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Procedures

Procedures


Procedures to buy a lot in Stella Maris, Long Island, Bahamas with Long Island Estate Developers:

  • When you have “decided” to buy: We will draft a written ‘understanding’ (with all pertinent facts – property reference/price/payment system, etc.), for forwarding to handling law-firm.
  • You place a deposit of 20 % of the purchase price into the escrow account of the law-firm of Sean B. Callender & Co., Freeport, Grand Bahama, Bahamas.
  • Sean B. Callender & Co. drafts a Legal Agreement, for mutual signing.
  • You continue with your financial performances as per agreement (see below), while law-firm holds your future property title “in trust”, on your behalf/for your safety.
  • When purchase price is fully paid, law-firm drafts a Conveyance (“Title” / “Deed”), for mutual signing.
  • YOU ARE NOW THE OWNER, Congratulations!
  • Law-firm will register your Title with the Registry of the Bahamas

HERE A $ 25,000 EXAMPLE OF PAYMENT SCHEME AND POTENTIAL CASH DISCOUNT:

If you choose to pay entire price one-time, deduct 5 % of total price

If you pay over time:

Beyond deposit, pay 20 % of purchase price four more times, within every following 180 day period

If with any 20 %-installment you decide to ‘pay up’ the entire then pending balance, deduct 5 % of the balance, which follows that installment

We can provide more supportive photos or videos of your lot(s)-of-interest and will respond to any further questions by email.