How to Buy Real Estate in Roatan
Purchasing Property in Roatan
Roatan operates an MLS (multiple listing service), which is incredibly helpful for all potential buyers. Through our coordinated real estate system, you can search for your ideal property all in one location. Roatan’s use of an MLS is unique in the region, but we all know we work better together to help you find your dream home.
Once you find that dream home through the Roatan MLS, the purchasing process is easy.
Purchasing property in Roatan as a foreigner is entirely possible and very common. You can purchase up to nearly 0.75 acres in a single purchase as a foreigner.
Should you decide to purchase a larger plot or if you’d like to invest in more than one property, you can do so through creating a Honduran corporation. Using a Honduran attorney is required for this process, but it’s straightforward and I am happy to make recommendations based on your individual needs.
Financing is different than you may be used to back home, so feel free to ask me any questions before or during the process.
Generally speaking, Roatan banks don’t usually make loans to non-residents, and North American banks don’t usually make loans on foreign properties. Many buyers take a second mortgage back home, or buy a property in full in Roatan after the sale of property back home.
Only you can know your financial situation, but I am more than happy to advise based on common practices in Roatan. Feel free to contact me any time.
My Recommendations and Advice
Peruse the Roatan MLS via the link on my site to get an idea of your price range and wish list. Contact me whenever you’re ready so we can go through your specific circumstances to determine your ideal purchasing process.
In terms of residency, Canadians and Americans are allowed to visit Honduras on a tourist visa for up to 90 days at a time. If you want to invest in a vacation property or in a snowbird home, you won’t require Honduran residency. If you want to move to Roatan permanently, I recommend you apply for residency right away.
If you want to run a business in Roatan, purchasing an already operating business will allow you to continue operations while processing your final paperwork. Opening a new business requires a longer wait time, which could still be beneficial as you set up and prepare to open your doors to the public.
Take special consideration toward your estate planning. Keep in mind that you may be living in a different country from your relatives and heirs, so a clear understanding of next steps is incredibly important.
If you have questions about any specifics within the purchasing process – from finances to legalities to my personal insights on life in Roatan – feel free to contact me.
Testimonial Letter For Jorge Chavez:
• We met Jorge while on vacation in May 2016. We were visiting the island and were beginning our search for property/condo/home. We came across Jorge while we were walking through Infinity Bay. Not even knowing if we were really serious, he took the time to show us a few condos. From the start Jorge, was very informative and patient with us. At that point, we were not ready to make a decision at that time.
In the next few months, we emailed back and forth and he responded in a timely manner and answered our many questions. He assisted us in booking a place to stay for our next trip back to Roatan to continue our search.
Upon our arrival at the airport in October, he was there waiting to personally pick us up and to make sure we arrived at our resort safely. From the start of our trip, he was very informative about the island, introducing us to locals and making us feel welcome. He had our itinerary to look at homes, condos, and land well organized. Every day was planned out including exposing us to local restaurants, and other parts of the island. The whole time we never felt pressured into buying something.
Eventually, we decided to purchase a lot. He assisted us in every aspect. He introduced us to the local attorney and even closed the purchase for us while we were back in the states. He also had a friend take a drone video of the lot so we could see the view from various elevations. Again, he went above and beyond.
We would consider Jorge a fantastic, honest realtor. He has become our first friend on the island and has stayed in contact with us. He is even going a step further to help us with finding a builder to build our dream house in Roatan. His friendly approach further convinced us the Roatan is the place for us.
The overall experience has been a pleasant and with very little stress. His knowledge of the island is another plus. We highly recommend Jorge to anyone. Jane and Bryan Slattery
• I can not find enough good things to say about the Help I received from Mr. Jorge Chavez during and after the sale of the house that I bought in Roatan Honduras. Jorge helped me find the house I had always dreamed of on the beach. He went out of his way to help me and my entire family during and after the sale was completed. I now consider him the first friend of the Island and hope we remain friends forever. Jorge was very instrumental in the process helping me find the right attorney to handle the transaction and also with personal family issues. Ana, my wife and I both really loved all of the personal care the Jorge has blessed us with. Terry Lester
• We cannot say enough about your service and commitment to your profession Jorge. We are glad to be working with you on this venture; you did make it comfortable on our visit and discussing the plans and process of purchasing a piece of paradise. I really appreciated the time and patience you extended to me and my family, not only with the real estate search, but also a tour of the specific island areas that would be of interest. We were pleasantly surprised and more relaxed after our first meeting together. Working with a trusted organization in another country is critical for a worry free real estate investment and we are glad that Jorge is our agent. We have also acquired a friend on Roatan and wish him and his family all the best!” Janet, Joe and Dave………………New York
• My name is Carolyn Belfor and I had the fortunate opportunity to have Jorge Chavez as my Realtor on Roatan. He made the ‘searching’ for the perfect property and the actual transaction a very happy and smooth experience. His extensive knowledge of every property, real estate law and attention to the details of what I wanted, made my real estate transaction perfect. He made sure to find the best fit for my wants and needs – he never wasted my time showing me something that didn’t fit my criteria. He is fluent in both English and Spanish which was invaluable. I now have a fantastic property for the best price because of him. I would recommend Jorge Chavez to anyone looking for real estate on the island.