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Q |
What is the
first step in purchasing property?
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| A |
Please go to
our How to Buy Property page on our
website and follow the simple steps. Just
fill out the Purchase Agreement and we will
walk you through the process.
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Q |
How often
is the website updated with current pricing
and information?
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The prices and
properties on our website are all up to
date. Our website is updated as parcels are
reserved and sold. Or if you wish to check specific parcel
availability, please email us at
contactus@watersidebelize.com
or call us toll free in the U.S. at 1-877-404-0003
From outside the U.S., we may be reached at
561-376-8844
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Q |
How are
deposits and down payments held?
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Deposits and
down payments are held in escrow pending
closing by Jason Weaver, Attorney at Law
(escrow agent). The escrow agent is
authorized to disburse to you all money you
have paid prior to closing in the event of
our failure to convey title.
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Q |
What is the
difference between a deposit and total down
payment?
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A 10% initial deposit is required to reserve a parcel. This 10% initial deposit is then applied towards your total down payment should you wish to finance your purchase. The total down payment includes the 10% initial deposit plus an additional 10% of the purchase price, which is due at closing.
Should you wish to proceed, you first send a
10% deposit and then at closing you will be
instructed to send the remaining 10%,
if you choose to finance your purchase. If
you do not choose to finance, you would
first send a 10% deposit and then at
closing, you would send the balance of the
purchase price, equaling the remaining 90% of the purchase price.
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Q |
Can
foreigners purchase property in Belize?
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Yes,
foreigners (non-Belizeans) can purchase
property in Belize.
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Q |
What is the
size of each parcel?
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Please visit
the Master Plan section and
click on the parts of the map you wish to
view. Each rendering will show parcel size
in square feet with dimensions.
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Q |
When do I
receive title?
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Approximately eight to ten weeks after closing (once the documents recorded with the Government of Belize)
you will receive the original Deed of Conveyance/Indenture, Transfer
Certificate of Title or registered Land
Certificate. If your purchase is financed,
we will send you documentary evidence of
your ownership of your parcel(s). After the
mortgage is satisfied, a Deed of Conveyance/Indenture, Transfer
Certificate of Title or registered Land
Certificate will be sent to you.
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Q |
Can I have
confidence and peace of mind when purchasing
property in Belize?
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Yes, you can
have confidence and peace of mind when
purchasing property in Belize. We want our
purchasers to feel completely comfortable.
Please contact the law firm of the Belize attorney
processing the closing documents, Mr.
Wilfred P. Elrington of Pitts and Elrington,
Attorneys-At-Law located at 50 North Front
Street, Belize City, Belize. Mr. Elrington or his staff
will answer your questions regarding the
procedure for transferring title in Belize.
They may be reached by phone at
011-501-203-2577 or by fax at
011-501-223-2579.
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. 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 very
familiar with our project.
When purchasing you receive fee simple title
to your parcel. Belize is a British
Commonwealth country and has a stable government with a
growing economy.
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Q |
What are
the forms of payment?
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We accept
Cashier’s Checks, Certified Checks or
personal checks as forms of payment for
deposits. For closing payments we accept
Cashier's Checks or Certified Checks.
Unfortunately we do not accept credit cards
as a deposit or down payment for a parcel.
Monthly mortgage payments, if applicable,
may be made with a personal check.
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Q |
How can I
find out which parcels are available?
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Please visit
the Master Plan and
Price List
sections of our website for parcel
availability.
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Q |
Can I visit
the property before purchasing?
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Yes, you are
welcome to visit the property at
any time before purchasing. Please email us
or phone us to coordinate your trip so we
may help you make arrangements to have
someone show you around.
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Q |
How many
parcels may I purchase?
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You may
purchase as many parcels as you would like.
There is no regulation limiting the number
of parcels purchased. If you are purchasing
contiguous parcels, you may combine the
allowable building square footage to build a
larger home.
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Q |
May I take
title to a parcel in a corporate name?
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Yes, you may
take title to a parcel in a corporate name.
Please be advised that you must stamp the
closing documents with your corporate seal.
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Q |
Is it easy
to purchase Belize real estate?
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Yes, it is
very easy to purchase Belize real estate. The Government of Belize allows foreigners outside the country to own property in
Belize. 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 the minimum down payment
requirements are met. For a step by step
guide through the purchasing process, please
visit the How to Buy Property section
and then fill out the Purchase Agreement noting the parcel(s) of your
choice, we will then confirm your parcel
selection(s) and walk you through the
process.
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Disclaimer: Waterside Limited makes no warranty as to the
quality of the goods or services or the
reliability of the products or services
listed above. We have made every attempt to
keep the list up to date, but we will not be
responsible for errors or omissions. |
