PURCHASE PROCESS

• Select a WestBeach apartment with a Terra Caribbean representative and provide the name of the Attorney who will represent you in the transaction. The selected apartment will be taken off the market on signing an offer and acceptance agreeing the price in USD. 

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• Your Attorney will receive the draft Sale Agreement within 48 hours via email and will have 14 days to confirm if any changes are required. If there is no response within this period, the apartment will be put back on the market for sale.

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• Within 7 days (for local purchasers) or 14 days (for the foreign purchasers) from the date of receipt of the finalized Sale Agreement by your Attorney, you will be required to sign the Agreement and pay a deposit of 10% of the agreed sale price. Deposits may be paid directly to WestBeach to speed up the process and a credit advice slip shall be provided for overseas purchasers to facilitate registration of the funds with the Central Bank.

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• On certified completion of the structure and roof, you will be required to pay a further 10% of the agreed sale price. 

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• On completion of the development, the Developer will obtain a Certificate of Compliance from the Planning & Development Department.  At the Compliance stage, purchasers must attend for snagging within 7 days. The Developer will have 30 days to correct any agreed defects. 

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• Completion of the sale will take place within 30 days of notice of filing of the Condominium Declaration. At this time, you will be required to pay the remaining 80% of the agreed sale price.