It is important that you know as much as you can about the laws
governing the property you intend to purchase, the sellers of the
property and the so-called “professionals” involved in the
transaction. For example, because there are no special
requirements or brokerage licenses to obtain, a real-estate agent
merely has to establish a Mexican corporation, obtain a work visa,
and he/she is in business.
GoMex Funding has an established team of professionals and
trusted partners to assist you in your Mexican real estate
purchase!
Ownership Rights
As
you are probably aware, ownership laws have changed and purchasing
real estate in Mexico is now very safe and secure. In 1993, Mexico
enacted the Foreign Investment Law (the FIL) liberalizing land
ownership for foreign investors in Mexico. A Mexican attorney
should be hired to write up the contracts and review the terms and
conditions of the sale in both Spanish and English. As a buyer,
you should always have your own attorney and not use the attorney
of the seller.
>> See Helpful Sources.
There are many good title companies to work with and
GoMex Funding strongly recommends
that you purchase title insurance for every property.
