How To Buy a Home for the First Time in The Bahamas
Posted by Helen Dupuch on
TL;DR – Buying Your First Home in the Bahamas
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First-time buyers should connect with a BREA-licensed agent to navigate local market conditions and legal requirements.
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Expect upfront costs like the International Persons Landholding Act fee, legal services, stamp duty, and VAT.
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Financing options typically include local Bahamian mortgages, with non-residents needing larger down payments (~25–30%).
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Mortgage pre-qualification is essential. Lenders assess residency, income, and property details before approval.
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Due diligence involves conducting surveys, title searches, and inspections to identify and avoid potential issues post-purchase.
Buying your first home is a big deal, especially when it's in…
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