Bahamas Real Estate Agents Can Help You Find a Harbour Island Bahamas Property

Buying or selling a Bahamas property requires the help of a real estate agent. One of the real estate offices in Harbour Island is Coldwell Banker Lightbourn Realty, which can be found at Dunmore & Crown St. This office is staffed by local and international real estate experts who are well versed in the local market.

Taxes on real estate transactions in the Bahamas are low compared to other countries. The buyer and seller share the cost of government stamp duty, which is generally between 4% and 10% of the property’s value. The first $250,000 of a residential property is tax-free. Owner-occupied properties between $250,000 and $500,000 are subject to a 3/4 percent tax, and property values over $500,000 are taxed at one percent.

Purchasing real estate in The Bahamas is a great way to invest in a stress-free paradise. There are numerous luxury homes to choose from in the Bahamas, and you can find your dream property by specifying your criteria. The site allows you to narrow down your search by price range, number of bedrooms, number of bathrooms, amenities, and location. Listings also include photos and price information, which can make it easier for you to make an informed decision.

The Bahamas has a low tax structure, making it an attractive option for foreign property buyers. Moreover, the market is well-developed, and the process of purchasing real estate is transparent and secure. Property taxes are 1% for properties worth $500K or more, and stamp duty is split between the buyer and seller. If you decide to sell a property in The Bahamas, it’s important to ensure the history of the property is correct.

Harbour Island is a prime destination for people interested in buying a luxury property in the Bahamas. This island is known for its warm climate, friendly people, festive traditions, and relaxed lifestyle. Harbour Island is the most exclusive area of the Bahamas, and attracts the most affluent buyers from all over the world.

A Bahamas Property Lawyer is essential when purchasing a property in The Bahamas. harbour island bahamas real estate A real estate lawyer is a key player in property transfers and ensures that both buyers and sellers know their legal rights. Coldwell Banker Lightbourn Realty is a proud member of the Bahamas Real Estate Association. They can help you understand your options and answer any questions you might have about financing your property purchase in The Bahamas.

If you are an expatriate who is planning to reside in The Bahamas, you can apply for a Home Owner’s Residence Card. This card is valid for a year and allows you to live in The Bahamas with your spouse and minor children. It’s the easiest way to get into the country and live in the Bahamas.

When purchasing a property in The Bahamas, it’s essential to do a thorough inspection. Although it’s not legally required, it’s a good idea to do so if you’re serious about purchasing real estate in The Bahamas. Generally, real estate sales in The Bahamas are caveat emptor, meaning you’re buying it “as is.” However, most sellers will point out any flaws on the property.

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