How Does the Closing Process Work in Mexico?

All real estate transactions in Mexico are completed through a

, who oversees and legalizes the sale.

Here’s how the closing process typically works:

• A Spanish purchase contract is prepared, along with a courtesy English translation for your review. Once approved, each page is initialed and the contract is signed.

• If the seller agrees, I coordinate with closing attorneys and coordinators who manage the transaction at no additional cost to the buyer.

• An Escrow account is opened (approximately $800 USD) to securely hold funds until closing.

• A 10% earnest money deposit is required to formalize the purchase.

• The standard closing timeline is about 45 days, and may extend up to 90 days if financing is involved.

• The remaining 90% balance is transferred to Escrow a few days before closing.

• The closing attorney prepares all documentation with the Notary Public and Public Registry.

• On the closing date, all parties meet at the Notary to sign the final documents.

At closing, the buyer receives a certified copy of the deed.The original deed is registered with the Public Registry and may take up to six months to be finalized. Once registered, the Notary will notify the buyer for collection.

This process ensures the transaction is secure, legal, and fully compliant with Mexican law.