Buyer’s guide.

Unlock the door to Caribbean living with RE/MAX Cayman Islands as your trusted guide through this exciting real estate market. This step-by-step Buyer’s Guide is packed with essential insights and expert advice to make your property purchase as smooth as possible.

Why RE/MAX Cayman Islands?

The power of partnering with RE/MAX Cayman Islands is knowing that you are working with the gold standard – the #1 brokerage in Cayman, by sales volume, with a proven track record and decades of experience. We are also a proud member of the Cayman Islands Real Estate Brokers Association (CIREBA).

Our team of over 34 agents is committed to excellence, ensuring you have the support needed for your buyer’s journey. There are no real estate commission fees when using a real estate agent to buy property in the Cayman Islands. The seller pays 100% of the real estate commission. Plus our agents have access to thousands of properties for sale in the Cayman Islands.

Your step-by-step buying guide

1. Define your goals

Before embarking on your real estate journey, establish clear goals. Consider the type of properly you desire, your preferred location, and the purpose of the investment. Is it a primary residence, vacation home or an income-generating property? Doing this bit of groundwork before you meet with an agent will allow you to enter the process with clarity.

2. Pick your RE/MAX agent

Selecting the right real estate agent for you and your needs is key. RE/MAX Cayman Island is home a team of highly experienced professionals who understand the intricacies of the local market. Your agent will guide you through the process, providing valuable insights and ensuring your goals are front of mind from start to finish. Find an agent

3. Define your financial standing

The way to determine a realistic budget for your property is by assessing your financial situation. Consider factors like mortgage pre-approval, down payment, and additional costs such as stamp duty (which is 7.5% in the Cayman Islands) and legal fees. Understanding your financial standing will streamline the property search within your means.

4. Make an offer

Once you’ve found the ideal property, your RE/MAX Cayman Islands agent will assist in crafting a compelling offer. They’ll navigate negotiations on your behalf, considering market conditions and ensuring your offer aligns with both your needs and the seller’s expectations.

5. Close on your home

Finalizing your property purchase is the most exciting part of all! After successful negotiations and acceptance of an offer, the closing process begins. You’ll work closely with your RE/MAX Cayman Islands agent to finalize paperwork, covering all the legal requirements, documentation, and property inspections to ensure a smooth and successful property acquisition. The final step involves the transfer of funds, officially closing the deal and making the property yours.

More buyer’s advice

No legal restrictions

Experience the freedom of property ownership in the Cayman Islands, where there are no legal restrictions on foreign ownership. Whether you’re eyeing up a beachfront condo or a luxurious estate, the process is accessible and straightforward.

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No taxes: Financial advantages for buyers

Revel in the financial advantages of owning property in the Cayman Islands, where there are no direct taxes, including property, capital gains, and income taxes.

Mortgages solutions

Local and international banks offer mortgages on Cayman Islands properties with varying terms and interest rates. Potential buyers can typically secure financing for up to 70-80% of the property’s value, subject to creditworthiness and other factors.

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Immigration and residency

For those considering residency, our guide outlines the various options available, catering to different investment levels. Whether it’s permanent residency or a certificate of direct investment, we detail the requirements and benefits associated with each option, guiding you towards making informed decisions.

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Find your dream home