Posts

Showing posts from October, 2009

Turks Head Cactus

Image
The Turks Head Cactus is a native plant of the Turks and Caicos Islands. Mostly found in Grand Turk. It is a part of our culture and is seen as an icon on our national flag to represent the flora of the islands.

Vacant Land Near the beach in Grand Turk

Image
Vacant residential land within walking distance to a white sandy beach. This property is an excellent investment opportunity for those looking for a long term investment. This is also ideal for building that dream home in a quiet subdivision near the beach in Grand Turk.

Vacant Land - Mellinnium Highway (TCI)

Image
Vacant Land located off the Mellinnium Highway in Providenciales. This is one of (15) fifteen lots located in a residential subdivision. Zoned residential which means suitable for a dwelling home and guest house.

Listing in Grand Turk

Image
I have listed a piece of vacant land located in the area of Corktree on Grand Turk, Turks and Caicos Islands. Zoned residential, which makes it suitable for a house and guest house. What I like most about this property is the close proximity to the beach which is in walking distance, approximately 5 minutes or less depending on how fast you are walking. : ) Pristine white sand beach just like that of Grace Bay beach in Providenciales. A reasonably priced lot with no restrictions as to when to build, no taxes including property taxes once purchased. The best time to purchase is now while prices are reasonable and development is on its way. No one owns the beach or the access to the beach, it is public. Therefore, if you cannot afford to get a piece of property with beach frontage during this difficult market period, then I recommend you give consideration to this lot as, you will have the same access to the beach and with the same privileges, as the person with their house on the beach...

The Pinnacle

Image
28 beachfront residences each with three bedrooms located on the pristine shores of Grace Bay. It offers an exclusive private oasis within electronic gates, and a number of amenities including a lighted tennis court, fitness centre, wet bar, media center, laundry center with full size washer and dryer, pool and owners lounge to name a few. Selling point starts at around $1.9Million. There are not many units available for sale or rent as most owners, purchase thier units as a second residence for their yearly holidays and get away spot. If you would like more information on The Pinnacle click here and leave a request.

Comparative Market Analysis (CMA)

A Comparative Market Analysis (CMA) is an "Informal" assessment of a property's market value. This is usually done to establish a reasonable listing price when a property is placed for sale on the market. What happens is that your property is compared to other properties that are currently listed for sale or have sold in the area then a listing price is established based on the findings. The analysis is done by a real esate agent who has easy access to property information through their real estate system. A CMA can be benefitial to a Vendor by helping to determine a listing price for their property, to the Purchaser by determining an offer price, and to an investor as he would be able to compare his property price on the market now and when he purchased and hence know when it is a good time to sell when a reasonable profit has been made. Send me an email on delancy@nationalcolonyrealty.com and I will give you a CMA of your property in Turks & Caicos Islands.

Why use a real estate agent when selling?

Listing Price: The real estate agent can provide you with a comparative market analysis to help you in pricing your property to compete with other properties on the market. Marketing: The real estate agent can give your property exposure through advertisements and other agents, to assist with a faster sale. Buyers: The real estate agent can pre screen potential purchasers to avoid you having to deal with jokers who are not interested in purchasing. While on the other hand can assist purchasers who are interested by pointing them in the right direction to be prequalified so that they can then be in a position to purchase. The real estate agent will take on the responsibility of showing the property each time a prospective buyer is interested in viewing. This can become a time consuming process. After obtaining one or more interested buyers, the agent can help you objectively evaluate every offer and help negotiate the best possible price for you. Your real estate agent will also help gu...

Mortgage pre-approval in TCI

A word of advice that usually comes in handy for persons who decide to go the financing route when purchasing real estate property in the Turks and Caicos Islands: You will need to use a bank in the Turks and Caicos Islands to obtain financing if you are looking to finance your purchase through a bank or lending institution; Get pre-approved for your mortgage before putting pen to paper and signing an offer form if you can. This way you can know how much in advance the bank will lend you and you can make an informed decision in choosing a property within your approved price budget; Most banks should be able to pre-approve you within 48 hours once all paperwork is received; and Non residents do not have to be on island for pre approval to be done. There are specialists in the banks who can work with you over the telephone or via email. You can always ask your real estate agent to put you in contact with the right person or you can call the banks and ask for assistance. The same goes for...

Island hopping in Turks and Caicos

Image
Want a fabulous idea for a family vacation. Island hopping! Come island hop in the Turks and Caicos and experience what each of our beautiful by nature islands have to offer. We have local flights that goes from island to island for a minimal fee, which includes from Providenciales right down to Salt Cay. And if you want to experience even more excitement you can catch the ferry that will take you from Providenciales to North Caicos, and take a taxi or rental car to the island of Middle Caicos via the 'cause way' connecting the islands. You will find that each of the islands are unique in their own way. Do a little research and make a list of activities that you will like to do while in the islands, book your flight and come on down to the Turks and Caicos Islands. Its sounds like a fairy tale but it is for real. Beautiful beaches, historical sites, friendly people, no taxes. It is all true! Perhaps after leaving you might decide to invest in a piece of real estate .

Breast Cancer Awareness Month

Image
October is deemed breast cancer awareness month. This year the National Cancer Society of Providenciales has a number of activies scheduled, which includes: A walkaton that has already taken place on the 3rd of October 2009. I must say this event was successful, with representations from various business groups and schools despite the weather conditions; Church service, also already taken place; Wear your T-Shirt Friday. We have already began to see businesses wearing their T-Shirts as a group on Fridays to support this cause; An upcoming "Pretty in Pink" Luncheon; and A mamogram session of testings for a period of three days. Besides these events other local and business groups have and will be hosting fundraising events in aid of the National Cancer Society. As always the proceeds will go towards treatments for existing patients.

Fractional ownership in Turks and Caicos

Fractional ownership is a deeded right to a portion of a unit or in simpler terms the division of an asset into portions or shares according to the Wikipedia Encyclopedia. I believe that fractional ownership is beneficial to persons who are interested in owning/investing in a condo but do not have the funds to purchase a condo at its full market price. I find that it is also useful to that individual who is looking to have a permanent place of stay each visit to the island without the hesitation of a hotel bill during their stay each year. In the Turks and Caicos Islands, there is only one such development which I am aware of that is engaged in this type of ownership and that currently have available shares for sale on the market. In this development each purchase represents a one twelfth ownership in the condo unit, with the right to use it for 4 weeks each year, determined on a rotation basis. The prices range from a one bedroom on the upper floor at $69,000 being its minimum to a 3 ...

Beach front land in Providenciales

Beachfront according to dictionary.com is defined as land fronting on a beach. Available on the market is residential beachfront properties which are suitable for building a home and guest house and also commercial beachfront properties which are suitable for constructing a tourism related project such as a condo, hotel or town home development to name a few. For information purposes, in Providenciales you can purchase a piece of beachfront land for as little as $675,000 on a 0.50acre property for instance in Thompson Cove or a piece of land with say 150 feet of beach frontage in Long Bay for approximately $1,395,000 and for that individual or company who can afford to spend a bit more, as high as $37 Million for a 17 acres parcel in the Grace Bay area that is suitable for a high density condo, hotel or any tourism related development. * Even though the figures above were examples they are actually available properties currently on the maket. Feel free to inquire about them if you wish...

Why visit the Turks and Caicos

There are many reasons why anyone should visit the Turks & Caicos Islands. I will list a few below: Beautiful turquoise water and white sandy beaches Clean and pristine atmosphere Our historical ruins such as Wades Green Plantation on North Caicos and Cheshire Hall on Providenciales . The Caves on Middle Caicos with indigenous bats that inhabit the caves and a historical background of early Lucayan settlers who used these caves as a form of shelter. Historical island of Grand Turk which is home to the salt ponds etc. Friendly people Our unique JoJo the dolphin who interacts with humans (There are only few dolphins in the world that seeks out human companions and JoJo is one of them). Exquisite native dishes and also famous for our world class restaurants. Our unique rock iguanas. Beautiful coral reefs (we have one of the longest coral reefs chains in the world making Turks and Caicos Islands a premier diving destination. We have repeat tourist who return year after year to ...

Welcome

Welcome to Turks and Caicos Real Estate with Vernica Dealncy. A blog about, well you guessed it correctly, real estate in TCI. From time to time I will be updating you on articles that I believe would be of interest to you about the Turks and Caicos Islands and of course about real estate within the islands. Feel free to contact me with a response or with suggested topics that you would like to learn more about as it relates to our beautiful by nature Turks and Caicos Islands. I hope that you enjoy my postings!