Worried that you can’t buy property on this beautiful island because you are not a Mexican National? Well the truth is that you, whatever your nationality, can acquire a property in Mexico by following these easy steps: We will guide you through this simple process.

FIRST - SHOP FOR A PROPERTY
Shop around. The island is full of properties, including anything from a small residential lot, a luxurious home, commercial lots, to a simple condo. Take your time to look at all your options. Depending on exactly what you are looking for; choose the property just right for you and your family.

NEXT – NEGOTIATE A PRICE
By working with one of our agents at Caribbean Realty Travel we can help you to negotiate a price that is acceptable for you, the purchaser, and the seller. The next step is to sign a promise of sale agreement. At this time you would present a 20% deposit. The seller will authorize the sale of his/her property at the arranged price. At this time you have two months to prepare for the closing of the sale.

THIRD - ESTABLISH A PROPERTY TRUST
You may wonder what this means. Well, it used to be that "foreigners" (that means all you non-Mexicans) could not buy property within 50 km.... But after an amendment, you can now do it through the assistance of a Mexican bank. We at CREATE will help you do this easily and legally. We work with you to set it up so that you simply pay a bank a fee...

You will be given the option to choose a notary and Mexican bank to begin your property trust, of fideocomisio. The notary will act as attorney for the transaction; there are many bilingual lawyers that we can refer. This trust is established so that international buyers may buy properties within 50 km of the shorelines and borders of Mexico. This trust allows you to act as a direct owner of the property, having all rights to buy, sell, and lease the property.-

The bank will work through the Ministry of Foreign affairs to permit your ownership of the property; the given trust is good for 50 years. You will be allowed to list beneficiaries and to renew the trust after the 50 years have expired.

AND LASTLY - YOU ARE READY FOR THE CLOSING!
At the time of closing be prepared to authorize the final transfer of your chosen property into your name. Also the remaining 80% balance will be due at this time. The notary will provide you with a simple copy of your deed so that you may see that the property is officially yours. In Mexico all legal documents must be prepared in the national language: Spanish.

We at Caribbean Realty have gone the extra step to have in the office a general copy of a property trust and promise of sale agreement in English. You will have the option to translate you personal documents into English for a corresponding fee.
We hope that we have made the process of purchasing property easier for you.

Enjoy your new home on Isla Mujeres!!!!!