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Buying Tips | 15 Posts
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October
31

Buying a Condo in The Bahamas - Morley

Our agents are always at work showing off the best Nassau and Paradise Island homes for sale. Whether they come from the U.S., an EU country, or elsewhere, most buyers wish to purchase a conventional standalone home. We are happy to assist them. However, that is not your only option!

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September
6

Existing Home Advantages - Buy in The Bahamas - Morley

If you're dreaming of owning a second home in The Bahamas, our agents are always here to advise you. Whether you're focused on the prospect of Nassau and Paradise Island homes for sale, we'll help you find a home that exceeds your expectations.

It's no surprise when foreign buyers fall in love with the beauty of the islands of The Bahamas and want to make our unforgettable sights a permanent part of their lifestyle. Before long, the question arises: Is it better to purchase an existing home or purchase land and build new construction?

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August
15

Hiring a Home Inspector - Buy a Home - Morley

Whether you prefer Nassau homes for sale or Paradise Island homes for sale, buying a new home in The Bahamas is one of the best decisions you can make. When you select the right home with backing from the best Bahamas real estate agents, you will change your lifestyle for the better. It's your own slice of paradise!

Our agents are experienced and can help navigate you through the nuances of buying island real estate. The idea of buying real estate in another country may appear intimidating, but rest assured, there are many similarities. If any differences do arise, an experienced local real estate agent can help you navigate them.

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April
25

Relocation Mistakes - Moving to The Bahamas - Morley

Relocating to The Bahamas can be a great adventure, and it's one our agents will be glad to help with. Having the right advisors on your side is an absolute must, so you can enjoy all the islands offer with plenty of peace of mind along the way. Our experience makes the difference for customers like you.

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February
21

Tips for a Move to The Bahamas - Morley

With long sandy beaches, lively communities, and a warm, tropical climate, The Bahamas has it all. Now all you have to do is pick the right house among Nassau and Paradise Island homes for sale and settle down. Moving to The Bahamas allows you to experience the natural beauty of the tropics and explore a whole new way of living. It's a perfect place to call home for nature enthusiasts and those looking to live a more laidback lifestyle.

The Bahamas is an excellent place to vacation, but if you're looking to slow down and enjoy life's little pleasures, you'll find this island chain has much more to offer. There's a large expatriate community in The Bahamas, from meandering travelers to the rich and famous.

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January
10

Things to Know About The Bahamas - Morley

There are several places around the world that are often called a paradise, but few come close to The Bahamas. Its amazing chain of islands is filled with sandy beaches, beautiful water, delicious cuisine, and wonderful people. Of course, there are probably many things you don't know about The Bahamas, so our agents have put together some of their favorite tidbits.

  1. Consists of 700 Islands
    It may be hard to believe, but The Bahamas consists of more than 700 islands and cays, though most of them are quite small and unoccupied. Approximately 30 of those islands are inhabited, which means there are many great choices when looking for a new place to live. The island is New Providence has about 70% of the population, but the more popular islands for visiting are the Abacos, Eleuthera and Exumas.

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December
27

Buyer and Seller Closing Costs - The Bahamas - Morley

Our agents have helped simplify the process of buying real estate in The Bahamas for thousands of people. Whether you choose Nassau and Paradise Island homes for sale or buy elsewhere on the islands, the process is very worthwhile.

And it is much easier than it may first seem!

It might surprise you to learn that real estate transactions in The Bahamas aren't that different from what you might be used to. Transactions take about three to six months to complete and require the assistance of a qualified real estate agent and local real estate attorney.

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December
20

Residential Architecture  - Nassau, Bahamas - Morley Realty

Considering the wonderful tropical climate, proximity to the United States, and low taxes, The Bahamas is a delightful place to call home. Find your dream home among these Nassau and Paradise Island homes for sale and find out why a home in The Bahamas is a highly sought-after asset.

If you're thinking of purchasing property in The Bahamas either as a primary or vacation home, here's a guide that will help you find a home that's right for you.

So, what's your style?

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December
13

Short Term Rental Investments in the Bahamas

Want to know more about living in The Bahamas? Our agents are here to help.

In a previous post, we discussed how you can take advantage of unique government programs to relocate to The Bahamas. People from the United States and all over the world have already leveraged these welcoming laws to make their long-term – or permanent – move.

There's no secret about the many reasons to move to a tropical paradise like The Bahamas. Beautiful beaches and mild weather are only the beginning. The cost of living is attractive, and tax obligations are straightforward, especially compared to the United States.

Whether living on the islands or not, many homebuyers decide to rent their properties to help them with the carrying costs of ownership. The Bahamas benefits from a robust short-term vacation rental market. You'll find many different options sure to be suitable for your needs.

With the right real estate agent on your side, the process is easy and convenient.

Where to Look for Short-Term Rentals in The Bahamas

Nassau and Paradise Island homes for sale are always in demand, but some property owners prefer to cater to international clientele desiring a short-term stay. Enthusiastic new visitors arrive every day – thanks to year-round warm weather, September has become the peak of the season.

Some of the best places to look for Bahamas short-term vacation rentals include:

  • Paradise Island
    Paradise Island has the distinction of being the #1 tourist destination in a country already known for its splendid hospitality. A purchase here means you'll be right at the center of dining, nightlife, and watersports. Convenience to amenities enables a higher rent than might otherwise be possible.

  • Grand Bahama
    The Grand Bahama is just 55 miles from Florida's coastline, making it a common debarkation point for tourists from the Sunshine State. While it also has a wide range of amenities, it is relatively slow-paced and quiet compared to Paradise Island. The main city, Freeport, includes an international airport.

  • Eleuthera
    Eleuthera is known for its beautiful pink sand beaches and is full of natural wonders such Queens Bath, a collection of natural pools created by crashing, incoming waves. Nearby Harbour Island homes for sale are close to a charming downtown featuring distinctive architecture and authentic cuisine that vacationers will love.

  • The Abacos
    This 120-mile long chain of islands offers all sorts of unexpected benefits and surprises. Each island is truly a community and experience unto itself. The most populous island is Great Abacos, but the entire chain is home to less than 20,000 people. It works best as a personal getaway location, and these Abaco homes for sale would fit the bill.

Buying Your Vacation Rental Property in The Bahamas

The Bahamas has no restriction on foreign real property purchases, and some 80% of all buyers come from the United States. Generally, transactions are approved quickly and without issue, if the parcel is less than 5 acres.

Property acquisition costs can be significant. They include a transfer tax when property changes hands and legal fees pertaining to the transaction. The buyer's share of soft costs usually amounts to about 7.5% of the purchase price. This does not count the real estate agent's fee.

Bahamas residents don't pay taxes on income, inheritance, gifts, or capital gains. The principal form of tax revenue is Value Added Tax (VAT). That said, annual property taxes are assessed based on assessed value, just as in the United States. 

Contact us to discover more about real estate in The Bahamas.

November
16

Work From Home in the Bahamas - Morley Realty

Our agents know that the beauty of the Bahamas is becoming attractive to more Americans who no longer need to worry about commuting to work. Working remotely saves the average person thousands of dollars each year to reinvest for a better life.

Many remote workers now have the opportunity to become fully location-independent. Freed from the shackles of an office, they can do whatever they do from a world away. It's no surprise that the blue skies and sun-drenched beaches of the Bahamas are getting more attention.

Nassau and Paradise Island homes for sale are getting a closer look. However, not everyone realizes that a home in the Caribbean really is attainable. They worry that they will not be able to buy property in the Caribbean or that it will be a very different process than they're used to.

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