RE/MAX Cayman Islands Dominates RE/MAX Corporate and Region Charts for First Half of 2020

RE/MAX Cayman Islands continues to set sales records within the RE/MAX worldwide family of more than 130,000 agents in over 7,500 offices in 100 countries worldwide.

For the first half of 2020, the Lund Team (Kim Lund, Dillon Claassens, Cindy Raymond) ranked #1 and the Bovell Team (James Bovell, Nicholas Dibb) ranked #2 in the Global Owner Team Residential category. The Bovell Team ranked #1 and the Lund Team ranked #2 in the Global Owner Team Commercial category. Mark Gaus is the #2 Top Global Individual Residential. For the Global Individual Commercial category, Michael Binckes ranked #5 and Bianca Alberga ranked #13.

“As with every industry on a worldwide scale, the real estate market has not been unaffected by the global pandemic we are all facing,” noted Broker/Owner Kim Lund. “The fact that our agents continue to be recognized as industry leaders is a testament to their expertise, dedication and determination.”

Additionally, RE/MAX Cayman Islands is the #1 RE/MAX Office in Caribbean and Central America region for first half of 2020 with numerous agents ranking in the top 100 in all categories.

“I want to congratulate all of our agents who ranked in the top 100 producers in the region,” said Broker/Owner James Bovell. “Our rankings demonstrate the strength and growth of the Cayman Islands real estate market not only in the Caribbean and Central America region, but on a global scale.”

 

TOP 100 CARIBBEAN & CENTRAL AMERICA RANKINGS

TOP PRODUERS RESIDENTIAL & COMMERCIAL
#1 Mark Gaus
#2 Michael Binckes
#6 Bianca Alberga
#7 Dillon Claassens
#10 Tamara Siemens
#28 Kass Coleman
#33 Scott Roe
#37 Samantha Payne
#40 Marques Riddick
#42 Heather Richards
#53 Cindy Raymond
#58 Nicholas Dibb
#81 Sheila Siegel

TOP PRODUCERS RESIDENTIAL
#1 Mark Gaus
#5 Dillon Claassens
#8 Tamara Siemens
#23 Michael Binckes
#26 Kass Coleman
#31 Scott Roe
#36 Samantha Payne
#39 Heather Richards
#48 Cindy Raymond
#52 Nicholas Dibb
#61 Marques Riddick
#75 Sheila Siegel

TOP PRODUCERS COMMERCIAL
#1 Michael Binckes
#2 Bianca Alberga
#11 Marques Riddick


How far your pension money can take you in real estate terms

Many people have been tempted to withdraw part of their pension money through the Government’s emergency withdrawal process, which was established to help people with their finances during the coronavirus pandemic. This once-in-a-lifetime opportunity to access some of your hard-earned cash that you have saved for your retirement can be put to extremely good use and can pave the way for you either owning a significantly better property than you could expect to own using savings alone, or owning a property sooner than expected.

Of course, everyone will be withdrawing differing amounts because the amount you receive will vary according to the size of your pension saved. Emergency withdrawal regulations specify that you can withdraw up to CI$10,000 plus 25% of the remaining pension. For this reason, we will examine a few differing scenarios, looking at how far a pension withdrawal - plus savings - can go, when considering purchasing a property. In any case, you have to bear in mind that Stamp Duty costs will equate to 7.5% of the total cost of the property and that other charges will equate to around 3.5%, to a total of approximately 11%.

In the first scenario, let’s assume an individual has been able to withdraw CI$10,000 from their pension, and they have been able to save an additional sum of CI$10,000 during the course of their career so far. Some banks have offered 5% down as a deposit in the past, although this is uncommon nowadays. More often, banks will require you to put down 10% of the purchase price before they will offer you a mortgage on the remainder of the property. So, in this first scenario, if the individual has to put aside a 10% deposit and pay 11% costs, their purchasing power is CI$95,238. This is a substantial sum that could buy you a piece of land which could eventually be the location of your future home, a great investment for anyone. If the bank required 15% down, that figure would reduce to CI$76,923, but this would still enable an individual to get on the all-important property ladder with a piece of land.

The second scenario sees an individual who may possibly have been working for longer, thereby able to save up more in cash, as well as build up more of a pension. If they were to save CI$20,000 and withdraw CI$20,000 they would be able to purchase a condominium for CI$190,476. This is assuming 11% costs and 10% down at the bank. Equally, they could consider purchasing a larger plot of land, or land in a more highly sought-after location. In any case this would still be a great investment. If the bank required 15% down, the purchasing power would be reduced to CI$153,846, perhaps on the low side for a condominium but definitely affordable for a piece of land.

The third scenario sees a couple who may have been working for a while and managed to save a more considerable sum of CI$50,000 and who have been able to withdraw a total of CI$50,000 from their pensions between them. A total of CI$100,000 to be used to purchase a property will enable them to purchase a substantial property for CI$476,190, assuming the same 11% in costs and having to put down a 10% deposit with the bank. If the bank wanted 15% down that amount would reduce to CI$384,615, still a tidy sum which can be used to buy a home.

In all of the above scenarios we are trying to illustrate the huge purchasing power of a relatively small amount of savings when combined with a pension withdrawal. Combining the two gives an individual or a couple purchasing power that they could not ever have expected to have before the Government’s emergency withdrawal plan came into place. It could help you get onto the property ladder a lot sooner than you could imagine, or help you purchase a more substantial piece of land or a property that was previously out of your reach.

If you’d like to learn more, please contact us at 233-3000.


Business is fully open including showings

RE/MAX Cayman Islands is extremely grateful that the Cayman Islands Government has given us, and the rest of the real estate industry, permission to open up our offices and start property showings.

In accordance with Public Health Law regulations, specific rules and procedures have been outlined for both within our office and at property showings.

With respect to showings, we’ve put together a topline overview to show you what showings will be like during this new norm (see graphic on next page). Everyone in our office is committed to follow all protocols and safety measures as we welcome this new norm.

Please keep in mind that showings are only permitted on your corresponding day based on your surname. As a reminder, Mondays, Wednesdays and Fridays are A to K and Tuesdays, Thursdays and Saturdays are L to Z.

The entire RE/MAX team has been working tirelessly during our lockdown to ensure transactions have been moving ahead.

Our office, which is located in 7 Mile Shops, is open from 8AM to 6PM Monday through Friday and on Saturday from 9AM to 3PM. Please not hesitate to contact us with any questions at 233-3000.


In This Together Campaign Raises More Than CI $47,000 for Local Charities in 4 Months

Since its launch on March 27th, the “In this Together” campaign started by RE/MAX Cayman Islands has donated more than CI $47,000 to local charities and plans to continue the campaign through the Summer.

The purpose of the “In this Together” campaign is to support Cayman by giving back. The primary focus has been donations to local charities, who are both critical and the most vulnerable throughout this pandemic, as well as some of the most needed services.

“When faced with a crisis, the one thing the people of the Cayman Islands can be proud of is how we come together as one and the “In this Together” campaign has been no different,” added James Bovell, Broker/Owner at RE/MAX Cayman Islands. “In more ways than ever before, Cayman has come together…as one.”

To date donations have been made to Meals on Wheels, Kiwanis Club of Cayman for their Homeschool Lunch Program, Cayman Islands Food Bank, Cayman ARK, the Alex Panton Foundation, Feed Our Future, Cayman Islands Crisis Centre and One Dog at a Time.

With each new donation by RE/MAX Cayman Islands, promoted on both social media and on the “In this Together” website (www.inthistogether.ky), RE/MAX Cayman Islands also launched a “match campaign” wherein we encouraged everyone who could to also donate to these charities. RE/MAX then matched those donations as well.

“We’d like to thank every single individual and company who donated to the “In this Together” initiative as part of our match campaign,” added Kim Lund, Broker/Owner at RE/MAX Cayman Islands. “As a result, an additional CI $20,000 in donations has been generated for these much-needed charities.”

A huge thank you to the following RE/MAX Cayman Islands agents who also made individual donations to the “In this Together” campaign.

Michael Binckes
Mark Gaus
Bianca Alberga
Dillon Claassens
Heather Richards
Kass Coleman
Sheila Siegel
Marques Riddick
Cindy Raymond


Welcome to the team Stephen Rivers


Stephen Rivers RE/MAX Cayman Islands

Born and raised in the Cayman Islands, Stephen Rivers is our newest Sales Associate at RE/MAX Cayman Islands.

Stephen recently completed the first ever 3-year apprentice program at RE/MAX Cayman Islands where he gained vital experience and knowledge of all aspects of the real estate industry from working with and among experienced Sales Associates, the Brokers and Administrative team.

In addition to completing the apprentice program, Stephen was also attending University where he recently completed his Associates in Business Administration.

“We are very impressed with Stephen and his commitment as a young Caymanian,” added James Bovell, Broker/Owner at RE/MAX Cayman Islands. “He has shown exceptional dedication and passion during his 3-year apprentice program and he will undoubtedly be an excellent Sales Associate. Well done Stephen.”

“Stephen is a shining example of how drive and a positive attitude can lead to success,” added Kim Lund, Broker/Owner at RE/MAX Cayman Islands. “He is a hard worker, always on time, and incredibly dedicated. I look forward to helping him achieve his career goal of becoming a successful Sales Associate with RE/MAX”.

Early this year, Stephen attended R4 in Las Vegas, which is the annual worldwide RE/MAX convention where he carried the Cayman Islands flag during the opening ceremonies parade of countries celebration. He also spearheaded the RE/MAX Cayman Islands display at the Global Referral Exchange meeting hundreds of RE/MAX agents from all over the world.

Outside of work, Stephen is very passionate about soccer and has been involved in the sport since the age of 8. He currently plays for a local team and has represented the Cayman Islands at the national level.

“I am hardworking, committed and passionate about real estate and my mission is to dedicate my time and energy into achieving your real estate goal or dream in the most efficient way possible,” added Stephen Rivers.


Welcome to the Team Lavern Welcome


Lavern Welcome RE/MAX Cayman Islands

 

Driven by passion, integrity, hard work and determination, Lavern Welcome is a passionate Sales Associate who is committed to using her skills to fulfill her clients’ real estate needs.

Lavern is a native of Jamaica who has been living on the island of Grand Cayman since 1991. She is a graduate of The University College of the Cayman Islands (UCCI) where she earned a Bachelor’s Degree in Finance.

Having a strong passion for real estate from her late 20s, Lavern always believed that she would become a real estate Sales Associate. Although it was very challenging working full time, going to school and having a family to take care of she stayed focused on achieving her dreams.

“We are pleased to welcome Lavern to RE/MAX Cayman Islands,” added Kim Lund, Owner/Broker at RE/MAX Cayman Islands. “Her passion for real estate is evident and I have no doubt she will excel within our strong, dedicated and outstanding team.”

Coupled with her warm friendly approach, Lavern has over ten years’ experience in finance and sales in addition to her many years of experience as an entrepreneur, Bank Supervisor, Sales Agent and Human Resources Assistant.

“Lavern brings to our team excellent customer service and keen negotiating skills,” added James Bovell, Broker/Owner at RE/MAX Cayman Islands. “She will be a great addition to our team of 23 Sales Associates.”

As a Real Estate Sales Associate, Lavern will be an advocate for you, whether you are buying, selling, or renting. She is committed to satisfying her clients by delivering exceptional service and establishing lifelong relationships.

 


Welcome to the team Samantha Payne

Samantha Payne RE/MAX Cayman Islands

Samantha started her career in Real Estate as a Saturday girl at 18 whilst at University in leafy Surrey. Samantha had a great career in Rentals and Property Management for the next 8 years in Surrey, West London and then Central London and then took a vacation to Grand Cayman in 2010, where she fell in love with the Island and moved here soon after to become the Realtor she is now.

Since November 2010 Samantha has become a trusted Real Estate Advisor for both Sales and Rentals and has gained a wealth of experience in the property market including Sales and Rentals, New Developments, Property Management and Relocation Services.

“We are thrilled to have Samantha on board at RE/MAX Cayman Islands,” added James Bovell, Owner/Broker at RE/MAX Cayman Islands. “She brings with her tremendous experience and passion about real estate and will be a strong asset to our ever-growing company.”

Having moved home herself in Cayman 11 times in less than 10 years, she knows what it takes to buy and sell and move to a new house!

“The strength of the RE/MAX brand and the ongoing success of our office helps us attract some of the best agents in the industry to RE/MAX Cayman Islands,” added Kim Lund, Owner/Broker at RE/MAX Cayman Islands. “Samantha joins our office of 23 full-time agents thus creating more than 300 combined years of real estate experience.”

When Samantha is not hard at work, she can be found enjoying the best Cayman has to offer: on the beach with her dogs, boating or making the most of Cayman’s restaurants!

Samantha's professionalism and integrity are what keeps her buyers, sellers, tenants and landlords coming back time and again. Contact Samantha if you need to know about Buying, Selling, Rentals or Property management.


RE/MAX Cayman Islands Dominates Awards at RE/MAX Worldwide Convention R4

RE/MAX Cayman Islands is proud to announce it received 8 of the highest-ranking Global awards at this year’s R4 convention, which was held in Las Vegas from February 24-27. R4 is RE/MAX corporate’s annual worldwide convention that attracted over 6,000 attendees this year from all over 100 countries.

“At RE/MAX Cayman Islands, we continue to strive to not only be the #1 real estate office in the Cayman Islands, but also one of the best in the world,” added James Bovell, Broker/Owner of RE/MAX Cayman Islands.

RE/MAX Cayman Islands won the Broker/Owner of the Year Award for Kim Lund and James Bovell. This is the only award given on an annual basis.

“Not only has our office of 24 agents surpassed any other office in the region,” commented Kim Lund, Broker/Owner of RE/MAX Cayman Islands, “but to win the Broker/Owner of the year amongst more than 7,500 offices worldwide is a tremendous honor and accomplishment for our entire office.

”Among over 35,000 RE/MAX Global agents and in the Top Global Residential Team Leaders category, Kim Lund, Dillon Classens and Cindy Raymond (The Lund Team) ranked #1 and James Bovell and Nicholas Dibb (Bovell) ranked #3.

In the Top Global Commercial Teams Category, Kim Lund, Dillon Claassens and Cindy Raymond (The Lund Team) ranked #3, and James Bovell and Nicholas Dibb (Bovell) ranked #9.

In the Top Global Commercial Individuals category, Michael Binckes ranked #3.Susan Boyko was honored with the Lifetime Achievement Award.


Bianca Alberga RE/MAX Cayman Islands

RE/MAX Cayman Islands Welcomes New Sales Associate Bianca Alberga

Bianca Alberga RE/MAX Cayman Islands
Bianca Alberga RE/MAX Cayman Islands
As a native of the Cayman Islands, Bianca has an in-depth knowledge of its warm and welcoming people, their local customs and traditions, and its international community. Bianca graduated from Elon University with a major in International Business and Entrepreneurship. Wanting to continue to hone her business skills, she went on to earn a dual master’s degree in Global Innovation Management at NC State University and Global Luxury Management at Skema Business School in Paris.
Bianca’s approach to real estate is simple, treat every client like they’re family. She listens intently to each of her clients’ needs to achieve the best outcome in every transaction. Her goal is to ensure that when purchasing a new home, selling an existing property, establishing a commercial presence or joining the innovative development market, the experience will be exciting, enjoyable and stress-free. Bianca’s passion for the Cayman Islands gives her the enthusiasm and drive to make her home, your home.