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Find a Home
Find your ideal home in Merida with our extensive property listings. As licensed real estate agents, we specialize in connecting you to the perfect property that matches your needs and preferences. Whether you're looking for a cozy colonial, a contemporary new-build, a spacious family home, or an investment opportunity, we are here to guide you every step of the way. Trust our expertise to help you find the home of your dreams in Merida, ensuring a smooth and satisfying real estate experience.
There is no formal Multiple Listing Service in Merida but there is no need to work with multiple agents here to find the perfect property. WE COOPERATE WITH ALL AGENTS and will work hard to search the websites and advertising of other local real estate companies to provide you with all of the available and up-to-date listing information that meets your search criteria. Our strong network connections with other agents is essential to locate additional properties that may not be on the market. We can and will show you properties listed with any of the other real estate companies here in Merida.
As licensed real estate professionals with 35+ years of experience, our strong negotiation skills and attention to details provides a higher level of service to our clients. If you have questions about purchasing property in Mexico, legal representation, or the rehab/architectural process, trust us to find you what you need fast. We only recommend true professionals that have excellent reputations and proven track records. We do not take or receive any "KICKBACKS" from the contractors and professional service providers that we recommend. We are committed to helping you feel confident and educated every step of the way.
Our goal is to help our clients find a home that sparks joy, excitement and comfort. Your home-buying experience is very important to us. Our commitment to you is to provide you with our expertise, caring, and candid advice throughout one of the most important decisions that you will ever make.
Life in Mexico is magically enchanting and we can't think of a better place to live!
We appreciate your business and will work hard to always provide excellent service.
Please read through our testimonials.
Property Ownership in Mexico
Fideicomiso or Mexican Corporation
Estimated Buyer's Closing Costs
Foreigners buying less than 2000 square meters within 50 km of the coast of within 100 km of the border are required to use a bank trust or fideicomiso for the purchase. You do own the property and the term of the trust is 50 years with a 50 year automatic renewal. If your heirs still own the property at the end of the term (and a trust is still required), they would simply form a new trust.
What is a Fideicomiso? A fideicomiso is a real estate trust held on your behalf by a Mexican bank. The bank acts as the Trustee, and you and those you designate are the Beneficiaries of the trust. As the beneficiary of the trust, you maintain complete control over it, retaining the use of the property and making all investment decisions. A fideicomiso bestows upon the Beneficiary of the Trust (you) absolute and irrevocable control over the property: to enjoy, lease, improve, mortgage, sell, inherit and will. Simply stated, your property is placed in a trust that you own to be administered by a Mexican bank on your behalf. If the property you are buying already has an existing fideicomiso, this can transfer to you. This is a better way to purchase a property if you have that option, as it is a less time-consuming process and a slightly less expensive process as well.
It is the seller's responsibility to provide proof that the CFE bills have been paid on a property. Also, keep in mind that sometimes there are more than one electrical or water meter in a property (especially a large property that might have at one time been two separate properties). If you buy a property and there is money due to CFE or JAPAY, the buyer must pay what is owed before the service can be changed into your name.
Estimated Buyers Closing Costs:
New Fideicomiso permit fee to the government…………………………….. ..$1100.00 USD
Fideicomiso bank set-up fee……………………………………………………… $650.00 USD
First year management fee for trust…………………………………………...... $650.00 USD
Attorney’s fees is based on purchase price, (approximately) ……………….. $1500.00 USD
Recording fees, appraisal, miscellaneous……………………………………......$500.00 USD
Purchase Tax (impuesto de adquisicion) In Merida and most áreas......2.5% of purchase price
In Progreso, Chelem, Chuburna ...............................................................3% of purchase price
In Telchac Puerto ......................................................................................4% of purchase price
Note: Fees to the bank, notary and government may be higher as they are based on the amount named on the new title as the “purchase price”. They also vary depending on the attorney and bank you choose. This is just a rough guide, and this is an important detail. It is advantageous to the seller to put the lowest purchase price possible, as there are fewer taxes. Conversely, it is advantageous to the buyer to have a higher registered purchase price, as when they sell their property, they will have a lower capital gain that will be taxed.
Tax Information for Rental Property
Attorneys
Architects
Juan Carlos Alonso Espinosa
999.129.8128 cell and WhatsApp
Mercedes Sanchez
cervera_sanchez_arquitectos@msn.com
52.999.958.0961
Construction and Building
Merida Yucatan Construction
999.440.8896 Cell and WhatsApp
mexintl.com/property/005600
Specializing in high-quality building and construction from initial design to completion in and around Merida and the beachfront. Albert is available for design services, IHNA permits, building projects small and large as well as inspections and repairs. He constantly monitors and supervises all workmanship, provides weekly progress reports and is consistently professional. Albert stands behind his work and you can be assured it will always be top-notch and of high-quality. We highly recommend Albert and his design services for all of your construction needs. Albert is completely bi-lingual and speaks English and Spanish.