Purchasing Guide (Q&A)
Do you know the Process to purchase a Property in the Riviera Maya is?
First, you’ll need to choose the right property and work with a knowledgeable real estate agent. Since you’re a foreigner, you’ll need to own the property through a Fideicomiso (Bank Trust) or a Mexican Corporation.
Here’s a breakdown of the process:
Step 1: Research and Choose a Property
Step 2: Work with a Real Estate Agent
Step 3: Set Up a Fideicomiso (Bank Trust)
Step 4: Sign a Purchase Agreement
Step 5: Close the Transaction
The closing process typically takes place at a notary public’s office. You’ll need to sign the final documents, and the property will be transferred to your Fideicomiso.
Additional Costs and Considerations
- Property Taxes: Known as Predial, these taxes are typically low in Mexico, around 0.25% of the assessed value ³.
- Financing: Financing options may be limited for foreign buyers, and you may need to pay cash or secure financing through a Mexican bank ³.
- Property Management: Consider hiring a property management company to handle maintenance, repairs, and rentals
How do Kimera Realty services benefits me?
For us, your interests are the most important thing, and we want to establish a long and prosperous relationship. Currently, in the Riviera Maya, there are over 400 developments under construction. Just as some are more beautiful than others, not all are reliable. Our job is to advise you.
Does the service from Kimera Realty cost me anything?
When you acquire your home, apartment, or land through Kimera Realtyl, you don’t pay any additional costs. Our scouting services, follow-up, and delivery include all follow-up with the legal, financial, and post-sales areas. The cost of our service is covered by the developer, not you. By making the purchase with us, you will receive legal services from our law firm for reviewing purchase, rental, and administration contracts, if applicable.
Can I work with my own lawyer as a client?
If you have a trusted lawyer with whom you want to follow up on the legal documentation of your purchase, you can do so, and we will reimburse you up to $4,000 pesos to cover their fees.
Can we schedule a tour to see the properties?
That’s the idea! You can coordinate it directly with us. Tell us what day and time you want to take the tour. We’ll pick you up and start the day with breakfast to discuss what you’re looking for. Then, we’ll head to the different developments that interest you. (Don’t forget to wear closed shoes and long pants)
I saw a property online that's not on your listing. Can you analyze it for me?if it is a good investment?
Of course! Today, there are many properties available in the Riviera Maya, and it’s not possible to list them all. The properties that appear in our listings have already been analyzed and verified, as well as many other developments that are not listed. If we don’t have information about the development you saw online or that was recommended to you, we’ll analyze it for you without commitment or cost.
I saw an apartment for pre-sale online that I liked, but I don't know which one it is. Can you get it for me?
Of course! Considering that there are over 220 developments in pre-sale in Tulum and over 150 in Playa del Carmen, our personalized scouting services include properties in pre-construction, ready for delivery, and resale.
984 142 9897
Plaza Paraiso. Col. Centro. Playa del Carmen. Quintana Roo. CP 77710
