5 Tips for Foreigners Before Buying a Real Estate in Nuevo Vallarta

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5 Tips for Foreigners Before Buying a Real Estate
in Nuevo Vallarta
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Bank Trust
It is essential for the foreigners to establish a
trusted bank source if they are planning to buy
Nuevo Vallarta Real Estate within the restricted
zone. In this case, the buyer is the beneficiary
of the loan, and the banks work as the trustee.
The restricted area is within 100 km from the
international border and near about 32 miles from
the coastline.
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Get Experienced Agent 
Try to get in touch with an experienced agent
such that the procedure of purchasing the
property goes easy. You have to conduct online
research and ensure that you get assured
assistance from the agents in the process
throughout. You are the boss of purchasing the
property, and dont let the agent influence you
with his decisions. You can also seek help
from Nuevo Vallarta real estate by Viacapitalepv.
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Use of Public Notary
A Mexican government appointed lawyer is
essential throughout purchasing the property.
Although the agent would come forward with his
recommendations, it is preferable to choose your
options and go for online research and get your
notary. Starting from judging whether the
property is legal or not, they would analyze and
review all the documents well.
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Calculate the Closing Costs
Though your agent and notary would be aware of
all closing costs, make sure that the closing
cost includes foreign affairs permit, notary fees
and expenses, bank trustee for the initial years,
property transfer tax, the opening of the bank
trustee.
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Arrange official documents orderly 
You should have all important documents such as
registration of property in public register and
ensure there are no outstanding utility bills. In
addition, also check copy of sellers title where
he has to provide it on the day of closing. Also,
copy of the purchase of the house, yearly
property tax and appraisal of property should be
kept properly.
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