Beginner's guide to buying in Antigua
We understand that coming to Antigua and seeing its spectacular coastline makes you want to join us and own your own slice of paradise.
Antigua like any growing country represents brings its own unique challenges to any would be buyer. If you know the buying procedure you are half way to your dream but having the right agency behind you will ensure that your dreams become a reality and your property remains the paradise you always wanted.
Luxury Locations top tips for the would be buyer:
- Ensure that the seller has the right to sell the property, by instructing your agent or lawyer to do a search so that the property can be sold free and clear of any leans or cautions.
- Deposits should only be held by reputable lawyers in escrow accounts under Antigua law if not your money is not protected.
- Always have a structural survey of the property by Government-approved Surveyor.
- Never choose the same Lawyer as the seller. It may save you money, but in the long run you will want someone who is paid by you to protect your investment.
- Ensure there is a full inventory of the property prior to contract; ensure that photos are included as proof of what was agreed.
- Ensure that the property has insurance for the full sale value up to the completion date.
- If you are considering a new build property. Ensure you employ a Government Certified Engineer to ensure that the build at each stage is correctly constructed to the plans prior to releasing any moneys.
- If you are looking for an investment property which you wish to let ensure you consult a specialist property management agent to get the real picture on what your income might be.
- Standard Buying Fees are 5% Non Citzen's License, 2.5% Stamp Duty & Lawyer fees 1-2%
- No matter what... DON'T break these rules!
There are a number of real estate agencies in Antigua but few that can offer the service and professionalism you deserve. Working with the right agency ensures that you only work with those who have extensive experience in this niche market. Luxury Locations is the Savills preferred agent guaranteeing our credibility and ensuring your investment is safe.
