Milestone Payments in Pre-Construction Condominium Purchases
When purchasing a pre-construction condo in Mexico, one of the most important elements of your payment structure is how and when you release funds to the developer. Many condominium projects use “milestone payments” — payments tied to specific stages of construction — rather than relying on arbitrar
New Construction Warranties for Real Estate in Cabo
Understanding the 5-3-1 Guarantee for New Construction in Mexico When you purchase a newly built property in Mexico, it comes with certain protections established by PROFECO (Mexico’s consumer protection agency). These protections are known as the 5-3-1 Guarantee, and they outline the builder’s resp
Soft Closings in Mexican Real Estate
A soft closing is when a buyer takes possession of a property and releases funds before the final deed is ready. It can seem like a convenient shortcut, but it carries both risks and benefits. When to Consider a Soft Closing Soft closings should only be used when there is a legitimate delay in the d
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