TRAVEL TO MEXICO FIRST, THEN BUY OR RENT YOUR NEW LIFESTYLE!

We recommend that unless you are familiar with a specific area in Mexico, that you explore the different regions, talk to others who have moved there, and slowly acclimatize.  This is why we suggest renting a property for the first few trips.

It is always wise to enlist the help of a real estate agent for either renting or purchasing a property in Mexico.  If your Spanish is limited, and your knowledge of Mexico's real estate laws sketchy, your best protection is in using a professional well versed in the local market. Rental agents will guide you through the process and are there to back you up if you need help.

Since the majority of people in Mexico rent, there is an abundance of property available, and at reasonable prices. Of course, highly popular areas will cost more than if you are in a remote village.  Homes in Mexico are generally found inland, while apartments in Mexico are located along the coast, in the beach communities.

Rentals for 6-12 month periods will generally cost less than if you are renting for just a few weeks.  Either way, you will be required to pay a deposit along with the first month’s (period’s) rent, in advance of moving in. 

Your rental contract will be in Spanish.  This is another reason for you to use the advice of a professional.  An attorney will translate, if necessary.  Just know that if there is a dispute, your Spanish lease is the lease that will stand up in court.

Be sure to go over the lease, and the property carefully, noting any “bumps and scratches” that may affect the return of your deposit.

Payment to the landlord will more than likely be in cash, so be sure to get a receipt for every payment that is made.

Double check the lease and confirm when you will be leaving, or renewing.  Do this well in advance, 30-days is suggested, so there is no confusion at the end of your term.

It is always advised that you consult with an attorney or Notary Public before signing any contract.

PURCHASING PROPERTY IN MEXICO: Once you have decided that a specific area is where you want to live for a long period of time, purchasing may be your goal.  Mortgages in Mexico are costly, so buying outright is the best possible scenario. 

There are specific laws concerning a non-citizen purchasing property that you must be aware of, and hiring a local realtor and Notario are highly recommended. 

Many foreigners have purchased property in Mexico quite successfully, and this topic should be an encouraging one especially if you see yourself staying for many years.

Real estate developers have created many “lifestyle” communities that are extremely popular with foreigners.  Consisting of high-rise condominiums, villas, single family homes, or townhouses, these communities offer an excellent infrastructure and allow an easy transition into living in a new and foreign environment.

If buying a home that is not in a “planned community”, be sure you have done your homework.  Again, using a local realtor and speaking with people who live in the area will be your best source of information.

You will need a “Notario”, a Notary Public, who will perform the purchase transaction for you and advise you as to your rights of ownership. It is vital to your protection that the Notary Public performs your purchase, as they are the representative of the government in assuring that you are receiving exactly what you are paying for.  A Notary in Mexico is a highly regarded professional with a law degree and it is your right to select the Notary you wish to use.

Any property that is within 31 miles of the beach cannot be purchased by a non-Mexican.  This is known as the Restricted Zone (it also includes being within 62 miles of the border).  Coastal properties can be obtained, but it must go through a bank’s trust department.  The bank becomes the owner of record and the buyer becomes the trust beneficiary, with all the rights to “use, enjoy, and sell” the property.  You will pay a monthly fee to the Trust for your right to the property.