STEP 1 – Intial Consultation with An Expert
Your first step in preparing to sell your home is to meet with a Bermuda real estate specialist. During this initial meeting, your Coldwell Banker Bermuda Realty agent will learn every nuance and feature of your home and cover your home-selling goals. This is so they can create a custom marketing plan specifically tailored to maximize your net proceeds within the shortest time and address any regulatory issues upfront, so they don’t become unpleasant surprises once offers start coming in.

STEP 2 – Set the Sales Price
Price is the most important sales tool for your property. Overprice it and your property languishes on the market for months and becomes “stale” in the eyes of potential buyers. Underprice it and you lose thousands of dollars that otherwise would be in your pocket upon closing.

Arriving at an accurate asking price involves detailed research and experienced judgment, which is why all our agents have direct access to our proprietary database – Realty Plus. This database is the same information that our appraisers use for valuations with over 16,200 records/$8.35 billion in sales dating back to 1993. Comparing your property to other similar listings currently on the market and recent sales is crucial. After all, buyers are comparison shoppers.

STEP 3 – Determine Closing Costs and Net Proceeds
Once the ideal sales price is determined your Coldwell Banker Bermuda Realty agent can provide you with estimated closing costs including legal fees (covered in more detail below.) With this information your net proceeds are easily calculated.

Your agent’s closing estimates are based on current stamp duty payable on property conveyance, bar scale legal fees and industry standard commissions.  For a more detailed and exact estimate, consult your attorney.

STEP 4 – Stage Your Home
Staging is the process of enhancing your home’s appearance (inside and out) to best appeal to likely buyers. Your Coldwell Banker Bermuda Realty expert will provide you with suggestions to help make your home stand out from the competition while on the market.

If you have any questions about preparing your home for sale, just send an email to: mail@brcl.bm

Maximize Your Net Proceeds with a Customized Marketing Plan

Even if your home is priced correctly it still requires marketing it in a way that ensures the greatest exposure and highlights its unique benefits to potential buyers.

Here’s how Coldwell Banker Bermuda Realty will market your home for maximum net proceeds in the shortest timeframe with no surprises:

1. Expert Valuation – Our exclusive Realty Plus sales database (used by our professional appraisers and agents to help value property) has over 16,200 island wide records dating back to 1993. With over 700 years combined experience, we know Bermuda property values inside and out.
2. Identifying Unique Benefits – We work tirelessly to determine your home’s and neighborhood’s special features that are most attractive to likely buyers and then incorporate them into all marketing materials.
3. Expert Staging Advice – We make recommendations to enhance your home’s appearance (inside and out) to best appeal to likely buyers.
4. Expert Photography / Videos – Our professional photographers / videographers capture the beauty and best look of your home to best highlight its curb appeal.
5. Full-Immersive Virtual Tours – For some types of luxury properties available for international buyers we will also create a sophisticated Virtual Tour that allows buyers to explore your home from the comfort of the web.
6. Customized Brochure – Full color brochures designed exclusively for your home are created and published online for our international luxury properties.
7. Early Buyer Notification – As the largest Bermuda real estate firm we have many buyers who are waiting for a property like yours. They are the first to receive notice of your home’s availability when it officially is put on the market, creating a sense of urgency that fuels early competitive interest and offer activity.
8. Listing on ColdwellBankerBermuda.com Website – Bermuda’s #1 real estate website with over 10,000 unique visitors monthly.
9. Listing on ColdwellBanker.com – All properties are also listed on this #1 real estate website in the world.
10. Listing on PropertySkipper.com – Bermuda’s version of an “MLS” that provides your home additional exposure to buyers and other agents who have buyers as well.
11. Social Media Blitz – Extensive promotion of your home on the several of the most prominent and viewed social media outlets.

The above is just the beginning because our Marketing Experts are constantly looking for additional ways to promote your home to the most likely qualified and serious buyers. They also will keep you up to date on the progress once marketing starts.

Most importantly: We Are 100% Focused On You!

If you have any questions about a custom marketing plan for your home, just send an email to: mail@brcl.bm

Offers Are Coming In… Now What?

Typically, as the Seller, you will make a decision within a few days as to whether or not you will accept an offer. You may accept it as is, reject it outright or come back with a counter-offer. Your Coldwell Banker Bermuda Realty specialist is well-equipped to guide you in making any counter offers should that be the case.

Once you have accepted an offer, a number of things that must be done prior to the property being removed from the market. Unless the ENTIRE list of below items is completed, the property will continue to be shown, advertised and offers encouraged in accordance with established legal practices and contract law:

• Buyer remits a Ten percent (10%) deposit
• Your attorney approves the Sales and Purchase Agreement with agreed conditions
• The buyer’s attorney does the same
• The buyer provides a letter of final approval of financing from your lending institution (if not purchasing all cash)
• Once the Sales and Purchase Agreement is agreed by all, it is signed in triplicate by the Purchaser followed by the Vendor (you) and Coldwell Banker Bermuda Realty
• Copies are stamped by Coldwell Banker Bermuda Realty
• One copy is distributed to the Purchaser’s attorney, one to your attorney and one is retained by us as your Agency

Until such time as ALL the above is completed, you still have the right to accept any other offer or rescind your acceptance.

Only after the deposit is received and ALL parties have signed the agreement is it a legal and binding contract.

It is important to be aware that because the Realtor is in a contractual relationship with the Vendor, the Agent is REQUIRED to present ALL offers to you even if the you have already accepted another offer.

If you have any questions about accepting offers, just send an email to: mail@brcl.bm

* There are rare cases where the Realtor will enter into an agreement to represent the Buyer. This is called a Buyer’s Agency and the Buyer is then responsible for the commission.

In a real estate transaction, it is possible for the Agent to represent a seller only, a buyer only, or both parties simultaneously. You and the Agent need to agree on one of these three alternatives:

The Seller Only

Under a listing agreement or other agreement with the seller, the Agency and its Sales Associates act as the Agent or Sub-agent of the seller. They owe their fiduciary duties to the seller only. Where an Agent who is representing the seller has listed the property with another Agent, that Agent is called a Co-broking Agent.

The Buyer Only

The Agent and its Sales Associates act as Agent for the buyer, only if the buyer pays all or part of the Agent’s commission. The Agent and Sales Associates owe their fiduciary duties to the buyer only.

The Seller and the Buyer

The Agent is the Agent of both parties. This arrangement is called dual agency. The Agent should only act as a dual agent if both the seller and buyer consent. The Agent is obligated to treat both parties honestly and impartially and to work so as to not favor one party or disadvantage any party.

When you enter into discussions with a real estate Agent regarding a real estate transaction, you should know whom the Agent will be representing in that transaction. All real estate Agents and their Sales Associates should promptly disclose their agency relationship to each actual or prospective party to a transaction. This disclosure will help you understand the choices that you can make regarding agency relationships.

The Agent’s Duties

A real estate Agent normally will enter into an agreement to represent and act as the “Agent” for its client. Where an agency relationship exists, the Agent and their Sales Associates owe a “fiduciary duty” of loyalty, obedience, confidentiality, advice and reasonable care to the client. No real estate agent has any authority to make or give any warranty in relation to a property. Regardless of which party the Agent is representing, the Agent and Their sales associates are required to treat all parties honestly and to deal in good faith. Agents must promptly present all offers, respond truthfully to questions concerning the property and offer their services without discrimination.

There are two situations where Dual Agency occurs:

1. The Sales Associate is acting as the Listing Agent & the Selling Agent for both buyer and seller.
2. Two Sales Associates from the same company; one acting as the Listing Agent whilst the other is acting as the Selling Agent. Should parties agree to Dual Agency where the Listing Agent is not the same person as the selling agent, the Listing Agent will be deemed to be representing the seller only and the selling agent will be deemed to be representing the buyer only. Each Agent will keep confidential all information obtained from that Agent’s client unless that client consents to disclosure.

If you have any questions about agency representation, just send an email to: mail@brcl.bm

Just CLICK HERE to download a PDF document that contains tables of fees associated with a typical Bermuda real estate transaction.

If you have any questions about Stamp Duty or Conveyance Fees, just send an email to: mail@brcl.bm

Peace of Mind – our unparalleled experience ensures you will have a smooth and successful transaction:

• We are 100% Bermudian owned/operated and have been a trusted local company since it was formed in 1953.
• We have over 700+ collective years of experience in real estate and over 40 licensed personnel.
• We are involved in 1/3 of all the property transactions in Bermuda.
• Our agents are ranked in the top 2% of Coldwell Banker Representatives Worldwide.
• We are a Full-Service Real Estate Company including sales, rentals, commercial sales & leasing, appraisals, land surveying, property management, development consulting and vacation services.

Greatest Opportunity – our extensive local networking and global reach through Coldwell Banker Global Luxury means you will have access to the largest inventory for purchasing and premier marketing of your home when it comes time to sell:

• We are the largest real estate company in Bermuda, with the largest inventory, client base, and marketing exposure.
• Our website, ColdwellbankerBermuda.com, is updated daily to give you immediate access to the newest listings available for purchase.
• Our exclusive Realty Plus sales database (used by our professional appraisers and agents to help value property) has over 16,200 island wide records dating back to 1993.
• Our exclusive multi-point marketing plans, tailored specifically to your property, gives the greatest exposure to your home offline and online, including listing on ColdwellBanker.com, the #1 visited real estate website.

Most importantly: We Are 100% Focused On You!

If you have any questions about how we can help you with your Bermuda real estate needs, just send an email to: mail@brcl.bm

When you employ the services of a licensed real estate agent, you are hiring an individual who is familiar with the legal and regulatory nuances of Bermuda real estate.

Commission involved in the transaction (typically paid by the Vendor / Seller), covers the cost of the Agent’s time.

When you employ the services of a Coldwell Banker Bermuda Realty Sales Representative, you are hiring a Company who is committed to and fully capable of servicing all of your real estate needs.

With over 40 full-time staff, Coldwell Banker Bermuda Realty offers qualified marketing staff, professional land surveyors, accredited valuers, and the administrative support to make it all work for you!

Generally speaking, all Agents in Bermuda charge the same rate of commission (5% typically paid by the Vendor / Seller). You want to choose the Agent with the most experience and skills to achieve your objective in the shortest time possible. Coldwell Banker Bermuda Realty can offer you over 700 years of Bermuda real estate experience which means a smooth transaction with no surprises.

If you have any questions about how we can help you with your Bermuda real estate needs, just send an email to: mail@brcl.bm