The purchase process in Belize is very simple, and very similar to that of the United States/Canada and the United Kingdom. As Belize was a British colony up until recently, the legal system is based on English Law.
Initially you will be asked to sign a reservation document, and pay a fee – normally, this fee will be 10% of the purchase price, with a minimum fee of $1.500 USD. These funds are sent to either a Belizean law firm, or for your convenience, to a U.S. title company.
Once the reservation fee has been received and the form has been returned, the Belizean attorneys will be in touch with you and prepare the purchase contract, which will be sent to you for review, and also for signatures.
Once you have signed and returned the purchase contract, you will be asked to wire the remaining balance to close to the Belizean attorneys escrow account. They will then go thru a similar process to anywhere else in the world, and verify that the land is owned free and clear, with no mortgages and taxes etc, and subsequently after verifying that, the closing will take place. There is no need to travel to Belize to consummate the transaction – all can be done via Fedex!
Title searches are done in the same way as for a U.S. based transaction, and title insurance is offered at the time of closing as well.
Click here for a quote on a Belizean mortgage
Get the latest property and investment opportunities direct to your inbox for FREE (you can unsubscribe anytime)
Beautiful Belize - The Jewel of Central America
All property news from Belize
Subscribe to our RSS Feed
Fill out a requirements form and our experts will help you find a great selection of properties for sale in Belize.
Help me find property in Belize
Considering a property purchase in Belize or need to transfer currency to/from Belize?
Save Thousands in Currency Transfers
When considering a buying property in Belize, you are well advised to get expert mortgage advice from a mortgage broker.
Get a mortgage quote in Belize
Owners Direct is one of the UK's leading direct from owner rental websites and the first choice for holiday home owners who want a cost effective and easy way to fully book their properties.
Find out more
If you own or are about to purchase property in Belize, you get an insurance quote using our online insurance quote form.
Get Insurance in Belize
Do you have your British assets covered by a will?
Do you have your movable foreign assets covered by a will?
Have you made plans to protect your family in the event of your death?
Get more information on Wills
Everything you need to know about transferring your UK Pension is in our downloadable guide.
Get more information on Pensions
Belize District Property
Corozal District Property
Orange Walk District Property
Subscribe to our newsletter and keep up to date with the latest and best investment opportunities around the world!