea near Cancun and the Riviera Maya.
We have land, residences and furniture for sale
You can book any property by paying a down payment of US $34,000 (600,000 Mexican pesos). And after two years, make up the...
Gobal Costa Maya
672 959 €
Villa in Mexico
377 sq.m324
ResidenceOnline ViewingRemote TransactionCryptocurrency paymentCredit for 20%
Gobal Costa Maya Project is a residential complex with private beach, white sands and the incredible turquoise blue of the Caribbean Sea near Cancun and the Riviera Maya.
We have land, residences and furniture for sale
30% down payment and 48 monthly payments.
We have 16 different models with the best amenities to live the ultimate...
Gobal Costa Maya
272 166 €
House in Mexico
201 sq.m322
Urban Townhouse Retreat in San Cristobal, Merida, Mexico Lot Width: 7.35 m | 24.137 ft Lot Length: 40.4 m | 132.655 ft Living Area: 201 m2 | 2163.645 sq ft Lot Size: 296 m2 | 3186.117 sf Bedrooms: 2 Bathrooms: 2.5 Kitchens: 2 Living Rooms: 2 Price: 4,995,000 MXN (approx. $292,000 USD) Located in the southeast quadrant of Merida’s historic...
This exciting new development is located in Tulum, a natural jewel of the Mexican Caribbean, surrounded by white sand beaches & turquoise waters. This luxury residential complex of 19 villas is conveniently located near the serenity of this Caribbean paradise, mangroves & regional cenotes.
The project is comprised of 19 luxury 1 or 2...
Step 2. Signing of the document on the right of ownership
The mandatory stage of the transaction is the signing of the title deed (escritura) in the office of a Mexican notary.
A notary in Mexico (notario publico) registers any real estate transactions and also is responsible for the legality of the transaction. This is an experienced specialist with a legal education, appointed to their position by the state government. You can become a notary only after you have acquired sufficient experience, successfully passed a special exam, and if you meet all the requirements set by the government. After signing the transfer of ownership in the notary office, the notary registers the object in the state registration chamber (registro publico).
But the contract of sale (contrato de promesa de compraventa) is not a binding document, if the terms of the transaction are specified in detail in the offer. This is a bilateral agreement that does not need to be registered with a notary. The document can be signed in a notary office at the request of the parties.
The contract of sale is always drawn up in Spanish, can be signed remotely and sent by email. Both parties can also sign it in person in the presence of a notary. The document specifies the full cost of the property and the payment method.
After that, the buyer makes a bank trust (fideicomiso). To do this, you must present your passport, immigration card, and Mexican taxpayer identification number (RFC) and resident registration number (CURP).
The cost of opening a trust is $800-900. The annual service fee is $500.
After making a trust fund, you transfer the rest 90-95% from the agreed amount of money to the account of the real estate agency. Optionally you or the seller can make an escrow account, which allows to put money there (just like on your personal account), but later the money will be redistributed among the parties after the final settlement at the notary’s.
Step 4. Registering of ownership
The total duration from the moment of making an offer to signing the escritura depends on how long the bank takes to open an account. This usually takes 45-90 days. After that the contract for ownership is registered in the registry publico.
Can I seal the deal remotely?
If you cannot or do not want to attend the final deal personally, you can make a power of attorney for your legal representative. This can be your agent or a lawyer.
If you visit Mexico to choose the property, then you can make it at the notary there. If not, then you can issue a power of attorney in your country, but don’t forget to translate and apostille it.
