Belize has become an extremely popular choice for expats. It offers a laid-back pace of life, beautiful weather and majestic scenery. Finding homes for sale in Belize isn’t always easy, however. Due to its popularity, coupled with affordability, homes typically don’t stay on the market for long.
There are ways to find hidden gems for sale. You just need to have the right game plan in place. In this article, you’ll discover how to find the perfect Belize property for your lifestyle and your needs.
Choose Your Area Wisely
Some areas of Belize offer more affordable properties than others. For example, in Caye Caulker, you’ll find some beachfront homes for sale for under $200,000, and non-beachfront properties for as low as $100,000. This affordability is one of the main reasons why it’s so popular with expats.
If you want to snag a real bargain, try to find a property in an area with fewer expats. The more popular the area is, the more likely properties will get snapped up quickly. Corozal and San Ignacio are two quieter areas you may want to consider.
If you’re planning on renting out your new Belize property, however, instead of avoiding areas with a lot of expats, you’ll want to target them. Buying homes for sale in Belize and renting them out can be a real profit earner. In fact, many people use the additional income to pad their retirement savings accounts.
Choose A Real Estate Agent You Can Trust
Like any country, Belize is home to a few real estate scams. As such, it’s important to ensure you are choosing a real estate agent you can trust. Always read online reviews from previous customers. If there aren’t any, this should act as a clear red flag you could be dealing with a scam.
ReMax is one of the most respected realtors in Belize. We’re rated 4.9 out of 5 on Google by our customers. When you see ReMax homes for sale, you know they’re 100% legitimate.
Enjoy Easy Transactions and Low Property Tax
English is the primary language in Belize, which means all contracts are easy to understand since you do not have to deal with translations and communication barriers.
Belize also has relatively low property tax rates, which clock in at 1%-1.5% of the assessed value. The actual rate you will pay is contingent upon the type of property you purchase. There are further tax benefits if you’re planning on retiring to this tropical oasis. And in some instances, you may even be able to qualify for tax-free living. Real estate transaction fees are also lower than many other countries.
If you’re interested in purchasing property in Belize, contact RE/MAX Island Real Estate today. We’re experts in everything that Belize has to offer, and can help you navigate through the complexities that are often associated with purchasing a home abroad.