Select Mexico Properties

In general, Mexican real estate bought by foreign investors held in a trust. The duration of the trust is 50 years, and can be extended for an additional 50 years. Banks usually hold such trusts.

If the Mexican real estate being sold is already held in trust, the beneficiary (owner) of the trust can transfer his or her interest to the new buyer. Transferring a trust does not reset the 50-year lifetime of the trust, so the new beneficiary would have the remainder of the trust period – which can be renewed for an additional 50 years when the initial trust expires. The primary advantages of transferring a trust are the savings in time and fees.

Trusts can also be extinguished and reformed. In these circumstances, the new beneficiary (owner) would have the benefit of the full 50-year trust. As with a transferred trust, the beneficiary has the option of renewing the trust for an additional 50 years.

If you’re planning to purchase Mexican real estate, your best bet is to work with an attorney experienced in Mexican real estate transactions. All legal documentation in Mexico, including trust paperwork, is written in Spanish. An attorney with experience in Mexican real estate sales can fully explain your property rights under Mexican law.

Select Mexico Properties works with real estate attorneys in Puerto Vallarta, and we can assist you in finding an attorney to represent your interests. Don’t be intimidated by the process of purchasing land here. Though different from land purchases in the US, Mexican real estate transactions can be handled smoothly and quickly, and in a way that protects the interests of all parties involved.

Contact a Select Mexico Properties sales representative today for more information about purchasing the Mexican real estate we have for sale right now.

Photo Credit: Alexander Kalina