For buyers from the US and Canada
Buying a home in Mexico
Foreigners can own a home in San Miguel de Allende in their own name. Here is how the process works, from your offer to the deed.
The basics
What you should know first
You can own it directly
San Miguel de Allende is outside Mexico’s coastal and border restricted zone, so foreigners can hold title in their own name. No bank trust is needed.
A notario closes every sale
A Mexican notario público is a government-appointed lawyer who checks the title, calculates taxes and records the deed. The buyer usually chooses the notario.
Prices in pesos and dollars
Many homes are listed in US dollars, but the deed records the price in pesos. Ask us how exchange rates and payment by wire transfer work.
From offer to deed
The steps
Step 1
Offer and promise contract
You agree on price and terms in writing, usually with a deposit held in escrow.
Step 2
Due diligence
The notario checks title, liens, property tax (predial) and water bills.
Step 3
Permits and closing costs
The notario requests the Foreign Affairs permit and gives you a written estimate of taxes and fees, typically a few percent of the price.
Step 4
Escritura
You sign the deed at the notario’s office. It is then registered in the public property registry.
Good to know
Common questions
How much are closing costs?
They usually include the acquisition tax, notary fees, the appraisal and registration. Your notario gives you an exact written estimate before closing.
Do I need to live in Mexico to buy?
No. Many buyers close remotely with a power of attorney, or fly in only for the signing.
What are the yearly costs of owning?
Property tax (predial) is low by US and Canadian standards. Add utilities, maintenance, and HOA fees if the home is in a private community such as Antigua Residencial or Los Huizaches.
Can I rent first?
Yes, and many buyers do. There are furnished rentals in Los Frailes, a good way to get to know the neighborhood before you buy.
This is general information, not legal or tax advice. Your notario and accountant confirm the details for your purchase.
Talk to a local agent
Have questions about buying?
We walk you through every step and can recommend notarios and inspectors along the way.