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The thought of buying a home in any foreign country as a vacation or even a secondary residence is a very appealing idea. Many individuals realize that the thought of owning a second home in a place like Mexico is ideal. There are several reasons why individuals will look for casas en venta en Monterrey or even other areas of Mexico.
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One specific reason is the fact that Mexico could be a very beautiful place to visit. Featuring its various landscapes with mountainous ranges to beautiful coastal towns and everything in between, Mexico is a place that is extremely attractive. An additional aspect of why individuals look for second homes or vacation homes in Mexico is the fact that because the cost of living is so low, purchasing a home in Mexico can often be a very affordable financial proposition.
If you are among those people that are searching for casas en venta en Monterrey, you might not get much further than merely considering the notion of purchasing a house there, if you subscribe to the idea that those individuals who are not Mexican citizens cannot purchase homes. To be quite honest, that notion is more of a myth than anything else.
The truth is that people can buy homes in Mexico, even when they aren?t Mexican citizens. However, owning a home if you?re, for example, a US citizen requires a few more steps than it would if a Mexican citizen were interested in buying a home in America. What you basically need to do is set up a trust with any well-established bank.
With regards to purchasing casas en venta en Monterrey or another area of Mexico, you will require a few things, outside of the money to buy the home. The very first thing you?ll need is a real estate agent. Now, it?s important to remember that realtors in Mexico are not required to have a license. This means virtually everyone can sell a house. Even so, there are many reputable real estate agents that you can help you find your dream home in Mexico.
Secondly, you are going to want a notary to deal with all the legal paperwork. These professionals are actually attorneys that deal with strictly real estate transactions. However, before you decide to hire one you should make sure that they are true notaries. This means they have to apply to the government to become a notary and then they should be appointed by the Mexican government as a notary also.
One thing you should consider from a financial standpoint with regards to purchasing casas en venta en Monterrey, is the cost involved with this kind of transaction. Of course, you?ll need the money for the home or even the financing for that home you are looking to purchase. You will also have to have the money to pay the notary to handle all the paperwork involved in the financial transaction.
Lastly, you will have to set up the trust with the bank to be able to legally purchase the property you are searching for. These trusts cost within the range of about $2000 to set up. They last approximately 50 years for around $350 per year, and this allows you to buy a home in Mexico. Additionally, after 50 years, you have the choice of renewing your trust with your bank for another 50 years.
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Tags: buy homes in mexico, casas en venta, casas en venta en Monterrey, homes in mexico
Source: http://realestateinvestingfacts.com/blog/5198/homes-in-mexico/
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