Here are some answers to frequently asked questions (FAQs) about our collection of luxury real estate.
Contact us for more information about The Point and the real estate you are interested in buying. Also, call call us to speak with a knowledgeable real estate representative. Doing so will allow you to interact real time with an agent and get the answers you need right away.
When you have decided on the residence you would like to own, buyers will make a written offer to our company. If you are using a real estate agent, then the agent would usually present the offer on your behalf.
In Grenada, the buying transaction typically takes approximately 90 business to complete. This includes the time for acquiring an ‘Alien Land Holding License’, conducting a property title search and transfer of title ownership.
In addition to the real estate cost, buyers will be required to pay closing costs and foreigners are required to attain an ‘Alien Land Holding License’ as part of the process. Closing costs include stamp tax, professional and property registration fees. These fees are based on the value of the real estate. Contact us for more details pertaining to the residence you are interested in acquiring.
We accept a 10% deposit on the real estate which is held in an escrow account until the buying process is complete.
The seller is usually responsible for paying realtor fees. In Grenada, the realtor earns a commission of 5%.
Once the buying process is complete, the new owner will receive a title deed confirming ownership of the asset. Proof of ownership is also registered with the Government Ministry of Agriculture and Lands.
All of our residences have utilities installed including water, electricity, internet and phone.
There are no restrictions on use of the property. As an owner you will be entitled to use of the common areas of the property including the gym, onsite beach, concierge service and other shared amenities.
As an owner, you have the freedom to use your property as you choose in keeping with the covenants of the community. Should you wish to rent your property whilst you are away, you have the option to place your condo or villa into the rental pool.
our company offers financing options to potential owners. Contact us to learn more about this service.
Owners will have the option to mortgage a loan against their property at any time.
As an owner, you will be assessed an annual Homeowners Association (HOA) fee which will cover club operations and maintenance reserves.