The island has one of the Caribbeans hottest emerging real estate markets, offering a good value alternative to Cancun or Cabo San Lucas. And we will ensure EVERYTHING gets done right and the process is as easy for you as possible. Does it make sense to rely on a realtor halfway around the world to purchase property in Belize? There are three banks in Belize that offer Residential Loans to expats or international investors. Whether youre looking for an investment property or to relocate to Belize full or part-time, our concierge services will support you every step of the way. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. The information contained herein may constitute forward-looking statements that is, statements related to future, not past, events. However, unlike other realtors in the area, we didnt let this hold us or our clients back. Professional property management in place. Finding your dream Caribbean property is the first, and most fun, part. Regardless of your reason for consideringBelize Real Estate, you are sure to enjoy the countrys warm climate, beachy aesthetics, and friendly locals. For example, while the property in your IRA can be rented to others, you cant rent it out to family (siblings are an exemption, strangely enough). Most foreigners purchasing real estate pay cash from their own money, or borrow funds in their home countries where interest rates are lower. Finance options are also available to qualified second home and investment buyers via local, private banks. The developer has negotiated preferential interest rates, with an attractive prime lending rate during the construction period and a favorable fixed rate for two years after completion. 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. It does not store any personal data. We will walk you through every step of the property purchase process. One of the most popular methods of Financing in Belize is where the seller carries terms. There are three ways to receive financing for buying real estate in Belize: 1) local financing; 2) offshore financing; 3) owner financing. This pre-construction sale offering of 48 super studio condo units is considered one of the premier developments in Kingston 8. Neither the Fund nor any of its affiliates provide tax, legal or accounting advice. Make no mistake investing in Belize property is a smart move which will make you a lot of money over the years, in rental income and as a big profit when you sell the house in the future. This group is for any owner financed properties in Belize. Belize has one of the most affordable property markets in this part of the world, and the government has done its bit to attract property investors by providing them with excellent incentives such as no taxes on any property purchase by qualified seniors or retirees. Once youre pre-approved, you can begin shopping for your land. Under the IRSs self-directed IRA rules, contributions to self-directed IRA accounts can be used to purchase real estate (commercial, residential, or raw land) both inside and outside the United States. Looking for a buy and hold opportunity? We work with a small group of carefully select . This subdivision has become all the buz Parcel 6775 measures approximately 60' x 80'. 7 Caribbean homes for sale with bank or developer financing for qualified buyers. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. That too. Down payment requirements are still high as most offshore banks lend at a maximum of 60% LTV. Please read the PPM and the attachments before making an investment decision. It allows the website owner to implement or change the website's content in real-time. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. Im here to help you out with any questions you may have about real estate financing in Belize. But it neednt just be a dream that can be enjoyed by the cash-rich as local lenders come to the fore with competitive deals to attract overseas buyers. Analytical cookies are used to understand how visitors interact with the website. . This cookie is set by GDPR Cookie Consent plugin. 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. AFFORDABLE COLONIA SAN DIEGO LOT $29K USD, Side by Side Lots in Grand Belizean Estates, Main Road Investment Parcel Grand Belizean Estates. Are you considering investing in a second home or holiday property in Belize? Each unit offers 720 square feet of stylishly designed, open-plan space and private balconies overlooking lush, landscaped gardens. Within the sprawling green 2,700 acres of Palmas del Mar a resort in the east coast town of Humacao, Puerto Rico, well-known for its tight-knit community the condos and penthouses for sale in this 46-acre development are surrounded by lakes and pristine beaches. We know Belize property ownership is accessible to foreigners, but what about financing? 0.5 Miles South Of San Pedro Town, Ambergris Caye, Belize City 8 USD $35,000 USD $35,000 Land About 4,500.00 sq ft 3 Miles West of San Pedro Town, Ambergris Caye, Belize City 9 USD $51,000. As more and more homes and businesses are built in the area, you can see that this little neighbor [], We are excited to offer to the Ambergris Caye market, the beautiful lot located in the Grand Belizean Estates area of Secret Beach. You can trust our advice because its based on personal experience. Please refer to the PPM for a more thorough discussion of the risks related to an investment in the Fund. Looking for a great buy and hold land investment? Of course not. We have personally invested in several real estate projects and properties. 2 Baths, Large Beach View Lot only $150,000 Financing Available, Large Beach View Lot only $175,000 Financing Available, Oversized Prime Corner lot at Secret Beach, Commercial Lot along Future Main Road at Secret Beach. List your property and get it sold! Secret Beach is one of the most popular places to visit while on the island. 7 of the best Caribbean homes for sale with mortgages or developer financing for qualified buyers. I have helped several people find their dream home or purchase a great investment opportunity in Belize. Grand Belizean Estates Lot Attractive Financing Available. Post your listing here only if they are owner financed and in Belize. This cookie is installed by Google Analytics. For financing real estate acquisitions in Belize, there are three options available: Local Financing. You owe it to yourself to partner with a local expert. http://belizesecretbeach.com/wp-content/uploads/2017/08/belize-secret-beach-logo-transparent-bg-1.png, https://belizesecretbeach.com/wp-content/uploads/2018/09/73d806cd5f6a1db61bd9b486f1850143.jpg, Street 1, Mahogany Bay Village, San Pedro Town, Ambergris Caye, Belize, Top Reasons to Purchase Property in Belize, Top Reasons to Invest in Belize Real Estate, Benefits of Buying a Vacation Home in Belize, Advantages to Owning Belize Property in an IBC, Real Estate Transaction Growth in Belize 2019 to 2021, Buying Land & Building vs Buying a Resale Property, Owning a Home vs Owning a Condo in Belize, Belize Market Data to Maximize Real Estate Investment Cashflow. The island is located off the eastern shore of Belize and is home to a population of around 18,000 people, although that number can fluctuate during the high season (November to May) as non-permanent residents flock to the island. Developers know that in a competitive market, being able to offer buyers access to mortgage loans with attractive terms either directly or via a bank lender can make the difference between sealing the deal and a buyer looking elsewhere. Lowest Interest rate in the current market 2023 is 5.5% flexible repayment term up to 30 years. We offer our concierge services to help you through every step along the way. You will be rapidly building equity or wealth as your make your monthly payments. The growth is driving rentals and appreciation to [], Contiguous with Parcel 7966, this lot is the third row from the main road to Secret Beach, in the immediate vicinity to all of the growth seen in the area. At that time you will be a proud land owner and can visit your Mortgage Specialist to apply for your mortgage. 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. A beach cottage? We know the secret to bypassing this major barrier to buying real estate. PLUS we can get them the financing they need to buy on the island. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. There is no Multiple Listing Service, so finding the perfect property on your own is nearly impossible. Whether you are interested in buying land for sale as an investment or wish to create your very own retirement oasis, we are here to help. 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. Well guide you through the requirements for purchasing island property. VISTA Real Estate Ltd - All Right Reserved. The land has access to mains electricity and for . Well, thats about it. But you can send us an email and we'll get back to you, asap. Homes for Sale, Ambergris Caye, Belize Prime Waterfront Living with 85% Finance Grand Cayman, Cayman Islands Offered at: From US $2,300,000 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. Each lot measures 50 x 75, giving you 100 ft of road frontage if you purchase both lot [], Are you looking for a lot near Secret Beach to build on? This Group was created specifically for Land, Houses, Apartments, and Properties in General that are on Sale By Owners. Owning property in Belize can be an incredible investment. Mahogany Bay is attractive for a number of reasons; A proven model of generating nightly rental income. This facilitates transactions conducted in U.S. dollars. 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. Its known to be the destination of choice for over 70 percent of local annual visitors. Also, any rental income made from an offshore property in Belize can be deferred and made tax free as long as it has been purchased from Roth IRA funds. LinkedIn sets the lidc cookie to facilitate data center selection. Get exclusive real estate financing in Belize. Both options have their pros and cons but in the end there is really nothing like having a home of your own. Jamaica has a well-developed real estate market with high quality homes that can generate good rental income, thanks to a growing local market, surging interest from the Jamaican Diaspora, the huge popularity of Jamaica as a holiday destination, vibrant Airbnb market and excellent air access from Europe, the USA and Canada. Payment options for condos allow for downpayments of between 20% and 50%, followed by stage payments (generally monthly installments) and in many cases interest free. Start searching for the right property in Belize at the same time as when you apply for the loan. How about luxury features such as private elevator entry, large terraces and top of the range appliances? These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. PLUS we can get them the financing they need to buy on the island. INSTANT Owner Financing with only $1,500 Down on private MO Property with NO Credit Check! Tick. The banks take about 4 weeks to evaluate your application. Are you concerned about finding the right property and getting financing? Financing for qualified buyers acquisitions in Belize that offer Residential Loans to expats or investors... In several real estate pay cash from their own money, or borrow funds their... Credit Check of its affiliates provide tax, legal or accounting advice to facilitate data center selection our back. 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