Buying Property in Valladolid: A Cash Only Affair?

Actualizado: 5 de may de 2020

Buying Real Estate in Valladolid Yucatan can be a different experience, but if you are prepared to be flexible, things can always work out!

One of the most common sources of stress for buyers is the refusal of many sellers to take any methods of payment but hard-cold cash.

If you meet homeowners in Valladolid, they all have a similar story: to pay for the property they had to get the money at the bank and deliver it on closing day. Not to mention all the previous steps needed to get the full amount available, specially if the buyers were foreigners.

Once the money is in his hands, the seller proceeds to count the cash in front of the notary. After some time and if everything is ok, the owner signs the deed and takes the bag back to the bank.

Even though this is not the norm in Mexico, it is common in Valladolid. Refusing to pay in cash might seem suspicious to the seller, so it is essential to work with your realtor and lawyer to make it work.

As of May 2020, Escrow Services are available in Valladolid Yucatan! This is a great opportunity for foreigners to transfer their money safely from their home country.

You can contact Casas en Valladolid for more details about the Escrow Services in Valladolid.

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