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<br><p>Real estate in Mexico and Central America is different from the way that it is conducted in the United States.</p>
<p>Some similarities include a variety of legal formalities, (with
professionals such as real estate agents generally employed to assist
the buyer); taxes need to be paid (but typically less than those in
U.S.); legal paperwork will ensure title; and a neutral party such as a
title company will handle documentation and monies in order to smoothly
make the exchange between the parties. Increasingly, US title companies
are doing work for US buyers in Mexico and Central America.</p>
<p>Prices are often much cheaper than most areas of the U.S., but in
many locations prices of houses and lots are as expensive as the US,
one example being Mexico City. U.S. banks have begun to give home loans
for properties in Mexico, but, so far, not for other Central American
countries.</p>
<p>One important difference from the United States is that each country
has rules regarding where foreigners can buy. For example, in Mexico,
they cannot buy land or homes within 50km of the coast or 100km from a
border, while, in Honduras, they may buy beach front property. There
are also different special rules regarding certain types of property: <i>ejidos</i> - communally held farm property - cannot be sold to anyone, but that does not prevent them from being offered for sale.</p>
Many websites advertising and selling Mexican and Central American real estate exist, but they may need to be researched.<br>There are no profit
making benefits of any kind associated with this activity.
No benefit or return of any nature is expressed or implied
and no promises or guarantees of any such return are
permitted to be made by any participant of this activity.<br>