Real Estate Jamaica | Jamaica Realtor | Jamaican Properties | Homes

Palmyra Luxury Jamaica Real Estate

2011-07-02T13:18:00.000-07:00

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.

Jamaica Property Purchase

2010-04-01T05:49:00.000-07:00

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.

JNREALESTATE.NET - Jamaica Real Estate

2009-01-01T20:56:00.000-08:00

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.

Real estate for sale in Jamaica

2008-06-26T10:18:00.000-07:00

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.

Land for sale in Jamaica

2008-06-25T10:15:00.000-07:00

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.

Ocho Rios Jamaica real estate

2008-06-24T10:12:00.000-07:00

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.

Real estate for sale in Jamaica West Indies

2008-06-23T10:06:00.000-07:00

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.

Land for sale in Jamaica WI

2008-06-22T09:36:00.000-07:00

Surveyor’s identification reports make exact measurements and define the legal boundaries of the property. This provides data with the location and other features of the land and verifying that survey pegs are in place. This report should be done only by a Commissioned Land Surveyor, who can legally restore the boundaries, they have the requisite training and experience; and are qualified to provide advice where a dispute over land boundaries has already occurred and if required, provide expert testimony in court.

When purchasing property, lets say land, an assessment is done and a document is prepared that guarantees that the land is the land being described on the title, that the boundaries are in place and there are breaches in the covenant. This report is needed before entering into sale agreement, as a safeguard for the purchaser avoiding problems that will infringe on land use laws, regulations and encumbrances; the sale agreement should require that the survey marks be located prior to the sale, and that the buyer has a right to see that the boundary pegs are in place before the purchase is finalized.

A surveyor’s identification report is a cost that is borne by the purchaser and is usually 0.3 per cent of the value of the property, but is likely to be more, depending on the expenses incurred by the professionals involved, and the condition of the property.

Real Estate and Jamaica

2008-06-21T12:13:00.000-07:00

Government real estate is owned by the Commission of lands, through the Land Acquisition Act. The Commission is empowered to acquire land either by way of private treaty or compulsory acquisition. Whenever it appears that land in any locality is needed for any public purpose, a notification is published in the Gazette.

Persons whose land the government acquires is entitled to compensation and rehabilitation assistance and it applies not only to legal owners , but also occupants without title or lease who are on the property at the time that notice was given and time of the survey.

Almost all the land is owned by the Government, but the parcels that bears a title under the Commission of lands is not known, because there are no database and there is a lot of land that are crown lands. If an individual wants to acquire land and do not know who is the legal owner, they should:

Find the exact location of this land
Do the necessary research for the legal owner

If the land comes up as owned by the Commission of lands, then they should write a letter stating their claim. Another way land can be acquired is if the property is advertised by the Commission of lands, inviting bids, then one can tender a bid.

Real Estate Companies in Jamaica

2008-06-20T12:07:00.000-07:00

There are a number of real estate broker companies in Jamaica today and they offer a range of services. The top real estate broker may be based on the amount of transaction done, revenue generated from sales, information and hits on websites, popularity and feedback from satisfied customers.

The following companies are listed as the top five broker companies in Jamaica:

Coldwell Banker Jamaica Realty represents a long history in Jamaica. They offer services in residential and commercial sales and rentals and have offices in Kingston and Montego Bay.

Century 21 Heave-Ho Properties with 10 years of service in Jamaica and has offices in Kingston and Montego Bay. Offer services local and overseas in sales, rentals and leases.

Valerie Levy and Associates Limited were incorporated in 1984 with offices currently located at Constant Spring Road, Kingston 8. Offering services here in Jamaica and in the International Market Place such as residential, commercial and agricultural sales and rentals.

Sangster’s Realty has been in the business of real estate in Jamaica since 1988. Selling and renting residential, commercial and agricultural properties. Also arranges mortgage financing, property appraisal, conveyancing and survey to clients in Jamaica and overseas.

Victoria Mutual Property Services Ltd is a wholly owned subsidiary of the Victoria Mutual Building Society, one of the largest financial institutions of its kind in Jamaica. The primary activities of the company are real estate brokerage, property and project management and property appraisal/valuations.

Top 5 Jamaican Real Estate

2008-06-19T12:05:00.000-07:00

Real estate in Jamaica has managed to attract large private sector investments, which has supported the rapid expansion and transformation of its infrastructure. Over the last couple of years, there has been an influx of overseas investors developing luxurious properties on the north coast.

Properties that are in the immediate area or even neighbouring communities have started to feel the ripple effect and prices have been increasing exorbitantly. However although the prices have been increasing, Jamaica real estate offers more value than the rest of the Caribbean.

Five top communities to buy real estate in Jamaica now are the Kingston six, seven and eight areas. On the north coast you have areas such as Montego Bay, Negril and Ocho Rios.

These areas have communities that one could consider elite neighborhoods and based on what has been reflecting in the current market trends, these properties are well sort after and are normally more expensive. Names such as Jacks Hill, Cherry Gardens, Spring Farm and West End just to name a few.

However in the resort towns such as Montego Bay, Ocho Rios and Negril, you will find that not only the residential areas account for this price point. There are commercial properties such as luxury resorts and prime beachfront lots that have been seeing a lot of transformation; therefore you have this trend in prices.

St Thomas Jamaica

2008-06-18T11:59:00.000-07:00

St. Thomas is a parish situated at the south eastern end of Jamaica. Has some of the most beautiful beaches of all the Caribbean islands also has mountains which are speckled with exotic plants and greenery, providing a sight that is breath taking almost any time of the year. Buying property anywhere in the world has its pros and cons and St. Thomas is no different.

Buying property in St. Thomas is not a bad investment, you will be less than 30 minutes east of Kingston, where you have universities and is the hub of all if not most of Jamaica’s business offices. If you have employment or have to go to school in Kingston it is easier to commute. Jamaica is bustling in the real estate market now and if you are an investor at heart and like to see transformation, well this parish is a good place to do some investing. In this parish you could benefit from having commercial and residential developments. This would create jobs and housing which is well needed and you maximize on your returns.

However, persons might dissuade one from buying property in St. Thomas because it is one of the rural and poorest parishes. The workforce is primarily unskilled result in exceedingly difficult to get employment. The economy is based on crops such as sugar cane, bananas, coconuts and coffee.

Real Estate in Ocho Rios Jamaica

2008-06-17T11:47:00.000-07:00

Ocho Rios is the capital of the garden parish St. Ann, and one of the tourist towns located on the north coast. A very popular place for our tourist visitors they travel from neighboring towns to enjoy what Ocho Rios has to offer. With attractions such as famous Dunn’s River Falls and Dolphin Cove. However as with living anywhere in the world, this town also has its advantages or disadvantages and will reflect on the development of that area.

The advantages of purchasing property in Ocho Rios are:

Investing in resort properties that can give some formidable returns, you have overseas coming in directly through the towns cruise ship terminals.

The commercial zone is on the increase and has room for growth.

Demand for housing, you will have persons migrating from rural areas for jobs such as what is offered at major hotels in this town and returning locals or overseas investors wanting to buy a second home.

Disadvantages are:

You will pay more for good, cheap accommodation and often time goods and services are very expensive, due to fact that this is a tourist town.

Pollution and overcrowding also would be factor

This beautiful town does not have proper drainage system in place and is prone to flooding

Not to be daunted though, if you do your research to see where you could achieve good solid return, one cannot lose if property is purchased in this area.

Mandeville Jamaica Real Estate

2008-06-16T08:28:00.000-07:00

Mandeville is in central Jamaica and is the capital of Manchester. Buying a property in any area, you would have already done your research and know how you would want to invest. Buying property in Mandeville has its advantages and disadvantages:

Here are some advantages:

A cool an almost temperate climate where average temperatures tend to be a few degrees cooler than other towns.

A significant economic activity in the commercial sector, which is foreseen for real growth.
Offers high level education from its universities.
A demand for housing solutions from both rural migration and returning residents.
The cleanest, most attractive and best run towns in Jamaica.

Disadvantages:

This town does not have any resort properties, so persons loving the beach may prefer to live or invest in other areas.
A significant amount of land in Mandeville is constrained by bauxite leases or steep slopes.
Not many tourist travelers.
Lack of shipping pier.

Buying property in this area is not a bad investment and the construction of highway 2000 has significantly reduced travel time between Kingston and Mandeville. Thus, making this area more attractive and has increased the demand for housing solutions in this area.

Real Estate in St. Thomas Jamaica

2008-06-15T08:21:00.000-07:00

St. Thomas parish is situated at the south eastern end of Jamaica and in the county of surrey. St Thomas has the unique distinction of having it all under one roof, having a great choice of activities no matter what your flavor and has some of the most beautiful beaches of all the Caribbean islands. White sandy beaches that allow you to quietly soak up the sun as you let all the tension leave your body.

Residents of St Thomas are just about as laid back as you can get, which further adds to the overall atmosphere of relaxation. This beautiful parish however has its disadvantages, significantly a parish rural in nature and if you are thinking of buying property here you will have some setbacks due to lack of infrastructures such as:

The closure of many factories which results in unemployment of persons, you even have some professionals who cannot find employment.

The bridge commonly called the Yallahs fording which has forces everyone using that section of the parish to use the river bed, has not been replaced after its destruction over three years ago. This is a major way of traveling to Kingston.Lack of economic activities such as, bad road network, poor transportation, the lack of piped water, poor condition of market and the eroding of the coastline which needs safeguarding.

This is the least recognized in productivity and widely referred to as the most backward of all the 14 parishes.

Jamaica Land For Sale

2008-06-14T07:30:00.000-07:00

Selling your real estate property whether it be land or house, there are transactions costs that are attached to the vendors. These costs include transfer tax, stamp duty, attorney’s fee, registration fee and possible commission fee.

Transfer Taxes are paid on a range of legal and commercial documents and in respect of transactions involving the transfer of real property and shares. Currently charged at 6%

Stamp duty is equally shared between the buyer and the seller and is a percentage of 4.5%. Documents are stamped as proof and to make them legal and binding under the law.Registration fee is payable at the National Land Agency. The buyer and the seller each pay 0.25% of the purchase price.

Attorneys fee the seller pays 3% to 3.5% of the purchase price plus 16.5% GCT.

Sale commission is fee is only applicable if the vendor acquires the services of Licensed Real Estate Agent to help find suitable and qualified buyers. Usually 5% but could more or less based on the type of property and whatever the agreement between both parties.

These costs may not be mandatory because, some vendors may enter into some form of an agreement with the purchaser and shared transaction costs may take place.

Kingston Jamaica Real Estate

2008-06-13T07:27:00.000-07:00

Kingston is the capital of Jamaica, known as the heartbeat of the English speaking Caribbean islands. It is not a resort area similar to the north coast and is built around travel for the business tourist. It has become a haven for Jamaican business as in previous years the downtown area consisted of both residential and commercial properties, however in recent times has become completely over run by commercial properties.

It is corporate Jamaica, home to heads of government, headquarters for all ministries; consist of most if not all head offices for companies, universities and home of entertainment business. Commercial is where the money is, no matter what form of business, it can be done, and the time process to finalized documents move more speedily than other areas because all the corporate offices are there.

Investing in Kingston in any form will generate very good returns. This is the smallest parish but you have persons migrated to Kingston for work, schools and business. Of the entire employed population the city is home to at least 40%, creating a constant demand for housing.

Residential housing, commercial, entertainment, whichever you choose there is always a steady income to achieve. Rental is booming in Kingston area, and can be a solid and secure investment.

Land For Sale in Portland Jamaica

2008-06-12T07:23:00.000-07:00

Portland is a well preserved tropical paradise with lush green vegetation, mountains to beautiful beaches tucked in picturesque coves. This area has rivers, waterfalls, hidden coves and best but least crowded beaches in Jamaica today. This parish has many attractions which is loved by visitors and locals and therefore its advantages of wanting to live there.

Port Antonio, the capital town built on twin harbors was the primary Jamaican destination for vacationing movie stars, politicians and tycoons. Have places such as Navy islands and the glamorous Frenchman’s Cove, where one can experiences the real essence of Jamaican community and explore its beauty. Eco-tourism is bustling in this parish you can take nature trails through the Blue Mountains, rafting on the Rio Grande leisurely on a bamboo raft, refresh in the cool waters of the Somerset and Reich Falls.

Visits sites such as the famous blue lagoon, folly ruins a haunting mansion overlooking the sea, Charlestown maroon museum and maroon settlements in the home of national heroine nanny. This parish is very unique and being as Jamaica is a tropical island, with its quaint atmosphere, beautiful natural surroundings, some of the best beaches in Jamaica. Portland has always being a big hit with local and overseas visitors alike.

Jamaica Real Estate Development

2008-06-11T07:18:00.000-07:00

Real estate developments in Montego Bay have been increasing significantly over the last couple of years. Investments that ranges from residential homes to the wider commercial ventures.

One with the most impact is the construction of Palmyra Resort and Spa that is now underway at white sand beachfront property in Rose Hall, the luxuriously appointed condominiums and villas offering real value to second home buyers who wants to capture the essence of Jamaica.

Several new resorts are slated for development in Montego Bay, they are the Riu, Iberostar and the AM Resorts will begin work on Secrets resorts.

Shopping village is also in the mix, there is the new Shoppe at Rose Hall neighbouring the Palmyra Resort and the Ironshore village which is now under construction.

Residential development in the form of gated community with townhouse in the Mango Walk and Ironshore areas respectively. Also, a new development that would be in the Spring Gardens area with townhouse and residential lots.

Regular residential scheme providing homes for a number of persons in the lower end of the market, done by Gore Developments and West Indies Home Contractors in the Rose Hall area, for persons who can’t afford the high prices.

Montego Bay developments are catering to everyone needs.

Jamaica Travel Real Estate

2008-06-10T07:15:00.000-07:00

The thrill of purchasing your vacation home in paradise! Is usually one of the defining moments of a lifetime. Homeownership brings with it feelings of comfort, stability, excitement, as well the opportunity for substantial financial growth. When considering taking this emotional and financial leap it’s important to understand some of the basics of the process and potential obstacles to avoid.

Buying a piece of real estate is much different from other types of purchases, instead of owning an object like a boat, what you are really acquiring is the title to a property and the right to exclusively own, occupy and use a particular space.

Some good location for vacation properties are:

Negril with some lovely seaside properties.

Montego Bay oceanfront or cool hilly areas

St Ann the garden parish with places such as Ocho Rios, Runaway Bay, Discovery bay, and St Ann's Bay, and some more areas further east in the parish.

Portland on the South Side of Jamaica with wonderful areas, with properties that are lower valued,

Manchester is another wonderful parish is also a favorite of the English returnees, as the parish provides cool climate, such as Mandeville.

Choose any of these fabulous locations and be apart of the rapid expansion and transformation, in which Jamaica offers the number one real estate value in the Caribbean today.

Tags: Jamaica Travel Real Estate | Jamaica Real Estate | Jamaica Property Investments | Real Estate In Jamaica |

Jamaica estates real estate

2008-06-09T06:13:00.000-07:00

Residential schemes are developments with certain amount of homes that may have restrictions on how one can to do expansions.

Benefits

Having the opportunity of purchasing a new house if development is new.A little more affordable for young or lower to middle income persons who want a chance of owning their home.

If you like the feel of a big community, this would be perfect. Some schemes have their own facilities for shopping, entertainment and schools without the hassle of going in nearby town centers.
Have potential for income earner, in terms of rentals.

Disadvantages
Residential scheme may lose its value over time, because persons purchase properties and may turn them into business.
The fear that a number of the houses might be purchased by persons for income earner, properties will be rented and you might never know who will be your next neighbor.
Homeowners do additions to building, might end up with a large house and expect much from reselling than what the area is worth.
Wanting to build your home in a certain style but have to conform to building requirements in some developments. Buying a property because of this need to own a home and having no choice of the area because of the type of home that you can afford, and might not like the close proximity to neighbors.

Tags: Jamaica Estates Real Estate | Jamaica Real Estate | Jamaica Property Investments | Real Estate In Jamaica |

Jamaica Estate Real Estate

2008-06-08T08:05:00.000-07:00

A gated community is a form of residential community containing controlled entrances for pedestrians, bicycles, and automobiles, and sometimes known by a closed perimeter of walls and fences.

Gated communities can usually consist of small residential streets and include various amenities. For smaller communities this may be only a park or other common area. For larger communities, it may be possible for residents to stay within the community for most day-to-day activities. Gated communities are a type of common interest development, built by Real Estate Developers to appeal to buyers' desire for security and prestige.

Benefits of living in Jamaican gated community are:

Staffed by private security guards providing 24 hour security in some cases fortified, giving the residents a sense of security.

Mostly high value properties attracting a certain clientele

Long term investment income

Can be used as a retirement home, because of the maintenance on property.

The amenities include swimming pools, club house, parking, gym and sometimes entertainment areas.

Disadvantages are:

Limited space for gardening or back yard space

Lack of privacy

Sometimes offer a false sense of security; gated communities have no less crime than non-gated neighborhoods

Tags: Jamaica Estate Real Estate | Jamaica Real Estate | Jamaica Property Investments | Real Estate In Jamaica |

Century 21 Real Estate Jamaica

2008-06-07T07:27:00.000-07:00

Century 21 is the largest real estate company in the world and is the most recognized brand name in the industry. Century 21 Heave-Ho Properties in Jamaica is celebrating 10 years of providing real estate services to the Jamaican market. With a team of over 50 sales associates they operate from offices both in Kingston and Montego Bay. They provide services Island wide for residential, commercial and resort sectors of the market.

The Jamaican offices are listed among the top five real estate companies in Jamaica, the only member of the number 1 real estate organization in the world and market leader in property transactions. The century 21 system offers more opportunities for exposure than any other real estate sales organization in the world. With its proven reputation for excellence, they dominate the market by providing its agents with superior training and the most up-to-date technology in the industry. Century 21 Heave-Ho Properties has an extensive advertising programme through mediums such as on their informative website, some television channels on US networks and locally on cable channels, gold post yard signs, brochures, promotional items, radio shows and classified advertisement.

With trained professionals and international influence, one can be anywhere in the world and purchase or sell properties that are in Jamaica.

Tags: Century 21 Jamaica Real Estate | Jamaica Real Estate | Jamaica Property Investments | Real Estate In Jamaica |

Palmyra Montego Bay Jamaica

2008-06-06T07:03:00.000-07:00

Montego Bay is the tourist capital and situated on the north coast of the island. A prime area for investing travelers from all over the world wants to own a little piece of paradise. Developments have increased significantly and the construction of the luxurious Palmyra resort has redefined luxury real estate in Jamaica with more attractive investment possibilities.

The Palmyra Resort & Spa situated on 16 acres of pristine, white sand beachfront property at Rose Hall, Montego Bay, Jamaica. Next to the Ritz-Carlton Golf & Spa Resort, impressive golf courses of White Witch, Cinnamon Hill and Half Moon, and luxurious shopping villages. Located ten minutes drive from Montego Bay’s Sangster’s International Airport.

This is an excellent location amidst the vibrant community with hotels, homes for international celebrities; let you capture the essence of Jamaica while indulging in our tropical island setting. This development with its elegant sanctuary offers second home owners luxury living in oceanfront suites and villas with private butlers, a world class signature spa, four restaurants, two swimming pools, private beach and three golf courses.

With the success of this major development, you will have more people demanding more land around these areas to build similar properties. This demand will further push cost up significantly and translate into higher values for finished projects. This will also affect properties in other communities of Montego which will feel the ripple effect of these luxurious developments.

Tags: Palmyra Montego Bay Jamaica | Jamaica Real Estate | Jamaica Property Investments | Real Estate In Jamaica |

Real Estate Jamaica West Indies

2008-06-05T06:37:00.000-07:00

Real estate in Jamaica West Indies compared to the wider Caribbean is giving better value for money. Considered secure and has real potential growth, suitable for long and secure ventures, comparing to other form of investing.

Real estate makes sense as an investment, regardless of what the stock market is doing. When you put money down for commercial or residential property investments they are three times as likely to maintain their value or even rise when the rest of the market declines.

If you want to invest in real estate the options are numerous, it could be:

Land, what better way than investing in raw material, if you can manage to snap up parcels for reasonable price?

Commercial building, which can include office building, shopping malls, warehouse are real attractive to long term leases, plus most businesses sign up for at least five years.

Apartment or Townhouse, this is one of the most popular investments in the urban areas at this time.

Residential development, developers are creating new waves now and putting in large number of homes, it is quite attractive to rentals they are mostly in areas that are close to schools and work. It is up to you to choose the right property, estimate cash flows, and pay the right price and then you are on your way to building secure and long term wealth.

Tags: Real Estate Jamaica West Indies | Jamaica Real Estate | Jamaica Property Investments | Real Estate In Jamaica |

montego bay jamaica real estate

2008-06-05T06:26:00.000-07:00

Ironshore situated in Montego Bay, St. James, is one the elite neighborhood in this north coast area. Not primarily a beachfront property but with excellent views of the ocean. Close to major hotels, golf course and shopping village, beaches and the Sangster’s international airport. A neighborhood for medium to high income individuals with house prices in the region from 350,000 US up or 25 million Jamaica.

The type of housing in this area are villas, luxurious town houses, apartments and single dwelling house. Most of these homes have their own private pools and security and people would socialize with the same type of people regardless of whether there is a gate around their community or not. Ironshore is neighboring to Torado Heights and Spring Farm, where you find high price properties ranging from US1 million, some of these properties are owned by international celebrities. This is an excellent area to buy property, over the past years property prices have increased significantly. When you are thinking of purchasing Montego Bay real estate you should first locate the area that fits within your budget. There is also a new development taking place at Ironshore now in the form of a shopping village.

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Real Estate In Negril Jamaica

2008-06-04T06:18:00.000-07:00

Negril is one of the tourist hubs on the island and is located in the parish of Westmoreland. When doing any form of investment, you have to do your research to know how a particular venture will generate long and secure returns. Without a doubt, commercial property is the best investments in Negril, a rich and vibrant tourism area with a number of hotels, villas and oceanfront properties. Whatever commercial investment you make in this area, will guarantee you substantial returns. Some seaside and other properties in Negril have values in the US millions.

You have a steady influx of tourist coming in or residing in Negril for long period of time. Most properties can be doubled as bed and breakfast and others can be used as timeshare rentals, thus creating multiple income opportunities. Most persons will invest in commercial properties in the Negril area and expects too much on their returns because of the fact that you have more tourist than locals. This would not be wise on investor’s part, and that long term returns would not materialize as revenues would be lost. Negril has a laid back way of life, but this is been enjoyed by visitors, who may take their vacation and want to relax. There are various types of entertainment that can be enjoyed in Negril and parks similar to the recently opened water park definitely adds to it’s appeal.

Tags: Real Estate In Negril Jamaica | Jamaica Real Estate | Jamaica Property | Real Estate In Jamaica |

Montego Real Estate

2008-06-03T06:14:00.000-07:00

The commercial market in Jamaica is really active at this time and Montego Bay with its tourism factor will remain strong with more overseas investors coming to the island.

Commercial real estate is commonly regarded as being a safe long term security that generates steady returns. In terms of the growth potential for the value of your investment, the relative appreciation value is more likely to out perform most alternative types of investment.

One of the greatest boosts to the industry for 2008, commercial investing is a good venture. However, before you invest first determine what type of property, research the prices, find suitable location and acquire the necessary funds. Ascertain the returns you will need, and then invest in the property which meets your return requirements.

The prices for property in Montego Bay are being driven up due to an ever expanding commercial zone, the construction of luxury resort development and the North Coast Highway.

However, these changes and the now available properties are looking more attractive to overseas investors who are looking for good investing which will generate good solid returns.

Tags: Montego Real Estate | Jamaica Real Estate | Jamaica Property | Real Estate In Jamaica |

Jamaica Beach Real Estate

2008-06-02T06:04:00.000-07:00

Jamaica is one the most popular tourist destination in the Caribbean. Travelers come through our airport and cruise ship terminals on a regular basis.

Today, visitors come from all over the world for vacation or work and will stay for long periods of time in our hotels. They get a chance to experience Jamaica culture and enjoy the white sand beaches, whilst basking in the tropical sunshine.

Our island is surrounded by the Caribbean Sea, so finding a suitable resort property whether to live or purchase is not an impossible task. Jamaica offers some of the most amazing beaches in the world; you have beaches along the north and south coast.

One of the best places to find beach homes is in St. Ann the garden parish, fringed by postcard perfect beaches they make their own discoveries in this stimulating yet tranquil resort area with the splendid scenery of the surroundings. A very rich coastline which extends from Trelawny to St. Mary parishes, one can create their own haven.

St. Ann has points of attraction such as the resort town of Ocho Rios with its lively blend of sun and fun. This town is vibrant and diverse with numerous hotels, villas, guest houses, Dunn’s River falls and Dolphin cove, a place to frolic with the fishes.

This parish is an ideal location if any on the Island of Jamaica for a beach home.

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Real Estate in Jamaica West Indies

2008-06-01T17:06:00.000-07:00

Real estate properties, comparing to our neighboring territories in the Caribbean is rated third in terms of expensive properties.

Developments in the north coast areas are moving up tremendously, due to properties such as Palmyra in Montego Bay and Golden Eye in Oraccabessa.

Properties are normally more expensive in resort areas such as Negril, Ocho Rios and Montego Bay. Some areas of Kingston such as 6, 8 and 5 which includes Jacks Hill, Cherry Gardens and Norbook.

The most expensive real estate area though would be Montego Bay. Montego Bay is the hub of tourism on the Island of Jamaica, real estate in this area has grown in value because of the type of multiple income opportunities. In the past most properties were centered in certain areas in the surroundings of the Sangster’s International and the Hip strip, but this has change because of the eco-tourism and you will find the construction of guest houses is booming.

Most properties in Montego Bay are being bought by hotel owners, movie stars and big investors. This caused most properties to go up exorbitantly so therefore some communities near these areas have been affected; prices are almost out of the reach most locals.

Tags: Real Estate In Jamaica West Indies | Jamaica Real Estate | Jamaica Property | Real Estate In Jamaica |

Real Estate Agents In Jamaica

2008-05-31T17:01:00.000-07:00

Real estate agents have to be trained and licensed before they can practice the business of real estate. They operate according to the rules and regulations of the governing body which is real estate board.

Sales agents after finishing the necessary training must first attached themselves to a brokerage company, and then obtain a license to start doing any form of real estate transaction.

Similar to other parties involved in the selling or buying of property, real estate agents are paid for their services, a fee of 5% which will be paid by the vendor.

Each brokerage company might have their own system of splitting commissions paid on property sale but the norm is 50/50. This will differ in other circumstances where you have a co broke situation where you will have 2 companies and 2 agents sharing a commission or on referrals which attract some fee but will be based on agreements made by all parties involved.

Most persons are of the perception that real estate agents listing a property for sale or finding property for suitable purchasers reap all the rewards. Not knowing that, whatever fee is paid is not to the sales agent alone but also the broker.

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Jamaican Foreclosure

2008-05-31T07:06:00.000-07:00

This is a great offer for anyone looking to score cheap properties. You must take advantage of this offer soon and even get a gift card for signing up FREE!

Portland Jamaica Real Estate

2008-05-30T16:56:00.000-07:00

Dragon Bay is situated on Jamaica's northeast coast close to Port Antonio. The area around Port Antonio is considered to be the most tropical part of Jamaica and has outstanding natural beauty and with the spectacular backdrop of the Blue Mountains.

The closure of the Dragon Bay Hotel in this community of Portland contributed to the Government's decision not to rehabilitate the Ken Jones Aerodrome located in the parish. The Sandals group now owns the Dragon Bay property and interest has been expressed to refurbish and reopen for business, as soon as the certain infrastructure is in place.

Unemployment has now skyrocketed and for a youngster leaving school today there is hardly a chance at finding employment here in Portland. Decreasing business related to the neglect and the poor condition of Port Antonio and surrounding areas. The Dragon Bay Hotel itself would employ 500 persons if in operation.

For persons looking at real estate in this area, you have to look at the long term benefits that can be arrived at, lets say over the next 5 – 10 years as high end properties will increase. With the proposed developments that will be taking place along with the completion of the Highway 2000 from Ocho Rios to Port Antonio tourism activities will definitely get a boost in this area.

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Real Estate Brokers Jamaica

2008-05-29T16:50:00.000-07:00

Real Estate Broker is licensed to operate the business of real estate in Jamaica, also referred to as a Dealer.

They should maintain a registered office for the purpose of carrying on the practice of real estate business. Before starting real estate business however, they should obtain the requisite training and be issued with a certificate of license by the Real Estate Board. A sign bearing the name of the brokerage should be placed in a conspicuous position that can be viewed by everyone.

Real Estate Broker in Jamaica acts as an umbrella for licensed sale agents to perform the business of real estate. A sales agent should not work by themselves; they have to work with a licensed Dealer.

Brokers are required to follow the regulations of the governing body of the real estate industry which is the Real Estate Board. All of their business transactions such as advertisement for properties should have the license number along with the name of the company visible to the public.

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Real Estate in Mandeville Jamaica

2008-05-28T15:53:00.000-07:00

Mandeville has a significant demand for housing resulting from higher land and housing prices and increased urban sprawl. Mandeville, and its surroundings, is experiencing a building boom as the number one destination for returning residents. Most of the town is composed of low-density residential subdivisions with some of the more affluent communities located within easy reach of the urban core.

A cool, hilly district located in central Jamaica with an almost temperate climate where average temperatures tend to be a few degrees cooler than other towns. It is well known for its climate, the visual quality of the plateau on which it sits and its English characteristics.

Mandeville is experiencing a significant economic activity such as the increase of shopping centres, foreseeable bauxite activity, universities and ease of commuting now from Kingston. If you could construct at least 200 of the housing solutions, with the high demand for affordable houses they will be snapped up by professionals who are working in Manchester and its environs. This is one investment that can only be profitable.

Mandeville gained the reputation as one of the cleanest, most attractive and best run towns in Jamaica. All this has contributed to its popularity backed by the fact that it’s a great place for job opportunities for all type of professionals in Jamaica, has created this strong demand for real estate.

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Jamaica Realtor

2008-05-28T00:09:00.000-07:00

Buying property whether it is land or house, for most of us it’s our single biggest purchase and chances are you will work with a real estate agent. Real Estate Agents or a Jamaica realtor are the industry’s gatekeepers and are trained professionals who are licensed to negotiate and transact a sale. Also, especially helpful to first time buyers, who may be nervous about what to expect from this big transaction.

The benefits of working with a Real Estate Agent when you intend to buy property in Jamaica are you will be working with a trained professional who understands what is going on in the market and will guide you every step of the way.

Real Estate Agents have access to a wealth of information from their own properties, via the internet, magazines and their own colleagues in the same field.

They will work to get you pre-qualified to make an offer on a property whether it be a cash or mortgage purchase.

Also, have the time and access to show properties that are suitable to your pricing.

Be the third party between the vendor and yourself in presenting offers and negotiating on your behalf.

After the offer is accepted they will guide you with the sale process and all the cost that will incur. Some will even help in finding a suitable lawyer to finish the sale process and look out for your interest in signing agreements between vendor and purchaser.

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Montego Bay Property

2008-05-27T08:51:00.000-07:00

St. James is located in the western part of the island of Jamaica. Home to the second city and also one of our major tourist towns called Montego Bay property.

There are a lot of communities in St. James, ranging from resort, elite neighborhoods, farming, inner city to just your regular everyday living. Thinking of living in St. James and raising a family, there are a number of communities that could easily suit the living from lower to upper class living.

Introducing one of these communities called Bogue Village located just minutes out of the heart of Montego Bay town. This is a fairly new housing development built six years ago by Gore Developments and was done in phases 1 - 5. A middle income area with facilities in the village itself or easily accessible from neighboring Fairview, Catherine Hall and Westgate shopping centres.

This community started with two bedroom, one bathroom single dwelling house with reasonable yard spaces which allow you to create a little garden, play area for your kids or if you prefer to do further extensions to the original structure that was built.

Now, their own facilities are now under construction and will feature shopping centres, schools and other amenities to add to more convenient living. Already close to proximities such as schools, bank, pharmacies, movie theatre, restaurants, gas stations and clothing and furniture stores just to name a few. Convenient living and shopping without the hassle of going into the heart of the Montego Bay.

Tags: Montego Bay Property | Jamaica Real Estate | Jamaica Property | Real Estate In Jamaica |

Montego Bay Jamaica Real Estate

2008-05-26T03:45:00.000-07:00

Montego Bay is the second city and also one of our major tourist towns in the Island, located in the Parish of St. James.

As with all major cities around the world you do have a downside, and living in Montego Bay Jamaica Real Estate is no exception, you might have a job, but unless it is very well-paid, you will not be able to afford many of the things that there are to do. It is particularly difficult to find good, cheap accommodation and often time’s goods and services are very expensive, especially in a tourist town.

With the influx of persons coming, overcrowding then becomes a major problem. An individual wanting to improve on personal Jamaica real estate development from rural areas because of lack of jobs, limited education or just young people leaving home, choose to live in the city.

Now they are in the city with no where to stay, there is prime land, resulting in illegal settlements thus creating depressed communities and depreciating the value of other good locations.

This breakdown of overcrowding, lack of jobs, limited education then leads to a major problem which is crime, criminals prey on the working class and even themselves.

As a result of these breakdowns and even more, one would be scared to live in the city, but as with anything there is a plus and minus.

Tags: Montego Bay Jamaica Real Estate | Jamaica Real Estate | Jamaica Property | Real Estate In Jamaica |

Jamaica Real Estate Sale

2008-05-25T03:32:00.000-07:00

If you are contemplating purchasing property, it is best to first educate yourself on any legal requirements or impediments relating to that property. There are a number of steps, and nearly all of them require the payment of a fee. These are called transaction costs, which are often additional to the price quoted for the property you are about to purchase.

If you don’t have enough cash on hand, visit a mortgage institution to determine how much loan you will be able to get based on your salary.

It is essential to establish whether a registered title exists for the property. A registered title ensures that you know who exactly owns the land.

Acquire the services of a commissioned land surveyor, to assess and give a detailed report, defining legal boundaries and ensure that boundary pegs are in place and there are no breaches of the covenant.

Acquire the services of a valuator to provide a detailed report of the true market value of the property and to ensure that you pay the correct amount and which is also needed if you have to acquire a mortgage. The cost for this is normally a percentage of the value for the property and it can be more based on the expenses which will incur and the condition of the property.

It is advisable to secure the services of an Attorney-at-law to draw up the necessary documents like sale agreement and assist in the transferring of property from vendor to purchaser.

Tags: Jamaica Real Estate Sale | Jamaica Real Estate | Jamaica Property | Real Estate In Jamaica |

Jamaica Auction

2008-05-24T03:30:00.000-07:00

Auction is the sale of goods usually in public, in which articles are sold to the highest bidder.

Auction in Jamaica is done under powers of sale contained under mortgage. A property is placed on a private-treaty listing for auction after mortgage payments are more than 60 or 90 days in arrears.

Private treaty sale is more often used by financial institutions to legally recover outstanding mortgage loans in default, and which are secured by properties, such as residential homes. It offers the lending agency the opportunity to recover its debts or a portion of it, while the buyer is often able to secure assets at bargain prices. The value of properties being sold by private treaty is not disclosed to prospective purchasers, and no price is set until a bid is accepted.

Persons desiring to purchase a home through this medium will see the address, volume and folio number and a brief description of property that is shown to the public whether by print or via the internet advertisement. Purchasers will have to do their own research to come up with a price to make a bid.

Normally a twenty-five percent (25%) deposit is required, but this not a set amount, as some Jamaica auction house will ask for their desired amount. This deposit is payable immediately on all successful bids by a certified cheque. For those purchasing the property by way of cash and for loan purchases provided other associated costs can be covered by the mortgage loan. All offers are subject to contract and the auction house reserves the right to reject or accept any offer that is made.

Tags: Jamaica Auction | Jamaica Real Estate | Jamaica Property | Real Estate In Jamaica |

Houses For Sale In Jamaica

2008-05-23T03:18:00.000-07:00

You have investments that are secure and will generate a return over a long period which is very stable. Whether the property is intended to be used as a home or for investment, the security of your return must be a consideration from the outset.

From an investment perspective, there are some factors when deciding whether to purchase land, apartment, townhouse or house.

Land may be purchased undeveloped for an investment or a lot in a housing development scheme to construct their custom built home. Land may be sold as a lot, part of a housing development scheme or an independent title.

For investment purposes commercial is regarded as being a safe long term security. In terms of the growth potential for the value of your investment, the relative appreciation value is far greater than say a residential investment. Long term trend of property prices are always trending up, the main influence is the vast amount of land that is vacant, like even beachfront properties that is in great demand right now. There are transaction fees involved that is unavoidable which a prudent investor should expect to recoup on the resale or leasing of a property.

In purchasing land situated in a housing scheme one must be mindful of the conditions of sale and the restrictive covenants endorsed on the title and that will impose conditions for how a building is to be constructed. This can be factor if you want to do your own creation.

Residential or commercial land, this is in great demand.

Tags: Houses For Sale In Jamaica | Jamaica Real Estate | Jamaica Property | Real Estate In Jamaica |

Buying Real Estate in Jamaica

2008-05-22T03:40:00.000-07:00

An investment is any use of resource intended to increase future production with the goal of making a profit.

Real estate investments are booming in Jamaica, whether you venture into residential or commercial real estate in Jamaica one cannot lose with any of this type of project.

Residential investment is good because there is always the need for housing solutions especially in the lower income sector. If you can do a development stretching across the fourteen parishes, half if not all will be sold before project is finished.

However commercial investing is very good. Commercial property is intended for use by non-profit businesses, office complexes, shopping malls, service stations and restaurants. They may be purchased outright by a developer for future projects or leased by large companies, these properties falls somewhere between residential and industrial.

As with any investment you will need to determine how much money you are able to invest or raise, and what returns you need to generate from this investment to make it worthwhile. A commercial property offers secure investment, backed by stable leases with periodic rent increase which generate returns. All of this though will depend on a number of factors such as location, market price, availability of tenants etc.

You have done your research, acquired the necessary funds and now know what returns you need, you are ready to start looking for properties which meets your return requirements.

Good luck on investing in Jamaican real estate!

Tags: Buying Real Estate In Jamaica | Jamaica Real Estate | Jamaica Property | Real Estate In Jamaica |

Jamaica Homes For Sale

2008-05-21T03:01:00.000-07:00

In Jamaica, as in most countries homes are very important and owning one is very significant, so most persons strive towards accomplishing this and will have varied needs. Therefore we are not to be left out of this quest; we have apartments, townhouses and houses.

Apartments are usually located within a gated and secured complex. This type of home is readily utilized as a second home to overseas owner and can be suited to double as both a second home and an investment property. A fee is usually attached for maintenance of amenities and would be paid by individual owners. One disadvantage though is the close proximity to neighbor and the lack of garden space may be a problem if this is bought solely for retirement purpose.

Townhouses are less common than apartment and houses and are situated as a part of a row of houses. Just as with the apartments they are suitable for non-resident or as an investment property usually in a secure complex also and will be maintained under a common scheme. But has an advantage to the apartment in that owners may have a garage and a little yard space. They are less of these types of property to choose from and building in the right location is of paramount importance.

Houses are our main type of home and these ranges from semi-attached, single dwelling to multi levels. Depending on the location that you have a house, similar to an apartment or townhouse, this can be purchased solely for the purpose of long term investment. Advantages of having a house instead of an apartment or townhouse, is that you can have your own, pool, security and most important your own space to create your garden, and at the same time be free from close proximity to neighbors.

Tags: Jamaica Homes For Sale | Jamaica Real Estate | Jamaica Property | Real Estate In Jamaica |

Buy Property in Jamaica

2008-05-20T02:09:00.000-07:00

Location! Location! Beautiful Jamaica where everyone would like to own their own little piece of paradise. For a holiday getaway whether you are into beaches, nightlife, and a nature lover or to just simple be amongst our warm a friendly Jamaicans.

Investing in a property in Jamaica is good, in fact the demand is quite overwhelming, whether you are a Jamaican or foreign investor there is a place for everyone. With the high demand for affordable housing and employment right now, one can invest in residential, commercial, agricultural and resort properties.

With the demand for second homes and investment properties, new developments with world class luxury residences on the north coast plus a slate of new hotels are just some of the developments taking place in the form of resort properties.

Provision is needed also for housing in all sectors of our economy, but especially for the lower to middle income purchasers. Although new housing developments are going up in various section of the country, there is a wide gap to be filled in order to satisfy this growing need.

Not to be left out, commercial and agricultural investments are also very good at this time. Unemployment is a factor and creating a medium for steady stream of income will definitely boost the Jamaican economy.

Investing in a Jamaican property now would be a very wise and profitable business enterprise.

Tags: Buy Property In Jamaica | Jamaica Real Estate | Jamaica Property | Real Estate In Jamaica |

Jamaica Property Videos

2007-12-15T22:37:00.000-08:00

Locating Jamaica property can be a very intimidating task. However the Jamaica real estate market is much like any other globally. There are three major reasons why people purchase property, for living purposes, for short term or long term investment purposes and for entertainment. Most real estate in Jamaica is sold for residential purposes, however there are options that are coming into play that mix both entertainment (timeshare) and investments. People purchase properties globally for these reasons. Property in Jamaica for sale has mushroomed to residential purchases. We have compiled a set of videos to show the correlation of the global real estate market and Jamaican property sales.

Watch the latest videos on YouTube.com

Financial Planning With Foreclosed Properties - Properties For 20,000

2007-11-15T17:57:00.000-08:00

Its foreclosure heaven in the USA now and if you aren’t taking advantage of this then you really are missing out on the best deals of your life. We have been signing up for foreclosure listings and have really not come across any better than this. If you want to do the best Financial Planning of your life then you need to definitely start here. You can access a lot of loans if you are in good credit standing. Even if you have bad credit you will be able to access a loan for a property valued at 200,000 that you are buying for 60,000. That’s just a lot of equity especially if you intend to use this property as a rental property. Sign up below and get the best list of foreclosed properties.

Jamaica Land For Sale

2007-11-11T07:24:00.000-08:00

Jamaican Land For Sale and rental is possibly the most attractive investment on the island today. With property development on the rise over 7500 new developments of various sizes were carried out during the year 2007. This does not include single home developments, which are also on the rise. The massive increase is actually slowed because a lack of cement on the Jamaican market. And as a result Jamaican land for sale has actually slowed down over thye last 24 months. However withy new technology powered by Google Inc. Get Jamaica.Com and Jamaica Real Estate.Net have combined to provide the largest selection of Jamaica land for sale online. Browse by parish and type of property type.

Try Jamaica’s best property search console online Use The Jamaica Property Search On The Left.

Watch Some Real Estate Videos

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Montego Bay Real Estate Re-Examined

2007-11-05T07:26:00.000-08:00

Montego Bay in Jamaica is the hub of tourism on the island on Jamaica’s north coast. Undoubtedly it is Jamaica’s most famous tourist destination and over the last 10 years well over 10,000,000 stop over arrivals have occurred. That’s three times the population size of Jamaica. Montego Bay real estate has grown in value year over year because of the multiple income opportunities, most properties can double as bed and breakfast locations and others can be used as timeshare rentals. In the past most Montego Bay Jamaica real estate was traditionally used as residential homes but as eco-tourism has become quite popular places such as West Gate Hills have seen a plethora of guest house constructions and this has meant that more and more Jamaicans are investing in tourism ventures and it is not solely the overseas investors. This has led to a greater demand than normal and a subsequent increase in prices. However over the last few years Montego Bay real estate has come under undue stress as tourist harassment is on the rise and Jamaican tourist authorities have taken steps to quell the problem. If you are not aware of what Montego Bay it self is like watch these video logs to get a basic idea.

VIDEO 2

Buy Real Estate For Under US$10,000

2007-11-04T14:27:00.000-08:00

Foreclosure properties are really just a procedure in where a bank or lending agency repossesses and liquidates real estate because of the mortgagee’s delinquency and failure to pay their loan payment. The bank really seizes and takes ownership of the property. This is a common occurrence in Jamaican real estate and US real estate. There are typically two types of real estate in both the US and Jamaica. The first is based on foreclosure ordered by the courts or the judiciary called a judicial foreclosure sale. This means that initially the principal on the mortgage is added to the outstanding interest effectively capitalizing it then coming to a final payout. The sale of the property is supervised by the court and then it is sold the bank is paid first, then other creditors, fees are deducted and then the mortgagee collects the difference. Foreclosure by powers of sale also involves seizure but takes a much shorter time as the court is not involved. In Jamaica this is NOT ALLOWED but it is in some states in the USA. We believe that this is very important in any event. As with the judiciary sale all proceeds go primarily to the mortgage bank, then to other creditors, and finally to the mortgagee. The issue really should go to the courts where the person has the opportunity to pay up the outstanding and save their properties. However WE BOUGHT A FORECLOSURE PROPERTY FOR 9,700.00 in New York. It was a simple process we signed up for a listing and in a week we had over 3,000 choices, we picked one applied for a mortgage loan and got the property in a three week closing. You should sign up to this if you are serious about getting revenue.

Watch the latest videos on YouTube.com

Montego Bay Jamaica Real Estate

2007-10-16T20:00:00.000-07:00

Montego Bay is considered the tourist capital of the Caribbean. It is an excellent spot with a buzzing nightlife and cruise ships that call to port daily. This is possibly one of the best spots to purchase Jamaican real estate. Montego Bay Jamaica real estate is possibly the fastest growing area with real estate values across the island of Jamaica. Jamaica is possibly the most renowned of all the Caribbean islands for fastest growing real estate values. The prices are being driven up due to an ever expanding commercial zone in the Montego Bay area. With this expanding commercial zone come new jobs and new opportunities. This leads to migration towards the city from more rural areas of the parish St. James. The most popular places that people have set up in and around the Montego Bay area are Westgate Hills, Barry Town, Salem, West Green, Salem Heights, Rose Mount and other places.

The cost of property in the Montego Bay area has become exorbitant and almost out of reach for most locals. Granville is one of the places much like Spring Farm and Rose Hall where properties range from one million dollars to (USD$1,000,000) to over ten million dollars (USD$10,000,000). These properties are owned by movie stars and hotel owners, like the famed Rollins Family owners of the Ritz Carlton Rose Hall Hotel. This is an excellent area to buy property. As over the last 3 years alone property prices have increased by over 18%. To buy Montego Bay Jamaica real estate you should first locate the are that fits within your budget. However if you use the search function on our right then you can quickly find real estate easily. In the coming months the most popular property has been Palmyra condominiums which go for very high prices. This provides a rare opportunity if you can purchase the property before development and resell after you could walk away with a hefty profit.

Real Estate Mortgage Loans In Jamaica

2007-10-07T14:54:00.000-07:00

Mortgage loan rates are offered in Jamaica by several mortgage companies and commercial banks in Jamaica. We examine these companies one by one over the next several posts:

Jamaica National Building Society works with any other mortgage funding company and the Jamaica National Housing Trust. Together JNBS will lend up to ninety five percent of the sale price of the real estate that the individual wants the loan for. There list of steps that you must go through in order access this property loan. The first is as follows

Locate the property and make an offer to the vendor
Once the offer is accepted contact your lawyer and make the deposit of 15% the value of the property.
Request a Valuation or Appraisers report as well as a Land surveyors ID report from the vendor if he has one conducted within the last six (6) months. If not then you must get one from an approved valuator.
Once that is done then you enter any JNBS office with the deposit receipet and the following standard documents.

Sales Agreement (duly completed)
Photocopy of Certificate of Title
Valuation Report showing picture of property (we require you to have the report done by a valuator).
Income Verification Letter
Last two pay slips
TRN (local applicants)
If self-employed, Statement of Income is required from a Chartered Accountant
Proof of age (Passport, Driver’s Licence or National ID)
Commissioned Land Surveyor's Report
Up-to-date property Tax Certificate
Closing Cost of approximately 6% of the loan amount to be lodged to a JN savings account.
Approved Plan (if applicable)
Detailed Builder’s estimate (if applicable)
NHT Referral Letter (if applicable).

The mortgage rates charged by Jamaica National Building Society are the lowest in the market. These range from 12% for first time home buyers to up to 17% for second mortgage buyers with equity requirements from 5% for the former mortgage type to 25% for second mortgage takers. These are undoubtedly the best rates in the market and easy to access.

Feel free to contact any JNBS branch at the numbers below:

2-4 Constant Spring Rd.
Kingston 10, Jamaica
Tel: (876) 926-1344-9
Fax: (876) 926-7661

Flip jamaica Real Estate - The Buy Hold And Lease Strategy

2007-09-14T07:44:00.000-07:00

Flipping Jamaica real estate is not as limited in scope as most property investors believe. The prospects are tremendous and we review another prudent option of flipping Jamaican property. It is even more fundamental to note that these strategies can be employed anywhere in the world once the real estate markets climate is good. Real estate in Jamaica is seen as a long term investment. This is mainly because most of the Jamaican property when being sold carries hefty taxes both to the vendor and the purchaser. This at times effectively wipes out significant earnings. The more prudent move would actually be to sell the Jamaican property but what is titled as ‘under terms’. This achieves two hefty pay bills for the investor. The first step in this process is to refinance the Jamaican property at a newly appraised Jamaican dollar value. This means you access a loan facility for the Estimated Market Value. Jamaican mortgage banks usually lend a maximum of seventy five 75% the EMV. This means that you should have not spent more than this amount in purchasing and rehabilitating the property. Once this is completed you can lease the property with an option to buy. The lease payments from the lessee should be able to at minimum pay mortgage payments (a risky venture as lease payments should be a minimum 15% more than mortgage payments). If the lessee after time accepts the buy option in the lease agreement you recover more cash on closing, avoid realtors’ fees and reduce capital gains taxes when filing your returns at the end of the year.

Is this a very feasible prospect? We at Worldwide Realtors Company Limited have employed this strategy over the last four years with mixed results. The best bet is that upon refinancing we need to find another project to go directly into to continue to work the capital. If this is not done then the capital can become burdensome. These are some of the problems we encountered.

New estimated market value did not exceed total expenditure by 25%
Difficulty in leasing Jamaican property
Reducing refinancing amounts as mortgage banks did not want to over leverage with one customer.
Inflation in the economy pushed up cost of repair material faster than Jamaica real estate value appreciated.

Though these problems might reduce overall profits in the short run, the strategy remains in tact and a very viable one to pursue. There are several communities that we believe have the best prospect for this, Meadowbrook, Hughenden, Constant Spring, Harbor View, Red Hills, Upper St. Andrew and some areas in Portmore St. Catherine. Due to the fact that real estate values for residential properties in these areas appreciate at a very steady pace these are the areas to hold on to. Other areas are more buy, repair and sell strategy perfect. The other flip strategy is actually the Buy Low Sell High Jamaica real estate flip strategy. We explore this in our next post.

How To Flip Jamaica Real Estate - Property Flipping Explored

2007-09-14T02:01:00.000-07:00

Jamaica real estate flipping" is a very hot topic in real estate. The definition of real estate flipping means to buying a property and reselling in a short turnaround time versus holding the property for the long term and earn revenue by rental. Flipping Jamaican real estate and property can vary using strategies that are profitable and some more risky than others. Today we examine the Buy, Repair And Sell Strategy. This strategy requires the investor to first locate a property that is a bit run down and for sale. Hence the real estate investor must scour the market and find Jamaican properties that are selling below Market value and have a high resale value. This involves a very simple formula. Let us assume that you purchase a Jamaican property for JMD$10,000.00. The going price for homes in that community is JMD$20,000.00. If you repair the home for say JMD$2,000 you can resell at JMD$20,000. However if you didn’t repair you could try to resell quickly for a much smaller profit. That is another Jamaican Property Flip strategy one which we will review at a later date. This methodology is a very common Jamaican real estate strategy. The key to making this strategy work is finding bargains on the real estate market and avoiding the major danger in repair and real estate flips is either paying too much or underestimating Jamaican property repairs. An investor must remain pragmatic when estimating repair costs, the length of time it will take to repair and ultimately resell. Jamaican real estate agents are a key aid in this process. They can be helpful from start to finish. They can assist in finding the best bargains and after repairs can assist in sales of the property. This means that their cost must be accounted for when planning to use this strategy. Worldwide Realtors Company Limited provides a great service in Best Real Estate Agents website that can help you find a real estate agent in your area and even country. There are several other Jamaican real estate flipping strategies that we will review over the next seven (7) days, however this main strategy and technique is the main one used by Jamaican property investors and developers. One notable about this strategy is that it requires capital to be readily available to the investor. The average turnaround time can be anywhere from 30 days to even 240 days, as repairs and resale can severely reduce the turnaround time. One major problem is that over 80% of all Residential Jamaican real estate sold is done so through a Mortgage Loan. This means that there will be lengthy delays in property sales.

How to keep a good Jamaican property tenant

2007-09-12T19:10:00.000-07:00

Jamaican real estate owners do have some difficulty in finding and keeping good tenants. It is often viewed that there are no good Jamaican property landlords. This is evident in several instances but it is even a bigger concern when landlords cannot find good Jamaican real estate tenants. This is compounded by the fact that the Jamaican landlord and tenant Act referred as the Rent Act offers little protection to the landlord. Ten tricks to keeping a good tenant are to make that tenant happy. This means that you will realize a steady flow of income. There are a few cheap additions that can be made to any property that can woo a tenant to remain with the landlord even when buying property might seem a cheaper prospect. Think about ceiling fans, air condition and increased storage space are just a few additions that will keep a tenant happy. This practice is called offering upgrades to the property. A tactic usually used to just increase the value and charge higher rent can be used to keep the tenant happy.

Jamaican property upgrades to rental properties and homes has a major objective. This makes tenants perceive that they are getting more than a standard rental home. When a potential tenant views a property they see not only a standard rental home or apartment, but an upgraded Jamaican property. This gives them the best meet the needs of their family. This provides a great incentive for tenants to stay in your Jamaican property. Jamaican homes or apartments that are just standard means the tenant can find another standard home or apartment. However, if a tenant believes that they live in a custom Jamaican home or residence with upgrades they are less likely to move. In fact, residents who believe they are moving into a custom rental home will stay twice as long before finally moving on. Having added extras to Jamaican rental properties the strategy is still good when being viewed by prospective tenants and residents. This strategy provides a great cash flow.

Selling Jamaican Property In A Slow Market

2007-08-12T13:35:00.000-07:00

Selling Jamaica real estate in a market that is slowing down has led to getting some great deals being snapped up by Jamaican property buyers. This has led to another series of great incentives for buyers of Jamaica real estate. As sellers sweeten the pot they do several things. Possibly the most common one is paying some of the closing costs for the buyer. This has been a very effective tactic for developers as real estate investors can defray some closing costs from the initial mortgage loan and prevent the buyer from taking up some additional debt for a very long term.
Some Jamaican property developers have began to contribute to the down payment. This is a very strong incentive for Jamaican property buyers. As a larger deposit will lead to lower mortgage payments over the longer term then many potential buyers gravitate towards the offer by Jamaican developers. Sellers also attempt to entice buyers using free homeowner insurance for at least one year. What most developers do is to work back this rate using insurance premium financing. Most Jamaican mortgage loans require insurance to be on all properties. If this is not done then mortgages are not disbursed. This saves the buyers to use cash saved to complete other pressing tasks. Other pressing tasks include relocation, purchase of furniture and even home improvements. Some property developers have began to offer relocation assistance. This has proven very lucrative as a bundle of goodies being offered by Jamaican developers. However the most used technique is to bring mortgage lenders directly to open houses and offer packages directly to potential buyers, this has been a proven tip and has resultede in upward sales of Jamaica real estate.

The Jamaica Real Estate Bubble

2007-08-11T19:40:00.001-07:00

Over the last 20 years Jamaica has realized a real estate bubble burst and this has left the real estate market in shambles. Understanding why there was and still is an unwinding in the Jamaica real estate market is the ease in which demand is being met by supply. Over the last few years the increase in access to mortgage loans has been the catalyst to an ever increasing demand as most renters move to property ownership. This has left an upside and downside to the market. In most urban areas and areas where tourism in Jamaica flourishes, property is over priced as an average two bedroom townhouse can run into ranges of up to USD$250,000. However properties such as this one in most rural locations the prices swim in a measly USD$30,000 – USD$50,000 band. Though this phenomenon is common in most developed and developing countries the disparity in Jamaica real estate is almost astounding. However the bubble has blown as supply begins to wear down demand. Too many urban approvals have led to over building and this invariably will lead to a drive to force prices down as real estate investors become more conscious of prices and begin to wait out for best deals. This can lead to several problems as many attempt to manipulate the urban property prices. The collusion between, developers, brokers and lending institutions has prevented natural market forces to prevail and prices are almost fixed as these band of individuals attempt to carve out earnings of the back of the working population. However this practice is not without an end in sight. High property prices are a sure signal of eventual economic melt down as this is in no check and balance. Strangely enough the first show and tell sign is in Jamaican property prices and will eventually lead to an extreme drop in prices once again as was in the 1970’s. Though the catalyst then was political disturbance Jamaican real estate was the first asset to suffer coming off an all time high, to plummet to ridiculously low prices. It was not until the mid 1980’s that Jamaican property started to recover. Though the stringent lending principles of the mortgage facilities have never waned and possibly have kept the Jamaica real estate market buoyed to this time.

How GetJamaica.Com And Jamaica Real Estate Work Hand In Hand

2007-06-28T04:10:00.000-07:00

Worldwide Realtors has been dealing in Jamaica real estate for over 15 years and has found that foreclosure real estate in the Jamaican real estate market is the way to go. Attempting to find Jamaica real estate deals in the news paper can be a very hectic and grueling task. Our staff spent hours daily trying to locate motivated Jamaica real estate sellers. This was a lot of hard work and very time consuming. Many online courses attempt to teach how to find Jamaican property and real estate on the internet and in the more common advertising mediums. Of course they were very helpful but the problem was that competition was very stiff. Eventually that led to a Jamaican realtor having to offer more than just a business card. The age of information and Jamaica real estate blogs have changed the way Jamaican real estate is bought and sold forever.

www.jnrealestate.net Blog geared for both challenged Jamaica real estate sellers and motivated Jamaica real estate buyers. In most cases in Jamaica these hot real estate deals are pre-foreclosures and current foreclosures. http://www.jamaica-real-estate.net/ and GetJamaica.com have formed a union for Jamaica real estate buyers and sellers. In May 2007 Jamaica Real Estate.Net shelled in $37,000 to produce a brand new blog that provided needed information for its clients. We attempt to provide properties from Jamaica real estate sellers that are trying to divest their Jamaican properties well below market prices. The new system provided by Get Jamaica and jamaicarealestate.net use Google API to provide a monster search for Jamaican properties. Especially foreclosing Jamaican properties the websites have a very good knack of finding these properties.

The most amazing thing about this service is that it is free for those that want to locate Jamaican property and Jamaica real estate. Visit the website GetJamaica.Com and go real estate and search for these top Real Estate Properties. These are once in a lifetime Jamaican properties and Jamaica real estate that you will find. By visiting these two websites both owned and operated by Worldwide Realtors Company Limited in Jamaica you will not have much problems locating the best Jamaican real estate on the internet.

Jamaica Real Estate And Pre Approvals

2007-06-22T07:35:00.000-07:00

The process of buying Jamaica real estate can be not only very stressful but very time consuming as well. Whether you are trying to locate that bit of Jamaica real estate that is the home of your dreams or that bit of real estate that is affordable as just a great investment. The ideal purchase is that one that makes the purchase simple and easy. This article posted on this blog is designed to do just that. Well, there are a few things that you can do to help streamline the process and ease the stress out of the purchase. The first step is to decide how much capital you are willing to expend to purchase that bit of Jamaica real estate. This means that you must tie up any and all loose ends and decide what savings for pension is and what investment for Jamaica real estate is. Financial concerns about buying a Jamaica real estate is undoubtedly the one aspect that is the most stressful. Investors perpetually wonder about the perfect investment in Jamaica real estate and if they will ever really find it. The worst mistake an investor can make is to begin to look for Jamaica real estate without first securing financing. The best way to prevent major problems and knowing what type of Jamaica real estate you can purchase is be pre-approved for a Jamaican mortgage loan or Jamaican mortgage facility. To obtain this pre-approval there are several steps that each investor must take. Primarily as an investor the Jamaican bank or any other lending institution for that matter must ascertain your credit history and will investigate items that appear on your credit report. Any poor credit rating or negative remarks could put your approval in jeopardy so ensure that any outstanding debts are paid off. This should be done BEFORE you attempt to get a credit report. With a clean credit report the process for finding a pre-approved Jamaican mortgage becomes easier. There are several institutions that we recommend. Victoria Mutual Building Society and Jamaica National Building Society. These are at the top of there game and have many different options in terms of Jamaican real estate mortgage facilities and loans. We encourage all investors to shop around to find that perfect Jamaican real estate loan. Once a loan is pre-approved, the next step is to find the Jamaica Real Estate. But what really are the benefits of having a pre-approval letter from a Jamaican based lending institution. You have more confidence in Jamaica real estate shopping, You have a bit more bargaining power as the Jamaica real estate vendor knows you have immediate access to a loan, You cut down on time looking for properties OUT of your reach, You can quickly spot and take advantage of deals with pre-approvals. These are just a few of the advantages open to Jamaica real estate investors that have access to special loans offer by pre-approving Jamaican based mortgage institutions.

Pre-Construction Jamaica Real Estate

2007-05-25T12:06:00.000-07:00

Over the next few months Jamaica Real Estate Blog will be looking on the different income streams of the trade of real estate in Jamaica. Today we look on the technique of pre-construction Jamaican real estate trading. In Jamaica today construction is a big business. This means that most developers purchase land and then go through the bureaucratic red tape to construct buildings. The most lucrative being middle income housing. The process follows several simple steps:

Data Gathering: - The genesis of all Jamaican property construction, data must be gathered to determine location and cost to developer, also zoning to determine the type of construction to be pursued. There must also be a demand for that type of property as well within that location.

Purchasing The Property: - This is the second step and the most fundamental in developing Jamaica real estate, the location of the Jamaican property will determine, Estimated Market Value and ultimately how much the developer can sell either the property or units for.

Design of Buildings: This is also as important as property location; the reason is that the architectural design of the Jamaican building must take into consideration the electrical engineering, the civil engineering, the boundaries as laid out by the Jamaican property title, if the property title precludes the construction of particular buildings.

Government Approval: - This is sought after all the previous steps are followed. The NEPA (National Environmental Planning Agency), The Registrar of Land Titles and the respective Parish Councils are needed for this process to be complete. The NEPA ensures that the Jamaican environment is not going to be encroached upon by construction. This means that a site visit and scrutiny of the plans are key to the NEPA. The Registrar is responsible for amending the existing land title to suit the new property construction. Normally the old Jamaican property title is destroyed and new title or titles are issued. The Parish Council must make recommendations based on zoning laws of residential or commercial properties being erected. If a property is designated as a residential area only, then it will be impossible for a developer to purchase Jamaican property and build commercial properties.After these hurdles are overcome then the next step is to begin building. We will begin interviewing several Jamaican construction developers over the next few weeks.

Jamaica Real Estate - www.jnrealestate.net

2007-05-21T23:27:00.000-07:00

This is a premier blog on Jamaica real estate. This site owned and operated by Worldwide Realtors Company Limited explores the different aspects of Jamaican Real Estate. Taking queue from top real estate firms in Jamaica, this Jamaica real estate blog provides the largest meta search for Jamaican properties on line, having partnered with Jamaica Real Estate.Net to search over 200 websites on line to rent, lease or purchase any type of real estate in Jamaica whether, residential, commercial or industrial.

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