04302018 home buyers' guide

H ome Buyers’ Guide The Tribune

Monday, April 30, 2018

The Bahamas Source For Homes, Condos, Apartments, Lots & Rentals

Pear Street, San Souci

BAHAMA ISLANDS REALTY

PAGE 2, MONDAY, APRIL 30, 2018

THE TRIBUNE, HOME BUYERS’ GUIDE

Orchid House

13 Jacaranda Close

8Bd, 8Bth | Waterfront Home 2.4 Acres Lot

Ref: 5168

Canal Front | 3 Bd, 3.5Bth 2,056 sq. ft. | 125 sq. ft. Canal Frontage

$19,750,000

Charming Buen Retiro

2Bd, 1Bth | Single Family Home 2,210 sq. ft. | 5,248 sq. ft. Lot Size

Ref: 17810

$250,000

117 Sandyport Drive

Dannotage Estates

4Bd, 3.5Bth | Garden View 7,405 sq.ft. Lot Size | 2,450 sq. ft.

Ref: 19774

$470,000

Vacation Rental | Ocean View 6Bd 5.5Bth | 30 Acre Lot Size

$4,500 p/m

$550 per day

Ref: 4554

Cape Santa Maria Lot

Charlotte Ville Lot 99

Ocean View | Long Island 37,500 sq. ft. Lot

Ref: 1834

$1,200,000

Seven Palms

Single Family Home 3Bd 3.5Bth

Ref: 20080

Ref: 12205

West N.P. | 7,200 sq. ft. Lot $161 Maintenance Fees

$1,000,000

ER T D UN TRAC CON

Ref: 18443

$175,000

Albany Tee Time

Albany Golf Course

6Bd, 7.5Bth | Marina View 7,200 sq. ft. Living Area

5Bd, 5.5Bth | Golf Course View 21,788 sq. ft. Lot Size | 7,280 sq. ft.

$5,850,000

Ref: 13209

64 Sea Beach Estates

3Bed, 3Bth | Hill Top View 1,300 sq. ft. | 11,800 sq. ft. Lot Size

$265,000

Ocean Front Cottage

Ref: 10777

$475,000

Harbour Mews

Ocean View | Bahamian Architecture 4Bd, 3Bth

Ref: 8611

$12,000,000

Cuckoosnest

2Bd, 2Bth | Pet Friendly 1,088 sq. ft. Living Area

Ref: 13796

Ref: 16965

Townhouse | Garden View 2 Bedrooms, 2 Bathrooms

$3,800 p/m

Love Beach Homesite

Ref: 19661

$2,500 p/m

Palm Cay #109

Garden View | West N.P. 20,570 sq. ft. Lot Size

Marina View | East N.P. 10,958 sq. ft. Lot Size

D L O

S Ref: 4939

$140,000

Ref: 11946

$220,000

www.grahamrealestate.com

Phone: (242) 356-5030

Gregory Graham President/Broker

Linda Eldon

PM/Appraiser/Agent

Laura Kimble Estate Agent

Dolly Griffin

Estate Agent

Delerese Pratt Estate Agent

Esther Mayet Admin. Asst.

Sophia Porras

Estate Agent/PM Assoc.

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EASIER THAN EVER

By Mike Lightbourn

THE internet has revolutionized the way we do business in the real estate industry.

Many of our listings and sales are internet driven.

Brokers can showcase their listings with a click of the mouse and connect to a huge audience on various online platforms.

The internet has also transformed the way consumers apply for mortgages.

For example, some of the commercial banks provide preliminary mortgage application forms on their websites that allow prospects to apply online by answering a few simple questions.

These questions cover an applicant’s occupation, mortgage requirements and financial information – assets and liabilities and so on.

If the applicant is successful in pre-qualifying, he or she will then meet with a mortgage specialist to find out which mortgage is right for them and to iron out the details. At least one of the commercial banks will send the loans officer to you.

This is a convenient way of finding out if a person can prequalify and, if so, how much house they can afford.

No traffic issues or struggling to find a parking place to make application.

TO BUY OR NOT TO BUY Some people, especially young people, may be reluctant to shoulder the responsibility of home ownership.

However, the longer they put it off, the more they would have paid someone else in rent.

If your job is threatened or you are on financially shaky ground, then no, this isn’t the time to buy. This is a time to get your house in order and draw up a plan.

Now, if you’ve considered the challenges and still

think that owning a home is right for you, then this is a good time to invest in your future.

The prime rate on bank loans has fallen from 11 percent in 1980 to 4.25 percent last December.

This is the lowest rate of interest charged by commercial banks on loans to their best customers.

It’s the base upon which interest rates are determined on loans to the private sector.

There are still good buys out there because of recessionary price adjustments, but the market is heating up.

CREDIT BUREAU Laws to establish a credit bureau were passed in February. The Central Bank is working on the establishment of a private credit bureau that will allow lenders to access an applicant’s credit history.

The Central Bank pegs the country’s labor force at approximately 226,680 and over 90 percent of that workforce is in some sort of debt. The country’s nonperforming loans portfolio is extremely high, hence the need for a credit bureau.

However, it will be some time before the bureau is up and running at full speed. It is important, therefore, that mortgage applicants are truthful about any debts they may have to minimize the chance of foreclosure at some later stage.

SAVE! SAVE! SAVE! If you cannot prequalify for a loan, see if you can find a pathway to ownership.

This will mean reducing your living expenses and saving for a down payment.

The truth is that too many people are living beyond their means.

Bahamians are no longer saving like they used to. It

Mike Lightbourn is president of Coldwell Banker Lightbourn Realty

will be argued that this is due to expenses growing at a faster rate than income.

If you want to accumulate a down payment for a home, you must live within your means and save. The choice is yours.

Visit Us: http://www.tribune242.com

QUESTIONS OR COMMENTS? Email me at: info@cbbahamas.com

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DEVELOPERS DIRECT COMMERCIAL LAND OFFICE LEASE HOME RENTALS RESIDENTIAL LOTS RESTAURANT SPACE

Jolika Buckner, Broker

THREE SPACES LEFT!

Church Street, Building 3 Purpose built office spaces with 24-hr security, CCTV, back-up power generator, high-speed internet, ample parking, elevator and beautiful architecture in one of the most sought after locations in western New Providence. All units are finished to Sandyport Standard.

From 1,337 sq ft for $3,676.75 per month to 1,505 sq ft for $4,138.75 per month.

REN 7 & 8 North Buckner Square

980 sq ft office space can be designed to tenant’s requirements. In great location with 24-hour security and back-up generator, near restaurants, gas station, post office, bank and gym. $2,700 per month | $654.07 per month CAM

TED

6 Coral Beach

Spacious 4-bed 4-bath open-plan stand-alone home ideal for a family with own private pool, beach and dock. Features quality finishes throughout, including bamboo wood floors in all bedrooms, granite countertops, stainless steel appliances, highend ceramic tile, raised wood cabinetry in the kitchen and raised ceilings and brick driveway. $1.3 million or $7,500 per month

www.sandyport.com

105 Church Street Ground floor 695 sq ft office space with 24-hr security, CCTV, backup power generator, high-speed internet and ample parking. $2,085 per month | $463.33 per month CAM

2 Coral Beach Spacious single family home features quality finishes throughout, including bamboo wood floors in all bedrooms, granite countertops, stainless steel appliances, high-end ceramic tile, raised wood cabinetry in the kitchen and raised ceilings and brick driveway. $1.3 million or $7,500 per month

Contact: Jolika Buckner, Broker | Work: 327-2425 | Cell: 376-1662 | E-mail: jbuckner@sandyport.com

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Madeira Plaza 1,835 Sq. Ft. Shop / Office $2,829 P/M Cable Beach 820 Sq. Ft Office $1,675 P/M HARBOUR BREEZE PARADISE ISLAND

3 BR I 3 BA I POOL I GYM $875,000 I MLS: 32379 CARLA SWEETING / 242 804 1591

COLUMBUS COVE OCEAN FRONT CONDO

ROSE ISLAND PRIVATE BEACH

CARMICHAEL RD. I 3.75 ACRES DEVELOPMENT PROPERTY

Westward Villas 3 BR I 2 BA I Generator $2,800 P/M

CHRISTOPHER ARMALY / 242 394 7070

DONNA DAVIS / 242 424 7254

PATRICIA BIRCH / 242 557 0322

Harbour Breeze 3 BR I 3 BA I Pool I Gym $7,000 P/M

3 BR I 2.5 BA I GATED I POOL $499,000

2.17 ACRES $447,500 I MLS: 32374

433’ EAST OF GLADSTONE ROAD $1,690,650 I MLS: 30734

Carefree 2 BR I 1 BA I Gated Community $2,000 P/M Chertsey 2 BR I 2 BA I Beachfront $2,500 P/M

WESTRIDGE OCEAN VIEWS

OLD FORT BAY CANAL FRONT HOME

GREEN TURTLE CAY ABACO ACREAGE

EASTERN ROAD HOME 140 FEET ON THE OCEAN

PATRICIA BIRCH / 242 557 0322

CARLA SWEETING / 242 804 1591

CHRISTOPHER ARMALY / 242 394 7070

DONNA DAVIS / 242 424 7254

121’ x 327’ RESIDENTIAL LOT $310,000 I MLS: 32216

6 BR I 6.5 BATH I POOL I DOCK $4,200,000 I MLS: 32339

63.044 ACRES I OCEAN FRONT $2,975,000 I MLS: 29163

4 BR I 4.5 BATH I PRIVATE BEACH $1,395,000 I MLS: 33042

Exuma 2.46 Acres $316,000 Centreville 73’ x 95’ lot $75,000 South Westridge 95’ x 100’ Residential lot $135,000

PALM CAY GATED COMMUNITY

3 BR I 3.5 BATH I POOL I BEACH $750,000 I MLS: 30755 DONNA DAVIS / 242 424 7254

OLD FORT BAY I OCEAN DRIVE OCEAN & CANAL FRONT LOT OVER 150 FEET ON THE OCEAN $8,500,000 DAVID MORLEY / 242 394 7070

OAKRIDGE ROAD LAKE CUNNINGHAM VIEWS 125’ X 313’ ELEVATED LOT $230,000 I MLS: 32795

PATRICIA BIRCH / 242 557 0322

BAYROC CABLE BEACH CONDO

3 BR I 4 BA I POOL I GATED $1,350,000 I MLS: 33070 CARLA SWEETING / 242 804 1591

Winton Heights 19,150 Sq. Ft. $140,000 Twynam Heights 108’ x 228’ Beach front lot $300,000

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If you require further information or require assistance please feel free to contact: (242) 677-3763 | www.bumblebeebahamas.com Nassau, Bahamas

CHINCH BUGS THE chinch bug is one of the greatest treats to your St. Augustine grass. So much so that there have been repeated attempts to produce cultivars of St Augustine that are resistant to Chinch bugs. This however has been met with no absolute success. There have been varieties that show resistance for a time but it seems to fade later on in life. For this reason we constantly look for signs of Chinch bug invasion especially in the heat of summer when they are at their most active.

CHINCH BUG STAGES the cause of the damage.

How do they look Adult southern chinch bugs are small and slender, 1/6 to 1/5 of an inch long thats like the size of a grain of rice. They have black bodies with white wings. Each wing bears a distinctive, triangular black mark. Normally, some of the adults at any given site will have full-sized, functional wings, whereas other individuals will be short-winged and incapable of flight.

CHINCH BUG DAMAGE Identification: Accurate identification of the lawn issue that you are experiencing is paramount to solving it. Chinch bug feeding will appear as expanding, irregular patches of dead or stunted grass surrounded by a halo of yellowing dying grass often provide the first clue to the presence of chinch bugs. These islands of dying grass tend to increase in size and merge as insect numbers increase. Damage can develop rapidly, especially in sunny locations during hot, dry weather.

Chinch bug damage can be confused with certain lawn diseases or other physiological disorders. Brown patch is a common disease affecting the leaf blades of St. Augustine grass.

Brown patch symptoms, however, usually occur in a circular or semi-circular pattern, as opposed to the irregular-shaped areas of dead and dying grass that result from chinch bug feeding. Chinch bug damage also can be difficult to distinguish from that caused by drought, so check your irrigation in that area. Detection of significant numbers of the insects themselves is the best proof that chinch bugs are

ADULT CHINCH BUG Controlling chinch bugs: Control of chinch bugs starts with proper lawn care. Keeping thatch to a minimum, for example, reduces chinch bug numbers and makes other control methods more effective. Thatch is the layer of dead plant material found between the green tops of the grass plant and the soil below. Thatch provides a protective home for chinch bugs, and chemically binds with many insecticides, making such controls less effective. Lawn aeration, in combination with topdressing, also can help reduce thick layers of thatch. Aeration is performed by punching holes in the turf to increase air and water pen-

etration. You one generally fertilise the lawn at the same time of Aerating and top dressing.

Chemical control: Good water and fertility management and thatch control can dramatically reduce the need for insecticides to control chinch bugs. However, when dead and dying zones in turf- grass are accompanied by the presence of chinch bugs, some corrective action is needed. Chemical insecticides, when used according to label directions, can provide a rapid reduction in chinch bug numbers. When chinch bugs are abundant enough to cause visible damage, insecticide use can prevent further injury. A variety of liquid and granular insecticides is available to control chinch bugs. Granular insecticides can be applied with a standard fertiliser spreader and irrigated lightly to activate the insecticide.

Liquid sprays are usually applied using a hose-end sprayer that can apply 15 to 20 gallons of water per 1,000 square feet. To ensure even coverage, spray back and forth across the same area. Irrigation is not recommended following application of liquid insecticides. Watering the lawn before application can help the pesticide penetrate into the turf.

In cases where chinch bugs are restricted to isolated areas of the lawn, use spot treatments.

Treat the off color turf and all surrounding infested areas. Inspect the site every 3 to 5 days for at least 2 weeks to determine if the infestation is under control. Spot treatments minimise the impact of pesticides on beneficials and help avoid environmental contamination.

Should you have further questions or comments about this or any other landscape issue please feel free to contact me Marcus Sweeting at marqleads@gmail.com or 525-0933.

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THE TRIBUNE, HOME BUYERS’ GUIDE

Royall Beach Estates

EXPERIENCE THE MILLION DOLLAR VIEW from elegant wrap around balcony overlooking the private beach! One storey, 2nd floor, 2 Bed, 2 Bath Villa WITH SINGLE CAR GARAGE, boasts breathtaking oceanfront views! The open floor plan with neutral and white interior walls allow a fresh, clean ambiance throughout. Other bonuses are porcelain floors, New kitchen with beautiful wooden cabinetry, ALL NEW FURNITURE, NEW Master’s ensuite with walk-in closet. All NEW hurricane resistant windows and patio doors, PLUS roll down shutters. Amenities: Gated community with 24 hr security/ video and inviting infinity edge pool. The Charming, Pastel Coloured Villas are unique to all waterfront communities. Only minutes way from prestigious communities Albany and Lyford Cay. Short drive to Private and International airports. A superb property investment for diver and golf enthusiasts. Ref#1717 - Marilyn Ayearst

$529,500

Port New Providence - Seapointe Townhouse REDUCED TO SALE TODAY! $375,000! WATERFRONT 3 Bed, 2.5 Bath, Townhouse with bonus office. Swimming pool, private beach, tennis courts and boating enjoyment located in 24/7 Gated Community. Full backup GENERATOR! Owner financing available! Ref#1496 - Marilyn Ayearst

$375,000

Jimmy Hill Lot, Exuma

Gleniston Gardens

1 West Business Park

Palm Cay Garden Townhome

Reduced Price!! Spacious 26,098 sq ft. single family lot with extraordinary ocean views with elevations up to 70 feet overlooking natural bays and beaches. Ref#1738 - Nikki Boeuf

Single Family 3 bed, 3 bath, 1,791 sq ft. home on a large fully enclosed 9,000 sq ft lot. Features include central A/C, wood ceilings and burglar bars, a bonus room which can be utilized as a home office. Ref#1785 - Nikki Boeuf

New, highly anticipated commercial plaza scheduled to be completed by late 2018. Units will be 2,000 Sq. ft. or 3,000 sq. ft. configured on one level or two levels. Situated immediately East of the exclusive Charlotteville gated community, 1 West will offer more than 30 new outlets for upscale boutiques, Eateries and commercial businesses. Lease $3,333 p/m Ref#1804 - Nikki Boeuf

Spacious 2-Storey, 1934 sq ft. Townhouse, 3 Bed, 2.5 Baths with Large Patio, and 2nd floor Balcony and Ocean views. Open Floor Plan, with 10ft ceilings, Walk-in Wardrobe 2 Lovely Appointed Guest Bedrooms.

AMENITIES: 24/7 security, Beach, Marina, Fitness Centre, Tennis Courts, plus Clubhouse! Ready for immediate occupancy. Ref#1803 - Marilyn Ayearst

$190,000

$295,000

$500,000

$550,000

Eastern Road Home

Rose Island Lot #13

Ob Shanti

Bayroc Condominium

REDUCED PRICE!! Single family two story residence comprised of 3 bed, 2.5 bath with 3,116 sq ft of living space on a spacious 15,393 sq ft lot in a quiet gated community. Amenities: covered patio, pool and stand by generator.

Ref#1779 - Neil McKinney

24,523 sq ft Lot with excellent elevation and water views to both sides! Build your Island home or retreat located within this private community on Rose Island, known as Rose Island Beach and Harbour Club (R I B H C), with Protected Harbour. 15 minutes to Paradise Island and Nassau! This location offers the “best of both worlds” lifestyle! MLS 33136 Ref#1806 - Marilyn Ayearst

REDUCED PRICE & NEWLY RENOVATED 3 bed, 3.5 bath, 3,900 sq ft. tree house home overlooking the sea. Boasting an amazing infinity pool, generous balconies and 2 studios. Ref#1673 - Kim Aranha

Spacious 3 bed, 3.5 bath 2,400 sq ft luxury condo with an amazing ocean view in a secure gated community. Pristine landscaping, 24 hour security, tennis courts, fitness center and poo. Unit offered unfurnished.

Ref#1793 - Rudy Carroll

$595,000

$695,000

$849,500

$1,200,000

Chertsey – Great 2 Bed, 2 bath, 1,200 sq ft waterfront condo, security, central a/c, pool, patio, fully furnished. $2,300 Royall Beach Estates – Elegant 2 bed, 2 bath villa with million dollar OCEANFRONT view, NEW furnishing, balcony, in gated community. $3,500 Paradise Island – Modern 3 bed, 3 bath, 1,800 sq.ft fully furnished condo in gated community with pool, central a/c and equipped kitchen. $4,000 Charlotteville – New 3 bed, 2.5 bath home in secure gated community, fully furnished, private yard and stand by- generator. $6,000 Turnberry – Beautiful 4 bed, 4.5 bath PLUS DEN in exclusive gated community w/ pools, gazebo, modern kitchen, furnished. $9,000

Cannan Shores – Single family lot offering 5,040 sq ft of space in a quiet community in the Western District with utilities available. $60,000 Ixora Avenue – This 5,900 sq ft property with all utilities to property with great views in a well established, quiet neighborhood. $75,000 Lyford Hills – Multifamily 9,201 sq.ft lot in gated community with clubhouse, pool, tennis courts and near shopping. $130,000 Hanna Road – Single family 29,905 sq ft lot in family friendly neighbourhood near schools and shopping. $181,000 Sandyport – Extra Large 22,482 sq.ft single family corner lot in gated community and well constructed dock slip. $1,236,510