Helpful Tips

REAL ESTATE CHARGES IN JAMAICA
   
Vendors Costs (Approximately)
   
Transfer Tax (Full) 2%
Stamp (1/2) price $2,500
Registration (1/2) price 0.25%
Sale Agreement  Shared 50/50 between Vendor/Purchaser
Sale Agreement GCT 15%
Attorney's Fee 3% - 5% (Fee's varies) 
Attorney's Fee GCT 15%
Agent Sale Commission 3%-5% (Commission rate varies as agreed with Vendor)
Agent Sale Commission GCT 15%
Letter of Possession Shared 50/50 between Vendor/Purchaser
Letter of Possession GCT 15%
   
Purchaser Costs (Approximately)
   
Stamp (1/2) price $2,500
Registration (1/2) price 0.25%
Sale Agreement Shared 50/50 between Vendor/Purchaser
Sale Agreement GCT 15%
Attorney's Fee 3% - 5% (Fee's varies) 
Attorney's Fee GCT 15%
Letter of Possession Shared 50/50 between Vendor/Purchaser
Letter of Possession GCT 15%
Surveyor's Identification Report Price varies 
Valuation Report Price varies (Example $3,000.00 per million of value of property + GCT and mileage to property)