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The following story in a Canadian newspaper should be an eye opener for buyers. Although the scary story has a "happy ending," it cost the author a month of angst and frustration and the lesson was simple: Always use a title company to manage the funds involved in a Mexico purchase! Mexican standoff
Learn the ropes before buying ...
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The procedure for a real estate closing for foreigners in Mexico is different than the process north of the border. This checklist helps demystify the process of buying property and creating a bank trust in Mexico through a cash sale, still the most common type of transaction.1. Buyer and Seller agree to a purchase price and purchase ...
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Transaction security is essential to a healthy real estate market. However, many new buyers are surprised to learn processes that they take for granted in the United States are either optional or don’t have an exact equivalent in Mexico. This column will explain the key differences pertaining to the term escrow since it means something quite ...
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A MUST READ FOR BUYERS: Sage advice from from the seasoned Publisher of International Living on pre-construction project investments.
You’ve probably heard this before, but it bears repeating:
Buying into a project or development in the pre-construction phase is risky. I don’t mean it could be risky. It is risky.
A project in the ...
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This Mexidata.info article ties in directly to Baja Fair Trade's recommendation that any financing should be tied to real property rights (i.e. a mortgage) instead of a promissory note. By Brian FlockThe Mexican coastline from Baja California to Cancun is dotted with beautiful developments and spectacular development proposals that offer ...
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Although originally printed in JOINus Rocky Point, January 2008, Baja Fair Trade recommends this message to all buyers in Northern Baja. Don't forget that title insurance is NOT available on property until you get title. Title insurance is not available on preconstruction contract.
Title Insurance is Not An Option!
By Angelica Gonzalez, CEO, ...
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The buying public speaks best on the importance of Baja Fair Trade disclosure standards for real estate in Northern Baja. See the growing list of testimonials and join in...
R.P., California Broker
"I fully support what you and your organization are trying to accomplish. As a Real Estate Broker and investor in California, it ...
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Article Summary: Request that your agent provide a written and signed list of disclosures for any property that you are looking to purchase.
Raising the Bar for Mexican Real Estate RepresentationBy Brian FlockWhen purchasing real estate in any part of Mexico, it is important for buyers to know their “Bill of Rights.” Most ...
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The Deceber 5 Union Tribune article by Diane Lindquist covered the developing housing downturn along the Baja "Gold Coast" and how the majority of projects here are by relatively small developers. This makes the Baja Fair Trade standards (www.bajafairtrade.com) especially important for any buyers. Full escrow of funds should be the ...
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I fully support what you and your organization are trying to accomplish. As a Real Estate Broker and investor in California, it continually amazes me that many Realtors in Baja adhere to unethical standards. They just don't seem to realize that this short term way of doing things (to make a quick commission) just backfires, and hurts them in ...
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