Arc of Mexico Real Estate

For all property purchases, make sure you always receive originals and copies of all documents in the transaction. Reputable agents will hand you a sizable, oftentimes bound, package of the documents, including copies. The principal document upon purchase is your original title deed (escrituras in Mexico), and in the case of a previously owned property, a history of ownership. 

You´ll also need a copy of the property’s registration from the public registry of property (registro publico), where you can also get a certificate of good standing and absence of liens against the property. 

You’ll also need to know what type of land your property sits on, its authorized use and zoning compliance (known as uso de suelo), specifying it as legal for residential, commercial or other use. 

You´ll need physical documentation specifying the physical identification of the property (croquis and topographical plan), and compliance with environmental regulations if the property is located in a protected area. 

Outstanding mortgages, contracts, past-due tax bills and utility payments need to be in order as well, before you buy.

A certified real estate broker is the first step in making sure you have someone on your side to perform the due diligence before you put your money into the purchase of a property. The benefits of putting together a checklist of the items mentioned, along with others as per the suggestion of your realtor and owners in your area can pay off handsomely in both tangible and intangible ways later on.

This is the Mexico Real Estate arc which gives you various ways to buy and sell property.