Tag Archives: caribbean living

WATCH: Why Being Near Water Could Be the Key to Happiness, According to Research

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Even daydreaming about traveling off to a faraway island, where the sand is warm, and the water is crystal-clear blue can give people a sense of calm. So, this should make it no surprise that actually sitting next to a pristine body of water actually does come with some pretty fantastic well-being benefits.

According to best-selling author and marine biologist Wallace J. Nichols, merely being close to a body of water, be it sea, river, lake, or ocean, promotes mental health and happiness. And he wrote all about it in his book, Blue Mind.

“The term ‘blue mind’ describes the mildly meditative state we fall into when near, in, on or under water,” Nichols told USA Today in 2017. “It’s the antidote to what we refer to as ‘red mind,’ which is the anxious, over-connected and over-stimulated state that defines the new normal of modern life.”

As Nichols noted, research proves his theory that being near water can help us all achieve “an elevated and sustained happiness.”

That elevated level of happiness happens because, according to Nichols, water helps in “lowering stress and anxiety, increasing an overall sense of well-being and happiness, a lower heart and breathing rate, and safe, better workouts. Aquatic therapists are increasingly looking to the water to help treat and manage PTSD, addiction, anxiety disorders, autism and more.”

Perhaps this is why we are all willing to pay more for a house along the water, or a room with an ocean view.

Moreover, being near water can increase our creativity, including our conversational abilities. But, being near water doesn’t only help us during our waking hours. It can help us in our sleep, too.

“There is some research that says people may sleep better when they are adjacent to nature,” W. Christopher Winter, M.D., author of The Sleep Solution, told Conde Nast Traveler. “No wonder sleep machines always feature the sounds of rain, the ocean, or a flowing river.”

And this gift of Mother Nature’s to soothe us all with a simple drop of water is precisely why Nichols believes it’s so important to protect this precious gift.

Source: SouthernLiving.com – By Stacey Leasca July 19, 2018

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SOUTHERN CARIBBEAN REAL ESTATE CRUISE – EXPLORE THE REAL ESTATE MARKET WHILE CRUISING THE CARIBBEAN!

The Caribbean has always been a much sought-after destination for purchasing vacation homes and villas. In recent years its allure has increased even more. If you are curious about buying Caribbean real estate and are unsure of which island or type of property would be the right fir for you then perhaps the long-awaited Caribbean Vibrations TV Real Estate Cruise may be the place to start.

Organized and hosted by long time Caribbean Vibrations TV host, Alain P. Arthur, join Caribbean Vibrations on its first ever Caribbean Real Estate Cruise from November 16.23, 2019. Sailing throughout the Southern Caribbean for 7 days aboard the Celebrity Summit from Puerto Rico to St. Thomas, St. Kitts, St. Lucia, Antigua and Barbados we show you properties for sale on each island that will help turn your dream home into a reality.
During the cruise, you will be immersed in Caribbean lifestyle while having the opportunity to dialogue with key real estate & business leaders at each destination. Experience cultural diversity firsthand during organized property inspection tours while connecting with like-minded individuals interested in investing in the Caribbean.

CARIBBEAN VIBRATIONS PACKAGE INCLUDES:
• Round Trip Cruise departing Puerto Rico on the Celebrity Summit, choice of cabin category
• All Cruise Port charges, taxes, and fees
• All meals aboard the ship
• Welcome Reception in Puerto Rico
• Farewell Reception onboard the ship
• Pre-trip Real Estate Cruise Information Package
• Half Day Property Inspection Tours on 5 islands including land transportation
• Fully hosted by Caribbean Vibrations Ltd. and international real estate/travel agents
• Exclusive CV Luncheon or Reception at each island stop
• Plus, Caribbean Vibrations Special Perks

TO BOOK YOUR CRUISE CONTACT:
Anne Brobyn
Hibiscus Tours International Ltd.
Tel: 1-866-995-5948 anne@hibiscusinternational.com

Alain P. Arthur
Caribbean Vibrations TV
Tel: 416-451-8596 apa@caribbeanvibrationstv.com

Click link to learn more – https://www.youtube.com/watch?v=N1bxT-NGIlg

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How To Sell Your Property In Jamaica

 

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Thinking About Moving? Want A Change Of Scenery? Have You Had Any Thoughts Of Selling?

Selling a property in Jamaica, can be a scary process, if you do not have the right Real Estate Professional by your side. Thank God, I am here to assist you!

When selling Real Estate, every owner wants the same thing – the Best Possible Price with the least amount of Hassle and Aggravation. Doing business in today’s real estate world requires experience and training in such fields as: Real Estate Marketing, Financing, Negotiation and Closing – all of which I possess.

HOW DOES THE SALES PROCESS WORK HERE IN JAMAICA?

All you need to do is pick up the phone and give me a call at 1-876-862-5848. I can also be contacted via whatsapp, text messaging, email at paulasellsjamaica@gmail.com My Facebook Business Page – Paula Sells Jamaica and my YouTube Channel is – Paula Sells Jamaica. After which, I will schedule an appointment with you, at your earliest convenience, to view your property and discuss our way forward.

After I have viewed your property, I will go back to my office and research your property and present you with a Comparative Market Analysis (CMA). A CMA in the simplest of terms, is a valuation which a Professional Real Estate Agent does, which gives you a suggested price, at which to list your property for sale, by comparing your property with all the properties which have sold in recent time and which are currently on the market for sale in your area. Unfortunately, this cannot be used to submit to Banks or other Lending Institutions. After I present you with your CMA, I will also present you with my customized Marketing Plan for your Property. This is my guideline on how, I will get your property sold, for the most amount of money, in the shortest possible time.

Your Marketing Plan may include, but is not limited to: Newspaper Advertising, Magazine Advertising, Web-listing, Social Media Advertising (LinkedIn, Facebook, Instagram, YouTube, etc.), Signage (For Sale sign posted at a designated spot), Open Houses, Networking with other Sales Associates/Brokers or Real Estate Companies and other appropriate marketing strategies.

We will agree on the best Listing Price, that will ensure that your property is Competitive with others for sale in your surrounding area. We will discuss the Listing Agreement and the length of the Agreement. Then we will sign to what we have agreed upon.

The house will need to be in “Show” condition before being placed on the market, so we will also discuss what will need to be done, if anything, before your property goes up on the Multiple Listing System (MLS), where it will be syndicated to thousands of websites across the world. Our goal is to make your home as attractive as possible to Prospective Purchasers, which will shorten the time it will be on the market and increase the chances of us getting “Top Dollar” for your property.

After your house is placed on the market and we have done numerous showings to prospective purchasers and obtained an Offer to Purchase from an interested buyer. I will explain the Offers details to you and help you to negotiate the best possible price we will be able to get for your property.

After we have agreed on a Sales Price with the Purchasers, I will turn over all documentation to your Attorney, who will prepare the “Sales Agreement” for both you and the buyer to sign. The buyer will be required to pay a minimum deposit of 10% of the purchase price upon signing this agreement.

Both Attorney’s then begin the process of transferring the title, this includes the payment of Stamp Duties and Transfer Taxes. The balance of the purchasing price is due upon the closing of the sale.

HOW LONG DOES IT TAKE TO SELL A PROPERTY?

If the buyer’s purchase is financed by a Mortgage from a Jamaican Financial Institution, the average time to complete the sale is approximately 60-120 Days or 2-4 months from the signing of the Sales Agreement. However, please bear in mind, this is not always the case. This time frame may be extended because of situations beyond anyone’s control or it may also be shorter. It all depends on may variables.

The period of closing for a cash purchase is determined by the buyer and the seller. However, this can be as quickly as 30-45 days all being well.

WHAT ARE THE COSTS ASSOCIATED WITH SELLING A PROPERTY?

Government Transfer Taxes & Registration Fees (5% and 0.5% respectively of the Selling Price). This may change on April 1, 2019.

Government Stamp Duty (4% of the purchase price), which is shared equally between Seller and Buyer.

Real Estate Agent Commission (approximately 5% – 6%).

Attorneys Fees (approximately 3% – 5% of purchase price, or as negotiated).

 

Source : Paula Sells Jamaica – Paula Roper Bacchas
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Do You Want To Sell Your Property In Jamaica? Let Me Show You How!

Selling a property in Jamaica, can be a scary process, if you do not have the right Real Estate Professional by your side. Thank God, I am here to assist you!

When selling real estate, every owner wants the same thing – the best possible price with the least amount of hassle and aggravation. Doing business in today’s real estate world requires experience and training in such fields as: real estate marketing, financing, negotiation and closing – all of which I possess.

HOW DOES THE SALE PROCESS WORK?

All you need to do is pick up the phone and give me a call at 1-876-862-5848. I can also be contacted via whatsapp, text messaging, email at paulasellsjamaica@gmail.com My website at www.paulasellsjamaica My Facebook Business Page – Paula Sells Jamaica. After which, I will schedule an appointment with you, at your earliest convenience, to view your property. After I have viewed your property, I will go back to my office and research your property and present you with a Comparative Market Analysis (CMA). A CMA in the simplest of terms, is a valuation which a Professional Real Estate Agent does, which gives you a suggested price, at which to list your property for sale, by comparing your property with all the properties which have sold in recent time and which are currently on the market for sale in your area. After I present you with your CMA, I will also present you with my customized Marketing Plan for your property. This is my guideline on how, I will get your property sold, for the most amount of money, in the shortest possible time.

Your Marketing Plan may include, but is not limited to: newspaper advertising, magazine advertising, web-listing, social media advertising, signage, open houses, networking with other Sales Associates or Real Estate Companies and other appropriate marketing strategies.

We will agree on the best listing price, that will ensure that your property is competitive with others for sale in your surrounding area. We will discuss the Listing Agreement and the length of the Agreement. Then we will sign to what we have agreed upon.

The house will need to be in “Show” condition before being placed on the market, so we will also discuss what will need to be done, if anything, before your property goes up on the Multiple Listing System (MLS), where it will be syndicated to thousands of websites across the world. Our goal is to make your home as attractive as possible to Prospective Purchasers, which will shorten the time it will be on the market and increase the chances of us getting top dollar for your property.

After your house is placed on the market and we have done numerous showings to prospective purchasers and obtained an Offer to Purchase from an interested buyer. I will explain the Offers details to you and help you to negotiate the best possible price we will be able to get for your property.

After we have agreed on a Sales Price with the Purchasers, I will turn over all documentation to your Attorney, who will prepare a “Sales Agreement” for both you and the buyer to sign. The buyer will be required to pay a minimum deposit of 10% of the purchase price upon signing this agreement.

Both Attorney’s then begin the process of transferring the title, this includes the payment of Stamp Duties and Transfer Taxes. The balance of the purchasing price is due upon the closing of the sale.

HOW LONG DOES IT TAKE TO SELL A PROPERTY?

If the buyer’s purchase is financed by a Mortgage from a Jamaican Financial Institution, the average time to complete the sale is approximately 120 Days or 4 months from the signing of the Sales Agreement. However, please bear in mind, this is not always the case. This time frame may be extended because of situations beyond anyone’s control or it may also be shorter. It all depends.

The period of closing for a cash purchase is determined by the buyer and the seller. However, this can be as quickly as 30-45 days all being well.

WHAT ARE THE COSTS ASSOCIATED WITH SELLING A PROPERTY?

Government Transfer Taxes & Registration Fees (5% and 0.5% respectively of the Selling Price)

Government Stamp Duty (4% of the purchase price), which is shared equally between seller and buyer

Real Estate Agent Commission (approximately 5% to 6%)

Attorneys Fees (approximately 3% of purchase price, or as negotiated)

I hope, you found all this information helpful or useful. Thank you very much for reading my Article. Please feel free to Subscribe to my YouTube change and click on the “bell” to get all my future uploads. If you have any follow-up questions or concerns, please feel free to contact me. I can be reached via the comments section below, LinkedIn direct message, email at paulasellsjamaica@gmail.com or whatsapp at 1-876-862-5848 or my YouTube Channel Comments section. Please feel free to send me a LinkedIn Invitation to connect & join my network. Please also visit my website www.paulasellsjamaica.com

Paula Roper Bacchas is a Realtor Associate at Irie Homes Realty Company Ltd. You can contact me at 1-876-862-5848, Send me an Invitation to Connect on LinkedIn, Like my Facebook Page:https://www.facebook.com/PaulaSellsRealEstate/?ref=hl or visit my website atwww.paulasellsjamaica.com or email at paulasellsjamaica@gmail.com

Do you want to: Buy, Sell, Rent, Lease-Residential or Commercial Real Estate in Jamaica? If so, please feel free to contact me today!

Paula Roper Bacchas, CIPS

Paula Roper Bacchas, CIPS

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Real Estate Investing financing – Why You Should Avoid Timeshares and Vacation Homes

Many smart people have lost lots of money trying to invest in real estate through timeshare condominiums and vacation homes. Many people are attracted by these so-called investments because they want to have a place to go during vacation, and it seems that these properties would also end up being good investments at the same time.

The way a timeshare works is that you’re purchasing a partial ownership in a condominium, such as the right to use the condo for one week out of the year. Let us say you pay about $6000 for this privilege. This may seem like a bargain, but if you do the math you will realize that you are paying quite a bit for the opportunity to spend only a single week in this condominium. If you were to pay this weekly amount for an entire year, the condominium would end up costing you $312,000, even though you could purchase a similar condo free and clear for much less than this (let’s say maybe $150,000 or $200,000).

You are paying a pretty big markup, and you will also be responsible for certain annual operating fees, usually a few hundred dollars or so. Instead of purchasing a timeshare, you may want to consider renting someone else’s unit for a week whenever you go on vacation.

This will likely be much cheaper, and you will be able to take a vacation in a different part of the country each year. You also don’t have to worry about the annual maintenance fees or the hassle of having to deal with any ownership requirements.

If you can afford to purchase a condominium out right, or if you can see yourself saving enough to purchase over the next few years, you may want to consider this option as well.

What about vacation homes? Well, if you’re wealthy enough to afford multiple properties throughout the country, that’s fine. However, many families who purchase vacation homes really can’t afford the extra expense and are simply making the purchase because they think it’s a good investment.

It’s nice to have a vacation home to go to a few weeks out of the year, but you have to look at your financial situation and determine whether you can really afford to have this luxury.

You may need to rent out the property for most of the year in order to help you pay for it, and this could raise some additional headaches as you will now become a landlord. Also, if you are purchasing the property as a vacation home primarily, make sure you enjoy the area as you’ll probably be spending a lot of vacations here in the future!

 

Be honest with yourself about your motivations. The vacation home could be a wonderful property for you and your family to enjoy, but it may not have the best potential as an investment property.

Source: Business Finance World – By Robert Charlson

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How to Sell Your Property in Jamaica?

How to Sell Your Property in Jamaica?

Selling a property in Jamaica, can be a scary process, if you do not have the right Real Estate Professional by your side. Thank God, I am here to assist you!

When selling real estate, every owner wants the same thing – the best possible price with the least amount of hassle and aggravation. Doing business in today’s real estate world requires experience and training in such fields as: real estate marketing, financing, negotiation and closing – all of which I possess.

HOW DOES THE SALE PROCESS WORK?

  • All you need to do is pick up the phone and give me a call at 1-876-862-5848. I can also be contacted via whatsapp, text messaging, email atp.roper@century21jm.com My website at www.paulasellsjamaica My Facebook Business Page https://www.facebook.com/PaulaSellsRealEstate/ After which, I will schedule an appointment with you, at your earliest convenience, to view your property. After I have viewed your property, I will go back to my office and research your property and present you with a Comparative Market Analysis (CMA). A CMA in the simplest of terms, is a valuation which a Professional Real Estate Agent does, which gives you a suggested price, at which to list your property for sale, by comparing your property with all the properties which have sold in recent time and which are currently on the market for sale in your area. After I present you with your CMA, I will also present you with my customized Marketing Plan for your property. This is my guideline on how, I will get your property sold, for the most amount of money, in the shortest possible time.
  • Your Marketing Plan may include, but is not limited to: newspaper advertising, magazine advertising, web-listing, social media advertising, signage, open houses, networking with other Sales Associates or real estate companies and other appropriate marketing strategies.
  • We will agree on a listing price, that will ensure that your property is competitive with others for sale in your surrounding area.
  • We will discuss the Listing Agreement and the length of the Agreement. Then we will sign to what we have agreed upon.
  • The house will need to be in “show” condition before being placed on the market, so we will also discuss what will need to be done, if anything, before your property goes up on the Multiple Listing System (MLS), where it will be syndicated to thousands of websites across the world. Our goal is to make your home as attractive as possible to prospective purchasers, which will shorten the time it will be on the market and increase the chances of us getting top dollar for your property.
  • After your house is placed on the market and we have done numerous showings to prospective purchasers and obtained an Offer to Purchase from an interested buyer. I will explain the Offers details to you and help you to negotiate the best possible price we will be able to get for your property.
  • After we have agreed on a Sales Price with the Purchasers, I will turn over all documentation to your Attorney, who will prepare a “Sales Agreement” for both you and the buyer to sign. The buyer will be required to pay a minimum deposit of 10% of the purchase price upon signing this agreement.
  • Both attorneys then begin the process of transferring the title, this includes the payment of stamp duties and transfer taxes
  • The balance of the purchasing price is due upon the closing of the sale

HOW LONG DOES IT TAKE TO SELL A PROPERTY?

  • If the buyer’s purchase is financed by a mortgage from a Jamaican financial institution, the average time to complete the sale is approximately 120 Days or 4 months from the signing of the Sales Agreement. However, please bear in mind, this is not always the case. This time frame may be extended because of situations beyond anyone’s control.
  • The period of closing for a cash purchase is determined by the buyer and the seller. However, this can be as quickly as 30-45 days depending.

WHAT ARE THE COSTS ASSOCIATED WITH SELLING A PROPERTY?

  • Government transfer taxes & registration fees (5% and 0.5% respectively of the selling price)
  • Government stamp duty (4% of the purchase price), which is shared equally between seller and buyer
  • Real Estate Sales Commission (approximately 5% to 7%)
  • Attorneys fees (approximately 3% of purchase price, or as negotiated)

I hope you found this information useful/helpful. If you have any follow-up questions or concerns, please feel free to contact me. I can be reached via the comments section below, LinkedIn direct message, email at p.roper@century21jm.com or whatsapp at 1-876-862-5848. Please feel free to send me a LinkedIn Invitation to connect & join my network.

Source: Paula Roper Bacchas is a Realtor Associate at Century 21 Heave-Ho Properties. Located at 31 Upper Waterloo Road, Suite 10, Kingston 10, Jamaica West Indies . You can contact me at 1-876-862-5848, Send me an Invitation to Connect on LinkedIn, Like my Facebook Page: https://www.facebook.com/PaulaSellsRealEstate/?ref=hl or visit my website at www.paulasellsjamaica.com or email at p.roper@century21jm.com

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How to Move to Barbados

how to move to barbados

Yes, it’s possible to move to the Caribbean, whether you want to add a second home or turn your Caribbean beach dream into a reality. Now, moving to the Caribbean means different things for different people and different price points — and that’s why we write our How to Move series, answering common questions about making the move. To help you think about it, we talked to Jason Applewhite, Operations Manager for Barbados’ One Caribbean Estates real estate brokerage to learn more.

Why should I move to Barbados?

Apart from the obvious appeal of the beautiful beaches, high average of 300+ days of sunshine a year and the natural appeal of the destination, Barbados enjoys a positive image in the global marketplace as a sound International Business Centre and has been effectively attracting Foreign Direct Investment for decades. Some of the main factors which have contributed to investors choosing this destination are:

¬ Attractive Fiscal environment/social stability
¬ Ease of access to housing market (no entry taxes and landholding license requirements)
¬ High Quality Construction
¬ Well developed and established amenities and amenitized world-class developments including Golf, Polo & Marina (Yachting/Sailing)
¬ Persons who invest in excess of US$2 Million automatically qualify to apply for a SERP (Special Entry and Residency Permit) towards obtaining residency status in Barbados

Companies looking to thrive in a highly competitive global marketplace invest in Barbados to capitalize on the business-friendly environment, strong human capital, high-quality infrastructure, tax advantages, investment protection, and overall good quality of life.

barbados 2

And can I live there? What are the residency laws, etc.?

As mentioned before, Barbados is a highly hospitable destination with strong human capital, high-quality infrastructure and an overall good quality of life. Persons who wish to take up permanent residence in Barbados must provide tangible evidence that they are not likely to become a charge on the nation. Applications should be made to the Immigration Department.

What are the advantages of living permanently vs. part time?

This is a rather broad question…and the specifics are varied. The United Nations Human Development Index ranks Barbados 57th and apart from the hospitality of the people the overall standard of living is high. To reiterate… the island has an excellent education system, a good healthcare system, affordable housing, sound telecommunications and all utilities available island-wide. So ultimately I’d have to say that there is less of an opportunity for one to benefit from these ‘perks’ if they are domiciled here rather than to miss out on them.

barbados wind

How much does the average home cost? 

This is a very broad question but across the different sectors of the real estate market the following are price ranges which outline/distinguish the distinctions between your ‘average home’ and a ‘luxury home’. The average home as we would perhaps define it falls into the Middle Income bracket as it relates to pricing. The pricing is set out according to the different sectors/sub-sectors:

Low – Middle Income (Modest Housing) US$75,000 – $275,000
Middle – High Income (Up-Market Housing) US$300,000 – $750,000
High-End – Luxury Market (Luxury Housing) US$800,000 – $1,000,000+

How much does a beachfront condo cost?

The ‘average’ cost is relative to the following factors or characteristics which include: configuration and size, and for the ‘typical’ beachfront condo this would be a 2-3 bedroom unit and relative to what the current available inventory on the market is and the size and price are as follows:

Size: 1,600 – 2,200 sq. ft.
No. of Bedrooms: 2-3
Price: US$850,000 – $1,600,000

How much does it cost to build a home?

Building cost for the ‘average’ home with basic finishes can be low as US$75 per sq. ft. going up to US$150. Anything above this price range ventures into the higher-end & luxury segment of the market.

barbados bay

What are the real estate taxes like?

Real Estate taxes are calculated on a tiered basis and this responsibility overseen by the Barbados Revenue Authority. The land tax year runs from April to March. Rates vary between nil and 0.75 percent of the value of the property, depending on the value, with a maximum land tax payable of BDS $60,000. The seller will have prepaid the land taxes before completion and a buyer will be responsible for the months between completion and March of the following year.

What are income taxes like?
Income Tax is levied on: The profits of a trade or business earned by an individual in a fiscal year; and the income earned by any other individual in a calendar year. Income Tax is levied on the income of persons resident or non-resident in Barbados. There is no tax on capital. The system of taxation is based on self-assessment

Liability for Income Tax

Resident
A Resident is a corporation managed and controlled in Barbados; or a non-national individual who is present in Barbados for more than 182 days in a calendar year. A resident corporation is subject to tax on its world income. A resident and domicile individual is subject to tax on his world income. The resident but not domiciled individual is subject to tax on his income derived in Barbados and on his income from foreign sources remitted to Barbados, or from which a benefit is derived in Barbados.
Non-resident
A Non-resident is a corporation whose place of management and control is outside Barbados; or a non-national individual who is present in Barbados for less than 183 days in a calendar year. A non-resident is subject to tax only on income derived in Barbados.

calimbo, barbados

Can I work in Barbados?

All non-nationals desirous of working in Barbados are required to register with immigration prior to commencing employment. The employer or ‘sponsor’ has the responsibility to make the application on behalf of the employee. The application fee is $300.00 BDS but the final fee will vary dependent on the category of work and the length of time requested and in accordance with the international standard code fee regulations.

What’s health care like?

Compared to most developing and developed countries around the world and particularly in the Caribbean, it is good.

Can I bring my car? What’s the duty?

Yes you can, the costs vary depending on where you are coming from and the value of the vehicle.

Source: CaribbeanJournal.com – February 19th, 2016 | 11:09 am 

For more information on moving to Barbados or any other Caribbean island, contact the Ray C. McMillan Mortgage Team or visit www.RayMcMillan.com

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