Before you handing down your down payment or committing yourself to buying a property at the Mexico real estate, see to it that you first take a keener look at the copy of the escritura or actually transfer of deed of the property.
If the seller is honest and has placed everything in order, then, he should be able to make the document available for you. For double-checking, bring the escritura to a lawyer or notary public to ensure the transaction’s validity.
If you are buying a property in Mexico real estate from a developer, be sure to have all the papers checked by a notary public to make sure that the developer has the necessary permits to make sure that the properties are well-constructed and developed.
You should take note however, that no matter what is the appearance of the paper, the certificate and letter that receive that promises you a deed on a property in Mexico today or in the future is nothing but just a mere contract that is why never assume that you fully own the property.
Before you buy the property, ask the notary public to double-check the land to make sure it is not an ejido, a local term used to describe a communal or agricultural land. Despite the fact that you can buy this type of land, the ejidos carry risks because it is not your property and sometimes you are allowed to use it even though you obtain a special agreement. That is why if want to buy a property for sale in Mexico, it is always wise to obtain some Mexico real estate information and choose a land that is not an ejido. Property that you will own entirely the moment you put your money on it.
Getting a company or broker to transact on your behalf is also suggested if you really want to stay at the safe side. Companies in Realty Executives Mexico can offer the pristine lots located at some of the most ideal places to live in Mexico.
