Open-Realty Blog AddOn Bahamas, the emerging destination of Turks and Caicos! Their press release stated that the Turks & Caicos Islands is the hottest new jewel to emerge from the turquoise sea. The study, conducted in conjunction with the Luxury Institute in New York, surveyed more than 1,200 individuals from households with incomes of $150,000 and higher. The top 10% of American households now control 74% of the country’s wealth and account for nearly 50% of U.S. consumer spending today. 74% of all luxury travelers surveyed have visited the Caribbean, and 44% have visited the Bahamas, making it the most frequently visited island destination. 16% of affluent Americans already own or are considering vacation homes in the Caribbean, with the highest concentration (6%) in the Bahamas. Regional competition is a constant in and around the Caribbean, and today, more than a quarter of American luxury travelers surveyed cited the Turks and Caicos Islands (TCI) as the island destination they would most like to visit. Tourism to Turks and Caicos has grown by double digits in recent years, rising to more than a million visitors in 2012. Over the past five years, the TCI tourism industry has put exceptional effort into raising service standards, and numerous luxury resorts have sought to outdo one another with extravagant amenities, stunning views and personalized service. The archipelago’s reputation has been boosted by repeatedly being named one of the world’s Top 10 family destinations and the world’s leading beach destination, particularly for its spectacular Grace Bay Beach. “We know that 57% of luxury travelers plan to take a family vacation in the next 12-24 months,” says Resonance Executive Vice-President Richard Cutting-Miller. “With TCI’s rising reputation as a family destination, along with new five-star resorts such as Amanyara, Turks and Caicos is positioned to be a rising island star.” According to the survey, the Top 10 island destination U.S. luxury travelers would most like to visit are: 1. Turks & Caicos 2. Aruba 3. Virgin Islands 4. Cayman Islands 5. Bermuda 6. St. Lucia 7. St. Barts 8. St. Kitts & Nevis 9. Barbados 10. St. Maarten. Top 10 Islands for Luxury Travel: Bahamas Rule, but Turks and Caicos is at the Top of the Wish List, According to New Survey by Resonance Consultancy PRWeb – Sat, Feb 23, 2013 www.coldwellbankertci.com]]> Villa Renaissance on picture perfect Grace Bay Beach in the Turks & Caicos Islands. An elegant boutique resort set in the heart of the Grace Bay hotel and resort area. Walking distance to restaurants, wine bars, boutiques, shopping, Graceway Gourmet IGA, banks, jewelry stores and souvenir shops. A four storey beachfront building, each suite at Villa Renaissance is accessible from semi-private elevators. Balconies off the suites overlook the mosaic tiled swimming pool and offer sweeping views of Grace Bay Beach. Brand new listing at Villa Renaissance - suite #303. All showings strictly by appointment through Linda Elrick at Coldwell Banker Real Estate Turks & Caicos. Cell: (649) 241-1309 or email lindaelrick@coldwellbankertci.com ]]> Self-Invested Personal Pension (SIPP) approved property in the Caribbean from disgruntled Brits unhappy with their pensions. It's not hard to see why the Caribbean is becoming a real draw not just for investors looking further afield for growth potential beyond European borders but also a relatively safe haven for their cash. There are some fantastic deals available on Caribbean property, which allow even those on average incomes to invest in property in prime locations on the Caribbean islands. It is even possible to use a SIPP to fund the entire purchase and benefit from guaranteed rental. Developers of 5-star resorts on Islands such as St Vincent are reporting occupancy levels of between 80 and 90% in 2011, with 40% occupancy already secured for 2012. This compares to this time last year where no advance bookings had been made. This spectacular improvement is largely down to endorsements from sporting celebrities and the opening up of resort holiday agencies in the US. Buccament Bay on St Vincent has also just been awarded PADI 5-Star status by the Professional Association of Diving Instructors adding to its appeal for holiday makers. The Caribbean has also been one of the world's major recipients of foreign direct investment, alongside this the recently announced $45m airport terminal in Antigua will bring jobs growth and tourists in even greater numbers. To cater for the expected increase in tourism, the Caribbean is undergoing a period of major modernisation of infrastructure to cope with the developing needs of an economy that has boomed despite the slowdown being experienced in the US and Europe. Jon Ainge Director of International Property Success commented, "I believe Caribbean property offers investors an unprecedented opportunity to benefit not only from great mortgage deals, but also another place to invest hard earned cash sitting in a pension and earning very little. In the current climate the Caribbean offers far more than sun, sea and sand to those seeking to get away from it all -- and that includes the gloom in Europe at the moment." Caribbean News Now - Article from January 3/12.... For information on investing in the Turks & Caicos real estate market contact Graham Canham at grahamcanham@coldwellbankertci.com]]> listing here for more information or contact Graham Canham at grahamcanham@coldwellbankertci.com or cell number (649) 231-4790. www.coldwellbankertci.com]]> Turks & Caicos Islands provides you with the luxury of living inside, as well as out. An added bonus when selling your Turks and Caicos home would be to have something that other properties do not offer. Why not create an outdoor living space? With over 1100 properties currently available for sale in TCI buyer’s look for the extra’s that make a home stand out from the rest. The outdoors are the most versatile part of your property and for a relatively small investment can add a certain touch that may attract more calls on your listing, bring an offer sooner or even sell your home. Outdoor living spaces come in all shapes and sizes. The bells and whistles to accessorize and decorate are endless and the style of this space adds a personal touch and feel to the property. First, consider the area and size of your outdoor living space and then decide on a budget, you are now on your way to designing your own garden get-a-way. Flagstone paths are an easy way to cover spotty areas where grass is worn or patchy. Loose gravel and flat stones make great pathways that lead you from your home to a comfortable outdoor seating area. Staged wooden planters or large container pots with planted shrubs and trees fill large open spaces, provide privacy and act as a sound buffer. Wooden benches, concrete seating, or tables and chairs provide the basics and a starting place when first arranging the area to establishing size and style. Some additions to the basics would be an outdoor fire-pit, BBQ area, outdoor garden shower, hammock or outdoor bar. Flooring could be a wooden deck, concrete slab, large paving stones, gravel or even grass. Sides and roofing may also be added – trellis framing for the sides or roof, tiki-hut style grass roof, canopy or tents, and umbrellas may be something to consider as they provide shade during the daytime. Weather resistant fabric or mosquito netting can be draped over the roof areas, down one or more sides, to the ground to enclose the area adding texture and color and to soften the hardscape. Waterproof and weather-resistant fabrics are usually necessary for seating cushions, sofas, chairs, chaise lounges, throw pillows, rugs and draperies. Hanging baskets of flowers, birdhouses, lanterns on free-standing hooks or hung from tree limbs, and inexpensive solar garden lights add a personal touch to the space. Hang a mirror from a palm tree to add a bit of glamour, decorate the tables with candles, shells from Grace Bay Beach and other items found on the island or from your home. Make it as simple or as elegant as you wish. Coldwell Banker Real Estate Turks & Caicos - We love outdoor living spaces in the TCI – your home away from home. ]]> Villa Del Mar please click here. www.coldwellbankertci.com MLS 1100388]]> Spelling Manor has sold setting a new record in the Luxury Real Estate Market. President and CEO of Coldwell Banker, Jim Gillespie, issued this letter to Sally Forster Jones at the Coldwell Banker office in Beverly Hills. Congratulations are in order to Coldwell Banker Previews International sales professional Sally Forster Jones from the Coldwell Banker Residential Brokerage in Beverly Hills, who co-brokered the sales transaction for the Spelling Manor – which is now the highest known residential real estate brokerage sale in the entire history of Los Angeles! The Manor was built by entertainment royalty Candy and Aaron Spelling and is widely recognized as one of the most famous mansions in U.S. history. Sally has achieved more than $1 billion in real estate sales over the past decade and has averaged over $120 million per year in sales during that time. Once again, congratulations to Sally and the entire Coldwell Banker Residential Brokerage team in Beverly Hills on this remarkable achievement! For more information on the new buyer of Spelling Manor click here. Coldwell Banker Real Estate Turks & Caicos]]> Real Estate Turks & Caicos has just added Villa Oceana to our portfolio of vacation rental properties in TCI. This beach front home features 4 bedrooms & 3 baths (may also be rented as a 3 bedroom) and is located in Sapodilla Bay, Turks & Caicos. The beach is a great place for walking, suntanning, picnic's or BBQ's, swimming and building sandcastles. The water is waist-deep for about 100 yards and clear with soft sand below. Kids love this beach! This vacation rental property features a fresh water swimming pool, beach front Tiki Hut, hammock and kayaks. Special rates available for bookings between Sept 17 and Oct 2/11 at $3200/week (plus tax and metered air conditioning) - contact us for details on Villa Oceana in Turks & Caicos. www.coldwellbankertci.com ]]> Leeward. Down the street you will find the private Ashcroft Primary School, the new Leeward Marina and Resort (formerly Nikki Beach Resort) and Leeward and Pelican beach. Leeward is one of the upscale developments in Turks and Caicos, located at the eastern tip of Provo, this residential community features some of the most expensive beach front properties you’ll find in TCI. Canal homes line the inland waterway that winds along the north-eastern side of the development. Most owners in this development are boat enthusiasts and enjoy the quick canal access to the north and southern sides of Provo. Residential building lots in this development begin at approximately $80,000 – at the higher end you’ll find the beach front lots at several million dollars per acre. For information on this parcel, located on a quiet cul-de-sac, contact Graham Canham. For listing details and pricing please click here.]]> please click here. ]]> Turks & Caicos National Museum is pleased to announce the receipt of a $40,000 grant from Fondation AGENA, Lichtenstein, for the Capital Campaign in support of the building of a new museum campus in the Village at Grace Bay, Providenciales. The Museum is acquiring 2.6 acres of property in the Village for the new museum facility as well as for an outdoor exhibit area. A ground-breaking is scheduled for November 23, 2011, which will mark the Museum's 20th anniversary. Mr. Kenrick Walters of Bordier International Bank and Trust represented M. Micheli for the formal presentation of the check. On hand to receive the donation were Mr. Stan Hartling, Trustee of the Museum and Mr. Jeff Lee, JAL Consultants, architect for the new building and member of the Museum's Development Committee. Fondation AGENA was presented an artist rendition by Messer’s Hartling and Lee. Kenrick Walters of Bordier Bank (TCI) Ltd. accepted the artist sketch on behalf of the foundation. Article courtesy of Coldwell Banker Real Estate Turks & Caicos]]> read the full article - click here!! Coldwell Banker Real Estate Turks and Caicos]]> Turks & Caicos Islands as a "Recommended Property” in the Recommended Hotels, Inns, Resorts & Spas 2011–The Americas, Atlantic, Caribbean & Pacific. The Conde Nast Johansens Guides are published for discerning travelers who seek top quality facilities and services. They are the most comprehensive illustrated reference guides to independently owned hotels, inns, resorts, spas and conference facilities throughout the Americas, Great Britain and Europe, and the only guide books to carry the prestigious and widely-recognized Conde Nast seal of approval. “We are excited to have The West Bay Club included in the 2011 portfolio. Conde Nast Johansens’ inspectors visit many high-end properties and select only those that meet their rigorous criteria,” said Dane Underwood, Managing Director of The West Bay Club. Added Underwood, “We are pleased to be in the company of prestigious hotels like the Fisher Island Club in Miami, The Landings and Jade Mountain in St. Lucia, and Half Moon in Jamaica.” Recommendations are selected for their individual charm, character and superior service, and only properties that meet the exacting requirements are included in the Guide. Conde Nast Johansens inspects each recommendation annually to ensure that it maintains high standards, and awards each included property the "Conde Nast Johansens Mark of Excellence" wall plaque as a sign of approval. The plaque is a guarantee of exceptional accommodations and serves as a valued endorsement for the world's most discerning travelers. About The West Bay Club - Anchored on the peaceful, western end of the Turks and Caicos' most famous attraction, Grace Bay Beach, The West Bay Club features large, luxuriously-appointed ocean-front suites with spacious living areas, full kitchens or kitchenettes and outdoor terraces to enjoy the direct ocean views and cooling breezes. The West Bay Club offers a range of amenities, including a poolside restaurant and bar serving breakfast, lunch and dinner, free use of the Hobie Cat and other non-motorized water sports, a well-equipped fitness center, complimentary wireless Internet throughout the resort, a manager's reception on Wednesday evenings and a kitchen stock-up service prior to guests' arrival to name a few. The West Bay Club suite types include one, two and three-bedroom penthouses with breathtaking views of the famous white sands and aquamarine waters of Turks and Caicos. The family-friendly resort is ideal for any type of island getaway, including group events, weddings, honeymoons and corporate outings. For more information on The West Bay Club click here. Article reprinted, 2011 PR/Newswire The West Bay Club. ]]> Condé Nast Traveler magazine. The Regent Spa, located at the Regent Palms on Grace Bay, edged out the spa at the exclusive private island resort of Parrot Cay, which came in a close third. Of the 250 spas which made the top list, only 10 perfect scores were awarded in various categories. The spa at Parrot Cay received a perfect score for their treatments. The Regent Spa received two 100-percent scores, selected by readers for its unique spa treatments and exceptional spa facility. The June issue of the magazine also highlighted the Regent Spa’s ingenious use of hand-crushed local conch shells to create a 30-minute Mother of Pearl Body Exfoliation Treatment. “Our spa is often described as being its own little destination within the Turks and Caicos,” said Sara Codner, spa development manager. “Its signature treatments like Little Drops of Caribbean Rain, Moonlight and Stars, and Zareeba are unique and are tailored to each individual who experiences them. “The entire team at the Regent Palms is delighted to have been recognised in such an internationally read travel publication. We aim to continuously over exceed in the name of service and excellence, and although our spa is just one of our luxurious amenities, it has a great impact on the overall guest experience.” “We have created an oasis where people fantasise and dream of coming to and for that we are proud! Keep your ears and eyes open for much more about our extraordinary, environmentally friend spa … a place where dreams happen!” Also available at the Regent Spa are its two new treatments, Osteopathy and Four Hands Massage. Article courtesy of the TCI Free Press, Thursday June 16, 2011. www.coldwellbankertci.com]]> Real Estate Turks & Caicos has over 40 villa and condo rental properties available this summer. With terrific deals on JetBlue, Continental, US Air, and American Airlines a week at the beach won't break the bank. New homes just added to the portfolio include 3 bedroom Hilltop Villa overlooking the pretty blue water and Chalk Sound National Park on the south side of Provo. Hilltop is located in a small residential development, on a quiet cul-de-sac just 1 block to Sapodilla Bay Beach. A wonderful shallow, sandy beach that is perfect for suntanning, picnic's, BBQ's and great for children. A safe-harbor where you'll find many boats anchored for the day, week or month. Watching the glow-worms at this beach is one of the highlights. Rent jet skiis nearby, take an afternoon sail or sunset cruise, paddle the sound in a kayak, or visit a nearby restaurant "Las Brisas" and enjoy a leisurely lunch pool-side, or dinner under the stars. Rates at Hilltop Villa are just $2000 per week plus 11% accommodation tax. The home has 3 bedrooms all on the same level, 2 full baths, 2 decks with water view, property sleeps 6 comfortably. The open plan living area on the top level has a great balcony and benefits from cool tropical breezes. Peace and quiet in pretty Chalk Sound, terrific value at just $2000 per week plus tax, great for families, golfers and beach lovers looking for a quiet home in a residential neighborhood. For more information on this vacation rental click here.]]> click here - for the full listing and more photos please click here. Listed by Linda Elrick at Coldwell Banker Real Estate Turks & Caicos Islands. (649) 241-1309 or email lindaelrick@coldwellbankertci.com. MLS 1100254.]]> Toronto Sun click here.]]> Coldwell Banker Real Estate Turks and Caicos. “Not only is it great for the environment but homeowners are looking at ‘going green’ as an opportunity to have their island home stand out from the crowd.” The following are eight tips from the professionals at Coldwell Banker Real Estate Turks and Caicos, that outline how to make homes sustainable, energy and cost-efficient now, and appealing to eco-conscious homebuyers: 1. A Ray of Light: South-facing windows provide more natural daylight making a home more bright and cheery. Drawing shades during key daylight hours during the summer can help cut down on air conditioning needs. 2. Green Gardening: Sustainable landscaping is becoming all the rage to eco-conscious homeowners. Planting native plants, vegetation and shade trees strategically around a yard can keep a home cool during the summer. Native vegetation thrives in its preferred environment without requiring excess water. 3. Switch to Green Power: The use of renewable energy in a home, such as solar, wind, water or geothermal, greatly helps reduce pollution. However, installing solar panels or wind generators property can be cost-prohibitive for some. 4. Dial it Back: Lowering the settings on water heaters, refrigerators, dishwashers and laundry machines reduces the amount of energy required to maintain the temperature. Installing low-flow sink faucets and shower heads also lessens water consumption. 5. Reuse Rain: Recycling rain water for gardening is another great way to conserve. For example, a water collection system under drains or from washing machines can catch the water and then reuse it for watering landscapes. Most houses in the Turks and Caicos Islands are built with large cisterns under the home. Ask us about the cistern, waste water collection and irrigation systems when looking at homes in Turks & Caicos. 6. Less Lawn does More: Eliminate as much of the lawn as possible and plant native bushes, flowers, etc. Depending upon a number of factors (including the climate of the region), homeowners can simply cut back on the amount of space that they have to mow to promote energy conservation in lawn care. 7. Turn Old into New: Refurbish the home’s existing materials when remodeling instead of buying new ones (cabinets, tiles, flooring). If brand new appliances are required, homeowners should make sure they are energy-efficient, and should consider donating their old appliances to be recycled or reused. 8. Insulation is Key: Insulating cold-water pipes will prevent them from dripping condensation, and insulating hot-water pipes will prevent costly heat loss and save on energy bills. For more information on "Going Green" in Turks and Caicos we invite you to contact us. Coldwell Banker, we never stop moving........ ]]> Turks & Caicos will be watching closely and cheering him on. For the full press release from IMAN Cosmetics and Diamond Noir Collection please click here.]]> It has been announced that the traditional festival, which includes Miss TCI pageant, is to take place in July this year. It was always said to be one of the countries best loved social events, and it is to rise once again this summer with the return of the traditional Provo Day. This popular, grassroots festival, which was once the highlight of the social calendar, will see the return of the Miss Turks and Caicos pageant. This really will be a trip down memory lane for islanders with everything from the beer drinking contests to the top spinning which is expected to reemerge. Provo Day was once just a beauty pageant in the early 1970's. Over the years, it became a colorful festival with floats, boat races and live music. Eight to 10 local girls are expected to compete for the crown in July which will give them the chance to take part in the 60th Miss Universe held in Sao Paolo, Brazil. Thashena Adderley – President of the Festival committee said “ I remember Provo Day from when I was a little girl. It was always held in the last week of July” and “Provo Day was very local, very intimate and really quite breathtaking. This year we are going back to the way it used to be.” Provo Day will take place on July 29th 2011. Source: http://tcweeklynews.com]]> Leeward Home & Guest House $449,000 LEEWARD RESIDENCE PLUS GUEST COTTAGE This 3 bedroom house with separate guest house is located in the exclusive community of Leeward. Price: $449,000 Read more about this listing]]> Chalk Sound Waterfront home for sale on the south side of Providenciales, Turks & Caicos Islands. Two storey home with small private beach area sitting on 2 lots. Price:$950,000 Read more about this listing ]]> The Salt islands could soon become a protected National Trust area after being shortlisted for World Heritage Trust status. National Trust chiefs are pleased with their initial success, to have Grand Turk, Salt Cay, South Caicos and surrounding cays included on the prestigious list. The list will now be submitted to UNESCO and await the final nominations next year. If successful, the country could become one of less than 200 natural sites worldwide to be deemed to have ‘outstanding universal value’. This is due to its unique flora and forna, including, doves, warblers, mockingbirds, herons, kingfishers, sandpipers, kestrels, ospreys, flamingos and egrets. The Trust’s executive director, Ethlyn Gibbs-Williams, told the Weekly News she was delighted to get the seal of approval for the first round. “We are very pleased to have gotten this far it is very good for the National Trust and great news for our heritage." If we make it onto the final list, it ensures protection and preservation of the sites. This would also help people here in the TCI to recognize the importance of our heritage and boost national pride in what we have.” Fellow overseas territory St Helena in the Atlantic, where Napoleon Bonaparte was exiled after the Battle of Waterloo, was also shortlisted, along with Gibraltar’s Gorham’s Cave Complex. Source: http://tcweeklynews.com]]> Located in the prestigious area of Pelican Beach, Leeward, Providenciales, Turks & Caicos this lot features 114 feet of linear beachfront. A short drive to Provo Golf Club, the hotels and resort area of Grace Bay, restaurants, bars and the Casablanca casino, as well as the new IGA Gourmet supermarket. Price: Read more about this listing]]> 11 Waterfront Court - pretty canal home set on 3/4's of an acre, property offers plenty of privacy. Wonderful features and solid hurricane category 4 concrete construction make this home stand out. Built in 2008 this property is just 10 minutes from the ocean. Click here for more info and pictures]]> Turks and Caicos has been voted the top beach destination in the world, according to the travel website, TripAdvisor." Ranking above other popular beach destinations in Hawaii and Miami, the report was based on travelers' reviews and ratings to select the best destinations around the world. TripAdvisor noted that Providenciales featured remarkable stretches of sandy beach, excellent restaurants and accommodations in price ranges from affordable to ultimate luxury. For the full article released in the Los Angeles Times on the Turks and Caicos please click here.]]> LinlithgowGazette.com)]]> RISMedia.com: "The new Coldwell Banker Real Estate iAd campaign includes three different banner ads that consumers can find on their favorite iPad apps, all focused on finding that perfect neighborhood for their next home: • Design your own neighborhood • What is your ideal town like? • Build your perfect place to live "After tapping on the iAd banner, users are greeted by a Coldwell Banker agent to guide them through the process of creating their dream town. To get started, consumers drag and drop different categories into the virtual neighborhood including: home, travel, shopping, education, restaurants and active living. "For each category that is placed into the virtual neighborhood, users are encouraged to use a sliding scale to determine what’s most important to them. For example, for the travel characteristic users can determine if they want a neighborhood with easily accessible mass transit or if they prefer an area where having a car to get around is a priority. This interactive experience helps create a picture of a town that is right for them. Consumers can also shake the iPad to create a random dream community. Finally, an image of the dream neighborhood can be saved to the photo album with one tap, and consumers can share it with any of their contacts via e-mail, all while staying in the ad. "After having fun creating the neighborhood or town of their dreams, consumers can use some of these characteristics to find a dream home of their own by downloading the free Coldwell Banker Real Estate App from the App Store. The app pulls agent and property videos into a user’s real estate search for cities and countries around the world. In addition, the app’s neighborhood rating system, powered by Yelp, allows users to easily identify neighborhoods that match their must-have criteria, and the property and agent videos help bring that perfect neighborhood to life."]]> Amanyara, the luxury hideaway of Amanresorts, in the remote untouched Northwest end of Providenciales, has opened an on-site Nature Discovery Center, with a full-time naturalist in residence, Lindsay Mensen. Mensen, who has been working for the past 4 years in the Turks & Caicos Islands studying the flora and fauna, will organize activities to showcase the island's natural wonders. For younger guests, there will be daily programs co-hosted by teachers from the American Museum of Natural History's Science and Nature department. These will include research expeditions, nature-themed yoga classes, beach walks, scavenger hunts, and turtle nesting site conservation, all focused on learning more about the islands’ indigenous land, sea and sky creatures. For adults, there will be a morning Eco Hike to learn about the geology of Providenciales, the dry tropical forest, medicinal uses of native plants, and the birds, reptiles, and bugs of the islands. The center will also offer marine adventures, with kayaking, snorkeling and diving. The evenings will present stargaizig and a nature documentary film or guest speaker, which could be any of these highly-regarded biologists: Dr. Glenn Gerber of the San Diego Zoo, Founder of the Caribbean Wildlife Foundation; Dr. Graham Reynolds, Philosophy in Ecology and Evolutionary Biology; Dr. Peter Richardson, Marine Conservation Society and The Turtle Project; and Brian Naqqi Manco, Department of Environmental and Coastal Resources, Turks & Caicos Islands. The resort derives its name from aman, the Sanskrit word for ‘peace’, and yara, the word for ‘place’ in the language of the Arawak Amerindians, one of the region’s first indigenous peoples. It enjoys a pristine location well removed from much of the development on the eastern side of the island. Visit AmanResorts.com to learn more about the Nature Discovery Center at Amanyara. ]]> The least expensive in the best beach estate on North Caicos. This lot is a gem, take the ferry to NCYC and walk across the road to Sand Castle Estate. White sand beach frontage, sunsets over the ocean, and reef protection on the North Shore. Already home to part-time residents with luxurious beach homes setting the level at the high end here. Lot size 0.75 ac. Beachfront. Asking $775,000 US. Contact information on our Coldwell Banker listing page.]]> The administrative and political capital of the Turks & Caicos Islands is Grand Turk, in Cockburn Town. This has been the seat of government since 1766. Founded by Bermudan salt rakers 3 centuries ago, the Bermudan British colonial architecture and government are still much in evidence. Donkeys, horses, and cattle were used during the days of the salt industry, and they can still be seen wandering the island. Grand Turk is 6 miles long and just over a mile wide, with miles of quiet white sand beaches and cays. At the north point of the island, a channel to the sea gives access to North Creek, the only hurricane shelter for yachts traveling between Nassau and Puerto Rico. Every summer there are parties and fun events. In July is the Grand Turk Heineken Game Fishing Tournament. A week of dancing and island music, sports, and food specialties is held every summer. Grand Turk is also one of the top 10 dive destinations in the world. Its clear waters give access to a huge variety of marine like, from seahorse, to sting rays, turtles, dolphin, shark, and whales. Dive, scuba, snorkel, or sail through the warm waters and coral formations just a 5 minute boat ride offshore. There are government marine conservation parks, and dive operators have joined together to protect our reefs and islands from "degredation and exploitation." Grand Turk is beautiful. We hope you will visit, and help us conserve our marine resources. (photo from Concierge.com)]]> INSIDE YOUR HOME: 1. Make rooms appear larger by packing away extra furniture. Rent a storage unit if necessary. Better yet, give away what you won't be using in your new home. 2. Clean out closets so everything appears orderly. Most people demand neatness in a home they intend to buy even if their own homes are a mess. 3. Keep blinds and draperies open and your windows clean to let as much natural light in as possible. 4. Make sure your kitchen is spotless. Rid clutter from countertops and organize your drawers and cabinets. Buyers will look inside. 5. Clean the refrigerator. Remove pictures, artwork and magnets from the door. 6. Make sure bathrooms are spotless. Hang your best towels for showings, and repair all fixtures. 7. Clean the floors. Wax wood floors and shampoo carpets. Bleach the grout in tile floors. 8. Dust everything in sight. Don’t leave dead insects in the windowsills and light fixtures. 9. Prune all plants and get rid of ones that are dying. 10. Take down posters or artwork from your teens’ rooms and put away all toys in younger children’s rooms. You want buyers to see themselves in the home, not you and your kids. 11. Make sure your utility room is clean. Don’t let laundry lie on the floors or stay in the washer or dryer. OUTSIDE YOUR HOME: 1. Clean the garage thoroughly. 2. Mow the lawn and keep it watered. Edge the sidewalks. 3. Weed any flowerbeds and trim trees and shrubs. Get rid of dead flowers, plants and shrubs. 4. Sweep all sidewalks, patios and porches. 5. Put away all toys, bikes, skateboards, lawn mowers. 6. Repair any broken sprinkler heads. 7. Make sure that pets are kept out of the way and pet areas are clean and odor free. Take the pets with you when you leave for showings. 8. Water the lawn only very early in the morning or in the evening. Put ammonia sulfate on your lawn to green it up. 9. Clean the roof and gutters. 10. Repair a broken or sagging fence. Make sure that the fence gate opens and closes without having to use excess force. 11. Fix the doorbell if it’s broken and make sure that the front door is free of debris and dirt. Make sure it opens and closes with ease. 12. Park cars down the street during showings. You want buyers to easily find a place to park. These simple steps can do wonders to enhance your home in the eyes of buyers and maximize the profit of your home sale. Contact any agent at our Coldwell Banker office to discuss ways to make your home sell faster and for more money.]]> FPTCI.com). 1. Wine Cellar's Fishing & Golf Tournament, March 25-26. The starting point will be the Turtle Cove Marina; there will be a maximum of four anglers per vessel and a maximum of 40 vessels. Each team will utilize their skill and luck to reel in the “catch of the day.” This event will specialize in species of mahi-mahi, tuna and wahoo. There will be cash prizes awarded both days for the heaviest fish caught, as well as overall cash prizes for first, second and third place finishers based on most poundage of fish caught. 20% of overall proceeds from this event as well as 20% of all cash prizes awarded will be donated to the Edward Gartland Youth Centre and the Provo Hockey League. 2. Provo Golf Club, March 27-28, Golf Tournament. 3. Whale watching. Try a boat whale tour or watch from the northern shores of Providenciales around Amanyara. 4. Enjoy lobster before the season ends March 31. The spiny lobster is a Caribbean specialty and begins spawning in April, so try it in March at one of our seafood restaurants.]]> Mother Nature Network recently chose Turks & Caicos as its Destination of the Week, praising its outstanding diving and wildlife. The MNN site provides background on the British territory, writing, "Like many Caribbean destinations, Turks and Caicos relies heavily on tourism for income. Visiting cruise ship passengers and upscale tourists are a major boon to the islands’ economy. The development of luxury resorts is an important part of a seemingly successful tourism strategy. All-inclusive resorts are an unmistakable part of the landscape. The island of Providenciales (shortened to Provo by locals), the most populous island in the territory, hosts a lively nightlife scene and has a high-season concert series featuring some of pop music’s biggest names. The Indy Racing League holds an open-wheel race at the Blue Hills course on Provo each year. If you use these events as a measuring stick, Turks and Caicos is doing quite well compared to its Caribbean peers. "With all these buzzed-about attractions and events, it’s easy to forget that this small corner of the West Indies is home to coral reefs that act as a backdrop for some of the Caribbean’s best diving. Also, T&C’s smaller, remote islands are perfect for trekking, kayaking and other eco-adventure activities — such as whale watching and even tropical camping trips." Explained in more detail are the topics of Sleep Green Go Green Eat Green See Green Read more at MNN.com. The article concludes, "The islands of the Turks and Caicos are mainly known for their upscale resorts. Even though some of these resorts have been turning into environmentally friendly venues, the highlight of a green themed vacation will be the nature found both on the islands and in the warm waters of the West Indies." We hope you will join us here in Turks & Caicos for an eco-friendly vacation, and stop by our Coldwell Banker office to say "hi."]]> Thinking of buying a home? Not sure what to do in today’s market? Then you need to read Before You Buy! It’s the essential, must-read survival guide for everyone thinking about purchasing a house in today’s real estate market. Before You Buy! is the no-hype, straight talking, indispensable, step-by-step guide to understanding this market and purchasing a home safely, sanely, and at a price you can afford. Coldwell Banker Real Estate Chief Executive Officer Jim Gillespie worked closely with Corbett while the author was researching and writing Before You Buy! Gillespie wrote the foreword for the book, which also features his personal insights throughout, culled from his nearly 36 years in real estate. “I am proud to have collaborated with Michael on this book, and I appreciate his passion for helping consumers manage through the complexities of the home buying and selling process to make the smartest decisions,” said Gillespie. “We believe expert real estate agents who utilize the proper tools are instrumental in a home buyer’s success, but there is no denying that today’s consumer is empowered to enter the process more prepared. “Mortgage rates are at historic lows, so now is a great time to buy to avoid the uncertainty of these rates increasing in the future,” Gillespie continued. “Michael does an exceptional job in breaking down the various phases buyers go through so that they can make excellent lifestyle and financial decisions.” This book offers all buyers control of the process. First-time buyers and experienced homeowners alike will learn how to uncover hidden dollars and eliminate costly expenses at every step. But most importantly, they will learn how to avoid the traps and pitfalls that put so many buyers into bad deals, risky mortgages, and unaffordable homes. In addition to advice from Gillespie, contributors included Suze Orman, Barbara Corcoran and Jean Chatzky of NBC’s Today Show, and Donald Trump. “There’s never been a better time to buy real estate than right now. Michael’s Before You Buy! is a must-have if you want to do it smart, safe, and with real success!” Barbara Corcoran, Real Estate expert for NBC Today Show, Best Selling Author and Founder of The Corcoran Group “The book that every homeowner must read before they put their house on the market.” Jim Gillespie, CEO Coldwell Banker Real Estate To find out more about the book and the places you can buy it, visit our Coldwell Banker book page.]]> The Tuscany Resort, on Grace Bay in the Turks and Caicos, has won the #7 spot in TripAdvisor.com's Top 25 Hotels in the World. The hotel has also won a place in the Top 10 for Services category in the Caribbean and Mexico. Those rankings are even more significant if you consider that TripAdvisor.com provides information or reviews on over 400,000 locations across the globe. The Tuscany has only 30 2,000 SF oceanfront 3-bedroom condos making it a boutique resort, which concentrates on excellent service and hospitality. Located just 15 minutes from Providenciales International Airport, The Tuscany offers the ultimate in luxury and privacy. Each of the oceanfront suites has a distinct ambiance and decor. Whether you're in the mood for a unique adventure like whale watching or a week of testing your skills at Provo Golf Course, The Tuscany will not disappoint. Enjoy golfing, diving, snorkeling, fishing, tennis, and relaxing...savor an afternoon walk on the beach or relax by the european-style pool. The Tuscany is very secluded, yet close to everything. For more information and a video, visit the Tuscany web site, or contact our Coldwell Banker office. The Tuscany Resort is one of our featured properties. (Photo courtesy of the Tuscany web site.)]]> Promotion page on their web site. Scott Laurence, JetBlue's vice president of network planning, said, "Providenciales and the more than 40 islands that make up the Turks and Caicos are a perfect addition to our wide array of Caribbean leisure destinations." They will operate a 150-seat Airbus on the route. Air Turks & Caicos will now fly from Puerto Plata, Dominican Republic, to San Juan, Puerto Rico, starting April 15. The airline started with a single piston aircraft in 1992 as InterIsland Airways. After changing the name to Air Turks and Caicos to better reflect the country’s identity and national pride, the airline continued to grow and now has a fleet of 15 mainly turbine aircraft, ranging in size from 9 to 30 passengers. Chairman Lyndon R. Gardiner noted that this new route is one more step to accomplish is dream of uniting the Caribbean Islands through convenient air connections that will promote trade and tourism. The flights will orginiate in Providenciales.]]> Beautiful one bedroom home tastefully decorated is fully furnished, has an outdoor patio and is centrally located on te island of Grand Turk. Short distance to shops, beach, entertainment/heritage district. Built 2010, 590 SF interior, ocean view. Asking $279,500. View more information on our Coldwell Banker Listing page.]]> Just a few minutes from miles of secluded beach, Seaside Estate will be a quiet residential community. This 1 bedroom cottage is very well constructed, tastefully decorated and ready for vacationers or someone working on North Caicos. Sold furnished, 1,000 SF, built 2005. Asking $299,000 US. Visit our Coldwell Banker Listing page for more photos and information. ]]> recent article by Venessa Wong, "You Don't Need Millions to Own a Tropical Home," the author makes a convincing case for a purchase in the Caribbean. "Whether in the market for a second-home or a permanent residence, adventurous buyers can find island life to be a healthier, more laid back, and certainly warmer alternative. And now is the best time to buy in years. Unless of course you like digging yourself out of snow drifts." Wong's key points: 1. Prices are down. "The global recession badly hit second-home markets across the Caribbean. Residential prices fell in the Bahamas, Turks and Caicos, and the U.S. Virgin Islands, according to reports on globalpropertyguide.com," among others. 2. Lifestyle. "With only a tepid recovery underway, many Americans are still questioning the value of buying a primary residence, let alone a second home on a distant island. Still, some big price reductions for beachfront homes—and a thirst for a more relaxed lifestyle—could tempt the most cautious investors." 3. Inventory. "Activity may have improved, but buyers are not yet flocking in huge numbers to buy island homes. In fact, in a snapshot study Coldwell Banker shared with Businessweek.com, searches for Caribbean island homes by U.S. consumers on coldwellbanker.com dropped about 20% in the December/January period from July/August. (As this is a new feature, year-on-year comparisons were not available.)" 4. Tax Angles (for US buyers). "Mortgage interest and property tax are tax-deductible for owners who use the property as a second home—and do not rent it out. For owners who rent out their homes to cover costs, certain expenses may be deductible, but rental income is usually reported depending on how often the owner uses and rents out the home. According to Edward Mermelstein, a real estate attorney in New York, there is no restriction that the home must be on U.S. soil. "If the rental market is strong, the owner's expenses can be low. Nearly two-thirds of second homeowners are able to cover at least half their mortgage by renting out their vacation home to travelers, according to Victor Wang, public relations manager for HomeAway.com." 5. Research local differences. "The main challenge for home buyers looking for an island getaway is understanding local markets, as well as their laws. Although the Caribbean is only a short flight from the U.S., the islands have their own procedures and rules. "Not only are island homes vulnerable to dramatic hurricane seasons, but the cost of many staples, ranging from gasoline to food, can also be more than on the mainland, because most of them usually have to be shipped in. On some islands a prospective home buyer can encounter safety concerns, and local services and infrastructure, such as roads or wireless service, may leave much to be desired." The combination of rates, inventory, and price reductions is at least worth your consideration, even if you do a buy and hold until retirement in the future. Our Coldwell Banker agents can explain local laws and markets, and, of course, suggest the best areas to suit your needs and investment goals. Just call or email our office.]]> Graham Canham, one of our sales associates at CBRETC, gave the attached interview to the Toronto Star, which was published Feb. 11 by Roberta Avery. Watch a video of the Gansevoort Resort on Yourhome.ca. "Talk of making these islands in the sun part of Canada has, so far, come to naught, but that hasn’t stopped a Canadian invasion of home buyers seeking a piece of paradise. And they are sure to feel at home. After all, Canadians are running the hospital, the power plant and the airport expansion on Providenciales, one of the 40 islands that make up Turks and Caicos, located about 200 kilometres east of Haiti. "Take a walk on Grace Bay Beach’s sugary white sand on the night of a big game — hockey that is — and you’ll hear cheering fans gathered around the big TV at Canadian-owned Gansevoort Resort. Retired Mounties have been hired to head up the police department, and Grace Bay Car Rentals, the largest car rental company on the islands, is owned by Todd Foss of Saskatoon. Kenny “The Hitman” on the local radio station broadcasts from his home in Collingwood, Ont. “'I came on holiday in 2006 and fell in love with the island,' says Ottawa-born Bruce MacLaren, who first purchased a $3.75 million penthouse at Gansevoort and then a share in Apollo Developments Ltd., the company building the resort. Apollo is the brainchild of Kitchener-born, Rob Ayer, 45, who made his money in the dot.com company Onvia. Ayer also fell in love with the islands on his first visit in 2001. “'I wanted to put my money into bricks and mortar and I knew this place was going to boom,' says Ayer. He assembled a parcel of prime land on Grace Bay Beach and in 2007 began building a 52-unit upscale condominium hotel. "Launching in the middle of an economic downturn came with plenty of challenges; evidence of the times can be seen just down the beach in an abandoned condominium development. On West Caicos, a Ritz-Carlton project that included a real estate offering of villas priced at $2.3 million stalled when it was 75% complete, after the demise of Lehman Brothers, the project’s backer. "To ensure his condominium purchasers a good return on their investment despite the economic downturn, Ayer shrewdly partnered with the trendy upscale hotel brand the Gansevoort Hotel Group of New York, which operates hotels in New York, Miami and Toronto. The result is a good return for owners, who have placed their unit in the hotel rental pool, says MacLaren. "The project is about 75% sold to buyers from the northern United States and Toronto, Montreal and Ottawa. Prices start at $525,000 (all prices U.S.) for a studio apartment and go up to $1.795 million for a three-bedroom unit. 'These are pre-construction prices being offered post construction,' says MacLaren. A more affordable option is buying a unit in a fractional ownership offering at Gansevoort. A one-quarter share in a studio unit starts at $150,000 for 12 weeks of use. "Another newly opened Grace Bay project is Canadian-owned Villa Del Mar. This 42-unit condominium hotel development was launched by Canadian lawyer Greg Greatrex, who brought in Ontario-based developer the Kaitlin Group to partner on the project. "By building just off Grace Bay Beach (200 steps from the beach), Villa Del Mar is able to offer an attractive price point starting at $299,000 for a 700-square-foot studio. A two-bedroom unit sells for $499,000 and the one remaining penthouse is $799,000. Villa Del Mar is more than 50% sold with 80% of buyers being Canadians. 'They like the island and plan to visit regularly; they also see it as an investment,' says Greatrex. Villa Del Mar offers a rental program and so far condominium owners have received a return that offsets a good portion of their condo fees and utility bills. "While Gansevoort hotel guests are mainly from the United States, the vast majority of guests at Villa Del Mar are Canadians who gather round the property’s two swimming pools to chat about the weather — the weather they are missing back home in Canada. Hotel occupancy is expected to soar once the airport runway extension is completed and direct flights from Europe will start coming in, says Nova Scotia native Alan Lawley, director of development and operations at Villa Del Mar. 'That will have a big impact for our owners.' Lawley also focuses on giving guests a 'Canadian' experience in terms of service. 'Attention to detail, following up on things, the kind of service Canadians expect,' he says. "Graham Canham started his career in real estate sales in Toronto, but eight years ago he moved to the Turks and Caicos. 'I knew this place was going to take off,' he says, and sure enough, property prices boomed. 'There was some incredible appreciation,' says Canham, an agent with Coldwell Banker. "The economic downturn took its toll, but that’s not necessarily bad news, says Canham. Buying on Turks and Caicos eight years ago was a leap of faith, but now the growth and the infrastructure is already in place. 'Yet, you can buy at yesterday’s prices,' he says. "Both at Gansevoort and Villa Del Mar, prices are still at the preconstruction level although both are fully operational. Plans to make Turks and Caicos part of Canada — there have been three proposals since 1974 — is not a popular notion on the islands, says Canham. 'We don’t have income tax here,' he says.]]> A new exhibit commemorating the National Aeronautics & Space Administration’s (NASA) Mercury space program and the historic 1962 splashdown of the Friendship 7 capsule off the coast of Grand Turk is now open at the Grand Turk Cruise Center. “Splashdown Grand Turk” is a 3,500-square-foot attraction celebrating the unique relationship of the American human spaceflight mission and its importance to Grand Turk’s history. The free exhibit features a scaled 20-foot-tall Atlas rocket, a full-size, three-dimensional representation of astronaut John Glenn in spacesuit, and a detailed replica of the Friendship 7 capsule. “This exhibit together with the replica of the Friendship capsule at the entrance of the Grand Turk Airport will serve to educate and inform cruise guests, the citizens of Turks & Caicos and other visitors to the islands about this fascinating connection between Grand Turk and the early days of the Mercury space program,” said H.E. Governor Gordon Wetherell, governor of the Turks & Caicos Islands, BWI. The Grand Turk Cruise Center includes a state-of-the-art pier and 14-acre complex with shops and restaurants. The 2011 cruise season is expected to bring 285 ships carrying approximately 625,000 visitors to Grand Turk. For more details, visit NASA or the GrandTurkCruiseCenter.com. (resource: Newmanpr.com)]]> Spectacular white sand beach, this level beach lot of 0.57 acres is one of a few with a westerly aspect. it is tucked into a protected corner behind The Point, on the beach sie of Pumpkin Bluff. The neighbourhood is starting to take shape with multimillion dollar homes being enjoyed by owners and vacationers alike. Buy now and secure your site for further home building or capital appreciation. Once you own you do not have to build or do anything but watch your in investment increase in value. Paved roads, underground utilities, protective covenants. Asking $700,000 US. Contact information on our Coldwell Banker listing page. ]]> UKFloringDirect.Co.UK for an exhaustive list of links on home energy efficiency. When you are ready to buy or sell, be sure and stop by our Coldwell Banker office to discuss the market.]]> This pretty 2 bedroom home plus loft is bright and comfortable. Conveniently located in Colibri Gardens, the Grace Bay home is close to shops and restaurants. The complex is comprised of only 4 bungalows in a fully fenced and gated community. There is a screened in porched across the front of the home, increasing the living space and providing ample indoor and outdoor living spaces. Two patio doors lead to this comfortable spot from the main living area. Both bedrooms are a good size with large walk-in closets and ensuite baths. There is a small pool shared with one other residence. Easy-to-use hurricane shutters in place. 1400 SF living area. Sold furnished. Asking $399,000 US. More photos on our Coldwell Banker Listing page. ]]> Providenciales is the urban center of the Turks & Caicos Islands. Familiarly known as “Provo,” the island offers all the modern conveniences yet is an uncrowded tropical destination. Located on the west side of the Caicos archipelago, Provo is 38 square miles. Prior to 1960, the island had a population of 500. Today, it has the largest population in Turks & Caicos. Development began in 1966 when the local government and the British Government made a lease-purchase agreement with Provident Ltd., allowing them to lease 4000 acres of Crown Land. Beautiful beaches are scattered on all sides of Providenciales, the most spectacular of which is a 12-mile stretch located on Grace Bay, protected by a barrier reef. The island is a divers’ and water lovers’ paradise. The south part of the island faces the Caicos Bank, a shallow, pale turquoise sea partly composed of swamp and tidal flats, filled with an abundance of conch and lobster. Provo is home to the only conch farm in the world. These pink-shelled mollusks take five years to grow to their adult size. The conch farm is open for tours during the winter months. Natural island formations provide safe mooring for sailors. Sapodilla Bay is popular, and, on the northeast end of Providenciales, the deep channel of Leeward makes a natural and safe harbor. Provo has an 18-hole golf course, casino, shopping centers, three marinas, several bars, and excellent restaurants. Historical points of interest include the Cheshire Hall and Richmond Hill Plantation ruins. Stones engraved by shipwrecked sailors are found on a hill overlooking Sapodilla Bay. The “Hole” at Long Bay is a deep and wide limestone chimney with a mysterious depth of salt water at the bottom. Come visit Providenciales for your next Caribbean holiday. Be sure and stop by our Coldwell Banker office to say "hi" and talk about our real estate opportunities. (photo courtesy of MacArthur)]]> complete blog post to find out in a nutshell about our beutiful islands.]]> Beaches Resorts, part of the Sandals Resorts family, has been voted the World's Best Family All-Inclusive Resort for 12 years in a row. And with 4 spectacular locations on the beautiful beaches of Turks and Caicos, it is the ultimate getaway for family fun. Beaches was created by the founders of Sandals, in response to the many couples who had visited, got married at Sandals and now had a family and wanted to take them on holidays to a magical place - so Beaches was born. The resort offers Pirates Island water parks, XboX 360 game garages, and exclusive Kids Camps with a full schedule of activities for all ages, including Martha Stewart Crafts. Older children can dance the night away at aqua-themed liquid nightclub, learn how to spin vinyl at the Scratch DJ Academy, or mingle with new friends at Trench Town, the special hotspot for teens. The resort includes supervised kids programs for 5 age levels at no extra charge. Here's what their web page has to say: "Dive into a one-of-a-kind, unbelievably exciting all inclusive family vacation at Beaches Turks & Caicos. A 45,000 square-foot, state-of-the-art waterpark; three magnificent villages, boasting the architecture and ambiance of Italy, France and the Caribbean; incredibly sumptuous hotel accommodations; a powder-white-sand, 12-mile beach lapped by clear turquoise waters; endless fun activities for everyone, from tots to tweens and teens, featuring Sesame Street® characters, the new Xbox 360® Game Garage and a sizzlin’ teen disco, Liquid at Beaches—all amidst some of the most gorgeous tropical scenery on the planet." Visit Beaches, Turks & Caicos, for details.]]> http://redtape.msnbc.com/2010/12/ten-things-web-users-should-fear-in-2011.html "When security experts look back at 2010, they will see a major turning point in the world of cyberscares. The virtual and the real collided in new, dramatic ways during the past 12 months, and the Internet will never be the same. "Gone for good is the glamour of annoying outages caused by hackers sending e-mail attachments and launching Web page attacks. Now, computer criminals are being credited with stalling a rogue nuclear power plant program, and with bringing world diplomacy to its knees. Things are getting serious. "A more subtle, but perhaps more immediate danger for Web consumers surrounds the explosion of off-the-PC Internet applications. The Web is on nearly half of U.S. cell phones now, but that's only the beginning. It's also on TVs, DVD players, tablets like the iPad and even kitchen appliances. What's the risk? How many consumers do you know that are ready to purchase anti-virus software for their blu-ray players? Predictions have been made for a long time about mobile Web viruses. Given the explosion of new, unprotected gadgets, 2011 appears to be their year. "1. Geolocation Even the most dimwitted of stalkers can turn tools [like Twitter and Foursquare] into playgrounds...Criminals will catch up to this during 2011 and I hope you don’t end up in the headlines. Use location services with extreme care. One tip: Have a friend 'stalk' you to see how easily a stranger could follow you, then adjust your usage accordingly. "Physical stalking is far from the only risk, however. Computer criminals can observe a person’s traveling behavior to craft incredibly convincing phishing e-mails or other cyberattacks. "2. New Media Platforms The threats could be simple, such as fake Web pages that pop up on TVs, asking users to submit personal information. Or they could be complex, such as theft of stored passwords, or even hijacking of the machines for use in botnets. "3. Mobile Phones Until now, cell phones -- even smart phones -- have operated in very controlled environments. But the proliferation of the open-application environment of Android, and the “jailbreaking” of iPhones, has created a much more hacker-friendly world for cell phones. "4. Mobile Gadgets The explosion of mobile gadgets this year will create both a new playground for bad guys, and a new incentive to target operating systems that also control smart phones...The market for tablet-based antivirus software, meanwhile, is virtually non-existent...The combination of tablets and smart phones will prove to be a target-rich environment for the bad guys. "5. URL shortening URL shortening services (like bit.ly) are great, but they are also an incredibly easy way for hackers to send you to an unexpected Web page. By definition, the shortened URL obscures the real hyperlink [so it becomes problematic to make sure the link you click is to the destination you intend]. McAfee says there are more than 3,000 URLs being shortened every minute online. That’s a lot of hacker potential. "6. Friendly Fire This year, next generation viruses like Koobface will make it easy for hackers to personalize their attacks, using tools to gather information about you leading to specially crafted e-mails and other attacks. "7. The end of spam. What? 'Social media connections will eventually replace e-mail as the primary vector for distributing malicious code and links,' McAfee says. 'The massive amount of personal information online coupled with the lack of user knowledge of how to secure this data will make it far easier for cybercriminals to engage in identity theft and user profiling.' "Tweets from “friends” will lead to widespread infections. Facebook chats will trick people into giving up personal information, or clicking on malicious links. Promiscuous friending will allow bad guys to connect with all of your friends, creating an easy attack vector with a wide footprint. All of this will happen in an environment where consumers tend to trust more than traditional Web pages or e-mail -- in other words, their guard is down, and attacks will be up. 8. Cloud Computing Cloud computing is a marketing term that describes a world where people store data and use applications on remote computers, rather than on their own desktops or laptops... As the cloud moves into mainstream usage, hackers will follow. 'Cloud services will become prime targets for hackers wanting to gain access, not just to a specific company's data but possibly to multiple victims simultaneously,' warns ISCA Labs, a computer security company. "The cloud will also raise fascinating and troubling legal issues for users. Say you’ve stored all your family photos, or all your company’s data, on a cloud service. What happens if there’s a billing dispute, like those that arise with cable companies and cell phone providers? And what if that cloud provider refuses to release your data until you pay that hefty early termination fee? The best defense against that: Backing up all your data on your own computers, a rather un-cloud-like activity... "Meanwhile, many in the computer security world see widespread and lasting implications for cloud computing from the WikiLeaks incident...What if a provider like Amazon decides it doesn’t like my data? Conceptually, if WikiLeaks can be cut off, anyone can. "9. Hactivism outbreaks The spreading of previously non-public information, against a government’s will, is a new form of attack, and one that can’t be stopped by added improved packet filtering. The only way it can be stopped is by government officials taking a huge step backward and following the advice of many lawyers I know -- never type anything that you wouldn’t want to see in the newspapers. Expect a lot more secure phone calls and a lot fewer “secure” e-mails between government officials...[WikiLeaks] has proven the ability of one small organization to evade a powerful government’s ability to shut it down. That will inspire other groups. "10. More Targeted Malware, Backed by Nation-states McAfee warns that companies of all sizes that have any involvement in national security or major global economic activities should expect to come under pervasive and continuous … attacks that go after e-mail archives, document stores, intellectual property repositories and other databases.” While not all of these items will relate directly to your use of your own computer or mobile device, we want you to be safe. Again, read the entire article for a more thorough analysis of cyberspace in 2011.]]> TCIGourmetAffair.com for more information. Read more about the events at FPTCI.com.]]> The Complete Diving Guide: the Caribbean, Vol. 1, covers Dominica, Martinique, St Lucia, St Vincent & the Grenadines, Grenada, Tobago, and Barbados. By Colleen Ryan, $22.80. 2. The Complete Diving Guide: the Caribbean, Vol. 2, covers St Maarten/Martin, St. Barts, Saba, Statia, St Kitts & Nevis, Antigua, and Guadeloupe by Brian Savage, $29.95. 3. The Complete Diving Guide: the Caribbean, Vol. 3, covers Puerto Rico, US Virgin Islands, British Virgin Islands by Colleen Ryan, $22.80. 4. For Aruba and Curacao, try Best Dives of Aruba, Bonaire & Curacao, by Joyce and Jon Huber, $6.64. 5. For Cayman Islands, the most recent is Lonely Planet Diving & Snorkeling Cayman Islands, $18.24, 2007. Cayman has just sunk a ship to create a new diving reef, so you might look for a more recent book in a few months. 6. For the Bahamas & Turks & Caicos, try Fodor's Bahamas 2011 Plus Turks & Caicos, $13.59, just released Fall, 2010. All prices and titles from Amazon.com. Prices may vary by used or new, hard cover or paperback.]]> Recently we wrote that one of the main January events to enjoy in the Turks & Caicos islands is whale watching. The islands are along the migration route of the endangered Humpback whales. Visit the web site devoted to these beautiful mammals, Caribbean Whale Watching Turks & Caicos. Reported in FPTCI.com, "Whales can be seen from Grand Turk, Salt Cay and even pop up along the north shores of Middle Caicos and pass the west side of Providenciales visible on occasion from Malcolm Beach. Experience these amazing creatures first hand with a whale watching excursion. Trips can be booked with several local water sports companies including Big Blue, Salt Cay Divers and Oasis Divers on Grand Turk." This is their mating season, and divers and snorkelers can hear the long and complex songs of the males as they communicate with their better halves. Very social, the humpbacks regularly travel in groups of two or more and you can often see the whales with their calves. They love to flipper slap, breach, lobtail and generally frolic sometimes close to a boat which they approach out of natural curiosity. At close range they are easily distinguished by their exceptionally long flippers, knobbly head, and the white and black coloration on the underside of the fluke(tail). They can be 50' (15 m) long and live 70+ years. Thousands were wiped out by commercial whalers but fortunately, since 1966, they have been under the protection of the Whaling Commission. The TCI Whale Watching page cautions, "It is important to remember that these grand and noble mammals deserve respect and are not a sideshow. [You have] a rare opportunity and unique experience to observe them in their natural environment." Enjoy, protect, and educate others about this invaluable resource of the Turks & Caicos islands. (photo courtesy of Whale-images.com)]]> Attend the World Gourmet Affair Five world class chefs have been invited by five of Providenciales’ top resorts to partake in the first World Gourmet Affair. The event runs from Jan. 17 for 6 consecutive nights. Each of the 5 resorts will host a guest chef who will prepare a unique and global 5-course menu. Tickets are available through the resorts for $120 and the gala dinner on the 6th night for $195 per person. Visit TCI Gourmet Affair for details. Watch the Whales The first whales of the new year have already been spotten near Salt Cay. Our islands are along the migration path of the Humpback shales, which can be seen from Grand Turk, Salt Cay, north shores of Middle Caicos, and the west side of Providenciales. Try the Mango Reef This iconic local restaurant has moved to the Alexandra Resort, offering the same menu items and now stunning views to enjoy from the location on Grace Bay. The new restaurant is part of more than $5 million dollar in renovations which took place over the summer at the resort. The restaurant has operated for six years under the ownership and management of Isabelle Martin and Chef Florent Sourmont. Kiteboard Both Grace Bay Beach and Long Bay Beach offer ideal wind conditions for kiteboarding. Lessons and rentals are given at both locations. Enjoy Music by David Bowen Bowen will be performing with his guitar at the Somewhere Cafe & Lounge, on the beach at Coral Gardens, throughout the month. (resource: FPTCI.com - read for more details on each of these events.)]]> Scotiabank has announced it has established a scholarship program with York University in Toronto, Canada’s third largest university, for Turks and Caicos students. The scholarship will provide funding for one student for four years of study at York University. Valued at $100,000 (Canadian), the award will cover both academic and living expenses. The student will also be given the chance to participate in the paid summer internships program at Scotiabank. Plus, the recipient will be guaranteed a job in the TCI for at least three years after the successful completion of four years at the university. The scholarship is made possible through the Scotiabank Bright Future philanthropic program. Youth education is a key pillar of the program, which seeks opportunities to support children and the communities in which the company operates. As part of the scholarship, the recipient receives an International Merit Scholarship from York University for each year they receive the scholarship funding. Special consideration will be given to students who have participated in the Scotiabank-York University Emerging Global Leaders Program in the Caribbean. The application deadline is March 15 for a September entry to York University. Applicants may apply for the scholarship online at futurestudents.yorku.ca. Read more at FPTCI.com.]]> More Mistakes That Can Delay A Quick Sale Mistake #6: Failing to Look at Your Home as if You were a Buyer Often, sellers become too comfortable--or at least tolerant--of the clutter and imperfections of their homes. And, while potential buyers may tolerate the same sort of imperfections in their own residences, when it comes to your home, most buyers have higher expectations. Use the following checklist to ensure buyers see your home in the best light and improve your chances for a quick sale. When a buyer sees areas that need maintenance or repair, he or she see areas where they can discount your home’s sale price. Exterior: 1. Painting your home’s exterior will make it look years younger and cleaner. 2. Trim back trees and shrubs and mow the grass. Weed and plant flowers. If the yard is neglected, buyers might wonder what other aspects of your home have been neglected or need maintenance as well, and they may not bother to request a showing. 3. Sweep all sidewalks, front walkway, and patio areas. 4. Clean windows and replace any broken or cracked panes. 5. Park extra cars down the street. 6. Put away bikes and toys. Remove rusted swing sets or broken playground equipment. 7. Don’t leave hoses stretched out in the yard where someone might trip over them. 8. Water lawns very early in the morning or late at night so prospective buyers and/or their children won’t track into your house after a tour of your yard. 9. Make sure roof is debris-free and in good condition. 10. Keep pet areas, like litter boxes, out of sight. Interior: 1. Make sure your kitchen is extra clean--even the oven. Put away all dishes and any extra items from your counter tops. Store your toaster, blender, and small appliances to create space. 2. Carpets and all other flooring should be clean and vacuumed. 3. Open all curtains, drapes and blinds, and turn on the lights 4. Place fresh flowers and plants throughout the house. Dispose of dying plants. 5. Make all beds. Put away toys in your children’s rooms. Remove clothes from floor or chairs. 6. Straighten your closets. Crammed closets look smaller. 7. Organize your laundry room. Use hampers and baskets. 8. Remove unnecessary items from your bathroom counters and make faucets shine. If your shower curtain is torn or frazzled, invest in a new one. 9. Secure jewelry, cash, and prescription medication not just out of reach but out of sight. Don’t leave any valuables available to a thief. 10. If you’re going to get rid of old or unnecessary furniture items and home decorations when moving, go ahead and dispose of those items now. Rooms look larger when they aren’t crammed with furniture. Mistake #7: Offering Explanations about Your Home during Showings Potential buyers usually feel more comfortable when homeowners are not present. If you have to be at home, resist the urge to offer explanations, point out perceived flaws or offer to repair items. People differ in opinion and preferences. Your home’s floor plan, which you may have always found less than satisfactory, might be just what appeals to a potential buyer. The general rule is, the less said and the smaller your presence, usually the better. Mistake #8: Not Knowing How to Price Your Home to Sell Determining the market value of your home is one of the most challenging aspects of the selling process. If the listing price is too high, you'll limit financing and reduce offers. Sometimes, home sellers believe that they have to set the selling price higher than actually expected because it gives them an opportunity to negotiate and accept a lower offer. But often buyers who might be most interested in your home find a flaw they don’t like immediately—your asking price--and they don’t even take the time to drive by or ask for a showing. By the time the price is adjusted, you've already lost exposure to a large percentage of potential buyers. It's critical to find out, where and how fast, the market is moving when setting the selling price and negotiating an offer. Any of our experienced Coldwell Banker realtors are aware of market trends. Mistake #9: Not Planning Your Move Before Your Home Actually Sells Many sellers simply don’t plan their move early enough, then they feel totally overwhelmed when it’s necessary to move sooner than they expected. Organize your move before a contract is ever signed. Don’t wait until the last minute to ask movers to estimate the cost of your move. When you have to move quickly, the price can skyrocket according to need and you have no basis for comparison. Fill out a Personal Household Inventory for each room. This is important for establishing the declared value of items for moving companies and can be used as a permanent inventory for insurance purposes. List, as accurately as possible, the year of purchase and original cost of each item. Prepare a separate high-value inventory if the shipment will contain articles of “extraordinary” value, such as antiques, china, crystal and electronic equipment. Attach any records of purchase or invoices to the completed inventory. Mistake #10: Being Inflexible or Unwilling to Compromise Sometimes, it is necessary to bend a little when it comes to the sale of a home. If you are inflexible about the date you can move out, price, necessary repairs, and other contract items, buyers can become discouraged or even angry. It is often necessary to compromise. Agreeing to a repair that might cost you an extra couple of hundred dollars out of pocket, might actually save you much more than this amount in interest on your home loan in the long run. While you don’t want to give away hard-earned equity, often sellers must look at the overall savings involved. Your Coldwell Banker realtor will advise you on any contract items and how to best achieve a win-win situation with any buyer. If you have any questions about how to position your home for a successful sale, just stop by our Coldwell Banker office and talk to any of our experienced, knowledgeable agents.]]> From the moment you arrive at the front entrance, it is obvious this is a home and not a rental unit. This 3 bedroom condo is a corner unit on the third floor in the west building in renowned Point Grace Resort, with 2,612 SF of living space. This home has never been in the rental pool, but with 3 well appointed bedrooms, each with their own bath, it could do very well as a rental and is sold fully furnished. Point Grace has consistently been favored by Conde Nast as an outstanding boutique hotel. Built 2000. Central air. Carport parking. Pool and spa. Located on Providenciales. Asking $1,400,000. View more photos on our Coldwell Banker Listing page. ]]> 10 Costly Mistakes that Can Delay a Quick Sale Mistake #1: Listing Your Home with Just Any Real Estate Agent Choosing the right realtor can make all the difference in finding a buyer and concluding a successful sale. Before you list your house, ask friends or business associates to refer realtors to you, and why they recommend them. During the interview, ask the realtor if you can call a list of his or her clients who have had a successful sale. Ask how long it takes on average for the realtor to sell a home in your price range and neighborhood. Ask if they have any guarantees. Ask if you can get out of the listing agreement easily if you are dissatisfied with their services. Listing your home with a realtor who is not actively working for you can waste months of your time and thousands of your dollars. Mistake #2: Not Enhancing Your Home’s “Curb Appeal” When a potential buyer drives by your home, their first impression will be based on your home’s “curb appeal.” If the buyer is disappointed by what they see, they may not even bother to request a showing, no matter how wonderful the interior of your home is. Almost half of all houses purchased are sold before prospective buyers open their car door and walk into your home. Ask your realtor what you can do to improve your home's appeal, so that the property shows at its very best. Mistake #3: Insisting that Your Home Is Shown Only When It’s Convenient for You While no one wants dinner frequently interrupted or to spend Saturday morning or Sunday afternoon leaving their home for no purpose, often the only time buyers can see your home is after work or on weekends. Plan ahead. Keep the house orderly and make the time away from home fun. Remember this last minute showing may be the last buyer you will have to show your home to. Mistake #4: Attempting to Hide Problems With Your Home Be honest with your realtor about problems with your home and property relating to health, safety, or the environment. During home inspections, most problems will be discovered anyway. It’s better to factor any issues into the listing price, or state up front you, as seller, will correct specific items prior to sale. Mistake #5: Inadequate Marketing Marketing today requires much more than a “For Sale” sign in the yard. Prospective buyers with their busy schedules don’t take the time to simply look through the classifieds and drive by homes that might be of interest. Buyers want information immediately. You need to ensure your real estate agent will use all the internet and local resources available to market your property worldwide. Effective twenty-four hour marketing will ensure that your home receives the necessary exposure to attract a ready-to-act buyer in the shortest amount of time. Tune in next week for Part 2 and be ready for that quick sale in the new year. If you have any questions about how to position your home for a successful sale, just stop by our Coldwell Banker office and talk to any of our experienced, knowledgeable agents.]]> Bahia Mar sits on a large lot on Taylor Bay Beach (Sunset Bay area) located on the south side of Providenciales. This is a beachfront home with a shallow water bay. Sunset Bay Beach (Taylor Bay) is .5 mile long, never crowded, with spectacular sunsets. This villa is 4 bedrooms/4 baths, with air conditioning in the bedrooms. Visit our Coldwell Banker Vacation Rental page for more photos and rates.]]> StockMarketsReview.com)]]> Welcome to "Leeward," Provo's most affluent community. Located on a quiet residential road, this lot is surrounded by homes with a genuine neighbourhood atmosphere. The beach is just around the corner, as are golf and restaurants, the marina, and a private school. All this at an affordable price, with no time requirement to build. Lot size 0.21 acres. Asking $80,000. More photos on our Coldwell Banker Listing page.]]> Beach and ocean front property on Grand Turk's desirable northwest coast, very quiet and private. Exquisite setting. World class diving and snorkeling, whale watching, and green flash tropical sunsets at your door. Enjoy the sandy beach north to Little Bluff for solitude, or head south to the resort at Pillory Beach for dinner. A 2 bedroom, 2 1/2 bath home on Cork Tree Beach, remodeled in 2009. Lot size 0.32 acres. Asking $419,000. More photos on our Coldwell Banker Listing page. ]]> Scotiabank has been named "Bank of the Year" in Turks and Caicos, for the 4th straight year, by the Banker, a top international finance and investment magazine. The magazine is a leading source of information on finance and investment across the globe. The award is given to the best commercial bank in more than 30 countries based on financial results, technological advancements and future strategic marketing plans. As explained by FPTCI.com, "The magazine received a record number of entries for the awards this year (more than 500 questionnaires were submitted), and in light of the financial markets, the award acknowledges the institutions that have managed the challenges of the financial crisis with skill, courage and expertise." Scotiabank has been doing business in the Caribbean since 1889. It now operates in 27 countries, has 11,906 employees, serves more than 2,000,000 customers through 410 branches. (photo courtesy of FPTCI.com) ]]> coldwellbanker.com site received an aggregate score of 96. The site was awarded maximum points in the overall narrative and overall visual design segments. “Innovation is one of the key pillars to our success at Coldwell Banker,” said Helen Galasso, vice president for platform development/ebusiness at Coldwell Banker Real Estate LLC. “This wholly re-thought and re-designed version of our site features optimizations that enhance the experience of searching for and finding a home online, which is so critical to today’s consumer.” The new version of the site was launched in June, in collaboration with FD kinesis. The Coldwell Banker website was selected from more than 1,100 entries representing nearly one dozen countries. (resource: RISMedia.com)]]> If you are dreaming of a holiday vacation in Turks and Caicos, act now because many of our vacation rental properties are booked already. Here are a few ideas. *Villa Jasmine - Mediterranean style built on high ground for privacy and good breezes, 4 bedrooms/4 baths, pool *Best View - beachfront on the south side of Providenciales, one of the bst views, near Bristol Cays, 4 bedrooms/3.5 baths, pool *Three Cays - in Turtle Tail, Provo, 3 natural reefs directly in front of the villa, 3 bedrooms/2 baths in main house, guest house with bath & laundry, pool *Moondance Villa - in Leeward, canal front, close to Grace Bay and the Provo Golf Club, 4 bedrooms/3.5 baths, pool *Villa Camilla - Grace Bay beachfront, several acres with 2 homes, island's best snorkeling, 3 bedrooms/3 baths *Villa Bashert - waterfront villa on Chalk Sound, south side of Providenciales, 3 bedrooms/3 baths, near Chalk Sound National park And we have many more properties for your consideration. Visit our Vacation Rental Home page on the web site for complete information on pricing and availability.]]> This 3 bedroom house with separate guest house is located in the exclusive community of Leeward. On the upper floor you'll find two decks, one of which is covered and screened, the other open to the sun. This area, the cul-de-sac of Leeward Green, off Caravel, is developing into a nice quiet neighbourhood. A short distance to the private Ashcroft School, the new Leeward Marina, and Pelican Beach. All furnishings included. Built 2006, living space 1,858 SF, lot size 0.25. Asking $449,000 US. More photos on our Coldwell Banker listing page.]]> Mariposa Villa on exclusive Ocean Point Drive, Sapodilla Bay. 3 bedrooms, 3 baths, oceanfront home on the island of Providenciales. The kitchen is fully equipped with a dishwasher, microwave, self-cleaning oven and more. Additionally, there is cable TV receiving over 30 channels, a stereo for CD's and cassette tapes, a washer and dryer, plus many other amenities. Within easy reach are several tennis courts, Provo Golf Club, numerous restaurants, a casino, outstanding scuba diving, snorkeling, fishing, sailing and friendly people. Mariposa, with its desirable location, dramatic setting, luxurious interior and beautiful architectural design combine to make this a truly exceptional place to spend your next holiday. More photos on our Coldwell Banker listing page. If you don't need luxury, consider this home in Colibri Gardens, which rents at $1700/week. The home sleeps 4 and is near Grace popular Bay Beach. This complex is comprised of only four bungalows in a fully fenced and gated community. There is a screened-in porch across the front of the home increasing the living space and providing ample indoor/outdoor living. Close to shops, restaurants, the grocery store or the beach. If sitting by the pool is more your liking, there is a small shared pool next to the cottage. More photos on our Coldwell Banker listing page. Try Turks and Caicos this holiday season. You'll never want to go anywhere else!]]> Royal West Indies Resort, a 100-room all-suite property on Grace Bay Beach, has opened the Pelican Bay Bar & Restaurant, its new on-site dining venue. Situated pool side and close to Grace Bay Beach, it offers indoor and outdoor seating for breakfast, lunch and dinner, a separate open air bar, and pool and beach service. The new Pelican Bay Bar & Restaurant has gone through an extensive renovation upgrade under a new management team and features a diverse menu of local Caribbean, European and Asian inspired dishes, as well as its signature tropical drinks from the bar, long a meeting point and social center of Providenciales. Pelican Bay is open from 7AM to 10PM every day. Private functions, large or small, can be accommodated, and custom menus or beach catering for special events, weddings and/or other occasions can be arranged. ]]> Smarter Travel has picked up the benefits of travel to Turks and Caicos, and recently rated the islands one of their top 5 Bargain Destinations for Winter 2010/2011. "The Caribbean island voted the top beach and sun destination in the world in this year's TripAdvisor Travelers' Choice Awards has plenty to offer this winter. New routes from two airlines, plus hotel and vacation package deals put Turks and Caicos on the budget travel radar. "This winter, it's going to get easier to reach Turks and Caicos. JetBlue kicks off weekly service from JFK Airport in New York on February 17. And Continental starts new service from Newark on February 18, with sale fares to Turks and Caicos from $328 round-trip. "Seasonal free-night deals abound at resorts on the islands. For instance, at the Leeward Resort, guests get two nights free with seven-night stays between January 3 and 16. At the West Bay Club, the fourth night is free between January 3 and February 28. And the Ocean Club Resorts has a seventh night free deal. "Packaging air and accommodations offers additional savings options. CheapCaribbean.com has sales with short booking windows for early winter, with rates such as $639 for airfare plus four nights' accommodations. And JetBlue lists package options to accompany its new service, with additional perks such as free nights." So, plan your trip this winter to visit Turks and Caicos. And stop by our Coldwell Banker office to talk real estate. ]]> Sands at Grace Bay for more information. ]]> Moving Checklist for Homeowners who have sold their property: 1. Provide the post office with your forwarding address two to four weeks ahead of the move. 2. Notify your credit card companies, magazine subscriptions, lenders, and bank of your change of address. 3. Create a list of friends, relatives, and business colleagues who need to be notified about your move. 4. Arrange to disconnect utilities and have them connected at your new home. 5. Cancel the newspaper, or change the address so it will arrive at your new home. 6. Check insurance coverage for the items you’re moving. Usually movers only cover what they pack. 7. Clean out appliances and prepare them for moving, if applicable. 8. Note the weight of the goods you’ll have moved, since long-distance moves are usually billed according to weight. Watch for movers that use excessive padding to add weight. 9. Check with your condo or co-op about any restrictions on using the elevator or particular exits for moving. 10. Have a “first open” box with the things you’ll need most, such as toilet paper, soap, trash bags, scissors, hammer, screwdriver, pencils and paper, cups and plates, water, snacks, and toothpaste. If you’re moving off-island, be sure to: 1. Get copies of medical and dental records and prescriptions for your family and your pets. 2. Get copies of children’s school records for transfer. 3. Ask friends, business associates, and your Coldwell Banker agent for introductions to anyone they know in your new location. 4. Consider special needs for pets when traveling. 5. Let a friend or relative know your route, departure and arrival information and flight schedule. 6. Empty your safety deposit box. What to Have on Hand for the New Owners 1. Owner’s manuals and warranties for appliances left in the house. 2. Garage door opener or other security devices. 3. Extra sets of keys, and information about condo entry gate or fitness center access. 4. A list of local service providers — the best plumber, yard service, etc. 5. Numbers of local utility companies. 6. If it’s a condo, how to contact the condo board. Coldwell Banker has many resources for relocation. Just ask one of our agents how we can help with your move.]]> FreeHomeBusinessMoneyIdeasRUs.com also just published an article extolling the virtues of Turks and Caicos real estate. Perhaps this is something you should consider? Read on... "Rule number one of the real estate market is never take a pass on a chance by procrastinating. The ability to make fast decisions is important because if a property has any potential, you can be certain it will be snapped up quickly. "The Turks and Caicos islands real estate is a good example of this. Short-sighted investors will most likely ignore the opportunity to get a piece of this market for the reason that it is relatively secluded and doesn’t generate a huge level of tourism at this time. Nevertheless, should they ever decided to visit the area, it would turn out to be clear there is a pot of real estate gold there. They remain unknown to the public, as the islands have not been publicised, but word of mouth is spreading and it seems likely the Turks and Calcios islands will become a serious player in Caribbean tourism within the next 10 years. "The astounding beauty and luxury available is the fundamental reason for this. The countless miles of spotlessly clean golden beaches, remarkably clear water, perfect weather and a huge selection of miles of coral reef will attract visitors seeking relaxation and adventure. Those seeking the finer things in life will be lured by the gold standard service offered by local hotels and restaurants...Furthermore, the main island, Providenciales, is only a short flight from major American cities such as Miami and New York. "In this region, if you decide to purchase real estate, you have ready made accommodation should you choose to spend the fruits of your hard labour in the very place that has made you rich. You should spend a couple of weeks' worth of holiday time in your property each year to enjoy the splendour of the islands if you are an owner of real estate in the Turks and Calcios islands. After all, the money you can earn through the other fifty weeks of the year will pay for it several times over." That's great press for the real estate on our islands of Turks and Caicos. Come down and see for yourself, and stop by our Coldwell Banker office to talk about the buying opportunities available. ]]> This 0.67 acre lot is within Sand Castle Estate and positioning your home by taking advantage of the subdivision layout will give you ocean views. Beach access is near and a long stretch of deserted beach. Neighbours are already enjoying the tropical lifestyle in high end vacation homes here and there are builders ready to assist. This parcel is offered at an excellent price and with no requirement to build, you can secure it for your future build or for tax free capital gain. Asking $199,500. More information on our Coldwell Banker Listing page.]]> SearchWarp.com says Turks and Caicos is the Real Estate Opportunity Not to be Missed. Here are some highlights from his post. "While still one of the lesser known groups of islands in the Caribbean, Turks and Caicos are arguably the most beautiful. Without a doubt, once marketing for tourism kicks in, this shortage of human traffic is bound to change... "A [much better] investment chance is offered by the Turks and Caicos islands for a myriad of reasons. First of all, there is a lot of property on offer for low prices. As already mentioned, this virtually unspoiled heaven is currently the Caribbean's best kept secret. Bid making will happen when those scanning the world for real estate opportunites come to experience the island at first hand. This means the time is ripe right now to make your move and secure pristine real estate in an extraordinary location. "With 95% of days endowed with glorious sunshine and minimal rainfall all year round, the Turks and Caicos islands offer the ideal location for a holiday for those able to afford luxury. There are properties stretched out over 200 miles of sand overlooking the beach and it is an assurance that anyone who visits these islands once will be quick to return. Rich businessmen will be looking for rented lodging which they will pay a handsome price for." The most populated island, at present, Providenciales, boasts over half the population of Turks and Caicos. Airlines such as American Airlines and British Airways serve the islands from Miami, New York and London. Currently 175,000 tourists visit yearly, but this will increase significantly in the near future. This will bring real estate appreciation, and make rental properties much more valuable. "The Turks and Caicos islands could well be the best real estate option in the world at present, because there are no taxes on capital gains, income or property." And the future looks bright. Contact any agent in our Coldwell Banker office to talk about real estate opportunities. ]]> Onboard Informatics, they’ve designed a search that is more about people…a Lifestyle Search Engine. "People are as emotional as they are rational,” he continues. “They want to explore or dream, and through Onboard’s creation, they can do that. It can be informational, but also entertaining.” With Onboard’s technology, visitors to the Coldwell Banker website can target larger geographic areas, down to the county or metro. By using different categories and ranking the importance of each, users get feedback with criteria. Search options include: fun; hip and trendy; schools; arts and music; median home price; fresh air to times square; commute; mass transit or private; golfers’ paradise; convenience to amenities or “I want it all.” “This search offers us so many ways to bring people in,” says Anna Visioli, director of Interactive Production for Coldwell Banker Real Estate. “How many times has someone planned a move or relocation to a certain area, chosen an agent and then found a house in a different area that their agent didn’t serve? "This way, you get so much more information about an area before actually looking at homes. You can choose an agent upfront—in the area you’re educated about and know you want—even eight months before you’re ready. It’s about getting people to understand our value proposition and why our agents deserve their consideration. After all, they are connecting with more than 100,000 agents.” Users can access Coldwell Banker’s property information and then also view additional information, such as demographics about the neighborhood, schools and data on home sales—all courtesy of Onboard. “That additional information is a big help to consumers,” adds Visioli. “Adding our new Lifestyle Search to the information we already provide engages our visitors from the very beginning—more along the lines of speaking to an agent than visiting a website. Now, visitors are led down the best path from the very start and when they do converse with their agent, the conversations are targeted, allowing the home buyers to match their lifestyle to their home.” We at Coldwell Banker Island Affiliates like to think of ourselves as specialists, experts, in our island areas. We hope you will use our Coldwell Banker online resources, and then call, email, or stop by one of our offices to use the expertise our local agents offer you in buying and selling real estate.]]> 1=35006' target='_blank'>RealEstateMSN.com, spoke of Affordable Housing for the Affluent. Not quite an oxymoron, in today's economic climate. They state, "It's the strategy that developers of high-end vacation homes are devising as home sales slump in major markets across the country and as inventories of unsold homes rise. They are building smaller, less expensive houses in resort communities. As a result, from Turks and Caicos in the West Indies to the Colorado Rockies, some vacation communities are getting just a bit less exclusive. "The goal is to avoid lowering the sale prices on existing homes and upsetting homeowners who paid more for their homes. The communities typically cater to people seeking a second or third or even fourth home as well as amenities such as a clubhouse, beach access or golf courses. "'We're trying to get the point across that you can have a great place in a wonderful island for, quite frankly, a reasonable price,' says Steve Schram, who is developing a Turks and Caicos resort community that has a new push labeled 'affordable housing for the affluent.' "On a private, 1,100-acre island, Turks & Caicos Sporting Club at Ambergris Cay offers members access to white-sand beaches, sport fishing, scuba diving and a jet strip. This year, Schram, chairman of DPS Sporting Club Development Co., and a partner, rolled out an option to build a small house, designed by architects they had hired, that could lower the cost of house and land to as little as $1.4 million. That's 44% less than the $2.5 million previously required for the island's least expensive property and home. And it's a big comedown from 2007, when a buyer paid about $6.5 million for an undeveloped eight-acre lot. If you have an interest, stop by or call our Coldwell Banker office. We can help you find a second home in Turks and Caicos. ]]> Commercially zoned waterfront lot with great ocean views and nice elevation, on Providenciales. Cooper Jack canal frontage is an awesome spot to build personal marina or a watersports base. Both road and canal frontage ideal for building a dream home with immediate ocean access. Lot size 1.16 acres. Asking $485,000 US. More photos on our Coldwell Banker Listing page. ]]> JamaicaObserver.com)]]> www.ce.org/techhomerating. Check with one of our Coldwell Banker agents to find the builders and homes to fit your needs, if you want today's technology in your new home.]]> FPTCI.com explained, "In fractional ownership, small groups of people buy equity shares in a property. Unlike a time share, investors own a share of the property, so if the property goes up in value, so does the value of their share, if and when they decide to sell." A number of fractional ownership properties already are being offered on Providenciales, from large luxury residences on Sapodilla Bay to condominiums on Grace Bay. ]]> Beach land at its best. Located in Sandy Point among high-end homes. This lot has clear water entry and spectacular white sand beach. The Royal Reef Resort project is close by as is the premier marina development North Caicos Yacht Club. Regular ferry service to North Caicos is opening up the area. An excellent hold for capital gain or fantastic site for your vacation home. Realistic seller will consider offers. land size 0.89 acres. Asking $879,000. More photos on our Coldwell Banker Listing page. ]]> here to find specials and introductory rates starting at just $119. Scott Laurence, JetBlue's VP of Network Planning released the following statement, "We are happy to provide the JetBlue Experience to more customers and more destinations, complete with a free first checked bag, all-leather seats, the most legroom in coach of any US airline, free movies at every seatback, unlimited free snacks and most importantly, the friendly award-winning service." Flights from both NY and Boston will be on a 150-seat Airbus A320 aircraft, Provo is the 64th destination for JetBlue, and its 17th destination in the Caribbean. Affordable flights this winter to the Turks & Caicos Islands with JetBlue - great deals on Vacation Rental Homes and beachfront condo's with Coldwell Banker Real Estate Turks & Caicos.]]> Edged by a pristine beach and the Atlantic Ocean, these two residential lots are situated on the tranquil northwestern part of the island of Grand Turk near Providenciales. Lot size 1.5 acres. All offers will be considered. Asking $600,000. More photos on our Coldwell Banker Listing page.]]> www.seaturtle.org/tracking/index.shtml?project_id=398. ]]> Harbour Gates residential home is a spacious 4 bedroom house, located in a quiet community less than 300 ft from beautiful Sapodilla Beach. This is an ideal spot to watch the sun set, or moor you boat in the natural safe harbour. Here the water is shallow and the beach secluded. The home features soaring ceilings throughout, stainless steel appliances and an outdoor firepit with seating and ocean views from the upper floor. Just down the road you'll find a police station, restaurant, and mini-mart. There's plenty of room for a pool or expansion on the property. Presently used as a guest bedroo, the roomy upper floor could be easily converted into a second master bedroom, home office, or play room. (Agent is owner.) Asking $675,000.]]> Providenciales Turks and Caicos average listing price was $822,475. All Canadian and International prices have been converted to US dollars. To read the full report visit Coldwell Banker Real Estate LLC's full Press Release at Yahoo! Finance on Wednesday September 22, 2010. ]]> COLDWELL BANKER REAL ESTATE SURVEY: 72 PERCENT OF PARENTS LIVE WITHIN 30 MINUTES OF EXTENDED FAMILY Athough everyone has heard the phrase “too close for comfort,” that idea may no longer apply to families – people who live far away from relatives are in the minority, according to a new consumer survey of parents released today by Coldwell Banker Real Estate LLC. Omnibus survey results collected from a nationwide survey of homeowners who are parents revealed that 72 percent choose to live within 30 minutes of extended family members – and close to half (42 percent) live less than 10 minutes away. The survey also uncovered that most parents (65 percent) planned ahead and purchased their first home before getting pregnant or within one year of their child’s birth. The Coldwell Banker survey confirms that people buy and sell houses around life’s most important milestones: - engagement or marriage - birth - children starting school - children graduating from college, often both parents are working full time and they are very excited to live near relatives who will help along the way. Here are some tips for home buyers who are parents, or expecting parents: 1. Change your criteria. Often, what matters in a bachelor pad or a couple’s first home is different than what’s best for a growing family. Speak to a trusted real estate professional and other parents about the importance of bedroom layouts, land surrounding the property, proximity to major streets and more. Determining your priorities and ‘must-have’ criteria upfront will make your search more efficient. 2. Make the new neighborhood more fun. If your children are anxious about moving, make a special trip by taking them to the playground in your new neighborhood if it’s possible. This will allow them to get more excited about their future home. 3. Calculate your budget carefully. Remember, a new addition to your family usually means additional expenses each month. Try to estimate your monthly expenditures as well as your future mortgage payment so you are aware and comfortable with your financial commitments. For information on current mortgage rates in the Turks & Caicos Islands, contact us at reception@coldwellbankertci.com - we'll put you in touch with our local banks. Survey conducted July and August 2010 by Coldwell Banker Real Estate LLC, report findings released August 26, 2010.]]> link to learn more about vacation rentals in TCI.]]> RISMedia.com. 1. What is the company’s overall social media strategy? "The idea behind our getting involved with social media was to establish a better relationship between the Coldwell Banker brand and consumers as well as with our agents. Certain networks and platforms work better for different audiences. We have a strong Facebook and Twitter platform for our agents while our YouTube channel (On Location) and Blog (Blue Matter) focus on creating a conversation and establishing dialogue with our consumers. Social media has been a wonderful opportunity for the Coldwell Banker brand to continue the conversation beyond our internal newsletter to agents or website to consumers. "On Location meets an unmet need for home buyers and sellers. Our entire rationale in video is to combine an agent’s personality, which clearly comes across in video, with the unique aspects of a property. It’s a marketing opportunity our industry hasn’t had before. We have had thousands and thousands of videos uploaded in a little more than a year…and consumers have responded as well." 2. Why is social media important? "We are committed to social media as it gives us the chance to create a two-way conversation within the brand as well as with our consumers. By being present in social media, we can put a face to the Coldwell Banker name so that our clients can connect with us on an even deeper level. "For example, On Location provides not only Jim Gillespie (CEO) with a forum to address real estate matters, but our agents are using the site to showcase their expertise on local market conditions and expose their listings." 3. How will the newly revamped coldwellbanker.com be valuable to today’s consumers? "We have put a lot of thought and energy into our new Coldwell Banker website and have worked to create a site that is different from all the others on the Web. Revamping our website was all about helping consumers find the information they are looking for in a more straightforward way. One new feature is a rating system, which is used internally to drive algorithms on the backend that will recommend properties to consumers, much like iTunes recommends music according to songs you have purchased in the past. "In addition, our new BlueScape Search feature is a Pandora-inspired search that takes the rational thinking out of the home-search process and creates a truly emotional search. After rating at least five photos, BlueScape compiles a group of properties that are unique to an individual consumer’s taste. It’s more visual and completely new to our industry." 4. what was the motivation behind creating your Blue Matter blog? "We felt the real estate industry, when it comes to blogging, was not focused on the consumer. The Web is full of real estate blogs, but they are all just industry people talking to each other. With Blue Matter, we have an opportunity to share unique insights and thought-provoking commentary. "Coldwell Banker has a strong point of view on how to guide consumers through today’s difficult market. Our blog gives us a chance to be honest with consumers and provide them with a reasonable path through today’s real estate market." 5. Why is it important for today’s real estate companies to not be content with just having a great-looking website? "Today’s consumers want information where they are. The old philosophy of creating virtual brick and mortars and driving people to online sites is no longer going to cut it. Consumers want information coming directly to them or served in areas where they spend time, such as social media sites. Consumers are more mobile than ever, so we need to make sure we are reaching them—whether it be through an app, a mobile-enabled site, TV commercials or video." 6. What is the company's goal with social media? "Our goal in being involved with social media is to understand what our customers, brokers and agents want and need, and there is no better way of keeping a pulse on what is going on than by being involved in social media. While Coldwell Banker has been around for 104 years, we never want to rest on our laurels. We have always been interested in understanding what’s out there as well as what we need to do as a company to adapt to consumers’ needs and ensure we respond more quickly to these needs than other real estate companies. Our use of social media has differentiated us as a company, and at the end of the day, we want people to be proud of their association with us." 7. What do you see in the future for Coldwell Banker and social media? "As we move into the future, the social media platforms that are popular today will change as there are always going to be new ways of connecting. We are constantly working to stay on top of what is available and what is coming down the road so that when there is an opportunity to connect and engage with customers, we will have tried and understood the new medium and be ready to move forward." We at Coldwell Banker are pleased to offer you these new tools for your real estate needs. Stop by our office at any time and talk to one of our agents about our personal commitment to providing information and service.]]> Turks & Caicos island the dock had not been safely repaired or replaced during the last 2 years. Carolyn Dickenson, District Commissioner for Salt Cay announced, “This is wonderful news; the dock is a vital part of our everyday life. It is not only important for the residents of Salt Cay that they have improved and safe access to and from the boats, but because tourism has become the main industry on the island. Dive boats and any tourist activity, including transfers, need a safe dock too.” The government announced on August 20 that they will proceed with the new dock and breakwater shortly. In late 2009, the interim government announced a tender request for repairs to the breakwater, but when bids came in significantly over budget, Chief Executive Officer Mark Capes told residents they would have to wait until enough funds could be found to make the necessary repairs to the wall and dock. “I recall being on Salt Cay earlier this year, and both the Governor and I were concerned that rebuilding this vital piece of infrastructure should be taken forward as quickly as possible following a robust and fair tendering process,” Capes said. “I am delighted that work will begin soon.” The interim government’s budget, passed in April, provided the necessary funding. His Excellency the Gov. Gordon Wetherell signed a contract for $643,665.75 with North Caicos Contracting, after a competitive tender. Work on the breakwater is scheduled to begin in mid-September and should be completed ahead of the winter storms. The new breakwater will be built to modern standards using technically higher performance material to bond the dock to the seabed. It will also have a higher elevation to allow boats to anchor safely in heavier seas than in the past. The harbor will continue to function as usual while the project is in progress. The Department of Engineering and Maintenance Services staff will monitor the project throughout the construction period, and design engineers will visit the site to ensure international standards are met. For the full article please see Aug 20, 2010 issue of The Free Press newspaper.]]> view this property. ]]> Turks and Caicos U20 Men’s National Football Team will soon compete with the United States Virgin Islands in what is expected to be an exciting test of wills for the local team in a home and away game format. The 2010 Caribbean Football Union (CFU) U20 Men’s Tournament will see Team TCI play the first phase of the competition of the scheduled match-up, from which the winner will qualify for the Second Phase Preliminary Stage, joining Jamaica, Guyana and Grenada. The first game will take place at the TCI National Stadium in Providenciales on Wednesday, Sept. 8, with a kick-off time of 4 p.m. “Whilst the at home and away format requires considerably more expense on TCIFA’s part, the approach to host one of the matches in TCI was taken to give our players an opportunity to showcase their talents in the presence of TCI supporters and peers, who may not have an opportunity to travel to the USVI to support the team,” said Sonia Bien-Aime, general secretary to the TCIFA. “The Football Association’s aim is to be competitive at regional level, and these games will be an important indication of where we are currently in this regard,” she said. “We still have a young squad of players, and these matches will give the young men much needed experience in a higher level of competition.” The second leg will be held in the USVI on Sept. 14 at The St. Croix Educational Complex Grounds, Rural Route No. 2, Kingshill. The TCIFA, a non-for-profit organisation in the business of football development throughout the TCI, has been in operation since 1996 and a member of FIFA since 1998. The above article is a reprint from The Free Press Newspaper, published Thursday, Aug 26, 2010. www.tcfreepress.com.]]> preferred attributes of the buyer being water views and proximity to water or mountain activities.” Lake and ocean views combined for an overwhelming majority of the preferred attributes surveyed with mountain views coming second. Martin added that while spa and medical facilities have exhibited recent high growth rate forecasts in recent studies, respondents did not translate that growth into the highest motivation for second home purchases. Green-based second homes also did not show the highest appeal, nor has golf amenities translated into sales. The appeal of being close to the water with an ocean view should help keep our beautiful Caribbean Islands as an attractive 2nd home location in the next few years. Contact a Coldwell Banker agent with any questions you have on investing in our real estate.]]> here. ]]> Seaside is located on the Northern tip of North Caicos island in the Turks & Caicos. The property is being developed by the same developers who also produced the highly successful North Caicos Developments "Sand Castle Estates" and "Pumpkin Bluff". This location was selected for development after walking miles of beachfront in North Caicos. The white sand, beautiful clear water, and absolutely breathtaking views resonate with thoughts of paradise. Here, the offshore reef provides calm waters on the beach and some of the best diving, snorkeling and bonefishing in the world. There is also world class Marlin fishing only five minutes from the beach. The average annual temperature dances between 75 and 85 degrees, with occassional forays into the 90's in the late summer months. Mild and refreshing trade winds are the normal, comforting companion. North Caicos is a virtual oasis of social and economic benefits. English is the primary language, and the U.S. dollar is the standard currency. There is no taxation on income, inheritance, or capital gains. There are also no restrictions on property ownership, and the British government guarantees title. The far-and-away, island paradise appeal of North Caicos is ever complimented by every modern convenience. Rental services are readily available for automobiles, motorcycles, scooters, bicycles, boats and water sports equipment of nearly any kind. Taxi and tour services are also available for those seeking to relax and enjoy a tailored experience. Direct worldwide telephone, fax, cellular and internet access are available throughout the Turks and Caicos Islands. Three regular, daily flights to Miami, FL. (about 80 min.) make it easy to keep your right foot in the fast lane. The closest settlement to Seaside is the town of Whitby. Several small hotels, restaurants, and a beautiful stretch of beach. The Pelican Beach Hotel in Whitby is a wonderful place to stay. The proprietors, Clifford and Susan are charming hosts and wonderful people. Clifford was one of the first pilots in the country, always poised with many wonderful and colorful stories free for the telling. Also close to Seaside, is The Prospect of Whitby, a quaint, all-inclusive resort. Here, photographers and nature lovers alike will marvel at the hundreds of West Indian Flamingos at Flamingo Pond. Come and visit us to see what Seaside has to offer. ]]> Basketball Camp taking place at the Youth Center Monday August 9 – 21st at the Edward C. Gartland Youth Center. Coaches provide training on shooting techniques, ball control, defensive and offensive moves. The camp is free and open for both boys and girls ages 12 to 17. Contact Nikita at 332-9604 for information. Join the Provo Rotary Club every Sunday evening at 7pm for Bingo at the Williams Auditorium on the road leading to South dock. Help raise funds that go back into Rotary Community Service Projects in Turks & Caicos. Ages 18 and over welcome. Join the crew of the Good Ship Atabeyra for a sunset cruise or a ½ day snorkel trip. Contact information can be found at www.suncharters.tc. The Providenciales Toastmasters meetings take place every 2nd and 4th Monday (with the exception of public holidays). For information on becoming a member please visit www.toastmasters.org or call 232-4097. Every Wednesday evening join the crowd at Horse-Eye Jacks for their all-you-can-eat Lobster Buffet. Dine beachside, under the stars in Blue Hills, while listening to the sounds of the local band. For reservations call 946-4955. Friday evenings between 6-8pm enjoy O’So Happy Hour at The Pearl Lounge and Zen Garden at the Somerset Resort on Grace Bay Beach. Drink specials and live music. O’So entertaining and O’So delicious. Fish and Chips nights every Wednesday at Sharkbite in Turtle Cove. A great casual meeting place and restaurant sitting 30 feet over the water in the marina. Horse Back Riding along Grace Bay Beach, contact Caicos Corral for morning, evening, sunset or full-moon rides at 331-3939 or caicoscorral@gmail.com ]]> Grand Turk and Provo,” he added. “We’re excited about the opportunity to grow and we are kind of taking a gamble, no pun intended. We are just growing at a time when a lot of people are unemployed and we hope we can create some employment and other opportunities for the people of the Turks and Caicos Islands. The good thing about Carib Gaming is that we can grow without the restraints of having to borrow any capital and we have never borrowed any monies. Carib Gaming has always funded its business internally so if the economy slows down, we don’t have to be concerned about repaying any debt to anyone. That’s why we have been able to weather our way through this rough period. The Turks and Caicos Islands is such a beautiful country and there is no doubt that the economy will recover so we want to be here.” ]]> Turks and Caicos Island (“TCI”) Wedding. With warm sunshine and cool tropical breezes, sugar-sand beaches with sparkling turquoise water and luxurious beachfront resorts featuring award-winning restaurants, the Turks & Caicos Islands provides a perfect setting for weddings and those wishing to renew their vows. Most tropical destination weddings are less expensive, and more memorable, than ones at home. The outdoors provides an elegant and natural backdrop for the ceremony, photography as well as reception, eliminating many of the decorating costs and booking fees at several locations. When you first begin planning your wedding in the TCI consider hiring a local professional Wedding Planner. Their experience and island contacts, from the initial travel plans and required documentation through to the final farewell toast, are invaluable. Wedding planners in the Turks and Caicos Islands can assist you (or point you in the right direction) with the following: - recommend hotels or villa rentals for the wedding party as well as guests - on-island transportation from arrival to departure and to and from the event(s) - rehearsal dinner - arranging for make-up, spa treatments and hair stylists - booking ceremony officials, arranging for documentation and licensing, providing marriage certificates - recommend restaurants or catering companies, tailor menus, arrange for wine/champagne, and wedding cakes - photography and video - music and entertainment - bouquets, flowers as well as decorations. Whether it’s at a Church, Luxury Beachfront Resort, Poolside at a magnificent villa or at a private bay or cove, we look forward to meeting you in the TCI. Wedding Planning Photography and Video Vacation Villa Booking Article courtesy of Coldwell Banker Real Estate Turks & Caicos]]> NOAA study looking at how to curb the rapid growth of lionfish, an invasive species not native to the Atlantic Ocean, suggests that approximately 27 percent of mature lionfish will have to be removed monthly for one year to reduce its population growth rate to zero. But the good news is that the invasive fish happens to be delicious—and NOAA is encouraging chefs to find new ways to introduce it to U.S. consumers. Lionfish are native to the western and central Pacific Ocean, but have established themselves from North Carolina to South America. They are a popular aquarium fish that were likely first released in Florida waters in the mid-1980s. Since then, the species has spread rapidly. Scientists and public officials are seriously concerned at the effect lionfish are having on reef ecosystems, since this predator is capable of rapid population growth and outcompeting native fish for food and territory. "This study offers us the first target for fishing and other local control efforts such as lionfish derbies," says Lad Akins, director of operations for the Reef Environmental and Education Foundation, an organization of divers and marine enthusiasts who are working to combat the lionfish problem. The effort to fish down the species has already begun. Caribbean nations such as the Turks and Caicos Islands are encouraging widespread fishing for lionfish by instituting year-long tournaments with cash prizes for the most lionfish caught. Authorities are also encouraging a local market for the species, whose delicate white flesh tastes similar to a snapper or grouper. NOAA scientists concur that developing a market for lionfish is one of the only ways to substantially reduce their numbers. To this end, NOAA has developed an "Eat Lionfish" campaign that brings together fishing communities, wholesalers, and chefs in an effort to broaden U.S. consumers' awareness of this delicious invader. While the study represents a significant step forward in understanding how to turn the tide of the invasion, the study’s authors warn that more work is needed to understand the ecological effects of lionfish, track the population, and develop control strategies. "Lionfish represent the first reef fish invader to become established in the Atlantic, but as we know from history, invasive species are a persistent problem," says Dr. James Morris, a marine ecologist with NOAA's Center for Coastal Fisheries and Habitat Research. "Understanding the factors involved in the spread of lionfish may help us be better prepared for future invasions." The study's recommendation of a 27 percent monthly reduction represents a major fishing effort which may not be feasible in some areas, such as the expansive areas where lionfish have become established off the southeast U.S. coast, but which may be possible in areas where lionfish habitat is more constrained. The study, a collaboration between scientists from NOAA and North Carolina State University, can be found in the June 2010 issue of Biological Invasions. NOAA's mission is to understand and predict changes in the Earth's environment, from the depths of the ocean to the surface of the sun, and to conserve and manage our coastal and marine resources. For more information on the Lionfish click here. ]]> www.sweetpatootee.co.uk]]> Turks and Caicos Islands (“TCI”) are home to one of the world's most extensive coral reef systems. Measuring 65 miles across and 200 miles long, the reefs in TCI are considered one of the top locations for snorkeling and scuba diving. With underwater visibility reaching about 150 feet divers from all over the world come to the islands for the spectacular marine life, wall diving, colorful flora and fauna, as well as wreck diving. There are many diving companies in the TCI, most offer several dives per day plus night diving. What is a coral reef? A fragile underwater ecosystem, that is extremely sensitive to water temperature, made from calcium carbonate secreted by corals. Corals are tiny colonies of tiny living animals found in marine waters that contain few nutrients. Reefs thrive in warm, relatively shallow, clear, sunny and agitated water – typically in the tropics. Occupying less than 1% of the world ocean surface they provide a home to 25% of all marine species. How are they formed? After the last glacial period melting ice caused the level of the ocean to rise and flood the continental shelves. Reefs were formed and grew toward the light, leaving just enough room for the ocean to cover them. Condition: Experts agree that coral reefs are dying around the world. Coral mining, pollution, overfishing, pollution, warming ocean temperatures and the dredging of canals and man-made access into the islands pose serious threats to the ecosystems. Approximately 10% of the world's coral reefs are already dead. Take care when boating and diving or snorkeling near the reef, they are fragile and cannot be replaced. Divers are asked to respect the marine environment and leave the reef as they found it. In the TCI mooring buoys have been strategically placed at all dive sites close to the beaches to avoid further damage. Diving in the waters surrounding the Turks and Caicos Islands is spectacular. For more information on booking accommodation contact us here, for diving information and bookings click here. ]]> Turtle Cove Marina as well as offering beautiful views of the famous “Grace Bay” here in the Turks and Caicos Islands. Completed in July of 2004, the development is located virtually in the center of gravity on the island offering a wide variety of things to do to fulfill your every dream and desire while on vacation. And when owners are not in residence they have the option to add the suite to the rental pool. The Yacht Club features a mix of one, two and three bedroom suites as well as Penthouses. Every unit has a view of the Marina and the ocean, as well the Yacht Club is a mere three-minute walk from a pristine white sand beach at the western end of famed Grace Bay. If you are a snorkeling enthusiast you are also the same three-minute walk to one of the most famous reefs on the island “Smiths Reef”. Here you will have the distinct pleasure of capturing some of the most amazing underwater sea life you have ever seen. Aside from the beautiful underwater coral vegetation you will also experience spectacular views of some of the most colorful and vibrant amphibious species on the planet. The Yacht Club is ideal for Investors who wish to either live permanently on the islands or just wish to visit occasionally. This marina-side resort is strategically placed in the heart of Providenciales on one of just 4 Marinas on the island attracting not only vacation destination travelers but boating enthusiasts as well as some of the world’s top offshore fisherman. The marina at Turtle Cove features several restaurants, shopping, diving, and water sports - this vibrant location offers some of the most exciting living on the island. The panoramic spectacle of multi-million dollar fishing vessels and yachts, sailboats and the entire marina maintain exceptional views day and night. For more information on listings available in The Yacht Club contact one of our experienced Sales Associates. ]]> Ocean Club West Resort. Built in 2001, this hotel is a newer version of the original Ocean Club hotel which is located beachfront, across from the Provo Golf Club. The two hotels offer shared amenities for guests and owners. Three pools, three tennis courts (lit for evening use), gym, spa, stores and two signature beachfront restaurants. "Stay at one, Play at both" is the theme at the Ocean Club Hotels in Turks & Caicos Islands. At West you will find a Junior Suite that is currently listed for sale. Measuring 1050 sq feet this suite is larger than most one bedroom hotel rooms. With a large screened-in balcony, 1 1/2 baths, this suite overlooks the pool and lush tropical landscaping set center-stage at Ocean Club West. Financial Statements and Operating Income Statments available, click here for more information on this listing.]]> Coldwell Banker Real Estate Turks and Caicos for how to downsize with style: • Keep, sell, donate, and trash. Although it is difficult to part with possessions, doing so is often a must for anyone planning to move into a smaller home. Begin by dividing belongings into keep, sell, donate, and trash categories. Post items for sale online, or hold a garage sale; offer unwanted furniture and clothes to a friend or family member or donate it to local charities. Knowing that others will appreciate these things might make parting with the items a bit easier. • Scale it back. Unless a homeowner is trying to make a dramatic statement with an extra-large couch or coffee table, a small space will likely look and feel better with moderately-sized or even slightly smaller furnishings. In fact, a room with furniture that appropriately fits the space will actually seem larger. It is all about scale. • Look for multipurpose living room furniture. A piece of furniture with more than one purpose is a downsizer’s dream. Coffee tables and ottomans that double as storage cubbies allow guests a place to rest their drinks and feet while the host’s belongings remain hidden underneath. And who needs a guest room when the couch has a pull-out bed? • Don’t just dream of storage, dream on it. Platform and storage beds are ideal for storing items that are used infrequently such as seasonal clothing, spare bedding and linens. Plus, they free up valuable space in bedroom closets, especially those that are shared! • “Build” a wall with a simple screen. The smaller the home, the more purposes each room serves. But this does not mean a homeowner must eat where they sleep. Buyers opting to downsize should consider putting up a screen to divide a room with more than one use into sections. The room will still feel open but the screen will provide some much needed privacy and separation. • Consider hanging curtains. Just because the new home has fewer windows does not mean its owner has to settle for boring window treatments. Hanging curtains on the side of the window pane can make it appear larger, and curtains that run from floor to ceiling can create the illusion of height. • Maximize wall space. Homeowners who have run out of floor space and need additional room should look to the walls. Shelves that are hung on walls or above doorways will provide more space and serve as stylish room accents. Furthermore, while it sounds simple, the addition of a mirror on any wall will add depth and light to a room, making even the smallest space seem larger. Mirrors also add elegance and charm to a home’s décor, often at a reasonable price. • Utilize new technology. New technology, such as flat screen televisions, ipod & docking station and laptop computers, allows for more space in the living or office areas while adding a modern touch to the home. For information on homeownership in the Turks & Caicos Islands contact us here. ]]> Turks and Caicos Islands symbolizes the humble, hard-working life of our ancestors, who raked the salt ponds, toiled in the fields on the various plantations, and fished the oceans and harvested conch and sponges on our many islands. Its rainbow of colors boldly highlights our natural beauty and symbolizes the unique characteristics of each of our many islands. It should be worn with pride and dignity, as a statement of our love and respect for this wonderful country, not only by Belongers, but by all who call the Turks and Caicos Islands home.” RED - represents the nation's capital, Grand Turk. The color is taken from the red/pink fruit found on the Turks Head Cactus. They were once found in abundance on Grand Turk before they were removed to accommodate the salt ponds. WHITE - represents Salt Cay. The color came from salt. The salt industry was largely responsible for populating the islands of Salt Cay, Grand Turk and South Caicos. ORANGE - represents South Caicos and East Caicos. The color comes from the spiny lobster and reflects the fishing industry in the "Big South". TAN - represents Middle Caicos. The color is taken from the raw material (thatch) that once covered the roofs of the houses. It is also used to make straw hats, baskets, and brooms. Middle Caicos is known for the superior quality of native craftwork. GREEN - represents North Caicos and Parrot Cay. The color is taken from the fruit trees and other types of trees. The most fertile of all the islands is North Caicos, home to Wade's Green Plantation the most successful of the Caicos Islands plantations. TURQUOISE - represent the islands of Providenciales, Pine Cay and West Caicos. This color comes from the beautiful turquoise waters that surround these islands on which our famous Caicos fishing sloops sailed. PINK - represents the beautiful conch shells, flamingoes, and the numerous uninhabited cays that make up our chain of islands. YELLOW - represents God's glory as the sun shining down on all of our beautiful islands and cays. ]]> International Banking Group (“IBG”), Turks & Caicos Islands newest bank, recently hosted two Open House events in June. These events were intended to allow the public and potential interested shareholders to come and meet the bank’s staff and ask questions about the bank and its share offering program with the President and Chief Executive, Ivan Browne, and other senior management staff. Following the launch of the initial share offering last March, IBG extended the deadline due to requests for more time to review the prospectus and understand the offering. In order to provide interested parties with additional information, the bank opened its doors on June 18th and 25th. International Banking Group is the newest addition to the Turks and Caicos’ retail and Commercial banks offering a full range of banking products including internationally branded credit and debit cards, personal and commercial lending, checking and savings accounts. Located at the Graceway Plaza on Leeward Highway, (tel) 649 941-4424, website: www.ibgtci.com, IBG is a subsidiary of Cayman National. The bank is licensed by the Financial Services Commission of the Turks and Caicos Islands and is regulated by this entity and the Cayman Islands Monetary Authority. The bank therefore is required to comply with all regulatory requirements prescribed by these bodies. In addition, the bank says its internal controls, compliance and risk-policy are in line with the highest international corporate governance standards. For more information on IBG visit their website here.]]> National Blueberry Month. So the month of July would be a national holiday? Well not exactly, but as the US produces over 90% of all the blueberries in the world they figured it was a good reason to celebrate this summer month with berries, berries and more berries. The Blueberry Bush is native to the North American continent. Early settlers cherished the fruit as a staple ingredient in foods and medicines. It is said that the Native Americans taught the pilgrims to use blueberries in many ways, blueberries were dried in the sun and ground into a powder to make a pudding called Sautauthig, and it was used to season meat as a “spice rub.” Beef jerky was made from the dried berries and meat and eaten year-round. Grown in 35 states in the US as well as in British Columbia, nearly half of the cultivated blueberries grown are sold as fresh blueberries. Over 200 million pounds are produced each year, major regions of production of this acid loving plant include New Jersey, Michigan, Indiana, Oregon, Washington, North Carolina, Georgia, Florida, Mississippi, Louisiana, Arkansas, Texas and British Columbia Canada. They are readily available in the produce section for use in desserts, salads, pancakes or waffles, soups, yogurt, cereal and vanilla pudding, smoothies, tea and even wine – that’s right, blueberry wine! Good for your health? You bet, years ago Blueberry tea was supposed to help relax women during childbirth, leaves from the blueberry bush were used to make a blood purifier that was good for the kidneys, and blueberry juice was known to be good for soothing a cough. Modern medicine also identifies the health benefits of blueberries. There is a Blueberry Cranberry Research Center at Rutgers in Chatsworth, N.J. that found blueberries help prevent infections in the urinary tract in much the same way that cranberries do. The nutritional value of blueberries cannot be beat by any other fruit or vegetable. They are full of antioxidants, which have been scientifically proven to help reduce the risk of certain cancers and heart disease. They are also excellent sources of vitamins A and C, as well as potassium, folic acid, and fiber. Plus, they are low in calories - one cup of berries is only about 80 calories. Do not wash your blueberries prior to freezing them, if you purchase them in a pint box simply wrap the box tightly in cellophane to make it airtight or place them in a zip-lock baggie. If you buy the berries in bulk, freeze them on a cookie sheet first and then transfer them into a freezer container. Keep frozen until ready to use. Restaurants in the Turks & Caicos Islands feature several breakfast menu items as well as desserts using blueberries. Look for them next time you dine beachside at one of our award winning local restaurants. Article courtesy of Coldwell Banker Real Estate Turks & Caicos.]]> Providenciales (Provo) measures 38 square miles and is the largest in the chain of Turks & Caicos Islands. It has grown exponentially from a sleepy, sparsely inhabited island in the 1970s to the tourist mecca it is today. The centre of tourism activity in the Turks and Caicos Islands, it is the main port of entry into the country. While development is concentrated in the stunning Grace Bay area (one of the worlds top ten beaches as awarded by Conde Nast Travel), there are many other communities dotted throughout the island. From the charming and colorful settlement of Blue Hills on the west coast out to the exclusive and chic Amanyara Resort at the Northwestern Point, Silly Creek and Chalk Sound are on the south side along with Turtle Tail, Leeward at the northeastern tip of the island, and bustling Turtle Cove Marina - the island’s original tourism hub and marina - there is something for everyone. Relatively undiscovered stretches of beach line the south-east side of the island; Long Bay is as yet untouched by commercial and resort development. There have been several recent sales of canal-front residential lots, in-land building lots as well as beachfront estate parcels of land in the Leeward development in the Turks & Caicos Islands. For the first time several key properties in this exclusive neighborhood, located at the northeastern tip of Provo, are now available for sale. A residential neighborhood that is called home for many of the islands full-time residents, several popular vacation beachfront properties as well as condo owners at the Leeward Marina Resort - this development has always been considered one of the premier areas in the TCI. Close to the Provo Golf Club and the hotel and resort area of Grace Bay Beach, Leeward features some of the most expensive beachfront estates and villas plus canal front homes in the TCI. Along 12-mile Grace Bay Beach, you can lazily stroll along a magnificent span of sugar-sand shores and plant your umbrella and sunbathe in a calm, relaxed environment. There is no other place on earth that can match the beauty of the turquoise waters lapping against the pristine white sands of Grace Bay. In the recent years this area has seen a number of condo-hotels and luxury boutique resorts built along its shoreline. Private condo-residences and small shopping areas have been carefully planned and constructed making this the tourism “hub” of Provo. Restaurants, boutiques, outdoor cafes, local offices and banks as well as small gourmet grocery stores are within easy walking distance of most beachfront resorts and vacation properties. The largest industry in the TCI is undeniably tourism. With balmy year-round weather there is not a bad time to visit the pristine white sands and startling blue waters. Temperatures range from the low 80s in the winter to low 90s in the summer, and the trade winds offer cooling breezes wherever you find yourself. Our main natural assets are our 200+ miles of pristine white-sand beaches, our coral reefs and ocean walls, offering some of the world’s best diving. Complementing our pollution-free natural beauty is the foreign investment and foreign-resident friendly environment and complete absence of taxes on personal and corporate income, capital gains and inheritance. Providenciales, Turks and Caicos Islands – the first stop as you begin your magical vacation in the TCI. www.coldwellbankertci.com]]> Lobster Season opens in Turks & Caicos on August 1st…… Only 10 more "sleeps" until the lobster fishermen (and women too) in the Turks & Caicos Islands are back in the water fishing for lobster and its on the menu at most island restaurants. Known as the “Big Grab” August is the month when the residents of TCI begin to once again find fresh lobster in the stores. The chefs prepare numerous exotic dishes using the local lobster yet the most popular is boiled or steamed as an entrée with melted butter, or in soups and salads - fresh and simple. The “season”, which is closed between April 1 and July 31 due to the spawning time for the lobsters, lasts through the fall and winter months. Lobster fishing is an important marine resource for the Turks & Caicos islands. With large stretches of shallow sandy banks that surround the coral reefs, lobsters are plentiful in the waters close to the islands and cays. On the island of South Caicos you will find the only HACCP (internationally acceptable technique for ensuring food safety) certified seafood plant in the Turks & Caicos Islands, Caicos Pride Products Ltd. Locally owned and operated since 1999, this plant processes scale fish, conch and lobster. Seventy-five percent of working residents in South Caicos are tied to the fishing industry. Their company website has terrific information on local lobster and fishing in the TCI. Caribbean Lobster Oil (made in the Turks & Caicos) has the color, scent and taste of lobster. The oil is made from an extraction process using sunflower oil, TCI lobster, tomatoes and aromatic herbs. Visit their website for more information about the oil, which stores in the Turks & Caicos Islands offer it for sale, or you can simply order it directly from the site. The Caribbean Lobster Oil website also features a couple of “must try” recipes, Crispy Lobster & Vegetable Spring Roll with Soya Lobster Dressing, and Julienne Vegetable Salad with Roasted Lobster topped with Balsamic Lobster Dressing. So as we countdown to the lobster season opening date of August 1st we invite you to visit our islands and taste the local food, island style. Coldwell Banker Real Estate Turks & Caicos, www.coldwellbankertci.com ]]> their blog for all of the 100 tips. Here are the 1st 12, for General Supplies: 1. Pack a to-go bag: This overnight bag should be easy to take with you if you have to evacuate in a hurry and should include a change of clothes, bottled water, flashlight and important documents. 2. Cash: ATMs and credit card machines may not work for a while after the storm. 3. Battery-operated radio: Make sure you have extra batteries too, so that you can keep up with news reports and alerts. Hand-crank radios work well, too. 4. Secure a two-week supply of prescription medicine: Anyone on prescription medications, as well as pregnant women, should pack a two-week supply of their meds in a sealable plastic bag, clearly labeled. Include instructions for taking the medications, too. 5. Flashlight and lanterns: Make sure you have a couple of flashlights, candles, matches, lanterns and other alternate sources of light. 6. Personal hygiene items: It might be hard to get to the store to buy toilet paper, tissues, soap and other sanitary items after the storm. 7. Extra keys: Having an extra set of keys in your kit is a good idea in case people get separated or if they're lost in a flood or the confusion. 8. Pet items: Remember food, medicine and water for your pet, too. 9. Disinfectant: You never know what mess you'll have after a storm. 10. Checklist: This printable checklist can serve as a guide for your own personal checklist. Give one to each family member to personalize. 11. Extra batteries: You'll need extra batteries for your radio, flashlights, and other items. Get these early before they all sell out. 12. Prepare early: Emergency items sell out quickly at the stores, so stock up your kit before hurricane season even starts, and replenish food supplies every six months. Other categories in this extensive review are *First Aid *Repair & Maintenance *Food & Water *Power Outages *Entertainment *Special Needs *Evacuating *Paperwork *Staying Informed *Safety Be sure and read the full blog, as you will probably find some ideas to help you and your loved ones be ready for our next major storm.]]> Turks and Caicos Islands will follow international standards adopted by other Caribbean Islands. Here is a reprint of the article that was published by The Free Press Newspaper Thursday July 15, 2010: A proposed new import duty structure that goes into effect Aug. 1 will eliminate or reduce duty on food, baby supplies, construction equipment and materials, and “green” products, while increasing duty on alcohol, tobacco and luxury items, the Consultative Forum was told July 13. The new system is “a gigantic step in the right directions” aimed at stimulating economic growth, reducing hardship on financially disadvantaged residents and collecting more revenue, said Permanent Secretary of Finance Delton Jones. The new duty system for the Turks and Caicos Islands is expected to generate $52.5 million in the 2010-11 fiscal year, based on the new duty structure, improving economic conditions and improved collection. Jones said the Ministry of Finance would be using various price monitoring methods to make sure that businesses pass on the reductions to consumers and not keep the savings. Those include the upcoming household income and expenditure survey and development of the TCI’s own consumer price index. “Certainly businesses would recognize that it’s in their own self interest to pass on some of these benefits. Otherwise persons import more, form their own import clubs so they can bring their own items into the country,” Jones said. The new system will follow international standards and be greatly simplified for both customs officials and customers, making the process easier and more efficient, Jones said. Among the more important changes is the elimination of the 10 percent duty surcharge that was imposed in 1991 and was supposed to be temporary. That 10 percent surcharge has been levied on the combined value of goods, shipping costs and normal duty. Also, duty exemptions that lost almost $60 million in revenue in 2008-09 also will be reduced and restricted. Export duties, mostly on marine products, have collected little revenue — only $61,154 in 2009-10. All export duties will be eliminated, saving the cost of collecting such small amounts. Customs Advisor Geoff Thorne gave the forum a glimpse of the changes to come: Food itemsReduce current 12 and 25 percent rates to 10 and 15 percent, with some duty free. With the removal of the 10 percent duty surcharge, overall reduction would be 27.5 percent. Fish not caught locally Reduced from current 40 and 25 percent to 15 percent Construction and manufacturing 10 percent duty on agricultural appliances and machinery, manufacturing equipment, building and construction equipment and materials Duty free Baby and dietetic products, over-the-counter drugs, feminine hygiene and personal care products, baby napkins and liners, baby garments and clothing accessories, baby carriages. Solar and wind generating equipment, solar panels, low volume toilets, water filtering equipment, biodegradable plastic bags and washing products, compact florescent energy saving light bulbs Green productsEnergy Star appliances reduced from 33 percent to 15 percent Electric and hybrid vehicles — 10 percent Increased duty 40 percent duty on imported fish and crustaceans that are caught in local waters, including lobster, conch, grouper and snapper Products contributing to obesity and diabetes, particularly in children, including confectionery, fruit juices and high-fat content ice cream Alcohol and tobacco Luxury items including jewelry, vehicles and boats Article reprint from The Free Press provided courtesy of Coldwell Banker Real Estate Turks & Caicos. www.coldwellbankertci.com]]> REAL ESTATE DEFINED - A GUIDE TO KEY TERMINOLOGY Coldwell Banker Real Estate Turks & Caicos Provides Consumers with a ‘Cheat Sheet’ to Understand Common Terms of the Trade..... July 17, 2010 – Entering into the world of real estate can be very exciting, but often times, understanding the terminology can be complicated. To help consumers better understand real estate terminology, the professionals at Coldwell Banker Real Estate Turks & Caicos have prepared a short summary to assist home buyers and sellers in navigating their way through the housing marketplace. The following is a list of common terms or phrases associated with the real estate process. 1. Appraisal: A home appraisal is a survey of a home by a licensed professional for his or her opinion of the property‘s value (i.e., what a home will likely sell for on the open market). In most cases, an appraisal is done for a bank when a home buyer is applying for a loan for the home. The home appraisal is a detailed report that looks at such items as the condition of the home, the neighborhood and what similar homes in that neighborhood are selling for. An appraisal is not a home inspection. Appraisers only look for major concerns; they do not examine the home's full condition (i.e., examine the roof, appliances, etc.). An appraisal also differs from a Broker's Price Opinion (BPO) or Competitive Market Analysis (CMA), which provide an estimate of a home’s value by making comparisons to similar properties in the area and what they were listed and sold for. This is usually done for free by the prospective listing agent. 2. Commission: Commission is the compensation or fee that a real estate agent charges for performing the agreed-upon terms under a brokerage contract. The commission due for a real estate transaction is usually paid from the seller's funds at closing. The fee is typically calculated as a percentage of the total sales price and commissions vary from market to market. Commission is shared between the listing agent and the agent who represents the buyer; also, agents split their commissions with their brokers. 3. Closing: Closing, or settlement as it sometimes referred to, is the final step in completing a real estate transaction. The closing date, set during the negotiation phase, usually takes place several weeks after an offer is formally accepted. At this time, ownership of the property is transferred to the buyer and any costs incurred by either the buyer or the seller beyond the price of the property itself are paid. These additional expenses are known as closing costs and might include title fees, attorney fees, stamp duty, insurance premiums, etc. Closing typically takes two weeks to 45 days depending on variables such as delays in obtaining documents, clearing title defects, inspection repairs, etc. 4. Existing Home Sales: Existing home sales is an economic indicator of both the number and prices of single-family homes, condos and co-op sales over a one-month period. Each month, the National Association of Realtors (NAR) releases statistics on sales and prices of existing single-family homes for the nation and four regions. The existing home sales report, which includes footnotes on how the numbers are derived, is available at www.realtor.org. For existing home sales information in the Turks and Caicos Island contact us. 5. Home Appreciation: Home appreciation is the increase in value of a property over a period of time. Short-term increases or decreases in value are triggered by factors such as employment rates, interest rates, housing supply, demand, affordability, crime rate, quality of schools in the area and proximity to a city. Additional factors such as upgrading a home can also result in home appreciation. What a home is worth depends on these elements, as they directly impact what a buyer is willing to pay for a particular property. While real estate moves in cycles and home values fluctuate regularly, real estate has consistently appreciated over the long term. 6. Home Equity: Home equity is the value of ownership in a home that represents the current market value of the house -- minus any remaining mortgage payments. This growing value is contingent on the property owner paying off the mortgage and the market value of the property appreciating. When a home is purchased, every dollar put towards the down payment is immediately transferred to the equity in the home. This is one of the many reasons why saving for a down payment is so important - a significant down payment helps homeowners build equity more quickly. For example, a home buyer who puts nothing down needs a year of 20 percent appreciation to have as much equity in his property as a buyer who put 20 percent down in a stable market. 7. Home Inspection: Home inspection is a visual inspection of the structure and components of a home by a qualified professional to find items that are not performing correctly or items that are unsafe. A home inspector's report will review things, such as the condition of the home's cooling systems, interior plumbing and electrical systems; the roof, attic, and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement, and visible structure. While the inspection is not meant to be a tool for re-negotiations, many times it becomes one. Homebuyers should be sure to make a list of items they think should be addressed and present them to their real estate agent in a timely manner. Often times, the seller will agree to have the problems repaired before closing or accept a new offer that deducts the cost of repairs. 8. Housing Market: The housing market refers to the supply and demand for houses in a particular country or region. Factors that affect the housing market include interest rates, the mortgage industry, economic growth, incomes, unemployment rates and population demographic trends. More specific definitions of “market” include: • Buyer’s Market: A buyer's market occurs when demand for homes are very weak and prices do not appreciate as much or in some cases actually drop in certain areas. In a buyer’s market, homebuyers have the opportunity to purchase a home at lower prices. • Seller’s Market: A seller's market occurs when demand of for homes is great. In a seller’s market, potential sellers have the opportunity to sell their home at a higher price than in the past due to a limited amount of properties available and a large number of potential buyers demanding them at current prices. Sellers and home owners are also likely to experience higher appreciation in a seller’s market. • Time on Market: The length of time in which a home is listed for sale is known as “time on market.” On many MLS listing sheets, this is also noted as D.O.M. – Days On Market. 9. Inventory: Housing inventory is the number of existing homes available for sale each month. The most closely watched housing inventory measure is a months' supply, which measures the latest housing supply in relation to housing demand. A seven to ten month supply is considered a balanced market when in the Islands. A decrease in homes for sale is a sign that the housing market is on its way to recovery, while a large supply of homes still available gives potential buyers more options in choosing the home that best fits their specific needs and wants. • Sales Associate: A sales associate is a real estate expert who is involved in real estate sales and transactions. Though it is not required to hire an agent when buying or selling a property, the tasks an agent performs can be extremely complex and time-consuming. Therefore, it is in a consumer’s best interest to work with a seasoned real estate professional who can offer invaluable expertise and assistance, as well as insight into the local real estate market and neighborhoods of interest. A sales associate that is hired to sell a home is responsible for marketing the home to potential buyers as well as other agents who are working with buyers. Some specific responsibilities include: o Assisting the seller in pricing the property appropriately o Suggesting any necessary repairs to be taken care of prior to listing o Exposing the property to a maximum number of buyers; arranging showings and providing feedback from prospective buyers o Explaining all the contingencies, helping the seller to remain objective and make informed decisions based on current trends, market data, and individual needs o Presenting and negotiating offers on the seller’s behalf o Following through on the offer to closing. A sales associate representing a buyer will need to focus on what the buyer's needs are, establish what amenities the buyer is looking for, what geographical area(s) are being considered, how prepared the potential buyer is to buy and how much he/she is willing to spend. This associate must also have a firm grasp of the surrounding area's real estate market so that he/she can recommend alternative properties to the buyer. Once the home buying process begins, a sales associate will be responsible for the following: o Providing an analysis of each property o Preparing an offer to purchase the property o Negotiating with the seller, or their sales associate, to obtain an agreement on pricing and terms o Providing the buyer with an estimate of the costs involved in the transaction and assisting the buyer in contacting the professionals necessary to complete the purchase (mortgage services, and home inspectors, etc). For more information on real estate we welcome you to contact a Sales Associate with Coldwell Banker Real Estate Turks & Caicos at www.coldwellbankertci.com. ]]> Da Conch Shack located on the beach in Blue Hills. Dining at picnic tables set in the sand, where the staff collects the fresh Conch from the water’s edge and serves a terrific Rum Punch. Dress is casual and bathing-suit & cover-ups and shorts & t-shirts are the norm when visiting for lunch or a late afternoon snack. The Conch is a plant eater and may live as long as 25 years. The shell has a cream colored exterior with shades of pink inside making it a desirable souvenir for tourists and residents. It is found in many gift shops and may be used as a decoration, planter or you may see ones carved into serving bowl sets, cups and other small items. The Conch Festival, held in Blue Hills each November, is an annual Turks and Caicos event where local chefs from the island restaurants participate in a cook-off. The best of the best Conch recipes are presented, cooked and served to the public. This is one of the most popular events during the year, the dates for 2010 are November 6th and 7th – so mark your calendars. The 2009 winners were as follows: 2009 Grand Champion – Bay Bistro Best Conch Chowder – Salt Mills Diner in Grace Bay Best Specialty Conch – Conch Burger at Seaside Restaurant Ocean Club East Although there are hundreds of Conch Salad recipes, here is a basic one – add and delete ingredients as you wish: 1.5 lbs raw conch meat pounded and diced ½ an English cucumber, chopped 10 limes, squeezed 5 lemons, squeezed 1 large tomato, chopped 1 green pepper, chopped 1 celery stalk, diced 1 large onion, chopped salt and pepper Dash of cayenne pepper or hot sauce Combine all ingredients except the last, marinate for at least 4-5 hours in the fridge (may be made a day ahead and kept in the fridge overnight), add a dash of cayenne pepper or hot sauce just prior to serving. Conch Salad - A Turks and Caicos favorite. www.coldwellbankertci.com]]> Seven Stars Resort on Grace Bay Beach - Featuring 3 seven-storey oceanfront buildings this 113 suite condo and resort-hotel has plenty to offer guests visiting the Turks and Caicos Islands. Accommodations range from junior suites (48) to five bedroom penthouses with spectacular beach, pool, resort and ocean views. The name Seven Stars is taken from the Seven Stars (or Seven Sisters) of the Pleiades, a storied constellation that, in Greek mythology, represents the seven daughters of the god Atlas and goddess Pleione. This group of stars is among the nearest to the Earth of all open clusters and is thought to be the best known and most visible to the naked eye. The resort developer named the resort Seven Stars as it was said that nowhere do the Pleiades shine as brightly as over the Turks and Caicos Islands. Hotel guests are pampered and receive exceptional service - continental breakfast (complimentary), twice-daily housekeeping, the resort has a dedicated Resort Concierge and Activities Director, numerous Children’s Programs, Yoga and Pilates are available - plus a full spa (in-room treatments as well), private shopping services, complimentary shuttle to the Provo Golf Club, internet connections available in all the suites and wi-fi internet at poolside, customized diving lessons as well as private sailing lessons can be arranged during your visit. Centered at the beachfront of this resort is the swimming pool with an eye-catching mosaic design. This property features the Island’s only heated salt-water pool, the cabanas have ocean views, pool attendants with plenty of towels and umbrellas make your stay at this resort relaxing and effortless. Three restaurants are located on-site for your convenience, The Sand Dollar – serving breakfast, lunch, drinks and snacks; The Terrace – serving dinner, and The Deck where you can enjoy a cocktail along with their special Island tapas. Evening music is provided several nights during week. Indoor and outdoor meeting and function spaces are available at this Grace Bay Beach hotel, accommodating up to 200 people. A varied menu and entertainment options (audio/visual equipment) make this a perfect conference or wedding destination in the Turks and Caicos Islands. For group or event bookings we recommend you contact the hotel directly. Whether a romantic summer getaway, friends or couples looking for a glamorous setting and upscale resort atmosphere, or families looking to spend some quality time relaxing pool or beachside – this property is a perfect destination. Summer rates and specials available from just $350 US per night (plus tax) through September 6th, 2010. Coldwell Banker Real Estate Turks and Caicos has just completed a sale at the Seven Stars Resort Turks and Caicos, closing was June 2010, contact selling agent Linda Elrick at lindaelrick@coldwellbankertci.com for details. www.coldwellbankertci.com ]]> Salt Cay, Grand Turk, South Caicos and the surrounding cays is one of only 41 sites competing in the bid to be awarded World Heritage status by UNESCO. The British Government will be submitting their shortlist and the Salt Islands in the Turks and Caicos have forwarded their application to the UK to join the 890 properties of “outstanding universal value” including 689 cultural, 176 natural and 25 mixed properties in 148 States Parties. The World Heritage Committee will consider requests for the inscription of new sites on UNESCO’s World Heritage List when it meets for its 34th session in Brazil from July 25 – August 3. Ethlyn Gibbs-Williams, Executive Director of the National Trust confirmed that an application was forwarded almost 10 years ago for Salt Cay but that bid did not make the UK’s shortlist. The Weekly News reported that Ms. Gibbs-Williams made the following statement regarding the current application, “This time we included more of the country (Salt Cay, Grand Turk, South Caicos and the surrounding cays in that area), emphasizing its cultural and historic value along with the habitat it provides for a range of migratory birds. Salt Cay also has the largest population of heather, the Turks and Caicos national flower. If the Salt Islands were to become a World Heritage Site, it would award them far more protection and really give the country recognition.” Looking for the “wow factor” Britain’s Tourism and Heritage Minister, John Penrose, released the list of requests for recognition noting that each of the sites on the list “have a cultural resonance that makes them real contenders to sit alongside the Pyramids and Red Square in this most distinguished of gatherings.” UNESCO is the United Nations Educational, Scientific and Cultural Organization, a specialized agency of the United Nations established in November 1945. Its purpose is to contribute to “peace and security” by promoting international collaboration through education, science and culture in order to further universal respect for justice, the rule of law, and the human rights along with fundamental freedoms proclaimed in the UN Charter. UNESCO is based in Paris France and as of October 2009 has 193 Member States and seven Associated Members. Current sites on the World Heritage List include: The Great Barrier Reef and Fraser Island both in Australia; the Historic District of Old Quebec in Canada; the Colonial City of Santo Domingo in the Dominican Republic; National History Park – Citadel, Sans Souci, Ramiers in Haiti; Venice and its Lagoon in Italy; New Zealand Sub-Antarctic Islands; Brimstone Hill Fortress National Park in Saint Kitts and Nevis; the Tower of London in the UK and many more. For a full list please visit the UNESCO website. Article provided courtesy of Coldwell Banker Real Estate Turks and Caicos]]> Turks and Caicos Islands. Quiet and peaceful, this area is home to water and beachfront properties set along the Chalk Sound National Park and the pretty blue ocean. Large residential parcels in this area allow for bigger homes and additional privacy from neighboring properties. Graham Canham, Sales Associate with Coldwell Banker Real Estate Turks and Caicos has recently listed a two-story residence set on 2 lots in the Chalk Sound area. With beachfront access this home is perfect for families looking for a waterfront home with plenty of privacy and space under the $1 Million dollar mark. Visit our website at Coldwell Banker Real Estate Turks and Caicos for additional information or visit our Real Estate Blog and Newsletter for the TCI.]]> RisMedia.com)]]> Turks and Caicos.....Incorporating eco-friendly measures in homes has moved beyond installing energy efficient appliances and swapping out incandescent light bulbs for compact fluorescents – going green is giving home sellers a competitive advantage. With luxury condos touting eco-friendly features like rain water recycling, and home builders incorporating energy saving features into new homes, it’s no wonder real estate professionals say more and more home buyers are asking about “green homes.” In the end, small changes to a home can help the environment and help a property stand out among the competition. “It makes sense on a number of levels to incorporate green principles into a home and many consumers are surprised at just how easy it is to do so,” said Graham Canham, Sales Associate for Coldwell Banker Real Estate Turks and Caicos. “Not only is it great for the environment but homeowners are looking at ‘going green’ as an opportunity to have their island home stand out from the crowd.” The following are eight tips from the professionals at Coldwell Banker Real Estate Turks and Caicos, that outline how to make homes sustainable, energy- and cost-efficient now, and appealing to eco-conscious homebuyers: 1. A Ray of Light: South-facing windows provide more natural daylight making a home more bright and cheery. Drawing shades during key daylight hours during the summer can help cut down on air conditioning needs. 2. Green Gardening: Sustainable landscaping is becoming all the rage to eco-conscious homeowners. Planting native plants, vegetation and shade trees strategically around a yard can keep a home cool during the summer. Native vegetation thrives in its preferred environment without requiring excess water. 3. Switch to Green Power: The use of renewable energy in a home, such as solar, wind, water or geothermal, greatly helps reduce pollution. However, installing solar panels or wind generators property can be cost-prohibitive for some. 4. Dial it Back: Lowering the settings on water heaters, refrigerators, dishwashers and laundry machines reduces the amount of energy required to maintain the temperature. Installing low-flow sink faucets and shower heads also lessens water consumption. 5. Reuse Rain: Recycling rain water for gardening is another great way to conserve. For example, a water collection system under drains can catch the water and then reuse it for watering landscapes. Most houses in the Turks and Caicos Islands are built with large cisterns under the home itself. 6. Less Lawn does More: Eliminate as much of the lawn as possible and plant native bushes, flowers, etc. Depending upon a number of factors (including the climate of the region), homeowners can simply cut back on the amount of space that they have to mow to promote energy conservation in lawn care. 7. Turn Old into New: Refurbish the home's existing materials when remodeling instead of buying new ones (cabinets, tiles, flooring). If brand new appliances are required, homeowners should make sure they are energy-efficient, and should consider donating their old appliances to be recycled or reused. 8. Insulation is Key: Insulating cold-water pipes will prevent them from dripping condensation, and insulating hot-water pipes will prevent costly heat loss and save on energy bill. ]]> here. Summer BBQ on the beach Don’t miss the best party in town on the beach. Somewhere Cafe and Lounge is celebrating summer at its Ultimate Beach Party on Sunday, July 18. Relax all day long on the beach in front of the Coral Gardens Resort on famous Grace Bay beach. The party will feature all the favorites you’re used to from Somewhere, including good music, great food and a relaxing atmosphere right on the beach. The party will start off relaxed with soft rock by Sally Greenwood in the morning. Afternoons will be filled with the upbeat sounds of Dallas and Nino, a live DJ and percussionist blend, a mixture of reggae and chilled out house music. As the sun sets on the beach, Stanley “Rhasta” Roots will keep things grooving with his reggae and R&B beats. Of course a beach party would not be complete without a barbecue. Next to the usual mouth watering Mexican dishes, BBQ hamburgers and hot dogs will also be on the menu alongside drink specials. Rotary Foundation Scramble - Provo Golf Club With a shotgun start at 1:30 p.m., the Provo Golf Club will play host to the Rotary Foundation Scramble. The tournament which will help raise funds for the Rotary Club of Providenciales community fund, will take place on July 25. The amateur friendly tournament will be played in a scramble format with the highlight of a $50,000 hole in one contest. Sign up at the golf course or contact Lester Foreman ( lester.forman@gmail.com ) or 331-6300. There are plenty of things to do in July in the Turks and Caicos Islands.... Reprinted article from TCIEnews, courtesy of Coldwell Banker Real Estate Turks and Caicos. ]]> This article is a re-print from the Free Press Newspaper, June 30, 2010. ]]> real estate agent is aware of any upgrades and changes to the home that would add value - a new roof, addition to the home, double glazed windows, upgraded wiring, new appliances, plus any energy efficient changes. How is the title - is it clear? Do you have mortgages or assignment of rents, liens, easements, strata or homeowner restrictions registered? Can they be cleared easily at closing? Is there anything registered on title that would deter a potential buyer or stall a closing? Most agents and brokers will ask you to sign a disclosure form and listing agreement plus provide documents such as occupancy certificate and a copy of the title. Discuss with your agent how and when any open houses are to be held, establish showing times that are convenient for you and your family, as well as mention how much notice will be required to present the home to potential buyers. What is the motivation to sell your home – a corporate transfer, move from the area or island, the home is too large or small for your current needs, retirement or a change in lifestyle? Have you already purchased another home and is there a possibility that you will be moving prior to selling this one? Pricing your home correctly in any market will make a difference in how long it takes to sell. Make sure your real estate agent has provided you with all the relevant SOLD information, details, stats and comparables in your market. Ask questions about recent properties that have sold in your area. Compare the property to your home and consider that owners motivation as well as the market conditions at the time of the sale. Establish realistic pricing and imagine you are a buyer looking at homes in your neighborhood or area; would you buy your home? Ensure you fully understand the terms contained in the listing agreement and how your agent plans to market and sell your home. What does your agent offer that will reach clients looking for homes in your area and price range, attract attention and create excitement so they view your home. Establish how often you should expect to hear from them and the method of communication to be used. Discussing these things up-front will ease the selling process and hopefully address all concerns and questions before your home is on the market. Remember, you only need to find one buyer for your house. Make sure your agent is informed about your home and property so they can represent you and the property well - taking the offer all the way to the closing table. Coldwell Banker Real Estate Turks & Caicos, www.coldwellbankertci.com ]]> Privacy - the number one reason for booking a vacation home. Most homes for short term rental are on properties of ½ an acre to 1.5 acres. Many vacation homes have a private gated entrance and the home is set on the beach, canal or oceanfront allowing for additional privacy from the street and neighbors. Vacation homes do not have people occupying the rooms above, below or beside you. Your patio or deck is your own, so are the pool and other parts of the property in addition to the house itself. Amenities – the property is yours for the length of your stay, your own pool or dock, tennis court, yard, garage or parking area, hot tub, games room or pool cabana, even outdoor showers....the perks are endless – ask about all the extras the home has to offer. Have the comfort of knowing poolside lounge chairs are yours to use all day and night. Most homes for rent are located in the more expensive neighborhoods on the island and therefore feature more bells and whistles. Space – hotel rooms are typically 400 – 1100 sq feet in size. This is often the size of the living and dining areas in most single family homes. Vacation homes in the Turks and Caicos average approximately 2100 sq feet and most offer 3 bedrooms and 3 bathrooms. Indoor and outdoor living areas, dining areas and often outdoor BBQ grill areas are the norm and there for your enjoyment. Cost - Per night rates when booking a 2 or 3 bedroom vacation home for a 7 night stay often compare to that of a luxury beachfront one bedroom suite in a hotel. With 3 bedrooms most vacation homes will be able to accommodate 6 people (if you wish), no more sleeping on the pullout sofa in the living room. Many homes are also pet friendly; ask about policies and pet safety prior to booking. In the Turks and Caicos Islands the current tax added to the booking rate for a Vacation Home is 11%, the total hotel tax rate is 21%. Comfort, location, privacy and cost. Do your research in advance, use a trusted website and book with a known rental company or real estate property management firm on the island. No one knows a home better than the owner or property manager, so feel free to ask questions about the layout, bed configuration and details about the home. Request additional photographs and a map of the area or island to get a feel for the location and distance to other attractions. Most of all, have fun, relax, unwind and enjoy your well deserved vacation in the Turks and Caicos Islands. Visit any of our websites to learn more about booking a vacation rental home in the TCI: Our website Our blog Our rental page We hope to hear from you soon……Coldwell Banker Real Estate Turks and Caicos www.coldwellbankertci.com ]]> Coldwell Banker Real Estate LLC officially launched the new version of its website www.coldwellbanker.com, which has been in beta form since December 2009. Wholly re-thought and re-designed, the site features optimizations that completely alter and enhance the experience of searching for a home online. Michael Fischer, Chief Marketing Officer for Coldwell Banker Real Estate LLC said, "The Internet is often the first stop for potential home buyers and sellers, so it is our goal to make the online home-searching process as enjoyable and efficient as possible. For the new site we looked at search functionality across various websites including retail and music and continuously asked ourselves, 'Why not in Real Estate?' As a result, we have created exciting new ways to search for homes and real estate agents." The site includes several new features such as: BlueScape Search - a visually driven real estate search platform to help "dreamers" find just that, the home of their dreams. Search options are no longer limited to number of bedrooms and bathrooms, or zip codes, landscape scenery images are shown instead. BlueScape search was recently named as a finalist in the Inman News Innovator Award, Web Services Category. Enhanced keyword capabilities have been added to the general real estate search functions, viewers can easily narrow down the properties that interest them. Broad terms (ie. modern or colonial) can be entered to more specific and standard search keywords such as "pool", "dock" or "boat slip". A new "You May Also Like" feature has been added which offers additional homes that may be of interest to the users, the results are based on a range of characteristics from properties that consumers select under "preferred". The Coldwell Banker On Location YouTube Channel, which has featured more than 13,000 videos posted by its real estate agents and 1.3 million video views in just over a one year period, integrates video into the real estate search. The Beta site was launched and tested and users were asked to provide feedback and comments. Coldwell Banker continued making improvements to the test site until it was optimized to its greatest potential. Development of the site was a collaborative effort by Coldwell Banker interactive agency partners, FD Kinesis and Bootstrap Software, Inc. Visit the Coldwell Banker Real Estate Website and let us know what you think www.coldwellbanker.com - our email is reception@coldwellbankertci.com, we'd like to hear from you. This article is provided by Coldwell Banker Real Estate Turks & Caicos, official Press Release issued by Coldwell Banker June 23, 2010. Coldwell Banker - We Never Stop Moving......]]> Turks and Caicos Islands home would be to have something that similar properties for sale do not offer. Why not create an outdoor living space? After all, purchasers look for the extras that make a home stand out from the rest. The outdoors is the most versatile part of your property and for a relatively small investment can add a certain touch that may attract more calls on your listing, bring an offer sooner or even sell your home. Outdoor living spaces come in all shapes and sizes. The bells and whistles to accessorize and decorate are endless and the style, look and feel of this space adds a personal touch and feel to the property. First, consider the area and size of your outdoor living space and then decide on a budget, you are now on your way to designing your own garden get-a-way. Flagstone paths are an easy way to cover spotty areas where grass is worn or patchy. Loose gravel and flat stones make great pathways that lead you from your home to this comfortable outdoor seating area. Staged wooden planters or large container pots with planted shrubs and trees fill large open spaces, provide privacy and act as a sound buffer. Wooden benches, concrete seating, or tables and chairs provide the basics and a starting place when first arranging the area to establishing size and style. Some additions to the basics would be an outdoor fire-pit, bbq area, outdoor garden shower, hammock or outdoor bar. Flooring could be a wooden deck, concrete slab, large paving stones, gravel or even grass. Sides and roofing can also be added – trellis framing for the sides or roof, tiki-hut style grass roof, canopy or tents, and umbrellas may be something to consider as they provide shade during the daytime. Weather resistant fabric or mosquito netting can be draped over the roof areas, down one or more sides, to the ground to enclose the area adding texture and color and to soften the hardscape. Waterproof and weather-resistant fabrics are usually necessary for seating cushions, sofas, chairs, chaise lounges, throw pillows, rugs and draperies. Hanging baskets of flowers, birdhouses, lanterns on free standing hooks or hung from tree limbs, and inexpensive solar garden lights add a personal touch to the space. Hang a mirror to add a bit of glamour, decorate the tables with candles, shells from the beach and other items from the beach or your home. Make it as simple, or as elegant as you wish. Outdoor living spaces in the Turks and Caicos Islands, your home away from home. www.coldwellbankertci.com ]]> Grace Bay Beach, shopping and restaurants. Interior features include 9 ft ceilings, hurricane resistant shutters or hurricane resistant glass, porcelain tile flooring, crown molding, maple cabinets, GE and Kohler brand appliances, granite countertops throughout, efficient tankless water heater, very generous closet and storage space. Large master suite with 2 walk-in closets, master bath has separate walk in shower and luxurious soaking tub. Walk-in closet in guest bedroom; home features 2 linen closets, has a security system, screened porch with bead-board ceiling. Furniture and Housewares included, plenty of parking for each home. This suite is an interior residence. Grace Bay Townhome B3, Turks and Caicos Islands. For more listing information on this Grace Bay Townhouse visit this link. Coldwell Banker Real Estate Turks and Caicos www.coldwellbankertci.com]]> Coldwell Banker Isla del Coqui is one of the largest and most successful real estate companies in the Commonwealth of Puerto Rico. Coldwell Banker Isla de Coqui has had a terrific track record for over 20 years and has been the top producing brokerage in their marketplace, with 7 offices and approximately 226 sales associates. Coldwell Banker Island Affiliates Managing Director Jim Reed said, "With the addition of Puerto Rico to our region, Coldwell Banker Island Affiliates now boasts 51 offices and over 500 sales associates throughout the Island countries of the Atlantic & Caribbean. We are excited about the growth and the potential synergies that Coldwell Banker Isla de Coqui brings to our group. We are proud to welcome Puerto Rico to Coldwell Banker Island Affiliates." Coldwell Banker Island Affiliates is the Coldwell Banker Master Franchisor for the Caribbean and Atlantic Island region. For further information on Coldwell Banker Island Affiliates, please contact the Managing Director, Mr. Jim Reed, at (561) 691-8130 or email jireed@mindspring.com. About Coldwell Banker® Since 1906, the Coldwell Banker® organization has been a premier full-service real estate provider. In 2009, Franchise Times magazine’s prestigious Top 200 issue ranked the Coldwell Banker system number one in real estate for the ninth straight year and number eight among all franchisors. The Coldwell Banker System has approximately 3,200 residential real estate offices and more than 110,000 sales associates in 41 countries and territories around the world. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury properties through its Coldwell Banker Previews International® division. It is a pioneer in consumer services with its Coldwell Banker Concierge® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Real Estate Corporation is a subsidiary of Realogy Corporation, the world’s largest real estate franchisor. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate Corporation. Each office is independently owned and operated.]]> Coldwell Banker Real Estate Turks and Caicos is pleased to announce a new residential lot for sale located in the Long Bay Development for $140,000 US. With panoramic and ocean views, this large residential building lot features 148 feet of frontage, is located only one block from Long Bay Beach Drive, is .988 of an acre and has two easements on 2 sides of the property (beach access). Now with the paved Long Bay Highway, reduced stamp duty and favorable market conditions there has never been a better time to invest. For more information please visit our new listing here. MLS #1014289, TCREA Member ]]> www.coldwellbankertci.com. MLS 1014278 TCREA Member]]> We are pleased to announce that one of our Coldwell Banker agents represented the seller for the first recorded closed sale in the Turks & Caicos for 2010. The Royal West Indies Resort beachfront suite sold with a record setting price per square ft of $856. The agent writes, "I was looking forward to seeing a time when buyers returned to purchase lifestyle investments. Well it seems I didn’t have to wait long! If the very first deal of the year is any gauge, we are in for some great times in TCI. "[With this sale] I’m reminded that investors buy for all sorts of reasons – the best reason is to make themselves and their families happy….and TCI offers a great environment for the lifestyle asset buyer. "Experienced real estate investors know that the best way to view property is over the medium to long term. So, as soon as the momentum builds, we are likely to see sales activity return to a buoyant level - a level more in line with the fantastic real estate product on offer here." Congratulations to our Coldwell Banker agent, Nathan G. Smith. He, and all of our experienced, friendly agents are ready to help you find or sell a Turks and Caicos property.]]> www.cnn.com.]]> Leeward development in the Turks & Caicos Islands. For the first time several key properties in this exclusive neighborhood, located at the northeastern tip of Provo, are now available for sale. A residential neighborhood that is called home for many of the islands full-time residents, several popular vacation beachfront properties as well as condo owners at the new Leeward Marina Resort - this development has always been considered one of the premier areas in the TCI. Close to the Provo Golf Club and the hotel and resort area of Grace Bay Beach, Leeward features some of the most expensive beachfront estates and villas plus canalfront homes in Provo. For a list of current properties available for sale and recent sales in the development we welcome you to contact us at reception@coldwellbankertci.com to obtain further information.]]> Red Cross' Second Annual Red & White Party will be held tomorrow Friday May 14th, from 7pm at The Somerset Resort on Grace Bay Beach. With plenty of entertainment in store, live music from dueling DJ's, a fashion show, silent auction, the Junkanoo band and lots of amazing food and drinks at an incredible price (nothing above $10). Come out and support the Red Cross tomorrow night at The Somerset Resort on Grace Bay Beach for the Second Annual Red and White Party. For tickets and information please contact the TCI Red Cross at 941-8056. ]]> www.coldwellbankertci.com. Our Agent page will put you in touch with one of our very experienced Sales Associates. The Agents at the Coldwell Banker Turks & Caicos office in Grace Bay Providenciales closed 4 sales in the last few weeks. We welcome your questions and look forward to speaking with you about the market in Providenciales as well as all the outer islands. If you are just beginning your search for real estate, or ready to make a purchase, ask to be put on our email list to ensure you are kept up to date with the changing conditions in the TCI.]]> Hyatt and Cloisters Group Turks and Caicos Islands. Article provided courtesy of Coldwell Banker Real Estate Turks and Caicos, www.coldwellbankertci.com ]]> This homesite is on Providenciales, lot size 0.35 ac. Ideal investment property for constructing an apartment complex. Owner has commenced building on the property and has the plans. Asking $96,500. Visit our Coldwell Banker Listing page for contact details.]]> www.nhc.noaa.gov Information provided courtesy of Coldwell Banker Real Estate Turks & Caicos www.coldwellbankertci.com. ]]> www.amanyara.com For vacation villa bookings during this event please contact us through our website at www.coldwellbankertci.com.]]> With about 50ft elevation and white sand beach below this is one of a handful of lots which offer privacy and beach access. The protective building covenant does not require you to build, so its an excellent opportunity to secure now at a very competitive price. Lot size 1.0, asking price $595,000. Visit our Coldwell Banker listing page for more photos and contact information.]]> Tax-news.com)]]> Queen Angel Resort has been built on one of the highest hilltops in Providenciales and overlooks the pretty Turtle Cove Marina, Grace Bay Beach and Smith's Reef. One of the few resorts that offers a panoramic ocean view of the ocean and marina and the luxury yachts, fishing and diving boats arriving at the islands Northshore cove. Turtle Cove Marina is home to many of Provo's restaurants and bars, Bacci Restaurant, Tiki Hut Bar and Grill, Sharkbite Bar and Grill, and several others. With a small shopping plaza located near the Bacci Restaurant area featuring a surf shop, video store, and Tropical Latitude - the furniture and gift boutique, this area is perfect for a walk along the water to view the boats and activites in Turtle Cove. Smith's Reef and Grace Bay Beach are located just over the canal bridge, past the Yacht Club, and a two minute walk. As one of the best locations in the Turks and Caicos to snorkel and swim near the reef, remember to take your underwater camera as there is plenty of activity in the water with turtles, fish and colorful coral to photograph. The Queen Angel Resort is a hotel-condo development and features two swimming pools, Jacuzzi and waterfall, on site restaurant, plenty of parking, lush tropical landscaping and a great location near the water. Many of the suites at this resort are rented to long term residents in the TCI at current market rates. In addition to the monthly rent most long-term tenants pay the utilities that are associated with the operation of the rented unit, this includes air conditioning, water, cable tv and telephone. This type of rental provides income to the owners and covers some of the operating costs of ownership. In addition to the long term rental program owners may decide to participate in the short term rental pool, this program is managed by the Strata Association and an on-site Property Manager at the resort. This option allows owners to block off time when they would like to occupy their condo while on vacation and rent it when they are not in residence. The income generated from short term rentals assists in offsetting the expenses associated with the suite. Current ownership opportunities at the Queen Angel Resort in Turtle Cove begin at approximately $185,000 US. For more information on current listings at this hillside resort with a view contact us at www.coldwellbankertci.com. Financial statements and current operating statements for each suite are available upon request. Please keep in mind that many of the suites are currently rented to guests and showings may require 24 hours notice. We welcome any question you may have on the Queen Angel Resort in Turtle Cove, Providenciales, Turks & Caicos Islands. The Queen Angel Resort - a perfect entry point for ownership in the Turks & Caicos Islands.]]> Discover TCI for information. ]]> Expedia® travelers have ranked the 21-suite Turks and Caicos Club on Grace Bay Beach, Providenciales, among the world’s best hotels on this year’s Expedia Insiders’ Select™ list. Selection criteria is based on consistent, excellent service, a great overall experience, and notable value. The Expedia Insiders’ Select™ list is based on more than one million Traveler Opinions and hotel reviews collected by Expedia, combined with a value rating and the local market expertise of more than 400 Expedia employees in local markets worldwide. The list showcases the diverse selection of travel destinations and hotel properties. The Turks & Caicos Club is a full service 21-suite Caribbean colonial-designed hotel located on a quiet stretch of Grace Bay Beach next to the island’s best snorkeling reef. The hotel offers 1 and 2 bedroom oceanfront and poolside suites with four poster beds, gourmet kitchens and private balconies. Enjoy the Simba Restaurant & Bar, complimentary water sports, wi-fi, daily American breakfast, spa services, diving, golfing and snorkeling excursions. The hotel has been named as one of Travel + Leisure’s 50 Most Romantic Retreats and is recommended by the international luxury hotel guidebooks, Condé Nast Johansens. Visit Turks and Caicos Club online for information.]]> Jamaica Observer, "The Ministry of Border Control today announced the tripling of the maximum period that business people and tourists can spend in this British Overseas Territory without seeking an extension of stay. "This means that effective May 1, visitors can now spend three months in the Turks and Caicos Islands (TCI) before applying to stay here longer. Immigration Officers can grant entry to a visitor to enter and remain for a period not exceeding 90 days now, instead of 30. Clara Gardiner, the permanent secretary at the Ministry of Border Control and Labour said the move displays that the TCI is open for business and investment. "As we look to bring on economic recovery, it's key that we make it clear that TCI welcomes genuine visitors and investors to the islands. Our new 90-day policy is intended to reflect that,” she said.]]> Caribbean Property Magazine's April issue ran an excellent article on "15 CRITICAL QUESTIONS TO ASK WHEN BUYING OVERSEAS REAL ESTATE" which we summarize here. If you are considering a purchase outside your country of residence, read the entire article (click on the link) and it should help you avoid mistakes, or at the least, suggest research you need to do before you buy. If you have found a property to interest you - whether condo, house, land for development, investment - look at the big picture and try to isolate yourself from your enthusiasm about the view, or price, or location. The country of your choice may be paradise, but it is still a foreign country. 1. Country Access - is there year 'round access to the area and how long will it take from the airport 2. Building Requirements - are there some, and if not, are there standards in place or deed restrictions 3. Sewage - is there a central sewer system, and if not, and you need to install a septic tank, require a "perk test" 4. HOA - is there a Homeowner's Association, what are the fees (they will only go up), how financially stable is the association, and how much deferred maintenance is shown 5. Greenbelts - are there common areas, open space areas, a master plan - check the developer's plans and programs for working with the community on a shared future 6. Amenities - what are they, what do they cost, what are the long-term maintenance requirements 7. Title - what type of guarantee of title will you receive, what language will be included for coastal laws and changing shoreline 8. Telecommunications - is there state-of-the-art telecommunication equipment in place or planned - check phone service, bandwidth, and service providers 9. Water and water pressure - is there enough fresh water and water pressure, does it plan for future growth, how will the growth be paid for - check pressure in any structure by turning on all the faucets and flushing at the same time 10. Hot water - check for hot water plumbing, and if building a new home, double check that hot water will be included 11. Infrastructure - does this include fiber optic, underground electricity, paved streets, sidewalks, storm drains, high-speed internet access - don't take any of this for granted, and make sure the development has planned for these services or find out how the homeowner will be assessed 12. Assume nothing - you probably will be an off-site owner while your new home is built - who will oversee construction, what avenues of communication will you use, check references of the developer and builder - make sure you verify the plans for proper wiring, air conditioning, dryer vents, etc. - take nothing for granted 13. Development Company - check their financial condition and references - realize financing is unusual so the developer may provide buyer financing - how will this affect their balance sheet 14. Safety and security - if you want 24/7 security, double check it will be part of the property maintenance and cost 15. Health care - Most major Latin American cities have state-of-the-art medical facilities, but if you purchase outside these, it may be a distance to good health care As the author concludes, "Much of the world outside North America and Europe is the land of 'Buyer Beware.' Be sure you know the answers to these important questions and make a conscious decision about what levels of creature comforts are mandatory and which may be optional for you...An educated buyer is a happy owner. There are items you may take for granted that will not be the standards in other countries." Contact your local Coldwell Banker office for help with your research and investigation into answering these questions. All of our agents are knowledgeable about their local areas and laws.]]> Associated Press reports that "Countries in the Caribbean have agreed to bar the dumping of all garbage at sea, ending rules that allow the disposal of metal, glass and other refuse a short distance from shore and almost any trash farther out. "The nations adopted the new requirement under the U.N.'s International Maritime Organization and it will take effect in May 2011, IMO consultant Jeff Ramos said Wednesday. Ocean garbage endangers marine life, water quality, and local economies, just to name a few bad effects. "The United Nations created the ban to protect areas that are vulnerable because of heavy ship traffic or sensitive ecology. It has already taken effect in the Antarctic, the Baltic Sea, the North Sea, the Persian Gulf and the Mediterranean. "'It's a big deal,' said Ramos, a U.S. Coast Guard commander based on the Dutch island of Curacao near Venezuela. 'Especially in the Caribbean, with all the tankers and the traffic going to the Panama Canal, it will make a big impact.' "The U.N. outlawed dumping in 1993 for the Caribbean, but it could not take effect until the region's nations reported their capacity for receiving trash from ships. After a lengthy U.N. awareness campaign, member countries gave notice last month that enough receptacles were in place. "The new ban will outlaw discharging of any solid waste at any distance except for food, which could still be dumped 3 miles from shore. It will be up to individual countries to check ships' logs and verify compliance." Ocean garbage endangers marine life, water quality, and the economies of the islands.]]> Pumpkin Bluff is a Featured Development of our Coldwell Banker Turks and Caicos office. Here's some information to help your research, as you consider investing in our island paradise. Pumpkin Bluff is located on the Northern tip of North Caicos island. The property is being developed by the Piergiovanni and Gillette families, who also produced the highly successfull North Caicos Development "Sand Castle Estates." The location was selected for development after walking miles of beachfront in North Caicos. The white sand, beautiful clear water, and absolutely breathtaking views resonate with thoughts of paradise. Here, the offshore reef provides calm waters on the beach and some of the best diving, snorkeling, and bonefishing in the world. We've snorkled right off our beach where tropical fish, lobsters, and conch abound. There is also world class marlin fishing only five minutes from the beach. The average annual temperature ranges between 75 and 85 degrees, occasionally going into the 90's in the late summer months. Mild and refreshing trade winds are the norm. North Caicos is a virtual oasis of social and economic benefits. English is the primary language, and the U.S. dollar is the standard currancy. There is no taxation on income, inheritance, or capital gains. There are also no restrictions on property ownership, and the British government guarantees title. In addition to all of these obvious benefits, crime is all but non-existant in North Caicos. The island paradise appeal of North Caicos is complimented by every modern convenience. Rental services are readily available for automobiles, motorcycles, scooters, bicycles, boats and water sports equipment of nearly any kind. Taxi and tour services are also available for those seeking to relax and enjoy a tailored experience. Direct worldwide telephone, fax, cellular and internat access are available throughout the Turks and Caicos Islands. Three regular, daily flights to Miami, FL. (about 80 min.) make it easy to keep your right foot in the fast lane. The closest settlement to Pumpkin Bluff is the town of Whitby, consisting of everal small hotels, restaurants, and a beautiful stretch of beach. The Pelican Beach Hotel in Whitby is a wonderful place to stay, as is Prospect of Whitby, a quiant, all inclusive resort. Here, photographers and nature lovers alike will marvel at the hundreds of West Indian Flamingos at Flamingo Pond. Contact our Coldwell Banker office for more information on how you can enjoy ownership in Pumpkin Bluff on North Caicos. ]]> EXTRA has announced the launch of their newsletter system, and to get it started, is offering a luxury vacation at the Veranda Resort on Providenciales, in Turks and Caicos. You and a guest will live like stars as you enjoy a full-service stay, including concierge services to meet all your needs, three swimming pools, immaculate accommodations with beautifully appointed kitchens, stunning views of the sunset and lots of island activities like horseback riding, tennis, and golf. One lucky winner will win an all-inclusive, four-day/three-night stay for two adults in a Garden View Studio at The Veranda Resort. In order to be entered to win, complete our new newsletter step-by-step questionnaire and follow the link on the Extra site. ]]> On Location, the brand’s YouTube channel focused on listing, community and agent profile videos, continues to redefine the use of video in real estate. Just 11 months after launching in May 2009, Coldwell Banker On Location has drawn 1 million channel views. Since Coldwell Banker Real Estate launched their brand channel on YouTube to debut Coldwell Banker On Location, the site has more videos on its YouTube site than any other real estate brand. “We believe that video plays a major role in the home buying and selling process,” said Michael Fischer, senior vice president, Marketing, for Coldwell Banker Real Estate LLC. “There is no other medium that can showcase the personality of a home and agent more effectively than video. And our agents, from all corners of the world, have responded by posting more than 11,000 videos to date. Clearly, Coldwell Banker On Location has set a high bar for video use in our industry, but more importantly home sellers are starting to expect video as a part of the marketing portfolio of a home...Video is now a mainstay in real estate and consumers are proving this to be true.” Take a look at our Curacao site - On Location is available, and stay tuned for videos to be uploaded by our agents. http://www.youtube.com/coldwellbankercur]]> The Villa Lynda vacation rental in Chalk Sound, on Providenciales, of the Turks and Caicos Islands, is a gorgeous location for your 2010 vacation. This newly constructed ocean and beachfront 4 bedroom/4 bath home has views of the water from every room. Enjoy the gourmet kitchen with breakfast bar, exquisite interior furnishings and home details, and relax by the pool. If you have to stay connected, there is free internet, large screen TVs, and internet phone lines. Villa Lynda is a wonderful high-end vacation rental property in Turks & Caicos Islands. Read rates and request more information on our Coldwell Banker Vacation Rentals page.]]> Turks & Caicos Islands. Twelve Palms is located on Ocean Point on Providenciales. The home sleeps eight, perfect for groups or family getaways. Each of Twelve Palms’ four bedrooms has its own full-sized bathroom. Additionally, the home has a large infinity pool and Jacuzzi overlooking the ocean, private tennis courts across the street, an outdoor tiki hut and ocean swim deck. Villa Lynda is located in the private Chalk Sound area on Providenciales, and features four master bedrooms, each with its own bathroom and incredible view. A large infinity pool and Jacuzzi overlook the ocean. Villa Lynda also has its own private beach as well as a separate ocean swim deck. Villa Osprey sleeps six in its three en-suite bedrooms, each of which is fully equipped with a television and your own personal terrace overlooking the ocean infinity pool or Jacuzzi. Villa Osprey also has its own oceanfront dock, built right into the coastal rock. Tune in to find out which home and ownership the couple selects. To view details about the segment please visit: http://www.hgtv.com/house-hunters-international/arizona-couple-seek-a-vacation-home-on-the-turks-and-caicos-islands/index.html.]]> RealEstateChannel.com)]]> www.turksandcaicostourism.com Here are the nominations specifically for Turks and Caicos businesses: Leading Boutique Hotel: Amanyara Le Vele Parrot Cay Point Grace The Meridian Club The Somerset Turks & Caicos Club Leading Hotel: Beaches Turks & Caicos Resort Villages & Spa Grace Bay Club Parrot Cay Point Grace The Regent Palms The Somerset on Grace Bay The Windmills Plantation Leadng Resort: Amanyara Beaches Turks & Caicos Resort & Spa Club Med Turkoise Grace Bay Club Parrot Cay The Regent Palms The Somerset Leading Spa Resort: Beaches Turks & Caicos Resort & Spa Grace Bay Club Parrot Cay Point Grace The Regent Palms Winning one of these awards will have a steady and significant long-term impact on the business. Congratulations to all of you.]]> HotelsMag.com. ]]> Beachfront land for sale on Providenciales. We have two lots available, the one shown for $599,000 for 0.83 acres, and another for 0.91 acres at $525,000. Within Seaside Estates, with paved roads and under ground utilities, you'll find choice beachfront lots. There is a protective convenant and this estate is well positioned near proposed resort development in North Caicos. Cheapest lots on the market in this location. Visit our Coldwell Banker Listing page for more photos and information.]]> Located only 80 minutes by air from Miami, The Sands at Grace Bay feels like a world away. The perfect beach, spectacular views, spacious and beautifully appointed suites, The Sands at Grace Bay is the quintessential combination of seclusion and sophistication. Within a Caribbean Plantation-style setting, The Sands at Grace Bay comprises 118 suites in six, three-story buildings embraced by lush tropical landscaping. The location of our resort is spectacular - on the shore of the famous Grace Bay Beach with more than 12 miles of white power sand and dazzling transparent turquoise waters. In addition to providing a vacation home on one of the world's most desirable beaches, savvy investors will appreciate the revenue generated through our resort rental program. Enjoy a Caribbean getaway with your children, grandchildren or friends in a safe and friendly environment without sacrificing your long-term financial goals. Find out more on our Sands at Grace Bay Coldwell Banker information page. ]]> Bill Mackay on Official Wire recently wrote on the possibilities of finding "budget" investments in the Caribbean. He suggests the Dominican Republic, Bahamas, and Turks and Caicos. "In contrast to the Bahamas, Turks and Caicos is in the very early stages of development. The total population is around 36,000, and only eight of the 40 islands and cays are inhabited. A runway extension planned for Providentiales Airport will soon allow super-sized jets to land for the first time. One can invest now while prices are stabilized [in cases] at 20% down, and certainly make money in a few years if you sell. While there is good investment potential in Turks and Caicos, be sure to factor in all costs. The Global Property Guide online estimates you can rack up an average 19.15% of your property price just buying and selling in Turks and Caicos – in fees alone (agents, legal etc). Also check the cost of living on any island you’re considering, and research flight prices and regularity for the times of year you’d want to travel." Why are the Turks and Caicos Islands a good buy right now? Mackay explains, "The global recession struck at the height of a boom. Prices had been soaring since 2001, in tandem with the area’s cachet as an unspoilt hideaway and diver’s paradise. Residents – including Bruce Willis, Donna Karan and Keith Richards – benefit from no income tax, capital gains tax or inheritance tax – as in the Bahamas. In addition, there’s no property tax." The islands didn't feel the worst of the recession until 2009, when several developments opened. Sales have slowed or stopped, buyers can compare inventory and have negotiating power. In Providenciales, Mackay says, "Developers are offering bargains in the slow-down. The upscale beachfront Alexandra Resort on golden Grace Bay Beach, for example, is offering studio condos from US$197,000. Outside the resort developments on ‘Provo’, as it’s known, prices begin around US$350,000 for a two-bed family home. "Naturally the better deals lie on less developed islands, and some areas offer more favourable stamp duty. Look in Middle, North or South Caicos, Grand Turk or Salt Cay where stamp duty is 6%. Or there are developments in Providenciales, such as Highland Estates or Flamingo Park, where the developer rolls stamp duty into the costs with their all inclusive financing from Scotiabank." Our staff at Coldwell Banker can advise you on all the pros and cons of investing in Turks and Caicos, and is knowledgeable about all the developments. Give us a call. ]]> SunTCI.com. ]]> UNICEF Change for Good program. American Airlines, a large presence in the travel plans of visitors to the Caribbean islands, donated $1.2 Million for UNICEF in 2009. American Airlines has been participating in the program since 1994. Last year, travelers donated $1.2 million in U.S. and foreign currency, the most ever for American. The money is collected on select international flights and at Admirals Clubs and Flagship Lounges. Donations received in January and February are earmarked to provide assistance to Haitian children. "American Airlines and its participation in the Change for Good program is invaluable to the U.S. Fund for UNICEF for its ability to bring both funding and attention to UNICEF's work," said Caryl Stern, president and CEO of the U.S. Fund for UNICEF. "A little change goes a long way. We are so thankful for the generosity of American Airlines customers and the dedication of the committed American Airlines employee volunteers who choose to help improve children's lives," Stern said. Change for Good is an innovative partnership between UNICEF and the international airline industry. Established in 1987, it is one of UNICEF's best-known and longest-running partnerships. Currently more than 10 international airlines support the Change for Good program. Thanks to the generous support of customers and participating airlines, Change for Good has generated over $90 million that UNICEF has used to provide a healthier, happier future for millions of children. Send your unused foreign currency today to UNICEF. If you are unable to donate your foreign currency on an American Airlines flight or at an Admirals Club or Flagship Lounge, you can still support Change for Good by sending your gift to the following address: U.S. Fund for UNICEF ATTN: Change for Good Program 125 Maiden Lane New York, NY 10038]]> Ocean view lot for sale located 1 lot back from beautiful Bambara Beach in Middle Caicos. Just under 1/2 acre and a short 450' to the beach. Quiet and peaceful Middle Caicos now joined by a new causeway to North Caicos. Asking $79,000. Visit our Coldwell Banker Listing page for details and more photos.]]> Cheap Flights Canada is offering great deals to Turks and Caicos. As reported by Search.Sys-Con.com, "These laid back islands just south of the Bahamas are far away from the Hollywood scene, which may be why it's a favourite for celebs travelling with their families. Parents who have gotten a little R&R on the Turks & Caicos include: Shaquille O'Neal, Jennie Garth & Peter Facinelli, Jenna Elfman, Debi Mazar, Joey Fatone and Vanna White. Romance is also in the air here, which is why both Ben Affleck and Jennifer Garner and Jerry and Jessica Seinfeld honeymooned at Parrot Cay where Bruce Willis is rumoured to own a villa. "The casual atmosphere means a chance to see celebs up close and personal. Just remember they are on vacation too. Give winter the day off and relax in the sun like the stars do. Fly from Toronto for under C$500. Search and compare cheap flights to Turks and Caicos Islands for more fantastic offers." ]]> The picture says it all. Wake up to the waves and the view from this beachfront acre lot on Providenciales, asking $700,000. This lot is just a few doors down from multi-million dollar homes, and the best features of this area are the spectular white sand and clear water. A protective building covenant is in place allowing you to choose to build when you`re ready. Visit our Coldwell Banker listing page for details.]]> SunTCI.com.]]> A frail flamingo was captured last year with signs of a deadly avian disease. Avian botulism – which causes paralysis and often death in birds – could potentially wipe out the islands’ much loved water-based wildlife. Herons, pelicans, flamingos and terns are among the species at risk from the fatal illness. The public is asked to look out for sick birds and notify the DECR of any sightings of seemingly sick birds or abnormal behaviour from water birds. Scientists have confirmed that the TCI’s wetlands could easily support the growth of the avian botulism, but apart from the solitary flamingo they have not yet found any clear signs of sickness among local birds. Despite the apparent absence of the disease the DECR continues to be cautious, and members are currently undertaking a number of precautions to decrease the likelihood of outbreaks. Among these safety measures are the prompt removal of dead animals from wetlands, reduction of decaying matter in the areas and the prevention of sharp water draw downs that could kill fish and aquatic invertebrates. All these actions could help to decrease the build-up of toxin-laden maggots and rapid growth of botulism spores. In the Turks and Caicos Islands, there are many water birds that are at risk from the disease including the Greater Flamingo, Brown Pelican, Tricolored Heron, Reddish Egret, West Indian Whistling-Duck, Clapper Rail, Sora, Least Grebes and the Moorhen. To contact the DECR call 941-5122 (Providenciales), 946-2801 (Grand Turk) or 946-3709 (South Caicos). ]]> Get the information you need What price do you offer a seller? Is the seller’s asking price too high? Is it a deal? Your own research is important, as is the assistance of a Realtor. A professional Coldwell Banker Realtor can offer an unbiased opinion on the value of a home, based on many factors and a great deal of information. Without knowledge of the market, your offer could be too much. Or worse, you could miss out on a great buying opportunity. Hire the right person and trust that person to represent your interests. Buy YOUR home What do you need and want in a home? Sounds simple, but clearly identifying your needs and bringing an objective view to home shopping leaves you in a much better position. How much space do you really need? Too small and you may feel like you live in constant clutter. Too big and maintenance may become too daunting. Outline all of your priorities, and work on finding not just a great home, but a great home for you. Check the title Before you sign any document, be sure the property you are considering is free of all encumbrances. As a part of his or her services, a Coldwell Banker Realtor can supply you with a copy of the title to ensure there are no liens, debts, undisclosed owners, leases or easements against the title. Update the survey Before the purchase is completed, an updated survey is essential. This report will indicate boundaries and structural changes (additions to the house, a new swimming pool, neighbor’s new fence which is extending a boundary line, etc.), and will guarantee that you are indeed getting what you pay for. Minimize the unexpected For $300 - $500, a professional inspector will conduct a thorough inspection of the home. His/her expertise can mean the difference between uncovering major flaws before or after you own a home. Make the final contract subject to the report’s findings. Get pre-approved It only takes a few days to get financing pre-approval. When you are shopping for a home, this gives you more power. A seller is more likely to consider an offer from a serious buyer. Remember additional costs Besides the funds for the purchase of a home, you’ll need funds for items such as loan fees, insurance, legal fees, surveys, inspections, etc. Take a deep breath Before you sign, ensure that all documentation clearly reflects your understanding and conditions of the transaction. Has anything been forgotten? Don’t rush. You could lose money, financing, or even the sale if you attempt to push things through too hastily. ]]> Canal lot measuring .67 of an acre is available for sale in Leeward. A big bonus is the beach access is just across the road giving a two-minute walk to the beach of Leeward Going Through. It is possible that Planning permission could be obtained for a town-home development or other low-impact commercial development. Asking $650,000. Visit our Coldwell Banker Listing page for details. ]]> This 3 bedroom condo is on the third floor in the west building in renowned Point Grace Resort, and is a corner suite features 2,612 square feet of luxury living. Enjoy the sunset from your west end vantage. Although this home has never been in the rental pool, with 3 well appointed bedrooms, each with their own bath, it could do very well as a rental at this luxury boutique hotel. Location: Grace Bay Beach, Providenciales, Asking $1,400,000. Visit our Coldwell Banker Listing page for photos and details. ]]> Housing in America: The Next Decade, a new research paper authored by John K. McIlwain, senior resident fellow, Urban Land Institute/J. Ronald Terwilliger Chair for Housing, emerging trends in demographics and consumer behavior will result in a residential market very different from that before the recession. The effects of widespread foreclosures and their drain on market values, and the loss and need to re-establish a private market residential finance system, will be felt more in the U.S. But shifts in housing demand triggered by baby boomers, their children, and by immigrant households will be felt offshore. Currently, there is an unprecedented number of foreclosures and short sales on the market, and more homeowers are choosing to walk away from the mortgage rather than sustain a large financial loss through a short sale. This suggests a fundamental change from the long-held notion of homeownership as the ultimate American Dream. McIlwain explains that this disillusionment over homeownership - as a way to build wealth - could persist for decades to come, as those entering the housing market will be more apt to rent longer, and to place more emphasis on buying for shelter rather than investment purposes. The shift away from using real estate as a means to build an investment portfolio could be felt throughout the region. The demographic waves identified by McIlwain include: 1. Aging Baby Boomers (55-64) will continue to work, many will stay in their homes until values recover, and those who can move or invest in a 2nd home will opt for mixed-age environments which offer active lifestyles. This group has lost a very large part of its wealth and ability to invest. 2. Younger Baby Boomers (46-54) also will not be able to sell their homes at what appreciation they intended, and may not move as quickly as in past years. Their ability to purchase 2nd homes will be greatly diminished because of flat incomes and less home equity. They also will be drawn to more compact communities that emphasize connectivity. 3. Generation Y, actually larger in number than the baby boomers, has grown up with computer technology. They value community, places - either virtual or actual - where they gather and share information. They are less interested in homeownership than previous generations, have smaller incomes, and want walkable, connected communities which are Green. 4. Immigrants (in the US), which already number over 40 million, will have a huge impact, especially when extended families are included - children, grandparents, grandchildren, etc. The tendency of immigrants to cluster, and to live in multi-generational households, suggests that they would prefer larger homes if they could afford them and in neighborhoods with a strong sense of community. Any investment in 2nd homes would mirror the "cluster" concept. All of these 4 groups share the desire to live and work in more pedestrian-friendly, transit-oriented, mixed-use environments. McIlwain concludes, “The suburban century is over. This is the urban century.” Many will still be able to afford vacation home whole ownership, or fractional ownership shares in vacation destinations, and investments in a property for future retirement. But the numbers of those buyers who will be from the US - according to this study - will dramatically decrease, and their interests in the types of properties considered, with what is left of their disposable income, will - or has already - definitely change. Read more on McIlwain's report at RisMedia, and visit the Urban Land Institute to learn about the global real estate community. ]]> When buying property in the Turks and Caicos Islands — be it a condominium or a house — prospective owners need to be aware of the insurance issues. Condos First of all, each condominium carries insurance on their properties. That insurance will not cover the contents of a property, which means owners will require separate contents insurance. However, should problems occur within structural or dividing walls, typically this is covered by the condo’s insurance policy. Landscaping is usually excluded from coverage. The condo (or “strata”) insurance will cover the common areas and buildings. The rates are based on “catastrophic” damages — based on a complete rebuild of the property — and cover perils like hurricanes and floods. Deductible As with insurance policies in the U.S., the higher the deductible, the lower your monthly premiums will be. However, the higher the deductible, the greater the amount of out-of-pocket expenses condo owners will be required to pay should any major damage occur due to hurricanes. Your lawyer may also want to know the type of insurer and what rating they enjoy. Hazard Insurance Should any injury befall a guest on property, it is important all parties are named in the policy. This includes the management company, the strata company and the unit owners. In this regard, owning the unit in a company name may possibly limit liability for unit owners. Hurricanes While we are fortunate to see few hurricanes hit our islands, it is important to consider hurricane insurance on your TCI home or villa. Some of the older homes here were built with timber. While these homes can be insured, the insurance will be higher than the more common concrete block constructed home, possibly by 20 percent. TCI building codes mirror Miami Dade standards. Location The topography of your lot and your neighbourhood will play a factor in your insurance premiums. For example, lower lying areas will be at greater risk of flood and hurricane damage, and consequently those homes will be more expensive to insure than property on elevated land. Because each condominium’s insurance policy is unique, buyers should have their lawyer inspect the policy. Ask any Coldwell Banker agent in our Turks and Caicos office if you need more information. ]]> On Thursday January 21, the Coldwell Banker Turks & Caicos staff donated some useful education tools and school supplies to the kindergarten class at Ianthe Pratt Primary in the Bight. Mrs. Jenniemae Forbes has been a teacher at this public school for many years and always has her students’ best interest at heart. She approached me late last summer requesting assistance with teaching supplies for her class. Taking into consideration the current economic situation in the public schools and the needs of the children beginning their education in the TCI I met with my colleagues at Coldwell Banker and asked them to help me help this class and purchase the needed items. The staff was delighted to help and items were purchased locally as well as sent in from Vancouver, Miami and Houston. The school year was delayed for these new students until early January. Once the new classroom trailers were installed on the grounds and this new class of eager 4 and 5 year olds were ready and in session, the staff at Coldwell Banker headed off to the school and presented Mrs. Forbes, Ianthe Pratt Principal Ms. Dara Thomas and the K2 students with the much-needed supplies. Special Thanks to my colleagues, Nathan Smith, Graham Canham, Linda Elrick, our General Manager Louise Peterson and our Directors. We encourage all businesses to participate and assist in donating supplies or volunteer their time at any of the schools in the TCI. All the best to the Kindergarten Teachers and Students!]]> Six Senses Resorts & Spas has agreed to establish its first Caribbean resort in Turks & Caicos, following the signing of an agreement with Salt Cay. The initial phase will include a Six Senses resort, residential villas, Six Senses Spa, and golf course. The proposed opening date is 2013. Initially, the resort project will comprise a total of 40 one-bedroom villa suites, two-bedroom villa suites and three-bedroom retreats, plus 13 four-bedroom residential villas. Architect plan for many of the villas to make dramatic use of the slope of the site, giving panoramic views. In addition to several dining alternatives, including an organic garden restaurant, there will be a jazz bar, an observatory, and Cinema Paradiso – classic movies in an open environment that has proved a winning double feature in many Six Senses properties. Leisure activities will focus on water activities, and include tennis and golf. Salt Cay is one of only 10 inhabited islands in a group of 40 islands and cays that make up the Turks and Caicos. The island has remained virtually unchanged from an era when the salt industry, dating back to the 17th century, dominated the economy for over 300 years. Covering just 6.5 square kilometres, or 2.5 square miles, Salt Cay is scattered with historical sites and ruins from the salt raking days; historians, photographers and tourists will enjoy exploring our islands. ]]> The Seven Stars Resort in Turks and Caicos is offering 40 percent off as part of a winter special. With the discount, rooms start at $390 a night through March 31. A three-night minimum stay is required. Also in March, the 125-room hotel is offering seven nights for the price of five. The March is Special package includes continental breakfast, and kids under 12 eat free. The deal is available the entire month of March. The resort recently opened the Deck, a bar complete with couches and daybeds, on the sands of Grace Bay beach. To reserve, call (866) 570-7777 or visit www.sevenstarsgracebay.com. ]]> The Somerset Resort on Grace Bay is now offering Mad About Lobsters, every Tuesday night. 649-946-5900 for reservations. In addition to the Somerset, chefs here are famous for their spiny lobster dishes—cooked in nearly every style imaginable. Lobster season, which runs from August 1 to March 31, is strictly enforced. We locals are serious about protecting this prized resource - it's on our flag. Another fun Grace Bay event this time of year is the Grace Bay Market, held the 2nd Saturday of every month. Local products and produce from the TCI are sold at vendor stands, and each month a portion of the proceeds is donated to a local charity. Held 10 am - 3pm at Graceway Gourmet in Grace Bay. If you are visiting our islands, be sure and enjoy these festivities, and stop by our Coldwell Banker office while you are here.]]> Odontosyllis enopla are a tourist attraction in Providenciales, as the glow worms put on quite a display during mating season. They gather on the tidal flats where the air is calm, and the green light they emit seems to be about the size of a pin head, and the flash is brief, lasting only about a second. The female, while swimming in circles just below the surface of the water, releases a luminescent egg mass. The male then responds by emitting short light pulses of his own, while doing a little nuptial dance until he encounters the eggs, and releases his gametes into the water. And voila, several eggs are fertilized! What visitors see are the flashing lights. Since the worms' spawning cycle is governed by lunar and solar patterns, what you see may vary depending on when you go. Displays are typically better in the summer and on the third and fourth nights after the full moon. As explained by Diane Slawych in Travel at the Toronto Sun, "The tours are popular, not only because the sight is an unusual one, but also because it's something that can't be seen every day. The sparkling mating ritual is at its height for only two to five days after a full moon, so visitors who happen to be on the island on these days feel privileged and compelled to take advantage of their good timing. The whole display starts about one hour after sunset and only lasts from 10 to 30 minutes." Come to Turks and Caicos and enjoy a glow-worm-watching cruise.]]> InsideSales.com said in a recent study a Realtor has 5 minutes to effectively call and find out how to serve an internet visitor when that query is received, the average number of hours it takes a Realtor to respond is 54 - 54 hours compared to 5 minutes! We at Coldwell Banker have a better system. It's called Lead Control. This is our promise to you, from Coldwell Banker Island Affiliates' (CBIA) Lead Control: "With CB LeadControl you will be able to instantly respond to the visitor from your iPhone or Blackberry, or pass him or her along to another agent at our firm." This is a system we at CBIA have created just for our clients, interested web visitors, referral customers - anyone who finds us online. Our agents can log on through any computer, update the status and activities of any customer, set up future contact times, and see instantly who to contact on any given day - or be reminded, if they have missed that call to action. Jambor writes, "That being said, what kind of a system would you need in order to immediately contact Internet visitors? It would have to have the following features: *Be Internet Based of Course *Send information to your Cell Phone *Send a copy of the information to your Email *Add the visitor to a mailing list so he/she will receive valuable information about your market areas *Schedule a follow up plan that alerts you via cell phone/email when you need to follow up again." At Coldwell Banker Turks and Caicos, we are committed to this new system and to contact you, our internet visitor or prospective client, within this timeframe. We know you want and expect a fast response to your inquiry. But we ask that you include a phone number if you do want a 5-minute call back. Real estate is not a 9 to 5 job, and we pledge a combination of calling, following up, and providing content of value. We want your feedback if you don't feel your needs have been addressed properly and quickly. We value your business and your referrals. Give us a try!]]> Jan 23rd at 7pm, at Beaches Resort, of Providenciales, sponsored by Pricewaterhousecooper, will be a charity horseracing night. Tickets are $1500 for a table of 10 or $150 each, which includes dinner, open bar, and entertainment. Call 332-0096. All proceeds will benefit the Turks & Caicos Aids Awareness Foundation. Beaches Turks & Caicos Resort & Spa embodies the very best of this exotic idyll offering you a prime spot on 12 miles of pristine, sugar-white sand beach and an endless vista of glorious turquoise water. Beaches of Turks and Caicos is a 45,000 square-foot, state-of-the-art waterpark; three magnificent villages, boasting the architecture and ambiance of Italy, France and the Caribbean; incredibly sumptuous hotel accommodations; a powder-white-sand, 12-mile beach lapped by clear turquoise waters; endless fun activities for everyone, from tots to tweens and teens, featuring Sesame Street® characters, the new Xbox 360® Game Garage and a sizzlin’ teen disco, Liquid at Beaches—all amidst some of the most gorgeous tropical scenery on the planet. Come visit, and come to Surf and Turf, to benefit a worthy cause on our islands.]]> The Provo Children's home is holding a fundraiser Silent Auction Jan 24, at Opus Restaurant from 6pm, Ocean Club Resorts sponsors and Rotary TCI. The mission of PCH is to provide a safe, secure, nurturing and loving home environment for children who are in need of care and protection. The home is a place where they can develop a sense of belonging and begin to repair the hurt and misfortune that has beset them. The home shall provide substitute family care for a child until such time as the family of the child is able to provide adequate care to meet his or her basic needs or arrangements made for his or her custody or other permanent placement. Importance is placed on the duplication of the positive aspects of a typical family environment as well as exposure to extraordinary experiences that enhance their growth and encourage healthy overall development. Academics, religion and discipline are areas of priority, along with instilling good morals and a sense of personal responsibility. Their vision is to be able to provide a warm and welcoming safe haven for any child in need. Where children will be able to be safe, grow and develop their potential as law abiding members of the community. Their aims are: ♥ Securing Basic Operating Funds: In order to help more children we need more assistance in covering our basic operational costs such as food, clothing and other household bills. We wish to provide the children with a well rounded social and academic education. Financial assistance and sponsorship with the costs of tutors, after school activities and other events and opportunities that arise within the community are required. ♥ Raising Community Awareness: Awareness about the home and the issues surrounding it, such as a foster care program, adoption program and raising awareness about child abuse. We are an important part of the community and we are contributing to helping shape the future of TCI. The Build Group is raising funds to construct a model children’s facility that will provide a true “home” environment with safety and security - a priority; room to grow and expand - a necessity; and where all who live there may enjoy a sense of belonging - a given. Visit the Donations page on their site to find what items they need. Email info@pch.tc for information on the auction and other fundraisers.]]> Veranda Resort & Residences on the island of Providenciales in Turks and Caicos is set to open February 1. The first managed resort by the Grace Bay Resort hotel company, the company behind the famed Grace Bay Club, will be operated as a five-star, fully-inclusive luxury product. All meals and beverages, on-site children’s programs, and non-motorized water sports are included in the rate. Rates start at $455/person/night based on double occupancy. The property is really targeting families looking for a luxury experience with value-adds – the property even offers eight beachfront cottages with private pools that are ideally suited for this type of group travel. Kid's Club Using the natural environment of Turks and Caicos as a foundation, the Kids Club offers a variety of fun, stimulating and experiential activities. All this is housed in a modern facility where parents can safely leave children between ages of 3 to 12 years old. All club activities are designed to be interactive, educational, eco-friendly and fun. Additionally, children can sign up for afternoon “kids only” excursions. Teens can sign up for extreme excursions including kite boarding, scuba diving and parasailing. Weddings Set on a 12-mile stretch of white sand beach against the turquoise waters of Grace Bay, The Veranda offers the ideal setting for a destination wedding and honeymoon. We offer exclusive wedding packages, as well as the services, catering and amenities as expected of a luxurious world-class resort, suitable for parties of 2 to 120 guests. Contact our Coldwell Banker agents for information on the Veranda Residences.]]> RisMedia)]]> Realtor.org what he adapted from those first sales, he answered, "I learned that you need to listen to your customers and pay attention to how they react when you are showing different homes. Practitioners need to remember what the client likes and dislikes. This transaction also gave me confidence that I knew what I was doing and would be good in the real estate business." Our goal for 2010 here at Coldwell Banker is to provide outstanding customer service in every way to everyone who comes through our doors. Our wishes for a Happy New Year to all. ]]> The Sands at Grace Bay, Providenciales, is offering 25% off rates on all room categories Jan. 2 - Feb. 12. Rates start at $214/night (originally $285) for a courtyard studio, and include unlimited access to non-motorized water sports such as kayaks, windsurfing equipment, and snorkel gear. Guests can also use the resort’s bicycles, tennis courts, and Wi-Fi at no additional charge. Also available are 1,2, and 3 bedroom suites with full kitchens. The Sands offers 3 swimming pools, spa, and beachfront restaurant.]]> Northwest Point Resort on Providenciales is offering discounts on rooms and dive trips, plus free car rentals, on reservations made now through April 15, 2010. Specials offered now will cut 40% off the room rates and 25% off dive trips, plus give guests a free car rental to explore the island on their own. Grace Bay Car Rentals will even meet arriving guests at the airport with their free rental car. About the resort: The resort is a convenient 15 minute drive from the Providenciales International Airport, and 20 minutes to most Grace Bay area shops and restaurants. We are also located only steps away from the start of the world's third largest reef system, which produces some of the best snorkeling in the islands. The resort sits adjacent to the 4,168 acre protected Northwest Point Marine National Park and Nature Preserve with some of the best wall and reef diving in the world. Sail Provo offers two hour snorkeling excursions from our beach out to the reef in front of the resort. Northwest Point has more than 1,700 feet of beach frontage, and endless undisturbed white sand on either side of the resort to enjoy beach combing for hours. ]]> Happy Holidays and Happy New Year from the Associates at Coldwell Banker. This card was from our Curacao affiliate, but expresses the thoughts of all of us.]]> Now is the time of year to schedule and take that Caribbean vacation you've dreamed about, and Turks and Caicos have many vacation rental properties to entice you. Here is just one of our luxurious beachfront homes - the Villa Alizee on Providenciales. 5 bedrooms, 5 full baths, cable, guest house, pool, central air and - did we mention - beachfront. Villa Alizee is one of the most luxuriously appointed Villas for private rental in the Turks and Caicos Islands. Located in the exclusive community of Sunset Bay in Chalk Sound, Providenciales, you will delight in the privacy of this 1.9 acre estate, complete with 220' of beach front right on the world renowned Taylor Bay. This beautiful white sand beach is accessed via a private pathway from the house. You can lounge on the beach or relax on the beach sun deck. The beachside shower is the perfect place to rinse off after a marvelous dip in TCI’s sparkling turquoise waters. Alizee is comprised of the main house, which hosts 2 bedrooms with en-suite, including an outdoor shower off the master bedroom, kitchen, 2 living rooms, dining room and laundry room. In addition, there are 2 master bedroom pods with en-suite bath, on either side of the pool. There is also an optional 5th bedroom Guest house, all easily accommodating 10 adults. You will delight in the extraordinary indoor and outdoor living spaces Alizee offers. Visit our Coldwell Banker Vacation Rental page for more photos and rates (which depend on season). Hope to see you on Turks and Caicos!]]> Villa del Mar, a luxury boutique hotel located in the heart of world-renowned Grace Bay in the Turks and Caicos Islands, has announced special rates for December and January, and a two-free-nights special for February through April 2010. For the entire month of December, all room rates are available at 25% off published rates and in January the savings get even better with 50% off all deluxe studio rooms. Starting in February through April, visitors who book a 7-night stay receive two nights free. The December 25% off special applies to all room types – deluxe studio, luxury one- and two-bedrooms, and the top-floor 1,800-foot two-bedroom ocean view penthouses. The January 50% discount begins January 2, 2010 and applies to Villa del Mar’s deluxe studio rooms only. These 680 square foot rooms feature outdoor terraces, pool views, a bedroom with king-size bed, plus a queen-size sofa in the living area and a small kitchenette. Villa del Mar is celebrating it first year in operation in Providenciales, the tourism center of the Turks and Caicos. Located close to the award-winning Grace Bay Beach, the finely-appointed 42-room property features deluxe studios, one- and two-bedroom suites with den, and breathtaking penthouse suites, all of which have been meticulously designed for an ideal tropical getaway. Offering exceptional island views from each balcony, the Villa del Mar experience includes a spacious central courtyard, exercise pavilion, and large pool and sun deck, among other amenities. The resort is also close to most of the island’s top restaurants, shopping, casino, nightlife, and other attractions. (resource: EarthTimes.org) ]]> Business Week recently wrote, "If You Don't Buy a House Now, You're Stupid or Broke. Interest rates are at historic lows but cyclical trends suggest they will soon rise. Home buyers may never see such a chance again." Now is when prices worldwide are at their lowest in years. Now is when inventory is at the highest rate in years. Now is when rates are historically low, the lowest recorded in nearly 40 years. Many call this confluence of buying factors the change of a lifetime. It is, at least, the once-in-a-generation opportunity. Roth explains that the most important driving force of this buyers jackpot is the low interest rate. He says, "The most important lesson is to understand the actual financial impact the rate has on the cost of purchasing and paying off a home. Every quarter-point change in interest rates is equivalent to approximately $6,000 for every $100,000 borrowed over the course of a 30-year fixed. While different in each region, for the sake of simplicity, let's assume that the average person is putting $40,000 down and borrowing $200,000 to pay the price of a typical home nationwide. Thus, over the course of the life of the loan, each quarter-point move up in interest rates will cost that buyer $12,000. "As the global economy stabilizes, it is reasonable for us to see 30-year fixed rates climb to 6% within the near future and probably to a range of 7% to 8% when the economy is humming again. If every quarter of a point is worth $12,000 per $200,000 borrowed, then each point is worth almost $50,000. "Let's put that into perspective. You have a good stable job. You would like to own a $240,000 home. However, even though home prices have steadied, you may be thinking you can get another $5,000 or $10,000 discount if you wait. Or you may be waiting for the news to tell you the economy is "more stable" and it's safe to get back in the pool. In exchange for what you may think is prudence, you will risk paying $50,000 more per point in interest rate changes between now and the time you decide you are ready to buy. "If you are someone who is looking to buy or upgrade in the $350,000-to-$800,000 home price range, and many people out there are, then you're borrowing $300,000 to $600,000. At 7%, the $300,000 loan will cost just under $150,000 more over the lifetime, and the $600,000 loan an additional $300,000, if rates move up just 2% before you pull the trigger. "What I'm trying to impress upon everyone is that if you are planning on being a homeowner now and/or in the foreseeable future, or if you are looking to move your family into a bigger home, then pay more attention to the interest rates than the price of the home. If you have a steady job, good credit, and the down payment, then you really are being offered the gift of a lifetime." Stop in our Coldwell Banker office and let's talk about your options, and your buying opportunity of a generation. ]]> The Banker, a leading international finance and investment magazine. The magazine’s Bank of the Year award is now in its 10th year and according to the magazine, it is given to the best commercial bank in over 130 countries based on financial results, technological advancements and future strategic marketing plans. This year The Banker received a record number of entries for the awards – more than 500 questionnaires were submitted. In light of the financial markets, the award acknowledges the institutions that have managed the challenges of the financial crisis with skill, courage and expertise. The 2009 awards will be formally announced in the December issue of the magazine. The Banker is the world’s longest running international banking magazine, recognised as a leading source of information on finance and investment across the globe. (resource: TCWeeklyNews)]]> Grand Turk has a sister port now, as Roatan's Mahogany Bay, Honduras, opened its cruise terminal this last week. The brand-new facility joins Costa Maya and Grand Turk as the third something-out-of-nothing port designed specifically to appeal to cruise passengers. Mahogany Bay is not the first terminal built exclusively for cruise ships and cruise travelers. The trend began in early 2001, when Costa Maya opened its doors to visitors. Previously, the location had been an undeveloped area whose only settlement was the nearby village of Majahual (population: 200). The original infrastructure built for cruise passengers included pools, bars, restaurants and shops. Since that time, cottages for workers -- who come from elsewhere in Mexico -- and shore excursion areas have been added. Following in 2006 was Grand Turk -- another Carnival Corporation-sponsored initiative that carried a whopping $60 million price tag. Although it's still largely considered an off-the-beaten-path destination, the island (one of just eight inhabited islands in the 40-island Turks and Caicos chain) now boasts retail shops and recreation areas that offer everything from horseback riding to fly fishing. Mahogany Bay has come on the scene as the third of these manufactured playgrounds for cruise travelers. Just how popular Roatan's new port will become remains to be seen, but as cruise lines seek to expand their offerings, especially in the heavily traveled Caribbean, the trend of creating new cruise ports out of undeveloped areas remains a fashionable one. (resource: CruiseCritic.co.uk)]]> beta.coldwellbanker.com. A key objective of the site launch is to help redefine real estate search which, to date, has focused primarily on such functional aspects of home-buying as number of bedrooms or listing price. The beta launch of the new Coldwell Banker website offers consumers a unique portfolio of new search options that incorporate elements of such online innovators as music recommendation engines and major e-commerce sites. “Recognizing both the value of consumers’ time as well as the excess of often unhelpful information about real estate found online, our goal at Coldwell Banker is to provide potential homebuyers and sellers with the most comprehensive, informative and user-friendly experience possible,” said Jim Gillespie, president and chief executive officer, Coldwell Banker Real Estate LLC. “The new Coldwell Banker website not only provides consumers with up-to-date property listings, home-related tips and industry news, but it allows consumers to search for homes using a variety of methods.” Features of the new site include: tground-breaking BlueScapesm search platform, a fresh approach to real estate search that allows consumers to discover the aspects of their “dream home” based on their attraction to a series of images and settings; a “You May Also Like” feature that offers additional homes of interest, based on a range of characteristics from properties consumers select as “preferred”; technology that immediately identifies a consumer’s current location via their computer’s unique IP address, and offers properties for sale in that area; keyword searching that enables users to find properties featuring specific details of their choice and integration and expansion of virtual tours and video display of select listings where available. “Despite its focus on hard numbers like square footage and price, real estate is also a deeply emotional process,” explained Michael Fischer, senior vice president of marketing, Coldwell Banker Real Estate LLC. “Home buying is often driven by a gut feeling like the first time you lay eyes on a home or that vision you have in your mind’s eye of the perfect mountain view. We’ve widened the definition of real estate search to give consumers the chance to explore those intangibles.” (resource: press release, RisMedia.com)]]> Timing the Market, and Graham Canham on using just one agent for your property searches. If you are reading this while visiting our islands, the Free Press is distributed to all the resorts, Grace Bay IGA, Saltmills Shopping Plaza on Grace Bay Road, and Provo Airport. Be sure and look for the Coldwell Banker contributor articles under the business section. So you will feel like you know us, here's our Christmas Santa photo - happy friendly folks waiting to help you with real estate on Turks and Caicos. ]]> NassauGuardian)]]> TurksandCaicos.TC for details, but here is an overview of all the festivities on the islands during December. We hope you will be here to join us. 12.1 - World Aids Day, Grand Turk, Providenciales. AIDS Coordinator Office 649-946-1675 12.6 - Kiwanis Club Christmas Tree Lighting Ceremony, 6 PM, Downtown Ball Park, Providenciales TBD - 16th Annual Mini-Triathlon to benefit TCI Red Cross. Darlene @ 946-5802 or 243-8066. Providenciales Dec - Christmas Tree Lighting. Music, food, Santa. Lester Williams Park, Grand Turk Dec - House Lighting Competition. Judging 12.21-28. Grand Turk, Providenciales TBD - TCSPCA Christmas Party, 10 A - 1 PM, Suzie Turn Plaza, Providenciales TBD - TCIRFU Christmas Party, Rugby Club, Tickets call 231-1947 Providenciales Dec - Glow worms - check with local tour operators TBD - Ashcroft School Christmas Fair, Providenciales TBD - TCFAF Carol Concert & Party, Providenciales 12.19 - Gourmet Safari, Providenciales TBD - Tyme Bistro Xmas Tree Ornament Competition, 649.946.6977, Salt Cay 12.25 - Christmas, public holiday 12.26 - Boxing Day Scramble, Provo Golf Club 12.26 - Boxing Day, public holiday 12.31 - Old Year's Night, all churches, all islands 12.31 - New Year's Eve parties, all islands That's quite a list and we are sure there are more not shown here. Enjoy!]]> SunTCI)]]> TCWeeklyNews) ]]> TCI Free Press)]]> Our Coldwell Banker office on Turks and Caicos represents many vacation properties, and this is our newest one: Villa Jasmine on Providenciales. Villa Jasmine is a lovely Mediterranean-style villa where indoors and outdoors meet effortlessly. Jasmine is built on high ground for the maximum amount of privacy and air circulation, which is why the main living area of the house is on the second floor. There is also a tower and rooftop sunning deck with 360° views and great ocean breezes. Ideally situated on a narrow spit of land, this villa has a pool and is surrounded by the most beautiful colored water. The villa is a short distance to the prestigious Taylor Bay Beach. Priced at $6,300/week. Visit our Coldwell Banker Vacation Rental page for more details. ]]> The Somerset Resort located on the award-winning Turks & Caicos Grace Bay Beach is one of the recipients of the 16th World Travel Awards. The already award-winning resort walked away with 'Caribbean's Leading Suite' and 'Turks & Caicos Leading Hotel' at the ceremony which was held in London on November 8th 2009. This was the 2nd consecutive year the Presidential Suite at the Resort has won the award. The awards which were described by the Wall Street Journal as the 'Oscars' of the global travel and tourism industry, recognizes the very best of the travel industry and is one of the few travel awards that is voted for by travel professionals from 183,000 travel agencies, tour and transport companies and tourism organizations in over 160 countries across the globe. The underlining principles of the World Travel Award is to drive standards of customer satisfaction and increase the level of sustainable travel industry business. There were 13 hotel/resort awards within the Caribbean regional category this year. (resource: AnguillaNews) ]]> Imagine yourself on this white sand beach on the island of Providenciales. Lot size 0.65 acres. 98' of linear beachfront. Wow! A rare opportunity to secure Provo's best beachfront address - Pelican Beach in prestigious Leeward, Providenciales, Turks & Caicos. Adjacent lot also available making these two properties 1.28 acres with 212 feet of beachfront. Asking $2,500,000. Visit our Coldwell Banker Listing page for details.]]> Trading Markets, "The local airline Air Turks and Caicos, owned and run by a nephew of former Premier Michael Misick, is celebrating the one year anniversary of the buyout of Sky King's routes. ATC has reportedly suffered a serious loss of business due to competition on the Provo-North Caicos route from high speed ferry operators, who charge less than half the airfare and readily carry quantities of baggage for low fares or gratis while ATC charges by the pound when the weight exceeds limits." We welcome the competition for our visitors, and hope it will bring more travelers to our beautiful islands this winter.]]> how much will a buyer pay for your home. Buyers don't care how much you paid for the home, how many memorable moments you and your family shared in the home, how much cash you need for the down payment on your next home, or how much time and money you've invested in your home's hardwood floors, fresh paint, lush landscaping or other improvements. The following are things you should consider when setting the price for your home: CMA: Our Coldwell Banker realtors will be willing to prepare a comparable market analysis (CMA) for you as a free marketing service, with the goal of getting your business whenever you decide to move. A "comparative market analysis" (CMA), shows the prices of comparable recently sold homes, on-the-market homes and homes that were on the market, but weren't sold. A market-savvy Coldwell Banker realtor will give you a rough idea of what your home would be worth, given its size and condition and local market conditions. Some agents will tell you to under-price your home in hope of sparking a bidding war. Others will suggest a flatteringly high price to "buy" your listing only to demand a price reduction a few weeks later. Price recommendations based on CMAs aren't gospel. The decision about how much to ask, though, is always yours. APPRAISAL: An appraisal is different from a CMA in many ways. One difference is that an appraisal is only based on past sales. Also, unlike a CMA, a professional appraisal usually costs a few hundred dollars. A formal written appraisal can be useful if you have unique property, if there hasn't been much activity in your area recently, if co-owners disagree about price, or if there is any other circumstance that makes it difficult to put a value on your home. In a normal home sale, a CMA is probably enough to let you set a proper price. Appraisers rely on an on-site inspection of your home, recent sales of comparable homes, and replacement costs to arrive at an opinion of value. The appraiser's report is a full-blown description of your home and the criteria used to formulate the valuation. NEIGHBORHOOD OPEN HOUSES: Visiting open houses is a good way to compare your house to other homes that are for sale in your neighborhood. While you're there, try to make an impartial assessment of how those homes compare to yours in terms of location, size, amenities and condition. If both homes were selling for the same price, would you buy your home or someone else's? Chatting with real estate professionals about your local market will also help you get a good grasp on what a reasonable price range for your house would be. Keep in mind that these homes are For Sale, they haven’t sold, so the prices are only Asking Prices. OFFERING INCENTIVES: Sometimes a little something extra is needed to attract buyers. Here are a few examples on what you can offer to sweeten the deal: - Closing escrow quickly will attract buyers who want to move in right away. - Offering seller-financing will appeal to buyers who need to stretch their financial resources. - A lease-option can help first-timers who need down payment assistance. - The more creative and flexible you can be in meeting the buyer's needs, the more success you'll have in pricing your home to sell. - House improvements such as repairing the roof, or repainting the house, or leaving behind the washer and dryer may also offset setting a higher sale price. - Offering to pay some or all of a buyer's closing costs and discount points required by the buyer's lending institution is a way to offer a cash incentive, instead of just lowering the price. - Offering a bonus to the selling broker, in addition to their commission. Even after all the above has been done, the selling price is ultimately decided by you, the owner. Some owners may choose to set their selling price at the absolute lowest they are willing to sell because they hate to haggle. Others are willing to “see what happens”, and may set the price a bit higher. Set the price for your home at a level you feel is fair and reasonable and listen to the advice of your Coldwell Banker agent, the professional in your community. ]]> The Veranda Resort & Residences, opening February 1 on the island of Providenciales, is now offering a Grand Opening Deal of 30-percent off for travel from February 1 to April 10, with introductory rates starting at $630 per night based on double occupancy (including tax and service). Here's a link to watch the video clip under the photo. The 10-acre resort occupies 800 feet of beachfront along the shores of Grace Bay. The 168-room resort will include two separate oceanfront restaurants offering both elegant and casual dining experiences, an outdoor lounge and contemporary bar, an Asian-inspired wellness center, spa and fitness facility, three separate swimming pools and more. As the Caribbean's only beachfront residential resort community of its kind, The Veranda features architectural styles inspired from legendary coastal destinations such as Nantucket and Key West. The community blends tropical exterior colors, lush landscaping and inviting walkways throughout the accommodations, restaurants, swimming pools and peaceful spots while just steps from world-famous Grace Bay Beach. Visit your travel agent or the Veranda web site for information and reservations. Contact any of our Coldwell Banker agents about the residence opportunities in the Veranda.]]> This breathtaking setting is Chalk Sound on Providenciales, one of the islands of Turks and Caicos. The villa offers 4 bedrooms/4.5 baths, and is located on 2 acres of direct oceanfront. With 3,260 SF of interior space, the home features full furnishings, pool, guest house, and complete walled privacy. Asking $4,200,000. Visit our Coldwell Banker Listing page for photos and details. Rental and management figures are available.]]> October was National Breast Cancer month and the islands held many activities to support the cause. Here's a photo of all of us in Coldwell Banker wearing our Pink T-shirts on Grace Bay Beach. We wore our Pink T-shirts on casual Fridays during the month of October. Left to right Julien Marziou, Megan Dean, Krissy Thompson, me and Graham Canham. Saturday, 24th October marked the 'Pretty in Pink Luncheon' presented by the National Cancer Society at Beaches Resort. The inspirational event was packed to the brim full of ladies and gentlemen dressed head to toe in pink. Setting the atmosphere with pink and white table decorations, local dancers from the Turks & Caicos Culture set the mood. Speakers included cancer survivors, an oncologist from Miami Baptist Health, some members of the National Cancer Society, and some simply affiliated with the disease. The three-hour luncheon finished with very involved pleas to join The National Cancer Society. If you would like to become a member please get in touch with the president Mrs. Lucille Lightbourne at 231-4374. She is also searching for help with the societies website and asks anyone who is IT skilled and willing to lend a hand to contact her. Every 13 minutes someone is diagnosed with cancer. To minimize your chances of getting the disease, especially if you have a family history in it, exercise and a healthy lifestyle and diet with plenty of Vitamin D and calcium were recommended. (above from TCFreePress) ]]> Do you dream of a vacation where you can truly relax and get away from it all? Where the most difficult decision you have to make is whether to have one more dip in the cooling turquoise waters before your afternoon nap or later? If this is what you've been looking for then look no further! We can help you arrange your dream vacation from the comfort of your own home. Everything can be prearranged from accommodation, car rental, excursions and activities, to a Welcome Pack of groceries, ready and waiting at your villa or apartment. Here's a sample: Villa Lynda, located on the south side of Providenciales, a beachfront vacation rental located in Chalk Sound. Sapodilla Bay and Taylor Bay beaches are just a short distance away. This newly constructed ocean and beachfront home has views of the water from every room, a gourmet kitchen with breakfast bar, and exquisite interior furnishings and home details. From $7700/week. 4 bedrooms,4.5 baths. Pool. Visit our Coldwell Banker Villas Rentals page to learn more about spending your Caribbean vacation here.]]> Away.com,a leading Web site for travel planning, has released its picks for the top 10 hidden gem Culinary Travel Destinations around the world. Kate Chandler, Away.com senior editor, states, "Culinary-focused travel is becoming increasingly popular, and it's not just for foodies anymore...Whether you're a casual diner or a bona fide epicure, these 10 culinary hot spots deliver both food to wow your palate and the kind of genuine cultural experiences that really defines travel." As reported by Reuters, "While certain destinations are known for keeping visitors in culinary bliss, such as Paris or San Francisco, there are other hidden gems that can cater to any hungry traveler. From fresh conch farms in the Turks and Caicos Islands to Mumbai's melting pot of flavors, Away.com's picks of the top 10 culinary destinations may not lead a most-visited list, but are a must-see for true food lovers." Away.com's Top 10 "Hidden Gem" Culinary Destinations 1. Bangkok, Thailand 2. Mumbai, India 3. Big Island, Hawaii 4. Buenos Aires, Argentina 5. Carmel, California 6. Fes, Morocco 7. Walla Walla, Washington 8. Southwest London, U.K. 9. Wellfleet, Massachusetts 10. Providenciales, Turks & Caicos, British West Indies ]]> Turks and Caicos has been placed on hold, pending restructuring of their financing plan with Trinidad and Tobago Unit Trust Corporation. Construction has stopped, all foreign workers have been sent home, and local labor has been asked to wait until further notice before they start again working at the site. Dr. Cem Kinay, one of the partners in Dellis Cay, said, "Our business is on the brink of collapse because confidence in it was destroyed by allegations made by the Turks and Caicos Islands Commission of Inquiry during its hearings earlier this year...Despite the world economical crisis, we had continued to operate but we could not survive the publication of these allegations, despite the fact that a court found that they were unlawfully made." (Read more of the press problems at SunTCI.com.) Dr. Kinay admitted that "As a result of the negative environment, our sales slowed down considerably and impacted the performance of our receivables, and [any] new sales." Dellis Cay was bought from a private individual in 2005 and was one of the private land deals in Turks and Caicos Islands. The developers are creating a luxury island community involving unique designs from some of the world's leading architects. When completed, the development will be comprised of luxury villas, residential units located around, and serviced by, a Mandarin Oriental hotel. Construction of the Project has commenced in June 2008 and was expected to end in October 2010. Dellis Cay is 20 minutes by boat from Providenciales. ]]> Turks and Caicos Sporting Club at Ambergris Cay was honoured by Caribbean World Magazine during their 15th annual International Caribbean World Awards. Not only was the club named "Best Private Island of the Year 2009," but also received the award for "Best Development of the Year 2009." Votes for the awards were cast by Caribbean World Magazine and its readers, while special prizes are given by the magazine at its discretion. The International Caribbean World Awards recognises excellence in travel, tourism and real estate throughout the region and attracts television, radio and mainstream press coverage worldwide. The 2009 winners will be featured on all three websites below including the interactive web television channel. *www.caribbeanworld-magazine.com, *www.caribbeanworldrealestate.com *www.caribbeanworld.tv]]> Win a 3-Night Stay at the Ocean Club Resorts for two. Just post a picture of yourself enjoying a lazy, dreamy beach day on the Ocean Club Resorts’ Facebook page. Entry details: Become a fan of Ocean Club Resorts’ on Facebook. Post a picture of yourself — enjoying your laziest, dream beach day — by 10 p.m. EST on Wednesday, November 4, 2009. Accommodations are for one-bedroom garden/pool view suite for three nights. You can purchase additional nights at the regular rate. Stay includes an in-suite washer/dryer, three pools, three tennis courts (complimentary equipment) and bicycles. Stay only valid from May 1 – December 15, 2010. Every 3rd Night Free at the Royal West Indies Resort. The resort has extended its third-night free offer until October, 31, 2009. The promotion rewards travelers with a free night after each two nights they pay for, and can be applied to stays of any length. The offer is available in all room categories at Royal West Indies - studio, one- and two-bedroom deluxe suites. The resort features direct ocean view accommodations overlooking the famous white sands and turquoise water of Turks and Caicos. The suites, ranging in size from 500 to 1500 square feet, include full kitchens, living areas and spacious patios. ]]> BVI real estate and those looking to buy or sell will have noticed that the number of properties listed for sale this year has certainly risen. Hardly suprising, given the pickle the world economy has gotten itself into, but what they will also have noticed is that asking prices have not dropped. Yes, the odd one or two may have gone down a dollar or two, but most have not - and some have actually gone up. That’s not to say that accepted offers might be lower than they might otherwise have been, but to be frank, we’re not seeing a lot of that either. Locally, all the indicators would suggest that the BVI economy in general is down a bit but is certainly not as bad as elsewhere in the world. With caution being the better part of valour, the number of real estate transactions locally is down but certainly nobody is giving anything away and prices are therefore holding. In the ex-pat or “Non-Belonger” market, the same is true. Perhaps the nature of the overseas buyer in the British Virgin Islands has something to do with that. Most of our Non-Belonger clients tend to be reasonably successful, middle-aged folks, who enjoy the peaceful, calm way of life here. They had the patience to survive the process of purchasing property in the BVI so they certainly passed the first test! Lets not call them dull, but on the whole they certainly aren’t the nightclub and casino-loving, gambling, risk takers who are likely to be found purchasing property on South Beach or in Nassau, Bahamas. So, being somewhat more conservative, perhaps they haven’t lost their shirts in the downturn, and therefore don’t have to give anything away at a bargain basement price. Just a thought. There is, of course, one far more obvious reason why prices of BVI real estate have held up. There’s not much of it – there is a limited supply - and lots of people would still like to own some, given how beautiful the islands are. Now, as we all know, there are lots of scenic places in the Caribbean, so we wondered if the same thing was happening on other islands. Coldwell Banker has over 3700 offices in over 47 countries around the world, including offices on 16 islands throughout the Caribbean (we’ll include Bermuda since they are really one of us, even if that’s not quite geographically accurate). So we thought we’d call around and find out if other islands are experiencing similar things in their markets. Here is some of the feedback… Brett Mucklow, St Maarten Our local market is very strong and quite resilient. Islands have limited land and no possibilities to expand. We compare our market to some of the exclusive areas in the US such as the Hamptons, where prices hold quite well. Most island populations are growing, so property is in demand. Our island is serviced by direct air flights from 10 or so countries on 3 continents. Outside of PR, we are the largest Caribbean hub. We have a diverse client base. Our economy is only tourism but it is very diversified. Cruise ship business, timeshare, villa rental and the marina/mega yacht industry are all parts of our tourism foundation. This diversity has insulated us and given some stability. In addition, we have the French side – St Martin – that uses the Euro, so with two of the world’s largest currencies, we are protected as one offsets the other. French currently shop on our side as the Euro is strong and visa versa when weak to the dollar. Amy DeWilde, St. Croix St Croix has been prominently featured recently in US national publications like Coastal Living as #2 [in their article] of the top ten spots to snorkel in the Caribbean, and in USA Today’s Destination section. Recognition like this and the discovery of our extremely attractive real estate values are keeping our market active. There is good inventory for buyers. Sellers who recognize the need to be flexible with both price and financing options can successfully find a buyer. Our market is also helped by the lowest interest rates we’ve seen in a long time. St. Croix’s very diverse topography, many attractions that appeal to nature-lovers and history buffs, some of the best diving in the Caribbean, and great dining are but a few of the reasons that buyers from afar decide to make St. Croix either their primary or second-home destination. Susan Thompson, Bermuda As the leading real estate company in Bermuda, we are constantly called upon by consumers, attorneys, bankers, architects, developers, and other businesses for our in-depth industry knowledge. That is why Coldwell Banker Bermuda Realty takes great pride in recording real estate sales details, to ensure we are armed with factual and supportive data that assists companies and individuals to make informed financial decisions. Our database (‘Realty Plus’) extends back 20 years, has in excess of 7,500 entries recording over $5.5 billion in island-wide real estate transactions. We have incorporated over 30 search criteria, thereby permitting queries by name of property, date of sale, acreage, price bracket, property type and much more. We can carry out research assisting our local and international clientele to make very important decisions relating to property acquisition. A year ago in June, we reported that during the first half of 2008, the average price of all real estate transactions was slightly more than $1,000,000 with single family homes approximately $1,400,000. Compare that to figures recorded to date for 2009 (bearing in mind that 2009 records have not been finalised) of $950,000 for all records and $1,460,000 for single family homes. Conversely, the average price for condos was $823,000 in the first half of 2008 verses $733,000 thus far for 2009, signifying an approximate 11% decrease in condo prices, but very little variance in other areas of the market. It is interesting to note that this figure is reminiscent of 2004 when the average price of condominiums was $742,000. On the inventory side of the equation, we currently have 295 active listings. The yearly average number of sales transactions island wide over the past five years is 553, hence the current inventory represents just over 6 months supply. Condominiums still represent 60% of the inventory, which is good news for first time buyers looking for 95- 100% financing. The banks are still lending up to $1,000,000 to qualified purchasers and 36% of the inventory is presently in this price bracket. In conclusion, consumers continue to purchase real estate in Bermuda, but at perhaps a slower pace as there are more choices. Prices have come down in various sectors of the market which is encouraging for those looking to own a piece of the rock. Overpricing your property is not an option if you wish to sell in this market, as buyers are well educated, banks are being conservative with appraisals, and there is lots of competition for most properties. However, ultimately, everything will sell at the correct price. Louise Peterson, Turks & Caicos Due to the large number of condo projects that completed in 2008 and 2009, and the slow down in the North American economy, current inventory levels in the TCI are up around 20%. We've experienced price softening somewhat especially in the condo and in-land housing markets. As the new kid on the block, TCI found over the last 12 - 15 years demand strongly outweighed supply. This meant few prime properties were available for sale and year-over-year prices continued to rise. Record pricing levels were achieved along the Grace Bay hotel and resort area, as well as waterfront homes and estates. The basic fundamentals have not changed though, and TCI offers a fantastic lifestyle investment opportunity- particularly for Canadians, where the market has stabilized in the major cities since late spring and their dollar is strong. Owners in the TCI wishing to sell their properties over the next season have priced it accordingly, and have begun to see activity pick up with multiple and back up offers being presented. Savvy investors are returning to take a second look at TCI. Value is key and this new or returning investor is looking to hold the real estate for the long term. Inventory levels remain high but this means that purchasers have an opportunity to select from properties not previously offered for sale and at levels not seen in the last 3-4 years. ]]> Suzie, a green turtle tagged for satellite tracking, recently swam 900km in 28 days, giving valuable data on the species' migration routes. She was released from Turks and Caicos Islands the end of June, spent two months in those waters, and then swam straight for the British Virgin Islands. The tracking system showed Suzie began migrating on September 1. She swam 820km to BVI and, after a week there, swam 120km to the waters of Anguilla. Suzie was caught and named by fishermen on South Caicos, according to Wesley Clerveaux, director of the country's department of environment and coastal resources. He said: "Our project officers on the island are putting up the maps of Suzie's journey on walls and notice boards each day and doing a great job of keeping the South Caicos locals informed." Suzie has made quite a name for herself. Peter Richardson of the MCS said: "Suzie's journey is a remarkable first. She was the first turtle ever to be fitted with a satellite tag in the Turks and Caicos Islands. Her journey has told us, for the first time, that three of the UK Overseas Territories in the Caribbean, hundreds of kilometres apart, share green turtle populations." Of the UK Overseas Territories in the Caribbean, currently only the government of Anguilla has imposed a ban on all turtle fishing, until 2020, to allow populations to recover. Scientists plan to tag six turtles, aiming to reveal the full range of the endangered green turtle and the critically endangered hawksbill turtle. (resource: News.BBC)]]> Breast Cancer Awareness Walkathon Saturday October 3 at 6am, meeting at the Graceway IGA on Leeward Highway, walk to the Tropicana round-a-bout and back to IGA. Registration is $15 and includes the Pink Ribbon of Hope T-Shirts. Breast Cancer Church Service Sunday October 4 starting at 9am, Harvest Bible Chapel (new Hope Baptist building). Breast Cancer Fundraiser Luncheon Saturday October 24 starting at 12:30pm, held at the Beaches Resort in the Bight, tickets are $50 per person, contact Liz for more information at 231-6250 or Terry at 231-6894]]> Climb aboard the Reef Peepers glass bottom catamaran with Captain Santo, enjoy a fresh Conch salad and have dance lessons on the boat. Amanda Quesnelle did this summer and can't say enough good things about the Reef Peeping crew. The trip included a half day snorkel trip on the boat, plus a lesson on how to catch and prepare a fresh Conch Salad lunch. The rest of the afternoon was spent snorkeling and at the beach. The morning trip takes you to Iguana Island which is not too far from the eastern tip of Provo. For more information visit their website at www.reefpeepers.com ]]> Westjet has just announced huge discounts on numerous winter packages booked through their website - starting this weekend through mid December. Departing cities such as Toronto, Edmonton, and Ottawa are featured, trips to the Turks & Caicos Islands as well as several other Caribbean destinations start at around $1200 Canadian for 7 nights, flight included. The participating hotels on Providenciales are Gansevoort, Royal West Indies, The Sands, Comfort Suites, Ocean Club and Ocean Club West and Villa Del Mar. For more information visit WestJet's website.]]> While in the Turks & Caicos Islands check out some of the restaurants and bars that feature live music or DJ's playing your favorite songs....... Island Music and various bands featured at Beaches Resort & Spa Sunday through Thursday Why Knot Wednesdays at Nikki Beach - DJ from 6pm Music by Stanley Roots on Monday evenings at the buffet at The Alexandra Resorts Caribbean Cookout on Grace Bay Beach Saltmills Diner in Grace Bay features live music starting at 6:30 Fridays Live Music starting at sunset at Hemingway's Restaurant at The Sands Resort on Grace Bay, Tuesdays & Thursdays Island Music at the Mango Reef Restaurant on Wednesday evenings by the pool Live Caribbean Calypso Band from 10pm until late, late, late every Friday at Calico Jacks Restaurant at the Ports of Call Shopping Center in Grace Bay Live DJ at Danny Buoy's Irish Pub on Grace Bay Road Friday nights from 10pm Karaoke too - at Calico Jack's every Thursday evening.]]> Yes, the Turks & Caicos Islands have Glow Worms, have you seen them? A few days after the full moon you can find glow worms in several places in Providenciales, and a trip on the Atabeyra is a wonderful way to experience this amazing sight. The Glow Worm Sunset Cruise, for $49, is a local phenomena offered every month on the 3rd and 4th days after the full moon. A front row seat to the mating ritual of the resident "glow worm." Right on cue, 50 minutes after sunset, the male and female worms perform a phosphorescent dance that, on a good night, will light up the channel. On Tuesday September 8th and Wednesday the 9th, the worms will be out in all their glory. Book a trip on the Atabeyra ship, leaving Big Blue dock at 6:15 pm, contact Captain Diade Manuel Labour at 231-0624 to book your trip. ]]> SunTCI) ]]> Coldwell Banker Real Estate has had an amazingly successful year-to-date, filled with awards and accolades from the likes of J.D. Power and Associates and the Wall Street Journal. With the Fall season approaching, I thought this would be an excellent opportunity to take stock of what weve been able to accomplish so far this year. While other real estate companies have retreated during the recession, Coldwell Banker has continued to deliver game-changing moves that put the brand out front, attract consumers for the long run and, in turn, change the way business is done both in the U.S. and internationally. Coldwell Banker initially broke new ground this year in March with its use of Microsoft Surface as a new way of engaging homebuyers. Microsoft Surface turns an ordinary tabletop into a vibrant, interactive touch screen that stops consumers in their tracks when they see it. Through the touch of a hand, consumers can expand or contract the search area and locate listings, Coldwell Banker offices, and area amenities. Coldwell Banker affiliates are planning to utilize Microsoft Surface in malls, airports, hotel kiosks, high traffic offices, etc. to augment their local marketing efforts. After our debut of Microsoft Surface, Coldwell Banker really began to stake a claim as the most innovative real estate company in the world today with the launch of On Location, the Coldwell Banker YouTube channel, in early May. Previously an untapped real estate resource, YouTube and its parent company Google eagerly collaborated with Coldwell Banker to debut On Location. Utilizing the ultra-local insight Coldwell Banker affiliated sales professionals offer, consumers can now fully engage in real estate search and discovery, and drill deeper into the home buying and selling process. On Location takes Coldwell Banker agent profiles out of words and static images and into the vibrancy of video. Our sales associates now go to market with a differentiator that allows their personality and professionalism to shine through and instantly connect with consumers. Likewise, properties can gain a greater first impression than a series of photos can ever provide. To date, more than 300,000 have viewed the video content and agents have already posted more than 3,000 videos, to make On Location one of the most robust channels on YouTube. Coldwell Banker On Location complements the brand's flagship Web site (www.coldwellbanker.com) and extends the company's robust social media platform, which includes Facebook pages for the brand and its two founders, Colbert Coldwell and Arthur Banker, a Twitter feed, and profiles on Flickr and FriendFeed. And the excitement of our recent Iphone application announcement underscores even more how Coldwell Banker continues to raise the bar with interactive real estate technology. We are on TV, on the Web, on mobile phones. Our "get listings anytime, anywhere" mantra is working. We flexed our muscles during Coldwell Banker Legislative Week in late spring. Just days after so many Coldwell Banker broker/owners and managers met with U.S. Congressional leaders, I ventured to Capitol Hill and met with key members of the House and Senate, as well as the media, to have a dialogue on the critical issues still facing the real estate industry. The leadership role we have in the industry is because of our agents, the heart and soul of the Coldwell Banker organization. This summer, a respected third party has also recognized how good you are. Coldwell Banker was named the winner of the 2009 JD Power Seller Satisfaction Award in August, validating the fact that we have the best and most dedicated sales force in real estate. And a recent Wall Street Journal survey of its subscribers found Coldwell Banker would be the most considered brand for future transactions. Clearly, our sales efforts are being recognized by consumers. I couldn't be prouder of this outstanding brand. Wherever the consumer has come across Coldwell Banker over the past year, they have seen us redefine how the brand, the industry, and the entire real estate process is viewed. As we finish up 2009 with - hopefully - a renewed real estate vibrancy, I'm confident we will look back on this year as the time when Coldwell Banker took technology by the horns and created a new era in real estate innovation. Visit any of our Coldwell Banker Island Affiliates in the Caribbean to discuss our products, innovation, and commitment to customer service. ]]> Why Go Caribbean, has short sketches on all the Caribbean Islands. For Turks and Caicos, it doesn't take much to convince you to visit. 1. The Turks and Caicos territory is made up of eight main islands and a few dozen smaller islands. Some have vacation mega-resorts, several of the islands are protected as National Parks, and all offer great beaches and diving. 2. English is the official language 3. The US Dollar is the official currency 4. Plenty of restaurants throughout the islands, including some great ethnic food 5. Getting there: Flights are offered by Sky King, Air Turks and Caicos, American Airlines, Spirit Airlines, Delta Airlines, Air Canada, West Jet, British Airways and US Airways. South Caicos and Grand Turk both have entry facilities at the government docks for private boats. Cruise ships often stop at one of the islands. 6. Getting around: Travel between the islands is by air or ferry, or charter boat. 7. Electronics: 110 volt/60 cycle. Good for US appliances, perhaps other country appliances will need a converter. 8. Holidays: pretty laid back 9. Things to Do: Diving is probably the number one reason to visit Turks & Caicos, but there are plenty of other activities available on the islands. You can check out the colonial towns on Grand Turk and Salt Cay. Birders can visit Cottage Pond and Flamingo Pond in North Caicos to view a vast range of plant life and birdlife. On South Caicos, fishing is great. You can visit the historic Cockburn Harbor and the natural phenomenon of the boiling hole. From December to April, you can spot the migrating humpback whales. Several of the deserted islands offer the chance to glimpse the endangered island iguanas. You can visit the Caicos Conch Farm, the historic ruins of Cheshire Hall cotton plantation, the Grand Turks Lighthouse, explore the most extensive cave system in the Caribbean or visit “the hole” - a 40 foot natural hole with a swimming hole at the bottom. 10. Be sure and stop in our Coldwell Banker Office to visit when you are here. There are some great buying opportunities right now. See you soon! (resource: WhyGoCaribbean)]]> "Beautiful by Nature" is the slogan for the Turks and Caicos Islands, and that is no where more obvious than the four outer, or boutique, islands: Parrot Cay, Pine Cay, Dellis Cay, and Ambergris Cay. Read in detail about these at Turks and Caicos Tourism.com, but here is a snapshot. Parrot Cay: This 1000 acre island now hosts the ultra luxurious and very private vacation hideaway Parrot Cay Resort and Spa, called by some the world's most exclusive resort. Movie stars enjoy the solitude and anonymity. Beachfront homes have been built for the rich and famous including Bruce Willis and Keith Richards. Pine Cay: had no permanent population until The Meridan Club was built here in the 1970s. Today, the people who work on the island come primarily from North Caicos and Middle Caicos. Pine Cay's most striking natural feature, aside from its beach, is its underground fresh water lens. The structure and porosity of the limestone is such that rainfall is absorbed and held as if in a sponge. Being lighter, the fresh water floats on the underlying salt water, forming an underground lens-shaped layer of pure fresh water, varying in depth from a few inches to over 40 feet. Dellis Cay: Dellis Cay is 560-acre private island just to the east of Pine Cay with welcoming sandy beaches and great sand dollar hunting grounds. It is being developed as a multi-use property by The O Property Collection which will be managed by the globally renowned Mandarin Oriental Hotel Group. The exclusive 30 hotel room Dellis Cay resort will be located on an unspoiled 35-acre beachfront site on the scenic south western shore of the island. This secluded hideaway will offer unparalleled opportunities for exceptional home ownership as well as an array of luxurious leisure experiences such as a 9-hole golf course, tennis and water sports center. Ambergris Cay: home to Turks & Caicos Sporting Club, is an 1,100 –acre private residential island at the southeastern end of the Caicos Bank that has been under private ownership since 1811. With eight miles of waterfront, the private island is nearly 3.3 miles long by 1.5 miles wide and rises to 96 feet. More than 65 percent of Ambergris Cay is preserved to maintain its archaeological ruins and natural landscape. Turks & Caicos Sporting Club offers distinguished homesites, as well as first-rate amenities including the recently opened 5,700 foot private airstrip at Harold Charles International Airport, the longest private airstrip in the Caribbean.]]> The West Bay Club, a luxury boutique resort on world-famous Grace Bay Beach in the Turks and Caicos Islands, today announced a series of promotions and incentive packages for Fall 2009, Christmas, and 2010. The specials include free room nights, romantic escapes, and a chance to join in the fun of the world’s only Conch Festival. The great deals begin in September with a special Fall Romance Package. For a one-time price of $2009, couples can enjoy a four-night stay in a luxury, oceanfront one-bedroom suite with floor-to-ceiling windows that enhance the panoramic view. Along with these delightful accommodations, guests will enjoy a romantic three-course dinner on the beach, and breakfast and lunch included throughout the stay. The package includes airport transfers, taxes and service charges and is available for reservations from September 1-27, 2009. If that doesn't make you book a trip, in the Fall the club is offering a Thanksgiving weekend package. For Christmas, they will give discounts up to 15% for pre-booking. The free night for stays of 3 nights or more has been extended through February, 2010. West Bay Club is an intimate luxury resort located directly on Grace Bay Beach in the Turks and Caicos Islands. It features a range of suites types, up to three-bedroom penthouses, with breathtaking views of the famous white sands and aquamarine waters of Turks and Caicos. Read about the specials at Earth Times, and visit the WestBayClub for reservations.]]> RISMedia, Coldwell Banker Real Estate LLC announced the launch of the first-ever international home search application for iPhoneTM and AndroidTM-powered devices. The Coldwell Banker Real Estate mobile application enables users to easily search for property listings and recent home sales in 28 countries in North America, Europe, Central America, Caribbean, Australia and South America. The results of these searches as well as the search itself can be saved in a personalized ‘My Coldwell Banker’ account newly created from the user’s smartphone or added to an existing account with coldwellbanker.com by logging into the site directly from the handheld device. Unique to the Coldwell Banker application, searches that are saved to an app-created ‘My Coldwell Banker’ account will automatically generate notifications of new properties and open houses, alerting the user to updated results right on the device’s homepage. “While the desktop computer remains a proven screen, Coldwell Banker recognizes that today’s technologically-savvy consumers are also using smartphones to access information on-the-go,” said Michael Fischer, senior vice president of marketing for Coldwell Banker Real Estate LLC. “We are committed to improving the consumer experience and will continue to introduce innovative technology such as this mobile application to provide our customers with up-to-date home data the moment they want it and to wherever they may be.” Contact any of our Coldwell Banker affiliate offices in the Caribbean for your real estate needs.]]> Three Cays Villa is available from $4500 USD per week - this oceanfront 4 bedroom villa is located in Turtle Tail, Providenciales Turks & Caicos. The main villa features 3 bedrooms and 4000 sq ft of indoor outdoor living space. There is a separate one bedroom guest house with its own bathroom and laundry. Sitting on 165 feet of oceanfront, this property is just under 1 acre in size and offers plenty of privacy for those clients wanting a peaceful vacation in Turks & Caicos Islands. Three Little Cays villa features electric gates and is a walled property - daily maid service is provided each morning and is complimentary. August - mid December 09 rates start at $4500 USD per week, there is a 10% accommodation tax which will be added. When booking a vacation home you avoid the 10% hotel tax. To view this magnificent oceanfront property visit our website at www.coldwellbankertci.com, RENT tab, Vacation Villas - Three Little Cays. ]]> RISMedia, "Below are some key highlights from the Coldwell Banker Real Estate study: Women may be inclined to make up their mind more quickly than men. -When asked how long it took before they knew their home was “right” for them, almost 70% of women had made up their mind the day they walked into the house, vs. 62% of men. Conversely, significantly more men needed two or more visits: (32% of men vs. 23% of women). Women would rather live closer to their extended family than to their job.-55 percent of women find it more important to be closer to their extended family (those that do not live in their household) than to their job, compared to only 37% of men. A home’s security is a deal-breaker for both men and women. -64 percent of women said that if they found the home of their dreams but had concerns about its security, they would no longer be interested. More than half of men agreed (51%). Couples say that no one “wears the pants in the relationship” in terms of major financial decisions.-When asked who wears the pants in the relationship (when it comes to major financial decisions, such as purchasing a home), almost 70% of respondents living with their significant other said it’s actually mutual. -However, 23% think that they, themselves, wear the pants in the relationship, not their partner. More men than women said this (26% vs. 20%, respectively). Men and women agree on how they would use a spare room, for the most part. When the respondents were asked how they would use an extra 12 x 12 room if it could be anything they wanted, men and women agreed on the top three most popular, and very practical, responses: -Bedroom: 25% -Office/Study: 15% -Family Room / Den: 11% However, men really do want a “Man Cave.”-Interestingly, out of the 8% who indicated they would turn that spare room into an entertainment center, it was a preponderance of men leading the charge. In fact, four times as many men as women said they would use the extra space for recreation / entertainment." According to Patton, “These results further validate how critical it is for couples to recognize each other’s differences and work together, from picking a neighborhood to how to use a spare room,” she said. “Online tools and the expertise of a real estate professional can be particularly helpful for couples, especially if they work together step-by-step along the way.” Contact your local Coldwell Banker agent or office for expert real estate information. ]]> The new Go-To Resort in Provo is now the Ganesvoort, according to Times of the Islands. "Ganesvoort is a growing group of upscale, contemporary lifestyle hotels that attract a loyal and passionate following. With established locations in New York City and Miami Beach, the Turks & Caicos became the next logical stop for a Caribbean get-away. From the resort’s opening in March, 2009, celebrity sightings have been abundant, with the intimate property and relaxed atmosphere allowing most to feel comfortable enough to mingle with guests. The resort and its Exhale spa have already received Condé Nast Johansens recommendations. And when New York’s “happening” BAGATELLE and The ONE Group opened the Bagatelle Bistrot & Beach Club here, it brought another huge following to experience the Provo interpretation of their signature vibrant and playful atmosphere. "From your first step onto the Gansevoort property, you’ll feel the vibe of Caribbean “cool” and chic style. The resort’s exterior presents a sleek, modern architecture combining white native stone, clean lines, geometric designs, accents of light wood and a predominance of glass. The lobby entrance features a shimmering waterfall wall and the rhythm-rich tones of jazzy world music bring a background beat to your stay. "The resort’s social signature is its 7,000 sq. ft. infinity-edge, mosaic tiled pool, with unique palm-shaded “floating islands” for sunbathing and intimate dining. Enticing from any seat in this centerpiece is a view of the aqua seas and sugar sands of Grace Bay Beach, just beyond the pool’s end. Ultra-comfortable lounge beds beckon on the expansive pool deck, complete with a hot tub, dining oasis and natural cooling by the gentle trade winds. "There are still condominiums for sale in a variety of sizes. Most offer lock-out studios that can be rented even if you are using your unit; units can often be combined into larger spaces as well. The multi-branded, professionally managed, Preferred® Hotels & Resorts property taps into a steady stream of travelers eager to experience the Ganesvoort’s signature approach to luxury lifestyle, helping to reap a higher return on investment." Contact a Coldwell Banker agent in our Turks and Caicos office for more information on a real estate purchase in the Ganesvoort. Read more about the resort at Times of the Islands and Ganesvoort Turks and Caicos. ]]> post on investing in the Turks and Caicos Islands. He states that real estate in Turks and Caicos is an investment in lifestyle as well as an appreciable asset. "The Turks and Caicos Islands are known as “The Beautiful by Nature” Islands. These small English-speaking islands are found just 100 miles from Dominican Republic at the bottom of the Bahamas. They consist of 40 islands, eight of which are inhabited. About 350 days a year of sunshine is enjoyed by this little nation with temperatures ranging from 75 degrees F in the winter up to 95 degrees F sin the summer months. "Although the tax haven status of the Turks and Caicos has in the past helped to increase growth in these islands, it is now its popularity as a sun destination that is making this little nation one of the fast growing countries in the world. Getting here is so easy. Regular flights arrive daily from many cities around the world to our International Airport in Provo. "Over the last 10 years, we have seen rapid growth, development and infrastructure improvement in these islands. This has led to Turks and Caicos having an extremely strong real estate market with accelerating prices. Known for attracting celebrities to these Islands, are the very elegant Turks and Caicos beachfront condos, residences, villas and spas along Grace Bay beach in Providenciales." Read the full post at the Real Estate Rounds. ]]> Provo Golf and Country Club, the only golf course in the Turks and Caicos Islands, is delighted to announce that it has partnered with its’ sister hotels the Regent Grand Resort and Spa and the Villa Renaissance to offer free golf to guests staying in those resorts. A round of 18 holes at Provo Golf Club in Providenciales, currently runs at $160. In real terms a guest staying at either The Regent Grand Resort or Villa Renaissance and playing golf for 5 days, see a reduction in their vacation expenses of $800! This Free Golf deal is also combinable with all other offers that the resorts are currently offering, including the free nights, airport transfers and continental breakfast. This decision comes after a very successful first year of operation for the Regent Grand Resort, and following the presentation for the second year in succession of the TripAdvisor® Travelers' Choice® Award for the Villa Renaissance. (resource: Live-PR) ]]> Vacation Villa rentals in the Turks & Caicos Islands are typically ocean or beachfront homes that provide a more private vacation experience than the hotel or all-inclusive resorts. For singles, couples or families considering a relaxing tropical vacation this winter - renting a private villa in the TCI may be just the holiday you've been waiting for. Coldwell Banker Real Estate Turks & Caicos has recently added 12 new properties to their vacation rental portfolio. Several of these villas are located on the quiet, south side of Providenciales. Chalk Sound, Taylor Bay (Sunset Bay) and Silly Creek are just a few of the neighbourhoods that feature these homes. With prices from a low $2400 USD per week (plus the 10% accomodation tax) these properties offer great value for guests booking at non-peak times during the fall and winter months. Two properties, namely Ponte Del Sogno and Villa Osprey, are located in Silly Creek on the same street as the multi-million dollar Emerald Cay Private Island 4 acre Estate. These homes are both oceanfront homes set on large lots offering spectacular indoor and outdoor living areas. Plenty of room for guests to enjoy board games, tv or a pre-dinner cocktail at the poolside cabana, have an afternoon nap in the hammock off the private master bedroom, or gather everyone together for a casual lunch under the Tiki-Hut located beside the childrens pool. With a concierge program available through your Coldwell Banker Vacation Rental Specialist you may also arrange for pre-stocking of groceries, a diving or deep-sea fishing charter, a tee time at Provo Golf Club, babysitting services for evenings when you'd like to dine out at a local restaurant, or ask us to arrange for your own private Chef to prepare and serve meals at the villa during your stay. Crystal Sands is a child-friendly residence located on Sapodilla Beach - one of the best spots to observe the glow worms. Villa Lynda is a recently constructed beachfront four bedroom home that features a covered Tiki-Hut for outdoor dining and a spectacular pool. Bahia Mar sits on a large beachfront lot on 1/2 mile sandy Taylor Bay Beach on the quiet south side of the island. Fall and winter rates range from $2400 to $11,700 USD per week (no hotel or resort tax). Contact a Coldwell Banker Vacation Rental Specialist for details on our portfolio of properties, visit www.coldwellbankertci.com, click on the "Rental" tab in the search box, select Vacation Rental and you are on your way. ]]> Private Co-Ownership on the right side bar. For many people, the idea of owning a home in Turks & Caicos remains just a dream. People often worry they wouldn't use their home often enough to justify the investment or they don't want to be an absentee landlord. An intriguing new concept in real estate is changing all that. Fractional Ownership is rapidly growing in popularity as an alternative to sole ownership of vacation homes. Coldwell Banker Real Estate Turks & Caicos is pleased to introduce Private Co-Ownership in Turks & Caicos, an exclusive type of Fractional Ownership that not only provides great vacations, but also offers a sound investment. It is a personal and intimate alternative to traditional Fractional Ownership and other forms of "shared ownership." ]]> construction blog.]]> J.D Power and Associates 2009 Home Buyer/Seller study. The study measured customer satisfaction with the largest national real estate companies. The most significant factor was the buyer/seller experience with the practitioner (47%). Other factors included overall experience with the office (28%) and satisfaction with special services offered, like referrals to inspectors and lawyers (25%). Home sellers also rated marketing. Among the related findings: * Home sellers report that, on average, 3.2 open houses were conducted for their property in 2009, compared with 4.5 in 2008. * Approximately 64 percent of home sellers used a Web site listing to market their home in 2009, up from 61 percent in 2008. For both buyers and sellers, the agent was still the most important driver of overall satisfaction. However, the importance of agents declined substantially from 2008, while the importance of additional services increased considerably -- by 12 percentage points among buyers and 8 percentage points among sellers. In addition, actual usage of many of these services decreased from 2008. Coldwell Banker Island Affiliates will meet and exceed your expections of real estate service. Stop by and see what we do so well.]]> Turks and Caicos will host the 38th annual Provo Summer Festival starting Wednesday, July 29 through Aug. 1. The Provo Summer Festival Committee always showcases the culture and talent of our islands. Claudine Ewing, Director of the Provo Summer Festival Committee, said, "Our line-up of local and international artists are a fitting blend with the local traditions and customs known to the island.” This year's Provo Summer Festival will replace the Annual Turks and Caicos Music and Cultural Festival, which is usually scheduled for the same weekend but has been deferred. “While the Turks and Caicos Music and Cultural Festival (TCMCF) has grown over the past 5 years to be one of the most popular and recognized events within the region, the current economic downturn has forced us to postpone this year's festival," explained Honorable Wayne Garland, Minister of Tourism for the Turks and Caicos. "With that said we give the Provo Summer Festival our full support and encourage residents and those traveling to the islands for the annual Music and Cultural Festival to come and enjoy the Provo Summer Festival just the same.” Visit Turks and Caicos Tourism for a schedule of events, and our local Coldwell Banker office when you are here to discuss real estate opportunities. ]]> The Salt Cay weekend promises to be filled with fun great entertainment. Here are some the events for Saturday: Saturday-July 25: 6 AM-4 PM Fishing Tournament: Prizes for Boat & Shore Fishermen From 10 AM Soccer, Softball, Volleyball Games: Sports Field 4-6 PM Dominos Tournament w/Fantastic Prizes Darts & Table Tennis: Salt Shed 6-7 PM Awards Ceremony: Salt Shed 8 PM-? Tropical All Star Band (Shocking Vibes): Salt Shed All Day Events: Bouncy Castle, Sponge Bob & Dora, Face Painting, Pinata: Sports Field Rake n Scrape Band: Sports Field Visit Porter's Island Thyme blog for Sunday's schedule. From PlanetWare, "At one time the world's largest producer of salt, historic Salt Cay a 2.5sq.mi/6.5sq.km island was the center of the Bermudian salt industry, the mainstay of the Turks and Caicos economy from the late 1600's until the early 1960's. "Declared a World Heritage Site by UNESCO, Salt Cay is a time capsule from the days "when Salt was king". Donkeys, wild cattle and iguanas far outnumber the 125 human inhabitants." Additonal information on Salt Cay Homecoming is available from Carolyn Dickenson, District Commissioner-Salt Cay: e-mail: destiny122@hotmail.com or phone: 649-243-0250. ]]> Paint – Perhaps the most effective of all pre-sale repairs, a simple coat of paint to the exterior, doors, windows, and trim can make your home appear well cared for and in good condition. When painting the exterior of the home, you may also want to consider if new door knobs and other hardware could boost the appearance of your home. If you don’t replace any of the metal on the exterior of your home, polishing brass hardware and cleaning or painting iron fences can also give your home a fresh look. •Lawn – There are a number of landscaping tricks that may improve the curb appeal of your home. First, the lawn should be mowed, raked and edged. Next, try to thoroughly weed all planter boxes, trim larger plants and include some extra flowers near the front of the house. If any large trees hang over your home or obscure the view from the street, you may want to cut away some large branches. You may also want to consider investing some extra money into landscaping by hiring professionals to make your front yard as attractive as possible. •Windows and Gutters – Much like the fresh paint applied to the exterior, taking time to clean the windows can certainly change the appearance of your home. Likewise, try to keep your rain gutters free of leaves and debris as you never know where a potential homebuyer might look. •Driveway – If you have an old, cracked driveway, hiring a professional to reseal the surface can add to your home’s curb appeal. If the driveway rests in direct sight in front of the home, this step can become even more important. If you have off-street parking without a carport or garage, make sure the area is clean and tidy (see Lawn above). •Lighting – As potential homebuyers could drive by your property at any time, you want to make sure your home is inviting at night. By installing outside lighting - even a front porch light – you will dramatically boost your home’s 24/7 curb appeal. If you anticipate potential homebuyers coming onto the property after dark, calm lighting that lines the driveway and path to the front door can put your visitors at ease. •Pressure Clean – This process can be applied to both the exterior of the home and the driveway. Just one treatment can eliminate years of dirt, mold and mildew from your property. If you need to improve the curb appeal of your home before putting it up for sale, the best tool could be your ability to think like a buyer. By repairing or minimizing your property’s flaws and drawing attention to key selling points, you may be surprised by the responses you receive from potential homebuyers. Contact your local Coldwell Banker agent for specific suggestions on how to Improve Curb Appeal to Sell Your Home. ]]> The West Bay Club, one of the premier luxury boutique resorts on the world-famous Grace Bay Beach in Providenciales, Turks and Caicos Islands, today announced two promotions that make enjoying the beauty and tranquillity of this Caribbean island easier and more affordable. West Bay Club is encouraging Christmas travellers to book early with discounts of up to 20% for pre-booking this summer. Discounts apply to reservations made before September 30 for stays from December 21 to January 2, 2010. In addition, the resort is reaching out to sun seekers looking for an affordable Fall escape, with free night offers on stays of three nights or longer, as well as resort credits at its restaurant, spa and selected water sport activities. These discounted rates apply from now until December 20, 2009. Anchored on the peaceful, western end of Turks and Caicos’ most famous attraction, Grace Bay Beach, West Bay Club features luxuriously-appointed ocean front suites amidst luscious landscaping. The 50-unit property has accommodations that range from affordable studio style rooms to deluxe three or four bedroom penthouses. Most suites feature full kitchens, spacious living areas, and ample terraces designed to enjoy the direct ocean front location. Read more about Fall Specials and Christmas Savings at BusinessWire.com. West Bay Club is an intimate luxury boutique resort located directly on Grace Bay Beach in the Turks and Caicos Islands. It features a range of suites types, up to four-bedroom penthouses, with breathtaking views of the famous white sands and aquamarine waters of Turks and Caicos. The family-friendly resort offers a full complement of amenities and activities, and is ideal for any type of island getaway, including group events, weddings and corporate outings. West Bay Club is operated by DPS Management, renowned for its Sporting Club resorts, including The Turks and Caicos Sporting Club on Ambergris Cay where West Bay Club guests can inquire about an exclusive tour of this private island located a short 15-minute flight from Providenciales. For information and reservations: www.thewestbayclub.com or 1-888-701-0079. ]]> Be a Real Estate Investor - 10 Important Secrets When it comes to investing, everybody has certain goals and aspirations. However, we have found that there are certain guidelines every aspiring real estate investor needs to know: 1. Compare Property Values and Rents Financial statistics only go so far; the best measure of a property's market value is often the sale prices of nearby properties. The same holds true for area rents. A low price can often be justified by a reasonable rent; renters who can afford a high rent can afford to buy instead, so reasonably priced rent is a need. 2. Be Careful - Tax Laws May Change Don't base your tax investment on current tax laws. The tax code is constantly changing, and a good investment is a good investment regardless of the tax code. The right property with the right financing is what you should look for as an investor. 3. Specialize In Something You Know Start in a market segment you know. Whether you focus on fixer-uppers, foreclosures, starter homes, low-down payment properties, condominiums, or small apartment buildings, you'll benefit from experience by specializing in one aspect of investment real estate properties. 4. Know The Costs Going In Know the financial statements inside out. What are operating expenses? What are loan payments? Vacancy costs? Taxes? What does the cash flow statement look like? These are key issues that must be addressed before making a solid investment. 5. Know Where Your Tenants Are Coming From If the last rent increase was recent, your tenants may be considering a move. If tenants have a short-term lease, they may be living there simply to attract unsuspecting buyers. It is also important to collect the tenants' security deposits at closing. 6. Assess The Tax Situation Taxes are an integral part of successful real estate investing, and they often make the difference between a positive cash flow and a negative one. Know the tax situation, and see how it can be manipulated to your advantage. It may be a good idea to consult a tax advisor. 7. Investigate Insurance Coverage If seller's coverage is based on lower-than-current replacement value, your insurance cost may increase when you pay a higher purchase price. 8. Confirm Utility Costs Ask the local utilities to verify recent utility expenses, especially if any of these costs are included in your tenant's rent. 9. Consult Your Accountant Taxation is a key element of successful real estate investing, so be sure to find an accountant who is well-versed with the constantly evolving tax code. 10. Inspect Make sure that you always perform a thorough inspection of the property before buying it. Never, ever buy any property without at least examining the site. In some cases, hiring professional inspectors to examine the structural mechanical system may be a sound investment. ]]> web site and you'll be ready to contact a Coldwell Banker agent about buying opportunities.]]> Props At its most simple, home staging is about setting the right mood for prospective buyers. By decorating and arranging a home’s interior to present an ideal way of life, buyers are assisted in visualizing themselves in your home. Whether you undertake the process of staging your own home or decide to consult a professional, there are a number of different “props” that may be used around the home. For example, to add a vibrant sense of life to the home, many home staging professionals recommend using different types of potted plants and arrangements of flowers and fruit. Throughout the home, they tend to utilize soft, luxurious fabrics – such as satin, lamb’s wool and silk – to create an atmosphere of comfort. This process can also extend to the exterior of the property, where patio furniture can be added in the backyard and colorful flowers or unique accessories outside the front door. Visual Suggestions Many home staging professionals come from interior design or art-related backgrounds. Hence, when working on staging a home for sale, these professionals utilize a number of visual tricks to capture the attention of potential buyers. For instance, furniture is always arranged very carefully to simulate the ideal living space. In living rooms, home staging professionals often use loveseats and ottomans in lieu of large couches to create the illusion of added space. Likewise, mirrors are often placed throughout a staged home to make the living area seem larger to potential buyers. In areas where you hope to focus a buyer’s attention – like a remodeled kitchen – staging professionals can place unique artwork or accessories to catch the eye. Don’t get Personal One of the most important steps in home staging is the exchange of your personal decorations with more neutral furnishings. Beyond replacing family pictures with more design-friendly items, a successful home staging will attempt to eliminate any idiosyncratic tastes and represent a living space that has broad appeal. Though this process may feel like a slight on your family’s home, you should hardly take offense. This commonly used tactic simply helps potential buyers view the property not as someone else’s home, but as something they can call their own. Most real estate experts claim that home staging is especially important when the home is empty. Without any furniture or amenities, even a home for sale in the most attractive area can make potential buyers feel uncomfortable. If you are trying to sell your home and have already moved out, you may want to consider working with your Coldwell Banker agent to stage the home’s interior. With the assistance of your agent and a home staging professional, you could quickly transform a lifeless house into dream home. Put it All Together In the end, home staging is about making the most of your home’s potential. If the staging of your home is completed effectively, it is also possible that your home may receive better offers from potential buyers and spend less time on the market. By minimizing the flaws of your home and making the living area seem larger, brighter and more appealing, home staging may be one of the most important steps in selling your home quickly and at the right price. ]]> WestJet Airlines Ltd. announced what it calls its largest seasonal non-stop flight schedule. The Calgary-based airline will this fall start flying to a record eight new international destinations and three additional U. S. destinations for the winter of 2009-2010. WestJet and WestJet Vacations will launch seasonal non-stop service to Varadero, Holguin and Cayo Coco, Cuba; Ixtapa and Cozumel, Mexico; St. Martin;Providenciales, Turks and Caicos; Freeport, Bahamas; Lihue (Kauai), Hawaii; Miami,;and Atlantic City, N. J. Chris Avery, WestJet's VP of revenue and planning, said, ""We're still in the early growth stages of our expansion into the Caribbean and into Mexico," where WestJet has less than 10 per cent market share. He continued, "We feel there's good growth opportunities for us to increase our share profitably into the Caribbean and Mexico." Service to Turks and Caicos starts Nov. 4, 2009. Read more at VancouverSun. ]]> TurksandCaicos.tc) July 2-Aug 26: Summer Adventure Camp, Grace Bay Club, Providenciales. call Morgan @ 241-8583. July 2-10: Provo Primary Summer Camp, Providenciales. July: Youth Camp 2009, Providenciales. Contact Mr. Nixon Dickenson- Acting National Youth Director on 946-2801 ext:40610 or 242-6981. July: Glow Worms, All Islands. Check with local tour operators. July: The Premier's Cup 2009, Provo Golf Club. July 13-18: National Trust Summer Camp, Providenciales. Contact Ethlyn Gibbs-Williams (Executive Director) at 231-1172 or Jona Than-Sayao (Public Relation Officer) at 941-5710. July 30-Aug 2: 6th Annual Turks & Caicos Music & Cultural Festival, Providenciales. Eight days of world class performances and non-stop entertainment. For schedule of events: Tel: 649-946-2321, Email: tci.tourism@tciway.tc. If you are here as a visitor in July, be sure and enjoy these activities with us. ]]> Realtor.org) ]]> Debbra Brouillette, Dallas Tropical Travel Examiner, is writing a series on "What does your ideal island vacation look like?" In Part III, she compares sand, ocean, and beaches of the various islands in the Caribbean. At the top of her list of 10 Best Beaches is Grace Bay Beach, Providenciales, Turks and Caicos, for white sand and calm waters. The Sand White, off-white, light tan or pink sand is found on beaches in the “flat, desert-like” or “somewhere in between” categories found on Turks and Caicos. She explains, "The sand itself ranges from fine to powdery and is created by parrotfish who use their beaks to scrape off coral rock. They then digest algae and expel it as fine, white sand. White or light sand beaches are softer underfoot." In her footnote, she describes "white” sand color as subjective. While there are many shades of “white sand,” like the white paint colors you have to choose from for the walls in your home, there are many shades of white-sand beaches as well. The Ocean Broullette writes, "The color of the ocean water will also change, according to several factors, including the sky conditions (a clear blue sky versus a cloudy day), water depth (light reflected from the sand in shallow water appears to be a lighter color than in deeper water), substances in the water or at its bottom (sand, seaweed), and the sun’s angle (ocean looks darker at noontime due to less light being reflected from the surface, bottom, and interior of the water). The ocean water on white or light sand beaches will appear to be lighter, usually appearing as shades of aqua and turquoise; while on beaches with darker sand, the ocean water often appears to be darker shades of royal or sapphire blue." Windward vs Leeward All islands have a windward side (think more wind, more waves) and a leeward side (less wind, calmer waters). If you plan to stay at a resort on the islands, check whether it is on the leeward or windward side. Most are located on the leeward, calmer sides. Read her full beach post in the Examiner.com. ]]> Wall Street Journal and New York Times. Attending the conference were 22 Brokers and Managers from many of the island countries of the Atlantic and Caribbean. Also in attendance was Jim Gillespie, President & CEO of Coldwell Banker Real Estate Corporation and Beth Makatura, VP & Director of International Services. The meeting was hosted by Coldwell Banker Real Estate St. Maarten & Coldwell Banker Caraibe. Check back often to our Turks and Caicos Coldwell Banker site and watch for the latest in technology to be available for your use.]]> Emily Talbot, of Examiner.com, rated Shambhala at Parrot Cay as one of the top spas in the world, in her series of best spas around the globe. The exclusive resort is located in the British West Indies on a 1,000-acre private island in the Turks & Caicos chain. About an hour and a half flight from Miami, celebrity guests frequent this hideaway. There is an assortment of accommodations ranging from a choice of rooms, beach houses and villas. The 60 accommodations are “Island styled” with pale bleach pine floors, white washed walls, four-poster beds, white terracotta tile roofs and white railed verandas. Read details at Ms. Talbot's post in Examiner.com.]]> We'd like to invite all dog owners and their dogs to Turtle Cove Marina (under the tent) from 12 noon until 4pm Saturday June 27th for the 2009 TCSPCA Annual Dog Show. The goal of the TCSPCA is to ensure that every animal in the Turks & Caicos is owned and cared for and is free from abuse. Some of the ongoing projects of the TCSPCA (Turks & Caicos Society for the Prevention of Cruelty to Animals) are: - Spay/Neuter program, two days per week their volunteers go into the communities to pick up animals for surgery and return them to their owners. Each animal receives a free rabies and distemper vaccination, a vaccination certificate, a collar and a name tag. Responsible pet ownership is discussed with the family and they are left with a pet care brochure. - Education, at least once a year they visit every Turks & Caicos Island school to talk about responsible pet ownership. Their costumed mascot "Lucky, the Potcake" accompanies them to show children how to handle and care for dogs. - Animal Control, the TCSPCA works closely with the Turks & Caicos Islands government to develop a comprehensive Animal control & Welfare plan for the country. - Animal Rescue, all animals in distress are rescued and placed with volunteers to recuperate. The Association works in conjunction with the Turks & Caicos Fire and Rescue Service and individuals with specialized rescue skills. - Foster and Adoption, fostering is done in private homes by volunteers. The program is limited to 10 animals at any one time. The Association is always looking for families to adopt animals. If you would like to adopt a Potcake or animal from the TCSPCA please contact them at 649-941-8846 or 649-231-3052, email address is tcspca@tciway.tc, website is www.tcspca.tc. We hope to see you Saturday, June 27th at noon under the tent at Turtle Cove Marina for the 2009 Dog Show.....food and drinks, raffle, kids games and of course the dog show itself. This article is provided by Coldwell Banker Real Estate Turks & Caicos. Coldwell Banker - we never stop moving.]]> From a Cincinnati Travel Examiner comes a blog post about the unexpected beauty of the little known Turks and Caicos Islands. Rebecca Bogen came on a Carnival cruise, when the stop had first been added to the itinerary. She suggests you book a trip as soon as possible, before the islands are discovered. She explains, "This summer do not just think about the mainstay travel locations such as Mexico or the Bahamas. Instead turn your attention to a lesser known island group known as the Turks and Caicos. "This is a beautiful archipelago situated in the Eastern Caribbean. It is starting to become popular with cruise ships but has been a jumper from Jamaica for years. The main island in the group is Grand Turk. "When you first venture away from the port, you will come across the ocean front which the locals call Governor's Beach. It is a beautiful spot with white, sandy shorelines and many marine creatures that come up right to where you are standing. "If you venture inward on a tour, I suggest going by 4X4 jeep. The experience through the salt flats into the semi-mountainous terrain is well worth the trip. From the 90 foot hill, the view is spectacular. The gorgeous sea is visible from the green vegetation of the hilltop, and you can see the other islands in the group. Just that view made the visit worthwhile." Read Ms. Bogen's blog at Examiner.com, and consider a trip to visit our beautiful islands. ]]> Make a detailed checklist It can be difficult to keep track of all the tasks associated with moving. Try to organize your days leading up to and beyond moving day. If you have a reminder of what needs to be done and where you need to be, you are more likely to have a smooth moving day. Prepare for day 1 Prior to packing all of your boxes, you may want to assemble one box of necessities for the whole family. As most families finish unpacking their trucks late in the evening, there is often little desire to open several boxes to find pillows and toothbrushes. To prevent a stressful first night in your new home, try to place anything your family might need in the first 24 hours in a separate box, mark it clearly and keep it accessible during moving. Also, if you have any valuable or irreplaceable items – such as jewelry and personal keepsakes – you should try to wrap the items well and keep them with you while moving. To help with your checklist, you should try to include all of the following items in your day 1 box: • Personal toiletries • Soap • Toilet paper • Snacks and drinks • Flashlight • Screwdriver • Pliers • Set of plastic plates and cutlery • Paper towels or tissue Pack manageable boxes Unless you have lots of large, lightweight items – such as down comforters and blankets – you shouldn’t need too many oversized boxes. Oversized moving materials often force homeowners into packing boxes that are too heavy and unmanageable. Instead, try to find plenty of midsized boxes and distribute weight evenly. Furthermore, if you are moving yourself, make sure you have all the necessary materials on hand before packing, including bubble wrap or packing peanuts for fragile items. Label every box When packing your boxes, try not to place items for different rooms in the same box. After sealing up each box, simply mark which room the items belong in. When you arrive at your new home, you will be able to take each box to its rightful place and each family member can spend time organizing their own space. De-clutter as you go As you prepare to move out of your home, try to organize your belongings and set aside unwanted items. After unpacking in your new home, you will be happy having more space and fewer items to arrange. Before moving out, you can hold a yard sale or make a charitable donation to get rid of your unwanted belongings. Get the family involved If you have children, help them get excited about moving. With something to look forward to – like the chance to decorate a new bedroom – children often get more involved in the moving process. Also, you may want to ask your friends and family for help on moving day. Even if no one is able to move furniture with you, a family member could watch your pet for the day or take care of errands. Though moving day can be a very overwhelming time for families, proper organization can make help turn that stress into excitement. If you follow your timeline leading up to moving day, you and your family will have no problem approaching the big move with confidence. ]]> www.gracewaygourmet.com ]]> RisMedia.]]> Bottled Water - one gallon per person for 72 hours Flashlights with extra Batteries - candles can pose a serious fire hazard should there be propane or gas leaks in the area Supply of Nonperishable Food Items - protein bars, canned goods (don't forget a can opener!), dried or prepackaged energy food Medicine - 30 day supply stored in plastic waterproof containers, clearly marked and kept in a zip-lock bag Eyeglasses Proper Footwear and Protective Clothing for post-hurricane Portable Radio and extra Batteries Important Documents - drivers license, passport, notes of allergies, important contact numbers, insurance documents, extra cash, ATM and bank/credit cards Generator - ensure filled with propane/gas and in good working order Insurance Coverage for yourself and family, home, boat and vehicles - ensure it's current and up to date plus note contact information should you need to make a claim or contact your provider in case of injury Know how to shut off electricity, gas and water if so advised by authorities Action or Evacuation Plan - hotel, friend's home or shelter, evacuation plan if residing on an island or coastal areas that are remote or vulnerable to storm surge Let Friends and Family Know how to contact you and where you plan to be, forward land lines to cell phones Text Message rather than voice mail, uses less battery time and communication is faster Cell Phone and charger, car charger, extra batteries Care and Plan for your Pets Safety- food, water, medicine, bowls, plastic bags, collar with your name and contact info, extra leash, pet crate for transporting, name and number of vet and copies of vaccinations, photo, favorite toy or blanket Secure Hurricane Shutters or board your home securely, move all outside items to basement or inside storage, flying debris and items can cause tremendous damage to your home, vehicles and neighbourhood Car, keep gas tank full - especially important if you live in a remote place or on an island where supplies may be limited or cut-off after a storm Know Where to get Information on Storm Conditions - local radio station, tv station, website or through the internet on your cell phone Secure Your Boat - consider turning off the EPIRB (Emergency Position Indicating Radio Beacon) if your boat is docked, secured and unoccupied. When boats with this system start to sink or capsize a signal via a satellite is sent to the nearest emergency satellite call center. These centers need to maintain clear and unjammed communication lines for satellite phones and emergency personnel during a hurricane The National Hurricane Center released the following names for 2009 hurricanes... Ana Bill Claudette Danny Erika Fred Grace Henri Ida Joaquin Kate Larry Mindy Nicholas Odette Peter Rose Sam Teresa Victor Wanda What is a storm surge? For those residents living on the coast or in the islands a storm surge is something we are always concerned about. Storm surge is water that's pushed toward the shore by winds swirling around the storm. Recent hurricanes have produced storm surges in the neighbourhood of 15 feet, combined with winds in excess of 75 miles per hour this can be very dangerous. Water weighs approximately 1700 pounds per cubic yard - extended pounding by frequent waves can demolish structures not specifically designed to withstand these forces. Please be prepared and have a plan, review it on a yearly basis. If you are an absentee homeowner arrange for someone to secure the premises in your absence, neighbour, friend, property management company. For more information on how to prepare for a hurricane please visit the National Hurricane Centers website: www.nhc.noaa.gov Information provided courtesy of Coldwell Banker Real Estate Turks & Caicos www.coldwellbankertci.com ]]> The O'So Happy Hour - O'Soleil Restaurant At The Somerset Resort on Grace Bay, join friends and family on Fridays 6-9pm for live music and drink specials at The Pearl Lounge and Zen Garden. Make a night of it and stay for dinner at O'Soleil. O'Soleil Sunset Clam Bake - Tuesdays on the beach infront of The Somerset Resort, live music and a Beach Clam Bake. Based on the New England tradition, they prepare a special sand fire pit that steam cooks mouth watering Clams with a Caribbean twist, 5:30 - 7:30pm $32 per person, cash bar. Horse-Eye Jack's Bar & Grill Happy Hour Daily from 5-7pm, Fish Fry Wednesday's - Fried Fish, Baked Macaroni, Corn on the Cob, DJ Cliff Mojito Friday's - $5.00 all day BBQ Buffet Saturday's - BBQ Chicken & Ribs, All you can eat for $28 (kids half price) Buffet Brunch Sunday's & Live Music with dinner - $23 per person (kids half price) Bay Bistro - Sibonne Beach Hotel Feast On The Full Moon - Sunday June 7th, on the beach between the Sands and the Somerset, Pig Roast, chili shrimp, jerk chicken, selection of salads, corn on the cob, $40 per person, $20 for kids, starts at 6:30pm, bonfire and music Nikki Beach Resort - Amazing Sunday Brunch Enjoy Brunch at Nikki beach (all you can drink Mimosas) for $49 per person and stay for the spectacular Sunday Pool Party. Also enjoy Nikki Style Fashion shows presenting a different local boutique one Sunday each month. West Bay Club - Atlantic Bar & Grill Provo's latest restaurant addition invites you to enjoy their outdoor living area and dine under the stars, enjoy dinner from 6-10 pm (closed Tues and Wed evenings) or enjoy a cocktail from the Atlantic Bar open 10am to "late"... Whatever your budget, taste or mood - Provo has a restaurant just for you. Provided courtesy of Coldwell Banker Real Estate Turks & Caicos www.coldwellbankertci.com]]> Remodeling Magazine, improving the quality of a kitchen — whether upgrading appliances, changing the layout, counters and cabinetry, or simply painting and swapping out drawer pulls — provides the highest ROI of any remodel project. Also, remodeling or adding a bathroom is a proven way to increase house value. 3) Before you purchase a house with the intention of remodeling and raising the home value, be sure to investigate the zoning restrictions and environmental regulations. Many older homes come with zoning restrictions, including pre-determined setbacks from property lines, limits on roof height, etc. If the home is on a municipal historic register, regulations will likely be even more stringent in order to preserve the house’s historic character. If the home you are buying is in an environmentally sensitive area — adjacent to wetlands or protected open space, for example — or contains a significant natural resource, additional regulations may limit your remodel plans. Such regulations can impede on house size, paving, grading soil, cutting down trees and removing native plants. 4) Your real estate agent can help you determine zoning and environmental regulations and determine if you have the correct permits to begin any home improvement project. In most parts of the world, a legal permit is required before you make structural changes to your home. The building permit and associated inspections and approvals can provide assurance that the remodeling project meets local building codes and safety regulations. If you live in a historic district this process may also provide assurance that exterior changes to your home are in keeping with neighborhood guidelines. 5) Lastly, before buying a home that requires a remodel, be aware that some problems simply can’t be fixed. Whether the desired improvement is prohibited by local regulations, or can’t be undertaken with your budget or timeframe, it’s important to recognize the limitations of your home’s potential. Contact our experienced Coldwell Banker agents to discuss your plans. ]]> HotelsMag.com. ]]> Bonnie's blog in the Sudbury Starabout Plugging Into Relationships. When you visit, plan to set aside some time not just to enjoy the ambience, but to consider a real estate investment. Contact a Coldwell Banker agent to discuss opportunities. ]]> DiscoverTCI, are being launched and run by Wired Island, Ltd, a local marketing agency, and include a multi-faceted website (www.discovertci.com), live-chat, a custom-designed, real-time booking engine, and toll-free phone numbers for North American and European tourists. “DiscoverTCI exclusively represents Turks and Caicos and provides information and booking support for individuals and tour operators to help round out memorable tropical vacations for travelers from around the world,” said Val Kalliecharan, general manager of the DiscoverTCI. “Our call center is based here, so customers get to talk to agents who have visited the resorts, eaten in the restaurants and know the best snorkeling spots. Ultimately, this gives the Turks and Caicos a critical competitive edge in these tough economic times.” Read the press release at Earth Times to learn about DiscoverTCI's Travel Awards Program. Here's what they said about Turks and Caicos: "The Turks and Caicos are a small, upscale island destination located just over an hour’s flight from Miami. The island chain, a UK Territory, consists of more than 40 islands and cays, eight of which are inhabited. It is best known for its pristine and uncrowded white sandy beaches; crystal clear waters that attract scuba divers, fishermen and water sport enthusiasts; and a friendly, relaxed and safe environment for enjoying a true Caribbean getaway vacation. The Turks and Caicos offer a wide range of accommodations, from five star resorts, to family-friendly hotels and condos and luxurious villas, as well as fine dining, spas, and outdoor activities." The DiscoverTCI reservations services are available online, 1-877-774-5486, or res@discovertci.tc. There are no costs to travelers for using the service. ]]> Plumbing If you know that you will be selling your home, you should try to repair all plumbing leaks as soon as possible. Besides checking for leaks throughout the home’s plumbing system, a home inspector will also check the water pressure by running multiple faucets and flushing toilets. In some cases, an inspection may also include a check of the septic system. If you have experienced drainage problems in your home, you may want to consider contacting a professional to check the septic system prior to the home inspection. Cooling Systems As there are many types of cooling systems, there is no standard test for home inspectors. However, regardless of what type of cooling system your home utilizes, even if just ceiling fans, you should try to ensure that everything is working properly prior to the home inspection. You may also want to consider having your cooling units serviced prior to selling your home. Electrical System A typical home inspection will check the electrical panel and circuit breakers that power your property for problems and test outlets throughout the home. The inspector will also check for ground fault interrupt outlets (GFIs) in the kitchen and bathrooms. Designed to automatically shut off power during a short circuit, these special outlets are an important safety feature for every home. If you live in an older home, you may want to have GFIs installed and have your electrical system checked before an inspection. Roof A home inspection will check for weak or missing shingles and make an assessment regarding the quality of the roof. If any poor shingles are spotted, an inspector might check underneath to see if the building materials are damaged or rotten. To prevent a poor report, you should consider replacing bad shingles and having an expert check the overall quality of the roof. Gutters Prior to the inspection, try to make sure your gutters are clean and rainwater is able to flow without spilling over the sides. Also, downspouts should be pointed away from the house, as poor drainage is often the cause of mold and mildew problems. Mold and Mildew If you have seen mold or mildew anywhere in your home, you should consider contacting a cleanup professional prior to the inspection. Regardless of where mold and mildew are found in the home, it is important to both kill the fungus and fix the cause of the problem. As homebuyers are becoming increasingly aware of the effects mold and mildew can have on a home, you might experience difficulty selling your home if you don’t take care of the issue. After the initial inspection, try not to be discouraged if the inspector finds a few flaws; very few homes are perfect and inspectors are trained to take note of every possible concern. Home inspections are designed to assess the working order of the home’s infrastructure and assure the buyer that home’s condition matches the details of the contract. In short, if you take care of the most important repair concerns before you try to sell, you will grant yourself a better chance of passing your home inspection.]]> www.beaches.com for details.]]> The Carlyle Suite at The Somerset on Princess Drive, Grace Bay Beach in the Turks & Caicos Islands - The Best View, The Best Beach, The Best Villa, The Best Resort. The centerpiece of this luxury resort is its multi-million dollar pool which ends in a cascading waterfall overlooking miles and miles of white sandy beach with an underwater sound system. A few of the resort features - concierge services, regulation croquet lawn, fitness center and steam room, two freshwater swimming pools, in-suite spa services, reading library. This luxury Estate Suite encompasses the entire third floor of the eastern beachfront building - over looking white sand beach and taking in extended views of Grace Bay. In addition to the high level of elegant finishes and appointments, which include the private Jacuzzi on the patio, this 3 bedroom 3 1/2 bathroom suite features the finest of furnishings and electronic equipment. Wendy from NY was recently a guest at The Somerset in March 2009 and describes the resort as ‘The Classiest and most comfortable place on Grace Bay Beach’. Her comments on this first class hotel and property can be found on the ever popular website - Trip Advisor. Vacations bookings at the highest end of the market are in place and this particular suite sees solid bookings. Recommended by Condé Nast Johansens' prestigious luxury hotel guide, and one of the few select members of the Small Luxury Hotels of the World, The Somerset offers impeccable five-star service, anticipating your every need. A comprehensive list of fixtures and inclusions will be provided to interested investors. There is only one way to experience this magnificent beachfront residence.....contact us for a private viewing. Coldwell Banker - we never stop moving]]> NuWireInvestor, summarizes the basics of investing in the 193 countries of the world into 6 topics. We only introduce them here, and suggest you read the entire article, if you are considering a real estate investment in the Caribbean. 1. International real estate investment can offer excellent diversification of assets: Diversification effectively distributes risk among multiple markets and can optimize potential for return. 2. Currency exchange rates can enhance or impede profit margins:International real estate investment essentially combines property two types of assets: property and foreign currency. The value of a foreign currency can profoundly affect the amount of return made on an investment, as it increases or decreases relative to the U.S. dollar. 3. Legal technicalities (or lack thereof) may increase risk: Navigating the legal landscape of a foreign real estate market can be daunting, especially in developing countries that have only recently opened their property markets to limited foreign investment. 4. Foreign investment opportunities abound in Latin America: Latin American real estate markets can be especially favorable, offering affordable property prices, government initiatives meant to attract foreign capital and exotic, beautiful landscapes. 5. Working with international real estate professionals is an important first step: Embarking on one’s own in unfamiliar territory can be a dangerous move. Contact our local Coldwell Banker agents - they know the market and real estate trends. 6. The US real estate market is not necessarily a "bad" place to invest: The state of the U.S. housing market might be unnerving for many investors, but those who follow the traditional “buy low, sell high” mantra might see opportunity where others see cause for concern. International real estate investing carries risk but we have professionals at Coldwell Banker who can help you understand the risk and minimize it for your situation. Give us a call.]]> Turks and Caicos Events Calendar for information on the many events on our islands this month. Not just Cinco de Mayo and Mothers Day and Memorial Day, but there are other fun activities, such as * Model Sailboat Fleet at Blue Hills, Providenciales * Middle Caicos Portrait Exhibition of black & white photographs, Blue Hills, Providencials * Wymara Beauty Pageant and boat races, concert on South Caicos See what fun you are missing? Come join us and talk to any Coldwell Banker agent about real estate opportunities. ]]> Coldwell Banker On Location , the channel was created to more fully tap into the power of video for real estate search and discovery, and to drill deeper into the local insights that consumers want. According to the company, two areas of strategic focus set Coldwell Banker On Location apart from other real estate websites. First, it showcases the power of video to bring real estate more vividly to life - offering behind-the-scenes looks at towns and neighborhoods, smart tips and timely news on real estate topics, and video listings of homes for sale. Second, content posted to On Location has a strong emphasis on local information and insights, so consumers can dig deeper into the areas of the country that interest them most. “Video is a critical part of how today’s consumers want to explore real estate, and we intend to use it to an extent never before seen in our industry,” said Jim Gillespie, president and chief executive officer, Coldwell Banker Real Estate LLC. “Coldwell Banker On Location provides an exciting new platform for our vast network of thousands of sales associates to directly share the kind of local insights and knowledge that is invaluable to consumers hoping to learn about a new area.” (source: RisMedia)]]> LA Times and MSNBC) ]]> News.EnjoyVacations.com) ]]> Spotlight,written and designed by Bornewell Marketing Ltd. Spotlight was selected as the winning electronic newsletter by Lou Hammond & Associates, one of the largest travel Public Relations firms in North America. Caesar Campbell, CEO of TCHTA, proudly commented, "Our newsletter is delivered quarterly to our members and is geared toward sharing information on the hotel and tourism sectors as well as recognizing the achievements of our members, and providing insight into opportunities for marketing, networking, education and training within the tourism industry.” Campbell was re-elected as a Director of the Executive Committee of the CSHAE (Caribbean Society of Hotel Assn. Executives). (resource: South Florida Caribbean News)]]> FresnoBee.com) ]]> Agreement of Purchase and Sale (APS) Individuals or Company Directors purchasing property sign an APS, a registerable document filed with the Registrar at the Land Titles Office in Grand Turk. APS describes the property, defines price and terms, and lists other conditions particular to the transaction. Facsimile signatures are acceptable. Transfer Forms Transfer Forms are completed by both Buyer and Seller and witnessed by a Notary or Justice of the Peace in the Turks & Caicos Islands, or in your country of residence. Original signatures are required along with complete proper names as they will appear in the Register. This is the primary document required to complete the transfer of property. Registration Original Land Certificates accompany the Transfer Forms and are presented to the Land Registry Office. The Registrar of Land handles land registration in the Turks & Caicos Islands, Turks Island Government Registration of Land Title is final and the Title is absolute. Deposits and proceeds from the sale are normally held in trust until the transfer is registered. Once registration takes place, proceeds of the sale are released to the Seller and real estate commission paid to the Agent. Title and Land Register Certification A Land Certificate is issued as evidence of the title. Normally the Land Certificate will remain in the Land Registry. A copy of the Land Register Certificate will show current ownership and any liens or charges on a property. STAMP DUTY A one time fee paid by the Buyer to the TCI Government, for the transfer of property, on registration. Presently 9.75% on Providenciales, lower on the less developed islands. CHARGE OF MORTGAGE In cases where the full purchase price is not paid, a Charge of Mortgage is executed, the title of the land is transferred, but the charges appear on the Register as an encumbrance against the title to secure payment of the balance owed. Removal of the charges must be made by the person to whom the money is payable. There is also a Stamp Duty fee (presently 1% of the mortgated amount) paid to the TCI Gov’t on all registered charges. DO I HAVE TO BE PRESENT FOR CLOSING? It is not necessary to return to the Turks and Caicos for closing, though you are welcome to be here during this process. The procedure can be handled by phone, fax, courier, and wire transfer. Any questions or comments you have regarding negotiating an offer on Real Estate in the TCI as well as clarification on Terms and Conditions may be directed to Graham Canham, Sales Associate at Coldwell Banker Real Estate Turks & Caicos, at grahamcanham@coldwellbankertci.com www.coldwellbankertci.com Coldwell Banker - we never stop moving......]]> Purchase Procedures in the Turks & Caicos Islands ("TCI") Purchasing real property here in the TCI follows a path different from what you might be accustom to. First, an Offer Form is signed by both Buyer and Seller essentially fixing an agreed upon price, deposit amount (normally 10%) and closing date, as well as introducing any special conditions (for example - financing conditions or home inspection). Upon acceptance by both parties of the Offer, the Buyer will need to wire the agreed upon deposit to their TCI attorney or real estate office. It is important to understand that this is often not yet a binding contract. The following step will create that. Next, the attorneys prepare an Agreement of Purchase and Sale (APS) based on the information contained in the Offer Form. It is not uncommon for there to be some minor negotiation of various clauses in the APS. It should not take more than a couple of days to have a formal APS delivered to both Buyer and Seller. If the APS is not agreed to by both parties, the deposit made by the Buyer is returned in full and the property goes back on the market. If the APS is signed by both parties, we have a binding situation and the deposit is now passed to the Seller's attorney, who will hold it in trust, until closing. On closing, the Transfer Documents (signed by both parties) are handed over to the Buyer's attorney in exchange for the remainder of the purchase price (plus or minus any adjustments - for example any pro-rated monthly condominium fees, etc). The Buyer's attorney lodges the Transfer Documents with the Land Registry office in Grand Turk. There, the Registrar deletes the name of the Seller on the title and inserts the Buyer as the new owner of the property. Here is where things differ from most other jurisdictions. Presently this process takes some time (it is still done manually although Government is planning to introduce a more modern system) and the actual changing of the registered owners names will not happen on the day of closing. For this reason, typically the proceeds of the sale are held back for a short period of time, and delivered to the Seller at a later date (usually between 14 and 21 days after the closing date). This gives the Land Registry Department time to complete the transfer and review the documents to ensure accuracy. At the time of registration at the Government office, the property value will be established by the sale price or Government appraisal for the collection of Stamp Duty, better described as a Land Transfer Fee. This is a one time fee payable by the Purchaser at closing. Do I have to be present for closing? It is not necessary to return to the Turks & Caicos Islands for closing, though you are welcome to be present, this procedure can be handled by phone, fax, courier, and wire transfer. Part two of this article will be published on Sunday, April 19, 2009. The second part will provide content descriptions and processing details of the following forms: Agreement of Purchase and Sale (APS), Transfer Forms, Registration, Title and Land Register Certificate, Stamp Duty, and Charge of Mortgage. www.coldwellbankertci.com Coldwell Banker - we never stop moving......]]> PR.com) ]]> Structural Issues The structural condition of older homes can vary greatly. It if has been maintained, the structure of an older house will likely reflect the quality craftsmanship of earlier times and will only need minor repairs, reinforcement or maintenance. More recent additions may have been built to a lower standard than the original home, and can need major repairs or renovations. If the original building has not been well maintained, you may be in for a serious structural overhaul. Neglected crawlspaces can have foundation and floor structure defects. Continuous water intrusion or past fires could have damaged structural areas that are now concealed. Be sure your home inspector investigates the structure of an older house thoroughly. 2) What is Involved with Remodeling Many people purchase an older home with the intention of remodeling it in order to make the house more comfortable and raise the home value. Like many equations in life, the decision to remodel an older home boils down to time or money. If you decide to spend more of your time and less of your money, you’ll need to be handy and have your weekends free of other commitments for several months. If you prefer to save your time, but spend more money, your real estate agent can refer you to a contractor who specializes in raising house value by remodeling older homes. 3) Zoning and Use Issues Before you purchase an older house with the intention of remodeling and raising the home value, be sure to investigate the zoning and use regulations. Many older homes come with restrictions, including pre-determined setbacks from property lines, limits on roof height, etc. If the home is on a municipal historic register, regulations will likely be even more stringent in order to preserve the house’s historic character. If you’re considering alternative uses for your older house, like turning it into a commercial office, building an in-law apartment, etc., be sure to ask your real estate agent about zoning specifics. 4) Cost of Operations Higher repair and maintenance expenses should be factored into the budget when calculating the total cost for purchasing an older home. Renovations, repairs and even pre-purchase inspection costs can be considerably higher than if purchasing a newer house. Also, the lack of modern insulation materials means bigger gas and electric bills in order to heat and power the house. And, major appliances, plumbing and heating systems will likely need maintenance within the first few years of your ownership. 5) Pests In an older home, it’s possible that termites and other wood destroying insects could have damaged timbers and structural supports for years before they were detected. It would be highly unusual for a house to survive for 100 years in the tropics without any kind of termite/ant/beetle infestation. It’s important to determine whether there are any signs of current infestation, and the extent of the damage of past infestations. If a wood destroying insect has eaten away at the structural support of a house for a significant amount of time before being discovered, you may need to add some reinforcement to the beams and posts in the basement. It is also very important to protect against future infestations. You may want to consider having a pest control company do preventative treatments as well as periodic visual inspections. Older homes have character and great potential, but be sure and use the services of an experienced local Realtor to thoroughly investigate the property. ]]> Luxury Travel Blog, The Ritz-Carlton Hotel Company, L.L.C. is launching a new exclusive brand for high-end travellers; Ritz-Carlton Reserve. Phulay Bay in Krabi, Thailand, will be the first property to open in spring 2009. The philosophy behind the Ritz-Carlton Reserve portfolio is to create idyllic retreats where guests can escape into an exclusive leisure experience. It offers guests a new interpretation of local lifestyle and culture. The architecture respects the environment of each destination and the suites and villas are integrated in it, furthermore local culture and history are reflected in the design. So a private exquisite atmosphere is created where guests can experience relaxed comfort and an intuitive individual service. Future locations will include The United Arab Emirates, Puerto Rico, Turks & Caicos and Costa Rica.]]> Exhale, the New York City-based spa, has just opened its latest outpost at the Gansevoort/Turks & Caicos. You've got three "exotics" in the mix: the fabulous, white sand island of Providenciales as the perfect setting, the ultra-hip Gansvoort hotel (who would have known back in my NYC 80s, that such an unasuming little street in the meat packing district would yield such world renown), and the posh-yet-down-to-earth Exhale Spa, all perfectly balaced by the very economical grand opening package offer. The best reason to experience Exhale at Gansevoort T&C is the grand opening rate: the "Steal Away" package of $295 per night, which includes an upgrade to a junior suite with ocean view, welcome cocktails for two, daily continental breakfast by Bagatelle, the hotel's restaurant, for two, plus one free Exhale "Mind & Body" class per person and a 35% discount on all spa services. Gansevoort Turks & Caicos, is located in the island of Providenciales, also known as "Provo," a lush retreat of white-sand beaches and soothing turquoise ocean, including eight national parks, nature reserves and historical sites. Part of the hotel's charm is its size, for while the Caribbean is known for large resorts, the property features only 91 guest rooms, including 32 suites and 4 penthouses, in a relaxed, yet elegant setting. A true geteaway. For reservations (mention "exhale" when booking): 649.941.7555, contact@gansevoorttc.com, and visit the Gansevoort Turks/Caicos web site.]]> Coldwell Banker web site, for information on the $8,000 federal tax credit for first-time home buyers in the U.S. “Consumers are empowered by technology and the wealth of information available online, yet also value collaboration with a knowledgeable real estate professional,” said Michael Fischer, senior vice president, marketing, Coldwell Banker Real Estate LLC. “Along with reaching consumers on an emotional level, these new commercials highlight how we provide listing information to consumers anytime and anywhere they want it. In addition, we have the flexibility to change the end tag to communicate key information to the consumer about the real estate market - literally as it is happening.” To view the new Coldwell Banker commercials, visit: http://www.youtube.com/watch?v=R1cfdUb8BnI and http://www.youtube.com/watch?v=nfQy7kTULVg. (Resource: RisMedia) ]]> 100 donkeys who faced uncertain future will now have an improved life style on the surrounding Turks and Caicos Islands due to a welfare project from the Devon-based Donkey Sanctuary. Government Officials of the Caribbean Islands of Grand Turk, South Caicos and Salt Cay, Turks and Caicos will coordinate a breeding control program using the global resources of The Donkey Sanctuary based in Devon. Andrew Trawford, the Sanctuary’s Director of Veterinary Services, said: “This breakthrough is an absolute triumph of persistence; these donkeys were destined for a life of misery.” Over 60 donkeys, horses and ponies are being kept in a compound on the island of Grand Turk, and Dr Trawford will providing local staff with welfare advice and training. Article provided courtesy of Coldwell Banker Real Estate Turks & Caicos www.coldwellbankertci.com Coldwell Banker - we never stop moving]]> Bay Bistro at Sibonne Beach Hotel (946-5396) Mon Mar 30 - Greek Buffet Dinner Tues Mar 31 - Last Day of Lobster Season Dinner Mon Apr 13 - Chinese Buffet Dinner Reef Peepers - Glass Bottom Boat Tours (231-4961) Go Reef Peeping on the 40 foot power Catamaran Nikki Beach Resort One Year Anniversary Celebration (941-3747) Apr 4 starting at 9pm, tickets $40 17th Annual Kite Flying Competition Apr 13 starting at 10am Kids Park, Lower Bight Road, Provo Horse Stable Beach, North Caicos Parasailing and Kayak Nature Tours (331-1104) Parasailing - experience a breathtaking aerial view of Provo and the beautiful turquoise waters along Grace Bay Beach area with the team at Ocean Vibes, for Kayak Nature Tours in Chalk Sound join them on April 1st for a tour of the park TC Rugby Club - TCI Flamingos Apr 24 starting at 6:30pm at the National Stadium, $5 Adults, Kids Free Ocean Vibes - Scuba Instruction and Scuba Day Trips (331-1104) Open Water Certification Course, Open Water Referral Course, Advanced Open Water Certification Course, Refresher Course for Certified Divers Information provided courtesy of Coldwell Banker Real Estate Turks & Caicos. www.coldwellbankertci.com Coldwell Banker - we never stop moving......]]> www.coldwellbankertci.com Coldwell Banker - we never stop moving...... ]]> link to CNBC. Gillespie stated that “the government could do a lot more than they are already doing in order to get the real estate market moving again.” He believes that two key changes are needed in order to get the economy moving: 1) to set a fixed-rate mortgage. Gillespie feels that “Lowering the interest rate to 4% to 4.5% for 12 months is one way to get the inventory moving.” 2) increasing the tax credit to $15,000. He feels ncluding all buyers of primary residences will help move buyers along and get the market to shift. Gillespie also stated that the demand side needs to be addressed. Once we start to sell the inventory currently available, prices will stabilize and then go up again, which will also help those in distressed situations. “Fifty-five percent of loan modifications have failed after six months because jobs are not being created and homeowners are losing the jobs they have,” says Gillespie. “In order to create jobs, we need to create demand, both of which will get the housing market and economy moving." Contact your Coldwell Banker real estate specialist to discuss your options as buyer or seller. (Source: RIS Media) ]]> The Turks & Caicos Club of Providenciales announced an exciting partnership with Anne Klein and Macy's Department stores in revealing its colorful, resort-oriented Spring 2009 line with an 8- page fashion spread in ELLE magazine. The 21-suite Turks & Caicos Club on Grace Bay Beach is highlighted as the main sweepstakes prize getaway with 5 nights' accommodation and roundtrip airfare in the April 2009 issue, on stands now and featuring Oscar Winning actress Reese Witherspoon as its cover girl. Readers can enter to win on the Macy's website at Enter to Win AK Fashionable Getaway Sweepstakes. The sweepstakes began at 12:01 AM ET on 3/9/2009 and will end at 11:59 PM ET on 4/19/2009. The promotion is also sponsored by the Turks and Caicos Tourist Board. About Turks & Caicos Club The Turks & Caicos Club is a full service 21-suite Caribbean-colonial designed hotel located on a quiet stretch of 12-mile Grace Bay Beach located next to the island's best snorkeling reef. The boutique hotel offers 1-and 2- bedroom oceanfront and poolside suites with four poster beds, gourmet kitchens and private balconies, "Simba Restaurant & Bar," complimentary water sports, wi-fi, daily American breakfast, spa services, diving, golfing and snorkeling excursions. The Club has been named Travel + Leisure's 50 Most Romantic Retreats and is recommended by the international luxury hotel guidebooks, Condé Nast Johansens. Reservations and information: (649) 946-5800 Resource: Prudent Press Agency ]]> Recently featured in TravelSeek, Turks and Caicos rated as one of the 10 most romantic honeymoon destinations, along with places like Paris, Tuscany, and the Greek Islands. Here's the review, "Only an hour flight from South Florida, these islands offer some of the world’s most beautiful stretches of white sand beach. In addition, at least at this time, they are much less developed than other Caribbean islands. In addition to beach activities, you can explore the islands of coral reefs, try your luck in one of the casinos in the small island, the beach or dine on fresh conch." Come down and visit - you'll be glad you did! ]]> Featured in a recent article by the NY Times Travel Section, Turks and Caicos received great reviews as an affordable destination. They featured the island of Providenciales, nicknamed "Provo," and gave some good tips on digging out budget options on an island which is now one of the Caribbean's fanciest destinations. The article reviews hotels, restaurants, beaches, nightlife, shopping, and transportation, with links to most of the businesses. If you are considering a trip to the Caribbean this Spring, this is one of the best broad-brush travel articles you'll find.]]> From Aruba to Bermuda to the Cayman Islands, when conversation turns to the purchase or sale of exceptional properties, the name heard most often is Previews®. The Coldwell Banker Previews Program has earned a superior reputation for succesfully marketing luxury properties. The Previews® program was founded in 1933 by Henderson Talbot, a young entrepreneur who was one of the first to market real estate beyond his local area. He specialized exclusively in marketing fine properties nationally and internationally, which allowed Talbot to place these luxury properties in front of the clientele who could afford this type of home. Acquired by Coldwell Banker Real Estate LLC in 1980, this luxury home marketing program continues to build its success through the Coldwell Banker Previews International® program. Through the Previews® program, Coldwell Banker has represented an impressive array of the world's most fabulous real estate. In fact, no real estate company in the world sells more homes over $1 million dollars than the Coldwell Banker Previews Program. Exceptional properties require exceptional marketing, and through the Coldwell Banker Previews International program, we have the tools to assist you in buying or selling your luxury property. Currently, we handle an average of $153,000,000 in luxury home sales every day. Coldwell Banker Previews Properties enjoy a Prefered relationship with Unique Homes. This publication offers luxury homes for sale, and reaches both the largest number of paid subscriptions in the world and the global editions of the Wall Street Journal and the New York Times. Ask any of the agents in Coldwell Banker Island Affiliates about our Previews® program. They will be pleased to present properties which qualifiy for this exceptional marketing effort. ]]> Insurance Under the legislation, the strata corporation is obliged to keep the whole development insured to replacement value against fire, hurricane and other perils, and to reinstate immediately any part that is damaged. This ensures that damage to one unit is not left unrepaired and detracting from the value of the others. The insurance premium is one of the main annual costs of the strata corporation, and will therefore account for a good portion of the unit-owner’s monthly contribution. Some developments levy the insurance premium separately from the monthly contribution, in a lump sum once a year. That should be necessary only at the beginning, by way of a special levy. Thereafter, the insurance premium for each following year can be estimated, and should be integrated into the current monthly fee. Mortgages Because each unit has its own title, there is no difficulty in registering a mortgage (or “charge” as it is called in Turks & Caicos) against the title. However, because of the nature of condominiums, there are special considerations involved which the purchaser will need to understand, particularly in relation to voting rights and insurance. Phased Development Sometimes the development will be designed to be built in phases, where the developer seeks to sell the units in one block before going on to build another. This is facilitated by the legislation, which provides for amended strata plans being registered as each phase is completed. Such developments require special attention, and a high level of confidence in the developer. A sound investment - using sound judgment. A condominium unit in a well-built and well-run complex in Turks & Caicos is a sound investment, particularly by comparison with prices in other Caribbean destinations, such as the Cayman Islands. However, interested purchasers or investors should make sure that they fully understand all of the documentation involved and are fully acquainted with the risks and future obligations they will assume. The obvious recommendation is - use a good lawyer! Richard Savory is the principal of the law firm Savory & Co., and has been in practice in Turks & Caicos since 1981. He has been closely involved in the drafting of amendments to the "Strata Titles Ordinance" and the regulation made under it. In 1984, he registered the first strata plan in Turks & Caicos. He has also acted as chairman and secretary in various strata corporations and has been legal adviser to developers of strata title developments, to many purchasers of condominium title units, and to the governing bodies responsible for the management of condominiums. www.savory-co.com This article on Condominium Title in Turks & Caicos is a reprint and provided to you by Coldwell Banker Real Estate Turks & Caicos, www.coldwellbankertci.com. Coldwell Banker - we never stop moving......]]> Management In larger developments, the developer will arrange for a management company (often related to the developer) to be employed by the strata corporation to administer the development. If the condominium is of the type that has a rental program, the same management company will establish a relationship each owner who wants their unit to be in the rental pool. The management company’s fees for managing the common property are included in the overall costs of administration which are included in the monthly contribution paid by unit-owners. Fees and expenses relating to the rental program are not part of the calculation of monthly fees. It is very important to understand the relationship between the management company and the strata corporation. This is particularly so where there is a rental program. Purchasers must understand the separate roles of the management company, as manager of the strata corporation on one hand, and as manager of the rental program on the other. Attention should be given to the terms upon which the management company operates or is allowed to use facilities within the condominium for the servicing of guests from the rental program. Provided the separate roles are properly observed, there are substantial advantages for the unit-owner in having a management company involved in servicing the condominium. These include: • By delegating the responsibility for preserving the good appearance of the condominium and keeping its facilities in good working order, the strata corporation and its members are relieved from day-to-day administrative decisions and operations. • By being involved in the condominium from the outset, the developer-related management company has a close knowledge of its facilities, making it best placed to provide a superior and more consistent level of service in its various activities than that of an outside manager or operator. • Generally speaking, a unit in condominium that offers resort services commands a higher price than one in a condominium that doesn’t. If the developer has been successful in establishing the trust and confidence of unit-owners, a management company that is owned by or related to the developer can be seen as part of the condominium community, contributing to the good morale that is the mark of a successful condominium. In the final article to be featured on March 8, 2009, Mr. Savory covers Insurance, Mortages, Phased Development and A Sound Investment - Using Sound Judgement. Richard Savory is the principal of the law firm Savory & Co., and has been in practice in Turks & Caicos since 1981. He has been closely involved in the drafting of amendments to the "Strata Titles Ordinance" and the regulation made under it. In 1984, he registered the first strata plan in Turks & Caicos. He has also acted as chairman and secretary in various strata corporations and has been legal adviser to developers of strata title developments, to many purchasers of condominium title units, and to the governing bodies responsible for the management of condominiums. www.savory-co.com This article on Condominium Title in Turks & Caicos is a reprint and provided to you by Coldwell Banker Real Estate Turks & Caicos, www.coldwellbankertci.com. Coldwell Banker - we never stop moving......]]> Creation of Condominium Title In Turks & Caicos, a condominium is established by the registration of a set of plans, called a strata plan, at the Land Registry. In the legislation, the units shown in the strata plan are called strata lots and the rest of the property within the strata plan is known as the common property. On registration, the developer is shown as the owner of each unit. Owners’ Corporation On the registration of a strata plan, a corporation, known as the strata corporation, is automatically created. The members of the corporation are the unit-owners. The strata corporation is registered as the owner of the common property, and is responsible for its administration and maintenance. The strata corporation and each of the unit-owners are bound by a set of by-laws which are registered along with the strata plan, and which can be amended by all, or a specified majority, of unit-owners. Responsibility for the management of the strata corporation is vested in an executive committee appointed in accordance with the by-laws. As members of the strata corporation, unit-owners can convene meetings of the strata corporation to consider matters of importance to the condominium. Because the developer is the registered owner of the units while they are being sold, it will control the strata corporation with votes until all or most of the units are sold. Quite often the developer will want to keep control of the strata corporation, to the exclusion of the unit-owners, for some time after completion. The draft by-laws provided at the time of sale need to be checked to determine the extent to which and the period for which the developer will retain control of the strata corporation. Share of Common Property and Contribution to Expenses The extent of each unit-owner’s share in the common property, and the extent to which each unit-owner contributes to the costs incurred by the strata corporation, is determined by the unit entitlement ascribed to each unit. The unit entitlement is, or represents, a percentage fixed by the developer, usually as a function of the floor area of each unit in relation to the total area of all the units. Purchasers should be sure to understand how unit entitlement is defined in relation to the particular development. What should happen after the registration of the strata plan, and annually thereafter, is that the strata corporation meets to determine the estimated costs of administration for the coming year, and to establish a reserve fund to build up over, say, five years to cover major future expenditures such as re-painting or a planned capital improvement. Having determined an overall total, the unit-owner’s monthly contribution should be the percentage of the total that is represented by his unit entitlement. Particularly at the outset, when the developer is in control of the strata corporation, unit-owners should ensure that they understand how the total which determines their monthly contribution has been calculated. In the third article featured on March 5, 2009, Mr. Savory covers Condominium Management. Richard Savory is the principal of the law firm Savory & Co., and has been in practice in Turks & Caicos since 1981. He has been closely involved in the drafting of amendments to the "Strata Titles Ordinance" and the regulation made under it. In 1984, he registered the first strata plan in Turks & Caicos. He has also acted as chairman and secretary in various strata corporations and has been legal adviser to developers of strata title developments, to many purchasers of condominium title units, and to the governing bodies responsible for the management of condominiums. www.savory-co.com This article on Condominium Title in Turks & Caicos is a reprint and provided to you by Coldwell Banker Real Estate Turks & Caicos, www.coldwellbankertci.com. Coldwell Banker - we never stop moving......]]> Registered Land Ordinance, and that governing condominium title in particluar is the Strata Titles Ordinance. The notion of "strata title" arises from the principle of English law that land (which includes everything both above and below the surface of the land) can be subdivided horizontally as well as vertically. That is to say, the space above the ground can be divided into layers, or strata, coinciding with the storeys of a building. However, the issues relating to strata title apply equally to a development of single-story residences, and our legislation recognizes that. Whenever separate titles are desired within one development, several issues must be addressed. For example: - Where do the boudaries lie between units, and between units and common property? - What procedures are to be followed in making decisions affecting the whole development? - Who will administer and maintain the common areas and facilities? - How will the expense of administration and maintenance be paid for? - What is the fairest way of allocating the expense? - What will happen in the event of a disaster such as a fire or hurricane? - What happens when the conduct of the owner of one unit decreases the value or enjoyment of other units? - How many easements and cross-easements will be needed in relation to common access-ways, parking, and the pipes, cables and other services which run through the development. It is easy to see that the legal documentation necessary to address all these matters fully would be voluminous and complicated. Through legislation, the number and complexity of documents involving developments with separate titles and areas of common use can be significantly reduced. It can do this in three ways: - By providing a uniform but flexible system of establishing title boundaries. - By laying down statutory easements which do not have to be included in title documents and transfers. - By making standard rules in relation to the areas of common use. The Strata Titles Ordinance goes a long way towards those objectives. In the article to follow on Thursday, Feb 26, 2009, Mr. Savory covers Creation of Condominium Title, Owners' Corporation, and Share of Common Property. Richard Savory is the principal of the law firm Savory & Co., and has been in practice in Turks & Caicos since 1981. He has been closely involved in the drafting of amendments to the "Strata Titles Ordinance" and the regulation made under it. In 1984, he registered the first strata plan in Turks & Caicos. He has also acted as chairman and secretary in various strata corporations and has been legal adviser to developers of strata title developments, to many purchasers of condominium title units, and to the governing bodies responsible for the management of condominiums. www.savory-co.com This article on Condominium Title in Turks & Caicos is a reprint and provided to you by Coldwell Banker Real Estate Turks & Caicos, www.coldwellbankertci.com. Coldwell Banker - we never stop moving......]]> The current flag of Turks and Caicos Islands was officially adopted in 1968. As an overseas territory of the United Kingdom, the islands fly the (UK) flag. The flag of the Turks and Caicos Islands consists of a dark blue base with a British Union Jack in the top left quarter and the country's coat of arms on the right hand side. The Union Jack represents the country's ties to Britain, as it is a British Overseas Territory. The coat of arms shield displays a conch shell and a crayfish representing the local fishing industry, and a flowering cactus representing local flora. ]]> Turks & Caicos Weekly News, International Banking Group (IBG) has officially started the process of forming a new bank with outstanding customer service. Groundbreaking ceremonies were held Tuesday at the Graceway site. The bank, a subsidiary of Cayman National Group, will create about 40 jobs and open early 2010. Their emphasis will be local shareholders who are involved in bringing a quality product to their community. As the TCI’s newest retail and commercial bank, IBG will offer internationally branded credit and debit cards, personal and commercial lending, chequing and savings accounts.]]> Unbelievable Value at The Somerset, Flintwick Suite. See it here. Make no mistake - this is possibly the best value luxury condominium available in the Caribbean! Upon entry you'll feel the ambience generated by the large open living area and tasteful West Indies themed furnishings. The Somerset has an amazing lap pool which flows into the beach front infinity edge pool, and features casual pool side dining or the highly regarded O'Soleil restaurant. If you are interested in a luxury condo that is great value, this is not one to be missed. Listing Price $2,500,000 - Somerset Flintwick Suite. Contact our office for a private preview.]]> The TC Free Press predicts a banner year for the cruise industry on Grand Turk. "Following not one but two hurricanes this past September, the Turks & Caicos Islands along with Miami-based Carnival Corporation & PLC, have been busy rebuilding the Grand Turk Cruise Center and preparing for this years tourist season. The cruise center was reopened October 8, 2008." Estimates are a 25% increase over 2008, or 500,000 passengers. On 14 acres, and pristine beachfront, the cruise center can accommodate 6,000 passengers per day. "Cruisers can take a day to swim and snorkel in the turquoise hued waters, enjoy numerous water sports activities, rent a private beach cabana, enjoy a sea-side massage, and visit Jimmy Buffett’s Margaritaville, a restaurant and bar on the beach. Duty free shopping is also available everywhere at this 45,000 sq ft outdoor center." Read the article at TCFree Press. ]]> Affluent Homeowners Focus on Location, Location, Location "Homeowners at the highest end of the real estate market still have a dream house in mind and location does play a factor in where some call home, according to the 2008 Coldwell Banker Previews International Luxury Survey. Twenty-seven percent of the people surveyed responded that their dream home was on an island. The survey revealed that about half of the affluent homeowners surveyed (48 percent) own at least one secondary residence. Most of these properties are located in beach areas (45 percent). For those who own second homes, significantly more men than women cited that the primary purpose of the residence was a retirement property (17 percent vs 8 percent). The survey was conducted online by the independent market research firm, ICR, in April 2008 and commissioned by Coldwell Banker Previews International, the exclusive Coldwell Banker service dedicated to luxury real estate. In 2007, the Coldwell Banker system participated in more than 25,000 transaction sides of homes priced at $1 Million or more in that year, a total sales volume of $46.6 Billion." When listing your property with Coldwell Banker Turks & Caicos you receive individual attention from not only your Sales Associate and the local office, but from an established and experienced Marketing Department that specializes in marketing island properties to buyers in all parts of the world. For additional information on listing your island property in the Turks & Caicos Islands contact us at reception@coldwellbankertci.com or visit our website at www.coldwellbankertci.com Coldwell Banker - we never stop moving.... ]]> in the world - Coldwell Banker. Clients looking to sell their properties today expect more than a website posting, a weekly magazine ad, an open house each week and a For Sale sign in their front yard. They are selecting Sales Associates that can offer them the very best in representing what is often their most valuable asset. Selling your vacation home or property in a foreign location is often an emotional experience as you have fond memories of the time spent with family and friends at your vacation property. Sales Associates at Coldwell Banker Real Estate Turks & Caicos can work with you to market your property to qualified buyers looking to purchase real estate in your neighbourhood. High-tech online tools, innovative marketing strategies, access to multi-channel media delivery, the ability to market your property to our 3600 offices in 47 countries (and that's before we start marketing your property to the public), a dedicated Marketing Department for Island Properties along with exceptional customer service are just a few of the services we provide to our clients when listing their property for sale in the Turks & Caicos Islands. We are the ears that hear what your home means to you, We are the eyes that seek out the perfect buyer, We are committed to your satisfaction, We will guide you through every step of the way. Coldwell Banker Real Estate Turks & Caicos, the largest recognized Brand company selling real estate in the TCI. Contact us at reception@coldwellbankertci.com or visit our website at www.coldwellbankertci.com. Coldwell Banker - we never stop moving......]]> Dellis Cay, between North Caicos and Providenciales, has always been prized for its white sand beaches, turquoise calm waters, ultra-private location, and the best shell collecting in the Turks & Caicos Islands. The Cay was purchased by Dr. Cem Kinay, and the 560-acre private island is now part of the prestigious O Property Collection, an innovative, design-driven international real estate development group. Kinay promises to make Dellis Cay among “the world’s rarest living experiences” with a limited collection of private villas and residences. Dr. Kinay's vision is to make design in Dellis Cay an interactive part of the living experience. Design would create the basis from which essential concepts like comfort, technology, aesthetics and ecology would work together to achieve balance. Some of the world's leading architects and designers, who share his vision, will create the luxury destination community. Amenities and service will be managed by the award-winning luxury hospitality group Mandarin Oriental Hotels. Check back here for news of the progress of this unique development.]]> http://realesatemsn