Avoiding the Red Flag on Your Bahamas Home

Have you ever noticed clothing sales that advertise “seconds” at greatly reduced prices? The “second” quality merchandise may exhibit flaws like uneven seams and pulled stitches, and capitalises on the slightly lower quality in exchange for a lower price.

Much like those “mark downs,” a Bahamas home being offered for sale with obvious flaws also invites a lower price. Purchasers, like other savvy shoppers, quickly become aware of needed repairs, and then begin scrutinising the home for other defects.

If you plan to sell your Bahamas home and expect to receive full price, be certain that all needed repairs are completed before the “For Sale” sign appears out front. If you don't, professionals in the US. estimate you may receive about $2 less for each $1 in needed repairs and it would be similar here, depending on the particular situation.
Protect your investment by asking a Bahamas Real Estate Association agent for advice. They will walk through your home as a purchaser would, making notes of all apparent defects that attract attention. This could range from a cracked windowpane to carpet in need of replacement. No matter what the flaw may be, if it attracts attention, it also becomes a point on which the buyer may negotiate a lower sale price.
Your agent will help you further by providing marketing tips to make your home more attractive to buyers and ways to give it the widest exposure. Remember that by offering a “first quality" home, you may expect to receive the best price.
On the flip side, your Bahamas home may have deteriorated to the point where it would make more economic (not to mention emotional) sense to sell it as is.
These are the fine points that an experienced Bahamas Real Estate Association agent can guide you through.