When embarking on a real estate purchase in Mexico, it is crucial to account for closing costs in your budgetary plans. These costs encompass a range of fees and expenses, typically amounting to approximately 4% to 6% of the property’s purchase price. As a buyer, you assume responsibility for these costs, ensuring they are factored into your financial calculations. Conversely, sellers are accountable for additional real estate fees and capital gains taxes. By proactively understanding and preparing for these closing costs, you can confidently navigate the financial aspects of your Mexico real estate transaction and proceed with clarity and informed decision-making.

Note: it is important to communicate with a tax accountant both in your local area in Mexico and your local area in your respective country.