Real Estate FAQ
Common questions about buying, selling and renting in San Miguel de Allende, answered by agents who live here.
In-depth guides
- As a buyer, what costs should I expect?
- Do I have to be in San Miguel for Closing?
- How are capital gains taxes calculated and paid?
- How do I give someone a power of attorney?
- How long will it take to sell my home?
- Is financing available?
- What is the capital gains exemption?
All questions
Buying
- Is financing available?
- As a buyer, what costs should I expect?
- Do I have to be in San Miguel for closing?
- Are asking prices negotiable?
- Can you show me properties listed by other agencies?
- Are property taxes expensive?
- Do I need a permit or bank trust to purchase a property?
- Who pays the sales commission?
- Can you manage my property?
- How can Realty San Miguel help me if I'm still months away from buying?
- Do I need a Mexican bank account to purchase property?
- What is the purchase process?
- Should I do a property inspection?
- Can I rent my house via Airbnb?
- Should I register the deed in more than one name?
- Why is a permit from the government necessary to purchase property in Mexico?
- How do property inspections in Mexico differ from those in the US or Canada?
- Can I pay my closing costs with physical cash?
- Can my 401K or LLC purchase property?
- What precautions should I take when doing a wire transfer?
- Since I am purchasing in USD, why do I pay the closing costs in MXN (pesos)?
- How do I give someone a power of attorney?
- Why do I need to transfer more money than the exact closing costs?
- How does escrow work?
- Who chooses the notario we will use for closing?
- How do I obtain a resident visa?
- Do I need a will in Mexico to purchase property?
- Does San Miguel have an MLS?
- What is required to open a Mexican bank account?
- How long does it take to receive the registered deed?
- Which lawyers can close a real estate transaction?
- How do I pay my property taxes?
- How much is IVA?
- Can I pay for a property with (physical) cash?
- What is a notario?
- What is an SRE permit?
- What is the MLS?
- What is an apostille?
- Can I have a document notarized online?
- Does Mexico recognize a document that has been notarized in the US or Canada?
- Are there any tax deductions for renting my house?
- What is IVA?
- How much is the commission on a sale?
- How can I get a will done?
- Do I have to purchase my property in a bank trust?
- Do I have to be in San Miguel for Closing?
- Is financing available?
- As a buyer, what costs should I expect?
- How do I authenticate, or apostille, a document when I’m outside of Mexico?
- How do you recommend we make a will?
- What documents are needed to rent a home?
- What is the capital gains exemption?
Selling
- How long will it take for my property to be promoted on your website?
- How are capital gains taxes calculated and paid?
- Should I leave room in the price for negotiations?
- Who chooses the notario we will use for closing?
- Do I have to be in San Miguel for closing?
- How do I give someone a power of attorney?
- How long will it take to sell my home?
- How long will it take to sell my home?
- How much is the commission on a sale?
- How are capital gains taxes paid?
- How do I authenticate, or apostille, a document when I’m outside of Mexico?
- What if the square meters of construction are not correctly reflected on my tax bill (predial)?
- Does Mexico recognize a document that has been notarized in the US or Canada?
- How much is IVA?
- What is an apostille?
- Can I have a document notarized online?
- Should I offer owner financing for my property?
- What is IVA?
- Does Realty San Miguel use print advertising?
- How are capital gains taxes calculated and paid?
- What is the capital gains exemption?
- Do I have to be in San Miguel for Closing?
- How do I give someone a power of attorney?
- What is a notario?
- Does San Miguel have an MLS?
- How do I obtain a resident visa?
- How does escrow work?
- What precautions should I take when doing a wire transfer?
- Should I register the deed in more than one name?
- Who pays the sales commission?
- Which lawyers can close a real estate transaction?
- What documents do I need to list my home for sale?
- What is the capital gains exemption?
Renting
- What documents are needed to rent a home?
- Do I need to change the utilities into my name?
- Can you manage my property?
- What is required to open a Mexican bank account?
- How long will it take to rent my house?
- How long will it take for my property to be promoted on your website?
- Are there any tax deductions for renting my house?
- Can I rent my house via Airbnb?
Still have a question?
Ask an agent