Once a Mayan Horizon Realty advisor has helped you find the desired property, the first step is to make a deposit to take it off the market. Afterward, a letter of intent to purchase is delivered to the owner, outlining the conditions and payment methods. This letter grants us access to the legal documentation for review. Once the documentation is verified, a promissory purchase agreement is drafted, setting the agreed-upon dates and payments. A down payment (typically 30%) is made upon signing, and the remaining balance is settled 30 to 45 days later before a public notary. This timeframe allows for the processing of all certificates and documents required by the notary to prove that the property is free of any liens or debts.