Bright 3 bedroom Villa for sale with countryside view in Saint Peter, Saint Peter
With lovely vaulted ceilings with fans throughout, features include an open plan living and dining area with a spacious kitchen, which is equipped with a breakfast bar and ample built-in cupboards. Leading from the kitchen is the garage, laundry area and back entrance. This leads out to a stunning deck and swimming pool. This spot is perfect for lounging and entertaining.
All of the bedrooms are positioned on the east side of the house. There are three in all. There is a large master bedroom with an en-suite bathroom. There are also 2 additional bedrooms which share a full bathroom. The bedrooms are fitted with built-in cupboards. There is also a linen closet in the hall.
The grounds are fully enclosed and features a beautiful landscaped garden with mature frangipani trees.
The area of Maynards is just a short drive to Speightstown, which is a delightful historic town with banks, supermarkets, convenience stores and an array of other amenities. There are also some gorgeous bars and restaurants.
Some of the most beautiful west coast beaches are just a short drive away from Maynards.
Features
Fees Paid By Seller
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This Villa is located in Maynards in Barbados
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Buying Real Estate in Barbados
1. Registering with a Barbadian Lawyer and the Central Bank of Barbados.
In order to purchase a property in Barbados you will require a registered Barbadian lawyer, their fees will be around 1.5 to 2% of the purchase price (+15% VAT). The buying process will generally take around 3 months. There are not generally any restrictions on ownership by foreigners, except for a formality that, if you are a non-resident, the Barbados Central bank must you give you permission before you may purchase a property. If you fail to gain this permission your purchase will be void. It is required by the Central Bank of Barbados that all money that is brought into the country must be registered. This can be best be handled by your Barbadian lawyer.
2. Signing the Purchase Agreement and Paying the deposit
Your lawyer will be charged with the conveyance of the title, the recording of the deeds and registering the survey plans with the Land Registry. Before you sign the Purchase Agreement and pay the 10% deposit, they will also check the agreement which will have been drawn up by the vendors lawyers. The Purchase Agreement will then be signed by the vendor and the deposit will be held by the vendor’s lawyers. The deposit will be forfeited if at any point after this you decide not to go through with the purchase.
3. The Conveyance
The register search will be carried out by your by your lawyer in order to establish whether the property or land is free from charges or any encumbrances and to establish the title. The conveyance will be drawn up by the sellers lawyer and will be checked by your lawyer. Once these checks have been made you will sign the conveyance and the balance of the funds will be paid. Once you have signed the conveyance it will go back to the venor’s solicitor to be signed by the vendor. Your part of the sale is now complete, all that is left is for the vendor to pay the stamp duty and to transfer the taxes.
4. General Information on Property Ownership in Barbados
Property can be owned in various ways in Barbados. In the name of an individual, through a trust or other entity, or through a foreign or local company. It is not unusual for non-Barbadians to purchase properties through newly formed offshore companies which are outside Barbados, but are registered to do business in Barbados.