Real Estate in Mexico

"I asked around at work, drove around the neighborhoods by taxi and by chance while exploring a neighborhood on foot I saw a For Rent sign on a very appealing hacienda. I knocked on the door and the owner rented it to me on the spot," said one expat in Puebla.

"We made a discovery trip here in July. Loved the place and stayed a month... We toured the entire area and eliminated those areas that were a bit far out or did not meet our needs. We sold our home in the states in three days which spurred us to find a home... We have a dog and two cats that made renting a bit of a hassle so we decided to buy. I made another trip in September and we decided on one of the homes we had previewed earlier. It is a smaller gated community (7 homes) and we are quite delighted," remarked one member in Ajijic .

"Cost of living here is far less than the USA as are excellent restaurants, bars, clubs, etc," explained one expat living in Rosarito, Mexico.

"When we still lived in PV, my Mexican husband contacted a real estate place that handled rentals. He flew there to see it and we moved there. Two years later we found a bigger/better place, closer to the border, on the recommendation from a buddy at his work," said one person in Tijuana.

"Finding a place to live in Mexico can be done in a few different ways. The first option is to look for rentals online. Sites like Airbnb or Vrbo offer many vacation rentals in Mexico, which may be suitable for long-term stays. You could also look for rental listings on local listings sites, such as Craigslist, OLX, or Inmuebles24. Another option is to search out real estate agents in Mexico and ask them to help you find a place to live. Additionally, if you know people in Mexico, they may be able to help you find a rental and show you around the area. Word of mouth is another great way to find a place to live in a new country. Finally, if you're looking for something more permanent, you could consider buying property in Mexico. Purchasing a home or condo in Mexico requires researching both regulations and the market. It's important to speak with a real estate professional in the area who can guide you through the process," said one expat who made the move to Mexico.

"Our home is a two story, 2 bedroom with around 2800 sq ft. We have a pool and small garden. The house is stand alone in a gated community. The area in which we live is primarily single family and we are about 10 minutes driving time to the center of town," explained one expat living in Ajijic , Mexico.

"We live in a single family dwelling that shares side walls with my neighbors. It is 2 story with 3 bedrooms and 2 baths. Houses are made with brick or cider block with a skin coat of concrete. Many houses have beautiful, lush gardens with indoor/outdoor living. We chose not to have one. Many people have maids and gardeners but it was not in our budget. Square footage of houses include covered porches so be aware of that. We looked at one house that a porch was 1/3 of the square footage which left very little living space," said one person in Lake Chapala.

"We rented a 3 BR/3 Bath home. It is very modern and has a small front yard and a beautiful back yard with a pool. It is 2 stories. We also have a terrace overlooking the back yard and a sunny roof top overlooking the front of the house. The house has a large wall around it and an electric gate in the front which is very nice for our 2 dogs and 2 cats. They can go in and out as they please," said one expat who made the move to Merida.

"We live in a large home one town over from where my husband works. I think the type of housing one chooses depends on the expat. Some are single and would rather live modestly and pocket the excess money from the monthly stipend they are given towards housing. Others have families and need/want more elaborate housing. I don't know any expats living here who aren't working for a U.S. company. This isn't the type of area people move to on a whim. They are sent here for work," explained one foreigner living in Comalcalco, Mexico.

"We live in a house on the beach. Many ex-pats live in houses and condos on or close to the beach," said one in Manzanillo.

"Oh, much lower!! We pay $400. (US)/ month for our house. In San Diego, California, the rent for such a place would be about $1500./month. You can rent a 1 bedroom apt. in TJ for as little as $80. (US)/mo. but I don't think too many Americans/Canadians would be happy with the lack of space, amenities and location. There are also lovely places here for $1000./mo. but those renters/owners are considered to be "rich" and could be a target for robbery," said one expat who made the move to Tijuana.

"We lust bought a small (1400sqft) house in Rosarito for $325,000. Not much inventory so if are ready to buy you can't be real picky. The 2 places we really wanted to see sold the day before we got there. New house built in 2019, nice furniture & long range ocean view," explained one foreigner living in Mexico.

"The costs are a little less to about the same as the U.S. (to rent). The locals have realized they can get more for their properties because they are dealing with petroleum companies who are willing to pay. And, I think there was a housing shortage for a while. The house is nice though. We pay about usd $1800.00 for about 3000 sq.ft. You can rent cheaper places but you will generally end up with problems (leaking roof, older appliances)," said one in Comalcalco.

"Thank god the company pays for it. The cost for an apartment is anywhere from $1,800 usd to over $5,000 usd. We are currently paying $3,800 per month utilities included," explained one expat in Mexico City.

"My costs are much lower. I could never have this type of home in the USA for this price. The average cost of renting an apartment in Puebla is $5000 MXN, and a modern, brand new home would be twice the price," explained one person living in Puebla, Mexico.

"We purchased a home... Buying is easy but selling is a challenge so they say... Ours went well and we have moved over 20 times in our marriage so buying and selling homes is not new to us... One serious recommendation is to get an attorney to look over the papers and assist in closing. Realtors here run from great to not so and having a knowledgeable third set of eyes makes the process painless," explained one person living in Ajijic, Mexico.

"We bought an empty lot and built a house on it. Had to get construction permits, since I was a resident at the time it had to be in my wifes name as she is a citizen," said one expat in Apizaco.

"Buying a home in Mexico can be a great opportunity to acquire a property in a country where you will undoubtedly find a vibrant culture and beautiful scenery. However, as with any purchase, it is essential to consider a variety of factors before committing to a home. Renting a home in Mexico is also a good option because you can try out an area before making a large investment. Additionally, you may be able to benefit from cost savings associated with renting a home, as the maintenance costs and property taxes are the responsibility of the homeowner. Ultimately, it comes down to your personal preference, budget, and lifestyle," remarked one member in Mexico.

"We bought a condo that we lived in for 9 years, then sold it and built our house. I is a very easy process, as long as you have a good realtor," explained one expat living in Manzanillo, Mexico.

"1. Be sure to research the local laws and regulations that are in place in the area of the property or development you plan to buy. 2. Make sure to hire a qualified lawyer that specializes in property law in Mexico. 3. Understand the concept of fideicomiso (Trust Agreement) which is a legal restriction that foreign nationals must agree to with a Mexican bank to become a buyer of property. 4. Spend time talking to local expatriates who are familiar with the area and its laws. 5. Determine all closing costs including Mexico's Capital Gains taxes, property taxes and transfer taxes that must be paid by the seller. 6. Consider getting a home warranty that covers the home and its systems for a certain period of time. 7. Be prepared to pay for a land surveyor to come and survey the property, so that it is properly registered at the Mexican courthouse. 8. Familiarize yourself with the title restrictions in the area to make sure you fully understand the property you’re buying," explained one person living in Mexico.

"Yes, foreigners are allowed to own property in Mexico. The Mexican Constitution guarantees the right of foreigners to own property in Mexico, as long as certain restrictions are followed. Foreigners are not allowed to own property within a restricted zone, which is within 100 kilometers of the border and 50 kilometers of the coastline. However, foreigners can own property in this zone through a bank trust, known as a fideicomiso. This trust is administered by a Mexican bank and allows the foreign owner to have full use and control of the property," said one expat in Mexico.

"Generally, rental properties in Mexico come with basic appliances such as a refrigerator, stove, and washing machine. Some properties may also include air conditioners, microwave ovens, and/or coffee makers. Depending on the property, some additional features such as a dishwasher may also be provided," explained one person living in Mexico.

"Expats can search for homes in Mexico by using online real estate websites, such as Inmuebles24, Lamudi, and Vivanuncios, which offer a wide selection of properties for sale and rent. Additionally, expats can contact local real estate agents who specialize in helping foreigners find homes in Mexico. Expats can also search for homes in Mexico by attending open houses and visiting neighborhoods to get a better feel for the area. Finally, expats can join online expat forums and ask for advice from other expats who have already gone through the process of finding a home in Mexico," said one in Mexico.