Take the ferry to Hamilton - Live in Paget Bermuda

No traffic problems if you live close to the ferry in Harbour House, Paget.  

Enjoy living on the ground floor in this secure development with access to lovely gardens from your private terrace. This tastefully decorated condo has central air, wood floors and 2 extra large bedrooms both with en-suite bathrooms.

The kitchen has more than ample cabinet space with good flow for entertaining in either the living room, dining room or out on the covered patio.

Residents of this development also benefit from a well maintained swimming pool, pool area and tennis courts.

Please click on the visual tour link to have a look at what it has to offer.

For Sale at $950,000 - want more information? Please call Sharon Cranfield on 441 305 8074

The Price is Right

Bermudians, the time is right to buy that property that you've been thinking about.  An investment in property is one of the soundest that you can make in the long term.  Think back to when you were a child and how much properties cost at that time and then look at what your outlay would be now to buy the same thing.

Prices have more than doubled.

This is a buyers market and there are great deals out there. Often sellers don't want to advertise at a lower price but they are open to lower offers.  Call me if you would like to discuss what's available and what could be in your price range. My cell number is 305 8074.

Waterfront Property in Bermuda - available and affordable

Yes! I have a fine 2 bedroom townhouse right on the water in St Georges. Easy to manage - a great retirement property.

Boatable waterfront in Bermuda and it comes with a private beach and gym facilities!

It's worth considering - call me on 305 8074 to find out more. 

Sold! Moat House - Fort Hamilton Drive, Bermuda

Sold! Modern 3 bedroom, 3 1/2 bathroom home close to the city with views of Hamilton Harbour.

Great indoor and outdoor entertainment areas.  

Living room with wood floors and fireplace, a totally updated kitchen as well as a dining room all of which have large glass doors to a wrap around deck.

3 bedrooms, each en-suite with access to the gardens, loads of storage and views to die for.

Click here to view the Moat House visual tour. 

Things to consider when buying a property in Bermuda - "Tenants in Common" vs "Joint Tenancy"

"Tenants in Common" vs "Joint Tenancy"

If you intend to purchase your property together with another person in Bermuda you will be asked to decide whether you wish to purchase as Tenants in Common or buy the property in Joint Tenancy.

Simply put, if you are buying as Tenants-in-Common each person owns a share of the property and can give/bequeath their share to another person.

Buying as Joint Tenants you buy a property with one or more people subject to the law of survivorship.  If one person dies the property is automatically owned by the remaining people. No person has a specific interest in the property, they all own it equally together.

For more information on this or anything else to do with Real Estate in Bermuda please contact me at scranfield@brcl.bm

Strawberry Hill, Paget, Bermuda

Help!! I need to find a buyer for this really nice condo. It is quiet and spacious with 2 bedrooms, two and a half baths and only a 5 minute commute to work in Hamilton. Negotiably priced at $895,000

This townhouse has 2 large bedrooms with tons of closets and extra storage. Both of these bedrooms have big en-suite bathrooms. Then you have a spacious livingroom with a fireplace,a separate dining room as well as a private patio for outside entertaining. The kitchen is bright and cheerful with plenty of cabinets - appliances are included.

Amenities for residents include a communal swimming pool and tennis court and plenty of parking.

Please click Strawberry Hill visual tour to see more of what it has to offer.

This property is on the market at $895,000 - contact Sharon Cranfield scranfield@brcl.bm or 441 305 8074 if you would like more information or an appointment to view.

The buying process in Bermuda

How do I go about buying a property in Bermuda? 

1. Visit a bank or lending institution and get pre approved for a mortgage.  You do this by making an appointment with a loan officer and providing them accurate information on your income and expenses so that they can work out how much they will lend you. 
2. Choose a realtor  and go and meet with them to discuss what you are looking for, where you would like to live as well as what your needs are and what your wants are.  Make sure you like and trust them. They will be able to give you information of likely properties and help you and save you time by filtering out the properties that look and sound right but don't fit the description of what you are looking for.
3. Once you have visited a property that you like and decide it is the one for you, make a written offer on the property with the help of your realtor.  This is important because it is a record of intent and stops confusion later on. It also clarifies the terms and conditions (not just the amount) under which you intend to purchase the property and here again take the advice of your realtor as to what you should consider including in your offer.
4. Your realtor can provide you with an idea of what the closing costs on your offer will be and these should be calculated with your offer price and fall within your pre-approved mortgage amount.
5. Once your offer is accepted, contracts for the purchase of the property will be drawn up and will be sent to your lawyer for approval and you will be asked to organise a 10% deposit for when you sign the contract.
6. Your lawyer will review the contract details with you and if you are in agreement you will make an appointment to sign the agreement and lodge your deposit.
7. Once both parties have signed the Sale and Purchase Agreement and the purchaser has lodged the deposit you are said to be in contract and neither party can withdraw unless certain conditions are not met.
8. From here it takes about 30 days for a planning search and then you can complete the sale provided all the other conditions are met. Depending on what they are it can take different lengths of time.
9. At completion the mortgage proceeds are sent to your lawyer and then on to the vendors lawyer after any outstanding debts such as Land Tax are paid. The conveyance document is signed by the vendor  and returned to your lawyer completing the sale and you become the new owner of the property.