How long does an average closing take?

For transactions between Mexican citizens, it can take as little as a week to close a sale. When the buyer and/or the seller is a foreigner, the closing process will take on average 4 to 6 weeks counting from the time that all the required documentation is delivered to the notary’s office.

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 instructing the bank to cancel or transfer an existing fideicomiso.

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