What are the steps or procedures for making an offer and closing a property purchase safely in Mexico?
When an offer is made and terms are agreed to agreement is prepared and presented for signature, the buyer at that time places a deposit to guarantee performance. The title history of the property is then researched and a legal opinion on the history and counsel on the form of ownership to hold the property should obtained. When all contingencies are satisfied, the sales contract documents are prepared. Then both Party’s sign the documents before a Notario, the balance of funds according to the terms of the agreement are exchanged, and then the Notario records the completed sale.
