Baja123 Real Estate Company - Baja Real Estate

BAJA'S BEST REAL ESTATE WEBSITE

U.S. TOLL FREE 1 (888) 483-5873 | MEXICO (661) 688-1222
 HOT PROPERTY ALERT  Wake Up Every Morning To An Ocean View! Turnkey Ready Home in Rosarito Beach South! - $172,500 - CLICK HERE 

Using Escrow To Buy Baja Real Estate

PURCHASING PROPERTY IN THE ROSARITO BEACH AREA

PLANNING ON BUYING REAL ESTATE IN THE ROSARITO BEACH AREA?

Search Baja Real Estate Listings
 

The Importance of Using Escrow Services in Mexico

An escrow account in a real estate transaction is a safe way to protect yourself and to make sure you will get what you bought. Escrow, like title insurance, is a fairly new service in Mexico. Most transactions here in the past were cash transactions in which they hand over the title and you hand over the cash.

In the U.S. and Canada, on the other hand, buyers are used to paying for a property through a neutral third party, or, escrow account. Escrow is a necessary service to help ensure that all parties in the transaction meet their obligations in order to complete the transaction according to the written contract.

Escrow Service and Cost

An initial deposit is made when the purchase agreement is signed, and a final deposit is made when the title is ready to be delivered. All funds are deposited into the account of an escrow agent, in accordance with the provisions of an agreement signed by the parties. This escrow agreement dictates the timing and conditions required for each deposit made. Escrow agents charge a fee that typically ranges from $500 USD and up, for opening, administering, and releasing the funds according to the agreed-upon terms.

PLANNING ON BUYING OR SELLING REAL ESTATE IN THE ROSARITO BEACH AREA?

List your Rosarito Beach Property
Baja Hot Property Alert
Baja Real Estate Ultimate Buyer's Guide
Search Baja Real Estate Listings

Sign In