Buying property in Mexico as a foreigner
Step-by-step guide to the bank trust (fideicomiso) and the property buying process in Mazatlán for foreigners.
Buying property in Mexico as a foreigner is completely legal and safe, but requires a specific instrument called a bank trust (fideicomiso) when the property is in the restricted zone: within 50 km of the coast or 100 km of any border. Mazatlán, being coastal, falls within this zone.
What is a fideicomiso?
It is a contract through which an authorized Mexican bank holds title to the property on your behalf in a trust for a renewable 50-year term. You are the beneficiary, with full rights: to live in it, rent it, sell it, remodel it, or inherit it.
Steps of the buying process
- Find your property with one of our local guides.
- Offer and promise agreement — earnest deposit of 5–10%.
- SRE permit (Ministry of Foreign Affairs) — handled by the trustee bank, takes 2–4 weeks.
- Trust formation before a Mexican notary public.
- Closing and final payment.
- Registration in the Public Registry of Property.
- Keys handed over — welcome to Mazatlán.
Frequently Asked Questions
Can I buy directly in my name?
Not in the restricted zone. The fideicomiso is mandatory for foreigners but grants you the same rights as direct ownership.
How much does it cost to maintain a fideicomiso?
The bank charges an annual fee of approximately USD $500–$700 for trust administration.
How long does the trust last?
50 years, renewable for another 50. The renewal is a simple administrative process.
Can I leave it to my heirs?
Yes. You designate substitute beneficiaries in the contract, with no need for probate proceedings in Mexico.
Can I rent out the property?
Yes, without restrictions. Many clients rent on platforms like Airbnb when they are not using it.
This information is general; consult a notary before closing the transaction.
This information is general; consult a notary before closing.
Frequently asked questions
Can a foreigner buy property in Mazatlán?
Yes. Mazatlán is within the restricted zone (50 km from the coast), so foreigners buy through a bank trust (fideicomiso), which grants all rights to use, sell, rent and inherit the property.
What is the buying process and how long does it take?
Offer and deposit, a purchase promise agreement, and closing before a notary public with the deed transfer. The typical process takes 4 to 8 weeks, and a Humans advisor accompanies every stage.
Which areas of Mazatlán do you recommend?
It depends on your profile: Zona Dorada and Marina Mazatlán for beach life and vacation investment, Centro Histórico for culture and appreciation, and residential neighborhoods like Real del Valle for family living.
Do you also handle rentals?
Yes, long-term rentals of houses and condos. The catalog can be filtered by operation type (sale or rent).