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For real estate in San Miguel de Allende
The 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...
Read moreThe Short Answer No. However, you will need to give someone a Power of Attorney (POA) so that they can...
Read moreYes, asking prices are always negotiable. A buyer usually offers below the asking price, but when there are competing offers,...
Read moreYes, any of the Realtors at Realty San Miguel can show you any property you may find on any other...
Read moreNo. The annual municipal taxes on property are very modest here in San Miguel de Allende. For median home values...
Read moreEvery foreigner purchasing a property in Mexico needs an SRE permit. This permit comes from the Secretaria de Relaciones Exteriores. ...
Read moreThe seller pays the sales commission. This cost is not something that the buyer needs to worry about.
Read moreIt's never too early to connect with one of our agents. Some clients purchase a property on their first trip...
Read moreNo, it’s not necessary to have a Mexican bank account to purchase a property. However, for ongoing maintenance, paying maids,...
Read moreThe process to purchase property in San Miguel is fairly straightforward. After you have chosen the property you like the...
Read moreEven when a property is being sold in “as is” condition, we generally recommend having an inspection done just to...
Read moreYes, it’s possible. Do note that the city of San Miguel de Allende requires an annual permit and liability insurance,...
Read moreWhether or not to put your spouse, partner, or children on the deed is really an individual choice and usually...
Read moreFor any foreigner to purchase a property in Mexico, they must have a permit from the federal government. The permit...
Read moreProperty inspections in San Miguel are a somewhat new part of the buying process. For many years properties were only...
Read moreIn most cases, but not all, the notario will accept cash for the closing costs. If you want to pay...
Read moreThe short answer is yes. However, we rarely recommend this way of purchasing property, and most clients end up choosing...
Read moreTo ensure that you are not a victim of fraud, once you receive the wire transfer instructions, which you will...
Read moreIn theory, a buyer can pay their closing costs in USD. However, the notario has to pay all of the...
Read moreThe In-Depth Answer Creating a power of attorney (POA), which gives someone else the authority to sign for the purchase...
Read moreThe short answer is because of the fluctuations in the exchange rate between US or Canadian dollars and Mexcian pesos. ...
Read moreEscrow is a financial account that is shared between buyer and seller in which funds cannot be distributed without the...
Read moreIn theory, it is the buyer who has the right to choose the notario they want to work with. If...
Read moreThe main categories of resident visas in Mexico are residente temporal (temporary resident) and residente permanente (permanent resident). Both require...
Read moreIt’s not necessary to have a Mexican will to purchase a property in San Miguel de Allende. However we highly...
Read moreYes, the Realtor Association (AMPI) in San Miguel de Allende does have an MLS. In fact, the property must be...
Read moreTo open a Mexican bank account, you have to have either temporary or permanent residency (residente temporal or residente permanente). ...
Read moreIt normally only takes between three to five weeks to receive the registered deed. However, since San Miguel de Allende...
Read moreOnly a notario who can close a real estate transaction in Mexico.
Read moreThe city has made it relatively easy to pay your property taxes (el predial). Your first option is to pay...
Read moreIn Mexico, IVA is a value added tax (Impuesto al Valor Agregado) that functions much like a sales tax in...
Read moreThere are buyers who occasionally pay a portion of their purchase in physical cash. However, since anti-money-laundering laws were updated...
Read moreA notario in Mexico is very different from a notary public in the US. In addition to having a law...
Read moreFor any foreigner to purchase a property in Mexico, they must have a permit from the federal government. The notario...
Read moreMLS stands for the Multiple Listing Service, which is standard in the U.S. and Canada, and makes all listings easily...
Read moreAn apostille is a document authorized by international treaty that authenticates a legal document signed in one country for use...
Read moreI know of a few clients who have been successful with having a document notarized online for leasing agreements and...
Read moreTo be recognized by Mexico, a document notarized in the US or Canada also has to be apostilled or notarized...
Read moreWe are not experts on taxes, so we recommend that you talk to your tax advisors. Keep in mind that...
Read moreIVA is a value added tax that Mexico collects on ALL sales for products and services, with the exception of...
Read moreIn San Miguel de Allende, most agencies charge 6% commission plus IVA (value added tax). With few exceptions, it is...
Read moreA will is generally hand written in your first language and then the Notario will translate it to Spanish and...
Read moreNo, in San Miguel de Allende you do not have to purchase your property in a bank trust. In San...
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 Financing for foreigners is available in Mexico, but it complicates the process and is expensive. For example...
Read moreThe In-Depth Answer As a rule of thumb, we advise buyers to expect up to 6% of the purchase value...
Read moreAn apostille is a certificate that authenticates all of the following: - the signature of a public official (e.g, a...
Read moreIn Mexico, wills have to be written in Spanish and signed in front of a notario. The cost is fairly...
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...
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