Buying a Real Estate Property is always a major decision and one that should be taken very seriously.

Buying in a foreign country can be intimidating due to the differences in language, culture, and laws. At South Baja Realtors we believe it’s our job to educate potential buyers about the process of buying a home here in Mexico and to walk you through every step of it before you commit yourself.

Buyers should feel confident with their realtor:

Now that foreigners owning homes in Mexico have become such a common practice, the procedures are standard and timely. Here the participants are almost always the buyer, the seller, a real estate company, and the authorized Notary, who takes care of the legal aspects of the sale. All legal requirements must be complete prior to the close of the sale. They are coordinated by your realtor and validated by the Notario Publico. Unfortunately, too many buyers have had unpleasant experiences while purchasing a home in Mexico. This happens when the buyer deals with people who are not working for registered real estate firms, and firms without the necessary background and experience in this business. South Baja Properties has met all legal requirements to be a registered real estate company. We are firmly committed to being totally ethical and professional, and our goal is to give you 100% satisfaction in the purchase of your new home or condominium.

Our company works with local and international associations. Thus we have the opportunity to work with the different agents, agencies, brokers, and developers giving you the widest selection of properties and the broadest range of services. We will represent all your interests during the purchase process. We understand your needs. South Baja Realtors does not sell dreams; we sell reality. We guarantee, however, that our effort and knowledge can help you make your dreams of owning a piece of paradise here in Baja California Sur a painless reality.

THE AGENCY

The average buyer tends to look at different real estate agencies to find the right property, However, it is important that as a buyer we look for a real estate agency that is currently working on a multi-list. currently working within a multi-listing, BCS has the largest MLS where you can find all the properties through one all properties through one office, just a click away, this office will help represent you in your search. This office will help represent you in the search, the purchase process, and the successful delivery of the property. In addition, BCS now requires a real estate license, it is important to choose the office where your agents are working under this standard. Our agents are working under this standard.

THE AGENT

In BCS there are many real estate advisors, when working with an advisor, as buyers, we look for representation, an agent who thinks for us in our basic needs when looking for a property and represent us to get a fair price, it is important that the agent is trained. The agent is important that he/she is trained, knows the buying process, and knows how to face the different situations that may arise during the process, must have a real estate license as it is mandatory in BCS, and have extensive knowledge of the market, looking to take you by the hand throughout the process and make this a pleasant experience.

THE PROCESS

The purchase process in Mexico is very similar to other countries, when working with a professional real estate agent, this will guide you step by step for the purchase process, first it is important to select the area that best suits our lifestyle, our daily activities and especially our budget. Once we have found this magical place, the first step is to present a written purchase offer through your real estate consultant, in this offer we present our interest in acquiring such property, the price, and the suggested conditions, this offer will be presented to the seller through his representative agent and once we have reached the point of agreement of both parties, Once the point of agreement has been reached between both parties, agreements are signed specifying down payments via escrow, closing time and completion and delivery of the property, which are normally handled with a closing agent, an escrow company and the notary public, which in Mexico, is the highest authority to guarantee the acquisition of a property and to attest to the legal status of it.

DOCUMENTATION

Currently, the necessary documentation to acquire a property in Mexico is very simple. As foreigners you can acquire real estate in Mexico by presenting your valid passport, your tourist card, which we tourist card, which we receive when we enter the country since BCS is in a restricted zone because it is geographically within 35 miles or 50 kilometers from the geographically within 35 miles or 50 Kms from the coast, it is necessary to acquire through a Trust called Fideicomiso.

The Fideicomiso is created during the acquisition process, through a Mexican bank. This will require the following documentation:

• Proof of address from your country of origin (electric, propane).
• Official identification (passport)
• Tax ID number

TIME TO CLOSE

The time to close the transaction from the moment of the acceptance of a purchase offer to the signing before a notary public can vary from 3 to 8 weeks, the corresponding documents must be presented to the notary public so that they elaborate the final document and the public deed of the acquisition of our property can be signed.

OTHERS INVOLVED

In the purchase process, there are several important actors involved, who, thanks to them and the participation of the real estate consultant, will make the process a pleasant one.

Closing attorneys

They are responsible for presenting the legality of the documents of the property, obtaining the certificates that prove that the property is free of any type of debts or evictions, back taxes or debts of condominium fees, water or electricity, they also carry out the process of the procedure before the secretary of foreign relations for the issuance of the acquisition permit for those foreigners who decide to invest in Mexico and who will acquire their property through a Trust.

The Trustee Bank

Who is responsible for acting as trustee in the acquisition, this bank is a Mexican registered entity, mentioning that the properties that are acquired through Trusts do not become assets of the bank.

The Escrow Agent

Who is responsible for the management of the funds and their dispersion, these funds remain in guarantee from the beginning and acceptance of the offer, until the signature before a public notary.

The Public Notary

Who is the certified attorney appointed by the State to attest and certify the legality of the real estate transactions and responsible at all times for the legality of the process.