All your questions, answered in one place
Buying a home raises hundreds of questions. We have compiled the 15 most common questions from casasenoferta.com users and answer them clearly.
1. How much money do I need?
Beyond the property price: down payment (10-20%), closing costs (4-8%), appraisal, moving costs and emergency fund. Prepare 15-30% of the property value in cash.
2. Is buying better than renting?
Buy if you plan to stay 5+ years, have stable finances and can afford the mortgage comfortably. Rent if you need mobility or your financial situation is unstable.
3. What is Infonavit?
A government housing credit for formal workers. Your employer contributes 5% of your salary to a housing account. With 1,080+ points you can apply for a home loan.
4-7. Process, down payment, documents, appraisal
Bank credit takes 4-8 weeks. Some Infonavit schemes allow zero down payment. You need ID, CURP, tax ID, income proof, bank statements. An appraisal is a professional valuation required by lenders.
8. Can foreigners buy?
Yes, but within the restricted zone (50km from coast, 100km from borders) foreigners must buy through a bank trust (fideicomiso). Outside this zone they can buy directly.
9-15. Taxes, legal verification, appreciation, mortgage deductions, pre-sale, agents
Buyers pay acquisition tax (2-5%). Verify legal status through the notary. Property appreciation depends on location and development. Mortgage interest is tax-deductible. Pre-sale offers 10-20% discounts. A good agent helps but is not mandatory.
Conclusion
Buying a home becomes much simpler with the right information. Explore our blog for specialized guides on each topic. Your next step is at casasenoferta.com.
