A foreign appraiser is working illegally in The Bahamas. This is extremely frustrating and insulting to the Bahamas and to Bahamians. The fact is, these appraisers are not licensed in The Bahamas, but they may have come into the country as vacationers. Regardless of who is doing the work, it is vital to know the qualifications of a Bahamas appraiser.
Licensed Bahamas appraisers have extensive experience in real estate appraisal. Licensed appraisers are members of the Bahamas Real Estate Association and the National Association of Realtors. These professionals have completed appraisals for banks, lending institutions, and government departments. They are also experienced in selling property in most islands. Some Bahamas appraisers have specialized training to meet the requirements of their clients.
Mike Lightbourn has been in the real estate business since 1966. He holds a Bachelor of Science degree from the Georgia Institute of Technology, and an Associate of Arts degree from the University of Oregon. He has a varied background in finance and the legal profession, and has served as a board member of the Bahamas Real Estate Association and chairman of its appraiser’s committee.
A Bahamas appraiser has the ability to evaluate the market value of real estate, and can also be a valuable asset in the transaction process. They are required to be licensed, and must follow all the guidelines set by the government of The Bahamas. If they are operating illegally, they should be fined or jailed. The Bahamas Real Estate Association will fight to amend the real estate legislation to make it harder for unlicensed appraisers to work in The Bahamas.
Choosing a Bahamas appraiser is an important decision for the buyer or seller. The right appraiser will ensure that the buyer gets the best deal and pays a fair price. Berkshire Hathaway HomeServices Bahamas has experienced appraisers who will work with you to assess the value of your property.
If you are looking to buy a piece of land in The Bahamas, make sure to check the sale contract carefully. Most sales agreements will include a map of the subject property. These maps provide detailed measurements of the boundaries of the property. They will also provide the exact location of the property in The Bahamas. Some land purchases may be divided into smaller parcels. Another option is to combine adjacent lots to create a larger property. In either case, a Surveyor is required to draw up a map of the property.
bahamas appraisers In Spanish Wells, you can find a licensed Bahamas appraiser in Mary Ann McLaughlin. She is a licensed real estate broker and member of the Bahamas Real Estate Association. She will be able to help you find the best fit for your needs and budget.