Sure some of the real estate agents actually go through the formalities
of renting an office and purchasing a local business license.
BELIZEmagazine.com estimates that there are roughly thirty-four
companies that could qualify as legitimate real estate companies,
along with another handful that operate only in cyberspace. Of
course even some of those legitimate real estate firms also offer
on their websites a wide variety of services, from selling "hot
sauces, honeys, jellies and gourmet meats" to automobile
insurance to a cave tubing tour.
However, those proclaiming to be a real estate company are
not the only ones getting in on the game. For just about every
taxi driver, tour guide, tour operator, bartender, restaurant
owner, waiter, waitress, housekeeper, bellman, boat captain,
bus driver, electrician and taco street vendor in Belize will
try to sell you a piece of property. In their efforts, they
will explain that they represent their aunt or uncle, their
father or mother, their cousin, nephew or niece, their next-door
neighbor as well as their brother or sister now living in Miami
or New York or Houston.
And who cares if the land is leased with no clear title. They
will explain to the interested buyer that they can take the
leased land to title after you pay them the down payment. That's
all it takes in order for them to do a survey and then take
the survey to the lands office in Belmopan. Once there, the
government will establish a price for them to buy the land,
at which time a title is created. Of course the one thing they
often forget to tell the prospective buyer, that after they
have used your funds to get the title, they might just turn
around and jack the price. Reason being, that old piece of worthless
leased bush land is now clear titled land, its value has increased
threefold and they know it. It's at this point that they have
indeed realize and explain straightforwardly and direct, "I
sold it to you too cheap".
Then there are the countless developers and their elaborate
and tastefully presented projects with names like Scarlet Macaw
Resort, The Phoenix, The Placencia, Sanctuary Bay and Bella
Maya to name only a few. These beautifully designed resort properties
are collectively redefining the landscape of Belize. And surly
as property values from the Jersey shore to Cape Hatteras to
Hilton Head to the Florida Keys along the east coast of the
United States, as well as the entire west coast from Seattle
to San Diego soar even higher, the new multimillion dollar resorts
are increasingly reflecting what lies ahead for Belize.
So the next time someone stops you on a street corner in Belize
and says to you and your wife in English in what you detect
to be a slight Spanish accent, "hi guys, is this your first
time in Belize??" don't necessarily stop in your tracks
thinking you have run into a long lost friend. And if you do
stop, then don't be surprised that as you stroll off with your
new found friend in tow towards a watering hole that just after
that first round of Belikins hits the table on your tab that
the question pops up, "so guys, have you ever thought about
the benefits of owning an interval timeshare property ownership??"