Expat Community > Belize

Garpy
Joined 2017
Posts: 59

Leasehold or freehold advice needed

7 years ago

Hi All

I've been reading these forums for quite some time now as a non-member but needed to join to ask a question that I just can't seem to find an answer to. (and another question I'm unsure of the answer)

I'm looking at buying a property through auction. I've already placed my tentative bid which was accepted. It still needs to go to auction and my bid could be beat but this is as I understand the first part of the process.
I understand that I can have an agent place my bid for me BUT I need to physically be there in person to sign. That's question 1. Hate to fly down for the auction only to sign if my bid is beaten.
Does anyone know if that is in fact true.

My bigger question is, the property is listed as a LEASEhold property. (It's regular land and a house not in any development)
My realtor says I can simply get the paperwork changed to FREEhold after buying it. I was told elsewhere that only a Belizian can do that.
I'm a little nervous about that. Does anyone in the know have the answer?

Thank you in advance

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