Financial services firm MexEdge is set to become the first company in Mexico to offer currency risk solutions specifically tailored for individuals buying or building property in Mexico.
“Our mission is to empower people with peace of mind,” MexEdge founder George Reavis said in a press release. “Buying property in Mexico should feel exciting, not stressful.”
MexEdge was created “to remove the financial guesswork and give our clients clarity, control and confidence in their investment.”
On its website, MexEdge says it provides “tailored solutions to fit the needs” of expats purchasing real estate or making other significant transfers.
“Through exclusive partnerships with leading [foreign exchange] banks, we offer corporate-level exchange rates, forward contracts to lock in your rate and personalized support every step of the way,” it says.
With two years of experience in Mexico, MexEdge aims to help expats and international buyers save money and eliminate risks when exchanging US dollars, Canadian dollars or other currencies to Mexican pesos.
MexEdge says it can help clients make sense of “a global environment shaped by shifting trade policies, tariff talks and increasing market uncertainty.”
The company has also published a handbook entitled: “The Ultimate Guide to Saving Money on Currency Exchange for Expats in Mexico.” The guide is available for free on its website.
MexEdge says “currency volatility has become a serious concern for foreign buyers,” driving demand for its brokerage services.
With the peso reaching new highs and the dollar losing strength, U.S. and Canadian buyers face greater exposure to unpredictable currency swings, which can add thousands of dollars to the final purchase price.
On his LinkedIn page, Reavis says his company works “alongside real estate professionals to simplify currency planning, reduce financial surprises and deliver smoother closings for international clients.”
Among his more than 25 years in real estate development, construction and finance, Reavis has spent seven years working in Mexico.
He says he created MexEdge “as a direct response to challenges I faced in my own projects,” including the experience of watching promising deals nearly fall apart, or being undercut by sudden shifts in the dollar/peso exchange rate that added thousands more to the bottom line.
With reports from EIN Presswire
One thing the Expat buyer should be aware of: Closing Costs are paid by the Buyer! In the US it is the seller. So in addition to currency fluctuations don’t forget to save a bit more money on the side to cover these costs before one gets surprised
Great point, and definitely something every expat buyer should be aware of. Closing costs in Mexico can come as a surprise if you’re used to U.S. norms, so it’s smart to plan ahead. Between those costs and currency swings, even a well-budgeted purchase can end up more expensive than expected. Thanks for bringing this up!
Figure on adding 5% of sale price for closing. Some say, budget for 6%. This would include a Real Estate Lawyer as there are no escrow accounts in Mexico. When for the faint of heart is big pucker factor
You’re absolutely right that buyers should budget around 5–6% for closing costs in Mexico. While local deals often don’t involve escrow, it is available, especially for foreign buyers.
Many international clients choose to work with licensed U.S.-based escrow providers to securely hold funds until closing. It adds an extra layer of protection and peace of mind.
We also strongly recommend working with a trusted notario or closing coordinator to guide the process and ensure everything is handled properly.
I am looking for a land in Tulum to maybe build a Hostel. This could maybe help.
Hola Jeanene, We are currently working with another hotel project in Tulum, and they are very happy they hedged their currency exchange risk. We will reach out to you and see how we might be able to help you.
I am planning on buying in Merida Centro when my home in Fort Worth sells. Should I start transferring some $ now and how do I do that? Will that transfer be held in an interest bearing account?