Mexico Property Advice

Mexico Property Advice

If you are thinking about purchasing property in Mexico but you are a bit wary, you are not alone. While there really is nothing to fear when it comes to purchasing real estate in Mexico it can be a bit daunting, and you are right to be here seeking some Mexico property advice before making your investment. This article is aimed at people like you who want to find out more about Mexico property purchasing.

Mexico Property Advice

Get help from someone you trust

It is recommended (but not essential) that you hire an attorney who is familiar with property laws in Mexico and who can speak both Spanish and English. Working with a reputable professional real estate agent whom you trust is another alternative. You will however, need the services of an accredited notary public.

Select the property you want, then verbally agree on a price

The first step is to find the appropriate property for your requirements and desires then agree a price verbally.

Get a sales agreement (Convenio de Compra/Venta)

The next step is to get a “Convenio de Compra/Venta” also known as a sales agreement, which is where your attorney or notary will come in handy. This agreement should cover all the property costs, any exclusions or inclusions and a deposit (generally 5-10%, and if you cancel your purchase, then the deposit is non-refundable).

Property Trust

Non Mexicans need to set up a property trust known as a fideicomiso if the property that you are wanting to purchase is within the 50km border zone, which includes the coastlines. If the property is not within the border zone, then usually no trust will need to be set up. This can be done at most reputable banks and is recommended over having some private third party “lend” their name.

Permission to purchase land

The Foreign Secretary Office must grant permission for you to purchase land in Mexico, and this permission is called the “Calvo Clause”, which states you are not seeking any foreign jurisdiction for the property you are wishing to purchase.

Consulte a Notary Public

If the property that you are purchasing is being sold by a real estate developer, then seek advice from a Notary Public, so the Notary Public can check for all permits. If you are buying directly from the seller, you will need the help of notary to ensure that all tax bills, utilities bills and any service fees on the land have been paid.

Ask to see a copy of the deed

Ask the seller of the property for a copy of the property deed. The Notary Public will make sure the deeds are legal and you should ask the Notary Public to make sure the land is not ejido land, which means that its sale is restricted.

Immigration Status

Make sure that your immigration status is legal when you purchase. That means you will need to have a valid 6 month tourist permit or official visa, so the Mexican government knows you are legally allowed to be in the country.

Prepare Documents

Make sure you have copies of any marriage or birth certificates, your passport, migratory documents, etc and be prepared to have them translated by an official translator (known in Mexico as a “perito”) and apostilled.

Capital Gains Tax

The seller is responsible to pay all Capital Gains Tax unless you, the buyer, have agreed to pay or divide these taxes.

Final Payment

The final payment will be made at the notary public’s office at the signing. You may wish to have your attorney with you when paying with cash or financing from a bank.

If you would like anymore Mexico property advice, click here.

Mexico Property Advice for Riviera Nayarit

Riviera Nayarit, with its fabulous beaches and scenic landscapes makes owning a Mexico property a dream come true for homeseekers and investors. Before preparing your finances and booking the removal trucks, here is some advice to heed for buying Mexico property in Riviera Nayarit.

Advice for buying Mexico Property in Riviera Nayarit

Consider both Full and Fractional Property Ownership

If you have the money to pay for it, becoming a full property owner in Riviera Nayarit, Mexico is a great choice. A special bank trust is mandatory for non-Mexican residents to purchase land within 50 km of the beach because it is classed as federal land. However, the bank trust, known as fideicomiso, is very secure and gives you all the recognized legal rights to the property. Fractional ownership is also a option in many high end Mexican properties, which means you can invest in a more luxurious home for less.

Consult a Trustworthy Real Estate Agent

Unless you know exactly which property you wish to purchase, such as in the case of homeowners buying Villa La Estancia Residences direct from the developer, you would be best advised to select a reputable real estate agent. Finding the right agent in Riviera Nayarit for your needs can be a tedious process as there are so many realtors to choose from. The best advice is to look for real estate agents with the right qualifications and extensive experience, such as being a member of the prestigious Mexico Professional Real Estate Association (AMPI). The rest is up to how you click and if you feel that the agent has fully understood what you are looking for.


Many people do not realize that they can take out a Mexican mortgage to purchase a property in Riviera Nayarit. Nowadays, owning a condo or a home in Riviera Nayarit is possible through a Mexican bank mortgage for foreigners. It can do wonders in your finances by giving you the freedom and flexibility in handling payments. Homeseekers interested in buying a property at Villa La Estancia Residences, Riviera Nayarit can also take advantage of developer financing for a limited time, providing financing for up to 10 years.

Purchase Times and Processes

You should anticipate that the purchasing process time will take a longer than doing it in your home country. This includes the process of qualifying you for a mortgage and preparing all the paperwork to make everything smooth and legal. It’s not complicated, it’s just better to be informed beforehand so as not to lose your patience.

What to know about Buying Land in Mexico

Buying land in Riviera Nayarit is a little more tricky, and although there are many lots for sale, there are those that can’t be sold. Many of the most appealing plots of land are restricted for sale to both foreigners and Mexicans because they are what is known as “ejido” land. Ejido land is that which belongs to a particular community and can only be leased and not sold. Talk to a licensed agent if you are set on buying land, he or she will be able to direct you to legitimate lands for sale.

Being a property owner in Riviera Nayarit, Mexico is a big decision but one that will bring years of enjoyment for you and your family. For more advice, leave your questions in the comments box.