In this conversation, Russ Regentz interviews Mike Chestnut and Kyle Kuhlmeyer from ReMax about the process of buying real estate in Roatan. They discuss the steps involved, including wire transferring funds, due diligence, and closing costs. They emphasize the importance of working with qualified professionals and highlight the role of attorneys in the title process. They also mention that the title process can take several months to a year. Overall, they aim to provide peace of mind to buyers and offer their availability to answer any questions.

Roatan real estate, buying process, wire transfer, due diligence, closing costs, title process, qualified professionals, attorneys, peace of mind

Takeaways
The buying process for real estate in Roatan is relatively simple, with cash being the preferred method of payment.
Buyers have seven business days to wire transfer their funds in US dollars to the seller's brokerage.
Due diligence is an important part of the process, including checking for clear title, no liens, and recent surveys.
Closing costs, which include attorney fees and transfer taxes, are typically around 6% of the purchase price.
The title process can take several months to a year, but buyers can take possession of the property before receiving the paperwork.
Working with qualified professionals, such as ReMax and reputable attorneys, is crucial for a smooth buying process.

Peace of Mind in the Roatan Real Estate Buying Process
Navigating the Buying Process for Real Estate in Roatan

Sound Bites
"You have seven business days to actually wire transfer your money in U.S. dollars."
"Why do you hire a real estate agent? To make sure that there is a clear title."

Chapters
00:00
Introduction and Overview
00:48
First Steps: Wire Transferring Funds and Due Diligence
03:42
Understanding Closing Costs
05:06
The Importance of Attorneys in the Title Process
08:04
Timeline for Getting Title in Hand
11:11
Reassurance and Guidance for Buyers