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The Top 8 FAQs About Buying in Ambergris Caye, Belize
Everyday questions about a great investment opportunity...
The Top 8 FAQs about Buying In Ambergris Caye
www.BuyAmbergrisCaye.com
1. Question: Can I really get a building lot for $199 month? What is the catch?
Answer: There is no catch. Here is the Deal in a Nutshell: These lots are part of a
larger subdivision that is located on the north side of Ambergris Caye. If you’ve never been to Belize before and aren’t too familiar with it, Ambergris Caye is the largest island belonging to Belize and is actually considered part of the Caribbean islands. The lots are vacant building lots that you can build a retirement home or vacation home on or you can buy for investment as many people are doing. If you do decide you want to build many builders are available on island to build whatever you’d like from a simple log home style cabin to a sleek modern home with all of the amenities. I really like this special promotion because the lots are so affordable that almost anyone can afford to own.
2. Question: What is the Price per lot and how does the Financing work? Answer: The lots are priced at $21,000 to $25,000 U.S.
That includes all of the typical fees usually included in a purchase price plus some extras. For example, in Belize when you buy a property you are required to pay 5% in tax to the government. That is included as a bonus in the price of the lots. Also, each lot is individually titled and held in a company. This is a $950 value and again is included in the price. Holding title in a company allows many tax advantages. The titles are fee simple and are free and clear. You can pay cash for a lot or you can take advantage of the developer financing. We’ve made the financing very easy and standard for everyone. If you want to finance the purchase you simply put $2,000 US. down (per lot) and your monthly payments are $199 US. (per lot).
Only $199 US per month
The Top 8 FAQs about Buying In Ambergris Caye
www.BuyAmbergrisCaye.com
3. Question: Are there any pre-payment penalties? Answer: No, you can pay the lot off at anytime with no pre-payment penal-
ties what-so-ever. The payments of $199 U.S. are based on a 30 year mortgage at 10% interest. However you can make higher payments per month or at any time you can request that a lump sum payment be made just by calling or emailing the office. Most of my clients have told me they plan to pay of their lots in the next 5 years or so but if they need longer they can take a long as they’d like.
4. Question: How big are the lots and what can I build on them? What about utilities? Answer: The lots are 20% larger then the standard sized
lot on Ambergris Caye. They measure 60’ wide by 80’ deep. You can easily build a single family home on one lot. Some are choosing to buy 2 lots side by side or front and back to build one home on because they want extra space for a pool or a larger garden. Water in this part of the island is by rain water cisterns or wells and each home will have their own contained septic system. For electric, those who want to build immediately will need to use solar or wind power but power polls are being installed and our local electric company will be running the lines to the subdivision soon. So, for those that want to be connected to the grid power will be available.
5. Question: Where exactly are these lots located? Answer: These lots are located 3 1/2 miles north of San
Pedro Town and right in between the east and west side beaches of the island. This is an up and coming area that is in “the path of progress”. Directly to the east of the subdivision are several new high end resorts such as Las Terrazas, CoCo Beach, Indigo Resort, Mata Chica and the newest one to break ground Venezia del Caribe. Along with these resorts and hotels there are restaurants, cafes, grocery stores and tour operators all in the area. More and more development is taking place in this area and the area where the lots are located will become the area of a new town on the island.
The Top 8 FAQs about Buying In Ambergris Caye
www.BuyAmbergrisCaye.com
6. Question: Would these lots make a good purchase if I wanted to build a retirement or vacation home? Answer: If you are looking for a vacation or retirement home that is af-
fordable these lots would be a good purchase. This year we’ll start to see a lot of building take place and in the next few years this area will be very established. Picking up a couple of lots now at these cheap prices will secure your future here on the island. You can build a simple home in this area for as little as $50,000 and up to $150,000. We have a few homes plans available but you can design any style home you’d like and you are free to choose your own builder (or build yourself). I’ve found that even if this part of the island isn’t ultimately where you want your personal home to be many people interested in living here at some point in the future are buying a couple of these anyway, viewing it as a way to get in the game and actually own something here. You can always flip them in the future and buy something else.
7. Question: If I’m not really looking to live there would these lots make a for a good investment anyway? Answer: These lots have real value as an investment re-
gardless of where or not you want a vacation or retirement home here. 2 1/2 years ago when these lots first hit the market they were valued at $33,500 U.S. At that time there were no roads and no way to reach this subdivision by road and there existed no infrastructure. Since then as you can see in the photos roads have been created, access has been provided from both the east and west sides and power is well on its way. If a new appraisal were done today I bet the lots would come back at around $50,000 U.S. To pick them up at $21,000-$25,000 is an incredible deal. Many of our investors are picking up multiple lots with a view to flipping them in a few years. The financing allows investors to pick a whole block of lots with less money down then buying one lot with cash.
The Top 8 FAQs about Buying In Ambergris Caye
8. Question: It all sounds good, how do I purchase? Answer: This is the easy part.
www.BuyAmbergrisCaye.com
Credit Card Authorization Grand Belizean Island Co. Ltd. Barrier Reef Drive San Pedro Town, AC Belize, Central America
Date:
Mort__________________________ Sale gage greement for Sales Agent: Agr eemA __________________________ ent GRAN
BY AN
D D BE ________ Pa LIZE BETWEEN SALE, is made ____________ ANEMEN ____________ IS T FOR __ ck 7, THIS AGRE ____________ (Vend LAND ____ San Pe ________ BELI ________ CO. LT____________________ or) ____ __ Name (s) dro Re ZE. ____________ ____BETWEEN: ____ D . gistra ________ ____ AND ____________ _ tion Sethis payment ____ ____________ ess * A copy of your ID is requiredPain order for us to process and validate your agreement. ction rties: ________ ____________ (Purch ______ Mailing Addr ____________ ____ ____________ aser) ____ GRAN This SUPP ____ ____ LE haser(s)”), ____________ , ____ M I, ___________________________, hereby authorize Grand Belizean Island Company to charge my office D BE LI FIRST PART ____________ collectively called the “Purc situate ZEAN ISLENTAL AG THE ____ OF ____ or One ________ RE at Ba AND individually Pa CO. LT EMENT (hereinafter Purch rt and __ rrier Reef credit card as follows: FOR D., __ Dr aser”) -andof the ________ ive, San Pe a compan SALE is ma CO. LTD., __ y ND Ot of Belize dr de inc __ W ISLA o he Laws this __ Pream orpoon HERE ____ r USD ZEAN wncharged 250 of the A one time charge of $_________________ be rat rt. currency ____ toTo AS: in Pa GRAND BELI Act Chapter Caye, Belize ____ , Ambergr ed unde _____ da (1)Th ble anies ergris Amb Comp , __ r the y is e the of _of__ under , San Pedro Town istrat Vendor wa ____ Caye, Beliz Compan ________ any incorporated ion er Reef Drive Date:____________________ ____ comp or”), ND PART. ____ e District ies Acat Ch ___, __office of San Section rrants tha situate at Barri called the “Vend OF THE SECO ____ ered ______ t cu apter (hereinafter with regist ____ , Beliz (2)Th Pedro Town rrently pa he is the reg ____ e (hereina 250 of the _ BETW rt Vend ist , of $ ________________ A second one time charge (ife applicable) in USD currency on ____ EEN Laws these or ha Ambergr of a 192.8 ered ow ____ fter calle of pr d ____ (3)Th operties s agreed to is Caye, Be 1 acres su ner of Parce ________ and ___ (h “the Vend Belize with fro __________ e bd liz ere:ina or”) of follows Date: ____________________ __________ terms Vendor wa m the Ve sell the fee e District ivision kn ls ______ Lot # _____ AGREED as at Grand fte the being ALLY r __ ty nd and co sim , ca rra own gris Bay Area Beliz ____ BY MUTU or for lled “th nts tha ple to the proper obtai as Gr in the Amber IT IS HERE e clear fee simple title n any nditions t wi the sum title to the e. and Be ________ Section situate and Registration licenses of this hein A monthly charge of $ _________________ theprop _______PURC of each month beginning to buy good ____ llUSD of $_ on se lizean HASE: trans currency 7, San Pedro ____ Purchaser(s) agrees __ Ag “property”). fer Es to sell and or pe _______, Block NOW after called the es Su the_____, rmits reement pr fee simple________ erties to the Vendor agreestat __________ (herein _____ Belize IT IS Blo bd _____ t, __ neces ovide Distric ivisio is_____ck 7 titare HEREand to continue ____ rchase other le topaid__in saruntil on ________________________ fullThe orPuuntil payment #__________ n situa San PeAmbergris Caye, Belize tha y for thedlot(s) BY M rlarly ____particu Town, andParcel te dr the Pu t nothing the propert __more Pedro Purch San o 3 UT of the . 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Th ts are hly pa PLAN for the USD per lot). M e parti ___ ($2,00acceptance nt him/he nies quoteand the Pu following r a PAYMENT ym __ ($2,000.00 mortg onthly pa to begin ______ at the rch grant him/he d __________ on__ ent of $___ es agree to 0.00 US of this Ag r a PATERM age. Fo e of $_________ ym YMENS: in the Ag aser will would like the Vendor to sum of $____ and con____ D Credit Card Number:_______________________________ ent for the balanc ser(s) buy Deposit in the llowi ent is inc _____, 2012 T PLthat the ree Purcha day of ________ the paym per lot). reement, ment age Agreem gomake __________ ng fin lusive Earnest Money Mortg AN a an event _____ od of the lot(s). ma ion en on___ In Any pr are __ the Su ____ ent, and for thethis Agreem al paym execut t ke of _ ($1 title to nts are to begin agree to the e-pay ance of 99 US of the balanch paymen theanaccept Earn purch in US Do l fee which holds ent, the the annual ________ lot). Such payme 2012. ment llars.The parties ation renewa est, no _____ upont is ase Credit Card tha Type: _____Mastercard n the _____Visa _____ _______Am/Ex corp ($199 USD per purch to be_____ of__, annual corpor ___, D per lot ce of $________Discover All Pa interest of the Vend made_____n-refun payment of $______________ 20__ ). aser im oration inclusive of the __before tions as on or ____ da acc ly payment is ymen on ormonthly or media renewal _ and co all such requisi ____ t, with ts shall ru/ed ent. Note: Month befor ble 7189 _________ ntinu to the Balance tel ation, and answer __ at Expiration02 Date _________ Credit Card Verification on back ofe card_______________ y assum fee wh terms: 10% interes ethe Mortgage Agreem ents, inform the s, as Ltd. S. for credit be deposit date of at any tim folper es res ich holds for ____for _______ month e all such docum low provid su e to ty A. ed shall __ pons in full ing ter “Gran _ mo Acco thereto into At ch settle herein sh Gran to the proper ibility title totinue sers’ payment ms: the property and in relation d Be me dBilling fee simple title lan all t Credit Card Address: Beliz un for pa the lot(s) nths, as pe Upon the Purcha him to vest the ean Es #10000-42 lizean Isl tic Bank nt or pre-p not result ser’s behalf. good title to ymen throu ts thatrhethihas provided to on the Purcha and Co Loca 7-3. Fo s agree tates ayme in an and thereby t of cor warran gh l Ac The Ve ser or any Agent ces requisite office y pena nt. The Vendo mp ment. Purcha rporati out the rs and or assuran lifethe in Sa r proper cre any” or count No lties, required by Street: _____________________________________________________________________________ of the and an ndor warra n Pedr e all such transfe liabilshall be reasonablyon annu At . land and/ . ities, swer nts tha al feer shall execut o Am dit of paym lantic Ba 10018705 or her assigns the Vendo warrants of the his or price, all su or s. further se 8, (s) be nk t no ser ent, the intere or Be rgris Ov ch req he has go of the purcha seller makes supply of land s to the Purcha Caye State/Province:___________________________ st wh City/Town: Assuran___________________________ ements. The depo erseas Ac lize Bank uisitio regard to the od tit . atsoebrance clear of all encum sit rec coun res and/or improv ty whatsoever with ns as le to Lo free ver oth ca and t eipt, propert ce: The Ve representation the pr shall any and all structu sion of the proper er or a leg in the na l Accoun re, makes no and is free of vacant posses be rea op Vendor, therefo ser shall take costs ies free an ndor shall ible co me of Su t No. 67 the property is vacant land sonably erties an Country:_____________________________ Zip Code:_______________________________ er herein. The ass region. The Purcha d clear ex py the sellerga warran items contain requir d in relati r Ca ts that0-003-01 the Pu ociated the surrounding Thereo of all ecute all su ed by 1- than those on the property or with Devendings other f must iateyesurrou ent . rchase en ements to the the Phone:____________________________ ThePhone:_________________________ of this Agreem r as set the trans cumbran ch convey Purch reto shall or int immed be prov lopme Home Work Pu nt ions or improv tion of the terms is agreed that s, alterat aser or service provide hereunder, it actio rchaser he out in thi fer of the ces to the ances, tra utilityide ty upon comple d arising to proper access, s the road of dispute ns tha any At the ns fill, pr assigns, trustee enjoyment of any legal t may rein prom s Agreeme operties Purchase fers, and torne all such do full use and binds all heirs, and in the event r ise E-mail:______________________________ from or y or ag andcu arise be entitled to Agreement also Laws of Belize durin s to indem nt. the Ve upon the Pu assuran Closing ent on ments inf y of Belize. This ance with the ces g the ndor in the countr ued in accord orma the Pu curre nify and upon : The Da to the rchaser’s pa requisite tent jurisdiction tiogovern ed by and constr the Purchaser(s). rch n ho be te of ncy of by the to aseshall Purch a Court of compe ym the Vendor and ent r’s be s shall be in this Ag ld harmles This Agreem parties. Closing whatsoever of aser an ent in ful vest the fee lf. legal dispute such s the shall -tile in any form any ha ree NOTE: Completing this d l for sim sors-in of all me venue Posse Ve succes be on ve the pu exclusiple such nt co . titles istrators, and ssion ____ mmen ndor after written and/o ____________________________________ : The to theors, admin er am usrch tie formoth helps toase protect you ___ da ptcy, execut s up and year herein cingauthorization price Pu ounts in bankru seals the day on the r its assign y of __ , fees, ment. on Closing rchaser sh du their hands and and closinfroms ag ____ hereunto set ainst card fraud.e and pa all and sh ____ g date. credit yable EOF the parties have Authorized Signature any su all co take vacan ___, its, jud 20__ ntinu WITNESS WHERby INgm Taxes: _ or on e in pe t possessi _____ ents an __, 2012. on of __________ aceful such __________ chase The Vend __________ d/or the other posse of __________ or __________ r again date, ssion properties _______ day __________ this Date ed st sam shall clear place, Execut thereo an all e, the and tim f so lon d be entit Defau Buyer _______ reafte arrears of led __________ e as ag lt: In g as he r the of fiv the ev ree____________________ __________ respo property shall to full use e __________ en nsibi __________d perfo and en Date __________ the rig (5) business t that the lity for taxes due _____ rm _____ joy _____ all ou as at Date the pa tstan ment of theVendor ment ht at his op days. Th Purchaser ymen the execu ding ere __ paym de tio Buyer said t of the tio terms __________ or in ent de n to ass inafter, the faults in __________ propert n of this Ag of thi properess eq _____ an sp __________ s Ag_____ __________ the Pu uity, may ite the no a late ch Vendor sh y installm ree y taxes _____ __________ ree- _____ Date arg by rchase tic en all __________ shall ment and __________ r fails registered e, the Vend e of US$1 notify the t paymen be on Date sh Vendor 5.0 t to cu the Pu all indem __ re the mail then or, in addit 0. In the Purchase the Vend Witness nify the rchase __________ or r ser defau ev __________ r. Purlt or fai ve the Pu ion to any ent that of his exist shall grant __________ _____ the Pu ing lat and __________ the ls to set rchase Date tle the r with wr all remed rchaser fai e installm Purchase s ies r Witnes a outst andin itten notic or rights ls to settle ent paymen grace pe riod e of of actio g balan the t ce wi his inten n wh aforemen and shall have ich thin Fo tio tio rty Fiv n to termi he may no ned instal na le (45 Gran ) days te this Ag w have at d Belize law ree from an Isla the da ment. If nd Co te of . Ltd. servic Mortg e age
rcels_ Ph:Blo +501-226-4430 ____
Just let me know how many lots you are looking to purchase what you prefer as to location (a single lot, side by side lots, group of lots, etc) and I’ll look and see what is left available that meets your needs. Since I have personally seen each and every lot in the subdivision I can make recommendations on which ones I would purchase if I were you. I can take videos of the lots as well as pics and send them to you for your review. If you like what you see I’ll draft up the agreement for sale and email it to you. I’ll just need from you your legal name as you want it to appear on the title and a mailing address for our records. You’ll make the down payment and all monthly payments on a credit card so I’ll email you that form as well. We use DocuSign so there isn’t any need to print, scan and email. You just pull up the agreement, Docusign it and it will automatically be emailed back to me. When I get it I’ll turn everything in to the office and they will process the sale. I’ll send you back an executed agreement for sale signed by the Vendor and then you’ll just make your payments until payoff. At payoff we will transfer the title into your name and Fedex you the original while keeping a copy here in our RE/MAX Southwind office for you. Agree
ment
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Summary: There are only 135 lots left out of a total of 1,200. So 90% of the lots are sold. The remaining lots are being sold for $21,000-$25,000 each and you can finance them with as little as $2,000 down and pay as little as $199 per month. You can make both the down payment and the monthly payments on a credit card.
Does this sound doable for you? For more information and to learn about investing opportunities in Belize, contact:
Dennis J. Kay II
Ph: 011-501-226-4400 Or: 011-501-632-6398 www.BuyAmbergrisCaye.com