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Vernica Delancy explains: Buying in a sellers’ market

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#TurksandCaicos, April 2, 2021 – A Sellers’ Market is basically a market where demand exceeds supply. Currently there is a demand for beachfront land as beachfront rentals and residences are popular, also there is a demand for low income properties in the Turks and Caicos Islands.

With this said, if you are buying in a seller’s market there are a few things that you should be prepared to do:

Be prepared to make your best offer, if it is a property that you are truly interested in getting.

Be prepared to offer full price or above asking price again if this is a property you feel like you must have.

Your real estate agent can advise you on the most recent comparable sales which you can use as a basis for your offer. However, be open to the advice of your agent, in the case of multiple offers on a property, due to the lack of inventory and the demand for properties you may have  make an offer higher than the compared sale if you want to win the bid.

If you are not prepared to make a higher offer, then perhaps you would want to consider tightening your conditions on the offer making your bid more attractive to the Seller. For example, instead of using a commercial bank where you may need approximately 30 business days to obtain a mortgage, you may want to look at using a mortgage company who can approve a mortgage in less time.

Sellers look for the best price for their property, however, they also look for clean offers as well as quicker closings.

In a Seller’s market you have to be on your game and prepared to move quickly if you want to secure that dream property.

Crime

Shooting Incident

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***MEDIA RELEASE***

 

July 23rd, 2024.

 

Around 10:59 am, the Police Control Room received a call of gunshots at a location along the Millennium Highway, Providenciales.

Officers of the Royal Turks and Caicos Islands Police Force were dispatched and, based on preliminary investigations, were told that the occupant (s) of a red Suzuki Swift was at a business place when another car pulled alongside it, and the occupants started shooting.

The driver of the Swift drove off while the other unidentified vehicle sped off in a separate direction. 

Officers found the Swift abandoned near Miracle Close, Blue Hills, shortly after.

Based on investigations, no injuries were reported.

This remains an active investigation.

The RT&CIPF is asking anyone with information or CCTV footage of the shooting that may assist the police with enquiries to contact 911, the closest police station, the Serious Crime Unit at 231-1842, or call Crime Stoppers at 1-800-8477 and anonymously give any information.

Additionally, persons are being asked to download the Crime Stoppers P3 app.

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News

Twelve Officers Sworn In

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***MEDIA RELEASE***

 

July 23rd, 2024.

 

 

There are twelve new officers within the Royal Turks and Caicos Islands Police Force.

The officers—Ronn James, Ernie Henry, Aron Charlery, Andrew Ottley, Emmanuel Dabreo, Damion Clarke, Jeffrey Kaye, Roan Waugh, Shan Livermore, Kemar Chambers, Michael Campbell, and Ajay Budhai—took an oath to protect and serve the citizens of the Turks and Caicos Islands yesterday (July 22nd) afternoon at Police Headquarters, Providenciales.

Commissioner of Police Edvin Martin, who administered the officers’ oath, said, “Thank you for choosing the TCI. It will not be a bed of roses. Policing requires hard work, and you ensure our communities are safe. Your arrival was anticipated and highly overdue.

“You are now officers of the Royal Turks and Caicos Islands Police Force, and you are committed to the safety of the people of these archipelagoes. We must lead by example and not let our guard down. Stand firm on the foundation of our motto- Service With Pride and Integrity. Integrity is doing the right thing in the absence of anyone watching.”

The President of the Christian Council, Pastor Wilbert Jennings, delivered the opening prayer and told officers to always call on God in their time of need.

Deputy Commissioner Rodney Adams, Assistant Commissioner Kendall Grant, acting Assistant Commissioner Mat Newton, Chairman of the Police Welfare Association Sgt. Jepson Victor and Human Resources Manager Rex Swann also attended the ceremony.

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Crime

Male Charged with Theft and Handling Stolen Goods 

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***MEDIA RELEASE***

 

July 23rd,2024.

 

A 23-year-old male from the Bight, Providenciales, has been charged with the theft of a boat.

CHANDELER JOSEPH is expected to appear before a Magistrate next week to answer the following charges:

  • Two Counts of Theft
  • Two Counts of Handling Stolen Goods

The charges against Mr. Joseph followed a report of a stolen boat in the Turtle Cove district on July 19th,2024.

Inquiries were conducted shortly after Mr Joseph was arrested and subsequently charged.

The RTCIPF is asking anyone with information on illegal activities that may assist the police with enquiries to contact 911, the closest police station, the Serious Crime Unit at 231-1842, or call Crime Stoppers at 1-800-8477 and anonymously give any information.

Additionally, persons are being asked to download the CrimeStoppers P3 app.

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