Learn more about
Purchasing property in Turks and Caicos
There are no restrictions on foreign ownership of Turks and Caicos real estate. There are also no annual property taxes or capital gains taxes. Purchasing property in TCI is simple and we at Keller Williams TCI are here to make it an enjoyable experience for you.
Once a property is selected, and a price is agreed upon, a Purchase and Sales Agreement is prepared, and an initial deposit of 10% of the Purchase price is lodged with Seller’s Attorney which is held in escrow until closing. On closing the transfer documents are handed over to the Buyer’s Attorney in exchange for the balance of the purchase price. Original signatures are required and signing must be witnessed and signed by a Notary with his /her stamp affixed.
The Buyer’s Attorney then lodges the transfer documents with the Land Registry. The Land Register then deletes the name of the Seller and inserts the name of the Buyer as the new owner of the property giving him or her freehold title to the land. A British Dependent Territory status ensures an accountable legal system with absolute title guaranteed by the Crown.
At the time of registration a one-time stamp duty to government will be payable by the new owner of the property.
Stamp duty is a one-time fee that is payable on all real estate transactions varying from 6.5% to 10% dependent on the purchase price.
If you have any question on the purchasing process in TCI, just contact us and we will glad to help you!
Best Realtors
Why sell with Keller Williams TCI Realty
One of our many strengths at Keller Williams TCI, real estate, is that we are the longest serving real estate company in the islands. This gives us the advantage having the largest historic database in real estate sales. Our long experience gives you the greatest background knowledge to draw from in making critical decisions.
- We are the leaders in the industry with 50 plus years of local Real Estate knowledge. In addition to the standard MLS based figures the average companies have to rely on, we have our own historical database.
- Keller Williams Realty is keeping current with the latest trends in social media such as Twitter, Facebook, YouTube/ Virtual tours and blogs as a way to reach a larger and more diverse audience.
- Our agents also have the expertise, local knowledge and history of the entire chain of our sister islands as well.
- We are a strong team and work together for the benefit of our clients instead of in competition with one another.
- Our office is optimally located in the heart of the tourist sector allowing maximum visibility of your listing to pedestrian traffic.
- We are always updating and refreshing our website to be the most competitive in the market. We are consistently on the first page of Google, and we are available to work in several languages to reach emerging foreign markets.
Why Buy with Keller Williams
Years of Partnerships
Keller Williams Realty, real estate specialist, is here to make purchasing property in TCI an easy and stress free experience. We have established lasting partnerships with professionals, from attorneys, to appraisers and surveyors. This puts us in a position to assist our customers with all facets of the sales process. We are prepared to assist you every step of the way to ensure a smooth and successful closing.
- We have knowledgeable agents with world wide experience. Our agents have lived and worked in the islands for a minimum of 50 years. This combines professional expertise with local knowledge to the benefit of our clients.
- Our agents are well versed on regulations relating to buying and selling, and have a network of available professionals that you will need along the way such as appraisers, attorneys, inspectors, contractors and landscapers.
- We listen to our clients needs, and are committed motivated and experienced. Our agents provide you with confidential, knowledgeable and responsive service and discretion.
- We will monitor and promptly deliver listings that meet your criteria and arrange showings that give you the best view of the market.
- We are professionally trained agents who will facilitate the negotiations on the purchase of your property.
- Keller Williams has an extensive historical database of sales in all price ranges dating back at least 50 years. If you want the best understanding of the market before you buy come to us first.
