Tobago Villas For Sale – Real Estate In Tobago

Tobago Villas For Sale – Sunset Valley Estate

This property for sale in Tobago – Sunset Valley Estate is located above Englishman’s Bay along the Caribbean Sea on the northern coast of Tobago. This area, between the villages of Castara and Parlatuvier, is considered the most lovely and tranquil region of Tobago.

The villa is perched along a ridge overlooking picturesque Englishman’s Bay and the Caribbean, surrounded by three acres of lush, mature landscaping and orchards. It is truly something special for anyone looking for houses to buy in Tobago.

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Tobago Home For Sale – Sunset Valley Estate

Area: Englishman’s Bay | Tobago

Bedrooms: 4

Bathrooms: 4

Parking: 10

Size: 88,000 sq ft

Price: TTD: 4,868,500.00 | USD: 749,000.00 (neg) .

Land Price: $ 55.32 per sq ft

Contact: (868)-759-1712

TOBAGO PROPERTY- Sunset Valley FEATURES and SPECIFICATIONS:

  • Two acres of manicured grounds with over 40 mature fruit trees and dozens of flowering trees and shrubs. A third adjoining acre is available for sale, as well.
  • Huge, shaded wrap-around veranda surrounding entire house.
  • Villa’s inside living area is +/- 200mq (2100 sq. feet) in open, comfortable living style.
  • Huge, wrap-around veranda offering another +/-100mq (1100 sq. feet) of living space
  • Four bedrooms
  • Three bathrooms (two ensuite)
  • Fully equipped, well-lit kitchen (microwave, dishwasher, etc.)
  • Spacious great room with high, vaulted ceiling.
  • Laundry room with washer, dryer and large utility sink.
  • Beautiful terrazzo floors throughout, including veranda.
  • Unique touches throughout villa, such as tiled patterns in shower/bath areas, many mirrored surfaces, etc.
  • Cedar shingle roof.
  • Satellite TV/VCR/DVD.
  • Pool (5m x 12m) with oversized patio (14m x 18m) and outdoor shower
  • Three-speed ceiling fans throughout house.
  • Villa will come furnished (we will only remove a few personal items)
  • Gated entry
  • Two separate, independent living areas. Gatehouse (60mq.) and caretaker’s apartment (45mq.), both with kitchen, bath, bedroom and living rooms. The gatehouse has office space and is air-conditioned.
  • Property has water tanks of 4,000 gallons for reserve.
  • Views of the Caribbean and the rain forest are magnificent.
  • 10 minutes or less to three of Tobago’s best beaches.
  • Good rental history. The current owner would agree to stay as caretaker and/or help with rental of property, if requested.

Buying Property In Tobago

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Sunset Valley’s location allows you a variety of options. You can enjoy Tobago’s lovely beaches, hike in the tropical rain forest, golf at one of the island’s championship courses, scuba, snorkel, fish, sail, take a helicopter tour or simply take advantage of the villa’s casual comfort…lay by the pool, enjoy a book while lounging in one of the hammocks, or spy on the large variety of colorful birds who also enjoy the delights of Sunset Valley.

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House For Sale In Cunupia Trinidad

House For Sale In Cunupia – River Road

Fixer Upper – Great Location

TTD: $1,050,000.00

The owner is very motivated to sell. This is a great investment for someone willing to do some work. Similar to houses on the show Fixer Upper and Property Brothers this home needs some work to make it more modern with updated fixtures.

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Cunupia House For Sale- Mon Plasir Road

Area: Mon Plasir – River Road | Cunupia

Bedrooms: 4

Bathrooms: 3

Parking: 5

Size: 5,100 sq ft

Price: TTD 1,050,000.00 (neg) .

Land Price: $ 205.88 per sq ft

Contact: (868)-759-1712

The house is in a good location, 5 minutes from Scotia Bank on the southern main road. Flat land and a corner lot just over 5,000 sq ft of land with potential. At present the rental income totals over $5,500.00 making it a great investment

This house for sale in Chaguanas can also be a family home. With some TLC and modern upgrades this can become a modern house with great curve appeal. It has easy access to the highway and minutes from Curepe and the airport.

Homes For Sale In St Augustine Trinidad

St Augustine is a town in the north-west of Trinidad and Tobago. TNT Homes For Sale is # for selling homes for sale in St. Augustine Trinidad. Many houses in the general university area have been converted to students’ accommodation, making the area a high demand community. Hugh Wooding Law School is also located in St Augustine. The residential areas have homes for sale in St Augustine.

Homes For Sale In St Augustine

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Area: St. Augustine

Price: TTD: $ 4,200,000.00

Size: 13,000 sq ft

Bedrooms: 3

Bathrooms: 2

Ref: OA3689122

Residential furnished home with a charm of its own. 3 bedrooms 2 bathrooms with an additional guest bedroom/study and bathroom. Master en suite with walk-in-closet. Covered front porch off informal family room and large side balconies overlooking views.

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Area: Santa Margarita | St. Augustine

Price: TTD: $3,500,000.00

Size: 5,000 sq ft

Bedrooms: 3

Bathrooms: 3

Ref: OA6421553

This split level house is situated on 5000 sq.ft of freehold land, in the St. Augustine , UWI community. Great to acquire as an investment, or to live comfortably in the residential community of St.Augustine. Situated with easy access to everywhere.

 

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Area: Ragbir Street | St. Augustine

Price: TTD: $ 3,800,000.00

Size: 11,100 sqft

Bedrooms: 3

Bathrooms: 2

Ref: OA6421553-1

This executive style tri-level house is situated in a quiet residential and scenic valley. Has all the comforts of home, cozy warm kitchen, spacious TV room, laundry area and a basement gym.The serenity of a nicely landscaped garden.

Homes For Sale In St Augustine – Townhouse

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Area: Gordon Street | St. Augustine

Price: TTD: $1,500,000.00

Size: 1600 sq.ft

Bedrooms: 3

Bathrooms: 2.5

Ref: OA3689122-1

Ideally located townhouse situated close to UWI and The Law School on Gordon Street. Gated community. Covered Front porch. Open plan living and dining area. Master bedroom en suite

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Area: Santa Margarita | St. Augustine

Price: TTD: $3,800,000.00

Size: 15,000 sq ft

Bedrooms: 4

Bathrooms: 2

Ref: OA3017986

This beautiful property hosts a spacious house, comfortably perched on a picturesque gently sloping 15000 sq. ft. lot. This property also has approval for 5 Townhouses. The outdoor space is well-groomed and offers potential for beautiful landscaping.

Townhouse For Sale In St Augustine

Area: Avilla Court | St. Augustine

Price: TTD: $2,200,000.00

Size: sq ft

Bedrooms: 3

Bathrooms: 2

Parking: 2

Ref: OA0731092

Welcome to Avilla Court, gated compound, this fully air condition end unit has been completely refurbished. New modern furniture, fixtures and stainless steel appliances (electronic or gas stove). Spacious master bedroom ensuite with separate walk-in closet, lots of cupboard space. Located close to schools, super market and public transport. Maintenance $200 monthly

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House For Sale In Diego Martin – Armondale Drive

House For Sale In Diego Martin

This house is located in Armondale, St. Lucien Road, Diego Martin for sale at $2.6m. Cosy 3 bedroom 2 bathroom family home consisting of 1,800sf of living space. Open plan kitchen, dining and living area, flows into the bedroom area where three bedrooms are cleverly tucked away behind wooden swing doors. This is an affordable home for sale in Diego Martin Trinidad.

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Diego Martin House For Sale – Armondale Drive

Area: St. Lucien Road | Diego Martin

Bedrooms: 3

Bathrooms: 2

Parking: 2

Size: 6,000 sq ft

Price: TTD 2,600,000.00 (neg) .

Land Price: $ 433.33 per sq ft

Contact: (868)-759-1712

Ref #: OA-9535047

With just over 6,000sf of flat land , the back yard provides an untouched canvass for the new home-owner to create their own personal area ,be it a gazebo or covered patio for entertaining along with a pool for all to enjoy.The space can also be utilized to create an investment income apartment.

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Sunrise Park Trincity House For Sale – (SOLD)

Trincity Sunrise Park House For Sale

A gated community 3 bedroom, 2 bathroom single storey home for sale in Sunrise Park. With 24 hr security your family will be safe giving you peace of mind. The master bedroom is en-suite and air condition. The lot size is 5000 sq ft with a nice back yard.

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Sunrise Park Trincity House For Sale

Area: Sunrise Park | Trincity

Bedrooms: 3

Bathrooms: 2

Parking: 2

Size: 5,000 sq ft

Price: TTD 2,500,000.00 (neg) .

Land Price: $ 500.00 per sq ft

Contact: (868)-759-1712

Ref #: OA-3017986

 Sunrise Park Trincity is a sort after neighborhood to live in the east. Within minutes for Trincity Mall, commercial banks, ATMs, Piarco Int’l Airport, Piarco Plaza, Hotels, Golf Course and schools, this is a home that you can plant roots.

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Diamond Vale House For Sale

Diamond Vale House For Sale – Diego Martin

This can be your home in Diamond Vale, Diego Martin. With 5 bedrooms and 4 bathrooms you have all the space you need for you and your family in the residential community of Diamond Vale, Diego Martin.

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Diamond Vale House and Land For Sale

Area: Diamond Vale | Diego Martin

Bedrooms: 5

Bathrooms: 4

Parking: 2

Size: 4,000 sq ft

Price: TTD 2,000,000.00 (neg) .

Land Price: $ 500.00 per sq ft

Contact: (868)-759-1712

Ref #: OA-6421553

This is a two storey house,very spacious, wide corridors, inner staircase. Open floor plan of living, and dining areas. indoor laundry . Great views of the mountain, because of location, its great as an investment, but also can be your private resident. Just minutes from Starlite Shopping Plaza, Superpharm, restaurants, and supermarkets. Easy access to the highway, and main road.

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Freeport Trinidad House For Sale Cheap

Freeport Trinidad House For Sale

Residential property ideal for family living is now available for sale . This concrete single storey building consist of 3 bedrooms (master bedroom en suite) and 2.5 bathrooms.

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Freeport House For Sale – Video

Area: Freeport | Couva

Bedrooms: 3

Bathrooms: 2

Parking: 4

Size: 5,000 sq. ft

Land Price: $ 390.00 per sq ft.

Price: TTD: $ 1,950,000.00 (neg)

Contact: (868) 759-1712

Ref# TNT013

Tel: Sanjeev

The premises is fully fenced with a sliding gate. Located on Calcutta #2 Main Road – Very Easy Access to the Highway – Land 5000 sf, House 2400 sf – Fully Fenced and Secure – Remote Control Gate, Tank, Pump, Water-heater – Teak Kitchen Cupboard & Granite Counter Top.

Neighborhoods: Fairview Park, Christian Village, Arena Gardens

Arima Trinidad House For Sale – (Sold)

Arima House For Sale – Cleaver Woods

For our customers who are asking for more affordable properties. This property located in Cleaver Woods, Arima has lots of floor space with 6 bedrooms, 3 bathrooms, living room, dining room and kitchen.  The home also offers income earning potential.

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 Cleaver Woods, Arima House For Sale

Area: Cleaver Woods | Arima

Bedrooms: 6

Bathrooms: 3

Parking: 4

Size: 5,420 sq. ft

Land Price: $ 276.75 per sq. ft

Price: TTD: $ 1,500,000.00 (neg)

Contact: (868) 759-1712

Ref# TNT012

Tel: 868-718-3482

This Cleaver Woods home is minutes from the heart of Arima making it close to all amenities. Banks, Groceies, Arima Veledrome, Restaurants, Dining Lounge and more. It will be a pleasure to show you this Arima House For Sale.

Top 3 Reasons To Buy A Home In Trinidad and Tobago 2017

Buying A Home In Trinidad and Tobago 2017

Owning a home is a primary need for new families, young professionals, single parents and the real estate investor. The real estate industry in Trinidad and Tobago has seen its ups and downs over the last decade but one thing remains constant – PRICES KEEP RISING.

With recent years the price of oil on the global market has reduced significantly from over USD 100.00 (2008) to under USD 40.00 (2016) per barrel. Trinidad and Tobago economy continues to feel the impact due to the reduction in oil prices. The government does not have the resources or the revenue of years gone by to build low-cost housing to meet the needs of the country.

The main services these companies offer as “Mortgage Products”:

  • Home Acquisition Loans
  • Home Construction Loans
  • Home Renovation Loans
  • Land Loans
  • Reverse Mortgages

In particular, I want to stress the importance home buying in 2017. While many may want to wait to see how things play out, I encourage you to rethink things. In fact, 2017 should be the year prospective buyers make the leap, and for more than one reason. Let’s take a look at three specific reasons those considering purchasing a home should act sooner rather than later.

  1. Low Mortgage Rate

mortgage rate drop

Many of us need a mortgage to purchase a home. The main players in this game of home financing are the commercial banks. Traditionally Scotiabank was at the top of the pack with mortgage finance with affordable mortgage rates for first time home owners. The market has changed the banks are lining up for your business.

The banks include First Citizens Bank, RBC Royal Bank and Republic Bank Ltd. There are other institutions that provide mortgages such as Trinidad and Tobago Mortgage Finance, Home Mortgage Bank and Eastern Credit Union.

The Central Bank of Trinidad and Tobago Mortgage Market Reference Rate

The Mortgage Market Reference Rate is an interest rate benchmark against which mortgages are to be priced and re-priced. It is computed by the Central Bank based on information on commercial banks’ funding costs and yields on ten-year treasury bonds. The Mortgage Market Reference Rate is announced by the Central Bank on a quarterly basis on the first working day in the months of March, June, September and December. As at December 2016 the rate is 3%.

RBC Royal Bank now has “Mortgage Specialist”. What is a mortgage specialist? The bank created positions and trained persons who are dedicated to help individuals and businesses secure home ownership. The catch phrase “We will meet you almost anywhere”.

low mortgage rates

RBC Royal Bank – RBC Prime Rate – 2.7%

Scotia Bank Ltd – Scotia Prime Rate – 2.7%

First Citizen Bank Ltd. is Trinidad and Tobago locally owned bank. A visit to their website you will be able to click on the link to meet their “Mortgage Experts”.

First Citizen Bank – Prime Rate 3.5%

Republic Bank Ltd – Prime Rate 4.0%

The average mortgage rate is slightly higher than 4%, but don’t expect it to stay there. In fact, it’s no longer a question of whether or not rates will increase in 2017, but when. As the government has suggested on multiple occasions, the reason for increasing the key interest rate is strengthening by the day. Some put the potential increase upwards of an additional 2% in as little as three years, and there is nothing to suggest otherwise.

General consensus suggests rates will continue to rise in accordance with the economy, but I digress. The impending rate hikes aren’t something to be afraid of, but rather something to motivate buyers to act sooner. Prospective buyers may want to consider acting now, before they are saddled with slightly higher monthly payments.

2. Lack of Homes For Sale Listings

Unlike the government decision to decision to increase super gas prices in the last budget, the number of available housing inventory or lack thereof, is common knowledge to the average homebuyer. It is a daunting task to find a home for sale in a “GOOD AREA” for less than 1 million dollars. However, simply knowing about a problem doesn’t solve it. If for nothing else, new listings levels for the average man are even worse off than they were just a few short months ago. The good/bad news is there are more luxury homes for sale. Therefore if your budget is between 3 million and 8 million then there are several options.

House prices in the islands range from around TT$1.5 million (US$240,000) to TT$8 million (US$1.26 million), depending on size, location and amenities – though of course there are super-luxurious and also low-end houses (without title) that fall well outside this range.

In Trinidad, the price of three-bedroom single-storey home starts at around US$310,000 in January 2016, according to Sarah Joseph, a real estate broker with Sunrise Properties. In the more desirable neighborhoods of West Trinidad, modern homes are priced from about US$550,000.

At The Crossings, located on the outskirts of the bustling town of Arima in Trinidad, three bedroom houses are currently being offered from around TT$1.76 million (US$265,000) to TT$2.2 million (US$330,000). On the other hand, residential land in The Crossings sells for less than TT$120.5 (US$19) per square foot (sq. ft.).

In Tobago, the price of small condominiums starts at around US$390,000 while single-family homes start at about US$550,000.

The number of available homes we saw in November represented a 10% decline from the previous year, adding to a trend that has seen inventory drop incrementally for the better part of a decade. What’s more, there is nothing to suggest the trend won’t continue for at least the foreseeable future.

It’s hard to argue with the inventory shortage, which begs the question: What do today’s inventory levels mean for tomorrow’s buyers? One thing is for certain: buyers will have more homes to choose from the sooner they decide to purchase.

Not surprisingly, inventory is shrinking by the day, which spells catastrophe for those that would rather avoid competition. At the very least, a lack of inventory will increase home prices and make finding the right home a lot more difficult. That said, you may want to start looking for your new home sooner rather than later.

3. Prices Continue To Rise

trinidad-and-tobago-property-prices

One indicator, perhaps more than any other, should motivate homebuyers to act sooner rather than later: appreciation. It’s worth noting that home values have not only pulled themselves out from the depths of the last recession, but also eclipsed their peak just before the 2007 crash. In fact, home prices increased 5% from 2015 to 2016 alone, and experts wouldn’t be surprised if this year tacked on another 2% or 3%. It should go without saying, but those of you looking to buy a home should act now if you want to avoid paying more for the same property.

“Prices continue to go up; we have yet to see that ceiling,” says Lauren Carabache, a real estate agent with Lauren Carabache Real Estate Services Ltd. in Trinidad and Tobago.”

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Transaction Costs                                                     Who Pays?

Stamp Duty     3.0% – 7.5%                                        buyer

Legal Fees       0.5% – 1.5% (+ 15% VAT)                    buyer

0.5% – 1.5% (+ 15% VAT)                                            seller

Real Estate Agent´s Commission       3.0% – 5.0%     seller

Costs paid by buyer                           3.58% – 9.23%

Costs paid by seller                            3.58% – 6.73%

ROUNDTRIP TRANSACTION COSTS     7.08% – 15.73%

When the price of the property has been agreed upon by the buyer and the seller, both parties enter into an Agreement of Sale and a 10% deposit to be held in escrow is required of the buyer. It is stated in the Sales Agreement that both parties have 90 days to complete everything that is needed to close the transaction.

The next step is to hire a lawyer to prepare documents for Conveyance and to do a title search on the property. It must be ascertained that the property is free from any encumbrance.

After the all costs, including the balance on the purchase price, have been paid, the stamped instruments must be registered. Under the Real Property Ordinance, registration is compulsory for the transfer to be effective. The lawyer will register the property in the Red House (the seat of the National Parliament). The registration must be brought to the Warden’s Office where the property is located.

time-to-buy-a-home-is-nowI maintain that 2017 remains a very encouraging year for the entire housing sector. While interest rates are expected to rise, they are still relatively low, at least compared to the double-digit numbers we have seen in the past. And while 4% may seem like a lot to those who became overly familiar with today’s low rates, it’s a far cry from what people paid a generation ago.

 What’s more, prices are only expected to continue rising, so you may want to jump on a deal when you see one, as opposed to waiting things out. All things considered, the housing market Trinidad and Tobago has made great strides since the recession, and 2017 may be the year we see everything come together.

Vistabella House For Sale

Vistabella House For Sale – San Fernando

Vistabella is one of the most convenient areas to live within the San Fernando area. It provides access to the highway and the Southern Medical Clinic with several points of entry and exit. Not to mention its minutes away from numerous supermarkets, food outlets, banks and ATM facilities and schools. This house creates the ideal home for a family that is searching for convenience and the benefit of a quiet environment.

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Vistabella House For Sale

Area: Vistabella | San Fernando –(SOLD)

Bedrooms: 3

Bathrooms: 3.5

Parking: 2

Size: 6,500 sq. ft

Price: TTD: $ 4,500,000.00 (neg)

Contact: (868) 759-1712

Ref# TNT010

Lovely, 3 bedrooms 3.5 bathrooms home on 6500 sq ft of land – located on Happy Hill so spectacular views of San Fernando Hill and overlooking St. Joseph Village. Teak cabinetry throughout. Very large master bedroom with high ceilings, walk in closet and en suite bathroom with marble bath tub. Covered parking for 2 cars. Very large downstairs with full kitchen, currently used for laundry area and storage, leads onto the back yard and pool. The downstairs space is perfect for entertaining or converting into an apartment or home office.

House For Sale In San Fernando

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Area: Vistabella | San Fernando

Bedrooms: 3

Bathrooms: 2

Parking: 2

Size: 5,000 sq ft

Price: TTD: 2,500,000.00 (neg) .

Land Price: $ 500.00 per sq ft

Contact: (868)-759-1712

Ref: RSL2323074

Recently Vistabella, San Fernando renovated two story home with 3 bedrooms, 2 baths, laundry room, office, 1 car garage, living room and dining room. Master bedroom is En suite with shower tub and walk in closet. Well landscaped and fenced with automatic gate. Home is located in a quiet neighborhood, with views of the Gulf of Paria, central and northern range

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