Choose the appropriate Cayman property and contact your CIREBA realtor for more details. First Female CIREBA President. With the vision of several local real estate agents, all with the desire to unify the industry and create a higher standard of practice in the local real estate business, The Cayman Islands Real Estate Brokers Association was born. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. In 2012 she was elected the first women President of the 25-year-old local MLS Association, and served for 3 years. The agents do all the work in securing an Offer to Purchase Agreement and provide all the information necessary for a successful closing. The general idea of the MLS is that all the CIREBA Member firms have decided to share their real estate listings and work together on all MLS real estate. Find an … This means the deposit is held in a separate deposit account and cannot be released unless in accordance with the terms of the offer to purchase, or agreed upon otherwise. [trim length=”100″] REMARKABLE OPPORTUNITY to purchase a beautiful boutique hotel on the idyllic island of Cayman Brac. Copyright © 2021 The Cayman Islands Real Estate Brokers Association (CIREBA), All Rights Reserved. Over the past 31 years of the Cayman Islands Real Estate Association known as CIREBA Jeanette has served on and overseen various committees and boards. In some cases, this means creating an arm’s length situation so that if there are any concerns they can be handled agent to agent. So if the buyers want to make a written offer on property, who will be tasked with drawing up the purchase agreement, or the contract outlining the … The Cayman Islands Largest Real Estate Portal with CaymanPropertyMLS.com you can search the widest selection of properties for sale in the Cayman Islands through our network of member companies. The Offer to Purchase also includes a breakdown of what the buyer is expected to pay. The stamp duty is paid by the purchaser on the sale of the property minus the value of the used chattels/furniture. By using our site, you acknowledge that you have read and understand our Cookie Policy and Privacy Notice. 3. Offer and closing Your Sales Specialist will help to write out your CIREBA Offer to Purchase document. The offer to purchase will typically require payment of a deposit of 10% of the agreed sale price, which is often held in escrow and as stakeholder by the seller's realtor or the seller's attorney. Learn More. Choose which of CIREBA's dedicated property professionals can help you best. Your use of Cayman Islands Real Estate Brokers Association Services is subject to these policies. The key to computer safety is caution. When buying and selling residential properties in the Cayman Islands, vendors and purchasers typically enter into a standard form of contract known as the Cayman Islands Real Estate Brokers Association ('CIREBA') Offer to Purchase (the 'CIREBA Contract'). If you submit an offer to purchase property using the CIREBA "Offer to Purchase" document, the counterpart signing of the document by the Seller constitutes a valid and legally binding sale contract on the terms set out in that document. Our local real estate organization is the Cayman Islands Real Estate Brokers Association or CIREBA as it is commonly referred to. Pick Diamond Properties as your CIREBA Agent! The Cayman Islands Real Estate Brokers Association (CIREBA) is a not-for-profit Association that was set up in 1987 to provide a professional network for the different real estate companies in the Cayman Islands.Today it provides the Multiple Listing System (MLS) and acts as a central source of information for its Members, including the publication of this magazine. As members of CIREBA we have access to all properties (currently over 1,400) for sale on CIREBA’s multiple listing system (the MLS). Carefully analyze each step using the "Custom" or "Advanced" settings and decline offers to download/install third party software. This means that you can view and purchase any property in this magazine through any CIREBA agent, not just the listing broker or agent. Your Sales Specialist will present your mortgage lender with a copy of the Offer to Purchase. Member agents receive extensive and continual training. 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