Frequently Asked Questions - Purchasing Property

What is the first step in purchasing property?
How often is the website updated with current pricing and sales information?
What is the difference between the deposit and the total down payment
Can foreigners purchase property?
What is the size of each parcel?
When do I receive the title?
Can I have confidence and peace of mind when purchasing property in Belize?
May I place a deposit to "lock in" the current price until I can buy?
What are the forms of payment?
How can I find out which parcels are available?
Can I visit Cerros Sands at La Playa de Cerros Maya before purchasing?
How many parcels may I purchase?
Who holds the parcel deposits?
Does the Parcel Purchase Agreement need to be notarized?
May I take the title to a parcel in a corporate name?
Is it easy to purchase property abroad?
Can I obtain clear title to the property?

q01Q:   What is the first step in purchasing property?

A:   We have tried to keep it simple. Go to our Purchasing Instructions page on our website and follow the steps. Just fill out the Purchase Agreement and we will walk you slowly through the process.

q02Q:   How often is your website updated with current pricing and sales information?

A:   We try to keep the website prices up to date but sometimes we cannot update immediately after changes. For the most up-to-date prices and current inventory, please email us at Email or phone us at 011-501-670-8724 between 9:00 AM and 5:00 PM Central Standard Time.

q03Q:   What is the difference between the deposit and the total down payment?

A:   The deposit that you are referring to is a 20% deposit to reserve a parcel for purchase to be applied towards your down payment should you wish to finance your purchase. The down payment is the total amount required as a down payment for the parcel of your choice. Should you wish to proceed, you first send a 20% deposit and then at closing you will be instructed to send the remaining difference, if you choose to finance your purchase. If you do not choose to finance, you would first send a 20% deposit and then at closing, you would send the balance of the purchase price, equaling the remaining 80%.

q04Q:   Can foreigners purchase property?

A:   An emphatic Yes!, foreigners may purchase property in Belize.

q05Q:   What is the size of each parcel?

A:   Please visit the Parcels/Prices section and click on the thumbnails you wish to view. Each rendering will show parcel size, square footage and price.

q06Q:   When do I receive the title?

A:   At closing you will receive the original Certificate of Title and a copy of the survey. If your purchase is financed, at closing you will receive a copy of the original Certificate of Title, a copy of the survey and a copy of your Mortgage instrument recorded with the Government of Belize Land Registry. The original documents will be held until the mortgage is satisfied and at that time all originals will be sent to you promptly.

q07Q:   Can I have confidence and peace of mind when purchasing property in Belize?

A:   Yes, you can have confidence and peace of mind when purchasing property in Belize.

If you are looking for a relevant Government office in Belize, please contact the Belize Government Ministry of Lands, located in Belmopan (the Capital of Belize) at 011-501-822-2331. All records are public information and are easily accessible. When referring to the development, please be sure to refer to it as Cerros Sands, development in Corozal. In addition, you may get further feedback from the Department of the Environment in Belmopan at 011-501-822-2816 and the Land Utilization Authority in Belmopan at 011-501-822-3419.

Both offices are will be shortly informed of our project.

When purchasing you receive fee simple title to your parcel and your payment is held in escrow until closing takes place. Belize is a British Commonwealth, with similar laws to the U.S. Belize also has a stable government with a growing economy.<br>

q08Q:   May I place a deposit on a parcel to lock in the current price until I can visit and make a selection?

A:   YES, you may reserve a parcel and place a deposit on the parcel you wish to purchase. However, a time period is required to visit the property. As our infrastructure goes in, our pricing will continue to rise to levels more in line other properties in Belize.

q09Q:   What are the forms of payment?

A:   We accept Wire Transfers, Cashier's Checks or Certified Checks as forms of payment for deposits or down payments. Sorry, we cannot accept credit cards as a deposit or down payment for a parcel. Monthly mortgage payments, if applicable, may be made with a personal check.

q10Q:   How can I find out which parcels are available?

A:   For current availability simply contact us either by email or phone.

q11Q:   Can I visit the Cerros Sands at La Playa de Cerros Maya Development before purchasing?

A:   Yes, you are more than welcome to visit the area and view the properties at any time before purchasing. Please email us or phone us to coordinate your trip so we may make arrangements to have someone show you the area.

q12Q:   How many parcels may I purchase?

A:   You may purchase as many parcels as you would like. There is no regulation limiting the number of parcels purchased. You may also combine the allowable building square footage to build a larger dwelling when purchasing adjoining parcels.

q13Q:   Who holds the parcel deposits?

A:   Parcel deposits will be held in attorneys Barrow & Williams Escrow account. Please click here to view the Purchasing Instructions section of our website for more details.

q14Q:   Does the Purchase Agreement need to be notarized?

A:   The Purchase Agreement does not have to be notarized. Only closing documents need to be notarized.

q15Q:   May I take title to a parcel in a corporate name?

A:   Yes, you may take title to a parcel in a corporate name. We have purchasers that want to buy through corporations for various reasons. In some cases it was to shelter an investment overseas, to achieve anonymity personally, to shelter corporate profits or as an investment through a corporation, which would eventually be transferred to an individual. Belize is a tax shelter haven and offers anonymity and incentives for investments in their country.

q16Q:   Is it easy to purchase property abroad?

A:   Yes, it is very easy to purchase property abroad. The Government of Belize allows foreigners outside their country to own property in Belize. Visit the Purchasing Instructions section and then fill out the Purchase Agreement noting the parcel(s) of your choice, we will then confirm you parcel selection(s) and walk you through the process. All titles are fee simple and title transfer is registered with the Government of Belize. We can also finance your purchase. Purchasers qualify for financing as long as down payment requirements are met.

q17Q:   Can I obtain clear title to the property?

A:   Yes, you obtain clear title to the property. You shall receive fee simple title to the property you purchase. The Government of Belize is part of the British Commonwealth and as such maintain a parliamentary style democracy.