What is a Property Deed?
The Deed is the issuance of the title that is formalized before a Notary Public at the legal closing of the sale of a property.
+ Apply for residency for family members who are in Mexico or abroad.
+ Analysis of the Purchase-Sale Promise Contract.
+ Advice for an effective and balanced Negotiation.
+ In-person accompaniment on the day of signing the Deed.
+ Analysis and Preparation of the Deed Project.
What is a Promise Contract?
Also known as Promise Contract, it is the document by which the seller considers presented and delivered the information related to the price and the conditions through which the property will be sold.
In the United States it is commonly called the Letter of Intent (LOI) and is usually the beginning of real estate transactions.
✔️ Literal or specific description of the property
✔️ Promise to formalize the sale once the condition is fulfilled
What do I need to start the Deed of Sale?
These are the requirements and steps that you must consider in the Deed of sale of the Property that you are going to acquire or sell.
If you need a quote, we will gladly send it to you for free!
Confirmation
We started with the reception of the Deed and annexes to start the project (advisor together with owner).
Preparation
Preparation of the File (Advisor and Notary) of all the necessary documentation.
✔️ Certificate of freedom from lien
✔️ Certificate of no property and water debt
✔️ Proof of zoning (land use is requested before SEDUVI)
✔️ Property Appraisal
✔️ ISR calculation (work that corresponds to the notary and is paid by the seller but the payment can be exempted).
✔️ Calculation of ISAI and notarial expenses (work that corresponds to the notary and is paid by the buyer).
✔️ Preventive Annotation (the Notary will notify various institutions that a transfer of ownership will be made).
Drafting
The writing of the final Draft of the Scripture that contains the purchase data and signed by the seller and buyer (task that corresponds to the notary)
Firm
Confirmation of date, time and place for signing the Deed (corresponds to the advisor or sales manager)
Inscription
Presentation and Registration before the Public Property Registry to validate the right of the new owner before third parties
Delivery
The Notary will deliver the Testimony of the Deed to the new Owner
What Taxes are paid in a Deed of Sale?
✔️ ISR
✔️ ISAI
✔️ IGOES
He ISAI corresponds to the buyer, it is delivered to the Notary Public for the deed of sale
The ISAI value is 2% approximately on the value of the home according to appraisal, and may vary in each State of the country.
The tax of ISR, corresponds to the owner and in certain cases it can be exempted
What documents are usually used for the deed of sale?
📄 Purchase contract
📄 Original writing
📄 Mortgage cancellation
📄 Property ticket without debt
📄 Identifications
📄 Condominium regime
📄 Letter of no maintenance debt
📄 Architectural plans
📄 Building license
📄 Completion of work
If you need a quote, we will gladly send it to you for free!
