Protecting Your Investments: Jalisco's New Real Estate Law Protecting Your Investments: Jalisco's New Real Estate Law In a significant stride towards safeguarding the interests of Jalisco's residents and ensuring trustworthy real estate investments, the Jalisco Congress has officially ratified the Registration and Accreditation Law for Real Estate Service Providers of the State of Jalisco. This...
Understanding Property Taxes in Mexico When it comes to owning property in Mexico, it's crucial to have a clear understanding of the various taxes associated with real estate. Among these, property taxes play a significant role, and they can vary depending on the type and location of your property. Let's explore the two main property taxes you need to be aware of: 1. Transfer Tax: A vital...
Before you complete a real estate transaction in Mexico, it's essential to account for closing costs in your financial plan. These closing costs in México are comprised of various fees and expenses associated with the property purchase. Typically, they add up to approximately 4% to 6% of the property's purchase price. Importantly, these closing costs are the responsibility of the buyer. It's essential...