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Define your Budget
How do I calculate the closing costs and other costs?
I always recommend to my clients a rate of about 6.5 percent of the total amount, but it can go as high as 11 percent. The final cost will be primarily determined by the property’s cost, but other factors should be considered as well.
What types of financing options are available in Mexico?
For international visitors, there are just a few choices. In general, taking advantage of preconstruction projects that offer financing is the best choice. This could give you up to a year to pay for your Mexican home. Request a list of reputable developers who are currently offering this choice from your representative.
What is the price expected for the different properties available in Puerto Vallarta?
The pricing per square meter is a constantly changing figure. Especially in the past 2 years, the price has been jumping constantly as this zone continues to be a booming area. ontact Us for further information.
Include the closing costs on your budget
Who bears the closing costs when purchasing or selling a home in Mexico?
The buyer is typically responsible for the transfer of purchase tax and all other closing costs, including the Notary’s fees and expenditures, while the seller is responsible for his capital gains tax and broker’s commission.
How much will my closing costs be?
See Closing Costs.
Define if you need financing
Is there financing for foreigners in Mexico?
Yes, you can finance or raise capital from any bank in the United States or Canada that allows such a transaction. In other words, there are no limitations in Mexico; it is up to the banks processing the loans to tell you whether or not they have a program to fund property in another country.
