If you're looking to buy a luxury resort property in Frigate Bay directly from the owner (FSBO), look for "For Sale By Owner" (FSBO) listing directories which may have Frigate Bay resort-style properties listed directly by owner.
Via forms buyers can contact the owners for details, such as exact price, title status and any inclusions such as furniture.
Investigate whether the unit is part of a branded resort, such as Marriott and what fees may apply.
Hiring a local real estate attorney is a must to confirm clean title and no liens, and to verify the properties zoning and any resort ownership restrictions. Get the real estate attorney to draft or review the Sale Agreement, as this step is especially important in FSBO deals, as international titles can be complex.
Perform all due diligence, and request recent statements, especially if purchasing as an investment, such as monthly maintenance fees etc, and confirm where costs and responsibilities fall, and to whom.
When buying abroad it can often involve wire transfers, and title insurance or escrow services that should be handled by the lawyer. Also look into if the property qualify for Citizenship by Investment (CBI), which may appeal if you're interested in two citizenships, and any re-sale value.
If possible view the property in person inspect to check the buildings condition and any resort amenities.
Make a written offer contingent on clear title, regulated HOA fees, and satisfactory inspection, and it is essential to get the lawyer to hold the deposit pending closing.
Complete the transaction at a notary or lawyer's office, and register the transfer in the national land registry.
Buying direct from the owner can save commission, but the purchaser must perform all due diligence and get sound legal and financial advice.
Frigate Bay is the name of two bays located close together on the island of Saint Kitts. The two bays are located southeast of the capital Basseterre, at the northern end of the isthmus joining the Southeast Peninsula with the rest of the island.
