Sell in Cayman
How your agents determine a price.
RE/MAX Sales Associates use a variety of means to determine the market value of your property. We take into account the following factors:
- Location: the single greatest factor in determining the price is location.
- Condition: property condition directly affects the price and speed of the sale. A well staged home can result in a quicker sale & higher sales price.
- Competition: buyers will see several properties and compare them. Does your property stand out?
- Timing: Like any market the Cayman Islands Real Estate market moves in cycles. Have you considered a marketing strategy and pricing plan that takes into consideration the current market conditions, trends etc.
- Final Price: in the end it's the market place that will determine the price. We as real estate agents will use all of our experience and data to calculate where we think the property will trade but ultimately the market may feel that the price should be higher or lower.
Receive Maximum Exposure for your property
We believe the more people aware of your property, the more offers you will receive! Therefore, we get to work 'exposing' your property to the widest audience possible.
We begin by immediately listing your property on CIREBA. Your listing is also immediately added to the RE/MAX website in addition to the websites of our RE/MAX Sales Associates.
Our Sales Associates customize your marketing plan for your property taking into consideration your target market. They have a variety of marketing options which include; agents personal websites, newspaper advertising, additional roadside signage, social media marketing through a variety of networking sites, hosting an Open House to showcase your property, adding your listing to our company newsletter, just to name a few.
Many people believe that newspaper advertising alone sells real estate. Studies show that in fact, buyers come from a variety of places. A large percentage of buyers begin their search on the internet especially overseas investors who are looking for a 'home away from home' in the Cayman Islands. However, not all web sites are the same. Our web site has been created to be user-friendly, offering potential buyers an easy way to search and compare properties. What this means for the seller is that not only will prospective buyers be visiting our site in large numbers they will actually be able to find your property easily, again giving your property maximum exposure. In addition to this, we include a feature property section on our homepage that allows each agent to showcase your property at a glance.
We at RE/MAX Cayman Islands have created a web site with our customers and clients in mind.
Many buyers are alerted to the property they ultimately choose by a real estate professional. For the most part, all major brokerages and their sales agents in the Cayman Islands are members of a regulatory organisation called the Cayman Islands Real Estate Brokers Association (CIREBA). We inform the entire CIREBA community about your property within 72 hours of listing your property.
Maximize your homes potential
Often, simple cosmetic changes can be made with minimal time and expense. Buyers will be comparing competing properties. So here are a few practical tips to help yours stand out above the rest.
First impression counts - a lot. The front of your home is the first thing buyers see. Some buyers have been known to stop at the front door and walk back to the car if they are turned off. That means making sure your lawn is freshly mowed, perhaps adding a few flowers and shrubs in the front garden. A coat of paint on the outside can't hurt either.
Declutter and Minor Repairs
I know you've seen those reality shows where the hoarders have junk packed to the ceilings. I know this isn't you. But perhaps you don't always vacuum every day and the house isn't necessarily as pristine as it could be. Perhaps you haven't found the time to repair the broken rain gutter or replace the rusty front door handle. The improvements you make do not need to be expensive, and can be a quick and easy way to make your house shine to a prospective buyer.
Depersonalize Your Home
Pictures of your kids and grandkids are cute, but not to all buyers. Buyers want to be able to imagine living in your house. That means visualizing sitting on your comfy couch watching your big screen TV with a huge tub of popcorn. Just like you. So take away anything that will remind them that they're just visiting. You want them to linger awhile. Don't spoil the illusion.
Staging Your Home
Your agent (or even a professional home stager) can help you rearrange things in the house to make its appearance more attractive. It could be worth it, but it can also be expensive. However, if it's a slow market, your home has an odd layout, or your furniture is from a tattoo parlour (not that there's anything wrong with that) staging your home may be the answer.
Closing Cost - Seller
CIREBA COMMISSION RATES:
Commissions charged to the seller(s) by Members shall be those set by CIREBA. Such charges shall be paid to the Listing Broker Member on the gross selling price. Commission rates are based on the gross listing price in the Listing Agreement. The commission structure to be used is as follows which applies to US or CI dollars.
Price $9,995,000 and over - 4%
Price $995,000 to $9,994,999 - 5%
Price $495,000 to $994,999 - 6%
Price $95,000 to $494,999 - 7%
Price $94,999 or under - 10%
Business - 10%