Expert Advice When You Need It Most
Posted almost 3 years ago. 3 helpful votes, 1 comment
1
Before You BuyBe aware that The Bahamas does not have mandatory title registration and that many property titles are clouded or defective or simply non existent. You will absolutely need your own attorney, do not agree to joint representation. Time shares are often not deeded at all and are not considered real property. Condos will have fees, be sure you know what they are. The Bahamas are subject to hurricanes, find out who pays the insurance. 2
At the Point of SaleIn The Bahamas, it is caveat emptor - let the buyer beware. Before agreeing to purchase, be sure to have the property thoroughly inspected for structural defects and other problems. Do not rely on the seller's representations. While you could sue the seller later, The Bahamas court system is slow and cumbersome for foreigners. 3
After the Sales ContractGet your attorney - he or she will handle the conveyancing (the English system for property transactions). They will do a title search and get you registered with the government and other requirements. They will also understake to provide you a registered (recorded) deed or indenture of title. 4
ConclusionIf all goes well, you will own property in The Bahamas, a low tax haven and tropical paradise just a short flight or boat ride from Florida. Additional ResourcesRelated Questions1 Attorney answers: 
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