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You sign the final deed ( Escritura ) at the notary’s office. The balance is paid, and the notary registers the deed with the Public Registry. 3. Estimated Costs & Taxes Cost Category Estimated Amount Closing Costs 5% – 9% of purchase price Acquisition Tax (ISAI) ~2% of assessed value Fideicomiso Setup $1,500 – $3,000 USD Annual Trust Fee $500 – $800 USD Property Tax (Predial) ~0.1% – 0.15% of value HOA Fees $150 – $500 USD per month 4. Required Documentation
Necessary if you plan to earn rental income or eventually sell. Proof of funds for anti-money laundering compliance. Local Real Estate Guidance buy condo playa del carmen
Valid Passport and Visa (tourist permits are generally sufficient). Proof of address from your home country. You sign the final deed ( Escritura )
Often used for commercial ventures or investors buying multiple properties. This involves more complex monthly accounting and tax filings. 2. The Step-by-Step Purchase Process Estimated Costs & Taxes Cost Category Estimated Amount
