Buy Property in Mexico abroad is an exciting opportunity. Above all, Mexico offers excellent advantages, such as affordable prices, a high quality of life, and strong investment potential. Accordingly, many foreigners choose it as their destination. After all, the country provides a favorable legal framework for real estate investment. However, before making a purchase, it is important to understand the legal process. Otherwise, complications may arise.

Legal requirements for foreign buyers

In Mexico, foreigners can own real estate. Albeit there are specific rules to follow, the process is straightforward with proper guidance. If a property is within 50 km (31 miles) of the coast or 100 km (62 miles) from the borders, it falls under the Restricted Zone. In this case, direct ownership is not permitted. Instead, buyers must use a Restricted Zone Trust, also known as a Fideicomiso. This legal structure not only ensures compliance with Mexican law but also allows full control over the real estate.

Steps to purchase Real Estate

1. Choose a location – After all, selecting the right place involves considering factors such as climate, infrastructure, and accessibility.
2. Hire a notary public – Afterward, a notary public in Mexico ensures that all documents meet legal requirements. Otherwise, the process can become risky.
3. Obtain a Foreign Relations Permit – If a buyer plans to purchase property in the Restricted Zone, then this document is mandatory.
4. Sign a Preliminary Agreement – After that, a deposit is made, and the purchase conditions are outlined. Not only does this agreement protect both parties, but also it helps avoid legal conflicts.
5. Complete due diligence – All in all, the notary public will verify title history, property taxes, and ownership records. This step prevents legal issues.
6. Finalize the transaction – No sooner than all legal checks are complete, the final deed is signed, and payment is made.

Why work with a Notary Public

All things considered, a notary public plays a crucial role in ensuring that all legal aspects are in order. Additionally, they verify that tax obligations are met, preventing future liabilities. Neither legal risks nor unexpected costs should be a concern when a notary is involved.

Start your property purchase today

After all, if you are ready to invest, then do not wait any longer. Contact our notary public office today, and we will guide you through each step. Whether you are buying for investment or personal use, we ensure a smooth and secure real estate transaction. Buy property in Mexico with confidence and ease.