For many foreign property owners, selling property in Mexico can seem complex. However, with proper guidance and legal support, the process can be smooth, safe, and fully compliant with Mexican law. Understanding each stage helps ensure a transparent transaction and a successful closing.
Verify the property’s legal status
Before putting your property on the market, a notary public must confirm that all documents are in order. The title deed, tax records, and property certificates are reviewed to ensure there are no outstanding debts or liens. This step is essential to avoid legal delays once a buyer is found.
Review your fideicomiso (if applicable)
If the property was purchased through a fideicomiso, the trust must be updated before selling. The notary verifies the trust’s validity, obtains authorization from the trustee bank, and ensures that the transfer of rights complies with all legal requirements.
Sign a sales agreement
The next step is to draft a private purchase agreement that outlines the sale conditions, payment structure, and responsibilities. The notary ensures that both parties understand every clause. This agreement often includes a deposit to confirm the buyer’s commitment.
Prepare and sign the public deed
The notary prepares the final deed that legally transfers ownership. During this stage, the seller pays applicable taxes such as capital gains and notary fees. The notary calculates the exact amount and ensures that all taxes are settled before closing the sale.
Register the transaction
Once signed, the deed is registered with the Public Registry of Property. This step officially transfers ownership to the buyer and finalizes the process.
Selling real estate in Mexico involves several legal steps, but professional assistance simplifies everything. By selling property in Mexico with the guidance of a notary, you ensure that your sale is legitimate, efficient, and fully protected under the law.