Real Estate News

Frequently Asked Questions

Your questions, clearly answered.

• 01 Can foreigners legally buy property in Mexico?+
  Yes, through a fideicomiso (bank trust) or a Mexican corporation.
• 02 How long does the buying process take?+
  On average, it takes 6–8 weeks to complete all legal and bank procedures.
• 03 Do I need to be in Mexico to close the deal?+
  Not necessarily, you can give a power of attorney to your lawyer.
• 04 Can I buy property remotely?+
  Yes, with a power of attorney, you can buy remotely.
• 05 What is the role of a notary in Mexico?+
  A notary verifies and registers the property transaction.
• 01 What is a fideicomiso?+
  It’s a bank trust that allows foreigners to hold property in restricted zones.
• 02 Is the property fully owned by me?+
  Yes, you are the beneficiary of the trust with all rights of ownership.
• 03 Do I need a notary?+
  Yes, all real estate transactions must be formalized by a Mexican notary public.
• 01 What are closing costs?+
  They range from 4–7% of the purchase price, covering notary, taxes, and registration.
• 02 Do I pay annual property taxes?+
  Yes, property tax (Predial) is very low in Mexico compared to other countries.
• 03 How much does a fideicomiso cost?+
  Setup is around $500–$1,000 USD, plus annual fees of $400–$600 USD.
• 01 Can I rent out my property?+
  Yes, short-term and long-term rentals are allowed, but taxes apply.
• 02 Can I build on my land?+
  Yes, as long as you comply with local zoning and building regulations.
• 03 Can I live in Mexico full-time?+
  Yes, but you will need to apply for a temporary or permanent resident visa.
• 01 Is buying property in Mexico safe?+
  Yes, if done with a trusted notary and proper legal due diligence.
• 02 How do I avoid scams?+
  Always verify the property title with the Public Registry and use a notary.
• 03 Is title insurance available?+
  Yes, many companies offer title insurance for added security.