Want to live a Caribbean dream
Want to live a Caribbean dream
Posted 1 week ago

Belize boasts ancient Mayan ruins, lush rainforests and the world’s second longest UNESCO-protected barrier reef. This year the former British colony, which used to be known as British Honduras, celebrates 50 years of self-governance. Bordered by the Caribbean, Guatemala and Mexico with a population of 330,000, Belize is around 10…

Want to live a Caribbean dream
Tips on getting a home loan for foreign nationals
Tips on getting a home loan for foreign nationals
Posted 1 week ago

During and after the recession, mortgage programs were limited to non-existent. Recently, however, the tide has turned and credit to foreign buyers has loosened. In fact, some institutions view lending to foreign nationals as a growth market. Depending on your buyer’s resources, there may be several products that meet their…

Tips on getting a home loan for foreign nationals
Tips on how to get low offer accepted
Tips on how to get low offer accepted
Posted 1 week ago

Your strategy for making an offer on a home — and handling the follow-up negotiations — depends on several factors:  the sales prices of comparable homes, the favorability of the market for buyers, the number of other people bidding on the home and the condition of the property. Before you…

Tips on how to get low offer accepted
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Want to live a Caribbean dream

by Property Management Software on September 10, 2014

Caribbean dream house

Caribbean dream house

Belize boasts ancient Mayan ruins, lush rainforests and the world’s second longest UNESCO-protected barrier reef. This year the former British colony, which used to be known as British Honduras, celebrates 50 years of self-governance.

Bordered by the Caribbean, Guatemala and Mexico with a population of 330,000, Belize is around 10 times the size of Luxembourg and is ranked by the Caribbean Tourism Organization as one of the region’s fastest growing tourist destinations. Property, too, is in the ascendancy.

Less known than its Caribbean island neighbours for property, Belize has lashings of desirable expat attributes including political stability, English as its first language, a currency fixed to US dollar, a British-based legal system and Commonwealth membership. It also boasts retirement advantages. Retirees, classified as being 45 years and older with an annual income of US$24,000 (£14,500), can gain residency through the Qualified Retired Persons (Incentives) program, known as QRP (cdn.gov.bz / belizeinvest.org.bz).

“Although the Belize government doesn’t have the funds for a global marketing campaign, the country really has everything going for it, and various indicators put it on the cusp of becoming better known as an international property destination,” observed Ben Mason, a Belize-based British developer.

With government permissions and environmental agreements in place, construction is about to commence at Mr Mason’s boutique eco-retreat hotel the Baymen Lodge and Spa. It’s nestled deep in a pristine rainforest in the district of Cayo, with 25 freehold properties for sale.

Check out Belize! CLICK HERE

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Tips on getting a home loan for foreign nationals

by Property Management Software on September 10, 2014

home loans for foreign nationals

Home loans for foreign nationals

During and after the recession, mortgage programs were limited to non-existent. Recently, however, the tide has turned and credit to foreign buyers has loosened. In fact, some institutions view lending to foreign nationals as a growth market. Depending on your buyer’s resources, there may be several products that meet their needs and circumstances.

In the past year, lenders have begun introducing more products tailored to foreign national buyers. Loan-to-value ratios have improved and lenders are coming up with ways to work around the credit history issue. In short, there are still significant demands placed on global buyers’ resources, but mortgages are available to qualified buyers, even in amounts up to $10 million.

Typically, foreign nationals do not fit the underwriting requirements of retail banks. There are, however, three major types of institutions serving the foreign national mortgage market: local-level lenders, wholesale lenders that operate regionally or nationally, and international banks with a global reach.

Take a closer look! CLICK HERE

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Tips on how to get low offer accepted

September 10, 2014

Your strategy for making an offer on a home — and handling the follow-up negotiations — depends on several factors:  the sales prices of comparable homes, the favorability of the market for buyers, the number of other people bidding on the home and the condition of the property. Before you start negotiating, set a firm […]

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New rules of buying a home

September 10, 2014

From housing bubble to foreclosure crisis to somewhere in between, the housing market has changed dramatically over the past decade — and so have many of the rules of homebuying. Here are five once commonly believed myths that no longer apply. Myth #1: Buying a home is a great investment If the housing bust taught […]

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Top 10 least affordable cities for housing

September 10, 2014

Mortgage rates last week hit their lowest level of the year and are significantly lower than they were last summer, but that is not helping potential homebuyers in some local markets who are facing sticker shock. Home prices took a dramatic jump last year, fueled by all-cash investors on the low end of the market. […]

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Flip a high end house and put cash in your pocket

September 9, 2014

It is dirty, financially risky and potentially dangerous work, but depending on the current direction of the housing market, it can be highly profitable. But home “flipping,” defined as buying and selling a home within a short period of time for the sole purpose of making money, is now on the slide. Home prices rose […]

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Is fall bringing cheer to home sales

September 9, 2014

Autumn is historically the start of the slow season for home sales, but after a sluggish spring and summer, wrought with still-tight supply and higher costs, the stage may be set for a small rebound in U.S. housing this fall, at least according to a new report from Redfin, a real estate brokerage. More sellers […]

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Lower home mortgage rates could increase home sale

September 9, 2014

Interest rates for U.S. mortgages dropped to their lowest level in over a year last week, but that wasn’t enough to move potential home buyers off the fence and into a house. Total mortgage application volume rose just 0.2 percent last week from the previous week, on a seasonally adjusted basis, according to the Mortgage […]

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Best places to buy home abroad

August 15, 2014

Ever thought of buying a pad in Paris, Amsterdam or Venice? As Europe pulls out of the recession and global markets expand, the idea of owning a bolthole in a glamorous continental city looks very alluring. While prices linger in the post-recession doldrums, agents are suggesting that now is the time to buy. “Across the […]

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Increasing home prices reduce home affordability

August 15, 2014

Nationwide housing affordability dipped in the second quarter of 2014 as several markets saw a firming of home prices, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today. In all, 62.6 percent of new and existing homes sold between the beginning of April and the end of June were […]

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