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Hernandez Realty Group
Ajijic, Jalisco Mexico
PHONE: (376) 766-2103
FAX: (376) 766-2104
VONAGE: 01-877-807-4934
Email: hrealtygroup@prodigy.net.mx


FREQUENTLY ASKED QUESTIONS

BUYING A HOME IN JALISCO, MEXICO

What Do You Need to Buy Real Estate in Mexico?

bulletPassport
bulletVISA - With readable stamp on back
bullet10% of Purchase Offer Price for down payment (earnest money)
bulletA Notary (Attorneys who have been appointed to the position of Notary).
bulletSRE Notification (Secretary of External Relations).

Do You Own the Land?

Yes. There are restrictions on ocean front properties and properties bordering other countries.

How Do I Receive Title to My Real Estate? You Have a Choice:

  1. Direct Deed (Similar to the USA)
     
    bulletBeneficiaries: Must be Direct Line or Spouses
    bulletNo Annual Fees
  2. Trust - The Property is held in TRUST by a Bank of Your Choice
    bulletBenefits: Anyone can be named a beneficiary
    bulletProblems: Annual Fee to the Bank of Approximately $450 USD per year
  3. Who Pays the Closing Costs?
    bulletThe Buyer pays all closing costs
  4. What Does the Seller Pay?
    bulletCommission.
    bulletCapital Gains (if applicable)

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Frequently Asked Questions

bullet Top 10 reasons for buying a home in the Lake Chapala Area
bullet Buying a Home in Jalisco Mexico
bullet Owning Property in Mexico
bullet Fee structure for IMSS Health Insurance
bullet Driver's License Requirements
bullet Other Important Information
bullet Area Information and maps


 


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