1440 Coney Drive, Belize City, Belize District; Monday - Friday 8:00 - 5:00 +501-223-3605; . You can also choose the option to commence construction before the 36 months has elapsed but you must have built up equity in the land for an amount equal to or greater than 10% of the value of the property( land and proposed building). This is from credit unions and government affiliated lending institutions such as the Development Finance Corporation and the National Bank of Belize. Please enter your username or email address. This new community of 44 luxury waterfront residences in the sought-after and established Yacht Club neighborhood of Grand Cayman epitomizes the exclusivity of life in the Cayman Islands. The collateral can be cash or another property that you already own in Belize. However, if you were to use the funds from a self-directed IRA account to buy property in Belize, please note that while the house can be rented to others, you cannot rent it to members of your own family (apart from your siblings). depreciation, capital gains, tax-deferring exchanges) can hold rental real estate in an IRA to avoid taxesprovided the investment has not been distributed to the IRA owner. In this setup, the seller essentially acts as the bank, with terms set at 30 to 40 percent down, 5 to 10 percent interest, amortized over 5 to 10 years with a 3- to 5-year full balloon payment. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Its a haven for those who like their boats, with a full-service marina on tap in the yacht club. List your property and get it sold! The test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies. This cookie is set by GDPR Cookie Consent plugin. Alternatively, you can seek financing back homea great option if its easier for you to find a line of equity stateside. In addition, the rental income from an offshore Belize real estate IRA is deferred and can be made tax-free if purchased using a ROTH IRA. Its really easy to get a loan in Belize provided you are willing to provide sufficient collateral. Financing Considerations | Building in Paradise | Upkeep | Latest News. One of the big advantages of offshore lending over domestic lending is that you can choose the currency of your loan. Belize is one of the most beautiful countries in the world with stunning beaches, friendly locals, stable government and a growing economy. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. This cookie is set by GDPR Cookie Consent plugin. Forward-looking statements by their nature address matters that are, to different degrees, uncertain and actual results could differ materially from those presented. These lots in Grand Mayan Estates have appreciated quite well over the years, and now were starting to see the area explode with new homes. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. This manicured land has its own unexplored Maya site to the back and a beautiful freshwater stream running through the property. When you purchase a property in Belize you will own it outright as a freehold. Owning land as a freehold or with a fee simple title allows you the ability to live in, lease out, possess, or bequeath the land as you see fit. Repayment of your land loan should be completed in 36 months. The banks take about 4 weeks to evaluate your application. Balam Jungle 9,989.32-Acre Parcel with 3 Mls(+/-) Seafront on the Corozal Bay, Income Producing 25 Acres Coconut/Lime Farm with Hilltop Homesite and Two Ponds, 0.16-Acre Lot Along George Price Highway 1/4 Mile to Chetumal St., BELIZE CITY, 55.73 Acres with Orchards and Stunning Hillside Views on Billy Barquedier Creek, 56.64-Acre Property, Mile 27, West Side of the Coastal Road, BELIZE DISTRICT, 75 x 100 House Lot for Sale in Vista Del Mar, Ladyville, 556-Acre Sea & River Front Land along the Rio Hondo & Bay across from Chetumal, 1,923 Acres of Raw Land with almost 1 mile of Lagoon and Creek Frontage, 21 Acres along the Phillip Goldson Hwy. 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Offshore Financing. On the spectacular northern coast of the Dominican Republic, alongside El Choco national park, 10 minutes from the beaches of Sosua and Cabarete and 15 minutes from Puerto Plata International Airport, there is the opportunity to buy a custom-built home within a beautiful 25-acre residential community. As of the last couple years, Secret Beach has become one of the most popular hangouts for tourists and locals alike. The land has access to mains electricity and for . The Belize Bank Limited (BBL) is the largest full service commercial banking operation in Belize providing a range . This article was originally published in Issue 8 of The Caribbean Property Investor Magazine. There are many reasons to considerbuying or building a home in Belize. Finance options are also available to qualified second home and investment buyers via local, private banks. We have access to exclusive owner and developer-financed opportunities. You can build an off the grid home to rent or vacation in or both. This cookie is installed by Google Analytics. The best time to apply for a loan is from November to April as thats when banks are under a lot of pressure to meet their lending targets. Secret Beach is one of the most popular places to visit while on the island. If everything is as it should be, you should get your Residential Loan in good time. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. Tick. Regardless of your reason for consideringBelize Real Estate, you are sure to enjoy the countrys warm climate, beachy aesthetics, and friendly locals. And its a location that makes life easy for home-owners, with first class leisure and lifestyle facilities such as a tennis court, fitness studio and BBQ pavilions on the doorstep. This means you will have to post collateral worth 40 percent of the property with them. AFFORDABLE COLONIA SAN DIEGO LOT $29K USD, Side by Side Lots in Grand Belizean Estates, Main Road Investment Parcel Grand Belizean Estates. Read more: Homes for sale with financing in Ambergris Caye, Belize View similar properties: Belize real estate. Mahogany Bay is attractive for a number of reasons; A proven model of generating nightly rental income. No matter your residential preferences, buying vacant land in Belize is the decision that you wont regret. Please refer to the PPM for a more thorough discussion of the risks related to an investment in the Fund. This pre-construction sale offering of 48 super studio condo units is considered one of the premier developments in Kingston 8. Tick. Along the beach you will find several bars, restaurants and now AirBnBs. The three-bed condos are generously sized (1,529 to 1,897 square feet), with open-plan interiors, and the communitys residents enjoy use of five pools, a clubhouse, and running and walking paths overlooking the Caribbean Sea. The seller-finance loan agreement is filed along with transfer and deed forms with the lands department in Belize to protect both buyers and sellers. The information contained herein is for general information purposes only and does not discuss the risks associated with real estate investments in general or with respect to an investment in the Fund. The cookie is used to store the user consent for the cookies in the category "Analytics". By far the most convenient and popular form of real estate financing in Belize is owner financing (aka seller-carried) where the seller offers owner financing to the buyer of the property offered for sale. Click on the Belize lots/land for sale listings below to learn more and get in touch with the sellers privately. A Residential Loan can be used to finance a land purchase, purchase of a house or for building your own house. When your land loan is executed you will be presented with a Pre-approved Mortgage Certificate for the amount the Bank will be prepared to lend you for the construction of your home. We work with a small group of carefully select . VISTA Real Estate Ltd - All Right Reserved. You can rest assured knowing our experts will be by your side, even after your purchase is complete. While youre building your equity and on your way to owning your land outright, you can start planning the construction of your home. It also helps that there are a number of great options for financing your property in Belize. For more great advice on buying property in Belize, do get in touch with WILL MITCHELL of REMAX Belize Secret Beach. One of the most popular methods of Financing in Belize is where the seller carries terms. We're not around right now. You can apply for a Residential Loan at any of these banks. Waterfront. Read more: Condos for sale with financing in Akumal, Mexico View similar properties: Riviera Maya real estate, Condos for Sale, Akumal, Riviera Maya, Mexico. there are no set terms, every seller is different and the terms are negotiable. Purchase Land For Sale In Ambergris Caye, Belize Today! Two- and three-bed condos (starting at US $323,000) set on the lake that runs along the golf course have obvious lifestyle appeal, but they also offer investment sweeteners including access to a property management service and rental program, and various payment options for buyers that all come with developer financing. Owner financing depended on the financial needs of the owner and several years ago, a "10/10/10" deal - 10% down, 10% interest, 10 year amortization was not uncommon. With an unparalleled understanding of the Belize Real Estate market, we can help you to find the property of your dreams. Are you considering investing in a property in Belize? All statements made and description of documents referred to herein are qualified in their entirety by reference to the PPM. Sign up to receive Belize email newsletters and be the first to learn about off-market listings, open houses, exclusive events, research & market reports, and more. And we will ensure EVERYTHING gets done right and the process is as easy for you as possible. Finding your dream Caribbean property is the first, and most fun, part. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Lot 8109 is no exception. The 60-acre resort, whose facilities include a 15,000 square foot Miami-style pool and private beach club, offers exceptional value with its two- and three bedroom townhouses and family homes managed by one of the worlds largest hotel operators. Vacant Land Provides The Blank Canvas You Need To Create Your Custom Paradise Oasis. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. [], New Grand Belizean Estate Lots have come on the market. But whats the best way to finance your property purchase in Belize? Lots/Land For Sale in Belize Showing 1 - 20 of 34 lots/land for sale in Belize. We take a look at some of the best property investment options with financing available for qualified buyers. Purchase a property in Belize process is as it should be, you can seek financing back great., friendly locals, stable government and a beautiful freshwater stream running through the property with.... Exclusive owner and developer-financed opportunities collateral worth 40 percent of the Caribbean property Investor Magazine own,... Used to determine if the user Consent for the cookies in the yacht club cookie stores information anonymously assigns. Stores information anonymously and assigns a randomly generated number to recognize unique visitors developments! 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