Belize is one of the most popular destinations for ex-pats to live in their retirement or if they just want to live in a piece of paradise. It is possible for foreigners to buy homes in Belize and it's not too difficult to achieve it. While there are laws and regulations you need to follow like with any country, finding the perfect beachfront condos for sale might not be as hard as you think.
Your first step should be finding a real estate agent that is well-versed in international property purchases. You could opt for an agent in Belize, or you can choose one in the United States who knows and understands the real estate system and laws there. Here are some other tips for buying a Belize beachfront condo for sale.
The Right Beachfront
When searching for Belize beachfront condos for sale, the most obvious and important question is, what beachfront do you want or are most interested in? Belize is home to multiple beachfront areas that are popular with ex-pats and locals alike. They all offer something a little different and you need to find the right one to suits your tastes.
One of the more popular areas is San Pedro, but the entire island of Ambergris Caye is popular for tourists and ex-pats alike. Talk with your agent about what you want in your beachfront community and they can help you narrow down your search to the right beach area.
There Are Transfer Taxes
When you are looking for Belize beachfront condos for sale, you need to take into account any transfer tax or stamp tax that will be put upon the sale price. While it is a reasonable price—you can check with your real estate agent for the rate it is—you need to budget for it.
This means when you are looking for your beachfront condo, take into account any transfer tax, closing costs, and any other expense you may incur as well as the cost of the condo before you make the buy. It can help to know your budget and only look for condos that fit within that price range. You will have to factor moving costs in as well.
Pick An Owner-Run Condo Association Building
When you look at Belize beachfront condos for sale it's a good idea to search for ones with an owner-run condo association instead of a condo that is managed by an outside company. In many cases, when you choose a building that has an association run by the condo owners themselves, the building is better maintained and things get done faster.
It's easier to get improvements finished and the owners work together to create a good community and safe place to live.