Post your listing here only if they are owner financed and in Belize. These cookies track visitors across websites and collect information to provide customized ads. Dont be fooled by people who live in the United States or Europe selling Belize properties over the internet. 1440 Coney Drive, Belize City, Belize District; Monday - Friday 8:00 - 5:00 +501-223-3605; . Buying Land in Belize. Offshore Financing. Any appreciation realized upon a sale of a property is not subject to tax. 100% Financing for Land with Pre-approved Mortgage. One of the questions that are sure to come up when you are considering a place to call home is whether you should build your own home or rent. 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. The collateral can be cash or another property that you already own in Belize. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These loans are offered to individuals or IBCs (International Business Companies). If you seek to continue financing, you will have to obtain a new loan at the then market rates. This lot is located just minutes away from the world-famous, crystal-clear waters of Ambergris Bay. But opting out of some of these cookies may affect your browsing experience. Instead, we constantly search the market for rare and exclusive opportunities that offer developer or owner financing. VISTA Real Estate Ltd - All Right Reserved. 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. The developer is offering incentives to buyers worth $20,000, including new kitchen appliances and one-year athletic club membership, and the condos are eligible for various tax benefits. Become an owner and become a part of Belize! There are three ways to receive financing for buying real estate in Belize: 1) local financing; 2) offshore financing; 3) owner financing. A two-story abode with a stunning balcony and a stone patio? After all, its a beautiful country with a lot to offer, including inviting English speaking locals, tropical beach fronts, and financial benefits like low-cost properties and tax-free buying for qualified retirees. They also have the wider resorts facilities on tap, including two championship golf courses, an equestrian center, a marina, hotel and casino and various restaurants. You can build an off the grid home to rent or vacation in or both. Read more: Condos for sale with financing in Akumal, Mexico View similar properties: Riviera Maya real estate, Condos for Sale, Akumal, Riviera Maya, Mexico. 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. Purchasing a property on an island in the Caribbean can be exciting but also a bit scary. This means you will have to post collateral worth 40 percent of the property with them. This manicured land has its own unexplored Maya site to the back and a beautiful freshwater stream running through the property. This website uses cookies to improve your experience while you navigate through the website. By clicking Accept, you consent to the use of ALL the cookies. Read more: Condos for sale with financing in Kingston, Jamaica View similar properties: Jamaica real estate. These cookies ensure basic functionalities and security features of the website, anonymously. 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. We have access to exclusive owner and developer-financed opportunities. Financing Available. These two lots are connected, giving you double the construction space for a new up and coming subdivision by Secret Beach. Selling a lot/land in Belize? Foreigners can obtain financing in U.S. dollars from local offshore banks. The latest offerings from finance lenders in the Caribbean are changing the landscape for those who long for a home in the region, opening up markets to buyers who couldnt otherwise make the money side of their purchase stack up. For more great advice on buying property in Belize, do get in touch with WILL MITCHELL of REMAX Belize Secret Beach. Investors who use real estate to avail of tax benefits (e.g. 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. The terms of the contract are set during the negotiation process. Finance options are also available to qualified second home and investment buyers via local, private banks. The best financial option available to expats who want to buy property in Belize is a residential loan. The island has one of the Caribbeans hottest emerging real estate markets, offering a good value alternative to Cancun or Cabo San Lucas. We have personally invested in several real estate projects and properties. so visit us soon to discuss how we can help you in becoming a home owner. Read more: Condos for sale with financing in Palmas del Mar, Puerto Rico View similar properties: Puerto Rico real estate, Condos for Sale, Palmas del Mar, Puerto Rico. Belize is an attractive destination for foreigners looking to acquire a vacation home or investment property. Posts must include as much information possible. We also use third-party cookies that help us analyze and understand how you use this website. The resort also offers something new for Ambergris Caye: bank financing options for buyers, opening up its real estate offering to a far wider range of investors. 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. land, or business for sale here. During the construction phase the mortgage proceeds will be disbursed in tranches based on the approved bill of quantities. We will walk you through every step of the property purchase process. As of the last couple years, Secret Beach has become one of the most popular hangouts for tourists and locals alike. The Belize Bank Limited (BBL) is the largest full service commercial banking operation in Belize providing a range . With a dedicated Marine Park and a stunning barrier reef that is full of aquatic life, Ambergris Caye is one of the best places to invest. 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. You owe it to yourself to partner with a realtor who can connect you with these limited offerings. Mahogany Bay is attractive for a number of reasons; A proven model of generating nightly rental income. NOW: US$205,000. These are three easy and efficient methods for financing the purchase of a property in Belize. Copyright 2020 Belize Bank Ltd. | Terms and Conditions|Privacy & Security Policy. Real estate in Mahogany Bay Village starts at $175,000 with vendor financing available at 25% down. The best time to purchase these properties is now before the develo [], If you have every been to Ambergris Caye you have most likely heard of Secret Beach. For instance, there are no capital gains taxes. You now have a chance to own a piece of paradise. Terms range from 5 to 30 years with more reasonable interest rates. 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. We work with a small group of carefully select . Looking for Contiguous with Parcel 7966, this lot is the third row from the main Are you looking to invest in land in Ambergris Caye, Belize? 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. There are competitive fixed rate options for one, three or five years. With an unparalleled understanding of the Belize Real Estate market, we can help you to find the property of your dreams. Tick. 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. New listings near Waterfront at Secret Beach with owner financing Palmaya Woods - Parcel#10329 & 10330, Belize $45,000 USD A 5 Beachfront Venezia Del Caribe, San Pedro Town $1,600,000 USD 3 Beds 3 Baths Grand Mayan Estates - Parcel #10700, Belize $33,500 USD 5K Oversized Lot with Main Boulevard Frontage, Belize $52,500 USD Paradise can be found when you purchase land for sale in Belize, and more specifically one of the Cayes. Most banks are willing to lend only up to 60 percent of the cost of the real estate. Read more: Homes for sale with financing in Cabarete, Dominican Republic View similar properties: Dominican Republic real estate, Homes for Sale, Cabarete, Dominican Republic. INSTANT Owner Financing with only $1,500 Down on private MO Property with NO Credit Check! 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. Both options have their pros and cons but in the end there is really nothing like having a home of your own. Youre welcome to contact me, Will, at REMAX Belize Secret Beach anytime for help on this. Panoramic views of Nassau and blindingly blue ocean. Residents have access to communal facilities including a pool and BBQ area, and the development is a short walk from the Manor Park shopping center. No life insurance is required only building insurance and a credit score of 650. Well guide you through the requirements for purchasing island property. Click on the Belize lots/land for sale listings below to learn more and get in touch with the sellers privately. 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. Belize Bank is the ideal place to fully prepare and educate yourself about first time home ownership. 7 of the best Caribbean homes for sale with mortgages or developer financing for qualified buyers. 3 Baths, 3 Bedrooms [], New Grand Belizean Estate Lots have come on the market. If financing is needed you can make this clear to your agent by asking him/her to look for properties where the seller is offering owner financing. Owning property in Belize can be an incredible investment. Every year the loan is closed out and then renewed at . The cookie is a session cookies and is deleted when all the browser windows are closed. 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. Are you considering owning your first home? This is from credit unions and government affiliated lending institutions such as the Development Finance Corporation and the National Bank of Belize. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Sign up now to receive hot special offers and information about the best tours! This article was originally published in Issue 8 of The Caribbean Property Investor Magazine. It demonstrates our commitment to Belize. As a further incentive, the developers private lender, Butterfield Bank, offers up to 85% financing to qualified buyers, with a maximum 25-year term. New listings near Seller Financing Condo for sale on Ambergris Caye Island Sky Villa at Mahogany Bay Village, Belize $1,250,000 USD 4 Beds 4 Baths 3 Bedroom Beachview Penthouse, Belize $1,100,520 USD 3 Beds 3 Baths The Forsythia - Luxury 1 bed 1.5 bath 2nd floor ocean view residence, Belize $378,930 USD 1 Beds 1 Baths The cookie is used to store the user consent for the cookies in the category "Analytics". One of the big advantages of offshore lending over domestic lending is that you can choose the currency of your loan. Even if you qualify for a domestic real estate loan, the terms are burdensome. Historically, there has been little or no financing available for people from outside of Belize looking to invest in property on Ambergris Caye. A Residential Loan can be used to finance a land purchase, purchase of a house or for building your own house. 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. The rest of the money has to be paid by the homebuyer to the seller over 5 to 10 years, at an interest of 5% to 10%. Lowest Interest rate in the current market 2023 is 5.5% flexible repayment term up to 30 years. . Lot 8109 is no exception. Roadside lot near Archeological Site W/ 30% Down, 2 Bedrooms With some of the highest nightly rental rates and highest occupancy on the island. This means you can collect hundreds of thousands of dollars on rental income on the property over many years and need to worry about the taxes only when distributing the property to yourself. I am Will Mitchell of REMAX Belize Secret Beach. 3 Baths, 2 Bedrooms LinkedIn sets the lidc cookie to facilitate data center selection. Neither the Fund nor any of its affiliates provide tax, legal or accounting advice. PLUS its just as impossible for people from outside of Belize to get real estate financing from banks and other traditional lenders. We know about the limited number of owner and developer-financed real estate opportunities that are available in Belize, This allows us to connect our clients with properties that are perfect for their lifestyle and investment needs. Next, the bank will want you to post collateral in exchange for the loan. Belize is one of the most beautiful countries in the world with stunning beaches, friendly locals, stable government and a growing economy. You only need to worry about taxes when you distribute the property to yourself in the future. Atlantic International Bank offers home loans to qualified buyers with a 9% interest rate and for up to 60% loan to value, payable over approximately 20 years. Vacant land in Ambergris Caye offers a number of advantages to future owners. Set on a private peninsula near The Cayman Islands Yacht Club, the three-bedroom homes are just a couple of miles from boutiques, grocery stores, restaurants, sport facilities and the world-famous Seven Mile Beach. A rare opportunity to purchase new-build, contemporary super studio apartments within a gated development in the Jamaican capital of Kingston, with bank financing available from various local providers. These two lots are Are you looking for a lot near Secret Beach to build on? 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