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Omega Real Estate Belize founded by Realtor Urbie Alamilla in 2003 and built on trust and integrity. Omega will assist you with your sale, purchase, rental or lease of private properties, apartments and commercial properties. At Omega Real Estate, you are number one.
Whether you are a property owner, tenant, or buyer, we value your business and will provide you with the individual attention and service you deserve. We believe in a strict Code of Ethics. We believe in integrity, commitment to excellence, a professional attitude, and personalized care for our clients.
Our core values are trust, client success, innovation and equality. We are here to see you through the process from start to finish. Si hablo español!
Omega Real Estate Belize continually builds on our commitment of service to our clients through education and knowledge in the real estate industry. Real estate designations insure you’re working with the best: Graduate of the Real Estate Institute, Seniors Real Estate Specialist and Belize Association of REALTOR®s.
Urbie Alamilla is the founder of Omega Real Estate Belize. Involved in all aspects of the Real Estate Market in Belize, from managing rental property to listings, sales and with over 1031 exchanges, Urbie is an expert in working with tenants, property owners, buyers and sellers.
Omega Real Estate Belize founded by Realtor Urbie Alamilla in 2003 and built on trust and integrity. Omega will assist you with your sale, purchase, rental or lease of private properties, apartments and commercial properties.
Yes. It is exceedingly easy to buy a home and/or land in Belize contrasted to elsewhere.
A foreigner has the same rights as a Belizean citizen to property ownership. If you are researching this and come across a reference to an “alien landholding license” or the Alien Landholding Act, please note that the Act was abolished in 2001. And now foreigners have equal property ownership rights.
No! Many Belize property transactions are completed when one or both of the parties (i.e., buyer or seller) are outside of Belize. The real estate transaction documents are sent to the absent party or parties via FedEx and executed in front of a notary public overseas. Purchase offers can be submitted by facsimile, which is legally binding in the country.
Belize property taxes are affordable. Most properties are taxed at 1.5% of its assessed value, and assessments are usually 10-30% of the property’s market value.
Compare this information with other countries and you’ll understand why so many people are buying Belize vacation homes, buying Belize land, and buying Belize property.
Hurricanes are certainly a concern in Belize, the way other natural disasters (tornadoes, earthquakes, fires, floods, etc) are a concern for people in other countries. Fortunately, Belize is located in the southwestern part of the Caribbean, which is out of the way of traditional hurricane paths. Historically, Belize has experienced a major hurricane every few decades. Ambergris Caye was hit by a hurricane in 1942 and then again in 2000.
The Government assesses a 5% “stamp tax” on the declared purchase price of the Belize property at the time of transfer of title. The first $10,000 of this declared price is exempt from payment.
Most major transactions of Belize vacation homes, Belize property, and Belize real estate are made using U.S. dollars. The Belizean local currency is also frequently used.
This can get a little tricky. There are three ways to receive financing for buying real estate in Belize:
Local financing – Local interest rates are usually in the range of 10-18% interest with fixed terms of only 12 months. Every year the loan is closed out and then renewed at the current lending rate. Local borrowing is only permitted in Belize dollars, and because many Belize real estate transactions take place with U.S. dollars, local financing is not applicable in many cases. However …
Offshore financing – Non-residents can borrow U.S. dollars through a Belizean offshore banking institution. Effective interest rates are around 12% and most offshore banks require a high degree of collateralization.
Owner financing – Belize property owners usually agree to property financing at 10-15% interest. The rate is negotiable and often less than what is available at local financial institutions.
Our experts and developers would love to contribute their expertise and insights and help you today.