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Updated by Azure Realty Cayman on Jan 24, 2020
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Azure Realty Blog

Buy, sell or rent Cayman Islands properties with Azure Realty, a Cayman Islands real estate agency with ample local experience & keen awareness of international context.


10 Reasons To Hire A Real Estate Professional

10 Reasons To Hire A Real Estate Professional

#1:  Education & Experience
You don't need to know everything about buying and selling real estate if you hire a CIREBA trained real estate professional who does. Our commission rates are regulated so all CIREBA professional agents/ brokers cost the same. Why not hire a person with more education and experience than you? We're all looking for more precious time in our lives, and hiring pros gives us that time.
 #2:   Agents Are Buffers
Agents take the spam out of your property showings and visits. If you're a buyer, your agent will do their best in finding you the perfect home ticking all or the majority of the boxes on your wish list. If you're a seller, your agent will filter all those emails and phone calls that lead to nowhere from tire kickers and try to induce serious buyers to write an offer immediately in order to get your home SOLD.
#3:  Neighborhood Knowledge
#4:  Price Guidance
#5:  Market Conditions Information

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Buying and selling real estate in the Cayman Islands

Buying and selling real estate in the Cayman Islands

Whether you are buying your primary residence, vacation home, or investment property, the Cayman Islands are an easy and secure place for all real estate transactions. The Cayman Islands operates the Torrens system of land registration, which is also in operation in Canada and Australia, and this system is generally considered to be simple and effective. In addition, there is the so-called “statutory guarantee” of title whereby the Government of the Cayman Islands will pay compensation to any person who suffers a loss due to an error in the Land Register which cannot be rectified. On the basis of this so-called “statutory guarantee”, obtaining title insurance is generally considered unnecessary in the Cayman Islands.
A short conversation with one of our knowledgeable agents can help you understand the process for buying and selling real estate in the Cayman Islands. Generally speaking, the transaction takes place in two stages leading up to exchange of contracts and closing (or “completion”). The form of contract used will set out the terms and conditions of the transaction and the most commonly used contract is the standard agreement promulgated by the Cayman Islands Real Estate Brokers Association (or CIREBA). Closing will occur at exchange of contracts, at which point title to the property is transferred from seller to buyer and recorded at HM Land Registry.

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