Interested in buying or selling a property on one of our beautiful islands in the Bahamas or are possibly interested in doing so in the future? We are here to help.
Buyers:
The process is quite easy. Below is a list of the basics:
- View our website and choose the properties that meet your specifications. View our listings here
- Contact us for all details on these properties. Send any questions/concerns.
- Let us help you plan your visit to the island to view these properties and any others that you may learn of while on the island. We suggest at least a minimum of 2 days for this purpose so that you can see a bit of the island and the way of life here.
- We will meet with at your convenience and show you the island as we go about viewing your choice properties
- Fantastic; you have found the property you would like!
- We will submit your offer to the seller and once the price is agreed upon you could own your property within 30-60 days.
- Key item: All real estate transactions in the Bahamas must be performed by a licensed Bahamian Attorney. We can provide you with information or a list of these Attorneys to choose from.
- The seller’s Attorney is then responsible for preparing a formal purchase agreement to include any conditions/clauses, closing date, etc. This must be signed by both parties.
- 10% of the sale price is required as a deposit and once received the property is put under contract status.
- Key item: Your selected Attorney will then perform his job of ensuring that the property has good title and will work with the seller’s Attorney to ensure that the sale closes on the date indicated or advise otherwise if this date cannot be met for any unforeseen reason.
- You will be required to forward balance of payment to the Seller’s Attorney directly or through your Attorney. The executed conveyance will be given to the Buyer on closing.
- Key item: On occasion closing dates may need to be extended if further time is required to ensure proper title/ownership and conveyance. Sometimes there could be delays related to courier packages if buyer and seller are both located in different countries and so forth.
- Once this process is completed your Attorney will ensure that your conveyance is recorded in the Registrar General’s record department.
- You can consider yourself the new owner once you have an executed conveyance and funds have exchanged between buyer and seller.
Link to Real Estate Attorneys in the Bahamas
Contact Us Here
Sellers:
Ready to put your property on the market, then give us a call. Below are some of the requirements for putting a property on the market.
- Proof of ownership e.g. Title Deed/Conveyance
- Survey Plan of property
- Easy location of boundary markers
- Fairly easy access to property
- A signed listing/marketing agreement
We will visit your property and take photos if necessary for the listing. We will also offer suggestions on ways in which you can stage your home for showings. If it is vacant land then we will also offer any improvements that might be necessary.
We will update you on the activity of your listing and will register all clients that are shown your property.
Any offers on the property will be given directly to you for response. We do not accept or decline any offers on behalf of our sellers (even if we feel they will be unacceptable).
