We are thrilled to welcome you to Tropicasa and extremely pleased that you have chosen us to help you sell your home. We pride ourselves not only in our proficiency and knowledge but also our attention to detail and response to our clients. We will do everything in our power to ensure that your experience with Tropicasa is smooth sailing. We have put together this easy-to-consult reference on the different aspects of selling your property. It is our goal to see that any questions or concerns regarding the sale of your home are addressed completely and immediately.
When we take a listing we want to be ready to immediately respond to incoming offers. Racing around trying to find the necessary documents once we have a pending offer is not recommendable and the more quickly we can respond to a potential buyer, the easier it will be for us to make the sale. For this reason, we request the necessary documents at the beginning in order to avoid such a situation. To follow is a list of documents that we need to complete the file along with an explanation on why such document is important. Those documents indicated with an asterisk are requisites for all listings that will appear in the AMPI Multi-List and the others are requirements for Tropicasa.
During the time your property is on the market, the property will appear in print and web-based advertising as well as on social network sites like Twitter and Facebook and featured in open-houses and other marketing. It will be featured on the Tropicasa website and promoted to real estate agents all over the world through the Flex MLS System and the MLS Vallarta System. Tropicasa also provides the services of a CLIENT LOUNGE, a secure section of our website dedicated to serving the client! In order to register with the CLIENT LOUNGE, simply go to the website www.tropicasa.com and click on the button "Client Lounge".
Congratulations! We have received an offer on your home! Your Tropicasa agent will review the offer with you and answer any questions you may have. We also have an attorney who is available and standing by to help if needed. We will provide you with recommendations on how and if to respond with a counteroffer or if it is better to accept the offer as written. That said, you, the client, will have the last word. We will prepare the response as per your instructions and review the same with you so that it is correct. This may go back and forth a few times or not at all, but we are here to guide you through the procedure. This can all be done via fax or e-mail with original signatures required once we have the final accepted offer.
You and the Buyer have reached an agreement – what great news! In general cases there will be a term of due diligence so that the Buyer can review the documents pertaining to the property, conduct (at their expense) the necessary inspections and other contingency items that may or may not apply.
Escrow is open and contingencies are removed! What does this mean? This generally means that the Buyer has deposited the required 10% good faith deposit into the escrow account and is satisfied with the due diligence. This means we are going forward to closing. Tropicasa works closely with the Notary to coordinate all closing aspects of the transaction.
Do I need to be present for the closing? As the Seller you will need to be present at the closing or grant a power of attorney to someone that you trust to sign documents at closing on your behalf. Your real estate agent cannot act as your representative in this aspect as it would be a conflict of interest. If you cannot be present, the power of attorney can be prepared for you to sign.
If you are in the United States, you can have the power of attorney notarized by a local notary and then "apostilled" by the Secretary of State of the state in which you sign. If you Google "apostille + secretary of state + (the name of your state)", information will come up on how to get this done. It is very simple.
If you are Canadian, you will have to have the power of attorney signed in the Mexican Consulate nearest you and each consulate has its own format and rules. This link shows the information on the consulates in Canada. http://embamex.sre.gob.mx/canada_eng/index.php?option=com_content&view=article&id=55&Itemid=35What else to I need to do for closing?? You will need to prepare to liquidate your staff or employees if you have them. Your agent will be able to guide you through this. You will need to make sure that all bills associated with the property are brought current. Now all you need to do now is relax and wait for the notary to process the paperwork for the Buyer. You will need to provide wire instructions to your agent so that we know where to send your proceeds and there may be some incidental costs to cancel your fideicomiso trust or bring yourself current on taxes and fees. Your agent will provide you with a proration statement prior to closing to show what expenses you will need to pay at closing, prepaid costs that will be reimbursed to you at closing, taxes due the government, if any, and finally the net proceeds that you will receive on the closing date.
The closing date is here! Finally! The closing date is here. The Notary office will set the time of closing according to the schedules of both Buyer and Seller and based on the Notary office workload and availability. Generally, closings take place after 10 am and before 5 pm. Up to three days prior to going to the Notary, the Buyer will usually do a walk-through of the property just to make sure everything is in place. As Seller, once you leave your property after the walkthrough, you will not return.
At the Notary office you will review the paperwork with the Notary and closing coordinator to make sure everything is in order. Aside from the deed transferring title to the Buyer, you will be signing disbursement instructions to the escrow agent which instructs the escrow agent where to send your funds. It is important that you provide COMPLETE wire instructions to your Realtor prior to the closing so that there is no delay in you receiving your money. Wires sent prior to 1:00 p.m. will be transferred that day and may be received in your account on the same day.
Once documents are signed the Notary will send the escrow agent the disbursement and copies of the deed and funds will be released. You provide the keys to the Buyer and the closing is complete!
As a Seller your job is done. Be sure and keep a copy of the transfer deed and tax payment statement for your own records (you will be given this at closing). Once again, FELICIDADES