Buying Real Estate
One of the most exciting adventures you undertake in life is the purchase of your perfect home, whether it is your full-time residence or the vacation home of your dreams.
In order to help you prepare for this important event, we’d like to give you a rough idea of what to expect during the process, in order to make everything go just a little bit more smoothly for you.
Try to get a mortgage loan pre-approval to help you narrow down your price range. The Agent/Client Relationship – My Bahamas Realtor Limited starts the relationship by sharing a wealth of information and knowledge about Bahamas Real Estate, purchasing, legal aspects, and informed news and views of what it will be like to become a member of a new island community. We work especially hard to build a complete picture of what it is like to purchase in the Bahamas. We set up easy communications, working with you to find the best possible way to keep you informed. We listen closely while you tell us about your investment goals and reasons for buying, and identify a time frame for purchasing.
Create a List
The description of what you seek is very important to us. My Bahamas Realtor has the largest collection of current information about properties in the Bahamas and the more thorough and descriptive you can be, the more we can present to you. Key factors of your dream home are important to identify. What’s your preferred location? How about your special combination of beach, dock, and waterfront? What is the number of bedrooms, and the types of amenities you’re looking for? Are you planning to rent? If you are, what is your target income per year?
Create a Buyer Profile
This will help the buyer to be informed as to what is on the market and will allow them to see all new listings in their criteria.
Shop for Homes
Once we get all the information from you about your ideal situation, we then tailor a comprehensive package for your specific type of property, providing you with pertinent facts about government requirements, legal aspects, forms of agreement, and all the necessary materials. It is now that we can get to work finding your perfect property in our beautiful country.
Make an Offer
Keep in mind that you may need to negotiate, so you may want to sit down and outline everything you may need or want from the deal.
Are you going to need homeowner’s insurance? Or a home inspection? Now’s the time to do it.
You will need to sign all the legal documents to have the title conveyed to you, make sure you read everything.
Like to take the next step toward your dream in the Bahamas? Have questions about Bahamas Real Estate? please contact us.
SELLER’S GUIDE TO BAHAMAS REAL ESTATE
Selling Real Estate
It is our pleasure to be of assistance to you as you prepare to sell your property in the Bahamas. Our whole process is about you, your plans, and learning how we can best facilitate them. We thought it would be useful to you if we mentioned a little about the process of selling property so that you can be fully prepared for the road ahead.
Reasons For Selling
Know why you’re selling and be able to discuss those reasons with your agent. This could assist with finding a buyer for your property.
Relationship with an Agent
Starting the relationship by sharing a wealth of information and knowledge the selling process, all legal aspects, and information on the state of the market. We work especially hard to build a complete understanding of your needs and wants. We set up easy communications, working with you to find the way that you wish us to use to keep you informed. We listen closely while you tell us about your goals, your goals for selling, and identify your time frame for the sale.
Clean the interior and exterior to increase curb appeal as necessary. Think about how to stage the home for showings. Remember – first impressions are lasting impressions!
Establish an Asking Price
Discuss with your realtor what they think your asking price should be based on the market; be honest with them as to your needs and expectations.
Signing a Listing Agreement
This will formalize your agreement with the real estate company and, if you decide to sign an Exclusive Listing Agreement with My Bahamas Realtor Limited, sellers can expect many additional benefits.
Marketing the Property
We will establish a marketing plan for your property that will include photography, advertising, web exposure, and many other customizable facets to get the word out about your property.
Showing the Property
Our agents will show your property to as many potential buyers as possible. Our agent will provide you with an important list of things to do in order to prepare your home for each showing. This will allow us to show off your property in its best light.
Offer is Presented
A buyer will submit this to you in writing, read over it, consider what you require from the sale, and either reject the offer, make a counter-offer, or accept the offer. You may need to negotiate, so you may want to sit down and outline everything you need or want from the deal.
If you decide to accept their offer, your home may have to submit to a home inspection. Once the payment is assured and made, the title will be conveyed to the buyer.
Please contact me to take the next step toward a successful sale of your property in the Bahamas or for general Bahamas Real Estate questions.