5 Mistakes Bahamian Buyers Make When Rushing to Buy Now
- REMAX Bahamas
- Sep 8
- 2 min read
Buying a home in The Bahamas is exciting — but let’s be real, excitement makes people sloppy. Too many buyers jump into the process without a plan and end up with regrets (and a lighter bank account). If you’re serious about buying now, here are the mistakes you absolutely want to avoid.
Skipping Prequalification Walking into showings without a bank letter is like showing up to a wedding without an invite. Sellers won’t take you seriously, and the best homes will be gone by the time you’re “waiting on the bank.”
“The fastest way to lose a deal in today’s market is to shop without prequalification. Serious buyers come prepared.” — Matt Sweeting
Ignoring the Hidden Costs VAT, insurance, legal fees, appraisal fees — the list doesn’t stop at the down payment. Too many buyers focus on the sale price and forget the extras that push them over budget.
Believing Every Listing Price Is Final This isn’t the grocery store — prices are negotiable. But here’s the flip side: some properties are intentionally underpriced to spark a bidding war. If you don’t know the difference, you’ll either overpay or get left behind.
Overlooking Location Trade-Offs That “dream” house might be in a flood zone, down a traffic-heavy road, or far from schools. Location is everything in Nassau — don’t let cheap price tags blind you to long-term headaches.
Trusting “Friend of a Friend” Over a Licensed Agent
Your cousin’s friend may “know a guy” selling a house, but without proper representation, you’re gambling with hundreds of thousands of dollars. Licensed brokers are legally obligated to protect your interest. Your buddy’s friend? Not so much. Buying now in The Bahamas doesn’t have to be risky — but rushing in without preparation is a recipe for failure.
Avoid these 5 mistakes, and you’ll be miles ahead of the average buyer.
Ready to buy now? Start now by Getting Prequalified and then Start Searching for your Perfect Property Now Message us today and we’ll connect you with lenders, prep you for hidden costs, and get you ahead of the pack before your dream home disappears.