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| No. 1 - Mt. Juliet TN: 51 Acres View Details | No. 2 - Norwich, CT: 77 Acres View Details | No. 3 - Haddam, CT: 47 Acres View Details |
All with Owner Financing - only 5% downpayment and Lot releases to allow for development
BELIZE PROPERTIES
SEAFRONT – COROZAL DISTRICT
NINE Corozal District SEAFRONT Lots starting at $25,000. all available with only 5% down payment and easy payments
Property “C”
Sandy Beaches on the beautiful Caribbean Sea
All available with owner financing and as little as 5% down
Pre-development Pricing
21 prime properties for sale with Caribbean Sea Frontage and breathtaking views.
All Properties can be purchased with a minimum of $2,500. Down
Payments can be extended up to 30 years, with no Pre-payment penalty.
Interest Rates fluctuate from 6% to 9 ¾% depending on the amount of Down payment and the length of time of the contract.
As with all of our properties, you are able to trade your parcel in for any other parcel that we have available for sale, Anywhere in Belize, with credit for every dollar paid in, up to the time that it is paid in full.
These prime seafront properties are three miles from electricity at this point. The roadway for this 3 miles is rough, but drive able and well worth the trip to this absolutely pristine location.
Check pricing in this area and you will have to agree that these lots are truly bargained priced with unbeatable terms for purchase with owner financing.
WATERFRONT PROPERTIES with DIRECT SEA ACCESS
COROZAL DISTRICT
Property “D”
Grants Land - Waterfront Acreage Parcels on serene body of water that connects to the sea, in northern Belize. Just surveyed, several Acreage Parcels to choose from – nicely wooded- Great Opportunity to purchase for future use, while this fast growing area is still in predevelopment. Easy access to Progresso, Chunox and Copper Bank.
Buyers Choice: only $19,995.00 with $495. Down, $184.96 per month
Parcel No. 1 9.15 acres
Parcel No. 2 under deposit
Parcel No. 3 under deposit
Parcel No. 4 9.62 acres
Parcel No. 5 10.50 acres
Parcel No. 6 10.29 acres
Parcel No. 7 9.69 acres
Parcel No. 8 9.43 acres
Parcel No. 9 9.56 acres
Parcel No. 10 9.89 acres
WATERFRONT PROPERTIES with DIRECT SEA ACCESS
COROZAL DISTRICT
PROPERTY “E”
Waterfront lot, 60 feet on Laguna Seca Lake x 120 feet deep – boat to the sea in minutes. In Copper Bank Village, ready to build on now.
only $2,995. Down & $258.32 per month
Price $25,000.
WATER VIEW – OVERLOOKING THE PRISTINE PROGRESSO LAGOON
COROZAL DISTRICT
PROPERTY “F”
1.73 Acres of high wooded land with picturesque views overlooking beautiful Progresso Lagoon. Roads and power already in – start to build at any time.
$995. Down & $180.23 per month
WATERFRONT ON THE PRISTINE PROGRESSO LAGOON
COROZAL DISTRICT
PROPERTY “G”
½ Acre with 90’ of water frontage along Progresso Lagoon . Power has not been extended to this property yet. Take advantage of the area being in pre-development. Get a Lot while you are young – this area is building fast.
Buy with $1,495. down & $270.34/mo.
PROPERTY “H”
3.3 Acres with 452 feet of waterfront on Progresso Lagoon. Average depth is 300 feet. Perfect for those that want to have a family compound or a great investment due to it’s subdivision potential. Site can be three parcels, each over an acre with 150 feet of waterfront.
Buy with $2,495. down & 450.54 per mo.
INLAND WATERWAYS
ORANGE WALK DISTRICT
Prime Waterfront Parcels on Beautiful Honey Camp Lagoon – just north of Orange Walk Town. Here, wind and solar are utilized for the power.
PROPERTY “I”
Parcel No. 701 - .70 acre of beautiful high waterfront
98.295’ of water front and 311.583’ feet deep
remnants of old homestead still on the property
$29,995. With $1,995. Down & $265.60 Per month
PROPERTY “J”
Parcel No. 622 .55 acre of waterfront land – picturesque views
84.968 feet of water front and 278.645’deep
$27,500.00 with $1,500. Down & $246.62 per month
PROPERTY “K”
Parcels No. 632 & 633 together they are well over an acre with
prime sandy beachfront & high island views
$49,995.00 with $2,995.00 down & $445.81 per month
Corozal Bay, Lowry Bight Area
PROPERTY "L"
FOUR River Front Mountain Properties- average 1- 1/2 acres each, on paved road with electricity, along the Hummingbird Highway, From $28,000.all available with only 5% down payment and easy payments.
MAYA MOUNTAIN PROPERTIES
CAYO & STANN CREEK DISTRICTS
PROPERTY “M”
15 Acres with spectacular mountain views and a year round flowing creek running through it. $3,000. Down and $454.49 per month
PROPERTY “N”
18 Acres in the midst of the Maya Mountains, where the air is perfect quality. Hummingbird Highway, 25 minutes south of Belmopan.
$3,000. Down & $454.49 per month
PROPERTY “O”
Riverfront, small acreage parcels (average 2 acres) in the heart of the Maya Mountains. Frontage on the Hummingbird Highway and on a beautiful, crystal clear bubbling river. only $1,995. Down and $326.49
SEAFRONT – STANN CREEK DISTRICT
PROPERTY “P”
TAKE OVER PAYMENTS……. on this spectacular sandy beach front in Hopkins at the north end of the Village, 60.74 feet sea frontage x 90 feet deep, city water, electricity and coconut trees. Ready to build on immediately.
Previous buyer has defaulted on the payments of $773.24 per month – you can assume this contract by paying the payments that are due .
Take over the contract with full credit For the $ 9,900. down payment that has already been made!
Contract balance is approximately $90,000.
PROPERTY "Q"
72 Acres: sea front, high, dry & wooded. 4400 feet of Government Road frontage and over a quarter mile of waterfront make it prime development property. Just over the ferry from Orchid Bay Resort www.orchidbaybelize.com
$595,000 - Owner financing with as little as $25,000 down, up to 30 Yrs. Land contract with Lot release available. This is one of the fastest growing areas in Northern Belize & and excellent opportunity to enter the development field with minimal down payment and development costs.
PROPERTY R
SARTENEJA SEASIDE PROPERTY FOR SALE
Parcel Number 263, location shown on attached maps
$59,900.
With 5% down payment ($2,900.) on owner financed land contract as low as $489/mo.*
Based on balance of $57,000. @ 9 ¾% for 30 years
The Property has 60 feet of great sea front x 130 feet deep, beautifully wooded, high and dry ready to build on
Roads and Electricity
Just a few minutes south of Sarteneja Village
As with all properties that we have for sale, you have the right to exchange for any other property that we have on our website, with full credit for all monies paid in toward your new property, until the property is paid in full.
Interest rates range from 6 – 9 ¾% depending on the amount of down payment and length of contract.
FREQUENTLY ASKED QUESTIONS BY THOSE INTERESTED IN BUYING LAND IN BELIZE (All $ amounts are in US Dollars)
ALL LAND PARCELS OFFERED BY THE SELLER COME WITH A “TRADE IN OPTION”…….. At any time during the course of your land contract you will have the option of exchanging your land parcel for any other land parcel that is offered by the Seller.
100% of the principle paid in will be credited toward the down payment of any other parcel that may be available. You may upgrade, downgrade, even change to a different district, or a different type of property. New properties are constantly coming available.
- What are the real estate tax’s in Belize?
Very Economical. Seafront commands the most - $50.00 per acre per year for each acre within ½ mile of the sea. A 2 acre seafront parcel will be $100. per year, a half acre parcel, $25. Per year, etc. Off water properties, less than 30 acres , and more than ½ mile from the sea, are only 50cents per acre per year. 31 acres up to 300 acres are $2.50 per acre per year.
Currently there is a land tax only, with no additional tax when you have a home on the land.
- Why are the interest rates so high in Belize?
Banks pay from 7% to 8.5% interest on their savings accounts. They lend out at a minimum of a 5% spread and can only lend out a certain percentage of their deposits. Each Bank must maintain reserves in the event that their depositors want to withdraw their money. Borrowing from a Bank in Belize, you can expect to pay somewhere between 12% and 27%, depending on the purpose of the loan and the collateral. Additionally the interest rate is calculated on the initial loan amount, rather than the declining principle balance, making borrowing here extremely expensive.
Interest rates quoted for land purchases from Belize Land Office, are simply interest, calculated on the outstanding declining balance.
Those that are interested in inquiring about an interest rate lower than what is available here, should explore the option of utilizing assets in their native country. Securing a home equity loan or similar financing there, could quite possibly be at a much lower rate than is offered here.
- What are closing costs?
During the course of the contract there are no extra charges. You pay the down payment, enter into the land contract and commence monthly payments. At the time that you have the land paid in full, you will pay the Government of Belize a conveyance transfer tax of 5% of the purchase price of the land, with the first $10,000. Being exempt. Example: purchase a property for $19,995. – the conveyance tax is calculated on $9,995. The conveyance tax is $499.75, paid to the government of Belize at the time the transfer is done. In addition there is a $15.00 recording fee for the new land certificate that has been issued in your name.
There is no capital gains tax here. The conveyance tax at the time you purchase is all there is.
- Do I need an Attorney to purchase land?
Many Attorneys are available here to help you with your purchase, they generally charge 2% of the purchase price of the land. The Country of Belize recently went through a simplification of the land recording and ownership process in portions of the Country. These are referred to as “registered areas”. If the land you are buying is within a registered area, it is a very simple process for you to view the register and know if the land you are considering is owned outright, and if it has any mortgages or encumbrances on it. If the land is not within a registered area, it is a bit more complicated process and would be worth your while to retain the services of a title searcher which average $200.00. Belize Title Insurance is available for 2% of the land cost.
- How long will I have to take advantage of the “trade- in Option”
This can be done at any time prior to the land being paid in full and the land certificate being recorded into the Buyers name. Many people purchase a land parcel without coming to Belize to view it first. This option allows them the flexibility of checking out many different areas of the country and many different types of land (mountains, inland water, seafront, etc.)
- What is Belize like?
It’s like stepping back in time 50 years. Most of the roads are gravel, the pace is slow, most business’s will close down for the mid day lunch hour and at noon on Saturday, staying closed until Monday morning. The weather is magnificent and the country is Beautiful. It’s nickname of “The Jewel” is certainly justified. The population is diversified, a wonderful opportunity to meet people from all over the world. There are 12 Mennonite Communities throughout the Country that grow most of the food that we enjoy and export.
We are including a portion of a recently published article. View the entire article at
http://www.vancouversun.com/travel/Life+Beach+Belize/803958/story.html
Life’s A Beach in Belize
Ecotourism and oceanfront main attractions
Nestled in the Caribbean, Belize’s barrier reef, the second-largest in the world, and Mayan ruins are drawing tourists and property buyers. A growing eco-tourism sector and English-speaking populace add to the attraction.
Where is it? Belize is a small Central American country on the Caribbean Sea, bordered by Mexico and Guatemala.
What’s so special about it?
The country was previously known as British Honduras until 1973. It gained independence in 1981, after more than a century as a British colony, but remains part of the Commonwealth and English is its official language. Two-thirds of the country is covered in lush forests and the 386
kilometer coastline is guarded by a barrier reef. With a population just under 300,000, Belize was named “the best long-range investment site in the Caribbean” by Caribbean Dateline Magazine.
Best-kept secrets Belize has strived to develop its eco-tourism market. Its jungles and reefs are home to a diverse array of flora and fauna, including endangered species such as the manatee and jaguar. Tourism is now the second-biggest industry in the country, accounting for 18% of GDP.
- What can I expect for Development Costs?
- Water: In most of the Villages and Towns there is a central water supply system that
you can connect to. This is a minimal cost and your water bills run $5.-$10. Per month.
If you are not within the developed Village or Town area, then you would drill your own
Well or catch water off your roof, storing it in water tanks. We have a drilled well with a wonderful yield. It was drilled by a Mennonite Drilling Company, is 26 feet deep with 6” casing. Today’s pricing for this would be one side or another of $700. This requires a ½ HP jet pump to draw the water out of the well. You can bring one in or buy one locally. Those without power use a windmill to draw the water up.
- Septic: Is by individual systems, you can make it as simple or complex as you like.
Most homes use a perforated 55 gallon drum, perforated. Larger usage systems are a concrete tank with a soak-away. Many homeowners are still quite happy utilizing the outhouse in the back yard, rather than opting for indoor plumbing.
- Electric: Is now available in most of the Villages. In the outlying areas it more than likely will not be available and anything labeled as pre-development, will not have electricity extended to it yet. Many people are building utilizing wind and solar power even if they are on the grid. The electric usage charges are on the high side, about 20-25cents per kilowatt hour, depending on the usage (the more you use, the higher the rate)
The local provider is Belize Electricity Limited.
- Cost of Living:
- Heating and Cooling are not necessary. Compared to heating costs in the north, these savings alone might pay for your entire winters stay.
- Food is less than the States. Restaurant prices are about ½ the amount you would expect to pay in the States.
- Medical and Dental is extremely low cost and good quality. Holistic healing and preventative natural remedies are widely available. We are fortunate to have a Mennonite Holistic Hospital near us, where people come from several countries for treatment.
- Cost of Fuel: While the cost of fuel has been fluctuating, it is currently running $3.75 a gallon of diesel and $4.50 a gallon of gasoline.
- Cost of vehicle registration: $50 - $100. Per year, depending on size of vehicle – no personal property tax
- Cost of vehicle insurance: We pay $175. Per year. You can place your insurance in suspension when you are out of the country, so those spending only 6 months here receive the benefit of insurance for 2 years.
- How much will it cost to rent a place to live?
Every level of accommodation is available. You can rent a local home, unfurnished
from as little as $150. per month. For an American Style apartment or condo you can
expect to pay from $600 –$1,200. Per month depending on it’s location, if it is furnished, if
it includes electric, propane gas, water, exterior maintenance, etc.
There is a good rental website that is just getting started. Check out: www.rentals.bz
- Is there internet service available?
Yes, wireless internet and cell phones are everywhere. We pay $41.00 per month for
unlimited internet access, after purchasing a modem for $110, and paying a $88.
security deposit, refundable after a one year term. There are cell towers throughout the
country.
- Is there cable TV available?
In the towns, yes. In the Villages and outlying area’s, No. If you are not in the densely
Populated area it is not cost effective for the company to run the lines out. You would need a dish and a service provider to have anything more than the basic reception that you get with an antenna. We are not affected by the recent transformation in the States, we still enjoy several free channels with just an small antenna.
- Are there Building restrictions or zoning requirements?
You can pretty much build what you want – any size, any shape, concrete, wood, pimento or thatch. People build small here, as it’s mostly outdoor living. They are just now starting a building permit requirement in the more populated areas, so it’s good to inquire about each specific area before commencing the structure. Belize has adapted the BOCA building code of the US for electrical service and installations, but for the basic structure, you can still Dream It and Do It on most of the properties offered for sale.
Be sure to read the FAQ (Frequently Asked Questions) on our website at:
www.belizelandoffice.com – for immigration requirements, work permit costs, etc.
