CLOSING COST
In Mexico, the closing costs for purchasing a property in Loreto, Baja California Sur, can vary depending on the value of the property and the specific circumstances of the transaction. Here are some typical closing costs that buyers may encounter when purchasing a property in Loreto:
Notary fees:
Fees paid to a licensed notary, typically between 0.5% to 1.5% of the property value.
Registration Fees:
For registering the property with the public registry.
Appraisal & Technical Fees:
Optional, but may include property appraisal, inspections, or technical reports.
Trasnfer & Acquisition Tax:
Usually around 2% of the property value.
Title search and registration fees:
For registering the property with the public registry.
Property Taxes and Fees:
Any outstanding property taxes or fees that need to be settled.
On average, closing costs in Loreto can total approximately 4% to 6% of the property's purchase price.