Buying a house or apartment in Mazatlán is an exciting investment, but many buyers—especially first-timers—are unaware of the additional expenses that go beyond the advertised price of the property.
In this guide we explain what those hidden costs are and how to calculate them.
đź’¸ 1. Income Tax (ISR)
This tax is the seller's responsibility , but if it is not declared correctly, the buyer may be affected. It is paid on the profit obtained from the sale of the property.
Why should you care as a buyer?
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If the seller does not have their documentation in order (updated appraisal, proof of tax residence, etc.), the closing of the transaction could be delayed.
- There are cases where the buyer may be required to pay income tax (ISR) if there is a difference greater than 10% between the appraised value and the transaction price. As the buyer, you will pay income tax on the profit obtained when acquiring the property.
🖊️ 2. Notary Fees
The notary is the one who legally formalizes the purchase. Their fees are established based on state tariffs and the value of the property.
They include:
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Document review
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Writing preparation
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Calculation and payment of taxes
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Registration with the Public Registry of Property
đź’ˇ Estimated cost : between 5 % and 7% of the property value .
đź“„ 3. Cadastral and Commercial Appraisal
This document is required to calculate the acquisition tax. In many cases, it is also necessary if you are buying on credit.
Types of appraisal:
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Cadastral appraisal : Requested by the notary.
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Commercial appraisal : This can be requested by the bank or the buyer to validate the real value of the property.
đź’° Estimated cost : between $3,000 and $8,000 MXN , depending on the size and location of the property.
đź“ś 4. Acquisition and Registration Rights
These payments are made to the State Government and the Public Registry of Property.
They include:
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ISAI (Property Acquisition Tax) : varies by state; in Sinaloa it is 2.2% of the transaction value.
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Registration fees : An additional fee is charged to register the deed. 0.825% of the transaction value.
🔎 Other Costs to Consider
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Translation of documents (in the case of foreign buyers)
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Powers of attorney if you sign from abroad
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Administrative fees if you don't want to handle the paperwork yourself
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Real estate advisor fees (if applicable)
🧠Conclusion
Buying property in Mazatlán involves more than just the property's value. Understanding these hidden costs prepares you to negotiate better, avoid delays, and make more informed decisions.
If you are considering buying your first property or investing in real estate in Mazatlán, count on our team to guide you step by step .
đź“© Do you have questions or need personalized advice?
Contact us and receive a free initial consultation.
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