Many coastal areas of Mexico are coveted locations for United States or Canadian nationals to purchase property. Whether you wish to purchase a full-time residence, vacation condo, or land for a major real estate development, the process can be more challenging for foreign investors.
At Baja Liberty Law Firm, we believe that these challenges should not stop you from achieving your Mexican real estate goals. We know how to navigate the process of purchasing land, homes, or condos, and we can assist you with a successful transaction. Contact our office to discuss your ideas and learn how a La Ventana real estate attorney can help.
Mexican law prevents foreign investors from purchasing certain properties, including desirable coastal properties. This does not mean you can never purchase properties close to the waterfront, but you need to do so through a fideicomiso. This is a Mexican bank trust set up to own property with you as a beneficiary, which provides you the rights of ownership. We arrange the fideicomiso purchase of the land, renew existing bank trusts, and help you ensure that you plan for the proper inheritance of the property through the fideicomiso.
Real estate transactions in Mexico are handled by a Notario Público, which is a government-appointed lawyer. These lawyers address title issues, title transfer, taxes, recording the deed, public registry, and more. We work with the Notario assigned to your property transaction to make sure they have everything they need to complete the legal side of the transaction. We serve as your advocate to the Notario Público.
Some foreign investors aim to purchase land and develop condos, homes, or other properties. This requires not only the completion of the land purchase, but also obtaining all the necessary permits and licenses for construction. Our law firm can ensure you have everything you need to begin your project.
Some properties have more complications than the fideicomiso requirement. For example, a condo purchase or development comes with all the concerns of a condominium regime. You need to ensure that a regime is approved by the government, as well as have all owner agreements reviewed by a lawyer. If you are purchasing a condo, we can help you understand all the requirements of the applicable condo regime.
Another land purchase that has additional concerns is Ejido land. This is property collectively owned by a community instead of an individual owner. If you want to purchase Ejido land, we first must convert it to private property, which allows foreign investors to purchase the land.
At Baja Liberty Law Firm, we handle all matters related to real estate purchases in La Ventana and surrounding areas, and we can assess what it takes to make your Mexican real estate dreams come true. Reach out today to discuss your options and the purchase process with our legal team.
We would highly recommend Francisco Gonzalez to handle any legal issue you may encounter. Francisco is a exceptional individual. Francisco handled our four year residency application and delivered just as he said he would. He is in our opinion a decent honest man. He was a joy to work with.
We were very impressed with the team of Attorneys at Baja Liberty who were able to draft several urgent documents on a Saturday and get the Notary to come to our house and notarize them on a Sunday.
We decided it would be a good idea to have a will in Mexico for our assets here. While we were at it we had a healthcare advance directive drawn up for use in Mexico. Francisco was able to seamlessly draft the language for the documents, organize all of the…
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