Important Facts for Property Buyers in Mazatlan Mexico
Mazatlan Real Estate Information -
Buying Mazatlan Real Estate
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We, at Mazatlan Homes, feel it is important for you to know who you are dealing with. Buying a home is the biggest purchase most people make. It can be somewhat intimidating. In a foreign country that is even truer. When making a home purchase in Mexico, it is vital that you deal with reputable people, and that you feel comfortable with them and the way they handle your transaction.
We are certainly not the only real estate brokers in Mazatlan. We do, however, think we are your best choice. Why?
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Mazatlan Real Estate Information -
Buying Mazatlan Real Estate
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This is the reaction you might get when you tell your friends you are
thinking of buying in Mexico. There have been horror stories around for years,
and they still exist today. Let me assure you, you CAN buy safely in Mexico. I
have owned here since 1989. I have many friends who have owned here for over 30
years with no problems. All you need to do to protect yourself is FOLLOW THE
MEXICAN LAWS! |
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Mazatlan Real Estate Information -
Buying Mazatlan Real Estate
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First, when we buy in Mexico as a foreigner, we have three bills to pay.
The negotiated price of the house.
The Bank Trust (Fideocomiso). This charge is $2,600.00 USD, paid direct to the bank. A portion of that fee is for the bank, but the bulk is paid by the bank to the federal Mexican government. This includes all the trust documents, permits and the administration fee for the first year. All banks have a trust department, however we now use Banco Interacciones because they have a trust officer here in Mazatlan. We deal directly with the person who handles the trust.
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Mazatlan Real Estate Information -
Buying Mazatlan Real Estate
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For years we had no way to help Americans and Canadians who wanted to
move to Mexico but did not have enough cash to buy their desired home in
Paradise. Well, things have changed! We are now able to offer financing to
those who have some cash, and a nice retirement or are still working. (Many
of our clients are 2 to 5 years away from retirement, but want to buy NOW
before prices drive them out of this market like it has in Cancun and Cabo
San Lucas.)
Your loan is funded by a US lender, and your credit is based on your US
assets and secured by the home in Mexico. Each company has different
requirements and terms, so we recommend you check with each company. Here is
a start about their information. |
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