The Property Source- How to Buy a Home in Jamaica

[@eileenwatt8283]

Can we just say how beautiful these two women are. They are color coordinated with the decor on opposite sides . Love it!

[@dy6682]

Yea! Now put ur money in real estate .

[@misterlexx2721]

​@@dy6682 Not just like that. It depends on the person's objectives, how long they want the principal back etc. People have some amount of liquidity as well. I am banker . I believe in diversity. 🇨🇦🇨🇦🇨🇦🇯🇲🇯🇲🇯🇲

[@misterlexx2721]

I am a 43 year old man, father and husband. My advice to young people in their 20s is don't feel guilty for buying your car in your early work like. You don't have to buy a luxury/ flashy car but a reliable functional car . Don't let real estate sales person or banker make you feel guilty. There are a number of decent paying jobs that require you to be " mobile ". You are paid motor vehicle upkeep and gas allowance. A vehicle is very important if it's going to enable you to earn your bread and butter. The same job that will enable you to save your downpayment on your first home. If you have a young family you also need to be mobile. The public transportation system is Jamaica is not desirable anyways. 🇨🇦🇨🇦🇨🇦🇯🇲🇯🇲🇯🇲

[@garrymclean9032]

Well said!

[@nonebusiness949]

Completely agree. House can skate? House can drift pan eeh toll?

[@shannahwickham7784]

Thank you. Appreciate this comment. I bought my SUV before my home and before having my 2 kids and have had people ask me why I bought a van (Rav4) before my house. Not everyone knows the details of your plans nor what your Prayers will yield.

[@MohammadHossain-d4o]

You need a car to hassle to be wealthy so these old fokes need to stop telling people stop buy land before a car to make their life easier

[@misterlexx2721]

@@shannahwickham7784 They are not informed.

[@omarrodney9914]

Colour cordination spot on, very informative, love it.

[@marlenebogle9221]

The pricing now in Jamaica for land or house it’s a joke

[@misterlexx2721]

It can't be a joke if people are buying. Real estate prices like any other business is driven by demand and supply. Obviously, there are people buying the ridiculously priced homes.

[@charmaineyoung984]

Over priced

[@Dar_theman_Nell]

Property is only going to go up so buy and laugh all the way to the bank!!

[@abcdefghi9]

Not only in Jamaica, property is expensive everywhere.

[@Ballgame0.0]

Very insightful

[@roachesratsrepellentpack.9304]

GET THAT MONEY 💰💰💰. B1

[@stopmotionandgaming4877]

It a sellers market in jamaica now

[@Javine-u6d]

It's always. That way, for a good time now!

[@APointJM]

she did a segment on that... Is now really the best time to buy a house? kzbin.info/www/bejne/mnO7c6Zoeq98hLMsi=MWlDfVDngYHEUhlI

[@dy6682]

Remember God stop making land in Jamaica, 65 million years ago .

[@orvillebryan1950]

We love to buy in Jamaica but it’s tuff because the educated chappa dem don’t play, I wish the system would change we’re the money is held in an escrow account

[@kareenavalon7586]

Side note: Isn't this Buju's daughter? Some good info.

[@kenrickmitchell9312]

luv this

[@GregMeghooOlympian]

Our family still have a home in jamaica, but it needs fixing up

[@Javine-u6d]

U guys selling?

[@misterlexx2721]

Get the home valuated. If there is no mortgage on it... great . However, even if there is a mortgage , minus the outstanding mortgage balance from what the home is currently valued. That is called the EQUITY in your home. Use the EQUITY as a collateral and apply for a Home Equity Line of Credit. Use this HELOC to renovate / modernize the home . This will positively impact the future value of the home. St.Andrew , St.James to St. Mary along the North and Mandeville are desirable places to own real estate.

[@regularity2556]

Please limit the jargons or explain what they are, what is TRN, LU. Not everybody knows what these are

[@cmenting]

HAJ requires 10% deposit on some of their properties. Is that legal?

[@TrackVibesJA]

Its hard for average persons cant buy houses in Jamaica. It way to expensive for what you guys are offering.

[@dy6682]

I think overseas Jamaicans are in a better position to buy up Jamaica; the locals are at a disadvantage. Compared to Canada , Jamaican real estate is dirt cheap …..

[@dy6682]

Jamaican real estate is too expensive for the locals but for overseas Jamaicans, real estate here is a steal . I picked up a beautiful property in Jamaica with rental units attached for about $15 million ($150,000 CANADIAN).

[@TrackVibesJA]

@@dy6682 I understand but not everybody in Canada have $150,000 in Canada.

[@awill372]

Hi Kalilah! Hope you are well! Question please: as the buyer, am I responsible for the 6% for the real estate agent/agency? I thought the seller is responsible for that portion of the sale. Can you please confirm?

[@misterlexx2721]

The 6% is factored in the sales price of the property. That Commission is taken from the sales price. You the buyer just need to qualify for the mortgage or buy outright.

[@awill372]

Thank you for response

[@misterlexx2721]

@@awill372 You're welcome.

[@allantheworldtraveler]

I had to jump on here to make a comment. No a Realtor and a Real Estate Agent are not one and the same. Come on get it right, a realtor must follow the rules of the National Association of Realtors (NAR) and Agent does not have to meaningfully they may not always have the clients best interest in mind. Also never heard the term Dealer used unless buying a car, the term is a Broker.

[@kushing8]

20% of the property valve you will need for fees, documentation plus your down payment

[@stevenjohnson2395]

@kushing8 exactly buy time you service the mortgage you could’ve pay 40-50% of your mortgage kmt it rough, don’t talking about the Laywer fee

[@VoniqueKing]

20% in total? So for a 20mill house have atleast 4mill in cash

[@doniarae-lee1203]

oooh bowy will ever buy a house

[@colincole7075]

Property in jamaica should be more you cant buy a house in Barbados

[@dy6682]

What is the Bajan real estate like ?

[@keishahaynes3273]

Audited financial statements for self employed person? Like a real audit by a chartered accountant?

[@andreawade5831]

People are price out of the market, because of greedy companies like yours.

[@TrackVibesJA]

Lol...over price houses. Smh

[@inarimusa]

Yep

[@misterlexx2721]

Nonsense. There are housing solutions for different income groups. Go buy a Portmore house if that's what you can afford. You can't take a Toyota Corolla pocket to a Mercedes Benz dealership. The same principle applies. Obviously, people are buying the ridiculously priced apartments and townhouses in St.Andrew and the North Coast. It may not be working class Jamaicans on the island but diaspora folks buy them. 🇨🇦🇨🇦🇨🇦🇯🇲🇯🇲🇯🇲

[@Velvet123-t6n]

A REALTOR (r) and a Real Estate Agent are not the same.. a Realtor has to obey the code of ethics..and is a member of NAR..

[@misterlexx2721]

How did she pass the pre licensing course? 😅😅

[@Marcus_The_Comedian]

MADDA or MOTHER. Not a BIG deal. Well you never know who is watching, & or hearing/listening. I am not telling you how to speak, or how to do your job. FIRST OF ALL, YOU SPEAK WELL. But sometimes we slip up, & we go back to what we used to KNOW/SOUND/TALK/SPEAK like. but before we became professional in what we're doing now. REMEMBER, & i do hope the young school children especially the female students, YES. The females Students later on in life it will be the the young females, & less percentage of male, that will take this with them in life, & also to apply, & help them in what they may sound like within THEIR CAREERS as a NEWS ANCHOR, SOME TYPE OF PRESIDENTIAL, OR ASSISTANT PRESIDENTIAL SPEAKER, IN POLITICS. The cherr, or the THE SPEAKER OF THE HOUSE. A JUDGE. A LAWYER. OR A PUBLIC DEFENDER. I DON'T KNOW IF THEY HAVE PUBLIC DEFENDER in courts in Jamaica OR EVEN ABROAD. or someone who is a MOTIVATIONAL SPEAKER. Buy watching you. When i used to live in places/states like NEW YORK. FLORIDA, & in the MIDWEST like in Ohio. CLEVELAND. COLUMBUS, DAYTON OHIO. My wonderful job at the time that i last spent over 20 years in would have me working in these wonderful places in those beautiful States. I used to be around kids/children, & up where they would tell me that the teacher would take a page out of the NEWSPAPER, & POINT OUT, & ASSUME SOMEONE would be interested. Or draw them to be interested in reading a small story from the newspaper in class. If not they the teacher would go to the day before NEWS, that they would WATCH a SEGMENT of which ever it may be FINANCIAL. POLITICS. LIVING. NOT NECESSARY CHRISTIANITY BUT SOMETHING CLOSE TO IT IN GENERAL. ALSO WEATHER BECAUSE IT'S IMPORTANT TO KNOW HOW YOU GOING TO DRESS FOR THAT DAY. Then maybe they are also watching you, & listening to you, & admiring you, & taking in everything that you're saying if not everything a part of what you're saying, & remembering you. & they will also remember how that lady that says MADDA lol😅lol😂lol🤣lol. instead of MOTHER. but let's say MOTHER. Instead of MADDA. just saying. to hear you speak YOU'RE INTELLIGENT, & TO KNOW A YOUNGER COPY like you. Or a younger female student. Listen, & look up to you. Would be a wonderful thing to tell a story in class one day. about how much one of those intelligent Jamaican females student used to all watch you, & they enjoy a segment of a story of what you have done. that day. or a few days. weeks. months, or years ago. I used to live in Benbow Saint Catherine between 1979, & 1989 with my grandmother. No i am not Jamaican. But my mother was. R.I.P to her. I really don't know her much. But i also went to MOUNT NEBO PRIMARY SCHOOL. GUYS HILL HIGH SCHOOL. Right around the time when it changed from GUYS HILL SECONDARY SCHOOL to GUYS HILL HIGH SCHOOL right around the time when the popular policemen BIGGER FORD used to be around. Barry G. THE BOOGEYMAN on RJR Radio with Dorraine Samuel. I love this video. I will SUBSCRIBE. LIKE. & here I left the longest comment you've ever seen. lol 😂. Bless from the UK.

[@kingjulianthejamaicanpuss5828]

Hey. I'm from Middlesex district. Stone's throw from benbow. Didn't read the entire comment just the starting and the ending, its too long 😂😂😂. But when I saw Mt nebo, benbow and guys hill i was like, hold up...😊

[@deedeern2697]

MOOF!!!!