Owning a property makes you feel good and gives you a sense of accomplishment with your life. However, when you own a property, it also owns a piece of you, your time, energy, and money.

Vacation properties are the classic example of this, as we all want someplace to get away. But, sometimes, we don’t have the time or feel like going to the property after several years. These situations create extra financial burdens of paying the taxes and maintaining the property with no return.

The Bahamas is the one place foreigners flock to, thanks to the close proximity to the United States. The real estate market took a hit last year but is coming back as lockdowns and travel restrictions ease.

If you want to sell a Bahamas property, now is one of the best times to take advantage of the robust markets. We look at the steps you want to follow to sell your property for the maximum amount with the fewest headaches.

The Listing

Selling Bahamas Property is not as easy as you might think, with the taxes, commissions, and property listing. The first thing you should do is talk to a real estate agent that has access to the Bahamas Multiple Listing Service (MLS). The MLS helps you to see recent sales activity, and your agent can recommend an excellent selling price.

A part of the listing process requires understanding the taxes, commissions, and fees you are paying. The government sets a stamp tax after you have an appraisal on the property to determine the value. A VAT tax also applies on all properties and is a sliding scale depending on the amount.

The property taxes must be paid in full, and you will have to cover the closing costs to complete the transaction.

We recommend using a realtor with access to the Bahamas MLS that knows the markets.

Island Property Group knows the Bahamas, and we will get you the best results for selling your property. Our professionals are experts in these markets, and we will help you every step along the way to complete the transaction.

Prepare Your Property for Sale

After you decide to sell the Bahamas property, you want to prepare everything to create the best results. We recommend doing all maintenance, touch-ups, and removing any clutter from your house. You want to get the property looking great and maintain this standard throughout showing the house.

We will bring out a professional photographer that will take pictures of your house and post them on social media and the MLS. Prospective buyers will see these pictures and want to see the property. The condition of the property determines if buyers are excited about your house.

We recommend having us do a walk-through and give you tips on how to prepare your property for sale. The markets are robust, and you can receive multiple offers if you do everything right.

Island Property Group can represent you and make the process to sell Bahamas property easy for you. We know the markets and give you advice on how to attract the most interest from potential buyers.

Increase Exposure

Exposure is essential in deciding how quickly your property sells and reaching out to interested buyers. We use all sources to get you the maximum results and draw the most interest from buyers.

Our approach is to provide pictures, in-person tours, aerial photography, and top-notch brochures. We market your property throughout the Caribbean, North America, Australia, Europe, and Asia to give you maximum exposure.

Island Property Group is the premier realtor that knows Bahamas real estate and will get you results.

The Closing

The closing is the last part of the transaction but requires due diligence to show you own the property. The government requires completing the detailed paperwork to verify and confirm your identity. All this takes place before the closing, and the documents are included with all paperwork to close the transaction.

Island Property Group will walk you through all of the necessary paperwork to ensure everything goes smoothly. We will help you to close the property at a price that meets your satisfaction.

We Make the Selling Process Easy

These are some of the basic steps to follow for selling your property in the Bahamas. Call Island Property Group today at 1-800-659-6519 and see how we can help you to get the maximum price for your property. We know the markets and will make the process of selling your home easy. 

We can help and are located on Richmond Drive, near Riverside Park in New Smyrna Beach.

Posted by Mark Wood on


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