Many new changes are coming up in 2014! One which affects us already as realtors is the Ley Contra El Lavado de Dinero or the anti-money laundering law. More paperwork is being required by the Mexican government, more identification from buyers and there are specific rules governing the transfer of funds. As always, we at Tierra Yucatan are ready and have taken a number of steps to make sure your real estate buying or selling transaction goes smoothly.

Rather than hold escrow in the USA ourselves, for your security we are now using Stewart Title Latin America to do this for us. This provides both seller and buyer with an added layer of protection for your funds. Stewart can also offer title insurance and full closing services should you wish. Otherwise they will act simply as an escrow agent, disbursing the deposits according to instructions at the closing by wire transfer. Here at Tierra Yucatan, we are all happy about the new arrangement. So far, Tierra Yucatan is the only real estate agency in Merida that is protecting your transaction in this way!

As the year of 2013 comes to a close, we find ourselves thankful for the business we conducted this year, the many wonderful people we met in the process and for all the new and interesting residents, both part and full time, that have been added to the population of Merida through our agency. We look forward to a great 2014!