Select Mexico Properties

The Mexican real estate market has undergone significant changes in the past several years. Mortgages are now available, whereas just a few years ago, most property transactions were executed on a cash basis. In addition to conventional mortgage lending, property owners can now take advantage of construction and refinancing loans.

One major change is the availability of title insurance. As in the US, title insurance protects buyers from sellers who attempt to sell property that they do not possess a clear title to. Properties within 50 km of the coastline are eligible to be owned by non-Mexican citizens as long as the property is held in a special trust arrangement called a fideicomiso. A bank usually oversees this land trust.

Despite these protections, it’s essential to have good advice when buying real estate in Mexico. The process of buying land and financing purchases is undergoing radical changes right now. As in the US market, lenders do come and go, and some sellers can also offer seller-financed purchases.

Select Mexico Properties has real estate professionals and real estate attorneys on staff in both the US and Mexico who can help you navigate the sometimes complicated process of buying Mexican real estate.

In addition to offering assistance through the sales period, Select Mexico Properties can also offer help after the sale, when it comes to designing and building the custom home in Mexico you’ve always wanted. Our architectural and engineering professionals have extensive experience in home design and construction in the Puerto Vallarta area. These skills are absolutely necessary to guarantee the beauty and structural integrity of your new home.

If you would like more information about buying land or building a luxury home in Puerto Vallarta, please contact a Select Mexico Properties sales representative today. Our representatives can help you through the process of buying Mexican real estate.