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When you first mention to your friends and family your intentions of purchasing a home in Mexico, they may think you have gone looney or that the process is impossible, they think you are even more crazy when you start looking into the different documents you need and the Mexican home insurance you will have to get. Most of your family will think you have gone crazy and other more adventurous souls will think you are doing just the right thing.

Let me explain something that many people believe wrongly in the U.S. and Canada. It is not impossible nor difficult to buy a home in Mexico, and it doesnt take a lot of work, effort or money. You wont be ripped off unless you really have no idea of what you are doing. In my years of selling Mexican home insurance to foreigners I can’t remember the number of times people have told me: ” we were actually told that we couldn’t buy a home here, that we had to lease it.” This is absolutely not true. In some cases when you decide to purchase beach front property then you have to buy through a bank trust called a FIDEICOMISO. Here you own the property for the term of the trust and then your survivors renew the trust for another 50 years, but this only relates to beach front property.

You will also need to find a good Notario Publico otherwise known as a Mexican real estate attorney. This is a certified attorney whose specialty is real estate law, and he is appointed by the Mexican government to ensure that all real estate transactions are legal. Are there crafty ones? Of course there are, just as there are scam artist, or mortgage brokers that charge an arm and a leg in your own country. To avoid this ask your realtor to suggest or recommend a good notario for you.

The following steps will help you find the right home purchase in Mexico.
1. Look for a realtor you feel comfortable working with.
2. Look for a house that meets your needs. Find the home in the right neighborhood.
3. When you have done all of the above steps the realtor will make a contract to purchase, but it must be in Spanish. Not to worry though you can always have it translated for you by an official translator.
4. Wait for 60 to 90 days for the paperwork to be finished.
5. Don’t forget to get that mexican home insurance

Frequently when foreigners buy a home in Mexico they need the right Mexican home insurance, especially when the home is not lived in full time.You dont ever think of buying a home without getting insurance in your own country so why should you not think of buying Mexican home insurance, and other insurance needs like Mexican car insurance and Mexican life insurance too. For more information on mexican home insurance or mexican life insurance come to www.bestinsuranceinmexico.com

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