Monday, March 15, 2010

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Closing Costs in Mexico

Closing costs vary based on ownership instruments.

Municipal Fees

Acquisition Tax 2% of purchase price
Public Registry Fee 5% of purchase price
Value estimation for property tax 18% of purchase price
Certificate of Freedom from Liens $34

Bank (Trust) Fees (if applicable)

Foreign Affairs Permit & Registration (SRE) $1300
Trust Initiation $695
Bank Trust Fee (also paid annually) $695

Transaction & Legal Fees

Notario Fee $2750
Translation Fees 0
Transaction Fee $550

Other Fees

Escrow & Title Escrow Fee $575
Title Insurance (not required, but recommended) $7 per 1000

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