What different contracts are involved in a Mexico Real Estate transaction?

Within Mexican Legislation, there are several Mexico real estate contracts related to the transaction; the most common agreements are oriented to purchase, sell, lease and encumber properties, whether these are preconstruction projects or finished residences.

The Sale-Purchase Agreement is a common civil agreement, by which the Seller transfers a property to the Purchaser, and the latter pays a certain amount of money for such transaction; if the object of this agreement is a property located within the restricted zone....

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How to Save Money through Mexico Retirement; The Cost of Living

From the very onset of choosing a Mexico retirement, you  are choosing amongst thousands of other Americans and Canadians who have discovered that living in Mexico is not only warm with access to an excellent quality of life, as well as rich culture and history, but also much less expensive than retirement back home.

The first way in which you will find very significant savings is through your Mexico real estate purchase.  In addition to a wide variety of properties which offers something for every budget, all property choices will be significantly less than similar choice back home.  Items such as maintenance, improvement (renovation, expansion or adaptation for retirement living), taxes and utilities will also be considerably less on your Mexican retirement property.

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TOP DEALS; Playa del Carmen Home for sale is $385 thousand below Bank Appraisal

$385,000 BELOW BANK APPRAISAL

This newly listed beautiful large Playa del Carmen homes for sale is located in the prestigious Club Real community within the most popular gated residential neighborhood in Playa del Carmen, called Playacar.

That is over a 30% reduction and just today reduced by $100,000 to $790,000.

Playa del Carmen properties that have been reduced drastically are now being show cased in a simple to find web page called    TOP DEALS.  click here to learn more ( Mexico Real Estate Deals )

 

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What makes a Mexico real estate contract legal and binding?

An Agreement is defined by Mexican Legislation and the Mexico law as a voluntary pact to create, transfer, modify and/or extinguish rights or obligations; furthermore The Federal Mexican Civil Code and legal doctrine establishes that an agreement is binding when the following elements are met:

Existence Items.- These are the most primitive and essential elements which any legal Mexico real estate contract or agreement must be provided with:

a) Consensus.- The express or tacit will of  the parties to execute an agreement;

b) Object.- The agreement’s goal must be determined or determinable from a physical and legal point of view (i.e. transmission of rights and obligations, to grant, to refrain from doing, to do).

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