Real estate opportunities Belize 2023 with RE/MAX: Growing Awareness & Tourism: Belize is at a tipping point and has just entered the world’s radar. The emergence of Belize has opened opportunities and further propelled investment. There are a variety of real estate opportunities and investment properties in Belize. If you’re considering making a real estate investment or buying a property in the booming Caribbean market of Belize, the team at RE/MAX is here to help. Learn how you can own and invest in Belize real estate and find your perfect property in paradise! See extra details at Remax Belize.
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.
Apart from all the natural jewels, Belize’s friendly people are one of its top assets with origins as diverse as the landscapes. Mayans; Mennonites; English; Creoles; Mestizos; and the Garifuna people, of mixed Amerindian and African descent infuse an evocative mix of cultural influences. Visitors can learn about the ancient Mayan culture at the many relatively untapped archaeological sites. Though the capital of Belize is Belmopan, Belize City is the gateway to the country. Most travelers fly in here and explore the surrounding attractions before departing for adventures further afield. Besides diving, snorkeling, and fishing, travelers can kayak lagoons, cave tube along subterranean rivers, hike through jungles and pine forests, view stunning wildlife in its natural habitat, or simply collapse in a hammock and relax in this tropical paradise.
Belize attractions and climate makes buying a property here a tempting idea. Imagine living permanently there… the joy. Many people often ask us why the Platinum Coast (West Coast) & Secret Beach is just beginning to undergo rapid development given its beautiful beaches and sunset views and the story goes back to when the island was first developed. As many of you already know, in a tourism destination the most coveted coast is almost always the West Coast because of the amazing sunsets. The island of Ambergris Caye was however originally developed on the East Coast to accommodate the reef and the fisherman who wanted to get out first thing in the morning to fish. The East coast of Ambergris Caye has been developed leaving the west coast to be forgotten, until now.
Visitors who are citizens from the United States and its territories, Canada, the United Kingdom and its territories, European Union, Caribbean, and Central American countries do not require any visas when traveling to Belize. For visitors driving/boating into Belize from Guatemala or Mexico, a temporary importation permit for the vehicle (boat or vehicle) must be secured at the point of entry. This permit is valid for 30 days. No specific immunizations are required for visitors to Belize.
Belize Real Estate Purchasing Process: The property purchasing process in Belize is similar to Canada or the US (countries with fee-simple titles). Before you purchase property in Belize or buy Belize real estate it is important to know and understand the process. Ambergris Caye real estate is popular due to the fact that the island and San Pedro Town is the country’s most popular destination with the highest level of growth. Let the Remax Belize team help you with your Belize property & Belize real estate search. We can help go over the different options and opportunities available in Belize.
With decades of experience in Belize Real Estate and working with RE/MAX Will has helped hundreds of clients find their dream homes or investment properties while personally being invested in numerous deals in this market. After years of experience in Belize and working with RE/MAX Will took on the role of “Regional Owner” for RE/MAX in Belize in 2019. Growing not only RE/MAX in the region but the global awareness of Belize. Find more details at https://remaxbelizerealestate.com/.