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#437237 - 05/06/12 10:55 AM Developments on AC that went "right" ??  
Joined: Sep 2010
Posts: 350
Decompression Offline
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Decompression  Offline
With all the horror stories of developments on AC that took forever, had shady developers, went BK during construction, or were sold multiple times and owners who are still waiting for even the basics for their payment....

Any developments that seem to have gone well, from start to finish? Developers that actually started on infrastructure before all down payments were collected..etc. Developers with a proven track record here on the island that can just build, and they will come?

I'd like to hear some of the Feel Good Stories. And names of course.

Opinions?


DC

#437239 - 05/06/12 11:14 AM Re: Developments on AC that went "right" ?? [Re: Decompression]  
Joined: Dec 2009
Posts: 223
pirate villas Offline
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pirate villas  Offline
my building was built in only 6 months from start to finish and was pretty custom with pool and all...so i think mine went well

#437242 - 05/06/12 11:44 AM Re: Developments on AC that went "right" ?? [Re: pirate villas]  
Joined: Sep 2010
Posts: 350
Decompression Offline
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Decompression  Offline
Originally Posted by pirate villas
my building was built in only 6 months from start to finish and was pretty custom with pool and all...so i think mine went well


Nice.
I sent you a PM Pirate Villas

Anyone know who the developer of Grande Caribe was?

What about the developers behind Sandy Point Resorts/Southwind Properties ?

DC

#437244 - 05/06/12 12:10 PM Re: Developments on AC that went "right" ?? [Re: Decompression]  
Joined: May 2000
Posts: 6,638
Amanda Syme Offline
Amanda Syme  Offline
Yes Grand Caribe was built with no problems and was funded and has even expanded to the neighbouring lots now.

Miramar Villas - same developers as Grand Caribe.

Pelican Reef Villas and Athens Gate

Tara Del Sol and Tara Del Mar

There is actually a really long list.

As with any real estate deal, buyers just need to ensure that they engage a knowledgeable realtor that has a vested interest in advising a buyer what is right for the buyer - not what the realtor can make a quick buck on. The realtor needs to know the developer's track record, the possible pitfalls etc. etc. Sometimes a buyer will enter into a higher risk property purchase and that can go one of two ways, disaster and loss of investment or enjoying a great condo or face a great appreciation on their investment.

There are scores of properties that my company never represented due to concerns of completion but there are many that we have successfully represented and the buyers, developers, sellers and agents ended up living happily ever after....


#437247 - 05/06/12 12:32 PM Re: Developments on AC that went "right" ?? [Re: Amanda Syme]  
Joined: Sep 2010
Posts: 350
Decompression Offline
.
Decompression  Offline
Originally Posted by Amanda Syme
Yes Grand Caribe was built with no problems and was funded and has even expanded to the neighbouring lots now.

Miramar Villas - same developers as Grand Caribe.

Pelican Reef Villas and Athens Gate

Tara Del Sol and Tara Del Mar

There is actually a really long list.

As with any real estate deal, buyers just need to ensure that they engage a knowledgeable realtor that has a vested interest in advising a buyer what is right for the buyer - not what the realtor can make a quick buck on. The realtor needs to know the developer's track record, the possible pitfalls etc. etc. Sometimes a buyer will enter into a higher risk property purchase and that can go one of two ways, disaster and loss of investment or enjoying a great condo or face a great appreciation on their investment.

There are scores of properties that my company never represented due to concerns of completion but there are many that we have successfully represented and the buyers, developers, sellers and agents ended up living happily ever after....



Thank you Amanda.
I purchase my already built condo, but have never been through the "process" of a bare sand to built structure experience.

I have been hearing stories interesting stories of many new developments in some prime areas of North AC,( NOT GBE) and I am trying to get some inside information on the "good guys", when it comes to to responsible development.

DC

#437250 - 05/06/12 01:52 PM Re: Developments on AC that went "right" ?? [Re: Decompression]  
Joined: May 2000
Posts: 6,638
Amanda Syme Offline
Amanda Syme  Offline
The sandy point guys have produced some nice projects including coco beach and Belizean coves, but they have taken a long time to complete. I don't know if they will improve their timing with their new project.

#437262 - 05/06/12 06:02 PM Re: Developments on AC that went "right" ?? [Re: Amanda Syme]  
Joined: Jun 2005
Posts: 2,010
Loansum-Al K Offline
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Loansum-Al K  Offline
If you want to purchase property on AC please use one of the many professional Realtors on the Island........not someone that you happen to meet in a bar that is trying to make a quick buck!


I'm happier than a pig in s__t...a foot on the sand...and a Belikin in my hand!
#437265 - 05/06/12 07:15 PM Re: Developments on AC that went "right" ?? [Re: Decompression]  
Joined: May 2000
Posts: 6,638
Amanda Syme Offline
Amanda Syme  Offline
The most established, long time residents that have a vested interest on the island, who also own homes on the caye and are raising families on the island that own real estate companies and are agents and brokers in the real estate industry belong to the www.mlsambergriscaye.com group.

Sure there are a handful of realtors that do not belong to the group that are just as professional, committed and vested, but to be sure choose wisely.

Basic questions you should think about - how long has my agent lived on the island, does he own property or does he rent, do I think he will still be here 5 years from now? Is he sugar coating anything? Does it sound too good to be true?

It is fun to party and wine and dine with folks, but can they also act responsibly on your behalf when you are spending your hard earned money?

Do you only see dollars signs in their eyes when you discuss property with your agent?

Is your agent listening to your questions and acknowledging your budget and your needs?

Are they willing to recommend a good banker, attorney and accountant?

Will they hold your hand when you build a house or start a business or need to enroll your kids in school?

#437270 - 05/06/12 08:44 PM Re: Developments on AC that went "right" ?? [Re: Decompression]  
Joined: Oct 2009
Posts: 174
Keller Offline
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Keller  Offline
LOL Sounds like there must be some genuine competition in the Real Estate business these days.

#437271 - 05/06/12 09:14 PM Re: Developments on AC that went "right" ?? [Re: Loansum-Al K]  
Joined: Sep 2010
Posts: 350
Decompression Offline
.
Decompression  Offline
Originally Posted by Loansum-Al K
If you want to purchase property on AC please use one of the many professional Realtors on the Island........not someone that you happen to meet in a bar that is trying to make a quick buck!


As I stated, I HAVE purchased property on AC...I was more asking about BIG developers, and which ones have made a name for themselves.In a good way.

DC

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