better-educated buying public will demand greater transactional security and title certainty.
• Title insurance companies with established offices have come to the local markets with the concept of “title assurance” and coordinated title services similar to what a buyer would receive in the United States from a title insurance company. The markets have finally realized and embraced the fact that for Americans, the title insurance cost is the cheapest part of the transactional process when compared to other costs of closing. Most important, dealing with a U.S.-based title company in Mexico gives U.S. buyers a sense of confidence, reliability and security.
More big changes continue with Mexico’s highway system. When the North American Free Trade Agreement (NAFTA) treaty was initiated in 1994, one of the stipulations was that all three parties (Mexico, United States and Canada) must comply with “international standards” to fulfill its objectives, including “geographical, technological or infrastructural factors.” In a capsule, on all levels involving trade, Mexico must improve its roads up to international standards.
In Part I, we explain where, how and why second home buyers have purchased real estate in Mexico. There are simply too many cool hideaways and gorgeous towns to chronicle, but, let’s explore some of the most intriguing locations of a wonderfully diverse country. Some of these destinations already have been discovered yet others are just appearing on the radar screen.
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