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For real estate in San Miguel de Allende
There are four major factors that influence how fast your home will sell. Location - You’ve probably already heard that...
Read moreThe In-Depth Answer You may be entitled to a partial exemption from capital gains taxes If you meet the following...
Read moreThe In-Depth Answer No, it is not necessary to be in San Miguel for the closing. However, you will need...
Read moreThe In-Depth Answer Creating a power of attorney (POA), which gives someone else the authority to sign for the purchase...
Read moreA notario in Mexico is very different from a notary public in the US. In addition to having a law...
Read moreAn apostille is a certificate that authenticates all of the following: - the signature of a public official (e.g, a...
Read moreThe In-Depth Answer Mexico's capital gains taxes are assessed at the federal level and are retained and paid by the...
Read moreIt is the notario who is responsible to calculate the capital gains taxes due, retain them, and then pay them...
Read moreMuch depends on where your property is located and how robust the market is. The fact is that many potential...
Read moreEscrow is a financial account that is shared between buyer and seller in which funds cannot be distributed without the...
Read moreIn San Miguel de Allende, most agencies charge 6% commission plus IVA (value added tax). With few exceptions, it is...
Read moreIn Mexico, IVA is a value added tax (Impuesto al Valor Agregado) that functions much like a sales tax in...
Read moreThe main categories of resident visas in Mexico are residente temporal (temporary resident) and residente permanente (permanent resident). Both require...
Read moreIVA is a value added tax that Mexico collects on ALL sales for products and services, with the exception of...
Read moreFor any foreigner to purchase a property in Mexico, they must have a permit from the federal government. The notario...
Read moreFor any foreigner to purchase a property in Mexico, they must have a permit from the federal government. The permit...
Read moreThe In-Depth Answer As a rule of thumb, we advise buyers to expect up to 6% of the purchase value...
Read moreThe process to purchase property in San Miguel is fairly straightforward. After you have chosen the property you like the...
Read moreIn Mexico, wills have to be written in Spanish and signed in front of a notario. The cost is fairly...
Read moreA will is generally hand written in your first language and then the Notario will translate it to Spanish and...
Read moreTo open a Mexican bank account, you have to have either temporary or permanent residency (residente temporal or residente permanente). ...
Read moreNo, it’s not necessary to have a Mexican bank account to purchase a property. However, for ongoing maintenance, paying maids,...
Read moreIt’s not necessary to have a Mexican will to purchase a property in San Miguel de Allende. However we highly...
Read moreThe In-Depth Answer Financing for foreigners is available in Mexico, but it complicates the process and is expensive. For example...
Read moreNo, in San Miguel de Allende you do not have to purchase your property in a bank trust. In San...
Read moreThe short answer is yes. However, we rarely recommend this way of purchasing property, and most clients end up choosing...
Read moreYes, asking prices are always negotiable. A buyer usually offers below the asking price, but when there are competing offers,...
Read moreThe seller pays the sales commission. This cost is not something that the buyer needs to worry about.
Read moreEvery foreigner purchasing a property in Mexico needs an SRE permit. This permit comes from the Secretaria de Relaciones Exteriores. ...
Read moreOnly a notario who can close a real estate transaction in Mexico.
Read moreWhether or not to put your spouse, partner, or children on the deed is really an individual choice and usually...
Read moreThere are buyers who occasionally pay a portion of their purchase in physical cash. However, since anti-money-laundering laws were updated...
Read moreIn most cases, but not all, the notario will accept cash for the closing costs. If you want to pay...
Read moreEven when a property is being sold in “as is” condition, we generally recommend having an inspection done just to...
Read moreProperty inspections in San Miguel are a somewhat new part of the buying process. For many years properties were only...
Read moreIt's never too early to connect with one of our agents. Some clients purchase a property on their first trip...
Read moreThe short answer is because of the fluctuations in the exchange rate between US or Canadian dollars and Mexcian pesos. ...
Read moreIn theory, a buyer can pay their closing costs in USD. However, the notario has to pay all of the...
Read moreIt normally only takes between three to five weeks to receive the registered deed. However, since San Miguel de Allende...
Read moreIn theory, it is the buyer who has the right to choose the notario they want to work with. If...
Read moreI know of a few clients who have been successful with having a document notarized online for leasing agreements and...
Read moreThis is a common problem that our agents can help you correct before closing. This error can occur for a...
Read moreYes, the Realtor Association (AMPI) in San Miguel de Allende does have an MLS. In fact, the property must be...
Read moreTo ensure that you are not a victim of fraud, once you receive the wire transfer instructions, which you will...
Read morePrint advertising used to work great for finding buyers. In the late 2000's, Realty San Miguel would often have five...
Read moreThis very much depends on current market activity. The market goes in cycles, and our data shows that in the...
Read moreYes, any of the Realtors at Realty San Miguel can show you any property you may find on any other...
Read moreTo be recognized by Mexico, a document notarized in the US or Canada also has to be apostilled or notarized...
Read moreAn apostille is a document authorized by international treaty that authenticates a legal document signed in one country for use...
Read moreMLS stands for the Multiple Listing Service, which is standard in the U.S. and Canada, and makes all listings easily...
Read moreNo. The annual municipal taxes on property are very modest here in San Miguel de Allende. For median home values...
Read moreThe city has made it relatively easy to pay your property taxes (el predial). Your first option is to pay...
Read moreNo. The utilities will stay in the name of the homeowner because the homeowner needs them to show proof of...
Read moreWe are not experts on taxes, so we recommend that you talk to your tax advisors. Keep in mind that...
Read moreYes, it’s possible. Do note that the city of San Miguel de Allende requires an annual permit and liability insurance,...
Read moreThe documents listed below will need to be provided to the agent representing the owner or the renter. For Renters:...
Read moreSeveral agents within Realty San Miguel do provide property management services. Ask one of our agents to introduce you or...
Read moreAfter you sign a listing contract with one of our agents, the agent will have your home professionally photographed. Once...
Read moreTo list your home for sale with Realty San Miguel, you will need to provide ID* copies of your deed...
Read moreLike selling a home, much depends on location, condition, and how you’ve priced the rental compared to the current inventory...
Read moreThe Short Answer The notario who is managing the sale of your property will decide how much capital gains are...
Read moreThe Short Answer Similar to the homestead exemption in the U.S., the capital gains exemption discounts the amount of capital...
Read moreThe Short Answer No. However, you will need to give someone a Power of Attorney (POA) so that they can...
Read moreThe Short Answer You’ll need to work with the notario who will close your transaction. If you are in San...
Read moreThe Short Answer There are four major factors that work together to influence how fast your home will sell. These...
Read moreThe Short Answer Yes, but generally speaking, it’s not a good option because it complicates the process and is expensive. ...
Read moreThe Short Answer As a rule of thumb, we advise buyers to expect up to 6% of the purchase value...
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