PURCHASING YOUR CARIBBEAN LIVING PROPERTY
CARIBBEAN LIVING
BUYER’S GUIDE

THE TRUST/FIDEICOMOSO

THE LAWS HAVE CHANGED:

Americans and Canadians can hold title to Real Estate in Playa del Carmen, with all the rights and privileges of a local.  

Basics

Did you know? Mexico is is one of the few places where you can do business legally in USD.  Nearly every country on earth makes you convert to their currency, which means that there are exchange rate risks in case of devaluation or inflation.  Laws here are different.  It is legal and acceptable to price real estate in USD.  Buy today in USD. Sell tomorrow in USD.
STEP BY STEP
1. Property can be transferred to Americans. NO, YOU DO NOT NEED A MEXICAN PARTNER (you actually never have).  If  you’re not familiar with the your legal rights in Playa, as an American and a NAFTA member country, let us tell you more. 2. Not a Lease -YOU OWN YOUR PROPERTY. 3.  Certified property. - We’ve done the homework so you don’t have to l-et us tell you more.
How long does the process take?
DAY 1- Small Deposit, Contract  and Reservation Agreement. Kick Starts the Allocation Process. Freezes the Price.
DAY 10 - You pick your unit. 10% deposit is transferred to American Realty’s Escrow account. The process of forming your Mexican Bank Trust begins. THE FIDEICOMOSO (See Useful Terms Above).
Day 40 – Closing on unit with notary public. Certified transaction documents issued
Day 180 -Delivery of the final papers from Public Registry.
20-30 Days Later -Delivery of Unit By Developer. Start Furnishing Process:)

TIMETABLE

CARIBBEAN LIVING
60-90 Days Later - Customization of your home.

Please Note: We do our diligence to

ensure everything runs on time and on

target, sometimes things are faster and

sometimes slower:)

Copyright © 2017 American Development Company | Playa del Carmen Real Estate Experts | Mexico: (984) 803-5014 | US & Canada: (303) 317-6639 | All Rights Reserved.
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CONTACT e: info@american-development.com
CARIBBEAN LIVING
AMERICAN REALTY Since 2005 AR
Call +1-303- 317-6639
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