In the series of articles on Mexico Real Estate, this article touches one of the most important aspects of buying Real Estate in Mexico. Before you give any type of down payment or commit yourself to buying real estate for sale in Mexico, you should take a close look at a copy of the actual escritura or title deed for the property. If the seller is honest and has everything in order, then he should make this document available to you. You should then take the escritura to the notary public you are working with in order to check the deed’s validity.
If you are buying real estate for sale in Mexico from a developer, you should always have the notary public check all of the paperwork to see that developer has acquired all permits for the development and for the construction in good order. Remember that no matter what appearances may be, a certificate or formal letter that promises a deed on real estate for sale in Mexico at in future is not a deed, but instead is just a sales contract and should be viewed as such.
Before buying real estate for sale in Mexico, you should also have the notary public make sure that the land is not ejido land, which means communal or agricultural land. Even though the rights to use this type of land can be purchased, you need to realize before you do so that it is almost always a potentially risky deal, because it is not your property, you are only allowed to use it under a special agreement. If you want to purchase Property for sale in Mexico, it is always better to locate land that is not ejido that you will own outright at the time of purpose, since this will truly be your land and the danger of misreading the fine print is reduced.
Author: Jason Keiller