Foreign Buyers Keep Overlooking These 3 Crucial Steps

Every year, foreign buyers get tripped up in The Bahamas by skipping a few basic but critical steps. These aren’t optional. Miss them, and you’ll delay or even derail your purchase.

1. Skipping the International Persons Landholding Permit

If your property is over 2 acres or for commercial use, you need a permit. Too many foreign buyers ignore this until the last minute — and the red tape slows everything down.

2. Not Using Bahamian Attorneys for Title Searches

That lawyer back home can’t help you here. Bahamian title searches are essential to avoid encumbrances, unpaid taxes, or disputes. Without it, you could buy someone else’s problem.

3. Forgetting About Currency Exchange & Transfers

You’re moving large sums across borders — timing matters. A bad exchange rate or delayed transfer can cost thousands and jeopardize closing.

“Foreign buyers often underestimate how local law, banking, and timing collide. It’s not complicated when you have the right team — but it’s painful if you don’t.” — Matt Sweeting

The Bottom Line

These 3 steps make or break a foreign purchase. Skip them, and you’ll lose time, money, and maybe the property.

Ready to Get the help of our expert team in exploring Bahamas Luxury Real Estate. Send an email now to matt@remaxbs.com