Tuesday 31 January 2012

Benefits of MLS

Before I lose you let me clear up the alphabet soup in the title. MLS is the acronym for Multiple Listing Service. That acronym means a lot to you, if you are or intend to be in the real estate market. If you are a seller in today's market you must know that getting your property on the MLS gives it so much more exposure and exposure sells real estate. The catch there is that only MLS members have the ability to post properties on the MLS so you better be using an MLS agent.

If you are looking to purchase real estate it would be in your benefit to find a Realtor that has an MLS subscription because they have the ability to find you the real estate you want in a shorter period of time. Since your goal is to find what you want on the real estate market yesterday choosing an agent
that has MLS access is the way to go, because they can access the larger portion of listed real estate on one centralized database. And now lets assume that you are looking to put your property on the market, again, choosing a realtor that has a MLS presence puts you at a greater advantage, it gives your property added exposure. Your property is now easier to find instead of being on one real estate company's site its on a site that everyone goes to first, The Bahamas MLS.

There are definitely some other and more important issues as it relates to deciding on a real estate agent to represent you in buying or selling but one that has an MLS presence is a sign that your agent is serious about client representation.

Monday 30 January 2012

'The Bahamas' Ranked Top 5 For Family Life

The editors at ISLANDS recently named the Top 5 Islands for Families, which include The Bahamas, Maui, Sicily, St. Thomas and Fiji.

The islands of The Bahamas offer some of the best living and working conditions in the world. Modern infrastructure combined with an excellent climate, public and private schools, and a high standard of living add up to an unparalleled “vacation” lifestyle on these sub-tropical islands.

As a business location, The Bahamas offer proximity to the world’s largest markets, combined with effective air and sea transport, modern amenities and freedom from taxes and duties.

For housing, there is a huge selection of properties – everything from low-income starter homes on Grand Bahama Islands and Nassau apartments for rent, to million-dollar beach side villas and canal side properties.

The Islands of The Bahamas has more than 700 islands and 200 cays for you to visit and each one paradise in their own respects. The many people who have traveled to The Bahamas on business or vacation and then returned to take up permanent or seasonal residence know just this.

Friday 27 January 2012

Home Buyers Lose $81K Over Stamp Duty 'Loophole'

Some 32 first-time Bahamian home buyers have collectively lost almost $81,000.00 because there is nothing in statue law to allow the refund of Stamp Duty mistakenly paid on their real estate purchases. the House of Assembly's Public Accounts Committee, in this interim report tabled January 25, 2012, urged that this legislative deficiency be remedied as "soon as possible" and prior to the upcoming 2012 general election, describing the absence of a refund provision as "unfair"!!

Thursday 26 January 2012

Second Home Ownership

Inevitably, when people visit the Islands of The Bahamas, they have such a wonderful time in our sub-tropical climate conditions, they do not want to leave.
Imagine spending the holidays surrounded by sparkling blue water and powder white sand. A place where ‘snow day’ is a foreign term because in this subtropical climate the temperature never drops below 65 in the winter. Now imagine owning a little piece of this magical place. It’s possible, says Rachel Pinder, principle broker at Island Living Real Estate, because this place is the Bahamas.

If you are thinking about buying a second home, you are not alone! The main reason for second home ownership and even seasonal migration, is physical comfort – escape from winter’s cold and summer’s heat. And the Bahamas is the perfect place for that. In terms of second homes, the Bahamas offers unparalleled accessibility and luxury than many neighboring islands.”

Wednesday 25 January 2012

Spring Is Fast Approaching

There is nothing like a spring real estate market. Offers fly over FAX machines and cell phones ring constantly. Everybody wants a deal, and everybody wants to sell. Typically the marketplace is flooded with inventory. There is more on the market in the spring than any other time of the year. Soon as the For Sale signs are mounted on the posts, swarms of activity buzz in the streets as sellers, buyers and real estate agents crawl out from wherever they hibernated for the winter to welcome the spring sales season. A good piece of advise would be to get the ball rolling now as it's the early bird that gets the worm!