Step 6. Once you have received copies of the property deeds from the seller, your attorney will verify with the Notary Public that they accurate and there that there are no existing liens on the property.
Step 7. Your attorney will also verify that the property is not included in an ejido land claim. Ejidos are explained in more detail in our “Guide to Buying Property in Mexico”.
Step 8. Your attorney in Mexico will then review any official land appraisals provided by the seller and then arrange to have the property reappraised to ensure that there are not any significant incongruencies.
Step 9. Your real estate attorney in Mexico will verify your legal status in Mexico to the appropriate authorities by presenting copies of your Passport, Birth Certificate, Marriage Certificate, Visa, etc.
Step 10. Your attorney will require that the seller provides up-to-date original versions of, the original property deed, current tax receipts, utility bills and all corresponding land-service fees of the property in question. All of these documents must be shown to be paid in full to assure that you are not left responsible for any unpaid debts. (Under Mexican Law, all liens or unpaid debts are transferred with ownership of the property).
Step 11. Unless otherwise stated in the purchasing agreement, the seller will pay the Capital Gains Tax, the price of which will be determined by the Notary Public.
Step 12. Full payment is made at the time the deed is signed over to you. This shall take place in the Notary Public’s office in the presence of your real estate attorney in Mexico. Your Mexican attorney’s and the Notary Public’s fees are paid at this time as well as any corresponding taxes involved in the land purchase.