What are the normal closing costs?
Every real estate transaction is different, and the location of the real estate could make a difference, let me explain why.
In the municipality of Benito Juarez (Cancun) the acquisition tax (ISABI) is 3.3% per cent of the purchase price, and in Solidaridad, the same tax is 3.0% percent of the purchase price.
Sekuralaw tip: Before you make a decision, request an approximate closing cost. It could take around 2 hours to get it. Afterwards, you can make an informed decision with the right numbers.