7 STEPS TO BUYING A DREAM HOME OR LAND IN MEXICO

  1. Chose a reputable developer and or buyers representative along with a recognized real estate attorney and start the process to create your bank held trust "Fideicomiso"
  2. Find a property
  3. Make an official documented offer
  4. Promissory Agreement- a monetary amount agreed upon that you will send as a promise to buy- there is usually a term set where you can walk away from this and be fully refunded.
  5. Sign the Sales Agreement- a legally binding document that you now will move forward with the terms set by the seller in order to purchase your property.
  6. Delivery of unit- this means the keys will be handed over to you once you approve that the building and or property is as agreed upon and you have made all the agreed upon payments.
  7. Closing and Title Transfer- payments of the closing costs ( estimated 10% of the sale amount) all deeds signed etc.

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