Buying land in Mexico can be a great investment, whether to develop a personal or commercial project. However, it is essential to know the differences in regulations, land types and procedures.
1. Types of Land and their regulations
- Urban Land
- Located in developed areas, with access to services and stricter zoning regulations.
- Rural Land
- They tend to be cheaper but may have limitations in infrastructure and services.
- Ejidal Property
- Communal lands with restrictions for sale. It is possible to regularize it, but it is a long process and is not always feasible for investors.
2. Land Evaluation
- Land Use Study: Check if the terrain allows the type of planned construction.
- Infrastructure and Basic Services: Check availability of water, electricity and roads.
- Key Documents: Property titles, proof of land use and appraisal.
3. Legal Aspects and Key Documentation
The land must have deeds and freedom from encumbrance. In ejidal properties, legal advice is recommended for possible regularizations.
- Purchase and Sale Contract and requirements for its registration.
- Public Deed: Legalization and registration of the land in the name of the buyer.
Steps to Buy Land
- Review of Titles and Documentation
- Make sure that the land has title and is not ejidal property.
- Construction Permits
- Verify that the land has the appropriate land use for the desired purpose.
Necessary Documents for the Purchase of Land
- 1. Title of Property: Proof of legal ownership; On ejidal lands, regularization is required.
- 2. Certificate of Freedom from Encumbrance: Verifies that the land has no outstanding debts.
- 3. Certificate of Land Use: Document issued by the municipality that establishes the type of construction permitted.
- 4. Land Appraisal: Determines the value of the land and is required for credits or financing.
- 5. Proof of No Tax Debt: Verifies that the current owner has no property or water debts.
- 6. Land Plans and Perimeter Measurements: They allow the dimensions of the land to be validated in accordance with the Public Registry.
- 7. Purchase and Sale Contract: Signed document that defines the terms of the purchase.
For more information on how to invest in real estate, follow us on our social networks or visit our website http://coldwellbanker.com.mx
¿Qué papeles te dan cuando compras un terreno? Todo lo que debes saber