The Road To Ownership
With so many exceptional properties for sale in Antigua & Barbuda, it can be hard to know where to start and what kind of property and location will be the perfect fit for you. But whether you are looking to start a new life in the Caribbean or simply set yourself up a holiday home, Luxury Locations would love to help you on your journey in purchasing real estate in Antigua & Barbuda.
Our process is unlike any other real estate agency on the island and our customer service is unrivalled.
The Luxury Locations Buyers Guide:
Step 1 - Contact
If you are unsure of the location or the specific property requirements you think you need the first step is to have a look at our website and YouTube channel to get an idea of who we are and what we offer. If you don’t fancy that, just get in touch and set up a no obligation call with one of our team. We have extensive knowledge of the area and the properties available. Our advice and knowledge is invaluable and can make your real estate journey totally stress free and even, dare we say it, enjoyable!
Step 2 - Research
After we find out how you like to live, the budget you have, and some of the things that are essential for your ideal property, we will send you a list of all the properties we think might meet your requirements for you to review and then narrow it down to the ones you like the best. This way we don’t waste our time or more importantly, yours.
Step 3 - Property Tours
We will tailor an island property tour for you that coincides with when you’re arriving on island. Due to our extensive contacts with other agents, we are able to show you everything the island has to offer, not limited to our own listings. This way you get to see it all, in one hit. Also, spending time traveling around the island is a great opportunity for you to ask all the questions you may have and we can tell you exactly what it’s like living and enjoying Antigua.
Step 4 - The Offer
You can then submit an offer and we will negotiate on your behalf, ensuring you the best possible deal for your money. Once the offer is accepted, a deposit will be needed to reserve the property; usually this is five percent of the property price.
Step 5 - Legals
Now come the all-important legalities for which we can put you in touch with a reputable lawyer. Their fee is between one and two percent of the purchase price, half of which will be required upfront. The seller’s lawyer will then draw up a draft contract. Once both parties are happy with the fine print, a 10 percent deposit of the property price is due (minus the reservation deposit already paid). That will be held safely in an escrow account.
Step 6 - Licenses
Non-nationals buying a home need a non-citizen’s licence which our recommended lawyers can handle for you. It costs seven percent of the purchase price and can take up to three months to acquire but it’s a pretty seamless process and ninety nine percent of applicants are approved. Stamp Duty of two point five percent is paid on closing.
Step 7: Return on Your Investment
The remaining 90 percent of the property price is owed upon completion of the deal. Once paid, title deeds will be transferred, making you the official owner. Now all that’s left for you to do is settle in and enjoy your new home. Or, for maximum return on your investment, enter it into the rental programme and allow our sister company’s Villa Management and Tailor Made Antigua to manage and market it for you.
Step 8 - Citizenship By Investment
For the savvy investor, a second passport can spawn a wealth of advantages including visa-free travel and international tax planning. While other jurisdictions offer something comparable to Antigua & Barbuda’s Citizenship By Investment Scheme, few make it as speedy, seamless or affordable as our twin island paradise and our friendly and professional team can guide you through every step of the process.
Based in Antigua & Barbuda, with associated agencies across the Caribbean, Luxury Locations is perfectly situated to find you the right property for your needs. Though the majority of our property listings are located on the dual island nation of Antigua & Barbuda, if we don't have what you are looking for in our current listings, then do get in touch, tell us what you're looking for and we will do our very best to find you your dream home in paradise.
The buying process is slightly different on each island across the archipelago, each having variations in processes and procedures as well as costs, which is why our knowledgeable team will be there to guide you through the buying process ensuring you have all the up to date information on property taxes, conveyancing fees, visa requirements, rental returns and more.
In the meantime you can find buying guides for each of the islands right here on our website, to give you an overview of the process, costs and an understanding of the legal requirements for purchasing property in each particular Caribbean jurisdiction.
