Buyer Due Diligence Checklist
1) Printable Buyer Due Diligence Checklist
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BUYER DUE DILIGENCE CHECKLIST (MÉRIDA)
Use this checklist to track verifications before closing. (General guidance — confirm specifics with your notary and/or attorney.)
A) Property Fit and Decision Basics
☐ Confirm intended use: ☐ Full-time ☐ Part-time ☐ Rental ☐ Mixed
☐ Confirm neighborhood fit (walkability / noise / parking reality)
☐ Confirm must-haves: ☐ Pool ☐ Garage ☐ Garden ☐ Single-level ☐ Turnkey ☐ Renovation OK
☐ Confirm inclusions (appliances, furniture, equipment) in writing
☐ Confirm seller timeline and your target closing window
B) Offer / Agreement Clarity
☐ Purchase price and key terms are clearly written
☐ Deposit amount and timing are clearly written
☐ Closing date / timeline is clearly written
☐ Inclusions list is attached or itemized in the agreement
☐ Any conditions tied to due diligence are clearly stated (if applicable)
C) Ownership and Registry Checks (Legal)
☐ Seller identity and legal capacity to sell confirmed
☐ Escritura (title deed) provided for review
☐ Property matches documentation (address/description/measurements consistent)
☐ Certificado de Libertad de Gravamen requested and reviewed (liens/encumbrances)
☐ Any annotations/restrictions are explained and resolved before closing
☐ If condo/HOA: legal regime documentation provided (if applicable)
D) Taxes and Obligations
☐ Predial (property tax) status confirmed as current
☐ Water account status confirmed (where applicable)
☐ Electricity account status confirmed (where applicable)
☐ HOA/condo fees current (if applicable)
☐ Any special assessments disclosed (if applicable)
E) Condominium / HOA (if applicable)
☐ Condominium bylaws/rules obtained (Régimen en Condominio)
☐ Rental restrictions reviewed (short-term vs long-term)
☐ Rules affecting renovations reviewed (permits/approvals)
☐ Parking rules confirmed
☐ Reserve fund / maintenance responsibilities understood
F) Physical Inspection and Systems (Recommended)
☐ Roof/waterproofing history reviewed
☐ Moisture indicators checked (walls/ceilings/floors)
☐ Plumbing pressure and drainage tested
☐ Electrical panel and grounding reviewed
☐ Structural indicators assessed (cracks/settlement patterns)
☐ Pool equipment inspected (if applicable)
☐ A/C systems inspected (if applicable)
G) Renovation / Feasibility (if applicable)
☐ Scope of prior renovations documented (what/when/by whom)
☐ Feasibility assessment completed for planned work
☐ Budget range + timeline estimated by qualified specialist(s)
☐ Contingency plan included in your budget
H) Foreign Buyer Ownership Structure (if applicable)
☐ Ownership pathway confirmed: ☐ Fideicomiso ☐ Corporation ☐ Other
☐ Structure aligns with intended use (personal vs business/rental)
☐ Timeline impact understood (avoid last-minute delays)
I) Closing Readiness
☐ Notary selected / file opened / timeline confirmed
☐ List of required buyer documents confirmed
☐ Funds transfer plan confirmed (timing + logistics)
☐ Final inclusions list confirmed
☐ Utility/service transition plan prepared (post-closing)
Notes / Questions: