First, you need to choose the property you wish to acquire. Once you've made a decision, we will draft an offer letter to the seller and apply for the SRE (Secretary of Foreign Relations) permits. These permits allow you to purchase property in Mexico as a tourist.

SRE permits are required for foreigners to buy property in Mexico. They are property-specific and must be applied for in person. The permits are typically approved within a few weeks.

Yes, your presence is required at the time of application for the SRE permits. They cannot be processed before you've decided on a property.

Once the offer is accepted, we proceed with drafting a formal buy/sell agreement and set up an escrow account. Each party will pay a $375 US account fee, and the buyer must deposit 10% of the agreed purchase price into the escrow account within 5 days of signing the agreement.

The balance of the purchase price, plus estimated closing costs, is due no later than 3 days before the closing date, which is typically 30 days after the buy/sell agreement is signed.

Yes, the closing can be done in your absence through a power of attorney. We can assist you in arranging this at the time we process the SRE permits.

Buyer’s costs are approximately 5.5% of the purchase price. This includes acquisition taxes, attorney and notary fees, deed registration, and other administrative fees.

Yes, these costs may fluctuate based on the exchange rate. The total buyer’s costs must be deposited into the escrow account prior to the closing date.

Additional costs may include property inspection, property insurance, and the cost of power of attorney.

Both the account fee and the 10% deposit must be paid within 5 days after signing the buy/sell agreement. The balance and closing costs are due no later than 3 days before closing.

The overall process, including SRE permit approval and closing, typically takes about 30 days, although this timeline can vary depending on the circumstances.