Posts Tagged ‘Real estate’

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…)

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…)

Understanding the Closing Process Flow

Understanding the Closing Process Flow

Hiring a professional firm to handle your closing process is the first step, but do you know what else you need to ensure a successful closing?

A new country means a whole new set of rules when it comes to real estate transactions. The keys to a successful closing are communication, organization and professional help. (more…)

Why Title Insurance?

Why Title Insurance?

When you decide to buy a property you must be certain that after the sale has been completed you will be the true owner of the property. You need to be confident that no liens, encumbrances or other impediments will prevent your free use and enjoyment of the property. (more…)

Federal zone

What is the Federal Zone?

The laws of Mexico determine that there is a strip of land on the beach (and other protected areas) that is considered as part of the Federal Public Domain of Mexico, as is the sea along the coast of Mexico. (more…)

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