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Nassau Island Real Estate

nassauChances are that you probably haven’t necessarily given much thought to Nassau Island real estate. However, it might be a cool idea to invest in something down there as a vacation home for your and your loved ones. That being said, you may have some questions about real estate in the area since you aren’t too familiar with it. I want to discus some common questions individuals might have, and hopefully provide some adequate answers to those questions.

First, you may be wondering what kind of properties are available for sell in the Bahamas. That is a relatively easy question to answer. Just like anywhere else, there are both commercial and residential properties for sell in the Bahamas. These residential properties can be a vacant lot of land, acres of land, a single family home, a whole private island or even condominiums. If you are looking for condos for sale on Nassau Island you are in luck. The Reef Residences at Atlantis are the perfect choice for a great vacation home. Not only are the units themselves nice, but the resort is to die for and has a wide variety of activities for the whole family to enjoy.

Second, you may be wondering if the Bahamas is in fact a good area to invest. Chances are you have heard the common axiom when it comes to purchasing real estate that location is everything. You are right, location is a huge factor because it helps determine the possible value increase your home will hopefully gain. The last thing you want is to purchase real estate and then have it drop in value over time. You won’t have that if you purchase in the Bahamas. Clearly, it is a very desirable location for people to vacation and move to, so the value of your property you acquire will stay relatively high and it will be a good investment for you.

Third, you may be wondering if you can purchase something even though you aren’t a citizen of the Bahamas. The simple answer is that yes you can purchase even if you aren’t a native. This is provided in the International Persons Landholding Act that was created back in 1993. Keep in mind that you will need a special permit if you intend to rent out your property at any time. Which is a really smart thing to do especially if the home is a vacation home for you so not your primary residence. Rent it out to other travelers some weeks while you aren’t there. You could make a nice little income that way. You can get this special permit by registering with the Foreign Investments Board.

Fourth, you may be wondering who you need to work with. Just like here in the United States it is good to work with a real estate agent when looking to purchase real estate in the Bahamas. Another good idea is to work with a lawyer as well so that all the paperwork is complete and accurate and you get an Opinion which is like title insurance.

Overall, real estate in the Bahamas is a great idea if you like to vacation in paradise and want something that is more your own. Check it out today and see what you are missing out on.


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