Any Location & Condition. No Viewings Or Hassle. NAPB Approved & RICS Regulated. No Viewings, No Chains, No Hassle. We Buy Any House - Any Condition or Location.
- How It Works
Follow Our 3 Simple Steps To
Know Information About Our Process.
- Customer Reviews
Read Through Our Customer Reviews
To Know About Their Experiences.
- Free Cash Offer
Contact Us Today For A Cash Offer.
No Obligation And Nothing To Pay.
- Regulated Property Buyer
NAPB Approved & RICS Regulated.
5 Star Genuine Customer Ratings.
- Property Buying Process
How Does Property Buying Process
Work-At Good MoveTM
- Sale Date To Suit You
Sell In Days Or In Your Timescale.
No Chains, Just A Hassle Free Sale.
- How It Works
Search results
It’s entirely possible to do it yourself
- Selling a property in Mexico can be a complex process, but it’s entirely possible to do it yourself without the need for a real estate agent. However, understanding the procedure and following the legal requirements is crucial to ensure a smooth transaction.
www.expatfocus.com/mexico/guide/mexico-selling-property
People also ask
Do you pay taxes when selling a property in Mexico?
Can a foreign person sell a property in Mexico?
What happens when you sell a property in Mexico?
How much does it cost to sell a property in Mexico?
Here’s a step-by-step guide on how to sell your property yourself in Mexico: 1. Determine the Property’s Value. Before listing your property, it’s essential to determine its market value. You can hire a professional appraiser or research comparable properties in your area to get a rough estimate.
May 1, 2024 · As a property owner, you should consider obtaining Mexican residency in order to reduce or even eliminate your tax liability should you decide to sell your property. As a foreigner with Mexican residency, you receive the same consideration and benefits as a Mexican national which means you may be eligible for a complete exemption of capital gains.
- Selling Fees
- Professional Fees
- Taxes on The Sale of Residential Property in Mexico
- Capital Gains Tax
- Deductions Allowed For Capital Improvements
- The Currency Exchange Rate Effect
- Selling Your Mexican Home as A Non-Resident
- Your Notary Public Is A Key Contact
- Learn More About Property in Mexico
It’s possible to market and sell your property without the services of a local realty agent; however, as we explain in our Guide to Realty Agents in Mexico, a good realty agent provides a marketing service, a conduit between the negotiating parties, and someone who will help to work through the paperwork to bring a property sale to successful compl...
In Mexico, the role of the Notary Public is paramount in property transactions. As we explain in our Mexico Real Estate Guide, a Mexican Notary Public is a legal professional with very important statutory roles. The fees for the Notary Public are paid for by the buyer. Some buyers also choose to hire a lawyer, which can add several thousand US doll...
Taxation on residential property sales is a complex area of Mexican tax law and every case will be slightly different depending on the circumstances. Also, keep in mind that tax laws are subject to reform and because house purchases tend to be long-term investments, the tax laws which apply today might apply entirely, in-part, or not at all when yo...
Mexico applies a capital gains tax on residential property of 25% on the gross sales value of the transaction without any deductions OR between 1.92% and 35% on the value of the gain (purchase costs less allowable exemptions and deductions): the percentage is calculated on a sliding scale in relation to the gainand we recommend you assume 35% as re...
You can deduct the costs of any capital improvements (e.g. building extensions, new flooring, swimming pools, new rooms) while you owned the property, as well as some closing costs commonly incurred when purchasing a home. You need official receipts —in Mexico, these are known as ‘facturas’— for all services and building work to claim these allowan...
In most towns and cities across Mexico, home prices are quoted in Mexican pesos when they are offered for sale. However, a few places and most notably in Los Cabos, Puerto Vallarta, San Miguel de Allende, Ajijic/Chapala, and Cancun/Riviera Maya, home prices are often seen quoted in US dollars. Even though the home may be marketed in dollars and the...
If you are not a resident in Mexico and/or you don’t have a Mexican tax ID, you cannot claim the one-off allowance exemption explained above, although you can claim qualifying deductions, so long as you have the official receipts (facturas) to prove the expenditures which can be deducted.
The Notary Public (in Spanish, Notario Público)is the most important professional person you will deal with when you buy and sell property in Mexico. Don’t rely on hear-say and instead get the Notary Public to assess your individual situation and the taxes that will likely apply to it. When you’re buying property, talk with the Notary about what yo...
We publish a wide range of guides and articles about property and real estate in Mexico: 1. Learn about the costs and taxes of buying property in Mexico 2. How do property owners value their Mexican house? 3. What drives house prices in Mexico 4. Putting your house on the market for sale 5. Comprehensive guide to buying and selling real estate and ...
- Real Estate Agent Fees. When listing your home for sale in Mexico, one of the first things you’ll need to consider is hiring a real estate agent. These seasoned experts can help you navigate the complex property selling process and ensure you receive the best possible price.
- Notary Public Fees. In Mexico, a notary public is required to oversee the sale of real estate, ensuring that all necessary documentation is completed and submitted correctly.
- Capital Gains Tax (Impuesto Sobre la Renta) Capital gains tax in Mexico, known as Impuesto Sobre la Renta (ISR), is levied on the profit generated from selling a property.
- Value-Added Tax (IVA) Value Added Tax (IVA) is a sales tax applied to transferring goods and services in Mexico. However, when it comes to selling residential real estate, IVA is not typically used.
Oct 31, 2023 · Property that is located in the interior of the country can be owned directly by a foreigner. In this case, under the Mexican Constitution, your ownership cannot be restricted in any manner, and you will be able to keep such ownership until you transfer it, sell it, or will it to others.
Jun 6, 2024 · Some property transfers in Mexico offer possession but not legal title; this article explains the practicalities of buying and selling untitled land.
4 days ago · When you eventually come to sell your Mexican property, the buyer will pay most of the closing costs, but there are also selling costs and taxes you will need to account for. The three main costs when you’re selling a property in Mexico are: Selling fees; Professional service fees; and. Taxes.
