So you’ve decided to sell your property. Before anything else, it is a good idea to sit down and clarify your motivations and draw up a basic time frame for the selling process.
Why Sell?
Why do you want to sell your property? Do you intend to simply find a larger property, or do you plan on moving to another neighborhood, island or country? You might think your reasons are obvious, but it would do well to consider the implications of each option for your lifestyle, opportunities, and finances. Being clear about your intentions for selling will make it easier for us to determine the most appropriate option for your specified financial, lifestyle, and real estate goals.
When Should I Sell?
You should immediately establish your time frame for selling. If you need to sell quickly, we can speed up the process by giving you a complete market analysis and action plan to obtain all of your goals. If there is no pressing need to sell immediately, you can sit down with one of our expert real estate agents to thoroughly review the current market conditions and find the most favorable time to sell.
What Is The Market Like?
When you work with us, you can be sure that you will have our knowledge, expertise and negotiating skills at work for you to arrive at the best market prices and terms. We will keep you up-to-date on what is happening in the marketplace and the price, financing, terms and conditions of competing properties. With us, you will know exactly how to price and when to sell your property.
How Do I Optimize My Finances?
Deciding to sell your property demands a serious consideration of your current financial situation and future possibilities. With the help of our qualified agents, you will be able to effectively assess the cumulative impact of these changes, estimate potential proceeds of selling your property, and plan effective tax savings and estate planning strategies. We will ensure that you not only take control of your finances, but use them to their fullest potential.
Sellers Guide
Every day, the Bahamas beckons people to its shores. Naturally, the country also attracts a steady stream of real estate investors, as well as second-home and vacation home buyers.
The high buyer interest in the Bahamas bodes well for you if you are planning to sell your home in the islands soon. Here are a couple of things you need to know before you put up your home for sale.
Are non-Bahamians allowed to sell real estate?
Since non-Bahamians are free to purchase homes in the islands (a permit is required in some cases, which you can read about
here, non-Bahamians are also free to sell the properties they have purchased.
How do I sell my home in the Bahamas?
Although it is entirely possible to sell your property on your own, getting a local real estate agent is best especially if you are unfamiliar with the area and the real estate market.
When it comes to choosing a realtor, find one that specializes in your area and property type. For example, if you are selling a beachfront condo, get in touch with someone who is knowledgeable in those developments. Seek the advice of a luxury specialist (preferably with designations or certifications) if you are selling a luxury home.
I specialize in Grand Bahama real estate, covering a wide range of properties in the area from single-family homes to luxury properties. If you are selling your home in the island, get in touch with me today.
How do I determine the right asking price for my home?
One of the best ways to get a ballpark for your property’s listing price is to have your real estate agent prepare a
Comparative Market Analysis
(CMA). This report takes a look at similar properties recently sold in your area.
Another option is to invite a licensed appraiser to your property. He or she will conduct an extensive evaluation of your home to give you a realistic take on how much your home is worth in today’s market.
You can have both the CMA prepared and an appraisal performed. The important thing is you will get the results you seek and, hopefully, help you determine the best listing price for your property.
Is home staging necessary to guarantee a good sale?
No. Some properties get sold as is, but that does not take away from the fact that home staging can significantly increase your chances for a successful or better-than-expected home sale.
Home staging need not be extensive or expensive. Simply de-cluttering or de-personalizing the home can help prospective buyers envision themselves living in the property. A fresh coat of paint and enhanced curb appeal will also help.
If you have the budget, you can also hire a professional home stager to prep your home for the sale. The choice is entirely up to you.
What are the costs associated with selling a home in the Bahamas?
When it comes to home selling in the Bahamas, sellers usually shoulder the real estate commission and a portion of the stamp duty and legal fees. If you are to hire your own attorney, inspector, appraiser, and/or home stager, you will need to pay for those services out of your pocket as well.
Selling your home in Grand Bahama?
I can help you throughout the whole home selling process. Browse my website or contact me today at
sales(at)alacartebahamas(dotted)com or
Call 242.727.2493to get started.
