Buying Property In Mexico City| Conversation with Ale Campos
Considering buying property in Mexico as a US citizen? Join me in this insightful discussion with Ale, a seasoned realtor in Mazatlán, Mexico, as we unravel the intricacies of the property-buying process along the mesmerizing Mexican coast.
In this engaging conversation, we explore the crucial steps involved in securing your dream property. Ali sheds light on the necessity of obtaining a Fidecomiso trust for coastal purchases, a key requirement that comes with an initial cost of around $2,000, plus an annual fee of $500. But that's not all – we delve into the nitty-gritty of closing costs, comprising 6-7% of the property's total value.
Ready to take the plunge? Hold on, there's more to know. Ale outlines the essential documents US buyers need to provide, including birth certificates, driver's licenses, passports, marriage certificates, and an FMM form. It's a thorough process, and being well-prepared is half the battle won.
Discover why having an expert who understands the area and the developers can make all the difference in navigating the Mexican real estate market seamlessly.
So, if you're dreaming of coastal living in Mexico, hit play and let's unravel the keys to your property dreams!
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Changing Real Estate agents live, one agent at a time.
With over two decades of experience in the real estate industry, Tim Hollinden is a successful individual agent, team leader, and successful Broker/Owner of a RE/MAX franchise.
Today, he oversees the Hollinden Team while helping his modern team, the eXp Freedom Team, grow their business with training, coaching, and mastermind meetings. Tim’s mission is to give back to 1,000 additional Real Estate agents in the next 2 years by showing them how to leverage their time and build wealth through stock accumulation and residual and passive income.
With his vast knowledge, Tim has earned multiple prestigious awards in the industry, including eXp Realty’s ICON Award. If you’re a real estate agent looking to learn, grow, and build generational wealth in the industry, subscribe to Tim’s channel today.
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