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Buying a Real Estate in Mexico

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Old Nov 6th, 2007, 05:10 PM     #1
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Location: Toronto, Canada
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Thumbs Up Buying a Real Estate in Mexico

Today could be one of the best times to buy a real estate in Mexico. The Canadian and American Dollars are stronger thanMexican Pesos; a piece of front- beach land is almost ten times cheaper than in Florida, and land taxes and maintain costs are very cheap. In addition, Mexico has an exceptional location and a world-class infrastructure, which means that in less than five-hour flight from any of the most important cities in Canada you could escape of the cold winter and enjoy of one of the best clime conditions in occidental hemisphere.

In case that you are thinking about to buy a property in Mexico, please keep in mind that the legal tradition is different than Canada; therefore, you have to be aware that any agreement or deal has to be on paper, following specific rules and, before close any deal, you have to check several documents such as the property land title, seller’s identification and address, free litigation and mortgage certificate, executive project authorized by the municipality, construction license certificate and final agreement draft.
__________________
Luis Guillermo Cruz Rico
Foreign Legal Consultant for Mexico
Cruz Herrera Ltd.
Toronto
01(416) 804-8463
Mexico City
011(5255) 5535-2925
memo@memocruz.com
www.memocruz.com
http://legalconsultantmexico.blogspot.com/
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