Selling Process

As a seller, your Real Estate Agent will be your first resource for ensuring you are meeting all requirements to sell your home or land in Mexico. The selling process is very similar to the US, but there are some differences simply because the buying process is different. For instance, because the buyer here is responsible for all fees excluding commission and capital gains, it means your biggest responsibility is in providing documentation and proof that your land or home is legally sellable, and the capital gains tax payment (explained in more detail here).

The first steps you'll take in preparing a listing agreement will be to provide the following information:

1. Your legal ID in the form of your passport, driver's license, and if you are a foreigner, a power or phone bill from your primary residence to confirm your identity.

2. Your legal title; Fideicomiso or Escritura, which will provide the legal description and location, the catastral number, etc.

3. Your receipt confirming property taxes are paid to dateYour receipt confirming HOAs are paid up to date.

4. Your receipt confirming Fideicomiso annual fees are paid up to date.

5. Your receipt confirming Water service is paid up to date.

6. Your receipt confirming Phone service is paid up to date.

7. Your receipt confirming Electricity/Power is paid up to date.

8. Your receipt confirming your last Trust payment.

The next step, establishing a reasonable and profitable listing price for your home or property is perhaps the biggest challenge for every seller. Before coming to a final figure, many sellers wonder: “My neighbor’s property sold for such and such a price, can I use that as a basis for pricing my property?” “We’re coming into ‘high season’, maybe I should increase my price to suit the new buyer market’.  These and many other factors must be considered before settling on a listing price.  In developing a relationship with your Century 21 professional, you’ll be able to make wise decisions to sell your property in a shortened period of time. Because high season runs from October until May, and the summer months see a dramatic decrease in sales and visitors, your listing agreement with C21 will usually be for a 12 month period.

Certificate of no liens. Both parties enter into a promie to trust, and deposits are made by the buyer, Patty orders an appraisal, and submits docs for fideicomiso. Once F is back and appraisal is done, cert.of no liens is received, it goes to the Notario for review of documentation. About 5 days prior to closing, the bguyer will deposit the balance of monies owed into escrow. You will now either meet the buyer at signing, or can sumit a Power of Attorne for our inhouse closing staff to sign on your behalf.

Disbursement instructions showing all monies in escrow and how they're distributed.

Your Century 21 agent will market, tour, and keep you updated regularly on his/her progress in the sale process.  Our inhouse closing department handles everything else for you, from beginning to end. If there are any missing pieces of information, they'll be at your side to ensure a smooth transition and sale.

At the time of closing, instructions are provided to the escrow company along with a letter from the Notario and the bank which can take an additional 2-3 days.

Seller FAQs
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