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#252910 - 10/14/07 02:36 PM Purchase in Belize  
Joined: Oct 2007
Posts: 3
suz Offline
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suz  Offline
Does abyone know about using a paralegal versus an attorney in Ambergris Caye. It seems like you can use a paralegal but we are wondering if they any good to use to purchase property.

#252917 - 10/14/07 06:38 PM Re: Purchase in Belize [Re: suz]  
Joined: Jun 2001
Posts: 1,301
dabunk Offline
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dabunk  Offline
Attornies here are much less expensive than in the States. Stick with an attorney, we just finished a purchase and it was the best money we have invested yet.

#252919 - 10/14/07 06:44 PM Re: Purchase in Belize [Re: dabunk]  
Joined: Oct 2007
Posts: 3
suz Offline
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suz  Offline
Funny you say that. Isnt an attorney 2% of the cost of purchase? Because that is more than what we pay in Canada. But we did think it is better to go by an attorney. By the way where did you buy a place.

#252920 - 10/14/07 06:44 PM Re: Purchase in Belize [Re: dabunk]  
Joined: Apr 2000
Posts: 8,868
SP Daily Offline
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SP Daily  Offline
The usual legal fee is 2% of the purchase price...attorney or paralegal.

#252924 - 10/14/07 07:44 PM Re: Purchase in Belize [Re: dabunk]  
Joined: Dec 2006
Posts: 993
Bill Mc Ghee Offline
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Bill Mc Ghee  Offline
"Attornies here are much less expensive than in the States."
Rather a broad statement! My wife and I completed a Home purchase of over 150K and the Attorney fee was $500.

Under the 2% rate that would have been $3000 +.

I do agree with you though to Definately get an attorney.

I am of the belief that Fees vary from state to state. Jusat as the broker fees do. I have no idea what the fees are in Canada, but I'm sure NOvascotianut or someone else can tell you.

#252928 - 10/14/07 07:48 PM Re: Purchase in Belize [Re: Bill Mc Ghee]  
Joined: Apr 2000
Posts: 8,868
SP Daily Offline
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SP Daily  Offline
Bill, did you make a cash purchase and get title at closing? Or did you purchase via Agreement for Sale where you will get title when you finish paying?

#252932 - 10/14/07 08:05 PM Re: Purchase in Belize [Re: SP Daily]  
Joined: Jun 2001
Posts: 1,301
dabunk Offline
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dabunk  Offline
We bought 9 miles outside of Punta Gorda in Toledo district.

#252934 - 10/14/07 08:57 PM Re: Purchase in Belize [Re: SP Daily]  
Joined: Dec 2006
Posts: 993
Bill Mc Ghee Offline
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Bill Mc Ghee  Offline
Jesse. We financed through our bank. They will hold title till I pay it off. I have a 30yr fixed mortgage. the lawyer was involved in making sure there was clear title and that the Bank agreement was solid. and that the Realestate agent had all the I's dotted and the T's crossed


Never Use money to measure wealth
#252942 - 10/14/07 10:18 PM Re: Purchase in Belize [Re: Bill Mc Ghee]  
Joined: Oct 2007
Posts: 3
suz Offline
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suz  Offline
Bill, would you be able to recommend you Lawyer's name to us.

#252944 - 10/14/07 11:28 PM Re: Purchase in Belize [Re: suz]  
Joined: Dec 2006
Posts: 993
Bill Mc Ghee Offline
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Bill Mc Ghee  Offline
Suz.
I believe there has been a misunderstanding. I'm sure now that it is my fault. I initially replyed to Dabunk about his comment on Lawyers being less expensive in Belize as opposed to the U.S. What I was trying to convey was that that might not be necessarily so. As a 2% (of purchase price) number was mentioned as a lawyers fee in Belize.
I was attempting to point out that that was not always the case. The purchase I made was in South Carolina and the lawyer charged $500. Not a percentage of sale price.
I have not made a home purchase in Belize. I don't know any lawyers in Belize.
Sorry for any confusion I may have caused.

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