8d8139a4ca318284291118c0708dfc0e
d77cf4315795c708799c9acb3299d0de
The Importance of Home Ownership for Jamaicans
Property acquisition during slavery turned out to be singularly important in determining who continued to remain in the employ of the plantation post Emancipation. West Indian freedmen who already had a taste of property ownership were typically not enamored with long-term plantation employment. Transitioning into the 1900’s property ownership provided real and symbolic economic liberalization…
BUYING A NEW HOME – 10 Common Real Estate Questions
1. What is the first step of the home buying process? Getting pre-approved for a mortgage should be the first step of the home buyer process. First, you need to know how much you can borrow. Knowing how much home you can afford narrows down home searching to suitable properties. No time is wasted considering…
Selling Property in Jamaica – COVID Considerations
The process of selling property in Jamaica ought not to be a difficult and arduous one. Certainly, for new purchasers the process can be fraught with anxiety given considerations as to identifying the best location, affordability of the purchase, finding a sufficient down payment and last but certainly not least the mortgage process which has…
Purchasing Property in Jamaica – COVID Considerations
Purchasing Property in Jamaica – COVID Considerations August 24, 2020 The anxieties brought on by the COVID pandemic has not spared those of us living in Jamaica. Like elsewhere there are concerns about general wellbeing and economic livelihood. Unlike other periods of uncertainty and economic contraction the most recent being 2008, the real estate market…
Procedure for Signing and Witnessing your Last Will and Testament
You must sign your will in the presence of at least two witnesses. If one of the witnesses does not see the actual signing of the will, the will is considered invalid. It is therefore important that the witnesses are aware of, and see you signing the document. It is not necessary for the witnesses to…
Coronavirus – Acts of God (Force Majeure) clauses in Real Estate Agreements.
Undoubtedly the coronavirus pandemic has brought about severe anxiety. The real estate industry has not escaped this uncertainty as primarily Purchasers and to some extent Venders consider their options in any Agreement for Sale or Purchase. A Purchaser who may want to cancel their Agreement must be guided by the terms of the contract. They…
Succession Planning considerations for the Jamaican Family owned business
From pre to post colonialism, micro small and medium enterprises (MSMEs) have been important drivers of equity, economic growth and sustained development in Jamaica. These enterprises create and retain wealth, generate employment, and provide the support for private sector growth and expansion. MSME and several of our larger privately owned companies in Jamaica are family…
Jamaican Housing Stock – Expensive and Scarce?
A recent Article in the Americas Quarterly contributed by Michael G. Donovan and Theresa Turner-Jones, titled, “Caribbean Housing Is Expensive and Scarce. How to Change That”, brings to our attention the endemic problem of housing in the Caribbean region. Closer home in Jamaica we see this dilemma being played out. Despite lethargic economic growth over…
Interview on how to get real and profit with real estate
Get real and profit with real estate Robert J Taylor is an Attorney-at-Law and founding partner of Taylor Law Williams Salmon with offices at Unit # 16, 80 Lady Musgrave Road, Kingston 10, Jamaica. Robert has a passion for real estate development and real estate investment and has aligned his practice with a focus primarily…