Thinking About Buying Property in Puerto Vallarta? Here’s What You Need to Know!

Imagine waking up to the sound of ocean waves, sipping coffee on your balcony with breathtaking views, and knowing you own a home in paradise. If this sounds like a dream, it’s time to make it a reality! Puerto Vallarta is one of the top real estate destinations for foreigners, and buying here is easier than you might think.

Can Foreigners Buy Property in Puerto Vallarta?

Absolutely! While Mexican law prohibits foreigners from directly owning land within 50 km of the coast, the Fideicomiso (Bank Trust) provides a secure and legal way to purchase property.

Step 1: Partner with a Trusted Real Estate Agent

Navigating real estate in a foreign country can feel overwhelming, but a knowledgeable local agent will help you find the best property, negotiate the right price, and ensure you understand the process from start to finish.

Step 2: Find Your Perfect Property

From beachfront condos to hillside villas and pre-construction opportunities, Puerto Vallarta has options for every lifestyle and budget. We’ll help you identify the best fit based on your goals.

Step 3: Understanding the Fideicomiso (Bank Trust)

• A Fideicomiso is a 50-year renewable trust through a Mexican bank.

• You, as the buyer, have full ownership rights—you can sell, lease, or pass the property to heirs.

• The bank acts as the trustee, but you maintain complete control.

Step 4: Make an Offer and Sign a Sales Agreement

Once you’ve found your dream home, we’ll submit an offer. If accepted, you’ll sign a Promissory Agreement and make a deposit (usually 5-10% of the purchase price).

Step 5: Secure the Deal with Due Diligence and Escrow

Your attorney will verify the title, check for any legal issues, and ensure all necessary permits are in place. An escrow service is highly recommended to protect your funds throughout the transaction.

Step 6: Closing Day – You’re Officially a Homeowner!

• The final deed is prepared and signed before a notary.

• Closing costs and taxes are paid.

• The title is transferred, and you receive the keys to your new home!

What Are the Costs Involved?

• Closing Costs: Typically 5-7% of the property’s price.

• Annual Property Taxes: Much lower than in the U.S. and Canada.

• Fideicomiso Fees: Around $500 USD per year.

Why Puerto Vallarta?

Puerto Vallarta isn’t just a stunning beach destination—it’s a thriving community with excellent restaurants, outdoor activities, and a welcoming expat network. Whether you’re looking for a vacation home, an investment property, or a permanent residence, this city has it all.

Ready to Find Your Dream Home?

Buying property in Mexico is easier than you think when you have the right team by your side. Let’s talk about your real estate goals and start your journey to owning in paradise!

Contact us today! +52 322 127 1893 -or-

from the USA or Canada at +1 512 569 6371