Lambsblood, depending on how the strata plan is structured at the Reef Village you may be required to wait for other buildings in your phase to be completed before title can be issued. I would depend on your developer to steer you in the right direction in regards to timing. If you are in doubt then also consult with legal counsel. Usually in condo projects certain phases include multiple buildings and the whole phase of the project must be completed before titles can be issued. If you are waiting for another building to be completed it will be a while before you will receive your title. Once the buildings are completed they need to be inspected and a few other steps need to occur before the title process begins.
Your stamp duty is paid at the time that your title transfer process begins. Once the valuation department confirms the value of your condo and confirms your stamp duty assessment and you make payment the process takes about 8 weeks before you receive a title issued in your name.
thought I should let this group know that there is at least one other Reef Village owners group on Google Groups (some of you are members of both), but for those who aren't...this is the info. best to all during this special season! Marty
You send an email to the group 'owner' Julie : firstname.lastname@example.org and she will sign you up.
This is her message on the topic: Hello All,
Just a quick note regarding the Reef Village Google Group. This is a forum where owners can post Reef Village information specifically for the eyes of Reef Village owners. I would like to encourage anyone with any information to initiate a new posting. It is great to hear from those of you who are in San Pedro and have a first hand account of the happenings, rumors etc.
If you know of someone who would like to be included in the group please send me an email and I'll send them an invitation to join our group.
Warmest regards and Happy Holidays,
Re: Reef Village Development
#264673 01/27/0809:38 PM01/27/0809:38 PM
If anyone is interested in a unit in G building...G-302...it is a 1/1 and should be finished at anytime. Top floor. These folks bought the unit and circumstances are such that they now have to sell the condo.
They wants to sell it at the price they bought it at 149k...no furniture but it is on the top floor looking at the ocean.
If anyone is interested you can e-mail me....Lambsblood@gci.net
Hello everyone - just wondering if anyone has a current update regarding Reef Village. Their website seems to have been updated in October with a few photos posted in January/08. In particular, I am interested in knowing if there are any villa sites still available. Or if anyone has changed their minds and now want to resell their villa site. Also, does anyone know of a similar sort of development with similar pricing? Aside from The Cloisters. Thanks for any info provided.
We have sent RV a couple emails a few weeks ago, but still have not heard anything back from them, other than the automated email thanking us for the interest and that someone would be contacting us within 24hours.
We hope to arrive again in Belize this April or May. This time we plan on checking out the real estate market, something that is definitely not easy from long distance internet only.