Can a Foreigner Buy Real Estate in Lake Chapala Mexico? (Series Part 1)

Access Lake Chapala has put together a detailed Video Series regarding the most “Common questions when moving to Lake Chapala Mexico & Investing in Real Estate”. It covers many topics that we are constantly asked about and also shows you step by steps processes we go through with our clients when they decide to purchase property in the Ajijic & Lake Chapala Mexico area. You can also see our complete series on our Access Lake Chapala YouTube Channel.

Below is Part 1 of the Series:

1. Can a Foreigner Buy Real Estate in Lake Chapala?

Yes, Americans and other foreigners may obtain direct ownership of property in the interior of Mexico, where Lake Chapala is located. However, under Mexican law, foreigners cannot own property outright within the restricted zone.

2. Are there restricted zones to buy property in?

Ajijic and Chapala is located more than 100km away from the Mexican border or coastline. So if you are going to invest in real estate in Lake Chapala, you can have direct ownership, an official Escritura (deed) in your name. The Lake Chapala area does not require a fidecomiso / trust or Mexican Corporation to buy under like in coastal towns such as Cancun or Puerto Vallarta.

3. Is the process similar to buying property in the US or Canada?

Yes, you are listed as direct owner on the deed and you can will your property to your children. You can also sell your property at any time.

4. What type of Visa do I need to buy property in Mexico

You can buy on a Tourist Visa which is the form you fill out on the plane when you arrive in Mexico, it is as simple as that. Of course having a Visa Temporal and Permanente is also beneficial and you can use these visas for buying a home, either one of the 3 works.

5. Does a buyer need professionals to complete Real Estate Transactions?

Yes, buyers need a “Notario Publico” to complete a Real Estate transaction. A Mexican “Notario Publico” is different from a common US or Canadian “Pubic Notary” and closings work differently in Mexico. The notaries in Mexico are federally appointed, highly qualified and are legally responsible for checking the background of the property including checking leans. They are responsible for the overall Real estate transaction making sure you get a clean deed. They also handle registering the new deed in the public registry.

🏘️ At Access Lake Chapala Real Estate we represent your best interest, so please contact anyone of our agents or our office below to get started:🏘️

✅WhatsApp Kevin Paulini: ✅
✅WhatsApp Karen & Sheila: ✅​
✅WhatsApp Monica Ayala: ✅​
✅WhatsApp Vickie Christensen: ✅​
✅WhatsApp Denisse Rojas: ✅​
✅WhatsApp Carlos Diaz: ✅
✅WhatsApp Linda Fossi: ✅​
✅WhatsApp Michael Rosenblum: ✅
✅WhatsApp Claudia Flores: ✅
✅WhatsApp Ixchel Tamayo: ✅
✅WhatsApp Mario Garcia: ✅​​​​

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