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Moving to Bonaire: Buying land
Bonaire Talk: Moving to Bonaire: Buying land
Top of pagePrevious messageNext messageBottom of page Link to this message  By Jason Rogers (BonaireTalker - Post #57) on Monday, June 14, 2010 - 10:25 pm:     Edit PostPrint Post

Wondering how land purchase usually goes in Bonaire. I am interested in buying some land and holding on to it for an investment. Does anyone have any experience with this and will a local bank finance land and what is the ball park rates.

Thanks
Jason

 

Top of pagePrevious messageNext messageBottom of page Link to this message  By Vince DePietro-www.bonairebeachcondo.com (Supreme BonaireTalker - Post #3074) on Tuesday, June 15, 2010 - 5:34 am:     Edit PostPrint Post

Jason..My advice is to consult with some of the local realtors on the island. I've dealt with Sunbelt in the past & have had very good experiences with them. With respect to interest rates don't know exactly what they are but do know they are a lot higher than in the states.

 

Top of pagePrevious messageNext messageBottom of page Link to this message  By Bob - RE/MAX Bonaire - bonairehomes.com (BonaireTalker - Post #21) on Wednesday, June 23, 2010 - 5:19 pm:     Edit PostPrint Post

Jason -

A bank will finance up to 60% of the purchase price of real estate for non-redidents.
Interest rates are currently running around 7%.
Closing costs average about 5.5%.

Contact me directly if you have other questions.

 

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