Ocean Front Luxury Condos for Sale in Hotel Zone, Cancun, Quintana Roo, Mexico

Kukulcan Caribbean Shore Condos - the Last Ocean Fronts!

Take advantage of this months developer's rebate! "Delivery by November 2011"
Development by HOMEX TURISM LUXURY DIVISION = (HXM) New York Stock Exchange
IMPORTANT: In Mexico the seller or developer pays an average of (4%) commission to Independent Brokers, NOT the buyer. Non-Mexicans are allowed to acquire Real Estate property in the "Restricted Zone" via a local bank trust, that holds the property title, and charges around US$500.00 per year to maintain it for 50 years the trust for you. Escrow in Mexico is done by a Notary Public, which is an experienced Attorney chosen and commissioned by the State Governor. Closing costs are usually between (5%) to (7%) of the property cost, and the buyer pays the Notary for that fee. The developer is asking for a US$5,000 to hold a specific unit until contract is signed within 30 days, when a (30%) from the property value will be required as down payment at that time, and the balance is due when the condo is delivered to you. If notarised Power of Attorney is given to someone you trust in Mexico, any real estate acquisition can be made without your presence in Cancun. The escrow account for this project are handled by Stewart Title Co. or Monex Grupo Financiero; that will charge the buyer an additional US$550 to accept and process foreign checks. So, money transfering or wiring instead to Homex Account over J.P. Morgan Bank it can save you money.