So who is on my team and who are the other people involved in a real estate transaction in Mexico?
Here is how it works.
Real Estate Company
Bank (for the banktrust)
Buying property in Mexico might be a bit different than back home.
That is why is so important to have the right people on your side .
You need a combination of experience, a knowledgeable real estate agent, who is able to explain each step in detail to you and makes sure, that you buy secure and smart.
Most important is dedication. Dedication to you as an client and a realtor who loves his job and sees you as what you are. A client worth being protected and taken care of.
The goal is that you have not only finnd your perfect property in Mexico, but lots of very good friends.
He/She is representing you and protecting you in all your legal transactions.
Our lawyer is fluent in English and she is licenced lawyer in Mexico.
In addition to the legal aspect, an attorney can be very helpful in saving you money along the way.
Attorneys usually have contacts with banks, notaries and the Mexican government. They know all costs and fees involved and make sure the buyer is given the best prices with the best service possible.
a good team of realtor and lawyer will save thousands of Dollars for you in the future.
The Public Notary:
A Mexican Notary (Notario Publico) is a licensed attorney, who is a certified representative of the Mexican Government.
A Mexican Notary provides legal security of original records and documents and theyare in charge of recording the documents with the Public Registry of Property and they can be held liable in both civil and criminal terms, which guarantees their integrity.
The notary performs the authentication of legal documents, they are in charge of the calculation of capital gains tax and are as well responsible for ratifying ALL real estate transactions and all kinds of other transactions in Mexico.
In our case of a real estate purchase the notary is neutrally responsible to the buyer and the seller and ultimately responsible to the Mexican Law/Government.
Their job is to ensure the legality of the transfer of title, for more info, please check out the following link about Notario Publico in mexico