Residential real estate offers today in Belize by Remax: Appreciating Real Estate Market: Year-over-year Belize real estate has seen exponential gains in terms of Real Estate appreciation. Belize real estate is still undervalued when compared to other destinations in the market. Our regional office is located in San Pedro Town on Ambergris Caye, Belize. If you are looking to secure your dream home in paradise or invest in one of the top emerging markets in the region, RE/MAX Belize Real Estate is here for you. Find additional info on Belize real estate.
Real estate transactions in Belize are in US dollars and use a US escrow agent or account (a US account or US intermediary is needed for any transaction in USD). The closing costs are paid by the buyer. The seller is responsible for the real estate fee and commission. All money is sent to a US escrow and a closing company releases funds upon closing. When an offer or sales agreement is submitted a down payment for escrow is required. If it’s a cash sale, it will be the entire balance on the property which will go to escrow during the closing process. If it is a financing agreement, the down payment (20% to 25%) will be sent to escrow during the closing process.
In Belize, when you buy land that has a title, the original or certified copies of Belize land documents registered with the Lands Department are issued as proof of ownership. The land title will have either the owner’s name or a corporate entity (like Chapter 250 or IBC). In Belize, for a land transaction to take place proof of ownership is required. The Closing Company and Real Estate agent will request records for the land with the Department of Land and Survey. This office provides information on who the land title is registered to (the owners), whether it is held in a corporation or individual name, and checks if there are any restrictions on the use of the land. They will also ensure there are any liens or encumbrances on the property.
Nestled in lush jungle on the banks of the New River, Lamanai is the most famous archaeological site in northern Belize and one of its largest ceremonial centers. Lamanai means “Submerged Crocodile” in the Mayan language, and images of crocodiles have been found on the excavated buildings, pottery, and figurines. Traveling to the site is an adventure in itself. An hour boat ride up the New River provides frequent wildlife sightings, and the dense jungle lends a wild feel to these ruins, which are still not completely excavated. Lamanai was occupied the longest of any Mayan site. In the 16th century, the Spanish found a thriving community here, and the ruined churches reveal attempts to convert the Maya. The archaeological site features more than 900 structures as well as a museum with exhibits of pottery, obsidian, figurines, and jade jewelry. Highlights include the Mask Temple, Temple of the Jaguar, and the High Temple, which visitors can climb for panoramic jungle views.
Belize attractions and climate makes purchasing a house here a tempting idea. Imagine living permanently there… the joy. The most developed spot is Ambergris Caye, which is the largest Island. Properties on the beachfront can be found for affordable prices starting $290,000. You can find even cheaper prices a short distance from the beachfront. For example, $199,000 will get you a two-bedroom, one-bath condo on 750-square-feet. If you are looking for good value real estate, Belize is the place to buy. If you are looking to buy land to develop on or hold out for property appreciation there are a number of options for affordable real estate in Belize, for more information about Belize property prices and the affordability of buying and living in Belize contact Will Mitchell at REMAX Belize Secret Beach.
Visitors and travelers to Belize from the US & Canada will learn how easy travel to Belize really is. Canadian & American travelers must possess a passport valid for a period of a minimum of 30 days if the person is not traveling in transit to a third country that requires six months validity. This is attractive to many tourists as North Americans visiting Belize are only required to have a passport for 30-day validity. In addition to a valid passport, tourists visiting Belize must have a return ticket with sufficient funds to cover their stay. When arriving in Belize, visitors are given a one-month stay, after which an extension can be applied for with the Immigration Department. Most of the top destinations and municipalities have a local immigration office that can renew tourist visa. For example in San Pedro & Ambergris Caye, the office is right across from the Tropic Air terminal.
Foreigners can own property in Belize as an individual or through a Belize Chapter 250 (Limited Liability Company) or with an International Business Company (IBC). A property (like Belize land) will have a title that would be issued by the lands department. Condominiums in Belize are purchased through a “Strata” title or co-op share ownership. There are a few types of property ownership in Belize and it is important to learn the differences.
There is a reason why RE/MAX is the most trusted name in Real Estate, and why RE/MAX Belize is the most trusted name in the region. Whether it’s buying your vacation home, finding an investment property, planning your retirement, or securing your piece of paradise on Ambergris Caye, buying and selling property are important decisions and large investments. Choosing the right partner in your real estate transactions is of the utmost importance, especially when investing offshore. You need someone you can trust with experience and industry knowledge to guide you. Find more information at https://remaxbelizerealestate.com/.