201510.22

5 Tips When Buying Or Selling A House In Jamaica From Overseas

by pearnel in Articles

Retain an experienced and competent Attorney-at-Law to protect your investment and represent your interest.

2. Obtain a TaxPayer Registration Number (TRN).

3. Determine your means of financing and, if applicable, obtain pre approval for preferred mortgage provider.

4. Know what you are buying- obtain a title search, land survey and valuation to confirm the parameters and value of the property as well as determining whether there are claims or conflicting interests registered against the property.

5. Receive a statement of account prior to signing the agreement for sale to avoid escalating and additional cost.

At The Law Offices of Pearnel P. Charles II we specialize in providing legal services for individuals residing overseas. Most of our clients reside in the United States, United Kingdom and Canada and they rely on us to be their trusted partner in Jamaica because we understand their unique needs and expectations.

Thomas J

Reply 9 December 2015 - 3:45

Do i need to be Jamaican to purchase land in Jamaica ?

Pearnel P. Charles Jr.
Reply 17 December 2015 - 10:29

No. It is however a requirement for all persons, including overseas residents (Jamaican or otherwise), dealing with property transactions in Jamaica to have a Taxpayer Registration Number (TRN).

We can apply for the TRN on your behalf.

Drew

Reply 13 April 2016 - 2:34

Good advice to be sure you understand exactly what you will be buying. Having all of the information beforehand is going to make the process much smoother.

Derrick Bailey

Reply 27 May 2018 - 1:37

I am buying a property in Ironshore and we are having a difficult time closing.
It is a cash sale which started in November of 2017 and was supposed to close March 2018 it is now May 2018 and we have no anticipated date of closing – we have paid over 50% of the selling price and transferred the balance of the funds to a JA account.
We have been given one excuse after another – I have told my wife to get another attorney, we have tried to get answers from our Realtor but they all seem to think that we are at the mercy of the seller – will you be willing to review and complete the closing – I have no faith in our attorney and the vendor’s attorney is not forthright – Thanks

Footnote:
I told my wife if I anticipated this type of headache I would retire in Florida – This type of lack of accountability really gives one pause about investing in Jamaica

5 Tips When Buying Or Selling A House In Jamaica From Overseas

5 Tips When Buying Or Selling A House In Jamaica From Overseas

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