Financial Preparation

• Determine your total investment budget (property + transaction costs + reserves)
• Consider currency implications (BSD pegged to USD simplifies for Americans)
• Evaluate financing options (local vs. U.S./Canadian financing)
• Set up international wire transfer capabilities with your home bank
• Consider opening a Bahamian bank account (required for local financing)
• Evaluate tax implications in both the Bahamas and your home country
• Assess property insurance costs, especially hurricane coverage
• Budget for ongoing maintenance, which can be higher in tropical climates

Market Research

• Identify target islands based on investment goals (rental income vs. personal use)
• Research neighborhood-specific price trends and rental yields
• Join online forums for Bahamas property investors and expats
• Subscribe to local real estate listings and market reports
• Analyze tourist arrival statistics for potential rental destinations
• Research airlift capacity to your target islands (critical for rental potential)
• Evaluate infrastructure quality (roads, utilities, internet) in target areas
• Plan a preliminary market visit to assess locations firsthand

Professional Network Development

• Connect with Bahamian attorneys specializing in foreign real estate purchases
• Identify reputable real estate agents with experience serving international clients
• Research property management companies in your target islands
• Establish contact with Bahamian banks if local financing is desired
• Find reputable insurance providers familiar with foreign-owned properties
• Connect with building inspectors for property assessments
• Consult with tax advisors familiar with Bahamas investments
• Identify reputable contractors if renovations or new construction are planned

Expert Tip: The Bahamas real estate market has distinct seasonal patterns tied to North American tourist seasons. Winter (December-April) typically sees the highest property viewing activity and premium pricing, while summer and fall (May-November, hurricane season) often present better negotiating opportunities with motivated sellers. However, this varies by island—Nassau and Paradise Island maintain activity year-round, while Out Islands experience more pronounced seasonality.

Recent Regulatory Change: The Bahamas has enhanced its regulatory framework for corporate entities to meet international transparency standards. As of 2022, all Bahamian corporate entities must maintain registers of beneficial ownership and submit annual filings. While these changes have increased compliance requirements, they have also strengthened the reputation of Bahamian corporate structures as legitimate vehicles for property ownership rather than tax evasion tools.

Banking Setup

• Bahamian Bank Account Options:
  • Commercial banks: RBC Royal Bank, Scotiabank, FirstCaribbean (CIBC), Fidelity Bank
  • Private banking: Available for higher net worth individuals (typically $250,000+ relationship)
  • Investment accounts: Available through various financial institutions for securities and investments
• Typical Requirements:
  • Passport and secondary identification
  • Proof of address (utility bills, bank statements)
  • Bank reference letters
  • Professional reference letters
  • Source of funds documentation
  • In-person appointment (required by most banks)
• Account Features:
  • Multi-currency accounts available (USD, BSD, CAD, etc.)
  • Online banking services
  • International wire transfer capabilities
  • Credit and debit cards available to account holders
• Alternative Approach: Many foreign investors complete property transactions without a Bahamian bank account by using attorney escrow accounts for closings and accepting rental income to foreign accounts. This simplifies the process but may limit local financing options.

Financing Options

While cash purchases are common among foreign investors (approximately 70% of foreign purchases), financing options include:

1. Bahamian Mortgages for Foreign Buyers:
   • Availability: Major Bahamian banks offer mortgages to qualified foreign buyers
   • Deposit Requirements: Typically 30-40% for foreign buyers
   • Interest Rates: 7-9% (higher than North American rates)
   • Term: Typically 15-20 years maximum
   • Income Requirements: Debt service ratio typically 30-35% of income
   • Documentation: Extensive, including income verification, credit history, and references
   • Process Time: 45-90 days after full documentation
2. Developer Financing:
   • Available for some new developments and pre-construction purchases
   • Terms vary widely (typically 3-5 years)
   • Usually requires 30-50% down payment
   • Generally higher interest rates than bank financing
   • More flexible qualification criteria
3. Seller Financing:
   • Occasionally available, particularly in Out Islands
   • Terms negotiated directly with property seller
   • Typically shorter term (5-10 years) with balloon payment
   • Can offer creative financing solutions
4. Home Country Financing:
   • U.S./Canadian equity lines of credit or second mortgages
   • Portfolio loans against investment accounts
   • Specialty lenders focused on international properties
   • Often more favorable rates than Bahamian financing
   • No Bahamian banking relationship required

Currency Considerations

The Bahamian Dollar (BSD) is fixed at a 1:1 parity with the US Dollar (USD), eliminating currency fluctuation risk for American investors. Key currency considerations include:

• USD/BSD Interchangeability:
  • US dollars are accepted throughout the Bahamas
  • Property transactions can be conducted in USD
  • No currency exchange fees or spreads for USD transactions
  • Bank accounts available in multiple currencies
• For Canadian Investors:
  • CAD/USD exchange rates impact effective property costs
  • Consider currency hedging strategies for large purchases
  • Potential to hold rental income in USD as a currency diversification strategy
  • Currency exchange services available through Canadian and Bahamian banks
• Banking Considerations:
  • International wire transfers typically $25-50 per transaction
  • Regular transfers can be set up for property expenses
  • Credit cards widely accepted for daily transactions
  • ATM withdrawals available but may incur fees

The currency stability between USD and BSD eliminates a major risk factor present in many international real estate markets, making the Bahamas particularly attractive for American investors. Canadian investors should monitor CAD/USD exchange rates as part of their investment strategy.

Property Search Resources

• Online Property Portals:
  • Bahamas.com Real Estate – Official tourism site with property listings
  • Bahamas Realty – Major agency with comprehensive listings
  • Sotheby’s International Realty – Luxury property specialists
  • Damianos Sotheby’s – Strong coverage of multiple islands
  • Bahamas Real Estate Association (BREA) – Official association site
• Real Estate Agencies:
  • Nationwide: Bahamas Realty, Damianos Sotheby’s, Engel & Völkers, Coldwell Banker
  • Nassau/Paradise Island: H.G. Christie, Mario Carey Realty, Better Homes & Gardens MCR
  • Out Islands: Island Living Real Estate (Exumas), Abaco Estate Services, Eleuthera Properties
  • Note: Unlike North America, most Bahamian agents represent the seller; buyer’s agents are less common
• Developer Direct Offerings:
  • Major resort communities like Albany, Baha Mar, and Ocean Club Estates
  • New condo developments often have sales offices with models
  • Pre-construction opportunities with potential discounts
• Other Resources:
  • Local Bahamian newspapers (Nassau Guardian, Tribune) for listings
  • Expat forums and social media groups
  • Networking with existing property owners
  • Bank foreclosure listings (less common but occasional opportunities)

Property Viewing Trip Planning

Given the archipelago nature of the Bahamas, viewing trips require careful planning:

1. Pre-Trip Research:
   • Identify target islands and properties before arrival
   • Contact agents and schedule viewings in advance
   • Research inter-island transportation if visiting multiple islands
   • Allow for weather/transportation contingencies
   • Arrange meetings with attorneys, bankers if needed
2. Trip Logistics:
   • Plan at least 3-4 days per island being considered
   • Consider high/low season timing (prices vs. weather trade-offs)
   • Allow time to explore neighborhoods beyond property viewings
   • Budget for inter-island flights or boat charters if necessary
   • Rent a car on larger islands for independent exploration
3. During Viewings:
   • Take detailed photos and videos, including surrounding areas
   • Ask about utilities and infrastructure reliability
   • Inquire about homeowners’ association fees and rules
   • Verify beach access and rights where applicable
   • Check cellular reception and internet availability
   • Note proximity to important amenities (grocery stores, restaurants, medical facilities)
4. Post-Viewing Assessment:
   • Visit properties at different times of day if possible
   • Meet with neighbors if available
   • Speak with property managers about rental potential
   • Discuss preliminary legal and financial considerations with professionals
   • Evaluate how properties compare to your initial criteria

For Out Islands (islands beyond New Providence/Paradise Island), consider logistics carefully as flights may operate only a few times per week, and accommodations can be limited during high season.

Property Evaluation Criteria

Assess potential investments using these key criteria specific to the Bahamas:

• Location Factors:
  • Proximity to beaches (beachfront, ocean view, beach access)
  • Airlift to the island (direct flights from major North American cities)
  • Distance from town centers and amenities
  • Elevation (important for hurricane and flooding considerations)
  • Tourism traffic in the area (crucial for rental performance)
  • Proximity to marinas for boating-oriented properties
• Building Quality:
  • Hurricane-resistant construction methods and materials
  • Age and condition of property
  • Quality of windows and doors (impact-resistant for insurance purposes)
  • Generator capacity for power outages
  • Water systems (municipal, well, cistern, reverse osmosis)
  • Evidence of salt air corrosion or mold issues
• Rental Potential:
  • Seasonal demand patterns in the specific location
  • Prior rental history if available
  • Comparable rental rates and occupancy levels
  • Management options for the particular area
  • Short-term rental regulations in the community
  • Amenities attractive to target rental demographic
• Financial Considerations:
  • Price comparison with similar properties (often limited comparables)
  • Property taxes (based on assessed value)
  • Homeowners’ association or community fees
  • Insurance costs (including hurricane and flood coverage)
  • Utility expenses (electricity is particularly expensive)
  • Maintenance requirements in tropical marine environment

Expert Tip: While beachfront properties command premium prices and strong rental demand, they also face higher insurance costs, maintenance requirements, and potential erosion concerns. Many experienced investors opt for properties with ocean views but set back from the shoreline, balancing rental appeal with lower operating costs and reduced exposure to storm damage. These “second row” properties often offer better long-term value, particularly in hurricane-prone areas.

Legal Due Diligence

• ✓
  Title Verification: Confirm ownership and identify any restrictions, covenants, or claims
• ✓
  Title Search: Verify registered ownership, typically going back 30+ years
• ✓
  Real Property Tax Verification: Confirm tax status and absence of arrears
• ✓
  Permits and Approvals: Verify all construction and development permits are in place
• ✓
  Survey Review: Confirm property boundaries and identify any encroachments
• ✓
  Easements and Rights of Way: Identify any third-party rights over the property
• ✓
  Association Documents: Review HOA bylaws, financial statements, and restrictions
• ✓
  Government Approvals: Verify Investment Board and Central Bank approvals if required

Physical Due Diligence

• ✓
  Property Inspection: Commission comprehensive inspection by qualified building inspector
• ✓
  Hurricane Resistance: Evaluate construction quality, roof system, impact windows
• ✓
  Water Systems: Assess water source, quality, pressure, and storage capacity
• ✓
  Electrical Systems: Evaluate wiring, panel capacity, generator (if present)
• ✓
  HVAC Systems: Test air conditioning efficiency and condition
• ✓
  Environmental Concerns: Check for erosion, flooding potential, proximity to wetlands
• ✓
  Pest Assessment: Inspect for termites, rodents, and other tropical pests

Financial Due Diligence

• ✓
  Comparable Market Analysis: Verify price aligns with recent comparable sales
• ✓
  Rental Market Research: Confirm realistic rental expectations with local management companies
• ✓
  Insurance Quotes: Obtain detailed insurance quotes including hurricane coverage
• ✓
  Utility Cost Assessment: Evaluate historical electricity, water, and other utility expenses
• ✓
  Property Tax Verification: Confirm current and future property tax obligations
• ✓
  HOA Financial Review: Assess association financial health and upcoming assessments
• ✓
  Future Expenses: Budget for major maintenance items (roof, HVAC, etc.)

Expert Tip: Homeowners’ associations in the Bahamas operate somewhat differently than in North America, with varying levels of formality and enforcement. Always request the last 2-3 years of association financial statements, meeting minutes, and a copy of all governing documents. Pay particular attention to reserve fund adequacy, as many associations maintain minimal reserves, potentially leading to substantial special assessments when major repairs are needed. This is especially important in oceanfront communities where infrastructure faces accelerated deterioration due to salt exposure.

Offer and Negotiation

1. Make an Offer: Typically done through a formal Offer to Purchase document
2. Negotiation: Price, terms, and included items are negotiated
3. Deposit: Upon acceptance, 10% deposit typically held in escrow by attorney
4. Sales Agreement: Formal contract prepared by attorneys

Unlike in many North American markets, offers in the Bahamas are typically more formal from the beginning, often drafted by attorneys rather than using standard realtor forms. The purchase agreement becomes binding once signed by both parties and the deposit is paid, though it typically contains due diligence contingencies allowing the buyer a period to complete investigations before becoming fully committed.

Conveyancing Process

1. Engage Attorney: Buyer and seller typically have separate legal representation
2. Due Diligence:
   • Title search conducted (30+ years back)
   • Property inspections scheduled
   • Survey review or new survey commissioned
   • Association documents reviewed
   • Permits and approvals verified
3. Government Approvals:
   • Application to Investments Board for Certificate of Registration
   • Central Bank approval if required (typically for commercial properties)
   • Approvals typically take 2-4 weeks
4. Financing (if applicable):
   • Bank appraisal conducted
   • Loan documentation prepared
   • Mortgage terms finalized
5. Pre-Closing Review:
   • Final review of all documents
   • Preparation of conveyance documents
   • Calculation of closing costs and pro-rations
   • Review of government approvals
6. Closing:
   • Conveyance documents signed by both parties
   • Balance of purchase price paid
   • Keys and possession transferred to buyer
7. Post-Closing:
   • Payment of stamp duty by buyer’s attorney
   • Recording of conveyance at Registrar General’s Department
   • Transfer of utilities and services
   • Property tax transfer notification

The timeframe from offer acceptance to closing typically ranges from 60-90 days for a straightforward transaction, though it can be longer for complex cases or if government approvals are delayed. Cash transactions can sometimes close more quickly, while financing typically requires additional time.

Transaction Costs

Budget for these typical transaction expenses:

• Stamp Duty:
  • 2% on properties up to $100,000
  • 4% on properties from $100,001 to $250,000
  • 6% on properties from $250,001 to $500,000
  • 8% on properties from $500,001 to $1,000,000
  • 10% on properties over $1,000,000
  • Paid by the buyer (reduced rates available for first-time Bahamian homebuyers only)
• Legal Fees: 2.5% of purchase price for buyer’s attorney (minimum $2,500)
• Real Estate Agent Commission: 6% typically paid by seller
• VAT: 10% added to legal and commission fees
• Property Inspection: $400-1,000 depending on property size
• Survey Costs: $1,500-5,000 if new survey required
• Recording Fees: $4.50 per page of conveyance documents
• International Wire Fees: $25-75 per transaction
• Certificate of Registration: $295 government fee for registration of foreign purchase

Total transaction costs for foreign buyers typically range from 11-15% of the purchase price, with stamp duty representing the largest component. These costs should be factored into your overall investment calculations.

Expert Tip: For foreign buyers unable to be present in the Bahamas for closing, options include either granting a Power of Attorney to your Bahamian attorney to sign documents on your behalf or arranging a “mail-away” closing where documents are sent internationally for signature. If choosing the Power of Attorney route, this document must be properly notarized and apostilled in your home country. Plan ahead, as international document handling can add 2-3 weeks to the process.

Administrative Tasks

• ✓
  Property Tax Registration: Ensure property is registered in your name with the Real Property Tax Department
• ✓
  Utility Transfers: Connect electricity (Bahamas Power & Light), water, and other utilities
• ✓
  Insurance: Secure property insurance including hurricane, liability, and flood coverage
• ✓
  Communications: Arrange telephone, internet, and cable services
• ✓
  HOA Registration: Register with homeowners’ association and set up payment methods
• ✓
  Banking Arrangements: Establish payment methods for ongoing expenses
• ✓
  Residency Application: File for residency if qualified and desired

Ongoing Compliance

Maintain compliance with Bahamian requirements:

• Annual Property Tax Payments:
  • Due by March 31st each year
  • Residential rates:
    • Properties valued under $250,000: Exempt (recent change)
    • Properties valued $250,001-$500,000: 0.625%
    • Properties valued $500,001-$5,000,000: 1%
    • Properties valued over $5,000,000: 2%
  • Owner-occupied discounts available (requires declaration)
  • 10% early payment discount if paid by March 31st
• Property Insurance Renewal:
  • Annual policy renewal (typically more expensive than North America)
  • Hurricane coverage essential but expensive
  • Consider bundling with liability insurance
  • Update coverage values regularly to reflect replacement costs
• Residency Compliance (if applicable):
  • Maintain conditions of residency permit
  • Renew annual permits before expiration
  • Report changes in circumstances if required
  • Track time spent in the Bahamas if relevant for tax purposes
• Corporate Obligations (for company ownership):
  • Annual company filings
  • Government fee payments
  • Maintain registered agent
  • Beneficial ownership reporting compliance

Property Security & Maintenance

Managing a property in the Bahamas, particularly one that isn’t occupied full-time, requires specific considerations:

• Security Measures:
  • Install and maintain security systems with remote monitoring
  • Consider hurricane shutters or impact windows
  • Arrange regular property checks during absences
  • Security lighting and cameras
  • Gated community advantages for part-time residents
• Tropical Climate Maintenance:
  • Regular HVAC maintenance to prevent mold issues
  • Dehumidification during vacant periods
  • Salt air corrosion prevention for metal components
  • Landscaping maintenance (accelerated growth in tropical climate)
  • Pool maintenance (typically weekly)
• Hurricane Preparation:
  • Develop storm preparation protocol with property manager
  • Maintain current inventory for insurance purposes
  • Identify secure storage for outdoor furniture
  • Establish emergency contact procedures
  • Consider generator maintenance for power outages
• Service Providers:
  • Establish relationships with local tradespeople
  • Consider annual service contracts for critical systems
  • Set up payment methods for service providers
  • Create emergency contact list for property issues

The tropical marine environment of the Bahamas accelerates wear on buildings and systems. Budget for higher maintenance costs than similar properties in mainland North America, with most experts recommending an annual maintenance budget of 2-3% of property value, compared to 1-2% for comparable mainland properties.

Expert Tip: Consider establishing a local mail service that can receive, scan, and forward important correspondence related to your property. Government agencies, utility companies, and homeowners’ associations in the Bahamas still communicate primarily through physical mail. Services like Mailboxes Etc. or PostBoxxes offer mail forwarding and digital scanning services, ensuring you don’t miss important communications or payment due dates while away from your property.

Bahamian Tax Obligations

The Bahamas offers a favorable tax environment with:

• No Income Tax: The Bahamas does not impose income taxes on individuals or corporations
• No Capital Gains Tax: No tax on property appreciation upon sale
• No Inheritance or Estate Tax: No death duties or succession taxes
• No Withholding Tax: No taxes on dividends, interest, or royalties
• Real Property Tax: Annual tax based on assessed property value (primary ongoing tax obligation)
• Value Added Tax (VAT): 10% on most goods and services, including professional fees
• Stamp Duty: One-time tax paid at property acquisition (discussed in Transaction Costs)

Foreign property owners should focus primarily on ensuring annual Real Property Tax payments are made on time to avoid penalties and interest. Tax bills are typically mailed to the property address or can be accessed online through the Bahamas Tax Department website.

Home Country Tax Obligations

While the Bahamas does not tax rental income or capital gains, your home country will typically do so. Understanding both sides of the tax equation is essential for effective planning. The absence of income tax in the Bahamas means there are no foreign tax credits available to offset home country taxation, making tax planning more challenging than in jurisdictions with tax treaties.

Tax Planning Strategies

• Ownership Structure: Evaluate whether personal, corporate, LLC, or trust ownership optimizes tax position
• Expense Documentation: Maintain meticulous records of all allowable expenses to maximize deductions
• Property Use Classification: Classification as investment vs. personal-use impacts available deductions
• Depreciation Strategy: Consider depreciation implications in both purchase and eventual sale
• Residency Planning: For significant investments, consider how Bahamas residency might affect overall tax picture
• Rental Activity Level: Classification as passive investment vs. active business affects tax treatment
• Inheritance Planning: Bahamian property creates unique estate planning challenges for North Americans
• Exit Strategy: Consider tax implications of different disposal methods (direct sale vs. entity sale)

Tax rules change frequently and vary significantly based on individual circumstances. Consultation with tax professionals experienced in both your home country taxation and Bahamian investments is essential for developing an effective tax strategy.

Expert Tip: U.S. investors should be particularly careful with corporate ownership structures. While Bahamian International Business Companies (IBCs) can offer liability protection and privacy benefits, they may be classified as Passive Foreign Investment Companies (PFICs) or Controlled Foreign Corporations (CFCs) by the IRS, triggering complex reporting requirements and potentially unfavorable tax treatment. Have your tax advisor evaluate any proposed ownership structure before implementation to avoid costly surprises.

Selecting a Property Manager

Evaluate potential property managers using these criteria:

• Island-Specific Experience:
  • Experience managing similar properties on your specific island
  • Understanding of local market dynamics and pricing
  • Established relationships with local service providers
  • Knowledge of island-specific challenges (infrastructure, weather patterns)
• Company Infrastructure:
  • Sufficient staff to handle emergencies
  • Office location relative to your property
  • Technology platforms for bookings and reporting
  • Backup systems for power and internet outages
• Rental Marketing Capabilities:
  • Distribution channels and booking platforms used
  • Photography and listing quality
  • Pricing strategy and revenue management approach
  • Guest screening policies
• Communication Practices:
  • Reporting frequency and detail
  • Availability to international clients across time zones
  • Emergency notification protocols
  • Owner portal or software platform
• Financial Management:
  • Payment processing methods
  • Reserve handling procedures
  • Bill payment services
  • Financial reporting detail and frequency
• Hurricane Procedures:
  • Storm preparation protocols
  • Post-storm assessment process
  • Emergency response capabilities
  • Disaster recovery experience

Management Agreement Essentials

Ensure your property management contract includes these key elements:

• Scope of Services: Detailed description of exactly what is included and excluded
• Fee Structure: Clear explanation of all management fees, commissions, and additional charges
• Term and Termination: Contract duration and termination procedures
• Performance Standards: Expected service levels and response times
• Reporting Obligations: Type and frequency of financial and condition reports
• Maintenance Authority: Spending limits for repairs without prior approval
• Rental Terms: Minimum rates, booking policies, and commission structures
• Owner Use Provisions: Procedures and notice periods for owner stays
• Insurance Requirements: Coverage expectations and liability boundaries
• Hurricane Protocols: Responsibility and procedures during storm threats
• Client Fund Handling: How rental deposits and income are processed and secured

Request references from current clients, particularly other foreign owners, before signing with a property management company. This provides valuable insights into how they handle properties for remote owners in practice, beyond contract promises.

Expert Tip: Consider engaging separate companies for property management and rental management, particularly for high-value properties. This creates a system of checks and balances, with the property manager overseeing the rental manager’s performance. While this approach involves some additional cost, it can significantly reduce risk by ensuring maintenance issues are identified and addressed promptly, rental revenues are accurately reported, and the property is properly prepared for storm events.

Exit Options

Sale Process

When selling your Bahamian property:

1. Pre-Sale Preparation:
   • Property repairs and cosmetic improvements
   • Professional photography and potentially virtual tours
   • Title verification and resolution of any issues
   • Gather all relevant documents (permits, plans, etc.)
   • Consider seller’s inspection to identify issues proactively
2. Agent Selection:
   • Experience with properties in your specific location
   • International client expertise
   • Marketing capabilities including digital promotion
   • Commission structure (typically 6%)
   • Track record of recent comparable sales
3. Pricing Strategy:
   • Comparative market analysis
   • Consider seasonal pricing adjustments
   • Price in USD (standard for Bahamas luxury market)
   • Balance between attractiveness and value retention
   • Account for negotiation expectations
4. Marketing Period:
   • Professional marketing materials
   • International listing exposure
   • Viewing arrangements for foreign prospects
   • Regular performance assessment
   • Feedback collection and response
5. Negotiation & Closing:
   • Offer evaluation and response
   • Due diligence period management
   • Contract negotiation
   • Closing document preparation
   • Funds repatriation coordination

The Bahamian selling process typically takes 3-8 months from listing to closing, with high-end properties often requiring longer marketing periods. Seasonal considerations are important, with winter months (December-April) typically offering the largest buyer pool for vacation properties.

Market Exit Timing Considerations

Several factors should influence your exit timing decision:

• Market Cycles: The Bahamas luxury market typically follows broader economic patterns in the U.S., with a 6-12 month lag
• Seasonal Patterns: Winter high season typically offers more buyer activity, potentially supporting higher prices
• Currency Considerations: For Canadian sellers, USD/CAD exchange rates can significantly impact effective returns
• Infrastructure Improvements: Major improvements like airport expansions, new marinas, or resort openings can create value spikes
• Hurricane Impacts: Recent severe storms can temporarily depress markets but also create renewal opportunities
• U.S. Tax Law Changes: Modifications to capital gains treatment or other relevant regulations may influence timing
• Competitive Inventory: Supply levels in your specific market segment impact absorption rates and price stability
• Renovation Cycles: Timing sales before major renovation requirements can optimize returns

The Bahamas market traditionally experiences lower volatility than many other resort destinations, but timing still plays an important role in maximizing returns. Working with advisors who understand both the local market and your personal financial picture enables development of a customized exit strategy.

Expert Tip: If selling a property held in a corporate structure, you have two options: selling the property itself or selling the shares of the company. Company share sales can complete more quickly and may offer tax advantages for both buyer and seller, avoiding the 6-10% stamp duty on the property transfer. However, buyers may demand a significant discount to account for potential inherited liabilities or may require extensive due diligence on the company. Consult with legal and tax advisors to determine the most advantageous approach for your specific situation.