Buying Property in Mexico

Are you thinking of Buying Property in Mexico? Are you looking to retire in Mexico or purchasing a second home/condo in Mexico?

You may be wondering if Americans can buy property in Mexico and how safe is it to buy in Mexico.

The process for foreigners to buy property in Mexico is different than for locals, foreigners can enjoy all the rights of ownership when buying in Mexico. In the early 1990s, with significant changes in Mexican law and with the introduction of North American Free Trade Agreement (NAFTA), safely owning property in Mexico along the coast became a reality. Today, more than 1.5 million Americans own property in Mexico.

However, it is still important to work with qualified professionals to protect your interests. Together with our trusted partners on site, we can make sure that you obtain ownership rights by setting up a bank trust, similar to a U.S. family trust (known as a fideicomiso). Technically, you are the beneficiary. As such, you are allowed to use, lease, sell, will, improve or encumber your property. A new trust is established for 50 years and is renewable.

To learn more about purchasing property in La Paz, Los Cabos, Loreto, Puerto Vallarta, and Merida contact us.

Brooks & Heinze Team
Remax NW Realtors
Web: www.propertysalesmexico.com
Email: kerstinbrooks@earthlink.net