Belize is an excellent place to invest in property. There are no capital gains tax and property prices are rising year after year. There are many hurdles to overcome if you want to buy land or property in Belize. You also need to be aware of the regulations and costs. The process is relatively straightforward. For those who are interested in investing in Belize property, the Remax Belize Secret Beach can be a great resource. They take great delight in offering buyers and sellers exceptional service. They list prime residential properties as well as commercial land, and places for a business like hotels and resorts.
Where To Look For A Property In Belize?
It’s easy to get caught up in the excitement of finding a property. Be sure to verify the credentials of any real estate agent. Although they may be legitimate, it is better to be safe than sorry. There are also scammers out there.
These are the best ways to find your dream property:
- Ask reputable agents for information about the properties they have available.
- Online property websites.
- Ask around – Word of mouth is a great way for people to find out about properties on the market.
You don’t have to be in Belize to purchase a property. However, it is recommended that you visit it at least once before you make any final decisions.
The Legal Considerations When Buying Property In Belize
There are many great reasons to buy property in Belize, for example:
- You can own property in Belize as a foreigner.
- It’s as simple as buying property in the States.
- All documentation will be in English as that is Belize’s main language.
- Land taxes are only 1-1.5 percent of the property’s worth, which is a bargain when compared with many other countries.
A Few Things to Consider
Now that you have read the information about Belize, and seen the photos, there are some questions you might have. It’s not that simple. How about all the logistics involved in moving your furniture and belongings around? What about foreign real estate laws? Are they able to conduct escrow searches in Belize like the U.S. Are there any things that could go wrong?
Amazing Deals Available
You should know that buying real estate in any Latin American country, like Belize, is very different from buying property in the United States. Americans are prime targets for everything, from overpriced pricing to outright swindles. If you’re willing to make strategic moves, there are great deals on prime properties and homes.
Check Your Local Real Estate Company
Start by asking your local realty companies if they are in the country. It may surprise you to find out that Century 21 has been operating in Latin American countries for a while. You can usually go directly to their office to get many of your questions answered on the spot. Don’t ever work with any real estate company in Latin America without consulting a local bilingual lawyer.
You Might Consider Renting
Renting is an option when you move to Belize. It is very affordable to rent a nice home and you will have more time to explore the area at your own pace. Although fully furnished apartments and homes are readily available, you’ll be spending the majority of your time out and about exploring. You will be amazed at how much furniture you really need after the first year.
The Average Time To Buy Property In Belize
The buying process should not take more than a few days once you have found the property and instructed an attorney or real estate agent. A good estimate is between 30 and 90 days.
The job is done! Welcome to Belize property ownership!