Finding a Property

Information about how to find a property to buy in Mexico, with information about working with estate agents…

Available properties can be found in a number of ways. Working with a real estate agent can help buyers find properties in line with their requirements. An agent may also be aware of properties that have not yet been put on the market.

Local Spanish-language print newspapers generally include property listings in their classified sections.

Properties for sale may have a Se Vende sign in the window and viewings can be organized directly with the owner (trato directo) or through an agent.

It is important to have a clear idea of the desired neighborhood, and of the price range in that area. In large cities, and specifically Mexico City, traffic and commute times, and proximity to public transportation and amenities should be taken into account.

Working with an Agent

Buyers and sellers may deal directly with each other, but those unfamiliar with the process, or uncomfortable conducting business in Spanish, should consider working with an agent. Real estate in Mexico is regulated at the state level; so local agents will be familiar with the local property market and procedures in their state and should be able to guide and protect prospective buyers through the process.

Moreover, an agent may be able to facilitate the process by working with, or recommending a notary public, lawyers, mortgage brokers, architects and engineers, and other service professionals who may play a role in the purchase or sale of property in particular areas.

The relationship between the potential buyer and estate agent is not necessarily governed by a contract, and the concept of exclusivity may or may not apply. If there is no exclusivity clause, the buyer may work with as many estate agents as they like.

Agents’ fees are paid by the seller or landlord and are generally in the range of five percent of the sale price. Potential buyers who wish to view a property may approach the seller or the seller’s agent directly, or have their own agent do so.

While there are certain advantages in working with an experienced agent, it should be noted that the main professional body in Mexico, the Asociación Mexicana de Profesionales Inmobiliarios (AMPI), is an association rather than a regulatory or certifying body, and there is currently no system of licensing or accrediting agents.

For this reason, care should be taken when selecting an agent, and references from past clients should always be sought. A number of property agents specialize in working with expatriate communities, and can provide references in English.

The process of buying and selling any type of property or land is regulated at a state level in Mexico. While some procedures in the property purchase process may be identical in all states, others may differ. This section aims to give an overview of what is involved in buying a property in Mexico, prepared by a real estate expert in the Mexico City property market. It should be noted that for particular practices and requirements in areas other than Mexico City, advice should be sought from a professional familiar with the property market in that state.

Information provided by Carmella Peters-Romero and Hector Romero of Peters & Romero Bienes Raíces Tel: 044 55 4341 3131 / 044 55 3713 0985 / 044 55 4045 4872 Peters & Romero Bienes Raíces email