Articles

Why Should I Hire a REALTOR®

Posted by admin on April 23, 2018
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Category: Uncategorized
14 Reasons to Work With a REALTOR® REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. This is the REALTOR® difference for home sellers and buyers: An expert guide. Selling a home usually requires dozens of forms.  A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to

Anti-Money Laundering Laws in Bermuda

Posted by admin on May 29, 2018
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Category: Uncategorized
Bermuda’s real estate community is subject to the same AML (Anti Money Laundering) laws and guidelines that are already in effect in other jurisdictions. All Real Estate companies in Bermuda now have to register with the FIA (Financial Intelligence Agency) in order to obtain information from each person who is selling or purchasing property here in Bermuda. New laws are now in effect in order to prevent money laundering and terrorist financing via real estate
There are always appropriate steps to investing in real estate.  However, there are also inappropriate steps vendors/landlords can walk down when it comes time to put their property on the market.  In my 23 years of being in the business I see the same mistakes over & over when all they had to do was to listen to the voice of an experienced professional. 5155

Open vs Sole Listings

Posted by admin on April 23, 2018
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Category: Uncategorized
“Open Listing” means owner of the property can let as many agents as possible to market his/her property & will pay a commission only to an agent who can find the buyer/renter to the owner. In this case, any agent with the potential buyer/renter can approach owner directly & close the deal, other agents all lose out & get nothing at all. 5148

Non-Bermudian Purchase

Posted by admin on April 23, 2018
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Category: Uncategorized
Non-Bermudians MAY purchase qualifying properties in Bermuda. In order to be available to a non-Bermudian purchaser a property must have an assessed Annual Rental Value (“ARV”) at or above a set minimum level (in effect disqualifying properties in the middle to lower price ranges). NB: ARV is not a reflection of market value but rather is used as the basis for calculating Land Tax. 5163