Belize, Central America information, Belize Property for Sale, Belize Real Estate Listings
If you are considering purchasing a property in Belize buyers have three main choices; buy through an agent located in Belize; buy through an international agent with contacts throughout Belize; buy from an owner with re-sale property in Belize.
Belize has a wide range of properties for sale by owner from the simple one bed apartment to the large beach hotel suitable as an investment. Irrespective of choosing to buy through an agent or the owner, purchasers should always consult a lawyer who has a high level of knowledge of real estate law in Belize.
Once a property has been chosen a 10% deposit must be paid, which takes the property off the market. It is the duty of the lawyer to ensure that a title for the property actually exists since there are unregistered properties in Belize. The lawyer is responsible for performing due diligence. It is typical for the buyer and seller to have separate lawyers. The lawyer will consult with the owner and establish the exact nature of the legalities.
It can also be possible to work with an International Real Estate Consultant who will act as a negotiator between the owner and the buyer and can save significant commission costs.