Buying a Bahamas Property Virtually is Easier than Ever

Since COVID-19 travel restrictions have been introduced, more international property investors are looking to purchase luxury Bahamas real estate sight unseen.

Now Bahamas property can be viewed online and virtual tours are undertaken from anywhere in the world, more of those looking for luxury Bahamas real estate are considering buying sight unseen. Here are some of our favorite properties with virtual tours available.

1. Four Season, Ocean Club Estates, Paradise Island. Contact Silva Andrews, Andrews Group.
2. Sea Glass, Old Fort Bay, New Providence. Contact Claire Thackray.
3. On A Whymm, Long Island. Contact Cheryl De Goicoechea.
4. Ocean Club Residences & Marina #D203, Paradise Island. Contact Natasha Vythoulkas.
5. One Ocean #709, Paradise Island. Contact Ana Wassistch.

Virtual tours allow prospective buyers to conduct their own digital inspection of their chosen property from the comfort of their own home. They can control which room(s) they want to visit and what features to focus upon.

Find out more about the virtual tour technology in this article  VIEW PROPERTIES FROM HOME WITH VIRTUAL TOURS

As interest in property steps-up, buyers tend to cut down on the number of properties they are willing to view due. Add in COVID-19 worries and more buyers are considering purchasing a property sight unseen.

Zillow survey in July said that due to the Coronavirus crisis, 43% of Americans are more likely to sell a home online and 36% to buy a home online. Even after COVID-19 has abated, a third of buyers said they would prefer a virtual tour rather than a physical tour of a property.

Sight unseen purchases are also made more often by experienced investors, who give considerable weight to the data and returns-on-investment versus emotive considerations. After all, it is a little different from buying a property off-plan, before it is built.

Of course, buying a Bahamas home sight unseen means that investors are relying more than ever on due diligence and facts and figures.

It is also vital to find a realtor with experience and local knowledge to help in the process. Engel & Völkers Bahamas advisors are exceptional real estate professionals who aim to exceed client expectations and know their region intimately.

Here are the steps to buy your property sight-unseen:

1. Find your ideal property on our website and register to receive updated properties based on your specific criteria > Here.
2. Contact an Advisor to represent you and guide you through the purchasing process > Here.
3. Get market data on comparable properties in the community > Here.
4. Discuss the pros and cons of different properties and locations with your advisor.
5. Schedule a virtual walkthrough of your favorite properties.
6. Review asking prices and seller motivation
7. Discuss and prepare offers, be prepared to act
8. Get 3rd party building inspection
9. Hire professional attorney
10. Sign a sales agreement and pay the deposit
11. Final inspection and close the sale
12.  Next steps

Tour The Bahamas virtually and find your favorite island > Here.