How to Purchase Homes for Sale in Mexico
Mexico has become a hot destination for many investors seeking for luxury, affordability and the opportunity to pamper yourself. Homes for sale in Mexico come in a wide variety whether you intend to splash out in a flamboyant property, or looking for something modest, yet still perfect for your needs.
One of the benefits of purchasing property in Mexico is that you do not have to have Mexican citizenship to achieve this goal. However, the constitution of the country had previously banned foreign nationals from purchasing in the country in order to protect it from invasion.
The country’s Foreign Investment Law of 1973 has been amended and now allows foreign nationals to purchase anywhere in the country except within the “restricted zone”. Details of the restricted zone can also be read about in the National Registry of Foreign Investment in Mexico.
At Ron Morgan Properties you are looking at the best choice when it comes to buying homes for sale in Mexico. Contact us today for information about how we can assist you and make your endeavor a swift, simpler experience and most of all to find your perfect property.
Here’s how we can help you find homes for sale in Mexico
We have a team of highly specialized real estate agents that are ready to assist you with all you need to get that perfect home. The Multi-List System used in Mexico works similar to the ones used in other countries like USA and Canada.
Listed properties will be scoped out by agents and their agencies to ensure that all is well with the deed and that there is nothing that could hinder closing. These checks also verify if the seller is legit to sell the property and that any mortgages or trusts have also been disclosed.
Once an offer is made on Real estate Mexico homes, it will undergo an inspection and the prospective buyer will review HOA documentation such as financial details, by-laws, annual meeting notes and more.
The offer will also have information regarding the acknowledgement of any legal issues related to the property and staff. The next step will happen after the offer or counter offer is accepted and its during this time that money exchanges will take place.
The agent you’re dealing with will also accompany you or your power of attorney to the closing. At the Notaria’s office which is the same as the notary public in USA both the buyer and the seller will sign the agreement after the closing coordinator reviews the deed with the buyer.
The registration process takes a few months to complete and once the Bank Trust Officers and the Notaria signs the documentation, the Notaria will send the deed to officially register the buyer as the owner.
These are the basics of how to buy a home in Mexico and it is recommended that you use a trusted AMPI (Asociacion Mexincana de Profesionales Inmobiliarios) or in English “Professional Real Estate Association in Mexico”.
So get in touch with us at Ron Morgan Properties and let us help you find clarity and make the best choice amongst the homes for sale in Mexico.