Bahamas Homes Buyer’s Guide Real Estate Beachfront Paradise Island Nassau

Tips to Pay Down Your Mortgage – and Fast!

Tips to Pay Down Your Mortgage – and Fast!

May 4, 2015   |   Island Living Real Estate

Tips to Pay Down Your Mortgage - and Fast! Mortgages can come in handy when you’re desperate for funds to get hold of that dream property, but the overwhelming payment period and debt can turn loans into a nightmare. These tips can quicken the payment process and help you clear your conscience and ...

Categories: Blog, Buyers Guide   |   Tags: Mortgage, refinance

Permits to Purchase or Acquire Real Property in the Bahamas

Permits to Purchase or Acquire Real Property in the Bahamas

October 11, 2013   |   ilreadmin

A Permit to Acquire Property is required by all non-Bahamians acquiring an interest in land if the property is undeveloped land with two or more adjoining acres. A Permit is also required if the intended use is not as an owner-occupied property.EligibilityNon-Bahamians Acquiring an interest in land if ...

Categories: Buyers Guide

Real Property Taxes

Real Property Taxes

October 11, 2013   |   Island Living Real Estate

Assessment of Real PropertyAssessments are used by the Real Property Tax Valuations Unit to determine the value of a property and its related Property taxes. An assessment can be initiated by the property owner or by the Real Property Tax Unit. A Real Property may fall in the one of the following categories:Owner ...

Categories: Buyers Guide

Real Estate Transaction Fees

Real Estate Transaction Fees

October 11, 2013   |   Island Living Real Estate

A Gross Sale Transaction:The Vendor is responsible for the payment of:The real estate agents commission: Residential developed property is 6% of the gross sales price. Undeveloped property is 10% of the gross sales price.Bahamas Government Stamp Duty (Tax on the conveyance of real property). This tax ...

Categories: Buyers Guide

Buyer’s Checklist

Buyer’s Checklist

October 11, 2013   |   Island Living Real Estate

Attorney: Chose a reputable Attorney to represent you in your real estate transaction. If you do not have an Attorney we would be happy to recommend one.Appraisal: You should get an appraisal to make sure you are not paying more than market value.Termite Reports: We advise anyone buying an existing structure ...

Categories: Buyers Guide