“Simplicity is the ultimate sophistication.”
Belize is an irresistible sub-tropical country located on the eastern coastline of Central America facing the Caribbean Sea. The total land area of Belize is 8,867 Sm, about 50% of inland Belize is covered by forest. Along it’s 386 km coastline, Belize is home to the largest living Barrier reef in the Western Hemisphere making it the second largest living Barrier Reef in the world.
The possibilities are endless in Belize, a true destination that caters to many different lifestyles. Belize offers both inland and offshore experiences and adventures being home to Cayes, Archaeological sites, National parks and Marine reserves.
Whether you’re in the cities, villages or on the islands; picking up a new hobby is sure to happen…
Buying Real Estate in Belize
The acquisition process of real estate in any country must be processed securely and methodically. The transaction commences upon the formal acceptance of an offer to purchase via the execution of a binding purchase agreement. This commences the due diligence period of which the Buyer receives authorization to conduct proper inspections and/or testing if required. The buyer’s attorney conducts proper title searches to verify legalities as well as prepare transfer of ownership documents to be executed by the seller. The ‘closing date’ is considered the date set for surrendering full ownership and/or possession, when the final exchange of consideration and legal completion of a transaction is completed. Seller Financing is also a common practice in Belize.
Closing Costs:
Purchase Price
Legal Fees: 1% of the purchase price
Stamp Duty Tax: transfer of ownership tax payable to the Government of Belize upon submission of Transfer of Ownership
8% less the first US$10,000.00
Courier Fees: if applicable