Find a Home
Discover Your Dream Home in Mérida
At Merida Sold Real Estate Professionals, we offer comprehensive property listings to help you find your perfect home in Mérida. As licensed real estate professionals, we are committed to guiding you through every step of the home-buying journey. Whether you’re looking for a charming colonial house, a modern new build, a spacious family home, or a profitable investment opportunity, we have the expertise to make your vision a reality. We’ll ensure your journey to owning the ideal property is smooth, enjoyable, and stress-free.
Your Dream Home Awaits.
How We Make Your Search Easier
In Mérida, there is no formal Multiple Listing Service (MLS), but that doesn’t mean you need to work with multiple agents to find the right property. We collaborate with all local agents and go above and beyond to research other listings, advertisements, and websites to give you the best possible options. Thanks to our extensive network of agents and connections, we have access to properties—some of which may not even be actively listed—that fit your needs. When you work with us, you can rest assured that we’ll show you properties from any real estate company in Mérida.
Expertise You Can Rely On
With over 35 years of experience in the real estate industry, we bring exceptional negotiation skills and meticulous attention to detail to every transaction. Whether you have questions about purchasing property in Mexico, legal matters, or renovation and architecture, we are here to guide you through each process efficiently and confidently. We only recommend trusted professionals with proven expertise—those who share our commitment to excellence.
Importantly, we do not accept any "kickbacks" from contractors or service providers. Our priority is to empower you with the knowledge and support needed to make informed decisions every step of the way.
A Magical Place to Call Home
Our mission is to help you find a home that brings you joy, comfort, and excitement. We are dedicated to making your home-buying experience smooth, memorable, and truly rewarding. With our expertise, care, and honest advice, we’ll support you in making one of life’s most important decisions.
Life in Mexico is extraordinary, and Mérida is an enchanting place to call home.
We are grateful for the opportunity to assist you and are committed to delivering outstanding service from start to finish.
Please read through our testimonials.
Property Ownership in Mexico
Fideicomiso or Mexican Corporation
Buying Property Should You Get A Fideicomiso Or Form A Mexican Corporation
Estimated Buyer's Closing Costs
Foreigners buying less than 2000 square meters within 50 km of the coast or 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
https://www.theyucatantimes.com/2018/12/tax-obligations-of-home-rentals-in-mexico/
Attorneys
Alonso Hernandez Castillo
(999) 970-0466 Cell and WhatsApp
Architects
Juan Carlos Alonso Espinosa
(999) 129-8128 cell and WhatsApp
Mercedes Sanchez
Construction and Building