{"id":22942,"date":"2018-12-24T11:29:32","date_gmt":"2018-12-24T16:29:32","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=22942"},"modified":"2021-02-06T12:11:58","modified_gmt":"2021-02-06T17:11:58","slug":"buying-a-resort-in-belize","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/buying-a-resort-in-belize\/","title":{"rendered":"Buying a Resort in Belize"},"content":{"rendered":"
Are you thinking of buying a resort in Belize<\/a>? Maybe a small beachfront hotel, eco resort, or maybe a boutique B&B for sale in Belize?<\/p>\n This article is a quick resource to help you – the prospective investor – become aware of basic information gathering needed to make an informed decision on buying a Belize resort for sale.<\/p>\n Like every real estate investment – and even a life decision – there are usually multiple facets that go into making that informed decision. We would like to address some of the major processes and challenges on buying a resort in Belize<\/p>\n <\/p>\n What we suggest to our clients is that they start by writing a list of personal and family needs to make your venture work not only from a business standpoint – but from a personal standpoint. Some examples of this are medical facilities, schools, churches, shopping, banking, and the which type of local community you want to be involved in.<\/p>\n <\/p>\n Also you will need a team of key people to help you in establishing your resort business in Belize.<\/p>\n Additional services your Belize lawyer can provide;<\/p>\n We have been marketing resorts, hotels, B&B’s, and real estate in the Caribbean Basin since 2001. Over that period, we have engaged a great group of Belize Brokers and Lawyers that are our alliance partners. Please feel free to contact us below if you need assistance and advice in that direction.<\/p>\n <\/p>\n A written business plan for buying and running your Belize resort will help you stay focused and on track to achieve your goals. Not only that – it will server and a blueprint to make your endeavor successful – as well as a great tool to attract investors. Feel free to contact us below for additional information and resources.<\/p>\n For the majority of buyers financial considerations usually will dictate what price range that you will be comfortable with. Rule of the thumb – when shopping in the Belize most purchases are done in cash.<\/strong><\/p>\n However, there are conventional financing methods available in some Belize as well as partial owner financing. Do not expect to find US or Canadian 20 year amortized offerings available. If you do use Belize financing, where available, understand that most terms will be shorter in length, and interest rates will be higher. Expect to put at least 30% down in cash at closing.<\/p>\n In most cases of owner financing, again be prepared to put around 50% of the agreed purchase price down in order to reach an agreement. Simply put, the owner, once the sale is closed, is off to a new life and needs funds to do so.<\/p>\n (Now the exception to the above is working with Belize real estate developers if you want to build your own resort. Often developers will offer attractive down payments and financing. We just offer this to be complete.)<\/p>\n In Belize you will find a few different options of property Titles. These are the two most prevalent.<\/p>\n And here is some other vital required information for your due diligence:<\/p>\n This was just a quick outline of what you need to do when buying a resort in Belize.<\/p>\n 112: Going Global \u2013 Best of 2020<\/a><\/p>\n Feel free to contact us<\/a> for more information.<\/strong><\/p>\n I hope you enjoyed this article: Buying a Resort in Belize. Here are a few articles I know you’ll enjoy reading:<\/strong><\/p>\n Learning the Language Deepens Your Experience of the Moment<\/a><\/strong><\/p>\nResearch the Area of Interest<\/strong><\/h2>\n
Your Belize Resort Team<\/strong><\/h2>\n
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You Need a Written Business Plan<\/strong><\/h2>\n
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Is Financing Available for Buying Your Belize Resort?<\/strong><\/h2>\n
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Belize Property Titles<\/strong><\/h2>\n
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