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Havagayle Ellis Agent Photo
Havagayle
Ellis
C. (649) 332-7308
 P. (649) 941-4105
 Phone Havagayle Tcihomesinparadise.com
Grace Bay Realty
 F104 Regent Village,
 Grace Bay

Residential
Palm Tree Plaza & Residences Bed: 2 Bath: 2 Price: $795,000 Pending

Palm Tree Residences Welcome to Palm Tree Plaza and Residences: A Live, Work & Play community. This is a visionary development crafted for owners. With a collection of eight commercial condo units and nineteen residential condos, this exceptional community offers a blend of luxury, convenience, and a sense of belonging. Featuring a range of outstanding amenities, including a pickleball court, pool, fitness ce...

REAL ESTATE BUYING PROCESS
TURKS & CAICOS ISLANDS
✓ Come visit with Homes in Paradise by Grace Bay Realty. We are located in Regent Village on
Regent Street to discuss your investment and lifestyle requirements with our team.
✓ Discuss what money can buy here to start the process of determining good value.
✓ Determine what properties fit within the price range of this first investment.
✓ Make a short list of whatever suits your needs best and view each.
✓ List all the pros and cons of each property to help determine the best value for you and your
    investment and lifestyle requirements.
✓ Make an offer on what you feel is a fair market price for the best property.
✓ Once you have received acceptance on your offer, meet with a local attorney to discuss different
    ways to hold property. If you will not be making an offer until after you leave, still meet with a local
    attorney before you leave, as that is the person to whom you will be sending your money.
✓ Once your offer has been accepted, you will be paying a 10% earnest deposit to your attorney by
    wire transfer once you return home. You may also pay 10% of that as a reservation deposit to hold
the property right away.
✓ Once the deposit is with your attorney, the seller's attorney will prepare a formal Sale & Purchase
    Agreement that both you and the seller will sign. At this point the deposit is given to the Seller's
    attorney to hold. The balance of funds are transferred to the island and are placed in escrow until the
    completion date.
✓ On the completion date, your attorney gives the Seller's attorney the balance of funds in exchange
    for a transfer form signed by the Seller transferring the property to you.
✓ The Seller’s attorney holds the funds until your attorney registers the transfer form with the Land
    Registry, showing you as the new owner. Because of the type of Land Registry system here in the
    Turks & Caicos Islands, the government guarantees title, so no title insurance is required.
✓ The Seller normally pays the commission & each party pays their own legal fees.
✓ Within 30 days of buying your piece of paradise, your attorney will pay the required stamp duty
    on your real estate investment less any chattels (furniture & appliances).

REAL ESTATE SELLING PROCESS
TURKS & CAICOS ISLANDS
✓ Choose a TCREA real estate professional that you feel comfort with.
✓ Remember that first impressions count when buyers are viewing the property. Always make sure that the
    property is presentable – put excess things in storage containers and tidy up any clutter.
✓ You may want to make some touchups on the property, such as painting or extra landscaping, as buyers will
   notice jobs that they will have to do if they buy the house. If it is land that you are selling, keep it clean,
   accessible and perhaps fenced.
✓ Advertise in newspapers and magazines to increase the selling potential. Also, have a For Sale sign in a
    visible place on the property to grab the attention of potential buyers ‘looking around’.
✓ Talk to your bank about an appraisal to assess the listing price. Your listing agent will then be able to
   establish the lowest price you can comfortably take for your property.
✓ Ensure that the property is vacant during showings so the potential buyer can be at ease in looking without
    feeling watched or hassled. Also, this will give them the opportunity to ask questions of the real estate agent
    freely. Keep pets outside or in a separate room to prevent them from becoming a distraction to the viewers.
✓ Interested buyers complete and sign an “Offer to Purchase” outlining the offer price and terms, including the
    closing date. Once an offered has been received for your property, review it carefully. You may wish to
    counter offer if the original offer is not acceptable to you.
✓ After you have agreed on and accepted an offer, your attorney will prepare a Sales Agreement to be signed
    by both you and the buyer. The Sales Agreement will incorporate the terms of the offer. At this point, the
    buyer will pay a 10% deposit on the agreed purchase price.
✓ On the closing date specified in the Sales Agreement ownership of your property is legally transferred to the
    buyer. At this point you will be required to give over any necessary documentation regarding the property.
    The balance of the purchase price is due upon the closing of the sale.
✓ The costs of selling a property are: Real Estate Sales Commission (approximately 6% on residential and
    Commercial property and 10% on vacant land). Attorney fees (approximately 1-2% of purchase price)y the
    required stamp duty on your real estate investment less any chattels (furniture & appliances).

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