How to sell a property in Mexico, via an Estate Agent, an agent who specializes in overseas property, or if selling a property by owner.
To sell a house, apartment, villa or any type of property in Mexico, you'll need to:
Prepare the property: Get the property ready to sell by making repairs, cleaning, decluttering, and staging.
Find a buyer: Find a buyer and negotiate the sale terms, You can do this through an agent or use the for sale by owner option. Either way the legal paperwork should be completed by a professional.
Sign a purchase agreement: Sign a purchase agreement with the buyer.
Have a notary public oversee the transfer: Have a notary public oversee the transfer of ownership.
Register the property: Register the property with the Public Registry of Property in Mexico to legally protect your ownership.
Here are some other things to consider when selling a property in Mexico:
Taxes - Non-nationals may be subject to a capital gains tax of 25% of the gross sales value or about 35% of the value of the gain. You can consult an accountant to maximize your deductions and get the best rate.
Currency - All real estate transactions are recorded in Mexican pesos, regardless of the currency used to purchase the property.
Heirs - If the property has multiple heirs, all heirs must agree to the sale.
Notary public - A notary public is a key professional to work with when buying and selling property in Mexico. They can assess your situation and the taxes that apply.
Listing agent - An AMPI-accredited listing agent can help with preparations like repairs, cleaning, and staging.
Title company - A title company can review documents and provide a report on what's required to close the sale.
Show your property to potential buyers: You can work with a real estate agent to show your property to potential buyers, or escort buyers around yourself if using the for sale by owner option.
You can work with a team of attorneys, accountants, and real estate agents during the sale or a mix of those professions depending on how you wish to sell your property.
Note this information is purely a guide, and if selling or renting in Mexico, we advise you to seek professional help as relates to your specific needs.
Find out how to list a property in Mexico for sale here.
