home
about us
The Company
Success stories
projects
available projects
construction progress
faq's
BLOG
lifestyle
riviera maya
puerto vallarta
los cabos
BROKERS
Contact us
FREQUENTLY ASKED QUESTIONS
Download our free extended FAQ guide — with extra tips, legal info, and financing insights.
Download PDF
1. Can I buy property in Mexico as a foreigner?
Yes, you can buy property in Mexico as a foreign citizen!
Foreign citizens are legally allowed to buy property in Mexico in the restricted zone. The restricted zone is 100 km along any border and 50 km from the coast. To make a purchase in this area, a bank trust is needed.
2. What is a bank trust?
It is a property authorized by the Mexican government and insured by the Central Bank of Mexico. The trust is authorized through a permit issued by the Ministry of Foreign Affairs and in accordance with the 27 articles of the Mexican Constitution.
It is important to mention that properties held in bank trust are not assets of the bank and the bank acts on behalf of the buyer and holds title.
The bank has a fiduciary obligation to follow the instructions and wishes of the foreign buyer. The foreign buyer can enjoy, use, rent, improve, expand, build and sell the property and obtain 100% of the benefits.
3. How much are the closing costs (obtaining the deed) for the property purchased?
Closing costs are proportional to the cost of the property. Around 7-9% of the cost, which includes notary fees, taxes, fees and escrow fees (if you are a foreigner).
4. What are the steps to buy a property with TAO Mexico?
1. Reserve a unit: We will ask you to pay a refundable deposit of $5,000 USD, which will help reserve the unit for a period of 15 days, while also freezing its price.
2. Reservation Agreement: We will ask you to fill out and sign the reservation agreement that contains the payment plan for your property.
3. Purchase and sale contract: You will receive the purchase and sale contract from our in-house lawyer.
4. Initial payment: After accepting all the conditions of the purchase and sale contract, we will ask you to proceed to make the initial payment of 20% after signing the purchase and sale contract.
5. Are there any restrictions on renting my property?
There are no restrictions on renting your unit, unless the majority of owners vote rent-free, which we don't think will happen. Most of our clients have bought their properties to rent them out.
6. Why do our clients trust TAO México?
We have more than 19 years of experience in the real estate sector with more than 1,875 properties sold. In addition, we have excellent customer service, we love to guide our clients to find the best real estate opportunity according to their needs.
Can't find the answer to your question?
Contact us
