The Buying Process of Real Estate in Riviera Maya

Congratulations! You’ve found your dream home in Riviera Maya with the help of Moskito Real Estate. Now, what’s next to make it officially yours? This blog outlines the essential steps from finding your paradise to closing the deal.

Understanding the Process: From Offer to Ownership

  1. Finding Your Ideal Property: Collaborate with your Moskito agent to locate the perfect piece of real estate.
  2. Negotiating and Drafting the Offer: Your agent assists in drafting an offer and negotiating a price that suits both parties.
  3. Due Diligence: Over 7-10 days, your attorney ensures all documents are in order, crucial for a smooth transfer of title.
  4. Promissory Purchase Agreement: Once everything checks out, sign the agreement and submit a down payment, typically 30% of the purchase price.
  5. Preparing for Closing: The notary orchestrates the collection and verification of all necessary documents, including the creation of a trust (fideicomiso) where applicable.
  6. Final Closing: Approximately 45-60 days after the promissory purchase agreement, finalize the transaction at the notary’s office.
  7. Congratulations: You’re now the proud owner of a stunning property in Riviera Maya!

Managing Long-Distance Closings

If you can’t be present for closing, don’t worry. You can appoint a power of attorney, such as a trusted Moskito agent, to sign on your behalf, ensuring a seamless process.

This overview simplifies the buying journey. Moskito Real Estate is here to guide you through every step, ensuring a straightforward and enjoyable transaction. Stay tuned for more insights on property purchasing in Mexico!

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