Entrust your dream home to Paradise Bacalar Developers with confidence by placing a refundable reservation deposit of $5,000 USD. This deposit not only secures your place but also grants you the privilege of choosing the specific lot for your future villa.

Upon placing the reservation, a 15-day window is initiated, during which our team will craft your personalized sales contract. This period allows you and your attorney ample time to review the contract thoroughly, ensuring clarity and understanding. All deposits made during this process are fully refundable, emphasizing our commitment to transparency and customer satisfaction.

While not legally mandated, securing an attorney is strongly recommended as a best practice. This ensures comprehensive protection for you, the buyer, and facilitates a clear understanding of the intricacies involved in both fideicomiso and real estate closings in Mexico.

Should you require assistance in finding a reputable law firm to support you through the transaction process, we are more than willing to provide recommendations. Our commitment is to make your real estate experience in Mexico as smooth and secure as possible.

A fideicomiso in Mexico is a legal instrument that allows non-Mexican individuals to acquire and hold real estate within the restricted zone, which includes areas within 50 kilometers (about 31 miles) of the coastline and 100 kilometers (about 62 miles) from the international borders. This arrangement is commonly used by foreign buyers to secure property in these restricted zones.

Here’s a step-by-step overview of how a fideicomiso works in Mexico:

1. Selection of a Mexican Bank: The buyer selects a Mexican bank that is authorized to act as a trustee for real estate transactions with foreigners. The bank holds the property in trust for the buyer.
   

2. Creation of the Trust: A fideicomiso, or trust, is established. The buyer, known as the “fideicomisario,” is the beneficiary of the trust. The bank acts as the trustee and holds legal title to the property.
   

3. Application for Permit: The bank, on behalf of the buyer, applies for a fideicomiso permit from the Mexican Ministry of Foreign Affairs. Once approved, the bank holds the property in trust for a renewable 50-year period, with the option to extend.
   

4. Property Use and Control: Despite the bank holding legal title, the buyer has complete control over the property. They can use, lease, sell, or pass the property to heirs as they wish. The buyer can also designate additional beneficiaries in the fideicomiso.
   

5. Fees and Costs: The buyer is responsible for the initial setup costs, annual bank trustee fees, and other associated costs. These fees can vary among banks.
   

6. Renewal and Transferability: The fideicomiso is initially set for 50 years but can be renewed indefinitely. It is also transferable, allowing the buyer to sell or pass on the property to heirs.

It’s essential for individuals considering a fideicomiso to seek legal advice to understand the specific terms and conditions associated with their particular trust. While the fideicomiso adds an extra layer to property ownership in the restricted zones, it has proven to be a reliable and commonly used mechanism for foreigners to secure real estate in Mexico.

Embark on your journey to paradise with the exclusive in-house interest-free developer financing offered by Paradise Bacalar Developers. Choose from our two flexible finance plans: the 30/60/10 and the 70/20/10.

Under the 30/60/10 plan, kickstart your dream investment with a 30% initial deposit. The subsequent 60% is conveniently spread over 10 months, allowing you to make interest-free monthly installments. Finally, the remaining 10% is due upon the delivery of your title, ensuring a seamless and rewarding ownership experience.

Alternatively, opt for the 70/20/10 plan, which follows the same structure with a 70% initial payment, but the 20% is divided into 6 monthly interest-free installments. This plan provides added flexibility to accommodate your financial preferences.

Secure your slice of paradise with our transparent and convenient developer financing options.

Explore the opportunity to own one of our on-site bodegas, which are essentially storage units, at Ichkabal Villas—a residential development governed by a condo regime. These storage units are available for purchase as the developer does not retain ownership of their titles. Instead, individual homeowners have the privilege of owning these bodegas outright within the condo regime.

This unique ownership structure empowers homeowners to decide the fate of their storage units, including the option to generate passive income by renting them out. Rest assured, each bodega comes with a clear title, firmly establishing its place within the condominium framework. Elevate your living experience at Ichkabal Villas by securing ownership of these versatile and valuable on-site storage units.

Discover the allure of Bacalar, an emerging gem among tourist destinations in Latin America. Connect with Bacalar Developers today to access the latest AirDNA report on the thriving Airbnb market in the area. Immerse yourself in the data on Airbnb, exploring rental options for holidays or any dates within a reasonable pre-booking timeframe.

Bacalar boasts a limited supply and incredibly high demand, ensuring a unique and exclusive experience for visitors. Unlike Tulum, Bacalar is committed to preserving its charm and avoiding overdevelopment. Proximity to Chetumal, the state capital, plays a pivotal role in this conservation effort. Bacalar serves as the weekend retreat and family haven for Chetumal’s politicians, fostering a desire to maintain its small-town charm and protect the pristine lagoon. Secure your place in this enchanting destination before it becomes a well-known secret.

Upon signing your final purchase contract and submitting the down payment, expect your villa from Paradise Bacalar Developers to be move-in ready within 10-12 months. Construction, starting promptly after municipal permits, can potentially be completed in as little as 6 months. Should the project run ahead, we’ll notify you, especially if you’re on a 10-month financing plan, ensuring 90% payment before keys are handed over. The remaining 10% is only due upon title registration in the public registry. Your dream home awaits a timely and hassle-free completion.

Discover the epitome of artisanal luxury in our meticulously crafted villas. Opt for our turnkey furniture package, meticulously curated by our dedicated architecture and interior design team. This comprehensive package ensures that every detail is considered, allowing your new home in Bacalar to be seamlessly move-in ready.

Ideal for those with busy schedules, our turnkey package is designed to facilitate immediate occupancy or rental readiness. Whether you choose to list your villa on platforms like Airbnb and VRBO or prefer a hassle-free move-in experience, our package covers everything. From flatware and kitchen utensils to linens and intricate details, our team ensures your villa is fully furnished and ready for your preferred use. Experience the convenience and luxury of a true turnkey home with Paradise Bacalar Developers.