Ricardo Amigo Real Estate

Buying a Property

Identify a titled property you're interested in. Then, submit a signed written offer along with a copy of your passport, driver's license, and visa. Make sure your signature matches your passport signature exactly.

Upon acceptance, the Buyer must wire a 10% deposit plus an escrow service fee, and any due diligence fees to an agreed-upon escrow account.

Escrow options:

You'll also need to cover the initial costs of:

Each service provider will receive a direct wire transfer.

All applicable wire transfers should be made within 5 to 7 business days of the signed offer depending upon the terms of the signed offer. The closing attorney handling this process can vary and is usually selected by the buyer or the buyer's agent. Our in house closing attorney is Lic. Manuel Humberto Frias Orozco.

Note: Mexican nationals are not required to submit the fideicomiso application.

Notify the closing attorney or your agent at least 30 days prior to the closing. A Power of Attorney and a letter for the bank will be prepared for someone in Mexico to sign on your behalf. These documents must be notarized and apostilled in your home country (additional fees apply). The option of an online company is available. They can assist you with notarizing and apostille service that can expedite the power of attorney process if you are not in Mexico. You can be in another country but must be a US citizen.

Yes. If desired, buyers must complete a title insurance application through the chosen provider and must obtain a letter of commitment from the title insurance company. The cost on this is $7 USD for every $1,000 USD spent on the property with a minimum of $1,200 USD plus 16% sales tax on the final amount.

Once all contingency clauses or due diligence that was part of the purchase agreement are met and the Buyer and Seller gives written acceptance to the closing attorney, the deposit becomes non-refundable and the fideicomiso/escritura process begins.

Typically, 60 to 180 business days, depending on the complexity of the transaction.

The 90% balance, along with the remaining closing costs fees, must be wired 5 business days prior to closing.

Yes, but you must request this in advance. A certified translator will prepare it at $25 USD per page (fideicomisos are a minimum of 30 pages).

Contact your agent, the broker, the closing attorney or the notary office. Our in-house legal team of Lic. Manuel Humberto Frias Orozco, Lic. Daniela Baudry and Lic. Carolina Estrada Gullarte are here to guide you through every step.

Your finalized fideicomiso or title will be available in about 3 to 4 months after closing. You can pick it up during your next visit or have it sent to you via FedEx.