Mexico! Has anyone sold property in Mexico?

[Dion Rivera]

Hi BP members, I'm thinking about selling some property which I currently own in Mexico and haven't seen too much information on the subject other than what my RE agent in Mexico is telling me. I plan to use the funds to start my REI career here in the U.S. So I turn to this great community to ask, has anyone sold property in Mexico. what fees, taxes did you pay? How did you transfer the money to the U.S, etc.. Any help would be appreciated. Thanks.

[Dion Rivera]

Hi @Jorge Torres, I decided not to sell the property. Instead, I'm renting the few houses that were built in the property. However, one of my relatives did sell a property in Puerto Vallarta and it was relatively easy. They found a realtor in Puerto Vallarta who found a buyer. My relatives had to make a couple of trips to Mexico to sign paperwork, etc. The monies were in dollars and straightforward. I think it's getting easier to do business in Mexico with U.S. funds. The realtor fees were a bit high, around 6% but that also includes some of the taxes. I would recommend to get a hold of a realtor in Mexico and work with them. There are a lot of realtors on social media these days that have had much success with American buyers/sellers. Good luck to you. If I do sell the property, I'll update this thread. BTW, the property has appreciated substantially since my last post :).