Quality real estate agency 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. Belize is one of the top emerging destinations in the Caribbean & Central America Region. RE/MAX Belize is one of the leading Belize real estate experts. With over 100 agents and offices country-wide. If you are looking to own or invest in Belize Real Estate trust the team at RE/MAX Belize. Nobody in the world sells more real estate than RE/MAX! Find more information at Remax Belize.
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.
If you’ve bought land or a house in Belize, it’s likely you own the property outright with a fee-simple title. If you own a property with a fee-simple title you will have a physical copy of the land title from the Belize Department of Lands. A fee-simple title is the strongest form of property ownership and means that you own the “real property”. Belize is one of the few countries in the Caribbean & Central American region that allows for full foreign ownership with a fee-simple title.
A diamond in the rough, Caye Caulker is a hotspot for backpackers and budget travelers. This tiny island, fringed by mangroves and coconut palms, lies about 24 kilometers south of Ambergris Caye. In 1961, Hurricane Hattie divided the island in two, creating an area called the Split, which is now a small public beach. The area north of the Split is quieter and less developed. Travelers come here to completely chill out. Golf carts and bikes are the main mode of transport on the sandy streets, and the small guesthouses are rustic, but comfortable. Although Caye Caulker lacks the picture-perfect tropical island beaches some may expect, visitors can organize trips out to the reef to swim, dive, and snorkel. The Caye Caulker Mini-Reserve features nature trails with labeled flora and fauna.
Belize attractions and climate makes purchasing a house here a sweet idea. 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.
U.S. citizens traveling with a minor may be asked by Belize immigration officials to show U.S. birth certificates. When children and minors are not traveling with both parents, immigration officials (in any jurisdiction) often request signed documentation to establish the children are traveling with the permission of both parents. Examples of documentation may include notarized letters from the parent(s), custody or adoption papers, or death certificates in situations where one or both parents are deceased.
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.
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. See more info on https://remaxbelizerealestate.com/.
