Top commercial real estate offers today in Belize

Best rated commercial real estate offers Belize 2023: Relocation & Retirement: Belize is frequently ranked among the top retirement and relocation destinations. With retirement incentives like QRP and opportunities to gain residency off-shore. 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. Read additional info on Ambergris Caye 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, not all properties and real estate have “fee-simple titles.” A lot of condos will use Strata Title or Co-Op Share ownership which is a less desirable form of property and real estate ownership in Belize. When buying land or property in Belize, you will be shocked to learn how inexpensive and cheap the property taxes are. Most property taxes are 1% to 1.5% of their assessed value. What is even more appealing is that property or land assessments are usually far less than the actual resale value. For example, property taxes for land around Belize Secret Beach start at $75 per year. Property taxes in Mahogany Bay are $108 per year.

A paradise for divers and anglers, Turneffe Islands Atoll encompasses more than 200 coral islands surrounding a lagoon. It is one of three atoll reefs in Belize's waters. Seascapes here range from crystalline flats to creeks and lagoons. Corals shimmer in the clear waters, and the atoll is a nursery for many different marine species including grouper, snapper, trunkfish, and the famed bonefish, which lures saltwater fly fishing enthusiasts from around the world. In particular, the vast flats on the eastern side of the atoll are ideal for casting a fly line or snorkeling in the shallows. Divers will find some excellent wall and current dives around the atoll, and the varied marine life includes eagle rays, nurse sharks, dolphins, conch, and turtles. Most of the resorts in the atoll are specialized diving and fishing lodges, however visitors can pop over for a day trip from Belize City, Ambergris Caye, and Caye Caulker.

Belize attractions and climate makes buying a property here a sweet project. Imagine living permanently there... the joy. Purchasing Belize real estate and Belize real estate transactions are pretty straightforward and affordable. The stamp duty (property sales tax) is set at 8% for foreigners. The first $10,000 is exempt. There is no tax on capital gains and the property tax is very low. Due diligence is called for when doing a real estate transaction. Retain a lawyer, buy into an existing property and ask for a registered title before buying. You can also use title insurance to guarantee your ownership of the real estate property. After identifying the property to buy, make an Offer of Purchase. If it is accepted, be prepared to put 10% deposit down. There is also the 8% stamp duty. Attorney fees are 1.5-2%.

Do I Require a Visa to Travel to Belize? There is no Visa or Travel Visa required when traveling to Belize. When you enter Belize (by air, land, or sea) you are issued a tourist visa for 30 days. You can renew this visa every month at a local immigration office. Some countries have a maximum of 30 days without a visa and no visa is required for Belize travel. Please keep in mind that while a visa is not required, travelers to Belize must have: Hold a valid passport that is still valid for at least six months on entry; the passport must have one blank visa page; hold proof of onward/return flights; Hold all documents required for the next destination (if you are connecting to somewhere else); You may be asked for proof of sufficient funds relative to your intended length of stay.

Buying Belize Real Estate is very easy and the process is much like in North America (USA & Canada). Belize is one of the few countries in Central America & the Caribbean where foreigners enjoy the same property ownership right as nationals in land ownership and tenure. When a foreigner buys property in Belize, they own it outright with a fee-simple land title. The preferred practice of owning Belize real estate is through a fee-simple title which is clear title freehold ownership.

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. Read extra details at https://remaxbelizerealestate.com/.