Featured Bahamas Property
This is a Guest Post from popular real estate blogger, Chris Record, who is a real estate investor and social media marketing coach living in Southern California. He currently maintains a blog a ChrisRecord.com [...]
Home sales have become increasingly popular. Home owners unable to make their mortgage payments will eventually find themselves being served with a foreclosure notice from their bank or lender. [...]
Owning real estate has grown as a profitable vehicle used to gain financial freedom for many investors. It is very important to be aware of what is involved to ensure the success that is desired. [...]
Technology has continuously advanced in a fast-paced manner and has totally revolutionized how businesses are conducted and how communication takes place. Looking back many years ago, people are [...]
This custom built beach front home is located in prestigious and renowned Ocean Club Estates on Paradise Island. The home is on a cul-de-sac lot which is considered to be a great advantage and gives [...]
Bahamas Real Estate Buyers Guide
Bahamas Real Estate Buyers Guide
Bahamas Luxury Real Estate is your complete Bahamas Real Estate Buyers Guide.
Whether you are a first time real estate buyer or have done several real estate transactions in the Bahamas, Bahamas Luxury Real Estate invite you to browse our website for information. Search Bahamas Luxury Real Estate listings for a property, and contact us by telephone 1-242-327-2453 or 1-501-588-4621 or e-mail bahamasluxuryrealestate@gmail.com.
And Bahamas Luxury Real Estate will start customizing a program to meet your Bahamas real estate needs. Please feel free to contact us with any of your questions regarding real estate, property, valuations, investment, or purchasing in the Bahamas.
7 Secrets to Buying Your First Home
Special Free Report for First Time Home Buyers
If you are a first time home buyer then you want to get our Free Report - 7 Secrets to Buying Your First Home, which reveals for you the insider secrets you need to know to avoid common home buying mistakes, save money and eliminate risks when buying your first home. Its Free so be sure and get it now!
Bahamas Real Estate Financing
If you require financing for your Bahamas real estate purchase – ‘pre-qualifying’ for your financing needs before searching for potential properties is highly recommended as a first step.
Savvy buyers start their search by pre-qualifying to eliminate wasting time and be prepared when their ideal property is located. Just as buyers are searching for the perfect property, sellers are also searching for the perfect buyer.
A pre-qualified buyer can negotiate with confidence, knowing that should the seller receive two similar offers, his offer may be given more weight because he has taken the time to do the necessary first step in purchasing.
Financing for qualified real estate purchasers is available through many local banks, financial institutions and insurance companies throughout the Bahamas.
Talk to our Bahamas Luxury Real Estate brokers for a recommendation on which option may be best for you.
Finding Bahamas Real Estate Property
More and more buyers use the internet to search for property. As licensed Bahamas Real Estate brokers and active members of the Bahamas Real Estate Association, our agents work cooperatively with other licensed agents and brokers of the Bahamas Real Estate Association.
That means whether you found the property on our site, or are interested in looking at a property you have found on another site, Bahamas Luxury Real Estate can help.
Developing a relationship with Bahamas Luxury Real Estate means we will work on your behalf to set up appointments to show you ALL listings that meet your criteria. Let us work for you.
Bahamas Real Estate Sales Agreement
The Agreement for Sale is a legally binding contract between the buyer and the seller in a real estate transaction.
Your negotiated Agreement for Sale will contain information like the legal description of your property as it is recorded in the Registry of Records, the amount of the earnest money deposit, the date of completion for the transaction, whether the purchase is subject to financing or any type of approvals, and what each party is responsible for in terms of payment.
In short,all terms and conditions that have been negotiated and agreed between the buyer and the seller.
Bahamas Real Estate Taxes and Fees
The Bahamas Stamp Tax Act levies a tax on all Bahamas real estate property sales or transfers. The following list contains the graduated stamp tax rates. In a standard agreement, the Stamp Tax is normally divided equally between buyer and seller. Below are the current Stamp Tax rates on property:
- » Up to and including $20,000.00 – 4%
- » $20,001 to $50,000.00 – 6%
- » $50,001 to $100,000.00 – 8%
- » $100,001 to $250,000.00 – 10%
- » $250,001 and over – 12%
First time Bahamian home purchasers may qualify for an exemption on their portion of the stamp tax. Ask our agents for assistance.
The Bahamas Bar Association has stated that the minimum charge for legal fees on the conveyancing of a property is 2.5%.
In a standard real estate transaction, each party will pay their own legal fees. And in a standard real estate transaction, the seller pays the real estate fees established by the Bahamas Real Estate Association as follows:
Bahamas Luxury Real Estate Affiliations
Glenn Ferguson, your luxury Bahamas Real Estate Agent at Bahamas Luxury Real Estate looks forward to helping with your Bahamas real estate needs and ask that if you have any questions at all that you simply contact us or call us at 1-242-327-2453 or 1-501-588-4621 or email bahamasluxuryrealestate@gmail.com. You can also request a copy of Bahamas Real Estate Buyers Guide.
This is a Guest Post from popular real estate blogger, Chris Record, who is a real estate investor and social media marketing coach living in Southern California. He currently maintains a blog a ChrisRecord.com and stars in a reality show for entrepreneurs called Unstrapp'd.
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Recently I spent some time researching statistics related to mortgage origination, foreclosures, [...]
Home sales have become increasingly popular. Home owners unable to make their mortgage payments will eventually find themselves being served with a foreclosure notice from their bank or lender. In order to stop the foreclosure they can opt to ask if they may move towards a short sale. This is an agreement between the lender and homeowner to sell the home at a discount, which sometimes ends up [...]
Owning real estate has grown as a profitable vehicle used to gain financial freedom for many investors.
It is very important to be aware of what is involved to ensure the success that is desired. One of the key factors is being aware of the trend. Purchasing real estate in an area where the trend is going down is counter productive. Buying a property because it is cheap should not be the only [...]
Technology has continuously advanced in a fast-paced manner and has totally revolutionized how businesses are conducted and how communication takes place. Looking back many years ago, people are forced to travel long distances by foot just to sell their services or goods. People used carrier pigeons just to get a message through to who lives thousands of miles away. But now, thanks to man's limitless [...]
This custom built beach front home is located in prestigious and renowned Ocean Club Estates on Paradise Island.
The home is on a cul-de-sac lot which is considered to be a great advantage and gives the owner a breathtaking panoramic view of the turquoise seas and surrounding islands.
Amenities include a custom built gourmet kitchen with Sub-Zero stainless steel appliances, counter tops, and [...]
