There is still time to take advantage of the reduced stamp duty in TCI. Until November 20th, you can cut the stamp duty in half on the purchase of your new Caribbean vacation home!
What You Need to Know
This reduction applies to offers from now till November 20th, and is not applicable to offers made before the launching of this program launched September 21st. The purchase must be on a property under 2M USD, and must close by the November 20th deadline. If you miss this deadline, you can still qualify for a 25% reduction if the deal closes by December 20th.
The reduced stamp duty in TCI is having a significant impact on the real estate market. Buyers who were sitting on the fence are taking advantage of this deal even if they are not able to travel back to view the property again. On a 1M purchase, your savings at 50% are $50,000!
Financing Options During Covid
We still have great private options for those looking to finance their new home. We are able to finance up to 50% of the purchase of your property with a very quick and easy qualification process. Our investors are still very bullish on the TCI during these uncertain times.
We also still have a jumbo bank option as well, however the property must be 2M USD and up, meaning it will not qualify for the stamp duty reduction. If you are able to get under contract for just under 2M, we can likely get the exception you need to qualify for this great product.
Contact us today to discuss your options for purchasing a property in the Turks and Caicos Islands!
