How to buy property in cancun

how to buy property in cancun

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Mexican citizens are able to buy properties anywhere within the country, but foreigners face some extra fees when purchasing in some of the more desirable areas. If you are buying property currently held in a trust, you can either establish a new trust for the next year period or take over the existing trust deed. Escrow is new around here, but most real estate brokers and agents are using escrow. Real estate closing costs in Mexico consist of various fees and expenses. These costs are always the responsibility of the buyer.