Price Tags
This is the typical price range for a starter condo in Nassau, located in areas like Cable Beach or Coral Harbour.
What is $250,000 to $400,000?
This property type allows you to build from scratch.
What is a vacant lot or undeveloped land?
This is typically the first step for buyers before viewing homes in person.
What is getting pre-approved or securing financing?
The VAT tax on the closing of a home is generally shared equally between buyer and seller. True or False?
What is True!
This Paradise Island community includes homes, a golf course, and access to Atlantis.
What is Ocean Club Estates?
A duplex or income-generating property in eastern Nassau (e.g., Sea Breeze Estates) can range from this price.
What is $350,000 to $600,000?
Real estate listings often use this term to describe a fully furnished, move-in ready home.
What is turnkey?
This percentage is used by lenders to determine how much home financing you can afford.
What is total debt service ratio?
The Bahamas is considered a tax haven because it has no annual property tax. True or False?
What is False! The Bahamas is a tax haven because it has no income tax, capital gains tax, or inheritance tax. The Bahamas does have an annual property tax (real property tax) on homes above a certain price ($300,000).
A canal-based neighborhood in the west known for its colorful architecture and family-friendly vibe.
What is Sandyport?
The average cost of a single-family home in central neighborhoods like Westridge or Blair Estates.
What is $400,000 to $700,000?
A type of property where individuals own their specific unit (apartment or dwelling), but the common areas of the property, such as hallways, elevators, or a swimming pool, are jointly owned.
What is a condo or condominium?
This legal document officially transfers ownership of a property.
What is a conveyance or deed?
First time purchasers of a home may be exempt from VAT where the value does not exceed $300,000. True or False?
What is true?
This prestigious community is named after a historic British fort, and has proximity to Lyford Cay and Albany.
What is Old Fort Bay?
This is the price range you’d expect for a vacant residential lot in a gated community like Charlotteville or Windsor Lakes.
What is $150,000 to $300,000?
A property type that an individual owns but shares at least one wall with another, often found in urban areas.
What is a townhouse?
This final meeting involves signing documents, transferring funds, and handing over keys.
What is closing or closing day?
A foreigner who bought property in The Bahamas and had that property for four years is automatically granted permanent residence and qualifies for Bahamian citizenship. True or False?
What is False! While property ownership can lead to a residence permit and potentially permanent residency, it's not a direct path to citizenship. Becoming a Bahamian citizen requires meeting specific requirements, including residency for a certain period (5 years or more) after obtaining permanent residence.
This exclusive neighborhood is one of the oldest luxury gated communities in the Bahamas.
What is Lyford Cay?
According to a Q4 2024 Real Estate Market Report, the average property value adjusted. from $545,700 to what?
What is $495,000?
A residential property designed to accommodate more than one family living separately, with each unit having its own kitchen, bathroom, and living space. Common examples include duplexes, apartment buildings, and condominiums.
What is a multifamily home?
This is done to generate a report that is used to verify if there are any outstanding claims or issues on a property.
What is a title search?
There are legal fees on conveyance, and if financing with a mortgage, there are legal fees on the loan. Legal Fees are subject to 10% VAT (as are all services). True or False?
What is true.
This high-end oceanfront development opened in 2021 in western Nassau and features luxurious residences with stunning views, top-tier amenities, and exclusive dining options. With condos typically range from $1 million to $5 million, and penthouses that can go for upwards of 10 mil.
What is Goldwynn Bahamas?