Preparing to Buy

Before you begin viewing properties, it is important to take time to prepare. Understanding your financial position, gathering key documentation, and consulting the right professionals will help make the process clear and efficient.

Organize Your Financial Information

Having your financial documents in order ensures a smoother buying experience. Whether you plan to purchase in cash or through financing, preparation demonstrates credibility and allows your advisor to guide you accurately.

You may need to collect:

• Bank statements and investment account summaries

• Identification documents and proof of address

• Income or business verification (if financing is required)

• Trust or company information if purchasing through an entity

• Records of any existing property holdings

If you are considering financing, your advisor can connect you with lending professionals experienced in cross-border transactions and international buyers.

Understand the Costs of Purchase and Ownership

Beyond the property price, it is important to account for acquisition and ongoing costs. These may include closing fees, the fideicomiso trust setup, notary and legal fees, property taxes, homeowners association fees, and maintenance costs. Having a clear overview helps you budget accurately and avoid surprises.

Plan for Stability

Avoid making major financial changes before or during the purchase process. Large withdrawals, new loans, or career shifts can complicate approvals and create unnecessary stress. Approach your purchase from a position of financial stability and readiness.