Buying a house in Mexico
So your thinking you might want to buy a house in Mexico.
You may have heard the horror stories about purchasing a home in Mexico where what seems like a painless transaction here in Canada, is far from it in Mexico. If you are planning on buying, let me assure you that you CAN buy safely in Mexico. The best thing is to know the Mexican Laws! It is important to note that Real Estate personnel in Mexico are NOT YET licensed. There is, however, a group called AMPI ( Associan Mexicano Professional Imobilarios ) which is like a realtor in the US. It has been suggested that you ONLY deal with members of AMPI who have a code of ethis which is enforced. Others in the real estate business may change prices, not have contracts, not do all the steps necessary etc. AMPI also has a multiple listing service locally.
The other secret to SAFELY buying in Mexico is to have a good broker and a GOOD Notario Publico. This is vital! The Notario is an attorney who specializes in real estate, then must apply to the Mexican government and be appointed and registered. This is the key!
For more local Real Estate information go to my additional website www.vernonrealestate.org .
Posted by Claudia Fissler
on September 17, 2008