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5 Tips for Foreigners Before Buying a Real Estate in Nuevo Vallarta


Bank Trust

It is essential for the foreigners to establish a trusted bank source if they are planning to buy Nuevo Vallarta Real Estate within the restricted zone. In this case, the buyer is the beneficiary of the loan, and the banks work as the trustee. The restricted area is within 100 km from the international border and near about 32 miles from the coastline.


Get Experienced AgentÂ

Try to get in touch with an experienced agent such that the procedure of purchasing the property goes easy. You have to conduct online research and ensure that you get assured assistance from the agents in the process throughout. You are the boss of purchasing the property, and don’t let the agent influence you with his decisions. You can also seek help from Nuevo Vallarta real estate by Viacapitalepv.


Use of Public Notary

A Mexican government appointed lawyer is essential throughout purchasing the property. Although the agent would come forward with his recommendations, it is preferable to choose your options and go for online research and get your notary. Starting from judging whether the


Calculate the Closing Costs

Though your agent and notary would be aware of all closing costs, make sure that the closing cost includes foreign affairs permit, notary fees and expenses, bank trustee for the initial years, property transfer tax, the opening of the bank trustee.


Arrange official documents orderly

You should have all important documents such as registration of property in public register and ensure there are no outstanding utility bills. In addition, also check copy of seller’s title where he has to provide it on the day of closing. Also, copy of the purchase of the house, yearly property tax and appraisal of property should be kept properly.


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5 Tips for Foreigners Before Buying a Real Estate in Nuevo Vallarta  

Buying a property is always considered a good investment. Leaving back your business at your place and if you are planning to build a new ho...

5 Tips for Foreigners Before Buying a Real Estate in Nuevo Vallarta  

Buying a property is always considered a good investment. Leaving back your business at your place and if you are planning to build a new ho...

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