More people than ever before are giving Mexico a role in their retirement plans. About 1.5 million Americans have made a residential real estate investment in Mexico, and nearly 8 million more are considering it. The notion that there is no security in buying real estate in Mexico is simply not true. If you’re concerned about your investment safety, take a look at what has changed.

It’s now possible to verify the ownership history of a property when buying real estate in Mexico. You’ll know, especially in a place like Puerto Vallarta, whether the seller has clear title to the land. You’ll need the assistance of a notario publico, but your land purchase will be registered so there is no question of your ownership interest.

If that doesn’t make you feel particularly secure, you can also get title insurance from some of the most well known names in title insurance in the US. If a seller tells you that you don’t need title insurance, consider walking away from the deal. Work only with reputable, established real estate firms that offer title insurance on the properties they sell.

Work with a bank to establish a fideicomiso when buying real estate in Mexico. The deed for coastal properties must be held in a bank trust called a fideicomiso. Mexican law requires this trust and it is the only way that you can establish a legitimate ownership claim on coastal property. Again, if a seller tells you that you don’t need a fideicomiso, walk away and look for a reputable real estate firm to work with you.

Real estate investment coaching can help you learn what you need to know when buying real estate in Mexico. In addition to helping you spot the real land values, it can also help you spot phony, fraudulent or just plain bad deals. If you want to learn more about real estate investment coaching and the value it can add to your investment strategy, please contact Coaching Services today.

Photo Credit: Andre Monteiro