Real estate experts in Belize from RE/MAX: 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. 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! Discover extra info on Belize real estate.
Once all the legal processes and closing have been completed along with a title search and closing documents. The legal documents are signed by all parties and original copies are sent to the purchaser. With a financing agreement, the seller will carry the note on the property (similar to a bank in the US). If it is a cash sale agreement, all original documents will be sent to the purchaser (the new owner of the property). If the property is not in an IBC there is a one-time Stamp Duty Fee of 8% paid to the Government of Belize (GOB). Stamp/Transfer Tax is a tax of 8% on the total sale price and the Government of Belize gives you the first $10,000.00 USD exemption. GOB reserves the right to reassess the Stamp Tax and if they feel you paid too little for the Belize property, if this is the case the purchaser will require you to pay the difference.
When buying Belize Real Estate, it is advised to work with a Belize Real Estate agent and Closing Company. When buying land or property in Belize the real estate agent will draft a formal offer of purchase or agreement of sale and present it to the land owner. The Belize real estate agent will require the full name and address of both the “Purchaser” and the “Seller” with the legal name of the property (Lot Number & Parcel Number). The property will have an identification number which is given by the Department of Lands and Survey Office. Standard land and real estate agreements include a property title search.
Cockscomb Wildlife Sanctuary is a haven for nature buffs. The mountainous tropical forest here protects an impressive array of wildlife including jaguars, ocelots, pumas, anteaters, tapirs, monkeys, and snakes, although sightings of the cats are rare. Birders will also love it here. Toucans and scarlet macaws are among the 290 species recorded in the preserve. The best way to explore the sanctuary is on the extensive web of trails. The Waterfall Trail is one of the most popular with a cascade and swimming hole, while Ben’s Bluff Hiking Trail is more challenging but offers rewarding views of the basin. Guided tours are also available. Be sure to wear protective clothing and take plenty of water.
Belize attractions and climate makes buying a property here a sweet project. Imagine living permanently there… the joy. One of our most common questions is ‘Why Buy Real Estate in Belize?‘ and ‘Why Should I Visit Belize Over Other Topical Destinations?’, once you visit the country you will see why thousands are flocking to the tropical paradise and the island of Ambergris Caye. Buying a second home in Belize is viable investment idea as well as a sensible tax reduction step. You are exempt from capital gains tax if you have lived in the home for 2 years before selling. If you take out a mortgage in Belize, you can deduct mortgage interest and property taxes from your tax liabilities. There are a number of great Belize properties available throughout the tropical country of Belize, many of which are perfect vacation properties. If you are looking to buy or invest in Belize real estate contact Will Mitchell at Belize Secret Beach.
Belize is a very easy country to travel to and US & Canadian travelers do not require any visas when traveling to Belize. Actually, most countries and passports are able to travel to Belize freely and without a visa for 30 days. If you are visiting Belize as a tourist, you do not require a visa. When you enter Belize, you are issued a 30-day tourist visa in your passport. If visitors planning to stay longer than 30 days, they must have their passport re-stamped by a local immigration office. If you are extending your Belize stay longer than 30 days, the passport must be issued a new stamp, and pay an additional fee for every additional month they wish to stay. Visitors are able to continue to renew their tourist visa if they want to stay in Belize, without restrictions on length (as long as they get their visa renewed).
Before buying in Belize, make sure you know the area that is best suited for you, your lifestyle, and your investment goals. Check out the different areas and districts in Belize; Ambergris Caye, San Pedro, Caye Caulker, Cayo, Placencia, etc. Belize has a robust landscape from the island beaches of Ambergris Caye to the jungle mountains of San Ignacio. When searching for Belize property, decide what is most important to you; the beach, mountains, inland, river, etc.
Since first coming to Belize in 2015, Dustin has watched the country grow substantially over a short period of time. Being part of that growth and having an impact on the community has been one of the true joys of working in Belize. Dustin & Will have won numerous personal and team awards with RE/MAX and within Belize. Dustin’s in-depth market knowledge has propelled his real estate career in Belize. Working with hundreds of clients from around the world with buying property in Belize and securing off-shore investments. Read extra info at remaxbelizerealestate.com.