Showing posts with label The Bahamas. Show all posts
Showing posts with label The Bahamas. Show all posts

Friday, June 10, 2011

10 Summer Safety Tips for Kids

Make Sure to Know where your kids are at all times!

Beware of the Sun! - It’s going to be a really hot summer this year. Be sure to always apply sun screen on you and your children often. Kids young skin are very susceptible to burning more so than yours so even if you think that you are not going to be in the sun for a long period, still apply the screen. It’s also a good idea to get some sun-shirts; they work like sun screen without the reapplication.

Drink lots of Water – The heat is going to get you if you do not stay hydrated this summer. Make sure to consume water often throughout the day.

Pool Safety – Be sure that young children are never unsupervised in or even around the pool area. Injuries often occur in a small space of time, sometimes when the supervising eyes are distracted for only a few minutes.

Boat Safety – A lot of people are going to be utilizing their boats this summer. It is always a good idea to be prepared (like a boy scout) for an outing. Make sure that you have a First Aid kit with all the usual Band-Aids, gauze bandages, scissors and tape etc. A flair gun is also very good to have on your boat. Make sure that your flair gun is stored in a place that is fairly easy to get to in case of an emergency, but not easily accessible for your children. Also make sure to have ample life vests and a fire extinguisher in case of a real emergency.

Bikes & Skateboards – Children love to ride their bikes and scooters; Make sure that they always wear the proper gear to protect their heads, elbows and knees. Teach your children that they must be aware of their surroundings at all times because cars can fly out of nowhere. Make sure they know that if they are riding their bikes, scooters, or boards in the road that they are in the way of the cars and that they have to move quickly out of the way if one approaches.

Insect Bites – Be sure to protect yourself if biting insects are attacking you and your children. Diseases are spread sometimes by these insects such as mosquitoes and ticks. The best insect repellent to use contains DEET, but these products are not the best for your skin and especially not good for your younger ones.

Barbequing – During summer time a lot of people are drawn outdoors for events and love to have a grill-out. It is imperative that your children stay away from the grilling area when food is being prepared. They may burn their little hands or they may get in the way of the chef and adversely cause an incident. Water is always a good idea to keep on hand in case the fire gets out of hand.

Water Sports – Thrill seekers enjoy occupying their summer with activities such as Jet skiing, parasailing, tubing, kayaking, and windsurfing, etc. It is important to know where your children are at all times during these activities because injuries can happen in a blink of an eye.

Buckle Up! – Make sure that your kids are properly secured in their seat whether it is by car, airplane, train etc. Don’t think nothing is going to happen because accidents happen.

Traveling abroad – Are you going somewhere on vacation this summer? If you are, it’s a good idea to have your children carry your contact information on their person in the event they get lost.

Have a Great Summer!

Wednesday, April 28, 2010

The Bahamas MLS; Increasing in numbers

After many years of real estate agents, property buyers and property sellers alike wondering if The Bahamas will have it’s own Multiple Listing Service (MLS), the call was answered. On March 17th 2008 The Bahamas Real Estate Association (BREA) soft-launched The Bahamas MLS for the strict usage by real estate agents only.

Two months later in May, there were 81 licensed agents of about a total of 600 licensed agents scattered throughout The Bahama Islands, that signed on board to take part in the future of real estate.

The Bahamas MLS Administrator at that time, Heather Joy Albury, informed me that "81 members from 23 different companies" had signed up. From these 81 licensed estate agents, they had added 115 active exclusive listings. She added further, that "I believe that in 6 months time we would have doubled the agents and listings [on the Bahamas MLS] if not tripled [them]."

In November, six months later, the number of participating licensed estate agents increased from 81 to 129, the amount of participating offices almost doubled from 23 to 42 and the number of active exclusive listings increased more than five times from 115 to 615 listings.

Today (April 28th 2010) there are 181 licensed agents from 61 different real estate firms with more than 1,400 exclusive Bahamas listings on the MLS. The direction is clearly looking positive and I'm sure that this trend will continue to grow. To learn how The Bahamas MLS can help sell your real estate, contact an agent at RE/MAX Paradise Realty today!

Wednesday, April 21, 2010

Investing in The Bahamas....Did you know?...

The Bahamas continues to flourish as a second home destination for many of our foreign friends. Still, many others don't foray into investing in The Bahamas because their perception is that the costs may be too high in comparison to investing in other tropical destinations. Besides the fact that we are the closest island nation to North America and travel to and from our beautiful archipelago is easier, faster and cheaper than ever, we have a stable economy and our dollar value is on par with the US dollar. Here are some answers to other common questions that may surprise you about investing in The Bahamas:

How much is real property tax in The Bahamas? Real property tax for owner occupied property in The Bahamas is very inexpensive in comparison to other destinations. For the first $250,000 in value the property is exempt from real property tax. The next $250,000 in value is taxed at 1% and anything over $500,000 is taxed at .75%. So, a $600,000 beachfront condo would be $3,250 per year!

Is there any income or sales tax in The Bahamas? None whatsoever! The government relies on import duties on goods for their tax revenue.

How much is building insurance? For comprehensive insurance coverage in The Bahamas, which includes hurricane coverage, the calculation is roughly 1.5% of the sum insured.

As one can plainly see, the carrying costs to own your little piece of Paradise are exceptionally reasonable! If you would like more information on the beautiful island nation of The Bahamas please feel free to contact me anytime! I really enjoy sharing my experiences here and look forward to welcoming many more friends to The Bahamas!!

Wednesday, April 14, 2010

Selling Property in The Bahamas

If you have ever wondered how best to sell your property in The Bahamas this article is for you! The first step is to locate a quality company and an experienced agent with a proven track record. I recommend interviewing at least 3 agents so that you can be assured that their marketing plan is a sound one, that the agent understands the market and knows how to price your property correctly to achieve the desired results and that your personality and goals are aligned.

To research companies and agents, type in "Bahamas Real Estate" in Google and review the results. The companies that are listed at the top of the search are generally the ones that can deliver the best exposure for your property. Second, make sure the agent is a member of The Bahamas Real Estate Association and, more importantly, a member of the Bahamas MLS to ensure that they market both to prospective buyers as well as those who deal with prospective buyers, other agents in the market. Lastly, it would be wise to choose a company brand that will be recognized easily by the market you are trying to attract.

I am a licensed broker with RE/MAX Paradise Realty, a CRS designee, a member of The Bahamas MLS and I sit on The Board of Directors of The Bahamas Real Estate Association. I have a proven track record in dealing with international and local clients and my experience, vast network of contacts and keen understanding of the market will ensure that you get the quality of service you deserve.

Call me if you need help selling your Bahamas Real Estate. I look forward to speaking with you soon!

Wednesday, April 7, 2010

Timing is Everything....Especially in The Bahamas!

While much of the investing world sits on the sidelines and waits for the real estate market to turn around, the opportunities for second home ownership in The Bahamas are really heating up! Activity for the first quarter of 2010 has surpassed all of our expectations and, as a result, many of the right priced properties are being bought creating a much more balanced supply and demand situation.

The government really encourages foreign investment and the process is not as daunting as one may think. The first thing to do is find a quality real estate professional, someone with experience and one that you can trust. This will help you in not only locating the right purchasing opportunities, but assisting you in being referred to the right attorney for your conveyance and title work as well as the right lenders should you require financing. The RIGHT real estate professional should be able to answer all of your questions, put your mind at ease and make the adventure of purchasing your very own piece of paradise a truly rewarding experience. It is not uncommon to become friends for life with your real estate agent!

If the thought of investing in a foreign country makes you uneasy, give me a call! I talk to people everyday about the beauty of The Bahamas, the excellent investment opportunities and relaxed way of life I have come to love. I am always here and ready to assist wherever possible.

Contact me for more information on investment opportunities in The Bahamas.

Friday, March 26, 2010

Bahamas Real Estate Association bids Farewell to Wong

After a two year reign, William Wong will step down as the president of the Bahamas Real Estate Association (BREA) with the ending of his term.

"It's been a very busy, exciting two years for the [Bahamas] real estate industry," Wong informed the Guardian Business. "They have not been typical years for our economy [and] BREA has certainly had a high profile over the last year. I'm thankful to the membership for their support and kind words and the board of directors have been simply outstanding in their support.

"We hope the government in the future, before they decide to make major changes to the economy in regards to real estate, will call on us. Our advice is free [and] we have no agenda, only to help our country and agents and brokers to make a decent living.

"I want them to champion this Freeport issue, which has been a thorn in our side," he added. "Hopefully we will be able to get those people practicing real estate in Grand Bahama and particularly Freeport to be licensed, with the [Grand Bahama Port Authority] recognizing BREA as the licensing agent for Freeport."

The new acting President of BREA, Patty Birch, was elected at the associations Annual General Meeting on March 25th 2010. The Vise President, also elected into office, was Sara Callender.

Friday, March 19, 2010

RE/MAX Paradise Realty Brokers & Agents Receive Awards

On March 1st, thousands of RE/MAX real estate agents from around the world descended upon Orlando, Florida to attend the annual RE/MAX International Convention to learn, network and enjoy the unique energy generated at the annual gatherings.

The Convention offered educational classes, seminars to help improve and promote business, a trade show, and most importantly great networking opportunities between RE/MAX agents. There was also the annual awards banquet honoring top producing agents and offices.

Principal Broker of RE/MAX Paradise Realty, Craig Pinder, who was awarded the 100% Club Award for sales performance in 2009, said he was “very pleased to receive the award” and he would continue to “take RE/MAX Paradise Realty to the next level of customer satisfaction.”

RE/MAX Paradise Realty’s Zack Bonczek, broker and sales manager, and Jennifer Higgs, broker, both received Executive Club awards for their sales performance and achievement in 2009.

“it is extremely important to attend these annual conferences so that brokers and agents can learn new skills and techniques that will ultimately better serve our clients” said Mr. Bonczek. “RE/MAX is unmatched when it comes to educating its members and giving them the tools to be the best.”

Mrs. Higgs agreed and said "We learned a lot and had fun meeting wonderful people from all over the world. It was inspiring to see how many agents have soared to the top through RE/MAX. We’ll definitely be in Las Vegas next year."

Education was front and center throughout the week. Tip-filled sessions on social media, marketing, technology and other relevant topics were held each day. “It was wonderful, a lot of very useful information,” said a former agent, Nassau sales associate of RE/MAX Paradise Realty. “We’re excited to get back to our office to practice what we learned.”

Frank Knowles, RE/MAX Paradise Realty’s agent in Hope Town, Abaco, said that he “thoroughly enjoyed meeting and learning from such a vast network of realtors, especially from RE/MAX Cayman agents who we share a lot of similarities with.”

RE/MAX is a global franchise of more than 6,800 independently owned and operated offices in 70 different countries and nearly 100,000 agents.

RE/MAX was founded in 1973 by Dave and Gail Liniger. From a single office in Denver, Colorado, RE/MAX has grown to be a global network of nearly 100,000 sales associates in more than 75 countries. RE/MAX was honoured as the leading real estate franchise in the “2009 Franchise Times Top 200.” No one sells more than RE/MAX!

Wednesday, March 10, 2010

Some Great News for The Bahamas Economy

Despite the ongoing pessimism regarding the global economic outlook, The Bahamas continues to get great news with the announcement of some very positive events!

Firstly, the Minister of Tourism, Mr. Vincent Vanderpool-Wallace was quoted recently in The Nassau Guardian newspaper as saying, "In the middle of a recession, 2010 will see an increase of over 400,000 new air-seats bringing a potential visitor spend of an additional $400 million compared to 2009," during a debate on the government's mid-year budget in the Senate. "These new seats include non-stops to Exuma, to Abaco and to Eleuthera from the United States and Canada that have either never been seen before or haven't been seen in decades."

This potential injection of revenue into the local economy will surely have a profound effect on the economy of our country! Mr. Vanderpool-Wallace went on further to say, "We are restoring the proximity advantage of The Bahamas by having that proximity reflected in the cost of travel to The Bahamas. That, as I mentioned earlier, is the first of six strategies that we outlined for tourism over a year ago. There is very strong research to show that for flights under three hours in length, the customer would rather spend their hard earned money enjoying themselves at the destination instead of consuming their funds in airfare cost in traveling to the destination. We are obliging them." The remarkable part to this statement is that proximity not only the tourist visitor but the second home owner as well!

Another very encouraging bit of news is that the new Baha Mar Resort in Cable Beach seems to finally be moving forward with the release of the news that there will be an estimated $7 Billion (with a B) in wages injected into the Bahamian economy in the next 2 decades. A report by the Oxford Economic Company, seen by Guardian Business, set out some of the key economic benefits which could create a "transformative economic event for The Bahamas in terms of tourism, economic multiplier effect, infrastructure and social change".

Yesterday Hu Dingxian, Ambassador to The Bahamas for the People's Republic of China, re-asserted his country's commitment to the project saying: "Baha Mar is an important project for the long-term benefit of The Bahamas. It is exciting that two Chinese companies, China's Exim Bank and China State Construction, are participating with Baha Mar to bring this project to fruition."

The benefits outlined in the report include:

  • 6,500 Bahamians directly employed by Baha Mar by 2014
  • A further 2,000 jobs indirectly created by the project, totaling 8,500
  • $5.5 billion in direct wages going straight into the pockets of Bahamian families
  • A further $1.5 billion in salaries for those indirectly employed
  • A $14.8 billion contribution to The Bahamas gross domestic product GDP - a massive boost to the national economy.
  • $24.5 billion extra in visitor spending over a 20 year period, though spending and direct taxes, taking the total contribution for the resort to $33.6 billion over the next two decades
  • An extra $6.2 billion in government revenues over a 25-year horizon.
  • Visits to the property jumping from 250,000 this year to 644,000 by 2016, generating a predicted 2.3 million visitor nights. Figures have also predicted that the development will inject $880 million into The Bahamas in its first year of operation through direct taxes and spending.

It is clear to see that the future of the Bahamas economy and, as a result, the Bahamas real estate market will be enormously effected over the next several years! There is no better time than now to get into the Bahamas real estate market!

Wednesday, March 3, 2010

$100 million development takes next step forward

Developers of the $100 million Balmoral community are gearing up to launch its $15 million phase two component, with 100 percent of units already sold in the first stage.

The project is now ready to welcome the first residents into their homes, following the almost two year construction period that employed around 150 workers daily.

"We're moving full steam ahead [and] right now we're just getting ready to close on the first phase of the townhomes and condominiums," said Jason Kinsale, one of the primary developers. "We're now getting ready to start our second phase in about 45 to 60 days."

"The club will be opening in the June time frame officially...tennis courts are complete and we're just getting ready to do landscape etcetera within the next month."

The project's success in getting units sold has everything to do with a present need for home ownership in The Bahamas, Jason said, with about 50 percent of the buyers for the completed phase falling into the first-time-owner category.

"One thing that's really happening is people can see it nearing its completion and we're moving away from relying on drawings of the site to the more tangible," Kinsale added. "A lot of people still need somewhere to live and the market that we're targeting - the young professionals [who are] 30 to 40 for the most part.

"These people are still in the position where they can make payments, so why not make mortgage payments rather than renting out every month?"

Kinsale is particularly pleased with the effect that the recession has had on construction costs; savings make the project a lot more attractive to the buyer.

Friday, February 26, 2010

Buying your piece of Paradise Bahamas

There are 700 islands and cays (pronounced keys) making up The Bahamas creating a vast selection to choose from when it comes to buying your own piece of paradise in The Bahamas.

From remote out island homes or beachfront properties where you can listen to the sound of the waves and just relax, to the city life of Nassau where just about everything is at your fingertips, The Bahamas has something to offer every potential purchaser.

With so many choices available, speaking with a qualified real estate agent can help in locating a property that meets your personal investment objectives. Some people that have visited The Bahamas before may know exactly what they are looking for, and for others the decision may not be so clear. As a real estate agent, our goal is to uncover what type of property will meet your specific needs and assist you in buying that little spot to call paradise.

The first thing a potential purchaser should do after selecting the right agent will be to discuss what you are looking for regarding your potential purchase. By asking you questions and listening to what your specific needs are, getting to know you and your lifestyle, dreams and goals, along with gathering other important information, your real estate agent will then be able to guide you to properties that meet many or all of your criteria making the process much easier and therefore giving you the right options to choose from.

If you are looking to purchase your idyllic spot in The Bahamas, let a qualified RE/MAX real estate agent assist you in making the right decision to achieve your real estate goals.

Tuesday, February 16, 2010

Priced to Sell; Choosing the right Bahamas Real Estate Agent for You

You have been thinking and rethinking whether you should put your house on the market and you have now decided that it is the right time for you to sell your Bahamas real estate.

The first thing you should do is contact a local real estate agent to assist you. “Who do I call?” you may ask. Well you need to find an estate agent that you will get along with. Pick an agent that is going to look out for your best interests and not just an agent who wants another listing under their belt.

Opening the telephone directory and randomly choosing a real estate agent is literally the ‘blind’ approach. You need to select an estate agent that will gel with you, an agent that you feel comfortable with and one that you can trust.

The first place you should look for a real estate agent is in your group of contacts; your family, your friends, your business partners, your co-workers, your friends friends etc. If you do not know an estate agent personally, ask your group of contacts; they probably have had dealings with an agent and can point you in the right direction whilst also informing you of agents or company’s not to have any dealings with.

After you have done some research on the agents and their respective companies, and narrowed the list down to about three or four agents, it is time to interview them. Arrange interviews with each agent so that you can find out who the best agent and company is to potentially market your property. As the agents are asking you questions on your home you can ask them questions on their experience, their respective real estate company, and what homes are selling for in your neighbourhood. If the agent is prepared they will be able to give you some information on themselves and their realty company. After each of the agents have left your property you will have a better feel on who they are and who they represent.

The estate agents at RE/MAX Paradise Realty are fully trained and prepared to list your home for sale. We offer information and statistics to help you in choosing us to represent you and your property, but we are not interested in getting a listing just to have it in our database. We are dedicated on listing your home at the right market price.

Listing your home with the right market price will benefit you. Rather than listing your home at an inflated rate and having it sit on the market for months or even years, reduce your asking price to the right market level. This will ensure your home is in front of more eyes which in turn will result in a quicker and more successful transaction.

The Bahamas Real Estate Market: Why we have survived!

I am often approached by buyers, foreign and local alike, asking if the real estate market has suffered like that of our neighbours to the north. The answer is a resounding "Not even close!" Typically there is an uncomfortable silence on the other end of the line and then I begin to explain.

The Bahamas real estate market is a very unique creature indeed! We are geographically close to the US and our government and currency are stable. We enjoy a year around climate that is sunny and warm and our islands and our people are equally as beautiful. Our banking industry has very prudent lending practices which enables them to minimize their risks while maximizing their returns. We did not experience a "credit crisis". Another interesting contrast with the US real estate market is that we do not have an over abundance of inventory. We do not have neighbourhoods that are 50% or more in foreclosure. We have not seen a huge sell off of foreign or locally owned properties. We have enjoyed a relatively balanced supply and demand situation.

While I would be remiss in not mentioning a correction in pricing, all markets across the globe will, from time to time, experience some correction. This is healthy for the market and healthy for the economy as it allows the more prudent investors the opportunity to enjoy the benefits of home ownership in a slower market.

If you are interested in learning more about our market and it's dynamics I would be happy to discuss it with you. There is much to learn but one thing is for sure: There is no better time to get into the Bahamas real estate market!

Friday, December 11, 2009

Bahamas signs two more tax treaties

THE Bahamas has signed its ninth and tenth Tax Information Exchange Agreements (TIEAs), with France and Belgium respectively, leaving it only two short of the minimum 12 such deals demanded by the G-20/Organisation for Economic Co-Operation and Development (OECD).

The deputy prime minister and minister of foreign affairs, Brent Symonette, is pictured (top left) signing the Bahamas' agreement with Belgium at the Hôtel des Finances in Brussels.

Didier Reynders, deputy prime minister and minister of finance of Belgium, signs on behalf of that country.

Monday, November 2, 2009

Lyford Hills $20-25 million infrastructure investment

The lead developer of Lyford Hills has told Tribune Business that some $20-$25 million will have been invested in the subdivision's infrastructure once it is completed, with some four to five lots being sold per month despite the recession.

Tennyson Wells, the former FNM and independent MP and Cabinet minister, said all the sewerage lines had been put in for the 126-lot Phase I at Lyford Hills, with 70 per cent of the trenching for electricial, water and communications lines, and "40-50 per cent of the water, telecommunications and electricity" piping installed throughout the three-phase project.

"The infrastructure is going in," Mr Wells told Tribune Business. "We opened it [Lyford Hills] in May of this year, and we have all the sewerage lines for Phase I in. The roads are in throughout the entire subdivision - the base roads for phases I, II and III.

"I was hoping to have Phase I completed by the end of November, but hopefully by the end of January we should have completed it. We are about a month-and-a-half to a month behind the schedule of where we thought we would be now. The main reason [for the delay] was equipment problems."

Still, Mr Wells said he and the development team expected to "roll into Phase II within the month", that stage featuring 95 lots available for sale, with the third and final phase including "150-something" lots.

Lot prices, the former MP said, range from the $120,000s to around $300,000, with some four to five lots sold per month in Lyford Hills since the development started in May.

"We have sold about 20, and for quite of number of others, people are in the banks dealing with funding," Mr Wells added. "The interest in it has been very high. A lot of people want it, and we have sold four times as many as in previous developments."

As for his other real estate projects, Mr Wells said sales at the 115-lot Yuma Estates had "been very slow this year" as the economic contraction bit, prompting himself and the other investors to "take the bank out of it".

"We have purchased some of the lots ourselves, and will hopefully take the bank out of it in the next month or so," Mr Wells explained.

"We still have 20-odd lots left. We think that's a very good subdivision, and are not going to reduce the prices on that." Lots at Yuma Estates, he added, are priced from $90,000 up to $105,000.

As for the 181-lot South Seas, Mr Wells said some "30-odd" of those had already been sold, and he now had approval from both the Bahamas Environmental, Science and Technology (BEST) Commission and the Bahamas National Trust (BNT) to cut the channel for the planned marina, something that had already started.

At South Seas, lot prices range from $90,000 to $205,000, the latter being for the likes of commercial lots, fourplexes and triplexes.

As for his latest acquisition, the former Bacardi plant adjacent to the South Seas development, Mr Wells said he and his fellow investors were "still working on" their plans for the site and would be able to say more in a month's time.

Wednesday, October 7, 2009

Why should I use a Licensed Real Estate Agent?

If you are arrested and taken to jail wouldn’t you want a Defense Attorney who knows the inns and the outs of the Law to fight on your behalf? Or would you prefer a lawyer who was just called to the bar and has no experience? Personally I would go for the former and not the latter.

The same logic applies to having an estate agent fight for your real estate needs. On one hand you have a well educated estate agent whose day to day job is real estate, on the other hand you have your buddy who thinks he knows real estate, but his day job is an a/c repair technician. Who would you rather be looking after your best interests? The answer is clear.

A licensed estate agent has chosen real estate as their career so they have studied the law, passed courses and exams, earned designations in specific real estate fields, and work in the industry on a daily basis.

A licensed estate agent has the knowledge and experience to handle your real estate needs whether you are in the market to purchase or whether you are looking to sell. They have an extensive network of contacts within the real estate industry including, but not limited to, estate agents, appraisers, brokers, attorneys and architects.

The Bahamas Real Estate Association governs the real estate industry in The Bahamas and they have a fairly current online list of licensed estate agents throughout The Bahamas Islands which you can peruse at any time.

Tuesday, September 15, 2009

BREA urges land buyers to ensure they have proper titles

President of the Bahamas Real Estate Association (BREA) William Wong yesterday urged all prospective land buyers to ensure that due diligence is taken when purchasing property, including making sure that they have "clear and good land titles."

His comments came almost two weeks after Canaan Baptist Church was demolished after losing a land ownership battle with Arawak Homes.

"It is really up to the buyer to make sure that they do the due diligence, making sure that their lawyer does all the proper checking before they pay for a piece of property. That is one of the fundamentals in buying real estate - knowing that you are buying a piece of property that has a good title and the person who is selling it has a right to sell it," Wong said

Canaan Baptist Church pastor, Rev Eugene Bastian said that he purchased the property from a local company back in 1999 for $30,000. But a September 1 court judgment found that Arawak Homes rightfully owned the Charles Saunders Highway property.

As a result of the court ruling, Arawak Homes demolished the church, sparking outrage among some members of the religious community. However, Arawak Homes chairman Franklyn Wilson told The Nassau Guardian in an earlier interview that even more churches are embroiled in land ownership disputes with his firm.

Wilson said the problem of people occupying land with no legal claims is an issue that needs to be tackled.

While not commenting directly on the Canaan Baptist situation, the BREA president agreed that there are cases of people squatting on other people's land without buying the property.

Wong also agreed that over the years, people have abused the Quieting Title Act. This legislation provides for individuals who have occupied or farmed land for 12 years or more to apply to the courts for legal title to the property.

"I have heard stories of certain people acquiring properties that they have no interest in. And I think by now the government has seen to this and they have taken measures to have it corrected," he said.

"I have heard stories where people have been quieting properties for their own benefit and they have no idea who these properties belong to. They figure it is vacant and they make a claim for it. But, I think that is quieting down these days and people are a bit more diligent."

As for the Association, Wong said, "our agents, they make sure that when they are selling somebody's property that it is up to the buyer to make sure that he/she is able to get good title before they purchase property."

Monday, August 17, 2009

New Paradise Realty Bookmarks

The website for RE/MAX Paradise Realty has recently added bookmarks so now you can bookmark and share Bahamas real estate listings with your family and friends on social sites like Delicious, Facebook, MySpace, Stumble Upon, Twitter and more.

The AddThis sharing bookmark tool is a quick and easy way to share what you have found on the internet. Try it out and let me know what you think.

Wednesday, May 6, 2009

RE/MAX Bahamas now on MySpace!

RE/MAX Paradise Bahamas Realty has now joined the social network MySpace! If you are a member of MySpace and you would like to be friends to stay up to date with real estate in The Bahamas and the RE/MAX company itself, just add them.

Find the profile here:
RE/MAX Paradise Realty on MySpace

Monday, April 27, 2009

RE/MAX Paradise Realty now on Twitter!

Looking to keep up with what's happing in real estate in The Bahamas? If you are then this is right up your ally.

RE/MAX Paradise Realty has now joined the Twitter community. Find RE/MAX Bahamas on Twitter right here at: http://twitter.com/REMAX_Bahamas

Tuesday, March 24, 2009

New RE/MAX franchise in The Bahamas

(Denver, CO – March 24, 2009) RE/MAX International Inc. celebrated the official signing of the Commonwealth of the Bahamas - the 73rd country to join the RE/MAX global network - with a flag-raising ceremony at its Denver headquarters.

One of the top Bahamas real estate companies have aligned themselves with the real estate powerhouse RE/MAX to serve you better. Formally named Paradise Real Estate, now RE/MAX Paradise Realty. New name, same great service!

If you are in the market for Caribbean real estate then why not consider The Bahamas? Real estate in The Bahamas is still doing well even with the economic down turn.

RE/MAX Paradise Realty now offers the worldwide brand name of RE/MAX along with their expertise.

RE/MAX Paradise Realty Ltd. is a full service Bahamas real estate firm that offers listings throughout The Bahamas islands including everything from waterfront to beach front homes, vacant land and acreage, luxurious rentals, and island getaways.