Purchasing Real Estate in Mexico
Purchasing real estate in Mexico entails a series of specific procedures and requirements. This may turn this exciting initiative into a disappointing nightmare if you are not duly informed and prepared to embark on this quest. In fact, InheritEstate is the leading network of attorneys specialized in real estate in Mexico. Moreover, our team is capable of offering a unique and customized service that goes beyond the mere field of international law.
Purchasing Real Estate in Mexico
One essential factor in dealing with real estate is local presence. Furthermore, it is crucial to actually be where the real estate transactions take place, in addition to having an in-depth knowledge of the local government requirements and formalities.
There are many districts, cities, towns, and municipalities where InheritEstate provides legal services all over Mexico. For example, Mexico City, Tijuana, León, Puebla,
Ecatepec, Juárez, Zapopan, Guadalajara, Monterrey,
Nezahualcóyotl, Mexicali, Querétaro, Culiacán,
Mérida, and Aguascalientes among others.
Purchasing Real Estate in Mexico
InheritEstate can offer you a time and cost-effective solution that adapts to your particular situation and needs. In fact, there is an endless array of cases we can help with. Also, you may want to acquire real property as an investment or a residential property. Also, you can set up your own business in Mexico or sell inherited property. Also, you may need a second opinion as regards a property sales contract.
The Constitution of the United States of Mexico clearly states that foreigners are not allowed to own real property within “restricted zones.” This restricted area is located within 31 miles from the coastline, or 62 miles within the borders of Mexico. Nevertheless, we can help you set up a bank trust (fideicomiso, in Spanish), or a corporation based in Mexico. This will enable you to acquire real estate within said restricted zones in Mexico. At InheritEstate, we can process all these mandatory government requirements, in addition to obtaining the corresponding permits, as well as seeking financing, if necessary.
Purchasing Real Estate in Mexico
Our team of real-estate lawyers also includes the following experts and professionals: financial agents, certified tax accountants, auditors, document facilitators, database analysts, paralegals, researchers, real estate appraisers, buyer/seller locators, home and land inspectors, investment planners, mediators, realtors, real property insurance experts, marketing agents, real estate translators, notaries public, soil experts, business advisors, etc.
These are just some examples of the real-estate transactions we have successfully handled for our overseas clients in Mexico:
listing agreement, agribusiness, land appraisal, material fact, punitive damages, trust funds, agency confirmation provision, agency law disclosure, annual property operating data sheet (APOD), insurance policies, counteroffer, credit reporting agency, debt-to-income (DTI) ratio, chattels, defacing, assessment, eminent domain, equitable indemnity, debris removal insurance policy, equity purchase, land ownership, equity purchase investor, estimate, exclusive agent, fiduciary duty, forecast, further-approval contingency, general duty, easement, good faith deposit, home inspection report (HIR), open listing, owner’s statement, principal disputes, projection, public accommodation, public housing, right of rescission, transfer disclosure statement (TDS), trust account, trust fund, unknown and unsuspected claims, etc.