Belize is one of the best places on earth to purchase real estate. The Belize real estate market is booming, the lifestyle is slow and relaxed, and there are some incredible properties with amazing views. A desire to live more simply has prompted many people to consider purchasing Belize real estate of their own.
If you’ve been thinking about purchasing property and calling a piece of Belize your own, we’d like to share a few tips on how to find the perfect home in this Caribbean wonder.
Consider Your Vision
It’s easy to daydream about living in Belize, but it’s often surprising just how much this vision varies from buyer to buyer. Before even looking for real estate in Belize, it’s important to know what type of property you want and why.
For example, developments have been going up in Ambergris Caye that offer more of a residential feel. If your goal is to sit back, enjoy the breeze and live a life of tropical luxury, these developments offer comfort and a feeling of familiarity to those accustomed to living in residential communities.
On the other hand, your dream of Belize might include a hammock under the trees of your own orchard with a few livestock grazing in the back acres. There are real estate options available to make any dream come true, just make sure you take the time to consider the pros and cons before you commit.
Learn About Financing
Foreigners do have a few options for financing a property in Belize. Compared to home prices in the United States, Belize homes are an exceptional value. Owning a luxury is home is often within reach of buyers with more modest incomes. Occasionally, an investor comes along who can pay cash up front, but more often than not, financing is needed.
Knowing up front that foreigners have a better chance of securing a great rate on a loan using a lending institution in their home land is important. Some Developers have financing available with Belize banks however this is not the case with private sellers. It is possible to find a seller willing to finance but proceed with caution and always work with an attorney before considering such an arrangement.
Connect with a Belize Real Estate Agent
You’ll undoubtedly have plenty of questions along your journey to find the perfect home in Belize. A real estate agent can serve as your one stop resource for answering questions about the buying process, taxes and fees, while working to connect you with the property that you’ll love.
There are also some real estate scams that prey on the naïve. While these scams aren’t common, they do happen and someone who is knowledgeable about the industry can help protect you and your assets.
Whether you’re looking for a vacation home, retirement home or your forever home dream property, we’re the real estate agents you can trust. Our listings of RE/MAX properties for sale has something for everyone and every budget. Contact RE/MAX Island Real Estate today and let us help guide you through every step of purchasing real estate in our little piece of Heaven.