Alternatives

It is a common misconception that foreigners cannot own real estate in Mexico, but the reality is that they can. Outside the Restricted Zone, defined below, a foreigner or foreign corporation can acquire any type of real estate, holding the property as a direct owner complying with Mexican law. Puerto Vallarta and surrounding regions in the bay including Punta Mita, Litibu, Sayulita, San Pancho and Costa Alegre are all considered areas in the restricted zone.
Learn More

The Real Estate Industry

The real estate industry in Mexico is similar in many ways to that of the United States, which is probably the most advanced in the world. It is developing quickly, taking advantage of today's technology; however, it seems to be paralleling the system as it exists in the U.S.A. In fact, Puerto Vallarta has the most advanced MLS system in Mexico, whereby all properties listed are checked prior to listing the property that the deed is in order and the person signing the listing agreement (the seller) is the person described in the deed/Fideicomiso, property taxes have been paid and no liens exist on the property.
Learn More

Purchase-Sale

Most real estate transactions are "opened" after a written purchase offer is accepted by the seller and when a purchase-sale agreement (promissory contract) is signed by both parties. In most cases, a deposit is required by the broker to transmit the offer to the seller to be deposited in an escrow account. If the transaction is being conducted directly with the seller, it is highly recommended that a real estate broker or lawyer be consulted before signing any papers or handing over any money.
Learn More