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6 Part Series: Ready to Sell? – Step One to Successful Selling

Beach House - Stellar Maris, Long Island

Originally published in its entirety in The Tribune Home Buyers’ Guide, Monday, September 22, 2014

SERIES: Ready to Sell? Six Steps to Selling Your Home Successfully

Step 1: Price it Right

Most sellers would happily agree that a successful sale means selling your home at the highest price the market will bear in the shortest possible time. These six steps will go a long way towards securing a successful sale for your property. Now there is a catch, you may not like step one very much, not to mention feeling tired and overwhelmed by step five; but if you are truly ready to sell – read on!

The right list price is not what you think or hope. It has little to do with the appraised value or sentimental value...

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Sandyport Agent Open House

12 Watercolour Cay

Dear Agents,

Details and Directions

There are three houses being held open, two are for sale and one for rent. Please see the attached invite with links to the details.
Security – Both gates will have notices of the open houses and instructions to allow BREA licensed agent (with or without buyers) to come through. If you have any problems please call my cell, 557-9567.
Directions:  If you enter from the service gate beside the Walkin Clinic, continue on the main road around the big bend and then take your first right after the bend. That will be Poinciana Cay, go over the bridge and turn left at the corner and the house is on the cul-de-sac. This property is for rent. 10B Poinciana Cay
After leaving Poinciana Cay, continue around into Sandyport, Kingfisher Island is the first right af...
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Sensational Sandyport Marina Village

Sandyport Marina Village

Sandyport Marina Village is a breathtaking colonial style marina development featuring single family and condominium properties located in western New Providence at the western end of Cable Beach. Sandyport is one of only a few developments offering owners the desirable feature of private boat docks, making the most of the best of The Bahamas – It’s waters!

On completion Sandyport will accommodate 650 homes supported by 7 community pools, 6 tennis courts, 3 playgrounds, and 24-hour security with manned entrances and security patrols. At 144 acres, Sandyport is a large development with multiple distinctive areas.

Sandyport Olde Towne is a mixed-use development, and the commercial centre of the village with shopping, dining and offices along with residential condos and marina...

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Questward Villas

Questward Villas

Questward Villas is a new (2012 construction) gated community in western New Providence.  Ideally located for families and professionals, just 10 minutes from the airport, 15 minutes from Bay Street and a stone’s through away from the desirable Cable Beach strip and the Baha Mar development.

The development is small, with only 6 units, and offers tranquility, privacy and a sense of seclusion.  Though located in the secure residential community of Skyline Lakes, security is maximized with gated entry, guest dial up for access, a 24-hour manned security booth at the gate and an optional internal security system in each unit (nominal monthly cost to activate)...

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Sensational Sandyport, Exceptional Value

Expansive Canal Views

Enjoy an incomparably location, expansive water views, the boating lifestyle, a safe and secure development that is wonderful for families. Sandyport on Cable Beach in western New Providence offers all this and more. Close to schools, the airport, shopping, dining, recreation and businesses yet providing an ideal getaway to call home.

12 Watercolour Cay

VIDEO:

Equally important as the romantic ideal of home ownership is the practical element of a sound investment. Sandyport is one of the most highly sought after developments for Bahamians and the extensive expatriate community residing in The Bahamas for both rentals and ownership. Sandyport is one of the developments that reasonably weathered the real estate challenges of recent years.

12 Watercolour Cay offers added security and is immensely more appe...

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Baron Place Westridge

Baron Place Front

Located in the heart of Westridge, Baron Place on Atlantic Drive provides luxury at an affordable price. Only 16 units in this beautiful gated community, well located close to schools (Tambearly) and shopping (Cable Beach) and Baha Mar; this is the ideal first home or investment property.

Two bedrooms and two bathrooms in 900 square feet mean the single professional, individual or small family can secure their dream home in a gated-community in the west at an affordable price without sacrificing modern features and great design.

Sixteen units share a pool and gardens. Pre-construction price is $289,000 – strong demand is anticipated at this price. Expected completion date is December 2014.

Baron Place Pool and Parking

Exterior Features: Poured concrete slab; termite treatment; 8″ concrete block; spanish marble crete...

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Towers FAQs: Answers to your questions

Baha Mar transforms Cable Beach

Thank you to all my clients who’ve asked these great questions and contributed to this post.   Please add your questions to the comments below and let’s keep the conversation going.  The Towers may be the answer you’ve been looking for. The location is unbeatable, the rates are reasonable comparatively and it’s gonna be beautiful.

Is The Towers a part of Baha Mar?

No, the Towers are the closest commercial space to Baha Mar, however it is not a part of the Baha Mar project.

Who is the developer?

Charles Christie, Broker and Developer at CA Christie Real Estate is the developer of The Towers...

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Home Buying Boot Camp: 7 Things you need to do to make 2014 your home buying year

As published in the Tribune, Home Buyer’s Guide, Monday, January 13, 2014

It’s the new year and resolutions and enthusiasm are everywhere – health, wealth, family, education, career and yes, buying a home. We may not all make resolutions but those of us who do, make them with the best intentions. Unfortunately very often by April, when things should be springing to life, many of us find ourselves burying those intentions. Often a result of lofty ideals, feeling overwhelmed and wavering enthusiasm. This year, stack the odds in your favour when it comes to buying a home. Here are the 7 things you need to know and do to make your dream of home ownership a reality in 2014.

1. Take a critical look at your finances

Are you spending less than you earn? Are you saving what you don’t spend? Hav...

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Taking the Leap?: What you need to know about real estate transactions in The Bahamas

Know what you need to know before you take the leap

You’re finally ready to take the leap, good for you! – Be certain you know what you need to know about real estate transactions in The Bahamas.

It is vitally important that you choose your real estate transaction partners with care in order to ensure the smoothest and most rewarding experience possible. Your real estate agent is a vital source of information and support throughout your process of finding the right property. Once you decide on a property the role of your agent becomes secondary to the role of your attorney.

After an offer is made and accepted the balance of your real estate transaction is best guided by your attorney who will represent your interests as it relates to title searches, government stamp tax exemptions where applicable, application for any relevant permits and a...

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Calculating Gross Price from Net Price

New Home image

So the seller tells you how much (s)he wants to have in pocket, that means the net price, after everything is said and done. This leaves you with the challenge of calculating the gross price on a sale.

If you’ve got a licensed BREA agent then the list price will be the gross price. All real estate listings must be marketed with the gross price.

If you, the buyer, decide to go it alone and you’re in a FSBO (For Sale by Owner) situation you will need to be clear on the following.

Calculating Gross Price from the Net Price:

On a net price of $275,000 on a home the gross price will be $318,000.

Essentially you need to add the vendor costs to the net price so that when the Vendor ‘pays’ them they net $275,000 in their pocket.
Calculations:
First calculate total closing costs to the Ven...
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