What services does MyCasa.mx offer?

At MyCasa.mx, we specialize in assisting U.S. and Canadian citizens in purchasing real estate in Riviera Maya, Mexico. Our services include property search, legal advice, transaction support, and connecting clients with trusted third-party rental administrators. Afterwards we help you get the most of your property with professional design and rental strategies.

Why buy property in Riviera Maya?

Riviera Maya offers a vibrant blend of natural beauty, rich culture, and robust investment opportunities. Properties here are desirable for vacation rentals due to high tourist traffic, making it a profitable investment for those looking to rent out their homes while they are abroad.

What types of properties can I buy?

We offer a wide range of properties including condos, houses, and luxury villas. Whether you are looking for a cozy beachfront condo or a spacious house for potential retirement, we can help find the right property for your needs.

Can I see the properties remotely?

Yes, we provide virtual tours and detailed online listings for all our properties. Our aim is to make your buying experience as seamless as possible, regardless of where you are located.

How does the vacation rental process work?

When you choose to rent out your property, we connect you with reputable third-party rental administrators who handle everything from marketing to maintenance, ensuring your property is well-managed and profitable.

What are the legal considerations for foreigners buying property in Mexico?

Foreigners can safely invest in Mexican real estate through a fideicomiso (bank trust) or by establishing a Mexican corporation, depending on your long-term goals. We provide expert legal guidance to ensure your investment is secure.

What should I consider before buying a property in Mexico?

Consider factors like location, type of property, potential rental income, legal requirements, and your long-term plans in the region. We advise all our clients to think about their future intentions—whether it’s renting out the property, using it as a vacation home, or eventual retirement.

How can I get started with MyCasa.mx?

Simply contact us through our website, and one of our agents will reach out to discuss your real estate needs and how we can assist you in finding your dream property in Riviera Maya.

Are there financing options available for foreigners?

Yes, there are financing options available for foreigners. We can guide you through the different options and help you find the best solution based on your financial circumstances.

Who manages the property when I am not there?

We partner with experienced rental administrators who specialize in managing vacation rentals. They will take care of everything from tenant screening to property maintenance, ensuring your investment is hassle-free.

What makes MyCasa.mx different from other real estate agencies in Riviera Maya?

Unlike other agencies, MyCasa.mx offers Mexico’s first buyer-facing, video-enhanced MLS-like system. This platform showcases over 800 top properties in Riviera Maya through detailed video walkthroughs, drone footage highlighting the location, and audio descriptions covering key details like square footage and HOA fees. Our system provides a comprehensive view of each property in less than three minutes, ensuring you don’t miss out on any spectacular deals.

How does MyCasa.mx help overcome the challenges of no MLS system in Mexico?

Our unique video-enhanced platform allows buyers to explore all available properties in the region, including resales, pre-constructions, and new constructions, which are often overlooked due to the lack of a centralized MLS system. This comprehensive visibility into the market ensures you have access to the best deals and a true sense of each property’s potential.

Tell me more about the MyCasa Real Reality Show.

At MyCasa.mx, we produce the world’s only real reality show about buying real estate in Riviera Maya. Unlike other pre-scripted or post-purchase produced shows, our reality series documents the actual buying experiences of our clients, in real-time. Hosted by Raul Morales, our engaging and humorous CEO, these shows are not just entertaining but also provide valuable insights into the safe and correct procedures for buying property in the area.

How can the MyCasa Real Reality Show benefit potential buyers?

The show offers viewers a firsthand look at the real estate buying process in Riviera Maya. By watching real buyers navigate the market with our guidance, you can learn essential tips and tricks for making informed decisions. It’s a fun, educational way to understand the local real estate market from the comfort of your home.

Move to Mexico 2025: Can U.S. Citizens Buy Property?

2025-01-11 by My Casa

The Ultimate Guide to Buying Property in Mexico as a U.S. Citizen

Buying property in Mexico as a U.S. citizen is entirely feasible and can be a rewarding investment—but it requires understanding local legalities and financial requirements. From fideicomisos (trusts) for coastal properties to avoiding scams, this guide provides the essential steps to secure your dream home in Mexico.

A multi-step process such as buying real estate can be a daunting task when you go it alone. Choose expert help from the very beginning by engaging on of Mycasa Real Estate's licensed agents. Need an answer right this second? Send us a Whatsapp message.

Why Buy Property in Mexico?
Key Steps for U.S. Citizens to Buy Property in Mexico
Understanding Fideicomisos
Costs Involved in Buying Property
Ensuring A Smooth Process
Legal Protections for Property Buyers
Other Articles About Relocating and the Cost of Living in Mexico
What Are Clients Saying About Mycasa Real Estate?
Frequently Asked Questions

Location:	Playacar Phase 2 - Playa del Carme
Bedrooms:	2
Price:	629,000 USD
MLS #:	MLSRM016 - click for listing
Comment:	2 bed 2.5 bath duplex penthouse with garden and private pool
Video:	Click Here

Why Buy Property in Mexico?

Mexico offers diverse opportunities for property investment, from beachfront villas to inland retreats. Key benefits include:

Affordable Prices: Property costs in Mexico are often lower than in the U.S.
Proximity to the U.S.: Easy travel access for vacations or weekend getaways.
Potential for Rental Income: High demand for vacation rentals in popular tourist destinations.
Lifestyle Benefits: Enjoy a relaxed lifestyle with stunning scenery and rich culture.
Cost of Living: Expect your monthly outflow to be up to 50% less than the cost of living in many parts of the U.S. Read more here.

A scenic view of a house in Mexico, representing the idea of buying property in Mexico.

Key Steps for U.S. Citizens to Buy Property in Mexico

Define Your Goals: Decide whether the property is for personal use, rental income, or long-term investment.
Research Locations: Popular areas include Riviera Maya, Puerto Vallarta, and San Miguel de Allende.
Engage Professionals: Work with reputable real estate agents and lawyers specializing in Mexican property law.
Secure Financing: Explore options, including cross-border loans or personal funds.
Understand Legalities: Comply with fideicomiso requirements for restricted zones.
Perform Due Diligence: Verify property ownership, zoning, and permits.

Understanding Fideicomisos

For properties located within 50 kilometers (31 miles) of coastlines or 100 kilometers (62 miles) of borders, foreign buyers must establish a fideicomiso (bank trust). Here’s how it works:

A Mexican bank holds the property title in trust for the buyer.
The buyer retains all ownership rights, including the ability to sell, lease, or pass the property to heirs.
Fideicomisos are renewable every 50 years.

This arrangement ensures compliance with Mexican law while protecting the buyer’s investment.

The set-up of the fideicomiso happens concurrently with your purchase so there are no extra steps you need to take.

A financial overview of buying property in Mexico, including budgeting for closing costs.

Costs Involved in Buying Property

When purchasing property in Mexico, factor in the following costs:

Closing Costs: Typically 7% to 10% of the property price, including:
- Notary Public fees
- Property registration
- Transfer taxes
Annual Property Taxes: Significantly lower than in the U.S.
Fideicomiso Fees: Annual fees for the trust, ranging from $500 to $700 USD.
Maintenance Costs: Vary depending on property size and loc

New in 2025: Acquisition tax, nation-wide, will be increasing from 3 to 4%

For a complete breakdown of buyer closing costs, read our Land Buying Guide.

An illustration of conducting due diligence when purchasing real estate in Mexico.

Ensuring A Smooth Process

Inaccurate Listings: Old listings, inaccurate prices, these are some of the most important reasons to work with reputable agents.

Impersonating Agents: Fraudsters pose as real estate agents to sell properties they don’t own.

How to Protect Yourself:

Verify agent credentials and seek referrals.
Insist on official property documents.
Hire a knowledgeable real estate lawyer.
Conduct thorough due diligence to verify property ownership and legality.

Legal Protections for Property Buyers

Hiring a qualified real estate lawyer ensures compliance with Mexican property laws and protects your investment. Key legal safeguards include:

Notary Public: Required to oversee property transactions and certify their legality.
Cadastral Reviews: Confirm property boundaries and legal descriptions match official records.
Legal Due Diligence: Review of permits and licenses

Articles About Relocating and the Cost of Living In Mexico

Tired of the US? Your Ultimate Guide to Moving From the U.S. to Mexico

Discover Affordable Beach Bliss: Your Guide to the Cheapest Beachfront Property in Mexico

How to Buy Property in Mexico 2024: Closing Costs, Laws and Tips

Cost of Living In Playa Del Carmen: What to Expect

Cost of Living in Tulum 2024: Budget, Rent and Lifestyle Guide

Mexico Real Estate Prices: Trends in Quintana Roo & Beyond

What Are Clients Saying About Mycasa Real Estate?

"We have been beyond pleased...we felt in good hands the entire process." Jodi Ribar. Google Review

"...and within 5 minutes, she called me." Leanne Knox. Google Review

"He is incredibly knowledgeable about the area, knows all the details about the property..." Claudia Ruiz. Google Review

"She listened to every single detail of what I was looking for in a property..." Kendra Mangana-Adams. Google Review

Ready to book a trip and shop for your dream home, plan your trip with Google Travel

Frequently Asked Questions

Can U.S. citizens legally buy property in Mexico?
Yes, U.S. citizens can buy property in Mexico. Properties in restricted zones require a fideicomiso trust.

What is a fideicomiso, and why is it important?
A fideicomiso is a bank trust that allows foreign ownership of properties in restricted zones, ensuring compliance with Mexican law.

What are the typical closing costs when buying property in Mexico?
Closing costs range from 4% to 6% of the property price and include notary fees, registration, and taxes.

How can I avoid scams when buying property in Mexico?
Verify agent credentials, conduct due diligence, and hire a real estate lawyer.

What are the ongoing responsibilities after purchasing property in Mexico?
Stay on top of property taxes, maintenance, and local regulations. Consider hiring property management services for convenience.

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