W
ithout a doubt,buy a house in Puerto Vallarta is a dream for many foreigners who are looking forinvesting in real estate in Mexico. However, it is common to have many questions about how the purchase process works, the taxes involved and the advantages that a foreigner has when acquiring a property in Puerto Vallarta, Mexico. In this article, we will solve all these doubts;
Is it possible to buy a house in Puerto Vallarta without being a resident?
Yes, everyone has the right tobuy a property in Mexico without being a resident, regardless of their nationality. Article 27 of the Mexican Constitution establishes the right to private property for all individuals.
Do foreigners pay taxes when buying a house in Mexico?
Yes, one of the main tax obligations is the tax on the acquisition of real estate, known as “transfer of ownership tax“. This tax varies depending on the state and the value of the property, but generally ranges between 2% and 4% of the value of the property.
Don’t miss the opportunity to live in paradise, buy your home in Puerto Vallarta today! 👆
Advantages for foreigners when acquiring a property in Puerto Vallarta
Diversity of properties
Investment potential
Lifestyle
Process of buying a house in Puerto Vallarta for foreigners
01. Research and selection
Research the areas of Puerto Vallarta such as romantic zone, fluvial vallarta, new vallarta, bucerias, to mention a few, and choose the one that best suits your needs and preferences.
02. Real Estate consultant
Hire a trustworthy real estate agentand experienced in foreign transactions to guide you through the process, at Elengorn Realtors we have specialized agents to support you throughout your purchase process.
03. Bidding and negotiation
Once you have selected the property, submit an offer and negotiate the terms of purchase with the seller.
04. Signing of the purchase and sale contract
Once the offer is accepted, a purchase contract is signed, the down payment is made and the process of purchasing the chosen property begins.
05. Bank trust
The creation of the bank trust is requested through an authorized Mexican bank, which will act as trustee.
How does the bank trust for foreigners work?
The bank trustis a legal contract in which a Mexican bank manages property on your behalf. You are the fideicomitente (beneficiary) and the bank is the trustee.
05. Final payment and deed
Once the trustis constituted, the final payment is made and the property is deededed in the name of the beneficiary.
Best real estate agency in Puerto Vallarta
To guarantee a smooth buying experience, it is advisable to work with a real estate agencyrecognized and experienced in transactions with foreigners. One of the most outstanding agencies in Puerto Vallarta is Elengorn Realtors, they accompany you hand in hand from the purchase process to the handover.
Contact us! At Elengorn Relators we will help you find the ideal property and guide you through the entire buying process.
Would you like to buy a house in Puerto Vallarta?
How to buy a house in Puerto Vallarta without being a Mexican resident?
Buying a house in Puerto Vallarta as a non-resident foreigner in Mexico is an accessible and safe process, with numerous advantages and opportunities. With the help of an real estate agentexpert and following the right steps, you can make your dream of owning a property in this paradisiacal tourist destination come true. Don’t wait any longer and start your adventure in Puerto Vallarta!
