A Foreigner’s Guide to Buying Property in Mexico: Step-by-Step Process
Buying property in Mexico as a foreigner might seem complicated at first, but with the right team and clear guidance, it’s a smooth and secure process. In this guide, we break down the key steps so you can move forward with confidence.
Step 1: Work With a Certified Real Estate Agent
Start by partnering with a licensed real estate agent who understands the local market and is experienced in working with international clients. In La Paz, bilingual agents can help you navigate cultural and legal differences with ease.
Step 2: Find the Right Property
Whether you’re looking for a beachfront home, a lot to build on, or a vacation rental, your agent will help you explore listings that fit your goals and budget. Once you’ve chosen, you’ll submit a written offer.
Step 3: Set Up a Fideicomiso (If Required)
Foreigners buying property within 50 km of the coast (like La Paz) are required to hold the title through a fideicomiso — a bank trust that gives you full ownership rights while the title is held by a Mexican bank on your behalf.
Step 4: Perform Legal Due Diligence
A lawyer or notary will conduct due diligence on the property to confirm:
- Clear title
- No liens or debts
- Proper permits and zoning
- Up-to-date property taxes
Step 5: Use Escrow for Added Protection
Escrow accounts are common in international transactions and ensure that funds are held securely until all parties meet the agreed conditions. This provides peace of mind for both buyer and seller.
Step 6: Sign the Deed Before a Notary
All real estate transactions in Mexico must be finalized in front of a notario público, a legal authority responsible for preparing and recording the deed (escritura pública).
Step 7: Pay Closing Costs and Register the Title
Expect to pay around 4–8% of the property value in closing costs, which cover legal fees, taxes, notary fees, and title registration.
Final Thoughts
Buying property in La Paz is entirely possible — and smart — for foreigners. With the right guidance, you can own your piece of paradise with full legal security. At Global Real Estate, we support you from start to finish, making the process smooth, transparent, and stress-free.
Need help getting started?
Reach out to our Expert Team for a free buyer’s consultation.