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Closing Cost Information for Buyers and Sellers

Closing Costs for Buyer and Seller

Closing costs for the buyer are different from what many foreigner buyers first expect in Mexico. Because the majority of the Bay of Banderas is in the restricted zone, a foreigner buyer must own his residence in a trust. (more…)

Details on Closing Costs

The WHAT, WHY and HOW of closing costs…..

Estimated Closing Costs is a list of the standard charges involved in the transfer of the rights in the property purchased in Mexico. The total cost can vary depending upon the circumstances. It is generally prudent, however, for the buyer to set aside 3% to 14% of his budget to pay these costs. (more…)

Bank Trust and Notary Services

Foreign ownership of Mexican property is now secure. In recent years, the laws regarding property ownership in Mexico have changed dramatically for non-Mexican citizens. The advent of NAFTA, improved world-wide technology and sweeping changes in Mexican politics have made purchasing property in Mexico a much easier and more secure process, especially for residents of Canada and the United States. (more…)

Mexican Property Law

Mexican Property Law Matters

REAL ESTATE AND TIME-SHARES: U.S. citizens should be aware of the risks inherent in purchasing real estate in Mexico, and should exercise extreme caution before entering into any form of commitment to invest in property there. (more…)

Real Property Purchases

Real property taxation in Mexico
Mexico Taxes when purchasing a property

U.S. and Canadian buyers of real estate in Baja California are surprised at how high “closing costs in Mexico” are at the moment of property title transfer. The seller pays almost no taxes for the sale if it is their permanent home and can demonstrate that with utility bills in their name and identification listing the property as their domicile. If it is income property or an unimproved lot, the taxes to the seller are a 26 percent tax (impuestos sobre la renta) of the sales price or property appraisal, whichever is highest. And the buyer pays 4.3% of the sales price. Appraisals are typically one half the sales prices. (more…)

Trust Purchases

Trust Purchases

“TRUST” PURCHASING RESIDENCES
IN MEXICO
By Mitch Creekmore
Stewart Title Guaranty Company
Mexico Division (more…)

Trust vs. Corporation

Buying Real Estate in Mexico

Friday, 14 March 2008

Buying Real Estate in Mexico:

Fideicomiso or Mexican Corporation?

(more…)

Weather and Maps

Weather, climate, average temperatures, map for Colima, Jalisco, Michoacán and Nayarit

COLIMA STATE (Colima, Tecomán, Manzanillo, Playa de Oro, Isla Navidad, Costalegre) (more…)

News, blogs and media

Area News

The following is a list of useful publications in English and Spanish. The information serves for news, updated goings on, information and area links.

English language publications (more…)

About Stewart Title

About Stewart Title

Recognized as a leader in the title insurance industry, Stewart Title’s reputation is backed by a century-old tradition of solid financial strength. Attorneys, developers, investors, lenders and commercial buyers and sellers throughout the world look for financial stability when selecting a title insurance company. As the only title insurer to increase reserves and surplus consecutively for more than 32 years, Stewart Title provides policyholders the ownership security essential to land transactions. (more…)