Purchasing Instructions

  The purchase price of each parcel includes:


1. Legal fees to prepare and register the transfer instruments to lead to the issuance of Title in your name to the parcel(s) of land being purchased by you as indicated on the Parcel Purchase Request Form.

2. Administrative filing and the submission of closing documents that require registration. The closing documents include, but are not limited to, (1) Transfer Instruments and Affidavits and/or Belize Transfer of Land document (2) Transfer Certificate of Title or registered Land Certificate (3) Survey (4) Declaration of Covenants, Conditions, Restrictions, Easements & Building Guidelines for Progresso Heights ("Declaration") (5) Charge (Mortgage) Instruments, if applicable.

Please note:
At the time of closing purchasers will be responsible to pay the Belize Government Stamp Tax and administrative filing fee. The Stamp Tax is 5% of the parcel purchase price that exceeds US$10,000 and the administrative filing fee is 2% of the parcel purchase price, which purchasers must included in their final closing payment.

 

  Six Easy Steps in Purchasing a Parcel(s)

 Step 1.
Select parcel(s) from the Master Development Plan. Click here for Master Development Plan. Parcels are available on a first come, first serve basis.

Step 2.
Fill out the Parcel Purchase Request Form completely. Click here for the Parcel Purchase Request Form. Be sure to provide all information requested and then submit the Parcel Purchase Request Form by clicking the "Submit" button at the bottom of the form. Allow 72 hours to receive confirmation of your parcel(s) selection by return email.

Step 3.
Once we have confirmed your parcel(s) selection availability and price, we will then send you a Parcel Purchase Agreement and purchasing documents (Documentation) for you to execute and return along with a deposit equal to 10% of the total purchase price. Issue a check made payable to escrow agent. This deposit is non-refundable, however, the escrow agent is authorized to disburse to you all money you have paid prior to closing in the event of our failure to convey title. Your deposit may be in the form of a Personal Check, Cashier's Check or Certified Check in U.S. funds. Send your deposit and a signed copy of the Parcel Purchase Agreement and purchasing documents via first class mail or certified mail to:

c/o Progresso Heights Limited
621 NW 53rd Street, Suite 240
Boca Raton, FL 33487 USA

Step 4.
Upon receipt of your deposit and Documentation the parcel(s) will be held for you pending closing. For your convenience our U.S. mail receipt center will forward your deposit to the escrow agent.

If your Documentation and deposit have not been received within seven days, the parcel(s) that you have requested will be made available again to all prospective purchasers. If the appropriate Documentation and deposit is received after the seven day period and the parcel(s) is still available it will be held for you. If your Documentation and deposit is received after the seven day period and the parcel(s) is no longer available, you will have the option of choosing another parcel(s) or having your deposit check returned in full.

Step 5.
We will then send you the closing documents for the parcel(s) you have selected. You will also receive a copy of the Declaration, which your purchase is subject to. Sign the closing documents, where indicated, and issue a Cashier's Check or Certified Check for final closing payment in the amount as set forth in the cover letter attached to the closing documents.

Final closing payment and executed closing documents must be received within 30 days after you have received all closing documents. If your final payment has not been received within the 30 day period, it will result in the forfeiture of your 10% deposit. Include the executed closing documents in the envelope provided, addressed to escrow agent:

c/o Progresso Heights Limited
621 NW 53rd Street, Suite 240
Boca Raton, FL 33487 USA

Next, mail envelope via first class mail or certified mail as addressed above.

Step 6.
From the U.S. mail receipt center your executed closing documents will be immediately forwarded to Belize to begin the closing process. Upon receipt in Belize, the closing documents will be submitted to the Government of Belize for registration. The registration process is as follows:

A. Your closing documents will be delivered to the Land Tax Office in Belmopan (the Capital). The transaction is certified by the Commissioner of Land that there are no unpaid property taxes due on the parcel(s).
B. Closing documents are then forwarded to the Valuation Section of the Ministry of Natural Resources to ensure that the purchase price is reasonable market price.
C. Closing documents then proceed to the Land Utilization Authority for verification of subdivision approval.
D. Closing documents move to the Lands Registry to transfer the parcel(s) of land into your name(s). Your name(s) is registered in the Lands Registry as the new owner(s) of the parcel(s).
E.1. If there is no mortgage on your parcel(s), a Transfer Certificate of Title or a registered Land Certificate will be issued by the Belize Lands Registry and mailed to you.
2. If there is a mortgage on your parcel(s), the Transfer Certificate of Title or registered Land Certificate will not be issued to you until the mortgage is satisfied (paid in full) - However, we will send you documentary evidence of your ownership of the parcel(s). After the mortgage is satisfied, a Transfer Certificate of Title or registered Land Certificate will be sent to you.

Please allow approximately eight to ten weeks from the time we receive your executed closing documents and final closing payment for the completed transfer of title to take place.

You must be over the age of 18 years to purchase a parcel(s).

Click here for:

 Parcel Purchase Request Form
 Master Development Plan Map
 Parcel Pricing
 Cost Calculator

 

  Financing is Available!
Click here for financing information

If you wish to finance your purchase, please check the box at the bottom of the Parcel Purchase Request Form.

For additional questions or more information about purchasing, you may email us a contactus@progressoheights.com or call us toll free in the U.S. at 1-888-BELIZE 4 U (1-888-235-4934).

From outside the U.S., we may be reached at 561-859-1433.


© 2010 Progresso Heights Limited. Prices, plans, uses, dimensions, specifications, materials and availability are subject to change without notice. Homes within the Progresso Heights community are constructed and sold by independent builders not affiliated with Progresso Heights Limited and its affiliates, none of which companies guarantees or warrants the obligations of, or pricing by, such builders. Illustrations are artist's renderings and depictions only and may differ from completed improvements, if built. Future development of Progresso Heights may or may not occur as shown on illustrations, depictions or maps and buyers of property on Progresso Heights should not rely on such materials to get an accurate understanding of the future development of Progresso Heights. These materials are void where prohibited by law, including, for example, New York and Florida. This does not constitute an offer to sell real property in any jurisdiction where prior registration or other advanced qualification of real property is required.

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To speak to one of our representatives, call us toll free in the U.S. or Canada at 1-888-BELIZE 4 U (1-888-235-4934).

From outside the U.S. or Canada we may be reached at 561-859-1433.

 

Copyright 2010 Progresso Heights Limited All rights reserved.

Use of this site is subject to Progresso Heights Limited's Terms and Conditions and Privacy Policy. Please review the links to the Terms and Conditions and Privacy Policy.

Prices, terms and features are subject to change without notice. Obtain the Property Report required by Federal law and read it before signing anything. No Federal agency has judged the merits or value, if any, of this property. This does not constitute an offer to sell real property in any jurisdiction where prior registration or other advance qualification of real property is required.


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