Everything you need to know about buying and selling real estate in Mexico, Puerto Vallarta, and the Banderas Bay region

Questions to ask your real estate agent

How Do You Pay a Fair Price?

I probably don’t need to tell you to do research and ask questions of your real estate agent before you make an offer. Ask for: Research Recently Sold, Comparable Properties. A comparable property is one that is similar in size, condition, neighborhood and amenities. One 1,200-square-foot, recently remodeled, one-story condo should be listed at roughly the same price as a similar 1,200-square-foot condo in the same neighborhood.


Buying Property in Mexico

Who Does the Notary Represent in a Real Estate Transaction?

Who are the members of the team required to transfer property in Mexico? The team in Mexico can include: the real estate agents, notary, attorneys for buyer and seller, transaction coordinator, escrow company. When needed, specialists such as land surveyors, structural engineers, and tradesman such as plumbers and electricians can inspect the property.


Don't Procrastinate

Do Your Homework When Selling Real Estate

As a seller, you should know when you offer your property for sale, if you have an exemption or deductions to use against capital gains. When an offer comes in, it should say both buyer and seller agree to their usual closing costs. Capital gains tax is an expense and part of your closing costs. You want to make sure your listing agent has helped you determine ISR tax and any applicable strategy, before your property is being promoted.


Your Purchase And Sale Price Are Recorded In Mexican Pesos

Currencies and Real Estate in Mexico

Now that I have your attention: I want to explain some concepts which I hope will make the experience of buying and selling Mexican properties more understandable. You, as a seller can agree to receive the proceeds of a sale in Mexican pesos, US or Canadian dollars, or any currency.