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

**

Registered: 01 February 08
Posts: 962
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: 2448
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: 147
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 Offline

**

Registered: 01 February 08
Posts: 962
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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#252842 - 30 October 17 8:28 am - America/Chicago Re: Ensure property is Authenticated before purchase! [Re: D InTheShade]
MarvinM Offline
Junior Member

Registered: 29 October 17
Posts: 1
Loc: Consejo Village
Would they have these stones in Consejo Village north of Corozal? I'm looking at a property that appears to have the rear neighbor's shed built on the last 10 feet of property.

Thanks,
MarvinM

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#252844 - 30 October 17 12:10 pm - America/Chicago Re: Ensure property is Authenticated before purchase! [Re: D InTheShade]
GZboat Offline

**

Registered: 18 June 06
Posts: 2448
Loc: Tarpon Springs, Fl./Copper Ban...
Perhaps. My property in Copper Bank (also Corozal District, but across the bay), has one stone and 3 driven pieces of rebar. A visit to the Lands Office might produce a survey from the last sale or from the time the Lands Office records were modernized. That'll show what should be there, but only paying for a certified survey yourself (or getting the seller to do it) will tell you what's actually there now and where that back line ought to be. Good luck and be careful.
Greg

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#252848 - 02 November 17 9:16 am - America/Chicago Re: Ensure property is Authenticated before purchase! [Re: D InTheShade]
chris45 Offline

**

Registered: 02 May 09
Posts: 455
Loc: Belmopn
The advice given by D In the Shade is as others have said, spot on. I would only add that hiring a reputable lawyer should be the first step. I once tried to buy a piece of land where the documents supplied by the "owner"were ok to my eye, even the Lands Tax document was up to date. However my lawyer (Barrow and Williams) discovered that the lot was the subject of a Supreme Court order freezing sale or development of the lot because of disputed ownership dating back many years. Needless to say I retreated at speed.
Moral of story-get a lawyer, and do not listen to promises and assurances from the "owner" no matter how plausible.
_________________________

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#252850 - 03 November 17 10:03 am - America/Chicago Re: Ensure property is Authenticated before purchase! [Re: D InTheShade]
GZboat Offline

**

Registered: 18 June 06
Posts: 2448
Loc: Tarpon Springs, Fl./Copper Ban...
Barrow and Williams handled my initial property purchase as well, and did a great job. They caught an unpaid tax problem early in the process and informed me directly (in the US), much to the displeasure of the real estate agent I was working with. It was precisely what they should have done and they did it. The problem was handled and the sale went through without further problems. The services of a competent real estate lawyer while purchasing property in Belize is, in my book, an absolute requirement.
Greg

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