The Bahamas has a problem with foreign appraisers. They are not licensed to practice real estate appraisal in the country. Tyler Technologies, a US-based company, is involved in mapping and revaluing properties in New Providence. They are breaking the law and should be put on notice. A licensed Bahamas appraiser must do all appraisal work.
A Bahamas appraiser must be licensed by the Bahamas government and be registered in their organization. They must also have knowledge of the real estate market, including current prices and trends in the residential and commercial sectors. The Bahamas Real Estate Association is pushing for a new real estate law that will stiffen the penalties for those who operate illegally in the country.
The Government’s objection to the Bahamas appraiser has been widely publicized. The Minister of Economic Affairs, Michael Halkitis, advised people to appeal reassessed real property taxes. Eyewitness News recently reported on a group of Paradise Island condominium owners who received tax bills of up to 400 percent above the assessed value. In order to make the process work, the Bahamas government must first conduct a comprehensive appraisal of the property.
John McGregor is a seasoned Bahamas appraiser and former president of the Nassau Rotary Club. He has served as the Bahamas Real Estate Association’s Appraisers Committee and is certified by the International Real Estate Institute (IREI). He is also a member of the International Real Estate Association. At Coldwell Banker Lightbourn Realty, he has extensive connections within the real estate industry. Besides selling homes, he also owns a liquor store and a marina.
Licensed Bahamas appraisers can provide a range of services. From residential appraisals to commercial appraisals, an appraiser can help you make the best decisions for your property. They can also help you determine the fair market value of the property. If you are planning to sell your property, an appraiser will be able to provide you with an accurate appraisal.
A Bahamas appraiser should be familiar with the local laws and regulations regarding real estate appraisal. In addition, he should have experience in dealing with the Bahamas’ legal system. This can help you make informed decisions about the sale of your Bahamas property. There are several appraisers on the islands that specialize in real estate appraisal.
A licensed Bahamas appraiser is essential for selling property and buying a vacation home. He must know local laws and regulations and have a keen eye for detail. bahamas appraisers An appraiser must be able to satisfy the client’s wishes. If you want your Bahamas property to appraise for more than what you paid for it, a Bahamas appraiser can help you with that.