How to Buy Property in Mexico as a Foreigner: A Step-by-Step Guide

Thinking about buying property in Mexico? You’re not alone. Mexico’s gorgeous landscapes, affordable prices, and attractive real estate market have caught the eye of many foreign buyers looking for a second home, a vacation spot, or a sound investment. Here’s a straightforward guide to help you navigate the process as a foreigner.

1. Know the Restricted Zones

Foreigners can own property almost anywhere in Mexico, but areas within 50 kilometers of the coast or 100 kilometers of the borders are called "restricted zones." However, buying here is possible through a fideicomiso, or bank trust, which lets you hold the title.

What’s a Fideicomiso? This bank trust holds the property title on your behalf while giving you full ownership rights, including leasing, selling, or passing the property to your heirs. The trust is valid for 50 years and can be renewed.

2. Work with a Local Real Estate Agent

Buying in Mexico is different from buying back home. A licensed, experienced real estate agent can help you find the right property, negotiate terms, and ensure you meet all legal requirements.

3. Obtain a Permit from the Foreign Affairs Ministry (SRE)

As part of the process, foreigners need a permit from Mexico’s Foreign Affairs Ministry (SRE). This is a standard, straightforward requirement, and your agent or lawyer can guide you through it.

4. Hire a Real Estate Lawyer

While not mandatory, hiring a lawyer is highly recommended. A real estate lawyer ensures your interests are protected, checks for any existing liens on the property, and assists with setting up a fideicomiso if you're buying in the restricted zone.

5. Make an Offer and Sign a Sales Contract

Once you find the right property, make an offer. After negotiating the price and terms, you’ll sign a sales contract that outlines the details, price, and payment terms. A deposit, usually 5%-10% of the property’s price, is typically required at this stage.

6. Use an Escrow Account

Using an escrow account can protect both you and the seller. This account, managed by a third-party service, holds funds securely until all sale conditions are met, providing extra peace of mind.

7. Complete Due Diligence

Before making the final payment, complete a due diligence check. This includes verifying the property title, ensuring there are no outstanding debts or taxes, and confirming the property’s legal zoning. Your lawyer will manage this process to ensure everything is in order.

8. Sign the Trust Agreement (Fideicomiso)

If you’re buying in the restricted zone, the fideicomiso agreement will be signed with the bank, where a notary will be present to finalize the documents.

9. Pay Closing Costs

In Mexico, buyers are responsible for closing costs, which range from 5%-10% of the property’s price. These cover notary fees, taxes, title registration, and administrative expenses. Plan for these costs as part of your investment.

10. Register the Property

Finally, your notary will register your property with the Public Registry. This step is essential to establish your legal ownership in Mexico.

---

Why Choose Realty Go Global Mexico?

Buying property in Mexico can be complicated, but with Realty Go Global Mexico, you’ll have a trusted partner to guide you every step of the way. Here’s what we offer:

• Bilingual Expertise: We provide full support in English and Spanish, ensuring clear communication from start to finish.
• Client-Centered Service: Your comfort and confidence are our top priorities. We ensure you’re informed and comfortable at every stage.
• Local Market Knowledge: With deep roots in both the U.S. and Mexico, our team offers valuable insights into real estate opportunities on both sides of the border.
• Legal Support: Our legal team helps with all aspects of the transaction, from setting up a fideicomiso (bank trust) if necessary to conducting due diligence and ensuring legal compliance.
• Payment Guidance: We assist with payment procedures, including secure escrow accounts, and offer guidance on managing closing costs, making sure your transaction goes smoothly.

At Realty Go Global Mexico, we make buying property in Mexico easy, safe, and stress-free. Let us be your trusted partner as you invest in one of the world’s most vibrant real estate markets.