A Complete Guide To Buying Property In Belize As Minister Of Foreign Affairs

Get references, ask for names of people for whom the builder built, and talk to the owners for whom they built. Safety issues come naturally when moving to a place like Belize. On the one hand, buyers should be very careful when choosing an agent, as there is no licensing requirement to sell real estate in Belize. It can also be hard to find some U.S. or Canadian products, but Lyons says that’s one of the main reasons people live in the Caribbean: to escape consumerism. “If you can’t find him here, you probably don’t need him or there’s a replacement for him,” she says.

The condenser is outside and the blower and fan are inside. If someone is interested in coming to Belize and building a structure, whether it’s a vacation home in Belize or a permanent residence in Belize, they should do their due diligence. Corozal: In northern Belize, Corozal real estate is less expensive than previous options, while having similar pristine beaches. You can buy a home in Corozal for less than US$100,000, but if you can manage nearly US$150,000, you have a larger selection of homes to choose from.

I just wanted to give everyone some advice on buying land. If you have any other questions, you can always contact us here and I will be happy to answer all your questions. Before you buy, you may want to know if you qualify for the qualified retirement incentive program. If you are 45 years of age or older and have a stable income, you may be eligible for special tax and investment incentives. The Belizean government has set up the program to attract economically stable retirees and expatriates to the country.

Before making a decision, consult your legal and real estate advisors. Despite the relative ease of buying property here, it’s a good idea to get professional help. You may think you don’t need a lawyer for a direct transaction, but it’s always smart to have the advice of a legal expert when buying a property. Belize has made it easy for foreigners to move to Belize and buy property here.

The temperate beaches, sculptural mountains and low cost of living in Central America are like the siren song for Homer sailing in Greek mythology. But Jason is Belize Real Estate well aware that it would be easy to find financial disaster on those rocky shores. Local funding, while available, would not be a recommended course of action.

To purchase land, buyers must submit an offer to purchase that is usually accompanied by the payment of a deposit held in custody. Unlike many other Caribbean and Central American countries, foreign buyers are not required to obtain any kind of license or permit to purchase real estate in Belize, including land. There are certain types of land that you can’t buy or that you can only buy with certain restrictions. Nature reserves are a good example, although there was a time when this type of land could be sold without restrictions. Today, it can still be sold, but you would be prohibited from building certain types of buildings on the property. To get a better idea of how those fees and taxes apply to you, it’s a good idea to talk to your agent or a loan officer at the bank where you plan to look for a mortgage.

For episode #306 of The Creating Wealth Show, Jason sits on the beach in Belize to collect the brains of local real estate expert Mike Cobb. It’s one thing if you want to buy land for land banking, and you’re not going to do anything with it for 10 or 20 years. Your agent or the person you’re dealing with should be able to help you understand the location. You can ask them for a map of the area and say, show me exactly where on the map it is. And it’s gotten closer to the end and you can’t really get a clue where on the island.