Rum Cay is a beautiful, quiet Island,
like nothing else in the Bahamas. Visiting there
is like going back in time. The locals live in a
quiet, small community, and the streets are free from
noise and traffic. The rest of the Island is
totally uninhabited, leaving acres of unexplored land
and deserted beaches.
is coming to Rum Cay, but is going to be controlled and organized.
Several major developers from Europe and the United
States are developing large tracks of land into
pages for current developments can be found here.
While real estate transactions in the US are commonly
done through attorneys, realtors, and title insurance
companies, this process is just recently becoming the
norm in the Bahamas. A contributor has been kind enough to provide
the following information:
Most Americans are not aware that Bahamas land laws
are somewhat different than in the United States and the
engagement of local independent Bahamian legal council
is recommended for all purchasers. There is a
tenant in the Bahamas law which requires the Purchaser
to ascertain the Title being supplied by the Seller to
be sound in the judgment of the Purchaser. A Buyer
has to establish the veracity of the Title being
supplied by the Seller, not the Seller transferring good
Title as is required in the United States. This is
totally a Buyer beware, caveat emptor situation.
Thus the Purchaser's need for independent Bahamian legal
council to give an opinion of Title.
International Data Management (IDM) has a very good
article about purchasing land in the Bahamas on their
web site. This is a good location to refer
purchasers for research information and for an overview
of Bahamas land law. This is only an informative
primer and local independent Bahamian council should
still be retained. I am recommending law firms
which are not associated or referred by the Seller. The
use of this procedure would go a long way to stopping
land Title fraud in the Bahamas. Legitimate Sellers and
Purchasers of Bahamas property benefit when Purchasers
receive good Title.
If. you have any questions on title, be
sure to contact a local attorney.
You may also choose to use a Title Company that specializes in Bahamian property
such as International
Data Management, an agent for First
American Title Insurance Company. Their FAQ page
is a good place to start.
IDM has an excellent document detailing
the legal specifics of purchasing
real estate in the Bahamas
that can be downloaded.
If you want more information on
investing in the Bahamas, try this web site: Investment
Incentives in The Bahamas,
and check out their real estate page.
For Questions and Answers about
purchasing land, building, and living in the Bahamas,
Davis's Q and A page.
Look at Bahamas B2B Web page for a listing of
in the Bahamas, or look
sale by owner.
G Christie Real Estate
has many listings in the Out Islands including Rum Cay.
Living Real Estate.
Real Estate will be specializing in Rum Cay
Property. Talk to Craig Pinder.