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WELCOME TO RE/MAX ROCKY POINT

Rocky Point's Real Estate Experts!

 

EXPERIENCE: RE/MAX Legacy has been serving the Rocky Point community since 2005. During this time, we've had the opportunity to successfully manage almost every transaction imagineable!  You can rest assured that we have the knowledge and experience necessary to ensure your transaction is successful and secure.

RESOURCES: Buying property in Mexico is a big investment. Our RE/MAX   office has the finest resources available to help you make good decisions. This includes private counsel from our own in-house Real Estate Attorney, Luis Larrinaga.

INTEGRITYOur RE/MAX   professionals will always be honest about the pros and cons of a deal and advise you based on what will serve YOUR best interests. We guarantee you excellent service based on honesty, strong ethics and genuine care.  Buying and selling property in Mexico is a complex process.  Please do yourself a favor and take advantage of our extensive experience and resources.  You'll be glad you did!

 

 

 

Buying Property in Mexico

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A bank trust is an instrument used by non-Mexicans to purchase coastal property and other land in Mexico's 'restricted zones.'  This bank trust is known as a fideicomiso.  When talking about Mexican real estate in English, most people use the term "bank trust" because it is easier to pronounce than fideicomiso, but when involved in a Mexican real estate transaction, you should expect to hear and use the term "fideicomiso."

Mexican Bank trusts must be used by foreigners to acquire property in Mexico's restricted zones, usually the most desirable areas amongst buyers. These zones consist of coastal land between 60 feet from the mean high-tide line, up to 31 miles inland from the ocean, as well as land within 62 miles of Mexico's borders.  This land is restricted, because Mexico’s Constitution has reserved it. In 1973, Mexico changed its foreign investment laws to encourage foreign investment in both real estate and corporations by instituting the use of Mexican bank trusts.