Buying FAQ
Clear answers to the questions US and Canadian buyers ask most. General guidance only, not legal or tax advice.
Can foreigners buy property in Puerto Vallarta and Riviera Nayarit?
Yes. The whole coastline sits inside Mexico's restricted zone, so foreigners hold residential property through a fideicomiso (a bank trust), or through a Mexican corporation when the use is commercial. The process is well established and used by thousands of US and Canadian owners.
What is a fideicomiso?
A trust in which a Mexican bank holds title on your behalf while you are the beneficiary, with full rights to use, rent, improve, sell and pass the property to your heirs. Trusts are granted for up to 50 years and can be renewed. The bank charges an annual administration fee.
Do I need Mexican residency to buy?
No. A valid passport is enough to buy. Residency is a separate decision that depends on how long you plan to stay in Mexico each year.
Who handles the closing?
A notario público, a lawyer appointed by the state who verifies title, calculates and collects the taxes, and records the deed. A Mexican notary has a far bigger role than a notary in the US or Canada, and the notary's work protects both sides.
What closing costs should I budget for?
Expect acquisition tax, notary fees, trust set-up, an appraisal and registration fees. The total depends on the price and the municipality, so ask the notary for a written estimate before you sign an offer.
How long does a purchase take?
Many resales close within one to two months of an accepted offer, depending on the trust permit and the title checks. Pre-construction follows the developer's payment and delivery schedule.
Can I get a mortgage?
Most foreign buyers pay cash. Some cross-border lenders and developer payment plans exist, but terms differ from US and Canadian loans, so compare them early.
Can I rent my property out?
Generally yes, but building rules, HOA regulations and tax obligations apply. Rental income earned in Mexico is taxable, so plan the structure with an accountant before you buy.
Is buying pre-construction safe?
It can be a smart entry point, with a lower price and a payment plan, but the developer is the main risk. Check their delivery record, permits, land title and what the contract says about delays.
Do you work with buyers who are not in Mexico yet?
Yes. Most clients start remotely, by video call and WhatsApp, and fly in once there is a short list worth seeing.
Which areas do you cover?
Puerto Vallarta on the Jalisco side, and Riviera Nayarit from Nuevo Vallarta and Bucerías to Punta Mita and Sayulita.
Questions about buying?
Send Amir a message with your budget and timing. You will get a short, honest read on whether this area fits.
