The Hidden Costs of Buying Real Estate in Puerto Vallarta
Posted by Cathy Rios on
Buying property in Puerto Vallarta is an exciting investment opportunity, but beyond the listing price, buyers must account for additional costs that can significantly impact the overall budget. Understanding these hidden costs ensures a transparent and financially secure purchase process.
This guide outlines the key hidden costs associated with real estate transactions in Mexico’s coastal areas.
1. Notary Fees & Legal Costs
In Mexico, a Notario Público (Notary Public) is required to formalize all real estate transactions. Notary fees typically range from 1% to 2% of the property’s value and cover:
(âś”) Title verification and legal due diligence to ensure the property is free of liens or legal issues.
(âś”) Preparation and certification of the…
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