After 14 years of experience in Mexican real estate transactions "Mendez Realty Group" can offer you title research and closing coordination services that will help you eliminate unnecessary risks, expenses and strees. Interested in our title services? Please CALL us and ask to talk to "Ivette Castillo" 

Learn what expenses to expect when buying an affordable real estate in San Quintin Baja Mexico through Bank Trust, Mexican Corporation or as a Mexican Citizent. Generally expect about 8% of closing cost of the amount of the purchased price also know there are obligations that follows after the deal is closed.

I.- WHEN BUYING AS A MEXICAN CITIZENT EXPECT:

•    Closing coordination anget's fee
•    Public Notary’s fee
•    2% of the purchase price for acquisition tax
•    No liens certificate by the estate of Baja California
•    No liens certificate by the municipality of Ensenada 
•    Certified appraisal
•    Certified survey
•    Public registry of property's fee

if your parents were born in Mexico and if in your birth certificated its stated that your parents are Mexican than you can obtain your Mexican citizenship by visiting your nearest Mexican Counsulate and subsecuently buy real estate in Baja California Mexico as a Mexican citizend would hold title. 

II.- WHEN BUYING REAL ESTATE IN BAJA MEXICO THROUGH A BANK TRUST expect the following closing costs and obligations:

•    Closing coordination's fee
•    Public Notary’s fee
•    Ministry of Economy's fee
•    Ministry of Foreigners affairs' fees 
•    Bank’s fees
•    2% of the purchase price for acquisition tax
•    No liens certificate by the estate of Baja California
•    No liens certificate by the municipality of Ensenada 
•    Certified Appraisal
•    Certified Survey
•    Public registry of property's fee

if your plan is to buy and use your real estate for residential purpose than BANK TRUST is the best way to hold title to your property, there is an annual administration fee collected by the bank you most bay and the property tax is due every January 1st.

III.- WHEN BUYING REAL ESTATE IN BAJA MEXICO THROUGH A MEXICAN CORPORATION expect the following closing costs and obligations:

•    Closing coordination's fee
•    Public Notary’s fee
•    2% of the purchase price for acquisition tax
•    No liens certificate by the estate of Baja California
•    No liens certificate by the municipality of Ensenada 
•    Certified Appraisal
•    Certified Survey
•    Public registry of property's fee

Please know that our Mexican Goverment does not allow foreigners to hold property for residential use, this legal vehicle is ideal when buying property as an investment but comes with responsabilities such:

1.- Monthly corporation tax report (expect accountant fees)

2.- Annual Ministry of fereigners affairs report (expect legal fees).

3.- Legal minutes of corporation (expect legal and notary fees)

4.- Annual property tax

ESCROW services are available for purchases in the area of San Quintin Baja by SECURE TITLE LATINE AMERICA and their offices are located in Rosarito Baja Mexico. TITLE INSURANCE its available for the moment in BAJA just through "ARMOUR SECURE" title insurance.

- NOTE BY: Jonathan Mendez M. (December 2018)