If you are looking to buy property in the Bahamas, you should check out Exuma Bahamas Real Estate. This Caribbean island is made up of more than 300 islands, and there are many different types of property available. From luxury hilltop homes to colonial-style houses, the Exumas offer a wide variety of real estate. You can find oceanfront property and beachfront property in a number of locations, including February Point, Oceania Heights, and Caye Cora.
If you are interested in purchasing property on Exuma, you should contact a real estate agent who specializes in the area. A real estate agent will know what the market value is for each property in Exuma, and he or she will also be able to estimate the price. A legal fee of 2.5 percent of the first $500,000 will be assessed to the buyer, and one-half of the next four million dollars. Another fee to consider is stamp duty, which is a sales tax that is split between the vendor and purchaser. Stamp duty is generally 4% to 12% of the value of the property, and you will have to pay this tax before you can close on the deal.
Foreign investors can also invest in Exuma exuma bahamas real estate Bahamas Real Estate. The government has passed laws in 1994 that make it easier for non-Bahamians to own property. These laws have eliminated the double stamp duty on foreigners’ properties. The Exuma economy is very business-friendly, and the property is inexpensive. Non-Bahamians can buy undeveloped property or developed properties. Certain properties require permits and certificates depending on their value.
If you are interested in buying real estate on Exuma, you should search the MLS for active listings. The Bahamas Multiple Listing Service is a real estate database used by many brokers. The information contained therein can be accessed online by a licensed real estate agent. However, these listings are not guaranteed to be accurate. You should always verify the information before purchasing a property. If you want to sell a property on Exuma, you should contact a broker in the area to sell it.
Janet McLaughlin is a licensed Appraiser with over 15 years of experience in the Bahamas real estate market. Her focus is on the Great Exuma, the surrounding islands, and the Exuma Cays. Janet has appeared on HGTV several times. Born in the Bahamas, Janet spent her formative years in Canada. She has since returned to the Bahamas, and is passionate about helping locals buy and sell property.