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

The Purchase of Real Estate

Buying Property & Real Estate in Mexico

Foreigners (non-Mexican) are able to purchase real estate in Mexico. They may directly own rural or urban land in the interior of Mexico with certain limitations on specific agricultural tracts.  In the restricted protected zone, a Trust Deed is used.

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Owning Real Estate in a Foreign Country

Becoming an Expat in Mexico

Hi, I am Harriet Murray from Puerto Vallarta, Jalisco, México. PV has been my home for 23 years. It was not a planned stay….. I had come to Vallarta for a week in September for almost 10 years before the fateful extra trip in 1996. It occurred to me this time, since I was alone and not distracted by other friends, what would happen if I decided to stay and live, for the first time in my life, outside the USA.  My friends thought I was either crazy, or I would change my mind and not stay any longer than a few more weeks.

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Real Estate in Puerto Vallarta

Do You Really Know Your Real Estate Agent?

A recent discussion with a seller made me realize she needed to become aware of misunderstandings which could happen by her not understanding Mexican immigration and tax requirements. In this local real estate market, nationals and foreigners should be registered to do business and pay taxes to Hacienda or the Mexican IRS.  However, there are people who choose not to be registered and illegally earn income they do not report.

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Buying Property in Mexico

What You Need to Know About Escrow

Escrow as we know it in the US and Canada is not required in Mexico. The choice to use escrow is negotiated between buyer and seller.  Using a third party to hold funds is what most Americans and Canadians believe is the proper way to purchase or sell a property. A Mexican has a different experience.  A third-party holding purchase funds is a risk, to a national.  His experience is the opposite: If a buyer wants to purchase a property, he gives the seller a deposit, directly.  When the buyer has all his funds, two parties go to the notary and the deed is signed. Many times, there is no mortgage or trust, so what funds the buyer needs to pay, are paid directly to the seller with no third-party escrow.

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