Mexico Buying Guide

Rancho Partera S.A. de C.V.

OCEAN FRONT PROPERTY FOR SALE IN PUNTA CHIVATO

BAJA CALIFORNIA SUR, MEXICO

Fideocomiso (A Mexican Real Estate Bank Trust) Non-Mexicans CAN securely hold title to property in Mexico. Land that is located along Mexico's coasts and within 50 miles of the border and other restricted areas can be owned by foreigners via a Real Estate Trust, or "Fideicomiso". Essentially, the foreign buyer creates a Trust, through a Mexican bank, which holds the property title. In creating the trust, the bank requires proof of title before purchase, and in this way you are protected from future land disputes. This is what foreigner's did not do in past land transactions; they bought land with out seeing the owner's clear title. Later they lost it because the person they bought it from did not have the legal right to sell it. With a fideocomiso, this problem has been eliminated. The bank will not accept your trust unless the purchase is legal. The bank, regulated by governmental agencies, acts as trustee on behalf of the beneficiary - you. These Trusts are established for up to 50 years and then renewed in increments of 50 years. You, the beneficiary of the Trust - and no one else - have all rights of ownership, including selling or leasing the property. The property also becomes part of your estate and can be passed on to heirs without inheritance tax. The Fideocomisio costs about $5,000.00 to set up legally and Rancho Partera can guide you to para-legal services to help you through this process. it costs about $500.00 per year to maintain the trust. The "Fideicomiso" trust arrangement should not be confused with the leasing of property. As a lessee, you do not have rights or control over your property. Mortgages Mortgages are not typically available in Mexico,however, this is changing all the time. Mortgages with a 50% down payment, have recently been offered for vacation homes in Cabo and Loreto and may be available in the future in Punta Chivato. Property in Meixco is generally purchased on a cash basis, but purchase terms can be worked out between the buyer and seller.
Title Insurance and Homeowner’s Insurance We have purchased Title Insurance for the entire property through Stewart Title Company and are assured of the validity of our title to the property. We would be happy to assist you in acquiring title insurance on your lot, and would encourage you to do so. We want you to feel absolutely secure. Recently, homeowner’s insurance has become available as well. You may wish to purchase this once you have built a house. It is the intention of Rancho Partera is to have a Mexican caretaker family living on the property full time in the future. While this is not guarantee of absolute safety for your home and belongings, it will provide reassurance that your property is being watched out for while you are away. This is a very safe community, with very little crime and an excellent community watch program. Building Design and Oversight You have several options when building a home at Rancho Partera. You can design your own home. Bring the plans to our architect contractor and do the building oversight your self. OR…. If you do not have the time to design your dream home nor the time to make frequent trip to Baja to supervise the construction, you can hire our company to do that for you. We have several house designs ready to go and would be happy to work together with you and the Mexican architect to make your dreams a reality. Having recently finished our headquarters, we will be happy to share our building experiences and guide you through the process. We can also assist you in finding the finishing touches, like tile, cabinetry and art work that can make your home unique.
Rancho Partera Sala	Mexican tile and mosaic
Cardon Palapa Strangler vine columns