Tag: mexican real estate procedure

Why you should ask for a CLG before you buy property

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By Liliana Elena Gonzalez There are a huge amount of owners selling their own properties, so now, more than ever before, you should be aware of the minimum paperwork that needs to be gathered to protect your investment.  One of those papers is the CLG, and trust me, it will save you future “headaches”. CLG  is “certificado de libertad de gravámenes” (means certificate of free liens) and it is issued by Registro Público de la Propiedad (public recording office). CLG will certify that the property you intent to buy is free…

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Real Estate Procedures in Mexico

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Real estate procedures are very different in Mexico, than in the USA or another country. There is no “escrow procedure” or “Title” companies, nor “home inspections” before you buy. Whether you buy directly from owners or through a real estate company, you need to have a good understanding of the Spanish language and Mexican law. Most of the closing costs will fall on the buyer. Deposits usually are made directly to the owner, not to an escrow account. Buying property in Mexico is a process unfamiliar to most and there…

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10 Reasons why you should hire an attorney when you purchase property in Michoacan

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By Liliana Elena Gonzalez Unless you’re significantly experienced in the buying process, you speak Spanish fluently and you are familiar with legal paperwork, it will be wise to hire a real estate lawyer. Legal representation will provide peace-of-mind (someone looking out for your interests). Here are ten reasons why: 1.- There is no specific law for real estate transactions in Mexico. – Therefore, there is no obligation to write a purchase agreement or “Attorney Review Period” in an offer. 2.- There is no mandatory education or test to become a…

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Our Real Estate Agent Couldn’t Explain to Us What the Complications Were

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My wife, Miriahm and I plunged into the comittment of purchasing a piece of property in Centro Morelia last May after searching around SMA, Guanajuato, and Guadalajara.. Our Spanish is fairly basic and our real estate agent from Tierra Colonial was affable and helpful. He negotiated the contract and introduced us to a notario who took on the case while we returned to Colorado, Little did we realize how complicated this transaction would be. We even had an warning omen for on the day we were returning to el norte…

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