As though you needed more reasons to buy Mexican real estate. Most buyers consider a change of lifestyle or warm weather, white sandy beaches and turquoise waters, and friendly, hospitable locals as the principal reasons to buy Mexican real estate. Here’s another one: substantial increase in the resale value of property....
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Financing for foreigners purchasing real estate in Mexico is extremely limited. Mexican Banks do not lend money to foreigners, whether they are permanent or temporary residents, unless they have a minimum of two years of banking history with them....
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There appears to be some confusion as to what needs to be reported to the IRS by US citizens owning property in Mexico. Some US based accountants and tax preparers provide contradictory information and instructions to their clients. ...
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Congratulations! You have decided to purchase a new property in Mexico, and you have seen quite a few advertisements regarding presale properties. ...
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North Americans are familiar with the concept of Escrow Accounts. The buyer deposits the funds with an Escrow Agent who will disburse them only according to the instructions agreed upon between the buyer and the seller. ...
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