How to Buy Property in Puerto Vallarta if I am Not-Mexican?

Owning a property in Puerto Vallarta being a foreigner is not problematic at all. The process is really simple, and you can own your dream house in no time. 

Puerto Vallarta has always been in demand when it comes to real estate dealings. There are plenty of options, right from resorts, villas, apartments, condominiums, to houses. Some of the illustrious names in the entertainment business have their properties here. In fact, the process of purchasing property in Puerto Vallarta is not dramatically different than what you have in the USA or Canada. You do not need to be a Mexican citizen to purchase a property. Any foreign corporation or foreigner can buy any type of property and keep the same as a direct owner in compliance with Mexican Law. The following are a few things you need to be aware of when you are buying property in the region being a non-Mexican. 

Choose the right real estate agent 

The first that you need, as a non-Mexican looking for puerto vallarta real estate homes for sale, is the right real estate agent. You need professionals with enough experience who can clearly explain the process of purchase to you. Viacapitale can really come to your aid in this aspect with their small but experienced group of professionals who offer customized care to each client. 

Using a public notary for the process 

When you go for puerto vallarta real estate homes for sale by viacapitalepv.com, you will receive valuable recommendation about a public notary as well. You will be offered all the details of the notary as you would want to know. The public notary is a lawyer appointed by the Mexican government, and his presence is crucial in purchasing a property. They will review and certify your documents and make sure that the property transfer is legal. 

 

Check the official documents 

There is a long list of official documents that your notary and real estate agent needs to have. Viacapitale will inform you about these documents beforehand. You will need a copy of the seller’s title and property registration papers from the public register. The public property department will also provide a non-lien certification. Make sure that the annual property tax and utility bills are all updated. 

Get an estimate of the closing costs 

You will receive an estimate of the closing costs. This estimate will include the details of property transfer tax, permission for foreign affairs, fees of bank trust for a year, expenses, and fees of the notary. On the closing date, you will sign the final deeds, and final payments will be decided upon. 

 

Checking before delivery of the property

The taking of title and the delivery of the property are two different processes that can be scheduled on two different dates. Check the property yourself and then sign on the delivery statement. The delivery statement mentions the official date of delivery of the property. If you have a good real estate agent by your side, then you will not have to face any of the hassles in buying a property in Puerto Vallarta. The fact that you not a resident of the country will never stand in your way of owning a stunning property.

Blog Source: https://www.viacapitalepv.com/how-to-buy-property-in-puerto-vallarta-if-i-am-not-mexican/