Bahamas real estate
Searching for property from the Bahamas is now easier thanks to Homesgofast.com which is now one of the world most established overseas real estate websites with Bahamas property from all over the island. Our visitors come from all over the world many with the intention of finding luxury Bahamas property, cheap land to build new house or development, low cost housing, holiday homes, investment properties, and second homes abroad. Our property listings come from some of the best real estate agents in the Bahamas, property developers and homeowners seeking to sell property to international buyers.
Homes To Buy From The Bahamas
Our international buyers are people that are motivated and many needing find international real estate for investment, relocation, moving abroad , retirement and to buy holiday homes abroad. Used by thousands of people each day we are the place for people looking to invest abroad or make the move overseas. We have thousands of buyers receiving our property alerts and are putting buyers and sellers together everyday. Don’t under estimate the power of a holiday, we see consistent numbers of overseas buyers searching for Bahamas real estate after spending time on the Bahamas on holiday.
Buying international real estate
The Bahamas housing market has been boosted by a wave of new property developments many reaching even the outer islands. Although foreigners are not permitted to work in the Bahamas, investments are encouraged and economic residency is offered to anyone who invests more than $500,000 in the country. Commercial development on 32 of the country’s 35 inhabited islands is encouraged by granting tax incentives.
Buying international real estate
Find some of the best deal in Spain by signing up to our property alerts join those who have saved money by being the first to know when a property is listed with Homesgofast.com . Thousands of subscribers use overseas property alerts so they don’t miss out on new listings posted by developers, agents and individuals
Selling real estate from the Bahamas to foreign buyers
Our advice when selling a property from Bahamas to international buyers is to
Explain the advantages of the location or island in the Bahamas, this is probably the most confusing aspect of the islands. Clearly present government rules and regulations and tax advantages and other incentives. Explain why the Bahamas is the best place to buy Caribbean real estate compared to other Caribbean Islands. Present your property well by using good quality photographs. When writing your description always include how close the property is to major transport links such roads, stations and airports. Always consider who the buyer might be. Many overseas buyers buy property as a second home or investment. In this case think about what the property would offer an investor and holidaymaker. Never over price to test the market! This is one of the biggest mistakes owners make when the sell a property online. Buyers will always compare one property against another and the internet makes this easy to do. Always invite people to make an enquiry so they can learn more about the property for sale. Finally consider taking a video of the property to show potential buyers so they can see fully the property.
Legal advice when buying property in the Bahamas
Non-Bahamians who don't own property in the Bahamas and who are buying less than two acres for single family use need only to register their investment with the government. The same principle applies to non-Bahamians buying improved property under 2 acres which is developed as a single family residential property.
- Never sign a contract that is written in another language that you don’t understand without a translation.
- Don’t miss out or circumvent any legal procedures for cash benefits offered by the buyer
- Research and follow local laws on buying and renting out property
- Always get written confirmation of what has been agreed in any negotiations and always insist on a paper (preferably not electronic) receipt for monies paid
- Check that the seller or property developer owns the title deeds to the property or land and can transfer them to you. If buying brand new, or partially built, from a developer, check that the title deeds for the property in question actually exist
- Check that the deeds to the property or land have not been offered as collateral for any loans
- Check whether the owner has outstanding utility bills, local tax demands etc that you may be liable for on purchase of the property
- Talk to other property owners in the area or on the development to establish if there are any issues you should be aware of before purchasing (such as floods in winter, lack of water or electricity supplies in summer).
More advice here:
Typical buying costs
Selling a property don’t forget about your currency
One of our top tips to people selling and buying a property to people from another country is to research currency exchange methods. Property transactions are all vulnerable to foreign currency exchange rates and small fluctuation can mean huge losses. To negate this risk its always wise to take the advice of a foreign currency specialists who can book rates, provide lowers fees and better rates than many banks. Unless you are buying direct from a developer, before the purchase can go ahead you'll almost certainly need to open a bank account in the destination country. The aim is to ensure that you get the best exchange rates and that the funds are in the right place when they are needed.
Advertising Property to International Buyers
Homesgofast.com has been successfully putting buyers and sellers together online since 2002! Our listings are promoted on multiple property websites. WE have a huge niche audience many of which arrive at our site by searching ‘Homes Go Fast” . Advertise your development, property listings or home abroad to those looking to those buying abroad, investing in overseas property or looking to buy a holiday home.
The Bahamas Facts
Government Type: Constitutional parliamentary democracy and a Commonwealth realm
Total Area: 5,359 Square Miles
13,880 Square Kilometers
Location: chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba
Language: English (official), Creole (among Haitian immigrants)
English (official), Creole (among Haitian immigrants).
Video Guide to The Bahamas
Getting along with the Bahamian People
Bahamians are very friendly people who respect family and seniority. When meeting someone in the Bahamas it is proper etiquette to offer a handshake. Hugs and kissing and the informality of using first names is shown for friends and family.
Where to find more out about The Bahamas