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TOP 20 REASONS WHY YOU SHOULD INVEST IN THE CAYMAN ISLANDS 15 COMMON REAL ESTATE QUESTIONS: What is CIREBA? The Cayman Islands Real Estate Board Association oversees the 34 broker members that have 168 Realtors. All the brokers and Realtors are a part of the MLS (Multiple Listing System). CIREBA keeps their members up to date with changing laws that pertain to real estate. That means you only need to work with one Realtor instead of calling 10 different real estate agents to see 10 different properties. Who pays the Realtor fees? It is the responsibility of the seller. The seller pays the listing Broker and they split this with another agent if they bring the purchaser. What is stamp duty? Stamp duty is a one-time fee, paid to the government, of 7.5% of the purchase price and this applies across the islands. The stamp duty is paid by the purchaser on the sale of the property minus the value of the used chattels/ furniture. Are properties sold furnished or unfinished? Approximately 95% of all condos and homes are sold furnished. For example, the 7.5% stamp duty is calculated on the price you paid for the property minus the value of the used furniture. For example, if you buy a home for US$500,000 and the furniture is valued at US$22,489, you will then pay stamp duty on US$477,511. 1) Beachfront Condos Priced from US$259,000 Up to US$13,500,000 2)  Government Guarantees Title 3)  No Restriction on Foreign Ownership 4)  Direct Non-stop Flights with Over 55 Flights a Week 5) Located 220 Miles South of Cuba 6)  365 Days of Sunshine, With Temperatures Ranging from 79F to 89F Consistently 7)  Tap Water is Safe to Drink 8)  Clean Air, Safe and Beautiful Powdery Soft Beaches 9)  Clear and Warm Seas for Snorkeling and Diving 10) English Speaking - British Legal System 11)  Over 200 Fabulous Restaurants 12)  Highly Skilled and Cosmopolitan Population 13)  Famous for the Welcoming and CaymanKind Reception 14) Stable Currency Exchange from US$ to CI$ 15)  Properties and Land For Sale in Little Cayman and Cayman Brac for as Low as US$20,000 16)  CIREBA has Over US$1.9 Billion Worth of Properties Listed in All 3 Islands 17)  CIREBA has a MLS With over 1,600 Properties, Land, Condos and Homes 18)  CIREBA has 34 Broker/Members with 162 Real Estate Agents 19) Reliable High Speed Internet 20) No Property Tax WWW.CIREBA.COM


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