Understanding Closing Costs in Mexico
One of the most common questions from international buyers is: “How much will it cost beyond the purchase price?” This guide breaks down every cost you’ll encounter when buying property in Baja California Sur.
Complete Cost Breakdown
| Cost Item | Amount | When Paid |
|---|---|---|
| Acquisition Tax (ISABI) | ~2% of assessed value | At closing |
| Notary Fees | ~1–1.5% of property value | At closing |
| Fideicomiso Setup | $1,500–$2,500 USD | At closing (one-time) |
| SRE Permit | ~$90 USD | During process |
| Appraisal | $300–$800 USD | Before closing |
| Certificates (No-lien, tax clearance) | $200–$500 USD | Before closing |
| Title Insurance (optional) | 0.5–1% of property value | At closing |
| TOTAL | 4–6% of purchase price | Mostly at closing |
Ongoing Annual Costs
| Annual Cost | Amount |
|---|---|
| Fideicomiso maintenance | $500–$700 USD/year |
| Property tax (predial) | 0.1–0.3% of assessed value |
| HOA fees (if applicable) | $100–$500+ USD/month |
| Home insurance | $300–$1,500 USD/year |
Real Example: Closing Costs on a $500,000 Condo
Purchase price: $500,000 USD
ISABI tax (2%): $10,000 | Notary (1.2%): $6,000 | Fideicomiso: $2,000 | Appraisal: $500 | Certificates: $300
Total closing costs: ~$18,800 (3.76%)
Frequently Asked Questions
What are the closing costs when buying property in Mexico?
How much does a fideicomiso cost?
Who pays closing costs in Mexico — buyer or seller?
Is there property tax in Mexico?
Can I get a mortgage to buy property in Mexico?
Get a Personalized Cost Estimate
Every property is different. With years of experience closing luxury transactions in BCS, Baja Sur Realtors provides detailed cost estimates tailored to your specific purchase.
- Phone: +52 1 612 288 9722
- WhatsApp: +52 1 624 622 3489
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Updated March 2026.
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