{"id":34067,"date":"2020-03-19T11:11:36","date_gmt":"2020-03-19T15:11:36","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=34067"},"modified":"2022-09-21T21:13:25","modified_gmt":"2022-09-22T02:13:25","slug":"7-simple-facts-to-know-about-buying-real-estate-in-belize","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/7-simple-facts-to-know-about-buying-real-estate-in-belize\/","title":{"rendered":"7 Simple Facts to Know About Buying Real Estate in Belize"},"content":{"rendered":"

7 Simple Facts to Know About Buying Real Estate in Belize<\/strong><\/h2>\n

Are you excited about owning property in Belize? Perhaps the plan is to purchase a vacation property that you can use for a few months each year. Maybe the idea is to purchase property now that you use for holidays but will eventually call home full time once you retire. Whatever the reason, it\u2019s nice to know that purchasing real estate in Belize is a straightforward process. In fact, some aspects of making a purchase will seem very familiar.<\/p>\n

Here are seven key facts that all prospective property owners should know.<\/p>\n

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1. You Don\u2019t Have to be a Citizen in Order to Purchase Real Estate<\/strong><\/h2>\n

Owning real estate is not limited to citizens in Belize. Foreigners follow the same basic process for selecting and paying for real estate purchases<\/a>. The current qualifications have been in place since 2001 and are relatively easy to understand.<\/p>\n

There is one difference that involves undeveloped property. If the plan is to purchase a tract of land and build a house rather than purchase property with a pre-existing structure, it is necessary to work with the Central Building Authority. The CBA is one of the newer government agencies in Belize and is responsible for setting the codes and standards that apply to new construction. That includes the construction of private dwellings. Both citizens and foreigners wishing to purchase property for development must have plans that are in full compliance with the CBA\u2019s current standards.<\/p>\n

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2. You Don\u2019t Have to Physically Be in the Country<\/strong><\/h2>\n

There are places around the world where you have to be physically present to purchase any type of real estate. That’s not the case in Belize. It\u2019s possible to handle all of the details without coming to the country itself. Of course, you do always have the option of traveling to Belize and conducting a search and purchase in person.<\/p>\n

Technology is one of the reasons that you can manage the task from a remote location. Many real estate professionals offer virtual tours. This allows you to visit a number of properties and see the interiors and exteriors with relative ease.<\/p>\n

In terms of handling the paperwork associated with the sale, it\u2019s possible to sign electronic documents and they will suffice until you have the originals signed and returned.<\/p>\n

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3. The Process for Finding a Property is Familiar<\/strong><\/h2>\n

Before purchasing a property, it\u2019s necessary to find the one that\u2019s right for you. The way you will go about doing this is much like you would do in your country or residence.<\/p>\n

Here are a few easy ways to go about locating potential properties:<\/p>\n