Property buying guide for the island of Jamaica
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Buying Real Estate In Jamaica - Guide

Jamaica has captured the attention of many persons with the gorgeous terrain and wonderful asset real estate. Due to this many persons seek to acquire land in Jamaica without knowing the legalities that needs to be considered in the process.

In West Indies, Jamaica, there are procedures and the conveyance law that should be followed that is all based on the Torren Title System. Unlike England, property laws have not changed much in Jamaica so although there are things to be considered they are not long and expensive as some may believe.

Due to this, it is always advised for individual who are trying to acquire or get rid of land may it be commercial or residential, employ the expertise of an attorney. It is also always advised to buy land from an owner with a registered title to prevent future problems. If they do not possess one they can always apply for one. This also helps in validating the property. A plus in having this also is that I clearly outline the land that you are buying, i.e., its size.

It also holds another advantage as it can be used as a collateral for receiving loans from commercial banks, etc. It typically takes as much as 90 days or about 12 weeks to complete a transaction on a property. But this standard time may be longer.

Here are some things that must be done during the pre-contract time period:
• The price of the property should be negotiated directly with the seller or through your agents.
• Ensure that you visit and inspect the property completely beforehand.
• Make certain that the seller is the one really selling the property by checking name(s) on the title.
• If you like the property and is very sure you want it try to agree to a deposit amount.

You should ensure that you attorney is up to speed with everything and is involved during the contract stage. Discuss the contract with your attorney so that you fully understand what is needed or expected of you and also your real estate agents.

In finalizing the contract, one should ensure that they also follow these steps;
• Pay the remaining balance for the property.
• Collect receipts and your own replica of the contract.
• Sign up for a mortgage commitment
• Ensure that you comply with the mortgage institution’s requests.
• And also ensure that you sign the instrument of transfer including the mortgage deed.

When this is done you will own a new home in Jamaica, West Indies and be given the keys, and title and any other required letters to get started.


Jamaica Real Estate Articles


Before Buying Jamaica Real Estate
After Buying Jamaica Real Estate
How To Add On To Jamaica Real Estate
Selling your real estate in Jamaica
FSBO and Pricing your Jamaican Property
Sale vs. Rental and Capital Gains 
Investing In Jamaica Real Estate
How To Flip Jamaican Real Estate
Purchasing real estate in Jamaica with No Money Down
Financing Jamaica real estate purchases
How to negotiate when buying real estate
Renting Jamaican Real Estate
How to increase the value of your real estate
Getting more from your Jamaica real estate
Leasing real estate in Jamaica
Understanding Jamaica real estate mortgage loans
Choosing A Jamaica real estate property manager
Understanding property and real estate insurance in Jamaica
FSBO your Jamaica real estate
Re-investing in real estate
Investing in Jamaican apartments
Rudiments of Jamaican property title
Understanding Jamaica real estate foreclosures
Jamaican Recipes
Trinidad Map, Trinidad Flag And Trinidad News
Jamaican Food

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