What is a letter of instruction?

In case of a sale where the property is owned through a fideicomiso, the letter of instruction is a document prepared by the notary and signed by the seller or his/her legal representative instructing the bank to cancel or transfer an existing fideicomiso.

What is the seller’s bottom line?

The bottom line refers to the least amount of money that the seller is willing to accept as an offer. In most of the cases, the sellers don’t like to share this information as they want the agent to negotiate the highest price possible with the buyer.

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