Closing the Deal – Real Estate in Mexico

Posted by Mexlaw

Did you know foreigners can buy property in Mexico without holding resident status? Although visitors to Mexico can purchase real estate without applying for temporary or permanent residence, holding a resident card will benefit you when it comes time to sell. Claiming the property as your principal residence may exempt you from any capital gains tax on the sale. Obtaining Mexican citizenship will allow you to purchase property in the restricted zone, which refers to properties that are 100 kilometers from the border and 50 kilometers from the coastline, without a fideicomiso, bank trust or a Mexican corporation. You have found...

03 April

0 Comments

Sticky

Renovations in Mexico, Protect Your Real Estate Investment with a Legal Contract

Posted by Mexlaw

in Legal Services, MexLaw

If you plan on renovating or building a new home in Mexico, you need a legal contract between you and the contractor. As in any country, you would not hand over the money and trust someone with such a large investment. Entering into a legal contract with your contractor will protect you and your property from budget overruns, fraud, and litigation. Living in Mexico you may notice that prices and quotes change, and mañana may not mean tomorrow, home construction can be one of the most stressful events in your life, you need to know you can rely on your...

15 December

0 Comments

Sticky

Buying Mexican Real Estate, Who is Looking Out for Your Best Interest?

Posted by MexLaw

in Legal Services, MexLaw, Real Estate

If you are purchasing property in Mexico, your real estate agent may choose to hire a Closing Coordinator to collect all the documents required to close the deal. The Closing Coordinator is typically an independent professional that is involved in many different real estate transactions and will communicate with the buyer, seller, real estate agents, appraiser, the Notario, bank of the Fideicomiso, and the government agencies. They are an impartial representative and organize the groundwork for the Notario. Although the Closing Coordinator may be an attorney with experience in real estate transactions, he or she is not your Real Estate Attorney and...

26 November

0 Comments

Sticky

Real Estate Legal Services

Posted by MexLaw

[vc_row triangle_shape="no"][vc_column offset="vc_col-lg-12 vc_col-md-12"][vc_empty_space][vc_column_text] Imagine having an experienced team of professionals accompany you through the entire process of purchasing real estate in Mexico. You can rest assured that your interests as the buyer are protected at all times. Mexlaw has the experience and the competence to represent you through the entire process. Our professional team has the knowledge necessary to guide you through the intricacies and customs of the Mexican Real Estate market while providing you with a familiar format in concluding the transaction and insuring your title. Because we are Canadian and American certified lawyers, we can also provide you...

14 November

0 Comments

Sticky

Simple Check List for Condominium Buyers in Mexico From the Real Estate experts at MEXLAW

Posted by Mexlaw

in MexLaw, Real Estate

Condo life is not for everyone; it has some disadvantages, but it can also be a perfect way to vacation, invest or live in Mexico. Condominiums offer a low maintenance lifestyle with plenty of perks. Before you decide on a condo, do your research, review our checklist to see if your potential investment qualifies to be your new home. There are many important legal matters to deal with during a real estate purchase, which you will discuss with your attorney, but these simple points should be considered before you choose your condo. Review The Condominium Regime. This important document is...