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Take some time to consider your priorities and the features and functionalities you require of your new property. Whether you’re interested in investment property, or looking to purchase a new home, together, we can assess your needs and find a property that will fulfill, if not exceed, all of your property must-haves. 

A few things to consider when creating your priority list are:

  1. Price 
  2. Location
  3. Future needs

We all have varying needs, and some of us may favor a larger backyard for a longer commute, or trade an extra bedroom for a larger kitchen to entertain guests. The number of bedrooms may be more important to a growing family, or a bungalow might be necessary for someone who has difficulty climbing up the stairs. We will be there every step of the way to help you narrow down the choices and find the property that best suits your needs.

Making an Offer

One very important part of purchasing property is the negotiation process. This is where Capital Property Brokers Ltd. comes in; we will utilize our immense experience as skilled negotiators in the Belize real estate industry and combined knowledge of the market to bring you the best possible financial outcome on your property deal. It’s a buyer’s market so you need a real estate company who knows the ropes and can help you to close the deal fast.  

Once you’ve viewed the properties of interest, we’ll sit down with you to narrow down the one that best suits your needs. We will then advise you on making an offer on the chosen property and be with you every step of the way to ensure that you’re getting the best deal possible. 

There are a number of factors that will influence your decision on what to offer on the property. Market conditions are always a main factor. For example, if it is a “buyer’s” market, you will have some wiggle room when negotiating for the price of the property. In a “seller’s” market, you may want to place your best offer up front in order to be chosen by the seller. You may also want to consider the values of the properties in the immediate vicinity of the one you want. These figures must be analyzed so that a realistic value for the property can be established. 
Keep in mind that a purchase offer is legally binding, and will be explained in great detail prior to submitting an offer. 

Property Buying Tips

  1. It’s true, buying a property is one of the biggest decisions you can make, so it can prove to be very important to buy a property that will most likely increase in value. 
  2. Negotiate! Belize has a very limited pool of interested, financially capable buyers, thus leaving many sellers dependent on foreign buyers.  Don’t jump at the first deal that comes your way.
  3. Try to spend as much time as you can in Belize just researching prospective buys.  This will save you lots of money in the long run when you realize that you could purchase real estate that is twice as good for twice as less.
  4. Buyers beware! This applies to just about anywhere in the world.  Remember that most of the real estate agents in Belize aren’t licensed and may not provide full disclosure on properties.  In Belize, there are sometimes two prices, one for locals and one for foreigners.  Try to get a local agent to do the “shopping” for you.
  5. It is advisable to utilize a buyer’s agent to conduct all your searches, negotiating and purchase management as a buyer’s agent has a duty to represent your interests, while a listing agent represents the seller’s interests. 
  6. Be very selective when choosing your Real Estate Agent. Choose an agent with experience in working with buyers and knowledge of the area you’re considering. Make sure your agent isn’t overly aggressive and “pushy”. 
  7. Check to make sure that interest rates are relatively low when making a financed purchase. High interest rates can mean the difference between the property of your dreams and an affordable mortgage rate.
  8. Be sure to include a contingency for a home inspection within your purchase offer. Make sure you get a written report from your inspector(s) including an estimate of what any repair costs may be. This way, you can use the inspection report as leverage when negotiating to get the seller to make necessary repairs or to reduce their initial selling price. 
  9. Keep copies of everything! From a submission of offer, to personal documents given to your financial institution. Don’t be afraid to ask questions and to request a copy of any document discussed and/or signed. 

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