If you are thinking of buying or selling a home in the Bahamas, you should consider hiring a Bahamas appraiser to do the work. This professional has years of experience in the industry and can provide you with unbiased advice on properties. A licensed Bahamas appraiser will be able to tell you what a property is worth, whether it is a home or an investment property.
A Bahamas appraiser will also be familiar with the local market. They are fully aware of sales and rental trends in the residential and commercial markets. They are also familiar with recent construction and infrastructure costs. They are experienced in the valuation of all types of real estate, including condominiums, apartments, single family homes, and more.
While the government of The Bahamas has not officially issued a statement regarding the role of the Bahamas appraiser, the country’s leading real estate experts have urged the government to rethink its approach. The government must now make it clear that unauthorized Bahamas appraisers should face severe penalties and possibly even jail time.
The Government has responded with a counter-argument. While Tyler Technologies confirmed that they provide appraisal services to the government, they said they were delighted to do so. They cited the importance of property valuation for fair taxation. However, the Government countered with the argument that the chief valuation officer’s powers were unrelated to the Real Estate (Brokers and Salesmen’s Act) of 1995.
An appraiser’s fees depend on several factors, including the legal fees charged. Most of these fees are fixed at 2.5% of the consideration, though these fees can increase or decrease depending on the circumstances of the case. The fees can also vary if unforeseen encumbrances are found on the title.
The process to appeal a real estate tax bill requires an independent valuation of the property in question. After an independent appraisal, a person can then apply for an appeal. However, this process can be lengthy, and it is best to seek professional help from a licensed Bahamas appraiser. A Bahamas appraiser can also appeal tax assessments made by the government.
A licensed Bahamas appraiser can assist in purchasing a home. This professional can also provide advice on the value of the property. They can help you avoid mistakes and make the process more efficient. If you want to get the most value for your money, hiring a professional is a good idea. Lorraine Thompson works in Spanish Wells and the nearby Islands and knows the market well.
bahamas appraisers Lorraine’s mother’s side of the family dates back to the Eleutheran Adventurers who were the first Europeans to settle in the Bahamas. Lorraine’s great uncle has preserved the family tree for her, and it contains traditional Bahamian surnames like Lowe, Kelly, Roberts, and Pinder.