One of the most popular methods of Financing in Belize is Owner Financing. This is where the developer/seller carries the terms and essentially acts as the bank, negotiating with each potential buyer on down-payment, interest, amortization and full balloon payment. There are no set terms; every seller is different and the terms are uniquely negotiable. Our experienced developer can offer Owner Financing to potential owners on a case-by-case basis to help facilitate the process of purchasing your dream home in Belize.
For those seeking a more traditional financing option with your purchase, we can assist you by providing both in-house legal advice and an introduction to professional and highly respected Belizean-based Attorney and Notary Public who would be able to help you navigate the intricacies of purchasing real estate in Belize. The national language of Belize is English, making it relatively easy for most foreigners to manoeuvre; however, it is still recommended that a legal professional be attained to help guide you through the buying process and answer any question you may have when purchasing your home.
It takes approximately one month to close a real estate deal in Belize, with closing costs of ranging from 5 to 10%. This includes stamp duty (transfer tax), attorney charges and value-added tax. Property taxes in Belize are quite low and can be verified by your realtor when purchasing. With no estate or capital gains tax, Belize proves to be an excellent investment opportunity for those seeking to own a piece of paradise in Central America.