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Why Should I Hire a REALTOR®

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. Kim Sheen is has been a proud member since 1988! 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,…

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Anti-Money Laundering Laws in Bermuda

Bermuda’s real estate community is now subject to the same AML/ATF (Anti Money Laundering/Anti-Terror Financing) laws, regulations and guidelines that are already in effect in many other jurisdictions. Real estate brokers are now required to obtain far more information than in the past. You will be asked to complete forms that are similar in content to those your bank or your lawyer may have already requested. While this may seem to be a duplicated effort,…

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Eight Costly Mistakes Vendors/Landlords Make

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.

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Open vs Sole Listings

“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.

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Non-Bermudian Purchase

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.

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