Buying Property in Valladolid: A Cash Only Affair?

Buying Real Estate in Valladolid Yucatan can be a unique experience. Still, with a flexible approach, you can navigate any challenges that come your way and make your property purchase a success!

One of the unique aspects of buying real estate in Valladolid Yucatan is the common practice of sellers accepting only hard, cold cash. This can be a source of stress for buyers, but understanding and adapting to this local custom can make the process smoother.

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, especially if the buyers were foreigners.

Once the money is in his hands, the seller counts the cash in front of the notary. After some time, if everything is okay, 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 an excellent opportunity for foreigners to transfer their money safely from their home country.

When dealing with cash transactions, especially in Valladolid, it's crucial to count carefully. The last thing you want is to start over due to a miscount, so pay close attention to every peso.