Why should I use a real estate agent?
We highly suggest using a qualified real estate agent in the country in which you are purchasing.
Real Estate agents act on your behalf by providing you with advice and guidance and a valuable service – helping you buy or sell a home. While it is true they get paid for what they do, so do other professions that provide advice, guidance, and have a service to sell –such as Certified Public Accountants and Attorneys.
The Internet has opened up a world of information that wasn’t previously available to home buyers and seller. The data on listings available for sale is almost current – but not quite. There are times when you need the most current information about what has sold or is for sale, and the only way to get that is with an agent.
How does Ushombi help real estate agents around the Caribbean?
We offer agents a new and growing Caribbean-wide listing platform in which they can list their properties and use as another resource for sales.
In this ever evolving world Ushombi aims to be the top real estate platform in the Caribbean.
What is Ushombi?
Ushombi is the first Caribbean wide real estate listing site which offers properties all over the Caribbean and not just properties offer by one franchise. Ushombi offers something no other site does, the ability for agents all over the Caribbean to list their properties on a new, innovative and growing platform that allows people all over the world to access their properties at their fingertips.
What fees are involved with buying property overseas?
This depends on the country and what the government has stipulated. For example, some countries have a stamp duty tax of 10% or more but don’t have capital gains tax. Other countries have instituted a tier system with the stamp duty taxes where a property below $250,000 USD has a 6.5% but a property that ranges from $250,000 USD to $500,000 USD has an 8% stamp duty tax attached. We highly suggest you speak with a real estate lawyer in the country you choose to purchase in before making any final decisions, your agents should be able to recommend a few different lawyers for you.
Are foreigners able to secure loans to buy property overseas ?
This also depends on the country and their regulations as it pertains to foreigners purchasing real estate. Speak to your real estate agent to see if you are able to secure a loan from a local bank or not. Depending on the country you may have to start a corporation or trust to acquire the property. Also speak to a lawyer in the country you decide to purchase in and ask about any hidden fees, bank fees, annual fees, renewal fees, etc.
How do I list my property on Ushombi ?
You can easily create an account on Ushombi and list your property for sale. Look for the green “Submit” button on the main page at the top right. If you have any questions feel free to drop us an email here.