Faq's

There are 3 options in making a purchase:

• Being Mexican, living in a foreign country. It can be notarized directly with your name in Mexico.
• As a foreigner with Mexican nationality. It can be notarized directly with your name in Mexico.
• As foreigner with no Mexican nationality. You can buy Mexican property by establishing a bank trust (Fideicomiso) or opening a corporation in Mexico.

The bank trust is a contract entered by two or more parties and is run by a Mexican institutional bank. In other words, the buyer hires a Mexican bank as a trustee of the property and in this contract the buyer is the beneficiary and has the right of use and possession of the property.

The bank trust has an initial cost of 2,000 USD to 3,000 USD. The amount will depend on the bank of choice. Then a yearly payment of 500 USD (last updated 2022).

Yes. The duration of the trust contract is for up to 50 years and is completely renewable.

Absolutely not as the property does not become an asset of the bank so in that scenario you would simply choose to change the administration of title to another bank.

Its preferable to use a corporation for the purchase of a property as a foreigner in Mexico in the following cases:

• When purchasing multiple properties in Mexico.
• If you were working or doing business in Mexico.

The buyer is the responsible of the closing costs payments.

The closing cost fees are from 4% to 6% of the acquired property value.

Absolutely nothing. We are compensated once the transaction has completed and is covered entirely by the seller.

Our agents will make you a series of questions in order to find your ideal property. Then they will send you by email a list of properties that fit your needs and budget. Lastly, after you review the properties and make selections we can schedule your real estate tour.

*If you find a property that matches your needs, feel free to send the information to your real state agent, and he will find out the status of the listing and add it to your real state tour.

Once we find your ideal property we proceed to make an initial deposit for the amount of 10,000 USD (you can pay by check or by escrow account; this amount will not be used unless the offer is accepted) and with this you make your offer. Your agent will send you the offer sheet.

Once the seller checks the offer, they will send us an answer which could be immediate or within a few days depending on the seller's personal situation.

Once the offer is accepted we proceed to make a contract for purchase which is signed by both parties (buyer and seller).

At the end, the title is delivered to you.

Absolutely not. If your payment was made by an escrow account it's secured. If it was made by check it will be returned to you.

In Spanish it means the "Asociación Mexicana de Profesionales Inmobilarios" (Real State Professionals Mexican Association) which was founded in 1956. Selva & Co Realty is a member of this association.

It doesn't cost anything to be advertised with us as we are compensated once the property has been sold. Our commission fee is 6%.

When you plan to sale your property the best you can do is to work with an expert in Selva & Co Realty we are intimately familiar with the selling process and we offer you the best broker experience:

• When you list your property its highly advantageous to work with experts. In Selva & Co Realty as we are intimately familiar with the sales process and we offer the most optimum broker experience possible.
• Our real estate agency is not just about putting up a sign on your property. We offer a comprehensive marketing service through our personal contacts, online social networks and of course, our website. Everything works in conjunction to get your property sold as expeditiously as possible.
• Selva & Co works together with other agencies to give a broad and wide exposure of your property. Basically we help each other. Cooperation has its advantages!
• Our agency focuses on selecting potential buyers before they visit your property, making sure they fit our requirements to be a potential buyer, thus saving you significant time and effort.
• During the purchase process we go out of our way to answer any doubts and concerns of the buyer, streamlining the negotiation.