5 October, 2018
There is no rule of thumb as everything depends on the seller’s motivation to sell, however, it is commonly seen that offers within 5 to 10% below the asking price tend to be well-accepted by the sellers.
5 October, 2018
Fideicomiso is a bank trust that is used by foreigners to acquire properties along the Mexican beaches as well as along the national borders. The trust is administered by a Mexican bank and it must have at least one main beneficiary and at least one substitute beneficiary. The trust is established for 50 years and…
5 October, 2018
The substitute beneficiary becomes automatically the main beneficiary. This will require that the new main beneficiary appoint a new substitute beneficiary. The process has to be done through a notary, who will process and register the new deed in the Public Registry. There is an administrative fee charged by both, the notary and the fideicomiso…
5 October, 2018
Every bank has a different fee structure. Bancomer is one of the most commonly used fideicomiso/trust banks. To transfer an existing fideicomiso at Bancomer, the seller needs to pay 406usd, while the buyer needs to pay 1228usd (including the first annual fideicomiso fee). Bancomer does not open new fideicomisos anymore, however, if we use Intercam…