Things to do while buying Property in Mexico

If you are going to buy Mexican Real Estate, you should take a copy of the actual "escritura" or
deed, to the local notary public to check the deed's validity before you commit to anything or make a down payment on a property. This should be given to you by the seller with no hesitation if all of the proceedings are legitimate. If you are buying Real Estate in Mexico from a real estate developer, you should still have the notary public check to make sure that the developer has all of his or her permits, not only for the development, but also for the construction before buying any type property. Remember that no matter how formal or attractive the document may look, that if it promises to give you a deed at some time in the future, it is not a deed, but is instead a sales contract.

When evaluating Mexican real estate, whether it is Puerto Vallarta Real Estate, Cancun Real Estate or Playa del Carmen Real Estate, it is also essential that you have the notary public verify that the land is not "ejido" land, which is a term that means communal, agricultural land. Even though this type of land can be purchased, remember that it is always a very risky deal because it is not actually your property, but is communal, meaning that you are merely allowed to use it.

In short, you should always insist on making any Mexican Properties transfer agreements or transactions in front of a notary public, and do not allow yourself to be pressured by anyone who wants money up front first. You and any other party involved will need to supply proof of full name, marriage certificates, proof of place and date of birth, official photo identification, and your visa before any transactions can take place between you and the seller. This is for your own protection, so be sure to have these documents ready!

Before You Buy Real Estate in Mexico

No matter who you are, if you are going to buy a piece of Mexican real estate – no matter how small or how large the property in question may be – you will need to become familiar with the services that are offered by the local notary public before moving ahead in any fashion with a real estate transaction. The Mexican notary public will hold your hand right from the very beginning of the purchase, and a title search will only take him, at the most, a few days. If there is any potential problem with the title, you can be sure that the notary public will not want to ruin a good reputation (or lose a job) by trying to hide it, and he or she will let you know immediately.

If you become committed to buying a piece of quality Puerto Vallarta Real Estate, Cancun Real Estate or Playa del Carmen Real Estate in Mexico in a reasonable time frame with reasonable expectations, the chances are very good that you will never have a problem throughout the buying process of any Real Estate in Mexico. The key point (and this really can't be stressed enough) is that you have to be diligent while you are doing your research, and you also need be a little more cautious than you would if you were buying real estate in your native country. This is not because the people and professionals you will deal with in Mexico are villains; in fact you will find that the Mexican people are the farthest thing from villainous! Rather, the reason you need to be careful is that unless you are a native of Mexico that is coming back, or unless you are married to or related to a Mexican native, you will have to overcome the language, cultural and legal barriers that would be present no matter where you bought land, unless it is in your own country.