Our Agents have a broad range of experience assisting buyers in finding and securing property in Bermuda. We work on a co-brokerage basis with all local Realtors ensuring full market coverage of current properties for sale.

• If you require financing we recommend you make an appointment to meet with a mortgage representative from one or more of the local lending institutions to determine your 'buying power'. Once pre-approved for financing, when you find the perfect home you will be in a position to negotiate the purchase and enter into contract, subject only to final approval of your mortgage application.
• Once agreement has been reached, engage the services of a Property Attorney to advise you throughout the sales process.
• Upon signing sale and purchase agreements, you will be required to place a 10% deposit. The deposit will be held in escrow by the Stakeholder until closing and any interest accrued is for the benefit of the Purchaser.

The first and most important step when considering purchasing a home is to choose a reputable Agent with whom you can establish a good rapport as this translates into a great working relationship. The Agents at Joy Lusher Real Estate are discreet, competent, goal oriented professionals with a solid reputation for service and performance born of our ability to listen and correctly interpret our clients' needs and our willingness to always go the extra mile in our efforts to find you the perfect home.

Joy Lusher's Agents will diligently seek out a property that meets your specific requirements! We have access to all properties currently for sale island-wide either on a direct listing or co-brokerage basis. We will keep you apprised of any new listings and price adjustments on available listings, and disclose all information that may affect your decision to purchase.

Our sales associates are seasoned in the art of handling negotiations and you can be assured that the process of reaching agreement at a price acceptable to all parties will be handled with the utmost professionalism.

The laws regarding granting Bermudian status are strict and grants of status to non-Bermudians are unusual, except for those who qualify through marriage to a Bermudian. These restrictions resulted in a significant population of long-term non-Bermudian residents with no rights or benefits of citizenship under the law.

This was corrected in 2002 when the Bermuda Immigration and Protection Amendment Act introduced the Permanent Residents Certificate (PRC). The PRC offers some benefits to qualifying candidates, defined as those who have been ordinarily resident in Bermuda prior to July 31, 1989 and who are at least 40 years old on the date of application. A PRC offers the holder the right to live and work in Bermuda without requiring a work permit and increased security with regard to employment and residency; however, they are not afforded citizenship.

A PRC holder has the right to live and work in Bermuda and to purchase property, however, there are some restrictions. PRC's must make application to the Minister of Home Affairs for a license to acquire property. Permission will be granted to acquire a residential property only. PRC's are permitted to own two residential properties but not within a Government sponsored development. Each property is assessed with an Annual Rental Value (ARV). This ARV assessment provides the basis for the relatively nominal Bermuda land tax payable bi-annually on all residences. All other taxes and fees are subject to current government policy.

Bermuda consists of approximately 181 small islands but with a total area of only 21 square miles, therefore our Government has initiated policies that restrict foreign ownership of real estate to a limited category in protection of land ownership opportunities for future generations of Bermudians. Each property is assessed with an Annual Rental Value (ARV). This ARV assessment provides the basis for the relatively nominal Bermuda land tax, payable bi-annually on all residences; it is also used as a means of determining which properties are available for sale to International Purchasers.

International Purchasers must make application to the Minister of Home Affairs for a license to acquire residential property. Only houses or condominiums that meet the following criteria are available to International Purchasers; houses with an ARV of $126,000.00 or higher; and condominiums with an ARV of $25,800.00 or higher and are not permitted to purchase any condominium within a Government development. Non-Bermudians are permitted to own two residential properties.

Please contact one of our Sales Agents for further information on purchasing or details of Bermuda Real Estate properties available for your consideration.

It is customary practice for costs associated with the conveyance of a property to be shared equally between the Vendor and Purchaser; i.e. legal fees generated in preparation of the Conveyance