OUR TEAM of Real Estate professionals are dedicated to handling all your real estate transactions as swiftly, and carefully as possible. We understand the complexity and are aware of the legal procedures to facilitate such a delicate process. Both the seller, and our professional agents share a similar goal; plan, execute, sell. Together, we will evaluate and recommend the precise strategy to enhance the marketability of your property. Our team develops the most effective marketing strategy customized to each individual property portfolio. This then translate into the execution of a successful international and local exposure by utilizing the vast powerful resources of the CENTURY 21 system.
The professionals will aid to explain all necessary procedures and regulations, submit all written offers, assist with the negotiation process, and provide an estimate of your net sales proceeds so you may understand all implications prior to any acceptance.
To commence the selling process, prepare the following legal documents:
Upon having gathered the mentioned documents, contact our office or any regional agent to schedule a communication date. Our agents will promptly respond to your request and contact you immediately. Contact us HERE or to view a list of our team of regional professionals.
CENTURY 21 BTAL holds the utmost dedication to our clients and guarantee professional representation. We aid to search, recommend, and facilitate the negotiation process to purchase at the right price. Our Team is well associated with the leading professionals of their individual industry: Surveyors, architects, attorneys, contractors, lenders, etc. Our aim is to provide our clients with representation to securing the right opportunities in acquiring a piece of the jewel, BELIZE.
The buying process in Belize is incredibly similar to the UK and US system. In Belize, once an offer has been formally accepted, a deposit is to be paid into escrow account which will include a binding Sales Agreement outlining the details of the accepted offer, payment schedule, and any other relevant terms and conditions of the transaction. A period of 30 to 90 days is allowed for each party to conduct any relevant searches, due diligence, preparation of legal transfer documents, fund allocation, etc. before concluding the sale. Once the final payment has been made, the transfer of ownership documents will be executed for legal processing and thereafter the escrow account will be released for the seller’s access.
Belize has a fixed exchange rate because a stable currency is considered necessary for sustainable growth and development. The Exchange Control Regulations are essential for protecting the fixed exchange rate regime. Compliance with the Exchange Control Regulations ensures that foreign currency inflows are pooled and made available to meet the needs of the general public. Each resident contributes to safeguarding the fixed exchange rate through obedience to the law.
Section 40 of the Exchange Control Regulations, Revised Edition 2003, stipulates that Central Bank’s permission must be obtained where a non-resident is involved in any transaction relating to the transfer by way of sale, exchange, gift or mortgage of any land, buildings or other hereditaments situated in Belize. This includes: a) Any purchase of land situated in Belize from a resident to a non-resident, foreign national residing in Belize or a foreign company b) Any purchase of land situated in Belize by a resident from a non-resident.
The letter of application for the purchase of land in Belize should be sent to the Central Bank addressed to the Director of the Research Department and should contain the following information:
The following documents must be attached to the letter of application:
Non-residents are expected to pay for land purchased from residents with foreign currency sourced outside Belize and brought into the domestic banking system through an authorised dealer. Failure by the seller to surrender the foreign currency sales proceeds to the authorized dealer is a contravention of Exchange Control Regulation 2, unless approved by the Central Bank.
Non-resident investors are advised to register their investments in land with the Central Bank in order to facilitate the repatriation of funds when the land is sold. Registrations can be done through a domestic bank in Belize, which will submit an application to register the foreign investment (inflows of funds from abroad) in Belize on behalf of the non-resident client.
The following does not require Central Bank permission to transfer land by way of sale, exchange, gift or mortgage in Belize:
Residents of Belize include:
Authorised Dealers are appointed by the Central Bank to assist in conducting foreign currency transactions. The following domestic banks are Authorised Dealers:
Exchange Control Direction Number 15/2014 - Revised December 2014.