Buyers Documentation:

Proof of full names, any applicable marriage certificate,

proof of dates and places of birth, official identification

with a photograph (driver’s license or passport) and

you will need to be able to prove that you are in Mexico

legally.

Anticipated Buyers Costs: 4%-6% of purchase price which

Should include the following:

Notario Publico fees -- Generally 2% to 3% of the

appraised value of the home. Some notarios,

though, will work on a flat fee basis.

Appraisal fee -- This fee depends on the value

of the property. In addition, the rate varies from

state to state. Generally between $100 and $500.

Title insurance -- About $5 per each $1000 of

coverage.  Generally this is a BUYERS CHARGE

Transfer taxes -- This fee is generally 2% to 3%

of the higher of the sale price or the assessed

value.

Deed recording fees -- Varies by location.

Property taxes (predial) -- Property taxes in Mexico

vary but are generally quite low compared to

property taxes in the United States.

Seller Documentation:

Copy of passport, marriage certificate and

the existing public deed (escritura

pública) complete with recording information, and

a current copy of the lien certificate (certificado de

libertad de gravámen) and items such as up-to-date receipts for

taxes or you do not owe taxes, subdivision fees, water and any other public utilities and evidence that you are up to date in payments.

Your trustee/fiduciary bank (if title is held in a

title trust); and a certificate from the local Public Registry

of Property showing your ownership and no

encumbrances or liens - contact information if so

Determine the capital gains tax to be paid by the seller based on the purchase

price and the price that the seller paid for that particular

property.  Consider the amount shown on the records for ‘appraised value’

Obtain a copy of any Covenants, Conditions

or Restrictions for the property and any

homeowners’ association bylaws, budget and

financial statements.  Condominium Regine (?)

If the seller is a Mexican corporation, capital

gains taxes are paid on its annual corporate tax filings.

(The seller normally pays the capital gains tax, unless

there has been an agreement that it be paid by the buyer.)

Other items:  Cable/Telephone providers – Trash – Internet –

Escrow agreement for the deposit and full agreement

Initial Offer to Purchase

Agent contact information – Buyer – Seller - Lender

Attorney, notario publico, Title Company contact nos.

Estimated dates:

..:Property Previews:..

Based on your own criteria and needs, I will preview targeted properties upon your visit and will keep you informed when other properties that might meet your needs are available.

..:Home Showings:..

Once I fully understand your purchasing requirements, I will focus my attention on showing you those properties on the market that are in the right location and at the right price.

..:Personal and Timely Response:..

I will return your phone call or email within 24 hours or less and provide you with an updated property listing for your viewing every two months.

..:FINANCING:..

..:Financing Pre-Approval:..

I will offer to arrange a pre-qualification or pre-approval information and appointment with a reputable lender to identify your range of affordability and to increase your negotiating strength. Remember, there is no financing on some pre-construction projects.

..:Good-Faith Estimate From Lender:..

You will benefit from my experience in working with financial institutions to expedite your getting a prompt good-faith estimate from a lender.

..:Buyer Representation:..

I will discuss in detail the nature of your buyer representation choices as well as other issues and alternatives. I will also present and explain to you the representation agreement and the special services and benefits it offers.

..:Buyer Counseling Session:..

I will communicate with you via email as much as necessary and once you visit our area, will sit down with you as many times as necessary to discuss your needs and goals and to plan a timetable for your home, condo or land purchase. If needed, when you arrive to our area I will arrange for a car to pick you up at the Cancun International airport and take you to your accomodations. If needed, I will help you arrange your accomodations.

..:CONTRACT GUIDANCE:..

..:Property Disclosure:..

I will review with you all reports and other documents pertaining to the condition of the property and disclose all physical defects of the property that are known to us. In Mexico there are no inspections but we work closely with an engineering company that gives this service to our clients.

..:Home Insurance Plans:..

I will refer you to a reputable insurance broker that works closely with all our investors.

..:TRANSACTION ASSISTANCE:..

..:Negotiation Strategy:..

I will prepare a negotiation strategy for the property you have selected, including a written Comparative Market Analysis and advice on the initial price and terms to offer where permitted.

..:Offer Presentation:..

If you wish, I will request to present the offer to purchase directly to the seller in the presence of the listing agent.

..:Closing the Sale:..

I will monitor and inform you of the progress of the purchase agreement, including the satisfaction of all contingencies and conditions during the entire transaction. I will also help you to setup your trust with a bank with which we work very closely and who gives outstanding service to all our investors, or I will refer you to a law firm that will represent you.