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

Buyers’ Rights and Privileges

Can Foreigners Buy Property 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. What is the Restricted Zone? In the restricted protected zone, a Trust Deed is used. These protected areas include 100 kilometers along all-natural borders, 50 kilometers along coastlines, and all of Baja California. Banderas Bay is primarily in the restricted zone.

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What is the Fideicomiso?

Foreign Ownership in Mexico

A client who recently bought a condo in Puerto Vallarta, called and said, “Please write a summary of the basic points of foreign ownership: so that not only I can speak about it better, but to teach or remind other foreigners what a unique opportunity we have to own properties near the ocean in Mexico”.

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Purchasing Real Estate in Mexico

Urgent Updated Info: Escrow & Mexican Real Estate

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.

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Five Important Points

Buying Mexican Real Estate In The Restricted Zone

To help you navigate buying Mexican real estate in the Restricted Zone, follow these guidelines: Use an attorney. No, all agents are not educated or experienced enough to take the place of an attorney for you. I recommend one who is bilingual and bi-cultural. A client needs to be told what is happening here and how it is different from what he is expecting.  Many transactions have closed because a good attorney solved the legal problems of the sale. A good attorney charges a fair fee for his/her expertise and skill.

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