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Real Estate Commission Rates In Belize

Live And Invest Overseas by Live And Invest Overseas
Apr 09, 2014
in Mailbag
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Real Estate In Belize
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“Kathleen, I use to receive a compilation of world news. It would typically be maybe 20 headlines in blue print you could click on and read. I found it among the more entertaining reads I would get and a good backup to the newsletter.

“Why don’t I see it anymore?”

–Jim R., United States

I don’t know why you stopped receiving our Saturday Weekend Wire, but I’m awfully glad you got in touch to let us know. We’ve put you back on the list, and you should begin receiving our quirky round-up of world news again this weekend.

***
“Kathleen, I have property in Belize. Raw land in a gated community. I have decided to place my lots up for sale and am inquiring as to what the acceptable or standard commission would be for a real estate agent involved with the transaction. This may seem an odd question, but I’m just not sure who else to ask for a reliable number.”

–Richard D., United States

The typical real estate commission in Belize is 10%, but you should be able to negotiate a better rate depending on the property and the price. For example, if you’re selling a US$70,000 house, the commission would likely be 10% with no discussion. However, if you’re selling a US$500,000 house, you should be able to negotiate the rate down. I’d say that the smallest commission you could expect to negotiate would be 5%.

Continue reading: Retirement Life On Roatan, Honduras

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