What NOT to Do in the Belize Real Estate Industry

If looking for Belize real estate, do not miss the planned communities in the beautiful Corozal District of northern Belize. Belize as a country and as a tourist destination is Mother Nature's best kept secret. This planned community is a world class community giving you the pleasure of living and enjoying life on your terms, a thing for which people crave the most in this materialistic world. ™

Corozal District, lovable to the core:

Corozal District is nestled like a crown of nature's beauty in the northern part of picturesque Belize. Corozal District has loads of unique tourist places to attract people from within the country and all over the world.

Corozal, a scenic and peaceful District, has much to offer:

Bacalar Chico Marine and Wildlife Reserve is geographically closest to the Corozal District. It is a world heritage site where a variety of flora and fauna blossom. This majestic nature's reserve is accessible by boat.

Cerros, located on the northern peninsula in the Bay of Chetumal across from Corozal Town is the only Maya site in Belize situated along the sea coast. A lot about Maya culture can be learned here.

Progresso and Cocos Lagoon are among the best in the world for lagoon side-picnicking. Both Lagoons serve as a passage for boaters to the Caribbean Sea. These waterways in the Corozal District are located only 10 to 12 kilometers from the Caribbean Sea.

Sarteneja Village is a jewel of northern Belize. It provides the best panoramic view of emerald-colored Chetumal Bay. Visits to the archaeological site of Cerros, Rocky Point, and Bacalar Chico National Park can be easily arranged.

Planned Community in Belize

The planned communities here display all kinds of amenities, recreational activities and beautiful housing designs. Initially, the community will be maintained by the developer and afterwards will be turned over to the Community Association Limited, the Property Owner's Association. Property owners share each of the community amenities.

Property Owner's Association

One superbly striking feature in the planned communities is the Property Owner's Association (POA).

After development all of the community facilities will transfer them to the POA.

The POA collects minimal funds from the owner's to maintain the community facilities. An Architectural Review Board has been established to maintain the architectural integrity of the community.

Recreational activities in the community include a large, community swimming pool, clubhouse, community pier and boat launch, which would otherwise be hard for individual property owners to afford on their own

The POA maintains community harmony, a most necessary aspect for peaceful living.

Progress with the Planned Community

The infrastructure made available in the planned community is par excellence. Water, telephone and electric services are already available to every property owner.

Recreation has been taken to an altogether new level here. A community clubhouse, 60 foot swimming pool, community pier, boat launch into Lagoon, volleyball court and a 20 acre fruit orchid is available to every property owner. Boaters have an access to the Caribbean Sea through Progresso Lagoon and Cocos Lagoon. This seems like a dream, but it is surely a reality!

Here you feel comforted that you will be dealing with great land and experienced developers. Your Belize property purchase can be financed internally through the estate. There is no middleman since the authority buys, develops, sells and finances their land on their own.

You need not worry about your purchase deposit here. It is in safe hands with an attorney as escrow agent who holds the purchase deposits for security and peace of mind.

Mexico and other Central and South American countries generally do not provide a fee simple title to property purchasers. Here you own your property with fee simple title. No such terms as fractional ownership or time- share exist. You are the sole owner of your property. Fee simple title may be taken individually, jointly or in a corporate name. It is completely the purchaser's choice. Impressive!

At the planned community, you can live with nature's beauty at its peak!

The real estate market is the economic sector that involves the buying and selling of infrastructure such as buildings either for residential purposes, business premises, and the industry segment. Like any business sector it is susceptible to the economic forces of supply and demand. The main people involved in this field include the owner, renter, developers, renovators, and the facilitators.

This sector has a number of characteristics that are specific to it. Real estate is durable since the buildings can last for many years while the land it stands on is indestructible. As a result the supply is composed of a large share of already pre-existing stock and a tiny percentage of new development. Thus the stock varies in price only according the deterioration, renovation, and the new development coming up.

Stock in this sector could be referred as heterogeneous since every piece is unique. All buildings are different in terms of the location they are situated in, their structure and design as well as how they are financed. Change in this field takes quite a long time. This is as a result of the long duration involved in financing and construction of new property.

The real estate has the very unique feature in terms of the buyers in this market. The property can be purchased either as an investment with the expectation of earning returns or as a consumption good with the thought of using it. Individuals could also invest in the market for both reasons whereby they use the property for a while before selling it at a profit. As a direct result of its dual nature, there is a high demand since individuals tend to over-invest in this sector.

Immobility is yet another characteristic unique to this sector. The properties as well Ambergris Caye Real Estate as the land it lies on are both immobile. As a result there is no physical market place meaning one has to go to where the property is situated. Therefore this issue makes location a prime factor before investment.

The main factor in demand for property is demographic, that is the population size and growth. The demographic composition plays a huge role in determining the demand and as a result the price. The performance of the economy also affects the performance of the sector since it plays a role in the ability of investors to take loans and mortgages for financing their business ventures. Naturally, the pricing determines the level of demand in the sector.

There are a number of ways to finance investment in the real estate market from government and commercial institutions. Financial aid can be obtained from commercial banks, savings banks, mortgage brokers, life insurance companies and other financial institutions. However, the best practice still remains getting funding from your own savings.

In view of the recent real estate market crash it is best to follow some guidelines. As a buyer ensure that the price you pay for the property matters a lot as well as the ability to dispose of the purchase later down the road. If not it is advisable to downsize your mortgage to be on the safe side. As a seller, identify when it is the right time to put your property on the market in order to avoid low offers.