Let's help you find the perfect property
At 1 OAK, we understand that buying or selling property in the Bahamas can be a complex process. That's why we've assembled a team of experienced agents who have a track record of success in helping our clients achieve their real estate goals quickly and efficiently.
Our customer-first business model means that our compensation is directly tied to the results we achieve for our clients, and we're committed to providing the highest level of service to each and every one of our clients. Whether you're looking to buy a new home, sell an existing property, or invest in a vacation rental, we're here to help. Contact us today to learn more about how we can assist you in reaching your real estate goals.
If you are ready to start your journey here are a couple links you may find helpful
To find out how much your qualified for.
Find the right property for you.
Get step by step help on your real estate journey.
Frequently Asked Questions
In a normal transaction the seller will pay half the associated VAT, and their legal fees. Since 2022 the VAT associated with a purchaser is on a sliding scale as follows;
0 - 100k - 2%
100k - 300k - 4%
300k - 500k - 6%
500k - 700k - 8%
700k - $1M - 9%
1M+ - 10%
Each party will need legal representation which will cost approximately 2.5% to protect your interest and produce the relevant documents for you to dispose of your real estate.
When selling real estate, an agent can help you navigate the process and maximize your financial return. They have expertise in pricing, marketing, and negotiating, and can handle the legal and administrative aspects of the sale. Using an agent can help ensure a smoother transaction and a quicker sale at a better price.
In most segments of Bahamas Real Estate we are currently in a seller’s market, driven by the high demand and low supply. This often results in you getting prices closer to appraised value, bidding wars and short periods on market. This is contingent on pricing and other market conditions and can vary from property to property.
Our team will use a variety of strategies to make sure your property gets the most exposure possible. Some of the methods that might be used to market your property include:
- Listing your property on The Bahamas MLS and over 50 local and international real estate websites.
- Advertising your property in local newspapers and magazines.
- Hosting open houses and broker tours to allow potential buyers to view the property.
- Utilizing professional photography and videography to showcase the property.
- Creating a property brochure or flyer.
- Utilizing social media platforms to promote your property.
Your agent will also be able to provide you with updates on the marketing efforts and potential buyers’ interest and feedback of your property.
Want us to contact you?
Getting the right help and building the right team to help you in real estate is essential to your real estate success, our team is ready to help.