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We want to enrich and provide a great experience for buying properties on the international Mexican border.
For this reason we want you to have all the necessary information and requirements so you can buy or rent easily not only that but be 100% satisfied with your choice.
Relocating should not be a bothersome process, on the contrary that if it is necessary to experience the whole process again, you know how and when to do it, always saving time and money.
We have a published a small guideline Buying and selling properties in the North of Mexico.
This paper should help make the right decisions as a buyer or seller of real estate in Mexico, also to give you an idea how the development of the real estate sector is progressing on all regions of the Mexican border.
This territory is formed by the states of Baja California, Sonora, Coahuila, Chihuahua, Nuevo Leon and Tamaulipas.
To further state our point, we have a small list of resources that show the opportunities that lay on the Northern states of Mexico
- The Universal Newspaper published an article of the best cities to live in Mexico.
- A post from 2008 of the 15 most important cities in Mexico, published by the Diario del Sur.
- This is a list of Mexican financial institutions that you can get a loan from, go shopping for your mortgage provider before making any decision is our best advice.
These points should be taken into consideration when you are starting the buying or renting process
- It is recommended that you get legal help to start all the necessary paper work done, please do not try to do it your self.
- Make sure you check the property tittle and have it verified by your lawyer, before beginning any real estate transaction.
- Solicit the clave catastral of the property and verify that it is legal in the local government.
- If you are buying in a private housing development, make sure that the house is located in the construction plans and clearly define the measurements of the land.
- When buying land to build your own home, you need to find out if you can build on that property.
- Make sure you get all the receipts for taxes and permissions paid at the local and state government institutions, check that they area up to date on their payments.
- Buildings and apartments with share facilities, have generally a fee to pay, make sure of the amount paid for them and that they have been paid for as well, double check with the treasury of the building or escrow provider.
- Check that all the bills for electricity, energy and gas have been paid for, you do not want to pay fines for late payments.
- The contract is generally written in Spanish, if you do not understand what the contract is describing ask for it to be translated.
- Agree on a price, method of payment and the currency for the transaction, generally it is in US dollars.
- Signing of the letter of ownership, must be in front of a notario which is a legal representative of the government of Mexico.
- It is necessary to pay the Tax Office or Hacienda all the required fees related to the real estate transaction, for more information visit Secretaría de Hacienda y Crédito Público.
- To finish the process you need to appoint a date so you can get the tittle of ownership, so you can become legally the owner of the property.
