Buying Real Estate in the Bahamas
- 10 years ago
Buying real estate in the Bahamas. Call Glenn Ferguson, your real estate agent in the Bahamas at 1-(242)-327-2453 about buying a home in the Bahamas. Join Bahamas Real Estate Buyers Advantage Program - http://luxury-homes-bahamas.com/buyers
Hi I'm Glenn Ferguson, your Real Estate Agent in the Bahamas with another spotlight on Bahamas real estate. Thinking about real estate in the Bahamas then you wont be alone as the Bahamas is home to a significant number of international real estate buyers including Americans, Europeans and Canadians who own second homes and spend a tremendous amount of time in the islands.
The good news is that the process of buying a home in the Bahamas is really simply and there are no restrictions on foreigners buying property. Since the International Persons Landholding Act took effect in January 1994, replacing the Immovable Property Act of 1981, it has been much easier for to purchase property in the Bahamas. A permit from the government is only needed if the property to be bought is more than five acres or is an undeveloped land. Otherwise, the property must only be registered with the Investment Board and the Central Bank after the transaction.
You do want to hire an attorney to check for encumbrances to the title and to ensure that the title is good. As breaks in the chain of title owners can reduce the marketability of the property.
To register your purchase of the property you simply submit your application to the office of the Prime Minister, with a copy of the conveyance (proof of ownership), evidence of payment of Stamp Duty and Real Property Tax. Along with your Bankers Draft or Money Order payable to ´The Public Treasury´ for US$25 which is the application fee. A Certification of Registration will be issued afterwards.
All Non-Bahamian owners of residential property can apply for a Home Owners Resident Card. which will allows you, your spouse, and minor children to enter the Bahamas, and to stay in the country until the card expires. This annual costs of the card is US$500. The is also an Annual Residence Permit´, which costs US$1,000, and US$25 for each dependent.
If you have questions about buying real estate in the Bahamas call me Glenn Ferguson you real estate agent in the Bahamas at 1-(242)-327-2453 or simply email: glenn@luxury-homes-bahamas.com.
And for the best deals on Bahamas real estate be sure to join the Bahamas Real Estate Buyers Advantage Program - http://luxury-homes-bahamas.com/buyers
Talk to you soon about real estate in the Bahamas.
Hi I'm Glenn Ferguson, your Real Estate Agent in the Bahamas with another spotlight on Bahamas real estate. Thinking about real estate in the Bahamas then you wont be alone as the Bahamas is home to a significant number of international real estate buyers including Americans, Europeans and Canadians who own second homes and spend a tremendous amount of time in the islands.
The good news is that the process of buying a home in the Bahamas is really simply and there are no restrictions on foreigners buying property. Since the International Persons Landholding Act took effect in January 1994, replacing the Immovable Property Act of 1981, it has been much easier for to purchase property in the Bahamas. A permit from the government is only needed if the property to be bought is more than five acres or is an undeveloped land. Otherwise, the property must only be registered with the Investment Board and the Central Bank after the transaction.
You do want to hire an attorney to check for encumbrances to the title and to ensure that the title is good. As breaks in the chain of title owners can reduce the marketability of the property.
To register your purchase of the property you simply submit your application to the office of the Prime Minister, with a copy of the conveyance (proof of ownership), evidence of payment of Stamp Duty and Real Property Tax. Along with your Bankers Draft or Money Order payable to ´The Public Treasury´ for US$25 which is the application fee. A Certification of Registration will be issued afterwards.
All Non-Bahamian owners of residential property can apply for a Home Owners Resident Card. which will allows you, your spouse, and minor children to enter the Bahamas, and to stay in the country until the card expires. This annual costs of the card is US$500. The is also an Annual Residence Permit´, which costs US$1,000, and US$25 for each dependent.
If you have questions about buying real estate in the Bahamas call me Glenn Ferguson you real estate agent in the Bahamas at 1-(242)-327-2453 or simply email: glenn@luxury-homes-bahamas.com.
And for the best deals on Bahamas real estate be sure to join the Bahamas Real Estate Buyers Advantage Program - http://luxury-homes-bahamas.com/buyers
Talk to you soon about real estate in the Bahamas.