Will you need a trust? Foreigners can't buy Mexican real
estate in their own names in Mexico's "restricted zone"
near coastlines and borders, but can purchase as the beneficiary
of a Mexican trust and still retain property rights.
Did you get references? Mexico has no formal real-estate
licensing requirements: Get references if using an agent.
Do you know who's involved? There are at least four players:
the real estate company/seller, buyer, bank and the public
notary. A fifth, an attorney, is highly recommended. (A licensed
Mexican attorney should be able to quickly produce a "cedula
professional," including photo and signature.)
Do you know who pays for what? Buyer pays notary fees, transfer
tax and other closing costs. Seller typically pays agent commission
and any capital-gains tax.
Is your title clear? The Mexican notary's title search may
not be thorough. An attorney or title company can determine
if there's a complete and clear chain of title, and if the
subdivision or condominium complex where the buyer will live
has been officially approved by the municipality.
Main story: Buying
real estate in Mexico gets easier