Poncho Davalos Talks About Escrow and Its Importance

October 10, 2022

poncho-2 — Alfonso ' Poncho' Davalos is a Real Estate agent and Managing Director for The Agency Puerto Vallarta; he loves to give to the community, helps Sula Society, A Dogs New Life, and SPCA. Feel free to send him an e-mail at: Alfonso.Davalos@TheAgencyVallarta.com for more information.

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Poncho Davalos – During my Real Estate career, I have come across this question that my Mexican clients constantly ask me, what is Escrow and why should I use it when I buy a property in Puerto Vallarta or Riviera Nayarit.

I will tell you that it is an account in which I call it, a concentrator account, in which your money is protected and it is where you will be able to deposit the earnest money and the balance of the sale.

The cost of opening the escrow account is between 800 USD. 850 USD, for more information, do not forget to follow me on my social networks.