Residential real estate offers in Belize right now with Remax: Appreciating Real Estate Market: Year-over-year Belize real estate has seen exponential gains in terms of Real Estate appreciation. Belize real estate is still undervalued when compared to other destinations in the market. 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! Read more info at Belize real estate.
You also want the Closing Company to look over the proposed purchase agreement, making sure the information is correct and ensuring it’s in full compliance with the local and governing laws of Belize. A Closing Company is particularly important if you are choosing to finance a property with the seller because a payment processing company is often needed. It is also common in Belize for a closing company to use an Escrow Agent and/or Escrow Account. This helps to protect the buyer and the seller during the real estate transaction. Since most real estate transactions in Belize are done in USD it is common for the Escrow Account to be in the US and with a US Bank account.
Belize allows for full foreign ownership and freehold property ownership. Property purchasers can take title to freehold property in Belize in three different ways. They are: Deed of Conveyance; Transfer of Certificate; Land Certificate. Owning land or Belize real estate with a fee-simple title is the strongest form of property ownership. A Fee-Simple Title and Freehold Ownership is the highest possible form of property and land ownership. It means that you own the property outright.
The Mountain Pine Ridge Forest Reserve offers a soothing contrast to the tropical humidity of the coast. The higher elevation here keeps daytime temperatures cool and offers a welcome respite from mosquitoes. Hiking among the pine forests, visitors can explore cool gushing rivers, waterfalls, pools, and caves, although in recent years, the pine beetle has devastated many of the trees. One of the top attractions within the reserve is the Río Frio Cave & Nature Trail, once used by the Maya as burial grounds. A river runs through the center of the cave. At the Five Sister Falls, five cascades spill into a beautiful pool. For a refreshing dip head to Río On Pools where small waterfalls connect a series of pools carved from granite boulders. The slabs of rock are great for basking in the sun after a swim. Also called Hidden Falls, Thousand Foot Falls are surrounded by hiking trails. Visitors can enjoy beautiful views of the area from the observation platform here.
Belize attractions and climate makes purchasing a house here a tempting thought. 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.
If you will be staying and visiting Belize longer than 30 days, you will need to visit an Immigration Office to extend your stay in Belize. Most towns and destinations have a local immigration office that can facilitate the process and renewal. The permit required to extend your stay in Belize beyond 30 days is the ‘Belize Visitor’s Permit Extension.’ All U.S. citizens traveling to Belize must have a valid passport. Belize does not require US Passport Holders to apply for or have a visa. There are no visas required for citizens of the United States for tourist visits of up to 30 days.
Foreigners can own property in Belize as an individual or through a Belize Chapter 250 (Limited Liability Company) or with an International Business Company (IBC). A property (like Belize land) will have a title that would be issued by the lands department. Condominiums in Belize are purchased through a “Strata” title or co-op share ownership. There are a few types of property ownership in Belize and it is important to learn the differences.
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. Find extra info on remaxbelizerealestate.com.