When buying a property, it’s more productive to work with one real estate agent. The Islands’ main MLS (Multiple Listing System) is run by CIREBA and it ensures the best market coverage to view every property on all three Islands.
Alternatively, another regulatory body of local non-CIREBA agencies and realtors is The Cayman Islands Realtors Organization (CIRO). Founded by independent brokers, CIRO supports higher industry standards and connects homeowners with professional realtors offering competitive commission rates.
Depending on your market at home, this may be unusual for some, but this is how it works...
A seller will list their property with a specific agent. That agent then enters the property details into the MLS which is accessible to all CIREBA agents. CIRO agents have a separate site. In other words, the agent you are comfortable working with will show you all the listings, regardless of with whom they are listed. The agents all cooperate with each other, so there is no need for you to reach out to different offices.
CIRO works more traditionally, but you can learn more about both by clicking below.
The realtors generally work on commission only, so using the time and resources of one realtor and then jumping to another is definitely frowned upon. Realtors will help you gather all the information you require, shortlist properties, take you back for second viewings, write up an Offer to Purchase, follow through with all your conditions and attend the closing with you. Once you have made an offer, you will need to supply your passport, driving license, a current utility bill, source of funds letter, mailing address, occupation and date of birth.
One of the additional benefits of using a CIREBA realtor is that they know the best lawyers, bankers, surveyors, appraisers, home inspectors, contractors, structural engineers, handymen and property managers. They know the deal makers and the deal killers; the most expensive and the most reasonable; and those who can meet deadlines and those who cannot.
