After years of effort, you have finally managed to acquire your home or business. Now, to complete your joy, it is essential to prioritize the deed of your property. According to the National College of Notaries of Mexico (CNNM), this step is crucial to guarantee the legal security of your real estate assets, providing you with certainty about your property, protection against fraud and crimes such as dispossession, and allowing you to fully exercise your rights over your real estate.
During the administration of President Andrés Manuel López Obrador, 21,591 investigations for real estate dispossession have been reported, of which only 1.2% have been returned to their owners. It is essential that the deed accurately reflects the operation performed, ensuring that the legal acts comply with the legal provisions, that the properties are free of burdens, and that future conflicts are avoided.
The deed not only protects the property but also facilitates access to financing and promotes land regularization. Having a titled property is crucial for accessing mortgage loans and avoiding potential fraud due to lack of title. The materiality of the operation and clear business reasons are aspects that must be guaranteed.
The role of the notary is fundamental in real estate transactions, as the transmission of properties through private documents does not ensure the legitimacy of the sellers as owners. There is a common misconception that notaries are expensive; however, the majority of the expense goes to taxes and other administrative costs, not to the payment of the notaries.
Taking advantage of periodic notarial sessions in your state can mean discounts of up to 40% on your deeds. With more than 100,000 investigations for real estate crimes recorded in 2024, the deed becomes the only recommended alternative according to experts like Elvia Lucía Flores, a researcher at the Institute of Legal Research of Notaries. According to the Population and Housing Census, there are about 2,756,319 inhabited houses in CDMX.
