𝗦𝘁𝗮𝗿𝘁𝗶𝗻𝗴 𝟮𝟬𝟮𝟲 𝘄𝗶𝘁𝗵 𝗖𝗟𝗔𝗥𝗜𝗧𝗬 𝗳𝗲𝗲𝗹𝘀 𝗹𝗶𝗸𝗲 𝗮 𝗴𝗼𝗼𝗱 𝗺𝗼𝘃𝗲...
If buying a home in Puerto Vallarta is somewhere on your radar this year, this timeline walks through what the process really looks like from pre-approval all the way to move-in day. Clear steps, realistic timelines, and fewer surprises along the way.
Every buyer’s path looks a little different, but having the right guidance makes all the difference in keeping things smooth and stress-free.
Save this for later when you’re ready to start planning!
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Pre-Approval & Budgeting
Puerto Vallarta is predominantly a cash market, as mortgage financing in Mexico typically carries higher interest rates compared to the U.S. and Canada. Most buyers already have funds available to purchase outright. If financing is needed, buyers commonly secure a loan in their home country (U.S. or Canada) prior to purchasing. At this stage, buyers should also establish a clear budget that includes the purchase price, estimated closing costs, acquisition tax, notary fees, and trust-related expenses if applicable.
Property Search & Offer
Work with a licensed real estate agent to identify and tour suitable properties. Once the right property is selected, a formal written offer is submitted outlining price, terms, and conditions.
Offer Acceptance, Purchase and Escrow Agreement
After negotiations are finalized, both parties sign a Purchase and Sale Agreement (Contrato de Promesa de Compraventa), which defines the agreed price, timeline, and contingencies. An earnest deposit—typically 10% of the agreed purchase price—is established in the offer. This deposit is usually (though not always, depending on the transaction) made after contingencies are removed, generally about 12 calendar days after offer acceptance. An independent escrow agreement is also signed at this stage.
Due Diligence & Trust Setup
A Notario Público conducts legal due diligence, including a title review and verification of ownership. A certificate of no liens is requested from the Public Registry of Property (Registro Público de la Propiedad). For foreign buyers purchasing within restricted zones, a bank trust (fideicomiso) is established. The Notario also calculates acquisition taxes and closing costs.
Closing Date & Final Payment
Closing and signing of the final deed (Escritura) takes place before a Notario Público in Puerto Vallarta, typically 45 to 60 days from offer acceptance. The remaining balance of the purchase price, along with closing costs and taxes, is paid by wire transfer. All funds are disbursed through the escrow account—no cash and no checks are used.
Keys & Deed Registration
Upon closing, the buyer receives the keys and takes physical possession of the property. The deed is then recorded with the Public Registry of Property, finalizing legal ownership.
📩 Thinking about making a move? I’m happy to help you find the place that fits your lifestyle—not just your budget.
Alfredo Herrera | Your Real Estate Expert
📞 (+52) 322 142 6296
📧 alfredoh@tropicasa.com