Buying Bahamas Real Estate

You can prepare all you like, but real estate closings almost always take longer than they should.

Delays are usually the result of one of the following - financing, legal (sometimes just getting a simple sales contract agreed to) and possibly inspections.

So while your heart is set on owning the home of your dreams, someone who already has financing in place might beat you to the punch. Make sure your financing is in place.

Not all homes are in turnkey condition, like this beautiful seaside condo on West Bay Street in Nassau.

Getting estimates for repairs and upgrades can also hold up a transaction, but there are ways to speed up the process.

Your Bahamas Real Estate Association agent can help you get a handle on any upgrades that may be necessary by walking through the home with an inspector, noting the age and the condition of major components of the home and securing estimates for potential repairs.

Having an idea of the cost of repairs will help secure a fair price and reduce the time to negotiate repairs and costs.

Last of all tell your lawyer that, barring any unforeseen problems, you expect the sale to close on time.

These are good preventative and proactive steps towards a successful and, hopefully, speedy closing.