Mansion Global - More Info Equals Less Risk: Why Transparent Housing Markets Are Better Bets
Updated: Apr 22, 2020
Robust price data and straightforward property ownership records are the first line of defense against unfortunate surprises.
Turks and Caicos benefits from a sophisticated multiple listing service, said Sean O’Neill, managing director of Caribbean Development and Operations for The Agency. Detailed island sales data help him set expectations with new clients who come from U.S. or Canada, where a normal home sale will move maybe three times as fast as in Turks and Caicos.
“A central MLS is really the backbone of the market,” Mr. O’Neill said. “It gives you ready access to where the direction of the market is, and vital statistics when you’re making an offer.”