Buyer’s Guide to Investing in Mexico – Everything You Need to Know Before

Wish to live the life of your dreams on the beautiful coast of the Riviera Maya? You’re ready to learn all you need to know about Playa Del Carmen property investments! Whether you are looking for your dream home or a great property to invest in, Mexico is brimming with excellent opportunities for buyers and even better deals. From a traditional sale to a short sale of real estate in Riviera Maya, the chances of acquiring your ideal property at a pocket-friendly price have never been greater.

Qualifying Rules and Regulations of Mexican Real Estate

Today, the only buying restriction for non-natives is if the desired estate property sits within 50kms of a coastline at high tide or within 100kms of an international border. If that’s the case, buyers must use a Fideicomiso system which requires the purchase be made through a 50-year bank trust. The bank then becomes the trustee and the foreign buyer becomes the beneficiary of the trust with all rights of ownership.

The Mexican real estate property can be sold, leased or passed on to heirs, and the property trust can be renewed at any time for another 50 years. If the trust is not renewed within the time period, there are an additional 10 years to do so. Those are looking forward to commercial real estate investment opportunities in Mexico must do so through a Mexican corporation.

Easy-to-Follow Process for Buying Real Estate Properties in Mexico

When you are fully ready (mentally and financially) to find and purchase your perfect Playa del Carmen property, be it an oceanfront home, condo or investment property, you will want to work with a reputable real estate professional to help you navigate the legalities. Once you have decided on a purchase, your estate specialist will negotiate the best price, and you’ll need to place a deposit of 5-10% down. You will then need to get a permit to buy from the office of the Foreign Secretary which includes a clause that foreign jurisdiction will not be sought.

After acquiring the permit to buy, the Mecixan real estate seller will provide the deed which should be reviewed by an attorney. The deed is then transferred, and you make the final payment and register the property, a process taking 1-3 months.

Is There Any Additional Cost Associated?

As in all real estate transactions, there are additional fees. The seller is responsible for fees paid to the real estate professional. You, as the potential buyer, are responsible for the rest:

·         Acquisition and Notary Fees

·         Registration Costs

·         Title Insurance

·         Other (typically minor) Transaction Fees

How the Professionals at Giada Real Estate Can Help?

Being the best and professional, Giada Real Estate is here to help those potential buyers looking to invest in Playa del Carmen, Tulum, Akumal, Riviera Maya or beyond. We have the required deals and expertise you need to find your dream home in Mexico. Give Giada Real Estate a call or drop an email specifying the property details you wish to have and we’ll get back to you soon.