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Belize Real Estate Services

Listing Service

Buyer Representation &

Buying Process

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Selling with CENTURY 21 BTAL

OUR TEAM of Real Estate professionals are dedicated to handling all your Belize real estate transactions as swiftly, and carefully as possible. We understand the complexity and are aware of the legal procedures to facilitate such a delicate process. Both the seller, and our professional agents share a similar goal; plan, execute, sell. Together, we will evaluate and recommend the precise strategy to enhance the marketability of your property.

 

Our team develops the most effective marketing strategy customized to each individual property portfolio. This then translate into the execution of a successful international and local exposure by utilizing the vast powerful resources of the CENTURY 21 system.

 

The professionals will aid to explain all necessary procedures and regulations, submit all written offers, assist with the negotiation process, and provide an estimate of your net sales proceeds so you may understand all implications prior to any acceptance.

 

To commence the selling process, prepare the following legal documents:

  • Title

  • Survey Plan

  • Tax Statement

 

Upon having gathered the mentioned documents, contact our office or any regional agent to schedule a communication date. Our agents will promptly respond to your request and contact you immediately.

Buying Service

Buyer Representation & Buying Process

CENTURY 21 BTAL holds the utmost dedication to our clients and guarantee professional representation. We aid to search, recommend, and facilitate the negotiation process to purchase at the right price. Our Team is well associated with the leading professionals of their individual industry: Surveyors, architects, attorneys, contractors, lenders, etc. Our aim is to provide our clients with representation to securing the right opportunities in acquiring a piece of the jewel, BELIZE.
 
The buying process in Belize is incredibly similar to the UK and US system. In Belize, once an offer has been formally accepted, a deposit is to be paid into escrow account which will include a binding Sales Agreement outlining the details of the accepted offer, payment schedule, and any other relevant terms and conditions of the transaction.
 
Usually, a period of 30 to 90 days is allowed for each party to conduct any relevant searches, due diligence, preparation of legal transfer documents, fund allocation, etc. before concluding the sale. Once the final payment has been made, the transfer of ownership documents will be executed for legal processing and thereafter the escrow account will be released for the seller’s access.

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  1. Request Offer to Purchase form.
     

  2. Submit Offer to Purchase form to the respective agent. This process may include a negotiation period with counter offers.
     

  3. Acceptance of Offer
     

  4. Sales Agreement drafted outlining the price, payment schedule, and terms.
     

  5. Security Deposit submitted into Escrow Account.
     

  6. 30 to 90 days for due diligence.
     

  7. Closing Date: Seller surrenders legal title and transfer of ownership documents to the Buyer; Buyer authorizes release of full payment to Seller
     

  8. Legal fees & Registration: Government Stamp Duty of 8% less US$10,000 of purchase price payable to the Government of Belize (Furnishings & Appliances deductible.) *Registration fees apply.

Buyer Representation & Buying Process

Land Facts

Belize has a fixed exchange rate because a stable currency is considered necessary for sustainable growth and development. The Exchange Control Regulations are essential for protecting the fixed exchange rate regime. Compliance with the Exchange Control Regulations ensures that foreign currency inflows are pooled and made available to meet the needs of the general public. Each resident contributes to safeguarding the fixed exchange rate through obedience to the law.

Laws Governing Land Transactions

When a non-resident with a resident is involved in any transaction relating to the transfer by way of sale, exchange, gift or mortgage of any land, buildings or other hereditaments situated in Belize, notification to Central Bank & permission for exchange of foreign currency is required. This includes: a) Any purchase of land situated in Belize from a resident to a non-resident, foreign national residing in Belize or a foreign company b) Any purchase of land situated in Belize by a resident from a non-resident.

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