During any week in the United States, thousands of homes get sold. But the story is a little bit different here in The Bahamas. While many people wish to relocate at any given time, the right Nassau and Paradise Island homes for sale aren't always available.
If you've decided to sell your property in The Bahamas, you have every reason to expect to get a good deal. However, Bahamas buyers are highly sophisticated and rarely make a snap decision on the first property they see. Our real estate agents can help keep you in the running.
Back in the U.S. and in much of Europe, it's typical to focus on getting a property on and off the market within 30 days. After 60 days, the headwinds are against the seller. After 90 days, it may be necessary to re-list the property to combat the impression that something might be wrong.
This timeline does not hold nearly as firmly here in The Bahamas. Because of the value and scarcity of property, no one "assumes the worst" if a home is on the market for some time. That said, it's a wise idea to partner with experts in Bahamas property so you can maintain the timeline you desire.
Let's take a closer look at how the right real estate agent can assist you as a seller:
- Your Agent Connects You with Qualified Buyers
It takes a special kind of buyer to purchase a Bahamas property. The best buyers are those who've done a significant amount of preparation already and are planning to relocate to the island. Your agent will help locate the buyers best for you.
- Your Agent Takes the Lead on Marketing the Home
Marketing is an essential skill set for any experienced real estate agent, particularly here in The Bahamas. The agent's expertise extends to the listing, real estate photography, live and virtual events, and much more. He or she also keeps you "in the loop" on how the efforts are progressing.
- Your Agent Manages Relationships with Buyers
Selling a Bahamas property may take some time, and during that time, it is important to keep the lines of communication open with buyers. As with sales elsewhere, some buyers may wish to visit the property in person, and it's up to the real estate agent to make this easier for everyone.
- Your Agent Helps Ensure Legal and Regulatory Compliance
Although laws in The Bahamas tend to be straightforward and friendly to foreign investment, that does not mean there's no paperwork! An agent must be versed in the rules in The Bahamas, so they can ensure you won't end up with surprise fees or fines, among other potential issues.
- Your Agent Provides Invaluable Negotiation Skills
It is always far more important to be equipped with the ability to negotiate. Not every seller is a "born negotiator," but you don't have to be when your agent has the insight you need. This helps you make the most money on your sale and do it faster.
- Your Agent Supports Your Decision-Making Process
During a sale, emotions can run high for the seller and the buyer alike. With the expanded view provided by your agent, you can measure all the potential consequences and outcomes of your different options. That gives you greater confidence in your decisions.
Contact us at Morley to learn more about selling and buying here in The Bahamas.