Home Shoppers

If you see a Barbados home advertised for sale on Coral Stone Realty website as a Special Offer or it is advertised otherwise by Coral Stone Realty as a Special Offer you are eligible to receive that offer on completion of the sale providing you purchase the home through Coral Stone Realty.

HERE IS HOW IT WORKS:

Q. What is a typical Special Offer?
A. A typical Special Offer is a credit towards the buyers closing costs. For example, if the buyer’s closing costs is $10,000.00 and the seller offers to pay the buyer’s closing costs, that figure would be paid solely to cover the buyer’s closing costs on completion of sale. However, a seller may offer to pay a fixed dollar amount that would go towards paying for part of the buyer’s closing costs. Whatever the offer is, it would be  stated in the Special Offer for the home and in the Sale and Purchase Agreement.

Q. Who pays for it?
A. The seller pays for the buyer’s closing costs or part thereof.

Q. Who is it paid to?
A. It is paid directly to the buyer’s attorney-at-law which will go solely towards the buyer’s closing costs.

Q. Who is responsible for making the payment to the buyer’s attorney-at-law?
A. The seller’s attorney-at-law.

Q. Are there any other types of Special Offers?
A. There may be other types of Special Offers as offered by different sellers. A seller may opt to offer a buyer a CASH BACK refund on the purchase of his/her home. For example, should a seller offer a CASH BACK refund of say $12,000.00, this figure would be paid to the buyer on completion of the sale. The amount would be stated in the Special Offer for the home and in the Sale and Purchase Agreement. A seller reserves the right to offer whatever CASH BACK amount he/she so wishes.

Q. To whom would it be paid and by whom?
A. The CASH BACK payment would be paid directly to the buyer by the seller’s attorney-at-law on completion of sale.

Q. Why does the seller not just offer a price cut?
A. The seller may have already made a price reduction but oftentimes, a price reduction is not enough to create enough traction. A Special Offer brings added visibility to a listing and creates an additional incentive to buy which benefits both the buyer and seller.

Q. What are the advantages of a Special Offer as described above?
A. It frees up the buyer from closing costs or reduces his costs or puts some extra cash in hand which can go towards home improvements, buying appliances, furniture etc. It can reduce the buyer’s overall costs in purchasing the home which may have a favourable impact on the buyer’s mortgage application.  For the seller, it provides an additional incentive to buy his/her home.

Q. Does the buyer have to participate in the Special Offer in order to buy the home?
A. No. The buyer is free to purchase the home through Coral Stone Realty without accepting the Special Offer. However, it is important he advises his attorney-at-law that he has declined the Special Offer which he is eligible to receive as provided for in the Terms and Conditions of sale.

Terms and Conditions

1. To be eligible, you must purchase the home through Coral Stone Realty.

2. Coral Stone Realty will do all possible to ensure the Special Offer is included in the Sale and Purchase Agreement. However, it is your responsibility as the buyer to work with your attorney-at-law to make sure it is included in the Sale and Purchase Agreement. If it is not included, you have no guarantee that you will receive the Special Offer.

3. The Special Offer is valid only while it is advertised for sale on Coral Stone Realty website as a Special Offer or while it is advertised otherwise by Coral Stone Realty as a Special Offer and you purchase the home through Coral Stone Realty.

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