Roatan Real Estate Seller Closing Costs

Roatan Casa Sol y Mar

Roatan Casa Sol y Mar

A common question I receive is in regards to seller closing costs in Roatan. It can be hard to navigate a foreign system and bureaucracy, so I thought it might help to pull together all of the Roatan real estate seller closing costs here.

If you’re considering selling your Roatan real estate, take a look through this list to be sure you’re prepared.

You can also check out my thoughts on why I’m the best realtor for selling your Roatan real estate.

And never hesitate to reach out and ask me questions directly – I’m always happy to help!

Roatan Real Estate Seller Closing Costs 

The following is an outline of what you can expect to pay when selling your Roatan real estate:

Real Estate commission: The standard commission amongst all Roatan real estate companies in the Roatan Realtors Association is 10%.

Capital Gains Taxes: If your property has proven any gain, taxes are set at 4%.

Survey: A survey of your property will usually cost between $250 and $300.

Catastral: Catastral is the deeded value according to the municipal government. You will pay usually between $50 and $80.

National Taxes: The Honduran National Government Tax Agency (CPAT) levies taxes related to the sale of real estate property up to 15%. The total taxable amount can vary based on the real estate company or agent you work with, so it’s best to clarify these exact costs up front. At RE/MAX, we charge from escrow, and only 20% of the total commission is taxable based on the final breakdown. Feel free to contact me directly if you want further clarification on this point.

RTN (Registro Tributario Nacional): Your RTN is your personal tax ID number in Honduras. If a new RTN card is needed, that price is between $100 and $200 to obtain it.

Attorney Fees: The attorney who calculates the capital gains will charge between $200 and $250.

Wire Fees: Outgoing wire fees are usually $45 per transfer.

POA (Power of Attorney): If you cannot attend your closing and instead use your Power of Attorney to process all closing documents, this usually costs $250. 

HOA (Home Owners Association): All current year fees must be accounted for, with costs prorated between the buyer and seller. These will obviously vary based on your home location and annual fees.

Other Considerations for Selling Roatan Real Estate

When selling your real estate, it’s not only the numbers that matter. Especially when looking at foreign-owned property, there are many other considerations to take into account.

For example, if you’re leaving the island and moving out of the country, you’ll need to consider the timing of selling your property and moving on. While you can provide Power of Attorney if you can’t attend the closing, that’s something you need to consider in your total selling costs.

If you do choose to attend after leaving, add in the expenses associated with travel to the island, accommodations, food, etc, all while you’re here.

You could also consider the idea of renting your property as a vacation rental, if that’s feasible for you. Vacation rental properties are incredibly popular in Roatan and could prove to be a solid investment.

Ask me for further advice; I will be perfectly honest about your specific situation and will try to help guide you in the best direction.

Top Destinations in the World: Roatan

Roatan a Caribbean destinationThose of us who live here know it already, but the word is getting out: Roatan is a premier destination. We are regularly on the list for places to visit and islands to live on. In fact, in TripAdvisor’s “Best Of 2017” list, Roatan is one of the top destinations in the world!

Top Destinations in the World

Roatan comes in at #15 in the entire world according to TripAdvisor rankings. Considering the wide range of places included in that top destinations list, we are thrilled to see how much people love Roatan!

Other top destinations in the world include London, Paris, Rome, and NYC. Amongst those giants of tourism and historical fanfare, Roatan seems even smaller. But that’s what makes this list so wonderful.

Being voted by travellers as a top destination in the entire world is a true honor. It means that the smaller numbers of tourists who visit Roatan as compared to those massive capital cities all believe that Roatan is worthy of the accolades.

We’re more than proud to receive the recognition from all our visitors. But, those of us who live here will say this isn’t news to us!

We’ve always known that this piece of paradise is one of the top places in the whole world.

Visit Roatan in 2017

If you haven’t yet visited our beautiful tropical isle, there’s no better time than the present. With continuous recognition on an international scale, we will undoubtedly grow and change in the years to come.

From a real estate perspective, of course that’s promising! Buyers can still grab a great deal now before prices inevitably rise with increased interest in Roatan.

Sellers can make plans with confidence that their property will sell quickly as more and more people want to move to paradise.

It’s no wonder that even cruise ship tourists ask for real estate tours. Once you see the beauty of this Caribbean island, it’s easy to get sucked into what we call The Vortex.

Roatan just mesmerizes you and keeps you here longer than you might have intended to stay.

(I’m not saying you should purposely miss your cruise ship all aboard…but if you do, just give me a call and I’ll help you find a great place to stay!)

Why Is Roatan a Top Destination?

There are so many reasons to love the island of Roatan. If you look through TripAdvisor for the island, you’ll notice endless activity options.

Roatan is known as a scuba diver and snorkeler’s paradise. The coral reef that fringes close to shore is the second largest in the world, smaller only than the famous Great Barrier Reef.

Roatan also offers plenty of other water activities, from paddleboarding in our calm sea to deep-sea fishing only a few minutes from shore.

You can walk through botanical gardens or soar through the jungle on a zipline canopy tour.

The diversity of fun on this small island is truly astounding! Add to all that the breath-taking natural beauty and you can easily see why visitors love Roatan so much.

I love Roatan so much that I moved my family here after years of living in the States. Our lifestyle is dramatically better here. We have the Caribbean Sea as our front yard and playground…it was the best move we ever made.

If you want to move to paradise, let me know what you’re looking for and let’s make it happen together. I look forward to helping make your dreams your new reality!

 

International Living Loves Roatan

International Living magazine has been raving about Roatan for a while now. They consider Roatan to be one of the best retirement destinations in the entire world! Take a look at some of the reasons why International Living loves Roatan…

International Living Loves Roatan

International Living Loves Roatan

Roatan is an Easy Caribbean Island

Roatan offers an easy island lifestyle for retirees where they can save money. They love that a retired couple can live here on $2,000/month and enjoy a carefree outdoor lifestyle. The climate here is especially ideal for snowbirds who love to come for a few months each winter to escape the cold back home.

Roatan Has Affordable Real Estate

International Living loves Roatan for its affordable real estate. If you’re in the market for a condo by the beach, you’ll find plenty of options here. We have beachfront condos and condos in popular neighborhoods with lots of amenities nearby. Some condo communities have pools and bars and restaurants, while others are quiet and peaceful. Take your pick!

Roatan is Small but Eclectic

Roatan boasts incredible diversity for its small size. From the people to the activities to the amenities, this small Caribbean island is not short on charm or fun! Come see for yourself the many faces of Roatan.

West Bay Beach Has It All

International Living loves West Bay Beach – just like everyone else does! Voted the best beach in Central America two years in a row now, West Bay Beach has something for everyone. You’ll even find some of those fantastic and affordable condo opportunities right on the sand!

Roatan is Welcoming

Our laidback socializing and our breathtaking scenery combine to create the ideal place to relax. Life in Roatan is slowed down and the people are welcoming and friendly. Head to the bar by yourself and you’ll end up making several new friends. Head to a dive shop or the beach and you’ll chat with everyone around you. Roatan is a true homecoming – even if you’ve never been here before!

We all know International Living loves Roatan, and I know exactly why. I made the move here for a better life for my family and we’ve never regretted that decision. Contact me to come see for yourself why Roatan is so popular for relocation overseas. I think you’ll love it here!

Minimize to Move to Roatan

Moving to a new home anywhere in the world means you have to pack up absolutely everything you own and decide what stays and what goes. When you move far away, requiring a flight to reach your new home, minimizing is the only realistic way to get there. Here are some tips on how to minimize to move to Roatan.

Minimize to Move to Roatan

Minimize to Move to Roatan

Minimizing can be difficult. It’s scary to donate or throw things away that have been part of your life for so long. It’s hard to go through all the memories we accumulate in a home and choose what to bring with us to this next phase of life.

But minimizing is also a cleansing opportunity. You can eliminate a lot of physical items in your life that take up space and time and money, all while still retaining the memories.

When we moved our family to Roatan, we made many tough choices on what to keep and what to leave behind. But every decision was with our goal in mind: a better quality of life for all of us in paradise.

What You Don’t Need to Bring to Roatan

What You Don’t Need to Bring to Roatan

Roatan is an island in the Caribbean. That already enables you to minimize if you have been living in a cold climate. There is no need here for a winter wardrobe, no need for big heavy blankets or space heaters or thick curtains.

You can already eliminate all those winter-related items before you move to Roatan. Eliminating those types of items might feel incredibly liberating!

Roatan is also a very casual island. There’s just no need to bring all your formal wear, your dress shoes, or your designer labels.

Sure, there are certain occasions you might dress up and there are certain items you just don’t want to leave behind. But you simply don’t need the volume of these types of items you might have needed back home.

Here, you’ll be in casual wear all year long, with sandals being the most formal footwear we tend to get!

You don’t need to impress anyone here. We’re not comparing outfits or purses or watches in Roatan. Life here isn’t about keeping up with anyone. So don’t worry about moving into a new home and having neighbors judge what you bring. We’ll just be happy to welcome you to paradise with a smile and maybe a cold cocktail!

What You Do Need to Bring to Roatan

What You Do Need to Bring to Roatan

If you’re moving to Roatan, you’ll find certain items from home to be better quality or much cheaper than you’d find on the island. Here’s where you need to consider the difference between going on vacation and moving somewhere new. If you love specific brands but because of import costs they’re 7x the price in Roatan, you should consider trying other brands until you find a new one you like. But if you simply can’t live without specific brands for certain items, you can always bring a supply with you from home each time you go visit.

Or you can order them and ship them to Roatan. Or ask a friend to bring some in exchange for a free place to stay on the island. You can get creative – and if you’re really desperate, you’ll find a way!

Need more tips for your move to Roatan? Contact me anytime…I’m happy to help!