In addition, here are the Area Codes for country, state and Lakeside
Most notaries will provide a line item spreadsheet, prior to closing, itemizing each cost. You cannot avoid these closing costs as a buyer. They are an obligatory part of the legal process that allows a buyer to safely obtain property in Mexico.
The largest fees are the transfer tax, notary fees and the appraisal. These fees are all based on the appraised tax value, not the actual purchase price. In general, the appraised value is about half of the purchase price. When the appraised value comes in high, the overall percentage paid at closing will increase. The appraised value often comes in quite close to the tax value you see on your annual predial (tax bill). By law, it cannot be less than that.
Occasionally the Notario will negotiate their fee. They do not have to. Some Notarios charge more than others and in some cases even actually provide MORE or BETTER service and accuracy in exchange for the higher fees. What a concept.
You can buy a receipt book from any stationery store or papelería. As long as it accounts for the date paid, the amount, employee name, work completed and a place for a signature, you’re covered.
We have created a generic recibo in both Spanish and English for your use. It is designed for part-time staff or contractors paid bi-weekly, weekly, daily or hourly. It can be used for extra or overtime hours as well. We have also accounted for the address where the work was completed. There are two receipts per page, one copy for your employee and one for you. You can print from the website or download for future use.
We would appreciate your feedback on this form. Does it work for you? Is it missing anything? Send us your comments to improve this receipt.