Crighton Properties | October 15, 2021
Are you seriously considering purchasing a home or a home away from home in the Cayman Islands? You’re not alone. Many like you have had the same thoughts; our history, sites to see, beautiful weather, and rich culture have attracted many buyers to our shores. With our stable government, modern infrastructure, healthy economy, and high standard of living, our islands present some of the most attractive investment (and living) opportunities in all of the Caribbean.
But for overseas buyers, specifically, there are a lot of question marks. Where to buy, how much to offer, what laws and taxes apply and more are all loose ends. Luckily, a wisely chosen real estate company in the Cayman Islands can be a buyer’s single best asset during the process of searching for property. Here’s how we can help you navigate the process of purchasing property in the Cayman Islands.
A knowledgeable, experienced real estate company in the Cayman Islands can be a highly valuable partner for overseas buyers because we know the local market. We know where developments have been proposed and ultimately constructed and how that has affected local property values. We understand buyer and seller patterns as well as the history of the islands. There are numerous intangibles that only a local agent can truly understand, which is, perhaps more than any reason, the best one for choosing an experienced agent.
We’re a member of CIREBA, or the Cayman Islands Real Estate Brokers’ Association. CIREBA provides training and education for members and maintains a strict set of Rules and Regulations regarding duties to the public, in addition to its own Code of Ethics that members must follow in order to be admitted to the association. These guiding principles help certify real estate agents as competent, reputable and trustworthy.
Real estate agents can work with both buyers and sellers, but your real estate agent should be your advocate in the process and can help you along the way, in more than one fashion. A real estate agent can furnish you with valuable information about local property values, applicable laws, and bylaws, and can help you negotiate a price that will work for your needs.
Whatever questions you have about the property in question, a strategic partnership with a real estate company in the Cayman Islands - like Crighton Properties - can help you achieve your goal of property ownership.
Because we are familiar with the local market, we can help you find a home inspector or a site surveyor, depending on how you would like to proceed before making an offer or closing a sale. Several organizations maintain directories of local inspectors and surveyors but you can always ask one of our agents if we’d like to make a recommendation to help save you time and effort.
Whether you purchase a home in George Town on Grand Cayman or across the way on one of the quieter Sister Islands, you may seek the assistance of financing to help you afford the purchase. Securing a loan that works for your needs is trying enough with help - but luckily we can help put you in touch with lending agents that can walk you through the process.
While the Cayman Islands places no restrictions on foreign ownership of property, we still have our own laws and regulations regarding the purchase of property that might be confusing to foreign buyers. A real estate company in the Cayman Islands can help answer your questions and help you through the process of finding a property, making an offer, and then closing in a timely manner - accounting for any applicable regulations.
Even if you do thorough research, there’s no substitute for experience, and an experienced Cayman Islands real estate agent, with many years in the business, will be innately familiar with the fluctuations in home and property values that have occurred here over the years. That insight can prove invaluable when it actually comes time to make an offer.
A real estate agent can save you time at multiple points throughout the journey. We’ll serve as a consultative agent, getting to know what your requirements are for the property you wish to purchase, and can help you find the homes or properties that meet them - saving you time.
Also, with our extensive knowledge of property values, applicable laws, and connections to lenders, inspectors, and surveyors, we can help you significantly improve the efficiency of the process, saving you time in the long run.
Why a Reputable Real Estate Company in the Cayman Islands Matters
An agent can help answer your questions, help you find the right property, help you find a lender, and even help you negotiate a better price with which you’ll be happier in the long run. If you’re seriously thinking about purchasing property in the Cayman Islands, and you’re looking from overseas, don’t leave any loose ends hanging. Working with a trusted real estate agent can take a lot of the guesswork out of purchasing a property and can end up saving you time and money along the way.
Buying or Selling? Contact Us to Learn More
Whether you’re looking to purchase a new home here in the Cayman Islands and you’re looking from abroad, or you’re here and looking for a listing agent that can help you sell your home, feel free to contact us.
For over 50 years we’ve been serving the Cayman Islands and we have extensive experience assisting both buyers and sellers. If you have any questions at all about how we can help, please get in touch with us at 345-949-5250.
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