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additional expenses when buying property

Posted By: jlee

additional expenses when buying property - 03/17/12 12:59 AM

After buying property in Belize what are the additional expenses one has to pay. For examply stamp duty, transfer fees, title search, etc. How would one calculate these expenses on lets say a $200,000 property?
Posted By: TravelinMan1

Re: additional expenses when buying property - 03/17/12 01:09 AM

stamp Tax ($210,000.00 USD - $10,000.00 USD x 5%): $9,500.00 USD
Filing Fee: $15.00 USD
Title Opinion: $250.00 USD
pro rated item (property taxes, HOA fees, insurance if applicable).
Legal fees (1% or 2% depending on who you use in some instances less).
Re-survey (if you are buying property you should always have it re-surveyed): $400 USD but it depends on the size of the property
Posted By: jlee

Re: additional expenses when buying property - 03/18/12 12:53 PM

Thanks for your help. Much appreciated
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