|By Lee Morris (New BonaireTalk Poster - Post #1) on Friday, September 23, 2005 - 2:50 pm:|
WHAT IS THE FIRST STEP IN BUYING A HOUSE FOR RETIREMENT IN BONAIRE.
|By Roger Burnham - Blennylips Bonaire (BonaireTalker - Post #77) on Friday, September 23, 2005 - 3:12 pm:|
|By Tom Cousino (Moderator) (Moderator - Post #14) on Friday, September 23, 2005 - 3:32 pm:|
(This thread was moved to "Moving to Bonaire" by moderator.)
|By Cynders (BonaireTalk Deity - Post #14606) on Friday, September 23, 2005 - 4:04 pm:|
|By Carl Pflanzer (Experienced BonaireTalker - Post #242) on Friday, September 23, 2005 - 5:35 pm:|
|By Theresa (Experienced BonaireTalker - Post #551) on Thursday, December 1, 2005 - 12:22 pm:|
Can you just buy a house and move there that simple? Is property that easy to buy?
|By Kelly Baum (GDLW) (Supreme BonaireTalker - Post #3525) on Thursday, December 1, 2005 - 12:37 pm:|
Theresa, it is not simple at all. If you do a search you will find a plethora of information. Remember that nothing worthwhile is easy. At least that's what I keep telling myself.
|By Vince DePietro (Experienced BonaireTalker - Post #137) on Thursday, December 1, 2005 - 12:41 pm:|
Theresa...well from my own limited point of view, I think one of the only "easy" things to do on Bonaire is the diving & lying in the sun:-)..Beyond this, it gets more complicated. if you plan on living on Island you need a residency permit. If you plan on working there you also need another permit etc etc etc. Read the various entries in this section to glean more info. & best of luck to you!
|By Kelly Baum (GDLW) (Supreme BonaireTalker - Post #3526) on Thursday, December 1, 2005 - 12:47 pm:|
Vince, lol... yes the word of the day is "PERMIT".
|By Theresa (Experienced BonaireTalker - Post #552) on Thursday, December 1, 2005 - 12:58 pm:|
I would love nothing more than to retire and live on Bon, I'll start saving and thanks for the info.
|By pat murphy (Experienced BonaireTalker - Post #430) on Sunday, December 4, 2005 - 1:44 pm:|
theresa, buying a house there is easier than in the states. it's the regulations about how long you can use the house without being a resident that are more complicated.
|By Anke Schulz (New BonaireTalk Poster - Post #2) on Thursday, December 22, 2005 - 3:32 am:|
|By Tish (Experienced BonaireTalker - Post #563) on Thursday, December 22, 2005 - 8:35 am:|
Hi, again, Anke!
|By Ann Phelan (Extraordinary BonaireTalker - Post #2021) on Thursday, December 22, 2005 - 8:41 am:|
I bought my land from Remax (owned vs leased) and there is one plot left..walk to Bachelor Beach!! I had two local Dominican men build my house. They broke ground Nov. 04, stopped til Jan. 29th and we moved in July 1. (It was not finished but..)It was really a piece of cake (for us). I was warned NOT to build but I never listen haa...I have a brand new house for the same cost if not cheaper of an older house with problems and maybe even ghosts..haa..
|By Mathis Weatherall (New BonaireTalk Poster - Post #1) on Friday, January 6, 2006 - 9:20 am:|
Has anybody (American) taken a mortgage from a bank in Bonaire? I understand that you can do this but the mortgage involves some sort of insurance. I am trying to understand and compare this to mortgages I have taken in the US. Prepayment penalties, equity, etc.
|By Tish (Experienced BonaireTalker - Post #664) on Friday, January 6, 2006 - 12:57 pm:|
I have heard the interest rates charged on Bonaire are higher than in the US.
|By Mathis Weatherall (New BonaireTalk Poster - Post #2) on Saturday, January 14, 2006 - 10:40 am:|
I see. Thanks for that feedback. Hopefully the foreclosures were a result of people not paying their loans (which I would not fail to do).
|By Tish (Experienced BonaireTalker - Post #708) on Saturday, January 14, 2006 - 11:01 am:|
Yes, the foreclosures occurred because people fell behind in their mortgage payments.
|By michael gaynor (Extraordinary BonaireTalker - Post #1964) on Sunday, January 15, 2006 - 9:13 am:|
Mortgages are not too easy to get unless you have a long term relationship with a bank or plenty of collateral. They also do require a life insurance to pay off the loan if you die before the end of the term. The real drawback is the high rates..
|By Lisa Chin (New BonaireTalk Poster - Post #1) on Tuesday, April 18, 2006 - 9:07 pm:|
Hi, I know this forum ended several months ago, but I am also looking to purchase property in Bonaire. I was thinking about a 2 bedroom home in Lagoen Hill, but I have had trouble finding a US company that will finance me. Do you mind if I ask what specific banks/companies that people have found useful? Thanks!
|By michael gaynor (Extraordinary BonaireTalker - Post #2041) on Wednesday, April 19, 2006 - 12:15 pm:|
Generally US companies will not finace offshore unless it is on a US owned island. MCB will fiance local properties for non residents, however be prepared to pay a high interest rate.
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