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#129882 - 11/17/06 04:55 PM Im Considering Selling My Condo Need Advise.  
Joined: Apr 2006
Posts: 30
Inky Offline
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Inky  Offline
I am considering selling my AC vacation condo, and buying a much smaller one.

If I do this, I will (hopefully) make a profit. I am told that it is difficult to get BZ dollars out of the Country.

What is the best way to do this (Condo is held in a Corp).

#129883 - 11/17/06 04:57 PM Re: Im Considering Selling My Condo Need Advise.  
Joined: Jun 2001
Posts: 1,301
dabunk Offline
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dabunk  Offline
Only sell in US dollars would seem to be the easiest solution.

#129884 - 11/17/06 05:00 PM Re: Im Considering Selling My Condo Need Advise.  
Joined: Apr 2006
Posts: 30
Inky Offline
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Inky  Offline
... Condo Held in a Belize corp. (should have mentioned)
Can i simply wire transfer profits back to my own country, or are there limits?

Can I sell the Belize Corp from my own country (in my own currency)?

I know I'm asking a lot - but any in-put will be appreciated!

#129885 - 11/18/06 07:44 AM Re: Im Considering Selling My Condo Need Advise.  
Joined: Oct 2001
Posts: 5,850
Diane Campbell Offline
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Diane Campbell  Offline
Hi Inky - best to ask an attorney or qualified realtor about selling your condo.
Also best to do it one on one so that specifics of your situation are properly addressed.

You do not say what country you live in - each country has a different currency and different tax laws - contact an ac****ant in your home country to get advice on repatriating the funds.

Title to the property is a Belize legal thing.
Title to the shares in a Belizean company is a Belize legal thing.
Ergo - the transaction must be registered in Belize.

#129886 - 11/18/06 07:45 AM Re: Im Considering Selling My Condo Need Advise.  
Joined: Oct 2001
Posts: 5,850
Diane Campbell Offline
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Diane Campbell  Offline
"Accountant" --- I have no idea how that other word happened to appear!

#129887 - 11/18/06 08:53 AM Re: Im Considering Selling My Condo Need Advise.  
Joined: Feb 2003
Posts: 4,001
captjeff Offline
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captjeff  Offline
Inky , Diane is always on the money when it comes to this she knows her stuff!!!!!You need to not, I repeat not, do this yourself !!!!! Go to a expert ,on this !!!Start with a very good real,estate agent on the island ..One with a good track record,and has been here for years!!!! Not one who just came down ,to make a quick buck...Next get very good legal advice ,from a good belize Attorney who does this all the time!!! they will help you thru the full deal !!!!! If you do this alone you will have grief ...Do not do it.. the juice will not be worth the squeeze!!!


Living The Dream Every Day!
#129888 - 11/18/06 09:48 AM Re: Im Considering Selling My Condo Need Advise.  
Joined: Nov 2002
Posts: 3,035
Pedro1 Offline
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Pedro1  Offline
CJ -go to an attorney and he will never sell his condo-remember it took you months and much shouting down the phone to let your friend sell you a condo(biggest bargain ever at Royal Palms)-just use a realtor

#129889 - 11/18/06 10:05 AM Re: Im Considering Selling My Condo Need Advise.  
Joined: Feb 2003
Posts: 4,001
captjeff Offline
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captjeff  Offline
Yes brother peter , your right my point is for sure you must get Real Estate agent #1 ,but you must get a Attorney also to watch your back..It only cost money.And yes thanks for reminding me for the one hundreth time what a deal chris got me at royal palm !!!!!I almost forgot???????you have not told me that in three weeks.


Living The Dream Every Day!
#129890 - 11/18/06 10:06 AM Re: Im Considering Selling My Condo Need Advise.  
Joined: Mar 2001
Posts: 11,001
klcman Offline
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klcman  Offline
laugh laugh laugh


_ _ _ _ _ _ _________________ _ _ _ _ _ _
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#129891 - 11/18/06 11:39 AM Re: Im Considering Selling My Condo Need Advise.  
Joined: Dec 2005
Posts: 520
Scuba do Offline
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Scuba do  Offline
thats why we love Peter CJ !!


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