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casitas troncones mx
buying property in Mexico - Step by Step
01
want to buy? let's make an offer!
to make an offer, we prepare the document and you sign it
02
buy-sell agreement review
when the offer is accepted we go through the private buy-sale agreement
03
payments
once the contract is signed, you can transfer the down payment and the next payments according to the agreement
04
trust
we will ask for the documents needed for the trust, send them to the notary and they will give us an estimated closing date (2 months max)
05
closing
you arrive to Zihuatanejo, on the closing date, you transfer the last payment and we hand you the keys, you get a simple copy of the trust
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cheers! you can move in, the house is yours!!!
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3 months later you get the trust with the public property registry number
how do foreigners buy in Mexico?
there are three main ways to buy property in Mexico, through a corporation, a deed or a trust, Mexicans can choose which one to use from the three, foreigners are required to use a trust, or create a Mexican corp
what is the closing cost?
the cost is usually around 6-8%, this includes:
-notaria fees
-permits
-trust/deed creation
-first year of fiduciary fee
-property taxes
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what you will pay: the price of the property + closing cost