An exclusive guide to investing in the Cayman Islands - a most coveted relocation and investment destination in the Caribbean, largely due to its gleaming beaches and large finance and tourism industries. #Blog coming soon! Britaney Thompson https://urltr.ee/britaney

5. 1DEFINE
YOUR GOALS
Permanent residence, investment
property, or second home?
Remain conscious of resale
investment potential
Understand you local market
and its influences

7. 2RESEARCH
YOUR OPTIONS
Review your current
financial situation to understand
what you can afford
Determine your ideal location
Define the type of home you
prefer
Analyze the reality of
your expectations

8. DESIRABLE LOCATIONS:
Are solid, long-term investments
See above average price increases
in strong housing markets
Retain their value better in weaker
housing markets
L O C A T I O N
- the importance of -

21. T Y P I C A L C O N D I T I O N S T O
I N C L U D E
FINANCIAL TERMS
TITLE SEARCH
CLOSING DATE
HOME INSPECTION
Mortgage approved
Purchaser pays stamp duty,
generally 7.5%
Full access and inspection byy a certified
inspector
Thoroughly investigate electrical, water,
heating, roofing, pest
Costs paid by seller for any repairs over a
specific amount
Certain repairs to be completed and
approved before purchase
Typically dated to give you and the seller the
time required to complete the purchase
transaction
Related to the sale of a present property or
remaining term of a lease
Subject to seller's flexibility to move
Ensure the Property Title is in the name of the
seller/seller's trust
Free from any claims against it either liens or
ownership
If there is any 'right of use' on the property

23. 9PREPARE FOR
CLOSING
Sign all legal documents including
paperwork relating to your mortgage and
transfer of ownership of the property
Pay for losing costs and down payment
Receive keys and documentation of cost,
mortgage terms, deed

24. Valuation (appraisal) fee
Mortgage fee to bank
Government fee for registering the mortgage
Homeowners' insurance
Life insurance
Attorney fee (less expensive when hired by the bank)
Structural inspection fee (optional)
Pest Inspection fee (optional)
Purchaser pays one-time stamp duty to the government of 7.5%
of the property's value.
I N S P E C T I O N
F E E S
L E G A L F E E S
S T A M P D U T Y
( N O T A X E S )
M O R T G A G E /
I N S U R A N C E
F E E S