Buyers Agent
As a buyer working with our team, you enjoy the services of our trusted dedicated professionals. From narrowing the search results according to your wish-list - till the day of closing and after, your agent will be there for you through each step of the process.
Financials
Before you begin looking for a home in the Bahamas real estate market, it is important to know your budget and financials. This includes preparing a cash offer or getting pre-approved for a mortgage and understanding the closing costs in The Bahamas. We walk you through the process and have established relationships with leading banks, lending institutions & attorney offices throughout The Bahamas.
Search
When searching for homes for sale in The Bahamas, it is important to have access to all available inventory. Our agents are connected both locally and globally, we are a part of the Bahamas Real Estate Association (BREA) and the Bahamas MLS as well as the #1 real estate franchise Realty One Group. As locals, we can confidently say our team knows The Bahamas! We’ve been helping people near and far buy and sell real estate throughout the Islands. With over 40 yrs of combined experience we know the ups and downs of the market and know how to make your home buying experience seamless.
Offer
When you find a home that could be “the one” it is important to make a strong offer. Our agents are certified negotiators and will work tirelessly to guide you through the process and negotiate on your behalf.
Closing
Closing is the final step for you to become the legal owner of your home. This will typically take place at the office of your designated attorney. They will have reviewed the home’s title history and prepare the conveyance deed which allows you to take possession of your new property. We celebrate with you on your special day as the new owner and are with you during property handover.
About UsExceptional
Professional
Personable
The right real estate agent is a huge asset to you when going through the home buying process. Having a trusted professional with knowledge and experience working in your best interest is key to finding the right home and making it your own. Click below to connect with our team today!
Permanent Residency
The Bahamas offers a wide variety of prestigious real estate
options for the discerning buyer.
The proximity of The Bahamas to the United States, and the privacy
and anonymity which persons are able to enjoy the relaxed
lifestyle in The Bahamas, have enabled our islands to become an
oasis to persons desiring to have a second home, a home away from
the hustle and bustle of their everyday lives.
The country’s 700 islands, 29 of which are inhabited, offer a
variety of options to the consumer, including luxury condominiums,
waterfront estate homes or one’s very own private island.
Moreover, there is ease of access through the network of domestic
and international airlines which travel to the islands, including
providing direct flights from all major international cities not
to mention private jet terminals and is a renowned yachting and
boating destination. The Bahamas offers permanent residency status
to purchasers of property valued at $750,000 or above. There can be significant tax advantages for international clients when investing in Bahamas property and obtaining Permanent Residency.
Frequently Asked Questions
What are the costs involved in buying a property in The Bahamas?
Value Added Tax (VAT) Legal fees Real Estate Commission
What are the Sales Taxes (VAT) on Real Estate Transactions
The Bahamas Government VAT on property conveyances is a graduated
tax payable on the purchase price of all real property in The
Bahamas. The VAT is typically shared equally between buyer &
seller.
Price Bahamian Non-Bahamian Up to $100,000.00 2.5% 10% $100,001 - $300,000 4% 10% $300,001 - $500,000 6% 10% $500,001 - $700,000 8% 10% $700,001 - $1,000,000 9% 10% More than $1,000,000 10% 10%
- Value Added Tax (VAT) Legal fees Real Estate Commission
What are the Sales Taxes (VAT) on Real Estate Transactions
The Bahamas Government VAT on property conveyances is a graduated tax payable on the purchase price of all real property in The Bahamas. The VAT is typically shared equally between buyer & seller.
| Price | Bahamian | Non-Bahamian |
|---|---|---|
| Up to $100,000.00 | 2.5% | 10% |
| $100,001 - $300,000 | 4% | 10% |
| $300,001 - $500,000 | 6% | 10% |
| $500,001 - $700,000 | 8% | 10% |
| $700,001 - $1,000,000 | 9% | 10% |
| More than $1,000,000 | 10% | 10% |