F.A.Q.Guatemala
Yes. If you are considering starting business in Guatemala, buying property rather than renting is something you will want to consider. Because with local regulations allowing foreign investors to purchase, maintain, and sell real estate with almost no restrictions, buying a property in Guatemala can be a good investment.
Compared to other markets in the region, or beyond Latin America, real estate in Guatemala is an affordable option that offers good returns. Property maintenance costs are also low, as are annual real estate taxes. All of this makes buying property in Guatemala a profitable and popular investment.
ON To Paradise Realty has a team of lawyers that can aid you in the process of buying your home in paradise. Guatemala’s system has been developed to protect home buyers and investors. A legal adviser will be able to review the status of the land title, and examine all legal documents to identify any pending bills or issues with the property.
ON To Paradise will be invaluable to help you choose the right property. Your specialist will work with you to identify properties which meet your real estate goals. Your ON To Paradise Realty will give you a choice of properties. At the point that you have made your property selection then an offer is made, a written contract developed, and an offer made to the seller.
You can be assured that your down payment funds are secure through an attorney and an escrow corporation. Your attorney from ON To Paradise Realty may act as an escrow agent who becomes responsible for the monetary aspects of the transaction. Your ON To Paradise Realty attorney provides security for both the buyer and seller to ensure that the funds are distributed according to the real estate contract.
Conduct due diligence:Your legal adviser should engage in a comprehensive due diligence process to ensure there are no legal problems with the property.
Closing: Once all of the previous steps have been carried out, the payment of the property must be made and a transfer deed signed by both parties.
Register the property: After closing has occurred, a copy of the transfer deed should be sent to the Public Registry to inform them of the change in ownership of the property.
The whole process of registering a property can be completed in around 30 to 45 days.
The final step in the process of acquiring your paradise property is to contact ON To Paradise Realty, so you also can relax and enjoy your peaceful lifestyle in Guatemala.