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Barbados – Finding Property to Buy

Popular Estate Agencies

There are many popular estate agents operating in Barbados. Some of the well-known ones are:

  1. Century 21 Barbados – https://century21barbados.com/
  2. Terra Caribbean – https://www.terracaribbean.com/
  3. Caribbean Homes – https://www.caribbeanhomes.net/
  4. Coldwell Banker Barbados – https://www.coldwellbanker.bb/
  5. Sotheby’s International Realty – https://www.sothebysrealty.com/eng/sales/barbados

Qualifications and Licenses

for Estate Agents in Barbados

In Barbados, estate agents are required to be licensed by the Barbados Real Estate Society (BRES). Agents must have a good reputation and be in good standing with BRES to practice as an estate agent. They are also required to complete regular continuing education courses in order to maintain their license.

Breakdown estate agent fees in Barbados

Estate agent fees in Barbados typically range from 3% to 7% of the sale price of the property. The fees may vary depending on the type of property, the location, and the services provided by the agent. It is important to agree on the fees upfront before signing a contract with an estate agent.

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Other Resources for Finding Property in Barbados

There are several sources of information on properties for sale in Barbados apart from estate agents:

  1. Property websites such as Rightmove, Zoopla, and other online real estate portals.
  2. Expat websites such as Expat.com and InterNations which offer information on living and buying property in Barbados.
  3. Newspapers such as the Barbados Advocate and the Daily Nation which may have property listings and advertisements.
  4. Magazines such as Caribbean Property Magazine and Invest Caribbean Today which are dedicated to real estate in the Caribbean region.
  5. Word of mouth – talking to local residents, friends, and family members who may have information on properties for sale.

Use of Buyer’s Agent in Barbados

The use of a buyer’s agent is not common in Barbados. However, a Buyer’s Agent can help the buyer navigate the process of buying a property, assist with negotiations, and provide valuable insights into the local real estate market.

There is no specific qualification or license required for Buyer’s Agents in Barbados. However, it is recommended that you choose an experienced and reputable agent to represent you. The cost of a Buyer’s Agent varies and may depend on the services offered. It is recommended to discuss the fees and services offered before engaging a Buyer’s Agent.

Organizations for Foreign Property Buyers in Babados

There are no specific organizations for foreign property buyers in Barbados. However, the Barbados Real Estate Society (BRES) is a professional organization for real estate agents in Barbados that can provide information and assistance to foreign buyers.

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