The Property Closing Process in Belize: Step-by-Step Guid

Buying real estate in Belize is a straightforward process when handled correctly. Whether you are a local buyer, returning Belizean, or international investor, understanding the closing process helps you avoid delays, protect your investment, and close with confidence.

At Lighthouse Real Estate, we guide our clients through every stage from offer to title transfer. Here’s how the closing process works in Belize.

1. Offer & Agreement to Purchase

The process begins when a buyer makes an offer on a property. Once both buyer and seller agree on:

1. Purchase price

2. Deposit amount

3. Closing timeline

4. Any special conditions

An Agreement to Purchase (Sale Agreement) is prepared, usually by the attorney.

Typical deposit: 10% of the purchase price

Deposit is held in escrow or with the attorney

2. Hire an Attorney (Very Important)

In Belize, attorneys play a central role in the closing process. The buyer selects an attorney to:

• Conduct title searches
• Draft and review legal documents
• Hold deposits securely
• Coordinate transfer of ownership

Lighthouse Real Estate can recommend experienced real estate attorneys if needed.

3. Title Search & Due Diligence

The attorney conducts a title search at the Lands Department to confirm:

• The seller is the legal owner
• The title is free of liens, disputes, or encumbrances
• Property boundaries match the title

If the land is Registered Land, the process is typically faster. If it is Deeds Land, additional historical searches may be required.

4. Survey (If Required)

In some cases, especially with vacant land, a licensed surveyor may be engaged to:

• Confirm boundaries
• Identify encroachments
• Update survey plans

This step protects both buyer and lender (if financing is involved).

5. Government Stamp Duty & Taxes

Before title transfer, government fees must be paid.

Stamp Duty:

• 5% of purchase price for Belizean citizens
• 8% of purchase price for non-BelizeansOther possible costs:
• Attorney fees
• Lands Department registration fees

6. Financing (If Applicable)

If the buyer is using a bank or credit union mortgage, the lender will:

• Conduct its own valuation
• Review title and survey
• Issue loan approval

Financed purchases typically take longer than cash transactions.

7. Transfer of Title

Once:

• Funds are paid
• Taxes are cleared
• Documents are signed

The attorney submits the Transfer of Title to the Lands Department.

Processing time varies, but ownership is legally secured once documents are lodged and acknowledged.

8. Final Closing & Handover

At closing:

• Seller receives final payment
• Buyer receives keys and possession
• Utilities and property tax accounts are transferred