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#251954 - 12 February 17 10:43 pm - America/Chicago Ensure property is Authenticated before purchase!
D InTheShade Online   content

**

Registered: 01 February 08
Posts: 951
Loc: Calgary, Mile 5 Southern Hwy
I am struggling to see so many people ripped off on property deals. Also alarming is the length of time involved to realize the purchase has gone south.
Here are a couple sure fire ways to KNOW what's going on.

1. Ask seller (yes even a "realtor") for a Land Tax Statement, it is the simplest way to identify the land in question is truly subdivided. Also, the lands department will not permit land transfer if the taxes are not paid up. Any credible realtor should know this. If it cannot be provided, walk away. That statement will indicate the owners name to ensure you are dealing with the right person.

2. Hire a Belizean lawyer to handle the transaction. They will start with a "land titles search" using the tax statement as an identifier. Ask the lawyer to provide you with a lot plan from the Land and Surveys Department.

3. Take the lot plan and spend $30 on a hundred foot tape. Ensure you are at the correct lot and measure the property pegs. You do not need to be a surveyor to find gross errors.

These are the minimum nut and bolt items that MUST check out before proceeding with your hard earned money!!

Dave
_________________________
2 Acre Lots For Sale, http://cohuneacres.blogspot.com/
Sub Umbra Floreo

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#251961 - 13 February 17 9:56 am - America/Chicago Re: Ensure property is Authenticated before purchase! [Re: D InTheShade]
GZboat Offline

**

Registered: 18 June 06
Posts: 2416
Loc: Tarpon Springs, Fl./Copper Ban...
Good advice Dave, really good advice. That's the tightest synopsis I've seen covering what you must do to buy property safely in Belize. When you look at it, it's not that much. Not much different than the necessary steps in the states.
Greg

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#251963 - 13 February 17 10:06 am - America/Chicago Re: Ensure property is Authenticated before purchase! [Re: D InTheShade]
Osprey Offline

**

Registered: 22 March 04
Posts: 144
Loc: Placencia, Cape Cod, MA
That was very well stated and anyone considering purchasing property in Belize should follow this to the letter. If the realtor you engage balks at these requirements WALK AWAY and find an honest realtor.

Don't ignore any of these three requirements above: I know a couple that was scammed by the realtor who told them the lot in Placencia went from the sidewalk to the sea. In reality there were two lots between the sidewalk and the sea and the realtor had erased the line on the plot plan they gave to the buyers that showed there were two lots. #2 above would have revealed that there were two lots and measuring the lot as in #3 above would have confirmed the subterfuge.

Don't engage ANY realtor that wants to cut corners anywhere in the process. Each step is designed to protect you and the seller.

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#252029 - 24 February 17 6:33 pm - America/Chicago Re: Ensure property is Authenticated before purchase! [Re: D InTheShade]
D InTheShade Online   content

**

Registered: 01 February 08
Posts: 951
Loc: Calgary, Mile 5 Southern Hwy
An authentic property peg in Belize is often called a Property Stone.
Typically, 3" by 3" by 24" pre-casted concrete projecting about 6" out of the ground.
They have a couple pieces of rebar cast inside to hold them together.
If the grass is deep a metal detector will help to locate.

Seen property peg/stone after a bush hog has clipped it.
Just a couple bent rebar's sticking out. Must have made some noise. haha
_________________________
2 Acre Lots For Sale, http://cohuneacres.blogspot.com/
Sub Umbra Floreo

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