Choosing a real estate agent can be as important as choosing a doctor or lawyer. When it comes to your property, you want someone who is not only skilled and knowledgeable but also trustworthy.
Unfortunately, choosing real estate companies in the Cayman Islands isn’t as simple as it sounds. So, to make it easy, here are some pointers to guide you in choosing the right real estate agency when you’re ready to buy property in the Cayman Islands.
The Cayman Islands Real Estate Brokers Association (CIREBA) is the main regulatory body in the Cayman Islands’ real estate industry, existing for the benefit of buyers, sellers, and realtors.
A CIREBA certified company follows a strict code of ethics and has members who went through training and testing by the organization to demonstrate their awareness of the real estate law, contract law, as well as their duties as agents.
The laws, regulations, and procedures governing real estate are complicated. So you want a company with real estate agents who are well-versed in the ethical and legal aspects of purchasing and selling real estate.
So look for a CIREBA-certified real estate company, because with a CIREBA-certified agency, you know you are only dealing with qualified professionals acknowledged by the industry’s regulatory organization.
Real Estate Experts
With everything you desire in a home firmly in the back of your mind, you’ll probably feel relatively at ease looking at houses.
However, aside from being alert for issues that may not occur to you, such as, leaks, roofing issues, and mold and insect infestations, an expert real estate agent, well versed in the local Cayman property market, will be able to interpret strata regulations and bylaws, understand the financial requirements for purchasing a property in Cayman, and explain them all to you so you know what you’re getting into.
When it comes to reviewing and analyzing the various documents, including stamp duty tax rules and exemptions, and financial documents involved in a real estate transaction, you may be out of your element, and you need an expert on your side looking out for your best interests.
So look for an experienced and knowledgeable real estate agent who can help you with your purchase and all the documentation involved.
Your agent should be able to give you accurate and up-to-date information about locations, utilities, the rental market, zoning, and schools, among other things.
They should have objective data on each property that you’re eyeing and that should be provided to you so you can make an informed decision.
So when you’re talking to prospective real estate companies, beware of those who only have positive things to say about every listing and who seem to be interested only in making a sale.
Look for real estate agents who are familiar with the best lawyers, bankers, surveyors, appraisers, home inspectors, contractors, structural engineers, handymen, and property managers in the industry.
These agents know who closes deals and who doesn’t, who’s the most expensive and who’s the cheapest, and who can meet deadlines and who can’t.
Crighton Properties Ltd.
If you want experienced real estate companies in the Cayman Islands, check out Crighton Properties Ltd. They have more than 30 years of experience in the industry and know the local market like no other. Contact them today.