First time Bahamas real estate buyers are often excited to find a good deal, but afraid of overextending themselves.
They may be confused by all the conflicting reports about the Bahamas real estate market. Well, that might describe any or all buyers right now, but those making their very first purchase may feel elevated levels of all these emotions. It helps to have someone offer you some guidance.
Don't be afraid to make your move now, regardless of what you've been hearing about the Bahamas real estate market. With affordability so high, you'll find a flurry of activity out there, so you're not alone in making the right decision to begin your home or vacant property search.
Just try not to exercise excessive caution, or you may suffer what has been termed "paralysis by analysis." Your Bahamas Real Estate Association (BREA) representative will present you with all the facts and figures you need, and help you to interpret the data so that you can make a sound choice.
Now is not the time to vacillate. Vacant subdivision properties are plentiful in the Bahamas so the choice is excellent. There are a goodly number of home sellers who have become realistic about the value of their real estate as determined by the market. It is time to go for it and take advantage of the bargains that are out there. Those of us in Nassau should remember there are some very good opportunities in the Out Islands, including real estate in Abaco, Exuma, Eleuthera, Long island and elsewhere.