|
If you would like to purchase any of these properties immediately, simply email us to make arrangements and sign a purchase contract, thereafter a 10% earnest money deposit is required to secure the transaction. Within days the title will be ready for transfer into the new ownership, at this time the balance of the purchase price will be due and upon receipt of the funds, it will take the Government Lands Department 3 to 4 weeks to complete registration of your title.
When buying a Belize property all buyers are responsible for paying the Government stamp duty, which is applicable to all land and home transfers. This is a 5% charge on the purchase price with an exemption of the first $10, 000 USD of your purchase. This is the same percentage paid by Belizeans and foreigners.
In some cases there may be additional costs and would be based on your purchase transactions and required needs.
How does buying your new property works in Belize?
1. Deposit/Earnest Money – normally 10% of your purchase price or less based on the purchase value of the property.
2. Stamp Duty- 5% of the purchase price and payable prior to the transfer of titles. The first 10,000 USD is exempted from tax.
3. Registration Fee - 30$ BZE for registration of the new titles and payable by the buyer to the GOB. Also included in your privileges when employing Arabella Chambers Limited to represent you as your buyer Agent/Broker.
4. Closing Costs – In our duty to provide you with all required services related with your purchase. Our brokerage will carry through the followings for you
a) Carrying out of title search
b) Preparation of transfer of documents
c) Follow through all steps of the transfer process
d) Ensure that the correct amount of government “stamp duty” is assessed
e) Payment of the registration fee
f) Provision of your title under the new owner’s name,
g) And guide you in following responsibilities you will have to yearly schedule as new property owners. Ex: yearly due property tax payment date and/or where you should ensure that your new ownership is registered and know by the municipalities.
5. Bank Charges - In the event that funds are wired into the firm escrow account. An Additional charge for the receipt of your sent funds will be applicable and provided to you by your agent.
6. Express Mail – Buyers requiring that legal contracts, titles and/or any important documents be shipped to their residing address, if outside of Belize are responsible to pay the shipping cost involved and which are based on their locations and costs charged by the carrier.
If this property is not exactly what you’re looking for please feel free to email us with your particulars of you’re ideal home and/or parcel of land. We’ll work towards finding you that perfect piece of Belize at a great cost. For a quick access to our easy fill in form, visit our “Home Search” page, specifically design with you in mind.
We look forward to representing you!
BELIZE LAND LAWS - BELIZE HOME BUILDER - HOME EVALUATION
BUYING BELIZE PROPERTY - ARABELLA MAYAN ESTATE - CHATEAU NORLAND ESTATE
|