July 2, 2011

Palmyra Luxury Jamaica Real Estate

Jamaica gives you a most rewarding aspect and a freedom to explore the Caribbean’s treasure by owning lavish property. Things to do list are unending, these includes horseback riding, swimming with the dolphins, go to the coasts, witness the Air Jamaica Jazz & Blues Festival and a lot of more. Aside from the conventional activities, try considering their real estate properties.

Palmyra, a private sanctuary boasting half a mile of pristine Jamaica coastline is to be found in the private enclave known as Rose Hall. Many things and privileges awaits once you had a piece of this luxury Jamaica real estate and to name a few, the balmy Caribbean waves splashing the fine pallid sands, the mind-blowing tropical shades of the waters and foliage, the perennial superb climate. Equipped with 26 villas and 5 condominiums with a rate of $500,000 to $3.5 million, the Palmyra is the perfect place to be considered as your second home or you can invest in that property. This includes both the Jamaican leadership and private manufacturing which is considered to be a truly renaissance place.

The Palmyra is a main element of this extraordinary restoration. It represents more than a space to settle in a simple way, offering a new whole lifestyle, Palmyra is beautifully constructed using British Colonial structural design created by Joe Androila, in which the pinnacle history in Jamaica property represents Palmyra.

To give you more details, the Palmyra depicts the fashion and aura of its Jamaican ambiance and these condominiums are for sale. Try searching it on the internet and read more about it. The views of each condo display the innate shade palette of the environment and these palettes are seen through all the interiors. This magical place can truly capture your minds and you will be enlightened by these developments.

Lavish real estate development in Jamaica or in other places has been hardly incorporated into its normal atmosphere. Try to experience Palmyra for yourself and see the impressions of the buildings that belong there, almost as if it grew organically for the soil of Jamaica and be amazed by the notable latest advancement which is a truly most magnificent Jamaican property offered. Why not try exploring Palmyra and know the place so well that you would like to come back over and over again.

Luxury properties are available at the key places in Jamaica and some is just waiting for a new owner that may be you.

April 1, 2010

Jamaica Property Purchase

As soon as an individual makes the very important commitment to make a Jamaica property purchase, it is highly recommended that they contact one of the professional realtors to discuss the requirements.

In the course of this meeting the sales agent may ask a few questions in order to evaluate your options and priorities. Let’s say, you have plans to develop a beachfront lot in Negril, they would try to ascertain if the amount you planning to spend would be sufficient to purchase based on the market value for the vacant land in that area.

It would not make sense to be searching in areas which will not fit into your spending budget, so it is important that you know exactly what to expect in advance. If the plan involves building a small boutique hotel, you could easily settle for beachfront property in Discovery Bay or Runaway Bay and build a villa which good still generate good returns.

Whenever the realtor discovers a suitable property for your development, you should prepare to make an offer, as it could easily be bought by someone else if you wait too long. The properties which are suitable for tourism development and real estate in Jamaica are usually in higher demand, especially areas like West End in Negril or Rose Hall in Montego Bay.

If the vendor accepts the offer, then you should acquire an attorney who specializes in Jamaica real estate transactions. Your attorney will review the actual sales agreement that would be prepared by the vendor’s attorney. However, before any decision is made regarding the sales agreement, your attorney should discuss the details with you beforehand. This is necessary to ascertain the closing costs, make any kind of amendments if required, sign the agreement, as well as pay the down payment.

When the process for the sales agreement is complete, the course of action in order to transfer this property title would start.
All Jamaica property purchase requires the payment of government taxes which include registration fee and stamp duty. However, this cost is shared equally between the vendor and purchaser.

The period for a real estate transaction will be different for loans and cash purchases. When you are getting a loan from one of the Jamaican mortgage company, typically the period to complete this sale will be about three months after the signing of the sales agreement. While the time for the cash purchase will vary, but could take as little as 30 days.

Now, with the launch of Title Insurance in 2008, a Jamaica real estate transaction could take considerably less time for both cash and mortgage purchases. Most persons are yet to take advantage of this service, but it will undoubtedly offer more benefits to buyers.

This means that if opt to use the title insurance for this purchase in order to start this beachfront development a month after the offer was accepted, it is highly likely that you will get the chance to do just that.

When the real estate sale is complete, the purchaser must obtain his / her keys, title, letters of possession, letter for the utility providers and also proof that payment is made in full for property taxes, water and electricity. However, if it is mortgage sale, the property title would be sent to financial institution. The possibilities to invest in the Jamaican real estate have a lot of potential, so it would be best to explore all the available options. If you cannot afford the beachfront lot near to the Palmyra Resort development in Rose Hall, then by all means look towards the town of Falmouth, as this area is expanding with a new shipping pier and more.

January 1, 2009

JNREALESTATE.NET - Jamaica Real Estate

Jamaican Real Estate and property is a multi-faceted industry. The players involved in the real estate market on the island includes appraisers, Realtors, purchasers, vendors, mortgage banks, construction companies and property developers. This blog discusses the intricacies of the Jamaica real estate market and provides that largest live real estate property search for Jamaican property on the Internet. Providing many useful resources including the real estate guide and a series of live videos that assist all players in the market.
Add to Technorati Favorites

June 26, 2008

Real estate for sale in Jamaica

The forced sale value on a Jamaican property title is the minimum recommended value that the property can be sold for, if it was used as a security and there is a default in payment to the financial institution that granted the loan.

Some institutions will require that persons who are applying for a mortgage and might be using a title that is in someone else’s name as a security. That title should have a forced sale value that is equivalent or above the amount that should be granted as the loan.

When a home owner defaults on his or her mortgage payments the lending institution will have to recover the balance owing. However that financial institution when selling that property to recover the debt has to sell it at the value that is recommended on the title.

Properties would then be sold through private treaty sale, which is a way that offers the lending agency the opportunity to recover debts from proceeds of sale. The value for the property would not be disclosed to the public and purchasers would be invited to make bids to acquire such property.

June 25, 2008

Land for sale in Jamaica

Service or standard lots are land that can be bought to construct that place where we like to call home. Although they are mere land, they have some differences that we will look on below.

Serviced lots are of an average 2000 sq ft or little more. Service lot carries amenities like sewage, pipe water and electrical ready to use and geared toward the lower income. Uses central sewage system, no need for construction of septic tank, absorption pit or tile field. These are generally found in National Housing Trust schemes, all these amenities have to be in place because of the size of these lots.

Standard lots are bigger than service lots, thus attracting some more money with a fix price. Sometimes come with houses, geared for bigger income, depending on the development. Amenities are not readily available, after purchasing lots you have to do the construction of waste water disposals.

It is important when buying lots to do your research on any property, first know how much you can afford to spend, before you can transform property to build. Ask experts in the real estate field or talk to developers who are selling the service to see what costs will be imposed if any to prepare your lot for construction. You might want to start doing work right away and it is always best to secure all avenues of any investment before you seal the deal.

June 24, 2008

Ocho Rios Jamaica real estate

Ocho Rios is situated in the lush garden parish of St. Ann is one of our tourist town in the Island of Jamaica located on the north coast.

The town of Ocho Rios is a lively blend of sun and fun, centrally located and is seen as a crossroads of places to go and see on the north coast. Like Columbus, come and discover and you will see that this is no ordinary place and provides persons with a different kind of experience. There are a number of good communities to buy real estate in Ocho Rios such as Columbus Heights, Shaw Park, Crane Ridge and other areas surrounding this town which offers good living atmosphere.

Columbus Heights in Ocho Rios gives you a chance to own private luxury hillside condos. Centrally located in a prime position where you have breathtaking view of the Caribbean Sea, cruise pier and the town of Ocho Rios and its environs.

This community offers you living in a secure environment which is intimate and private, yet affording you a short walk to the center of all the shopping, touring and nightlife that Ocho Rios has to offer. Less than a ten minutes drive to places such as Dunn’s River Falls, Fern Gully, Shaw Park Gardens, the beach and most of the major attractions that makes Ocho Rios so special.

June 23, 2008

Real estate for sale in Jamaica West Indies

A valuation report is required to ensure that the land is that which is described on the title, that none of the covenants has been breached and also determines the true market value for the property.

A valuation should be done by reputable valuators who are trained to carry out the requisite functions. They will be required to make careful personal inspection of the property and all findings, statements and opinions submitted in the report are correct to the best of their knowledge.

When selling or purchasing real estate property, it is advised to get the property appraised, based on current market trends and with property prices on the rise, it is always best to ascertain the true value so as not to overprice or under price your property.

This report is also needed if you are getting finances from a mortgage institution, before a loan is processed the financial institution normally request this document. They sometimes will have their panels of valuator that work with and request that you use one of them.

There is a standard cost involved in getting these reports done and is usually 0.3 per cent of the value of the property.