Real Estate for Playa Del Carmen

Our Company

It all started in 2001. Today, PLAYA REALTORS CORP. has grown to become one of the top commercial eral estate companies in the Southern México with more than 2.2 million square feet of residences, offices, commercial spaces and mixed-used space developed, 155 thousands square feet under management, an investment portfolio valued at more than $100 million USD and a widespread presence that leveranges the experience of our staff across the nation.

We live to create great value and great real estate opportunities for our clients.

OUR PEOPLE MAKE OUR PARTNERSHIPS STRONG

OUR PROJECTS SPEAK FOR THESELVES

OUR DOOR IS ALWAYS OPEN TO NEW COLLABORATIONS

Ww are a company specialized in the sale of real estate developments in Playa del Carmen, Tulum and the Rivera Maya.

We represent the most prestigious and innovative real estate developments and offer our clientes prompt and exclusive access to the highest quality properties. These modern apartments and houses are not only designed for real estate investment, but also for acquiring a second home, a vacation residence or a retirement place in Riviera Maya.

Steps To Buy Property In Mexico

1
Offer And Acceptance For Buying A Property In Mexico

Make an official offer. Mexican law recognizes verbal agreements. However, you should write both the offer and acceptance. This ensures no confusion on terms and conditions. Send your offer in the form of an “Offer to Purchase” contract. Detail the main terms of the sale. Include price, payment plans, details on an earnest money deposit. Deadline for the seller to accept the offer is usually included. These are all standard practices when buying property in Mexico.

Make sure all offers are recorded in writing to eliminate any misunderstandings or confusion

As soon as the seller has accepted your offer, make an earnest money deposit. Either by the real estate agent or the buyer’s attorney must hold this payment. You should include a clause in the offer that guarantees the deposit if either a promissory agreement or a final sales agreement isn’t executed in a certain amount of time; also note who received the deposit. If the seller requires it to be non-refundable, make sure it’s not more than you’re willing to lose.

2
Promissory Agreement

Once you make the deposit, the promissory agreement (contrato de promesa) will be drawn up. This binds both buyer and seller into a timeframe to execute the buying contract. Having this in place locks in the basic terms. Meanwhile, you and the seller should track down all the paperwork needed. To complete the purchase it usually takes some time. It also allows time for both parties to work out the details for the final purchase contract.

Under Mexican law, both parties are bound by the terms of the promissory agreement. If all the terms and conditions are met to execute the purchase contract, neither party can back out of the sale.

Once signed the promissory agreement, the seller contacts your bank (from your fideicomiso). This starts the trust application. Your attorney then orders a trust permit from the Ministry of Foreign Affairs.

Your journey in buying a property in Mexico is half-way there.

During this time, your lawyer should also be verifying the legal status of the property. Above all, review the title, right of transfer, and terms of the purchase contract. He’ll also need to request documentation from the seller. Moreover, certificate of no encumbrances, a certificate of no tax liability, and a property appraisal.

The documentation required by the buyer is minimal. All you need is a copy of your passport and driver’s license. Plus, a recent utility bill showing your name and home address. Corporation documentation if applicable, too. Present these to a notary and file them at the public registry.

If everything is in order, the notary and your attorney will work with the bank. They will have the trust documents drafted and finalized.

3
Purchase/Sales Agreement

By now, both should be able to execute the purchase/sales agreement (compraventa). Then start the closing process, and transfer title of the property to the fideicomiso.

By this time, the bank office should´ve received the permit from the Ministry of Foreign Affairs. Your attorney will be able to start the drafts for the closing deed. Your lawyer, a notary, and a bank trust officer will then review the final draft of the deed.

4
Closing And Title Transfer

Firstly, verify everything is correct. Secondly, when all the closing paperwork is ready, you will get a notice of a due date and the final closing costs due. Finally, you will sign the deeds, payments settled, and the title transferred to the bank.

Item

Amount

Who Pays

Certificates of no encumbrances and no tax lien

US$200 – US$300

Seller (Negotiable)

Notary fees

Around 2% of purchase price

Buyer

Public registry filing fee

US$100 – US$300

Buyer

Appraisal fee

US$300 – US$500

Buyer or Seller (Negotiable)

Acquisition tax

3% of purchase price

Buyer

Trust permit fee (50 years)

US$1,000

Buyer

Foreign investment registration fee

US$300 – US$800

Buyer

Attorney’s fees

Varies

Buyer*

Administrative and closing costs involved in a typical transaction
*The seller may use his own real estate attorney for the transaction. In which case, he would be responsible for covering this separate legal fee.

The notary then issues a notarized copy of the closing deed. This is your first proof of ownership and you can use it to put utilities in your own name.

Within 3 months of your closing date, the Public Registry issues the final deed. This will contain an electronic folio. In addition, a copy of all certificates, and payment of rights.

While buying property in Mexico, the delivery of your land and taking of title are different steps. They can take place on two different dates. This means you don’t immediately take possession of the property at closing.

Always insist on a personal walk-through before accepting final possession of the property to ensure good condition and that all agreements have been met.

5
Delivery Of Unit

Finally, do a walk-through to ensure that your property is being handed over in good condition before you take it. Once you’re satisfied, you’ll sign a delivery statement. This details the official delivery date of your property.

Keep in mind that your attorney can handle the entire purchase process. As a result, you don’t need to be in the country for every step. Lastly, by granting your lawyer a power of attorney, they can assist you through each stage of the sale. That is to say, every stage all the way up to the signing of the closing deed on your behalf. You just bought a property in Mexico, congratulations!


Now you can buy comfortably



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PhotoAddressLocationNeighborhoodPriceSizeStyleType
Condos for Sale in Playa del Carmen, Quintana Roo $2,167,500
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Incredible 4Br Penth-House in the Highest Luxury and Security Zone in Playa del Carmen(New Construction) PAP4534806 Playa del Carmen $2,167,500 USD 5,985 sq. ft."556.02m2" Apartment Condominium
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Condos for Sale in downtown ocean view, Playa del Carmen, Quintana Roo $1,675,682
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Condos for Sale in Puerto Aventuras, Playa del Carmen, Quintana Roo $1,379,000
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SRUNNING BEACHFRONT APARTMENT IN PUERTO AVENTURAS MEXICO(New Construction) PAP4435272 Puerto Aventuras $1,379,000 USD 3,733 sq. ft."347m2" Apartment Condominium
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PRESALE! HOUSE IN PLAYACAR, PHASE 2 WITH ACCESS TO THE BEACH (New Construction) PHO4455241 Playacar Fase 2 $1,299,999 USD 7,190 sq. ft."668m2" 3 Story Residential
Homes for Sale in Ocean Front, Playa del Carmen, Quintana Roo $1,297,759
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BREATHTAKING VIEW PENTHOUSE EMMA Y ELISSA , Suite 2 BED ROOM OCEAN VIEW PAP2375269 629 Ocean Front $1,297,759 USD 2,535 sq. ft. Single Story Residential
Condos for Sale in Puerto Aventuras, Playa del Carmen, Quintana Roo $1,219,000
22 photos
Lovely 3 BR apartment in Puerto Aventuras gated community with ocean view(New Construction) PAP4435071 Puerto Aventuras $1,219,000 USD 3,130 sq. ft."291m2" Bungalow Condominium
Condos for Sale in Playacar, Playa del Carmen, Quintana Roo $1,204,274
20 photos
Invest in the best! Luxurious 3 Bedroom Apartment in Exclusive Area | Playa del Carmen(New Construction) PAP4573834 Playacar $1,204,274 USD 4,635 sq. ft."430.6M2" Apartment Condominium
Condos for Sale in Playacar Phase 2, Playa del Carmen, Quintana Roo $1,204,274
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Amazing Property 3 Bedrooms | The best area of the City | Playa del Carmen(New Construction) PAP4573880 Playacar Phase 2 $1,204,274 USD 4,635 sq. ft."430.5m2" Apartment Condominium
Condos for Sale in Ocean View, Playa del Carmen, Quintana Roo $1,203,822
21 photos
EMMA Y ELISSA AWESOME PENTHOUSE!!!, Suite 3 BED ROOM BEACH FRONT LOCK OFF PAP2375240 624 Ocean View $1,203,822 USD 2,873 sq. ft. Single Story Condominium
Homes for Sale in Ocean View, Playa del Carmen, Quintana Roo $1,181,255
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EMMA Y ELISSA., AMAZING PENTHOUSE , Suite 3 BED ROOM BEACH FRONT PAP2375227 622 Ocean View $1,181,255 USD 2,870 sq. ft. Single Story Residential
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29 photos
AMAZING PENTHOUSE|3 BED| AMENITIES -STEPS TO BEACH- 38th st & Flamingos Av, Suite 501(New Construction) PCO27573 AP2537482 Miranda $1,144,900 USD 1,057 sq. ft. 5-Level Split Residential
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