|
Mexico real estate listings and Mexico real estate investment information for Huatulco, Baja, Cancun, Ixtapa, Manzanillo, Mazatlan, Puerto Escondido and Puerto Vallarta.
A
Mexico real estate or business transaction should require
no less documentation than in your own country. Visit Mexico Real Estate Info more information.
1.
Your Mexico real estate purchase contract should be
no less detailed than in your own country.
A foreigner's rights and recourse are near nonexistent
without an attorney approved purchase contract. It
can be most helpful to work with a lawyer who is licensed
to practice law in both Mexico and the USA.
2.
All purchase funds should be placed in a neutral, third
party escrow with specific instructions for disbursement
of funds.
3.
Always obtain Mexico Title Insurance from a reputable
international title insurance company. Please
be advised that the very important local Notario who
handles your Mexico real estate transaction is acting
without any liability for his service. The Notario is
not liable for defects in title and the Notario is certainly
not liable for lack of disclosure from the seller.
4.
It is always advisable for a buyer to retain professional
real estate broker services for analysis of the many
factors which can affect the value and security of your
real estate investment.
5.
It is strongly recommended that you consult a qualified
attorney before investing in uncompleted developments
of any kind. There can be little or no recourse when
a developer fails to complete a proposed project and
it is not uncommon for projects to lack proper completion
bonds, permits and licenses. Visit the Development
Info section for more information about investing
in new development projects.
Buyer
Beware: Mexico real estate prices that seem too good
to be true are usually too good to be true! Many of these
"bargains" are located on what is commonly referred to
as "Ejido" or communal tracts of land. It is highly
recommended that you consult with a Mexico attorney regarding
Ejido land rights.
Be
advised that there are no laws which regulate the sale
or management of real estate in Mexico and abuses do exist.
|