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Purchasing Real Estate in Mexico PDF Print E-mail

Buying Real Estate in Mexico is a personal choice. Mexico is a country with wonderful natural places and beautiful coastal areas to choose from.

Perhaps you are thinking in buying a place to retire or just to spend your vacation. Property values in Mexico tend to increase year after year, it all depends on location.

If you are considering purchasing property in Mexico, you will need to do extensive research. For many years, most property deals in Mexico were cash only, buy now most banks are now beginning to offer mortgage financing, although there is a requirement of 30-40% down payment and the interest rates are not as attractive as the ones in the US. Because of this you may be advised to have your own foreign funding either through an equity-release scheme or other fund.

Contact the real estate agent of your choice. They will be able to guide you towards the best financial institutions as well as the available properties in the desired area you choose.

Mexican Law allows residential transactions from seller to buyer, a Public Notary can guide you through the process. Keep in mind that the real estate agent and the Public Notary can prevent you to fall into legal mistakes when purchasing real estate in Mexico.

 



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