Monday, April 14, 2014

About Vernica Delancy your Real Estate Specialist

Vernica is an ambitious young lady who is native to the island of Providenciales. A lady who has worked in both the legal and business profession, and is now working as a full time Real Estate agent for over 8 years.
Being the interactive person that she is, Ms. Delancy has served on several boards within the Real Estate Association inclusive of the MLS committee playing an instrumental role in the establishment of the current inter-association Interface Express that is used by all agents. She was voted Ambassador of the year for the 2008-2009 Real estate calendar year.
Even though work is a priority to Vernica, she always find time to enjoy the natural aspects of the islands which she is passionate about, spend time with family and friends, be involved in the politics of the island, and is always assisting Charitable organizations especially The National Cancer Society of Providenciales, hence a portion of all her real estate sales is donated to the society.
Vernica is an agent that you would be happy that you have met. She looks forward to creating a new partnership with you, and of course  making your island dream of purchasing real estate a reality. 
View some of the available properties that Vernica Delancy has for sale in Providenciales and the outer islands of Grand Turk, Middle and North Caicos. Click here for listings.

Monday, October 7, 2013

Six frequently asked questions about Real Estate in The Turks & Caicos

Here is a list of six frequently asked questions about real estate in the Turks and Caicos Islands. You can always send us an email of additional questions you would want answers for if it is not in this short list;
  • Q: Are there property taxes? A: Currently there are no annual property taxes, just a one time stamp duty payable to the TCI Government. No capital Gains tax.
  • Q: Is there any restriction on a time frame to build? A: There is no restriction on a time frame to build. If you have a vacant lot, you are free to sit without building as long as you desire.
  • Q: What is a home owners association? A: this is an association formed by the owners of an area/subdivision. A body which may decide to impose a fee for ownership of property based on the amount of bedrooms or vacant lot you have. Using the fees collected to beautify the area, and maintain the value of those properties. - areas with a home owners association includes Leeward and Richmond Hills Commons which have paved roads, street lights and extra security, as some of the benefits.
  • Q: Is the process different for non locals to purchase? A: Locals and non locals go through the same process when purchasing real estate in the Turks and Caicos Islands. They pay the same fees, and are subject to the same laws.
  • Q: What is the standard deposit when making a purchase? A: the standard deposit is 10%. However it may differ dependent on other factors, i.e. if you are obtaining a loan from the bank, or if you are obtaining owner financing.
  • Q: What is the best investment property? A: The best investment depends on the customer requirements, as each person my have different ideas of what they want to achieve out of a purchase.

Friday, September 20, 2013

Multiple Listing System (MLS) Tour 2013

It is that time again, where the Turks and Caicos Real Estate Association (TCREA) is now preparing for the upcoming Multiple Listing System Tour, where properties that are available for sale on the open market can get showcase. This year, the association has decided to focus on homes and townhomes. Starting the first week in October, a list will be provided each week to all members of TCREA of which I am apart of, with the schedule of homes available to see. This is the time now to get your homes listed for sale, and make the tour list.

The MLS tour aims to achieve the following:
  • New Real Estate agents can familiarize themselves with the inventory before the busy season begins.
  • All agents can view new properties that would have just became available for sale.
  • Vendor can get pricing feedback on their properties, especially those that may have been on the market for an extended period, that they may adjust their prices accordingly.
  • Buyers can have an opportunity to look at the available homes/townhomes/condos or commercial properties.
  • It also acts as a social for agents, where we get to share property ideas with each other. Which can only benefit our service to our customers.
I am looking forward to the tour this year, as we view the many homes and town homes around the island of Providenciales.

Monday, June 17, 2013

What's selling in the Turks and Caicos Islands?

As a Real Estate agent the question is frequently asked what is the market trend, what is selling?

To answer honestly, the low end products and the million dollar properties are what is selling. The middle class properties are still struggling, and I believe that Vendors with this range product will need a little more patience with their Realtors while they try their best to promote and get those properties sold.

We are still at a place where, persons are watching their pockets and being more conservative with spending.

That is not to say that the real estate market has not improved over the last few years since the meltdown in 2008 in which everyone felt its effects. We have indeed had more sales since this year came in.

Let us make contact and talk one on one about your property, and where in the market it is.

Thursday, March 28, 2013

Canal front town home - The Sea Flowers

If you have a boat and is moving to Providenciales, there is no need to sell your boat but rather bring it along with you . . .
The Sea Flowers is a town home development that is located on the canal that is for sale at a reasonable price, and it comes with a dock allowing you the perfect opportunity to have your boat steps away from your front door.
This town home development, comprises of 24 units which are located in the Turtle Cove area of Providenciales, walking distance to restaurants including the well known Shark Bite, Bacci and Tikki Hut, as well as in walking distance to a white sandy beach.  
Each unit offers a canal inspired lifestyle; where all units have been designed to enhance the lives of those who live there. The meticulous attention to detail makes all the difference. Elegant and sophisticated with travertine and marble floors throughout, cathedral ceilings, central air-conditioning, screened deck, garden area, kohler fixtures, stone counter top, and a jetted tub provide the perfect get-away with an ambiance of enchantment.
You have the opportunity to rent it out as a vacation rental property during those months you are away.

For ownership information please feel free to contact me.

Tuesday, March 19, 2013

Questions asked by international buyers about TCI Real esate

The Turks and Caicos Islands is a Caribbean destination that attracts international buyers who are seeking for a second home or a vacation rental home. Some are first time home buyers in an international market, while others have purchased oversees but not in the Turks and Caicos Islands.

Here is a list of some of the questions that I am frequently asked in regards to purchasing in The Turks and Caicos Islands;

  1. Is there any restriction on non residents purchasing property? No there is not.
  2. Is the process different for a local vs. an international purchaser? The process is the same for both parties. There are no exception to the process. All have the same entitlement and have to abide by the same rules.
  3. Is there a fee for using a realtor to purchase a property? No. You can choose any realtor and you will find that their is no fee to use a real estate agent to represent you in the purchasing process.
  4. Do you have to use an attorney? Yes. The purpose of an attorney is to ensure that the purchaser is given freehold title to their land, and to protect your interest. The law requires you to use an attorney to prepare the contract.
  5. Are there property taxes? There are no property taxes currently on any real estate.
  6. Do you have to build right away if you purchase vacant land? No. You can hold on to your vacant lot for as long as you want. That is why vacant land makes for a good investment, as you can choose to hold on to it until the value appreciates, or transfer it from one relative to the other.
Send me and additional questions that you may have about purchasing in the Turks and Caicos Islands. Email me here.

Friday, March 15, 2013

Thinking of selling your condo?

If you are considering selling your condo in Providenciales, or the Turks and Caicos Islands at large I would be delighted to assist you.

Let me begin by giving you a free market analysis to determine the current value of your condo. I will then help you to understand the Listing process which is simple. Then proceed to get your condo listed for sale, to avoid wasting any time of getting it out there to potential buyers.
At no marketing or advertising cost to you.  Let me organize with the resorts to get the customers in, and get your condo sold.
Email me for a price on your condo today.