HOME BUYING BASICS
HOME BUYING BASICS
The following outlines what you can normally expect in a traditional buying process in Mexico and, specifically, Puerto Vallarta.
Your transaction team supporting each phase of the process from both the Buyer and Seller side consists of:
A commercial, residential, or purchase can be a daunting process anywhere in the world. Foreign investment in Mexico continues to enjoy an upward trend with Puerto Vallarta currently being one of the fastest-growing real estate markets in the country. An international real estate transaction, i.e., a person whose primary residence is outside Mexico purchasing real estate in Mexico, adds other considerations to an already exciting and stressful process.
The following outlines what you can normally expect in a traditional buying process in Mexico and, specifically, Puerto Vallarta. While sharing some characteristics of the buying/selling process in the U.S. or Canada, the laws governing real estate purchase in the state of Jalisco by non-residents includes processes that do not exist in the U.S. or Canada.
As your trusted advisors in Vallarta, the Julie Guerrero Real Estate Group, a member of AMPI (Asociación Mexicana de Profesionales Inmobiliarios) commits to a thorough consultation with you at the onset. We employ a holistic approach to define what strategy best serves your vision and needs. Powered by Keller Williams Realty, the #1 Real Estate Company in the world, the Julie Guerrero Real Estate Group has a global reach with local expertise.
MAKING THE OFFER
Due DiligenceOnce an offer is accepted and the guaranty deposit has been confirmed, the due diligence portion of the process begins. Depending on the size and scope of the transaction, the legal requirements will include, but not be limited to, the evaluation of the state of the property, inspection of the property, and evaluation of the bank trust1. Any issues arising during this phase will be resolved between Buyer and Seller in order to proceed with the transaction.
Post ClosingThe Julie Guerrero Real Estate Group continues to work with you through your transition to Puerto Vallarta residents. From ensuring your original property title is delivered within 90 days, facilitating the change of utilities services accounts, to the seamless transition to rental property infrastructure, we continue to work with you beyond the closing.
GET MORE INFORMATION ON BUYING PUERTO VALLARTA REAL ESTATE. LET US GUIDE YOU THROUGH THIS DAUNTING PROCESS