5 Important things to consider when buying Property in Baja Mexico.
Here are 5 things to consider buying a property in Baja.
1- Check to see how you have to hold title. The "restricted zone' for foreigners is 100km from a border and 50km from the coast. Baja California peninsula is, in effect, mostly in the restricted zone. You can hold property fee-simple in outside of the restricted zone but need to use a bank trust or fideicomiso
2-Work with a professional real estate agent. Knowledge and expertise is in important
3- Understand the roles of a notario publico (public notary) as a title search agent, closing agent, and county recorder.
4. Understand all the additional costs of property ownership in Mexico such us, closing cost, property taxes, and land trust fees,
5- Get all contracts, promises, representations, and warrants in English (or have them translated).
If you are interested in a property in Baja California Mexico, please don’t hesitate to contact us.
Gustavo Torres
(619) 270 5446
Remax Baja Realty
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