Your Guide to Buying Property in Belize – By Kristian Guerrero
Investing in Belize real estate is an exciting opportunity. Whether you’re dreaming of untouched undeveloped land to build on, a luxurious beachfront home, or a turnkey vacation rental that pays for your margaritas – Belize and Ambergris Caye will have something for you. However, before you start envisioning yourself sipping rum with coconut water in a hammock, it’s important to understand the property purchasing process. That’s where I come in. Hi, you may remember me from other write ups like The Belize Buying Process and How To Live As The Best Looking Agent On The Island – My name is Kristian Guerrero and I’ll be your guide 🙂
Financing When Buying Property in Belize – Bring Your Wallet (And Maybe a Suitcase of Cash)
If you’re used to getting a mortgage at the bank with a friendly smile and a cup of complimentary coffee, let me stop you right there. Traditional financing for foreign buyers? Not a thing here. In Belize, properties must be paid in full at closing—there’s no bank financing to stretch payments out over 30 years.
However, if your bank account isn’t feeling particularly plump, some sellers may offer owner financing, typically with:
• 50% down payment (Because no one likes a free ride.)
• Interest rates ranging from 6% to 10% (Cheaper than your credit card, at least.)
• Loan terms between 2 to 3 years (A short but sweet relationship with your lender.)
If those terms sound too tight, then it’s best to plan ahead and ensure you have the funds ready to go.
Closing Costs and Legal Considerations – Because Even Paradise Has Paperwork
Before you start celebrating your new island investment, don’t forget about the closing costs—because even in paradise, taxes and fees exist. Here’s what to expect:
• Stamp Duty: A one-time 5% government transfer tax on properties valued over $10,000 BZD (Think of it as Belize’s “Welcome to the Club” fee.)
• Legal Fees: Typically 1.5-2%, but if you’re working with RE/MAX Island Real Estate, you get a preferred rate of 1% with top attorneys like Emil Arguelles & Ashanti Arthurs Martin (Yes, VIP treatment included.)
• Inspection Costs: A professional home inspection will set you back $600 USD—because “oceanfront views” shouldn’t include a leaky roof.
• Land Resurvey: If needed, a licensed surveyor will confirm your boundaries for about $500 USD—because you don’t want to accidentally build your dream deck on someone else’s land.
The good news? Belize offers a straightforward property transfer process, and with an experienced real estate professional by your side (hint: that’s me), you can navigate every step with confidence.
Why Work with RE/MAX Island Real Estate?
Real estate in Belize isn’t just about buying a property—it’s about securing your dream lifestyle. As a seasoned real estate expert, I’ve helped countless investors and homebuyers avoid the generic pitfalls, get the best value, and find properties that truly fit. Plus, I make the process as stress-free (and even fun!) as possible.
And while I’m already tall and good-looking and somewhat hilarious, I can promise you this: after a few celebratory mojitos when we close your deal, I’ll seem even taller and better-looking. That’s just a scientific fact.
Whether you’re looking for an income-generating vacation rental, a retirement escape, or a smart investment, I’m here to help you make it happen—without the headaches.
Ready to explore buying property in Belize? Contact me today, and let’s turn your Belize real estate dreams into reality!
