Buying Property in Mexico
For many foreign buyers, the idea of purchasing a vacation home in Puerto Vallarta comes with excitement—but also with understandable questions. On my website, I provide a step-by-step reference to guide you through the essentials of purchasing real estate in Mexico.
With my background as a licensed realtor and attorney, and as part of Tropicasa Realty, one of Puerto Vallarta’s most established brokerages, I offer clients both professional real estate expertise and the security of legal insight. Together with Tropicasa’s legal team, I make sure you receive clear answers, timely guidance, and ongoing support throughout the entire process.
Understanding the Market
Some buyers hesitate to reach out because they feel they’re “not ready yet.” I want you to know that I value every stage of the buying journey. My role is not to pressure you but to walk beside you until the moment feels right. Transparency and client comfort are the foundation of my approach.
Before starting the search, I can help you define your price range and explore financing options if needed. Whether we connect in person here in Puerto Vallarta or virtually while you are abroad, I’ll take the time to understand your present and future needs, your must-haves, and any specific requirements. When you arrive, I’ll personally tour properties with you, adjusting the search criteria based on your feedback until we find the perfect fit.
Submitting an Offer
When it’s time to make an offer, I prepare it in a bilingual format (Spanish and English) so you can feel fully confident in what you are signing. Offers outline the price, terms, contingencies, and anticipated closing date—typically 45 to 60 days after acceptance. If you are outside of Mexico, we can manage the exchange of signed documents electronically. (Keep in mind, Spanish is the official legal language; the English version is for reference only.)
To draft the offer, we typically require:
- Copy of your passport
- Contact information (email and address)
- Property’s legal description
- Offer amount and contingencies
- Preferred Notario Público and closing coordinator
- Validity and target closing date
Once submitted, the seller may accept, reject, or counter. If a counteroffer is presented, I’ll advise you on your options—renegotiating, letting the offer expire, or accepting the new terms.
Key Documentation
Each transaction is different, but buyers usually encounter some or all of the following documents:
- Title Deed or Fideicomiso Trust verifying ownership.
- Current Property Tax Receipt to confirm annual obligations (property taxes in Mexico are notably low compared to the U.S. or Canada).
- Inventory of Inclusions/Exclusions clarifying what comes with the property.
- Seller’s Disclosure and No-Litigation Statement.
- Condominium Regime and Bylaws, plus HOA financials and recent meeting records (if applicable).
- Certificate of No Liens ensuring the property is free of debt.
- Estimated Closing Costs, generally ranging from 3% to 8% of the purchase price.
The Notario will also request buyer documents such as passport and driver’s license copies, proof of address, and (if applicable) birth or marriage certificates, as well as beneficiary details.
Escrow & Closing
In Puerto Vallarta, it is customary to place a 10% good-faith deposit into an escrow account with a reputable title company. Escrow accounts are not common in most of Mexico, but they are standard here to provide buyers with the legal certainty they are accustomed to back home.
In addition, it is typical for buyers to make a deposit toward closing costs (around $3,000 USD) into the closing coordinator’s account as part of the process.
Throughout this stage, I coordinate closely with the Notario Público, who plays a key role in every real estate transaction. Unlike a U.S. notary, a Mexican Notario is a highly trained attorney, appointed by the state, with broad legal authority. The Notario ensures that all documents are valid and that the transfer of ownership is fully legal.
On closing day, once the deed or fideicomiso trust is signed and funds are disbursed, you’ll receive the keys to your new property. Within a few months, you will also receive the final registered deed (escritura) along with the digital tax documentation required for future resale.
Why Work With Me
Buying property in Mexico is a significant decision, and you deserve a process that is transparent, secure, and stress-free. With my combined background in real estate and law, and the proven support of Tropicasa Realty’s 27+ years in the local market, I ensure that your purchase in Puerto Vallarta or Riviera Nayarit is not only smooth but also a smart long-term investment.