Real estate in Puerto Vallarta is a safe, secure and smart investment, but there are some differences in the way which real estate transactions in Mexico proceed that can leave some foreign buyers scratching their heads. One question our real estate agents are frequently asked is about the role of the notary public when purchasing real estate in Puerto Vallarta or Riviera Nayarit.
A notary public in Mexico is a more powerful office than that of a notary in Canada or the USA. In Mexico, notaries are appointed by the State Governor and must hold a law degree. In their position, notaries witness and certify documents, guaranteeing their absolute authenticity. They are also tasked with managing and safely securing original documents and records, and no real estate transaction can be legally processed in Mexico without being overseen by a notary public. By law, a deed to any property for sale in Mexico must be prepared by a notary and the notary will also ensure that all the documentation and permits needed for the transfer of real estate are in order, securing the legitimacy of the transaction.
Buyers have the right to choose the notary that will oversee their purchase process and it’s an important decision in your Puerto Vallarta real estate purchase. Tropicasa Realty is pleased to not only offer in-house legal counsel for our clients, but also 20 years of experience with Puerto Vallarta notaries and an ability to help guide our clients to the notary office that will best suit their needs, as part of our commitment to ensuring an exceptional real estate experience.
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