Posts Tagged ‘escrow’

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…)

Benefits for Realtors and Developers – Title Insurance

  • Presence of Stewart services provides security, transparency and eases transaction worries for all parties
  • Reduces administrative burden for Realtor or Developer
  • Establishes standardized closing process
  • Escrow reduces the liabilities of handling client’s funds and ensures that commissions will be paid (more…)

Escrow and Closing Services

Escrow; Third Party Security

When purchasing a property one of the most important issues to address for both a buyer and seller is how and under what conditions the funds will be safely transferred. In an international transaction this issue is even more important as it is often complicated, as both the purchaser and seller may not be familiar or comfortable having funds deposited in an unfamiliar jurisdiction, or with an unfamiliar attorney or bank. (more…)

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