Step 1-Use the right realtor
One who speaks your language knows the area, is available to you in the US and Mexico and sensitive to your needs. That's where we come in. Our U.S. Company Cancun Condo Inc. combines the power of a local Cancun and Playa Realtors, with an American based consultation service.

This gives you the convenience and service of a U.S. based company and with real-live Americans to answer your telephone calls from 9 AM- 9 PM, E.S.T. Our American and English speaking realtors often live within 15 minutes of your Cancun and Playa property.

Our goal is to return you emails and phone calls within 1 hour after you contact us. A You can't buy our life style. For no extra charge (seller is paying a standard commission) Cancun Condo Inc. will act as your representative to help you with this process from an American perspective. Our perspective can be quite different from a local whose primary interest is closing a sale.

We help you buy at the real price not the tourist price. At Cancun Condo our success depends on your continued satisfaction and your referrals.

We are available in the US to answer all your questions about a property, overhead and maintenance costs, property taxes, a particular town, development or City, security, infrastructure. Just as in the US all attorneys are not going to serve your best interests. Our local lawyer and notary referral is a good enough reason alone to use our services.

Step 2 - Locate the Property

Step 3- Present a Purchase Offer
Have one of our realtors presents a purchase offer agreement. Our purchase agreement has legal protection for you that makes your offer contingent that research reveals the property is properly titled by the present owner and has no liens or debts attached to it. A purchase agreement should state that 10% of the property price will be wired or a certified check will be sent by UPS or FEDEX in the name of Notary #26. An escrow account can be set up with Stewart Title Company within 7 days of the owner's acceptance of your offer.
Important Note: In the US we assume that the seller is the rightful property owner and we rely on the title company to research and insure that the title is unencumbered by attached debt, (taxes, utility debt, or loans). There currently are no Mexican title companies that do this work. There are some US companies that will perform title research for Mexican properties. In Mexico (as in Canada and other parts of the world) this research work is the responsibility of an elected official and attorney called a Notary.

Step 4- Meet with the Bank Trust Officer and Notary #26
Once you have located your property and the owner has accepted your offer you will meet with the notary who will research the property (to insure the property is free and clear) and draw up the papers for the property transfer.

At this time you will meet with the Bank Trust officer, we recommend using Scotia Bank in Cancun to originate a bank trust in your name for this property. You must pay approximately $2,500 to the bank at this time to set up the bank trust. The notary will require a $1,500.00 payment at this time to begin your legal work.

Step 4 of this process can take 4 to 6 weeks. You do not have to bring cash American Express Travellers Checks are fine. Be prepared to wait in a 1 hour line to cash A.E. Travellers Checks.

Step 5-The Closing
The property transfer (or closing as we in the US refer to it) takes place in the notary's office in Cancun when all documentation is complete and the bank trust papers have been prepared. Your paperwork is sent to Mexico City to be registered. Your registered copies will be available in several weeks. Closing costs will usually cost between 5--7% of the sale price of the property. Closing costs are determined before closing by the Notary. Notaries in Mexico are more than the US notaries who act as clerks. Mexican notaries are state government appointed specialized lawyers who have the power and authorization to state what is called "public faith". Which means anything a notary states must be the truth? If not, the notary risks losing his notary license and extreme cases even their attorney license. So when a notary presides over a closing they are extremely careful to ensure that everything is legal and proper. Closing costs include the notaries fees, transfer taxes and establishing the trust.