Real Estate Tax Breaks Coming Up!

The new PLP government has promised it will re-introduce a ceiling on the maximum level of real property tax on high end homes.

This is great news for the high end and second home markets.
The government also says it will reduce the stamp tax payable on real estate transactions above $250,000 from 12 to 10 percent.

Buyers stand to save 2% of their total cash outlay.
Real estate prices have adjusted to more realistic levels in recent years, so these added incentives are welcome.

If you've been thinking about investing in real estate, this is a good time to start the process.

Before you look at homes, shop around to see what rates and terms the banks are offering and ask them to provide a detail of the full costs, as well as the various plans they offer.

Pre-qualify for a loan so you'll know what you can afford.

This will position you to make an offer, should you find your dream home, and not lose out to another party whose financing is in place.

Let your Bahamas real estate agent guide you.

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