Can foreigners really own property in Mexico?

es! Today, Mexican laws give foreigners the ability to own real estate in Mexico. There is, however, a Restricted Zone that extends 50 km inland from the coastline. Outside the Restricted Zone, a foreigner may acquire land and be direct owners of the property with all the rights of a Mexican national in compliance with Mexican Law. Inside the Restricted Zone, there are two alternatives for foreigners who wish to buy real estate. Since 1973, foreigners have been able to purchase coastal property through a Mexican bank trust, known as a Fideicomiso.

Can I get financing for my real estate purchase in Mexico?

Unfortunately, at this time, there are no financing or mortgage options for foreign buyers in Quintana Roo. This can change at any time and updates will be posted.

What about the availability of title insurance?

Beginning in 1996, Stewart Title Mexico began underwriting title insurance for Mexican properties at an approximate cost of 1% of the insured amount. Other types of insurance, including property, liability, damage, and earthquake, are all readily available in Mexico, at low cost, and policies can be written to pay claims in U.S. dollars.

What can I expect to pay in property taxes?

Property taxes have historically been low in Mexico because they have never been considered a source of governmental revenue. Known as Predial, the tax is calculated as a percentage (currently .25% of the assessed value), determined at the time of sale. Generally speaking, you can expect to pay $100usd per $100,000usd of assessed value yearly.

Who will manage my property when I am not using it?

Choosing the right Property Management company can mean the difference between an excellent appreciating investment and a huge liability. If you are a property owner in search of Property Management, we are happy to be able to refer you to the best, most professional Property Management companies and will gladly arrange a meeting with their teams. The right management company for you will take the time to a construct a cohesive plan that will best serve your particular needs and help you to realize your property's maximum potential and protect your investment.

Why should I consider buying property in Mexico?

The coastal real estate market in Mexico is booming. Mexico's economy, the 9th largest in the world, values and encourages foreign investment dollars and especially tourism; Mexico is a top world-destination for both vacation and retirement among US and Canadian

Relocating to Playa del Carmen FAQ

- Q: Is Playa Realtors Corp Real Estate a Full-Service Firm?

A: Yes. Playa Realtors Corp Real Estate is a full-service firm with full-time real estate professionals who can expertly guide you through your specific real estate situation. For Sellers we provide professional photography, 3D virtual tours, websites for your listing, enhanced social media advertising, custom print marketing materials and so much more! For Buyers we provide professional and thorough guidance through every step of your real estate purchase. We guide your home search, give expert advice as to pros and cons of each home and work with you every step of the way through your purchase contract to close.

- Q: Do you charge 9% to sell a home?

A: No. Think 9% is too much? So do we. Playa Realtors Corp. Real Estate is committed to providing an incredible array of real estate marketing, professional pricing advice, contract guidance from inception of your listing and all-inclusive closing services for commissions as low as 6%! No gimmicks, no tricks and no upfront fees. We pride ourselves our sellers a first-class marketing package at a commission rate that is fair and practical.

- Q: Does it cost me any money to have one of your agents represent me as a buyer?

A: In most cases the answer is no. Real Estate Agent net provides for cooperation between brokers whereby listing agents often split the commission the seller pays them with the buyer's broker. So most often, buyer fees are paid for by the listing agent's commission split with the buyer's agent. This can vary if you are looking at a For Sale By Owner listing whereby the Seller may not be offering compensation to any agents. Be sure to discuss this situation with your agent before offering on a For Sale By Owner listing.