BUYING PARADISE

• Request and review all pertinent paperwork from the Listing Agent;

• Request and review estimates from Closing Lawyers for the costs associated with the transaction;

• Cardon Realty Group solicits a minimum of two estimates, often more, from Closing Lawyers to compare costs, current and future tax implications, etc.
  
• Cardon Realty Group attempts to put the buyer in the right financial position before an offer is ever submitted – a buyer should always understand the full costs associated with buying property in the Baja and future tax implications.
  

• Selecting a Closing Lawyer;

• Please see our FAQ section HERE to learn why Cardon Realty Group endorses the use of a Closing Lawyer.
  
• The estimate provided by each Closing Lawyer could differ significantly. It is our job at Cardon Realty Group to ensure the buyer understands the specifics of each estimate and to provide insight into the value associated with each estimate prior to selecting their Closing Lawyer.
  

• Writing an Offer to Purchase (OTP) contract following Asociación  Mexicana de Profesionales Inmobiliarios (AMPI) and Mexican Real Estate guidelines;

• Writing and rewriting OTP drafts are part of our job. It is important for the buyer to know exactly what they are signing and ultimately, asking for and committing to in a contract.
  

• Submitting the Offer to Purchase (OTP) and talk to the Listing Agent about your OTP;

• Negotiating an OTP is something that Cardon Realty Group takes seriously. We work closely with our buyer throughout the negotiation process to ensure that your needs are heard and met. 
  

• Completing the Buyer Information form and reviewing the buyer’s obligations in order to purchase Mexican Real Estate;

• Mexican foreign ownership laws and money laundering laws have improved over the past decade and there are stipulations that must be obeyed for a successful property transaction to occur, including the completion of the Buyer Information form.
  

• Maintaining a secure network to ensure that all personal files and documents are protected;

• We understand how important it is to keep personal information private and secure. If you have any questions or concerns, we are happy to discuss our data protection and storage protocols.
  

• Understanding the option to utilize a Power of Attorney (POA) and help determine if this the right decision for the buyer;

• If the buyer is not able to attend the closing for any reason, a POA is a good option to assist with signing of paperwork in a timely manner.
  

• Ensuring that all deposits and payments are made to the appropriate escrow account in a timely fashion;

•  Once the buyer has obtained an agreement of sale on their OTP, a deposit is required within 7 days.
  
•  The deposit is usually 10% of the property purchase price and approximately 50% of the fees for the closing lawyer.
  

• Property deposits are most commonly held by a 3rd party escrow company. They can also be held by the office of the closing lawyer by means of a Mexican Bank Certified Cheque. Property deposits are held until a firm closing occurs.
  

• Ordering a property survey and/or a home inspection;

•  Cardon Realty Group will order a property survey to be completed by a professional engineering group who works directly with the local municipality and then analyze the results of the survey with the buyer.
  
•  If purchasing a home, the buyer can request a professional Home Inspector to examine the house. Cardon Realty Group will attend and walk through the property with the inspector on behalf of the buyer, if necessary.