View single post by emc2
 Posted: Wed Nov 13th, 2019 11:33 pm
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emc2

 

Joined: Mon Jul 2nd, 2018
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Mana: 
When we bought our house through a local RE firm, we wired the money straight to the US sellers bank account and at the same time he signed the closing documents and we were given the keys. This felt safe for both sides.

How would that transaction go if selling to a Mexican? Would proceeds be in pesos and transferred only into a local bank account? Or would their bank convert the funds to US dollars to wire to sellers account. And do you feel using a real estate company focused on Mexican clients would be as safe?

Selling in pesos is intriguing IF you bought your property when the dollar was high and sold at an appreciably lower exchange rate. I did this in another country not even realizing the enormous benefit until it was time to exchange the house sale proceeds to US dollars.