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.
