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


RE/MAX Cayman Islands continues to dominate the world of real estate and its agents were recently recognized at R4, the annual RE/MAX convention held in Las Vegas from February 25-28.

“Not only has our office of 22 agents surpassed any other office in the region,” commented Kim Lund, Broker/Owner of RE/MAX Cayman Islands, “but several agents have been recognized as leaders in the international arena for RE/MAX.”

Three Associates received career awards for their outstanding success at RE/MAX. James Bovell was honored with the Luminary of Distinction Award, which has only been award to 54 active RE/MAX agents worldwide and celebrates a career of at least 20 years with the company. Cindy Raymond was honored with the Hall of Fame Award.

“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.

The following agents also received the following club awards for 2018:

Kim Lund – Diamond Club
James Bovell – Diamond Club
Michael Binckes – Chairman’s Club
Scott Roe – Chairman’s Club
Kass Coleman – Chairman’s Club
Dillon Claassens – Platinum Club
Tamara Siemens – Platinum Club
Mark Gaus – Platinum Club
Susan Boyko – 100% Club
Edna Ebanks – 100% Club
Cindy Raymond – 100% Club
Heather Richards – 100% Club
Richard McMillan – 100% Club

RE/MAX Cayman Islands is the #1 RE/MAX Office in the Caribbean and Central American Region for 2018

RE/MAX Cayman Islands is the #1 ranked office in the Caribbean and Central American region for RE/MAX in 2018. This region consists of 500 Associates with 73 offices in 34 countries.

RE/MAX Cayman Islands dominated the top 4 spots for both Residential, as well as Residential & Commercial and the second spot for Commercial.

Kim Lund, Broker/Owner, ranked #1 Producer for Residential, as well as Residential & Commercial. James Bovell, Broker/Owner, ranked #2 Producer for Residential, as well as Residential & Commercial. Michael Joseph, Sales Associate, ranked #3 Producer for Residential & Commercial and Residential and Stefan Prior, Sales Associate, ranked #4 Producer for Residential & Commercial and Residential. Additionally, Michael Binckes ranked #2 for Commercial.

“I feel very fortunate to receive this honour to be named the #1 Producer for both Residential and Residential/Commercial,” noted Kim Lund. “I am happy to be able to work every day in a business that I thoroughly enjoy and am very passionate about and I also want to congratulate our hardworking Agents who ranked in the top 100 Producers for the region.”

“RE/MAX Cayman Islands touts top-ranked Agents not only in the Cayman Islands, but in the entire Caribbean and Central American region,” said James Bovell. “We strive to provide top-notch customer service to our clients and our rankings in the region clearly illustrate our ongoing success.” “RE/MAX Cayman Islands sets the bar high for their team members and everybody in the RE/MAX network around the world,” commented Ricardo Cardenas, Regional Director of RE/MAX Caribbean and Central America. “They are an exemplary Office that represents us well in the very sophisticated, highly competitive market of the Cayman Islands. You can tell that their work systems are well-oiled because transactions run smoothly from the moment clients call the front desk to the moment when they shake hands at the closing table, and after beyond.”

Top Producers Residential and Commercial

#1 Kim Lund
#2 James Bovell
#8 Scott Roe
#10 Michael Binckes
#11 Kass Coleman
#12 Tamara Siemens
#17 Mark Gaus
#19 Dillon Claassens
#35 Susan Boyko
#37 Heather Richards
#42 Edna Ebanks
#64 Richard McMillan
#67 Cindy Raymond

Top Producers Residential

#1 Kim Lund
#2 James Bovell
#7 Scott Roe
#9 Kass Coleman
#10 Tamara Siemens
#15 Mark Gaus
#17 Dillon Claassens
#19 Michael Binckes
#30 Susan Boyko
#35 Heather Richards
#38 Edna Ebanks
#60 Richard McMillan
#63 Cindy Raymond

Top Producers Commercial

#2 Michael Binckes

REMAX Stride Against Cancer

RE/MAX Cayman Islands Sponsors Stride Against Cancer

Once again, RE/MAX Cayman Islands was proud to sponsor a water stop at this year’s Nationwide Stride Against Cancer 2018 that was held on January 27th. The event was a huge success with over 1,000 participants running and walking to raise awareness for cancer support in Cayman.

James Bovell Scott Roe Kim Lund

Scott Roe Celebrates 25 Years with RE/MAX

James Bovell Scott Roe Kim Lund
James Bovell Scott Roe Kim Lund

RE/MAX Cayman Islands is proud to celebrate the 25th anniversary of Sales Associate, Scott Roe.

Scott has called Cayman his home for over 35 years and has worked in every aspect of real estate marketing and sales in Cayman.

Over the years, Scott has been involved in many community activities both within the RE/MAX Cayman Islands family and in his personal life.

“It has been an honor to work beside Scott for these last 25 years,” commented Kim Lund, Broker/Owner of RE/MAX Cayman Islands. “Scott is an outstanding and very successful agent, due to his incredible dedication to everyone he works with.”

Since joining RE/MAX, Scott has excelled and achieved many awards including the prestigious Lifetime Achievement Award, Hall of Fame Award and Chairman’s Club Award from RE/MAX Global.

“I love my work and feel fortunate that I was asked to join the RE/MAX Cayman Island’s team 25 years ago. The dedication of Kim and James to continually move our company forward with the latest technology and methods has enabled us, as agents, to provide optimum service to our Buyers and Sellers. Helping them achieve their dreams and investment goals is a very rewarding experience”, added Scott Roe, Sales Associate.

“Scott’s dedication to both his customers and RE/MAX are what makes RE/MAX Cayman Islands such a unique place to work,” added James Bovell, Broker/Owner of RE/MAX Cayman Islands. “RE/MAX prides itself on hiring only career professionals whose both full-time and lifetime job is to provide the best customer experience and Scott is one of our best.”

Nicholas Dibb REMAC Cayman Islands

RE/MAX Welcomes New Sales Assistant Nicholas Dibb

Nicholas Dibb REMAC Cayman Islands
Nicholas Dibb REMAC Cayman Islands

RE/MAX Cayman Islands is proud to announce the new Sales Assistant on the Bovell Team, Nicholas Dibb.

Nicholas was born and raised in the Cayman Islands and then went abroad and obtained his Business Management diploma with London South Bank University. Even though he is early in his career, Nicholas has already put his business knowledge to work, displaying considerable entrepreneurial skills working in London. He is now poised to infuse his energy and passion for real estate into our growing team.

Confident and personable, Nicholas brings with him a young perspective to expand Bovell’s reach further within the community and beyond. Nicholas comes from a family of property investors all over the world and has networked with high net worth individuals and is also extremely familiar with the Cayman Islands and its infrastructure.

“We are thrilled to have Nicholas on board at the Bovell team at RE/MAX Cayman Islands,” commented James Bovell, broker/owner. “He brings a great sense of passion and energy to the office and he will be a great addition to our team.”

“RE/MAX Cayman Islands prides itself on developing a team of outstanding real estate agents,” added Kim Lund, broker/owner. “We have agents with a 27-year history with our company and Nicholas is a great addition to our strong, successful and dedicated team of 22 agents.”

12-18-18 Seniors Rock Dress Down Day for Meals on Wheels

RE/MAX Cayman Islands Celebrates Incredible Year

12-18-18 Seniors Rock Dress Down Day for Meals on Wheels
12-18-18 Seniors Rock Dress Down Day for Meals on Wheels

As RE/MAX Cayman Islands closes out 2018, we thought we’d take a look back at some of the year’s incredible highlights. We started the year with a bang at R4, the worldwide RE/MAX convention, with The Lund Team, Bovell and Property Cayman being honored as the #1, #2 and #4 International Teams. Michael Binckes was also honored with the Lifetime Achievement Award.

Throughout the year, RE/MAX Cayman Islands continuously supported our community through various sponsorships and fundraisers including the Flowers Sea Swim, Breast Cancer Gala, Earth Day Road Side Clean-up, “Seniors Rock” Dress Down Day for Meals on Wheels, Brenda Tibbetts-Lund Memorial Walk, “Hope Grows” Cancer Foundation luncheon, “Rock Your Socks” in support of World Down Syndrome Day, Stride Against Cancer, Cayman Islands Crisis Centre, Dress in Pink fundraiser, Light up the Night, and Cayman 27’s Christmas for Kids, among others.

Janet Doyle

RE/MAX Cayman Islands Welcomes New Sales Associate Janet Doyle

Janet Doyle
Janet Doyle

Originally from Ontario, Canada, Janet has been living permanently in the Cayman Islands with her husband Keith for over 13 years. Together they are raising 3 children, the 2 girls are 9 and 14 and their eldest is a 16-year-old young man. They certainly keep Janet busy, but luckily she has the extra support from her Irish-Caymanian in-laws who’ve resided on Grand Cayman since 1992.

After graduating from Western University in Ontario with a Degree in Political Science, Janet stared out in various sales and hospitality roles throughout the world. Always having felt she’d end up in real estate, her passion was inflamed once she met Keith as his family dabbled in construction and real estate for decades.

After moving her home and family across continents on numerous occasions over the years, Janet has fist hand experience and knowledge as to what a family is looking for in a home. Janet added, “I cannot wait to help people find their home.”

“I’ve known Janet personally for more than 10 years and I think I’ve been asking her to join us since the first day I met her,” commented Kim Lund, Broker/Owner at RE/MAX Cayman Islands. “Janet is always taking time for everyone she meets. She joins our talented and dedicated team of agents, which is now 22 strong, and the largest real estate company on island.”

“RE/MAX Cayman Islands continues to develop the best team of real estate agents in Cayman,” added James Bovell, Broker/Owner at RE/MAX Cayman Islands. “Janet brings an extensive knowledge of the Cayman marketplace and her personality is uniquely suited to customer service in real estate and we are proud to have her on board.”

Why should I hire a real estate agent to sell my home?

There’s a reason nearly 90% of sellers use a listing agent: selling a home takes time, knowledge of neighbourhood trends and negotiating skills. So, while eliminating the agent’s commission sounds tempting, try to resist.
The agent’s chief tasks are to help set the right price and then get buyers in the door. Agents have access to the most up-to-date information about recent sales of comparable homes (“comps”) and competing listings in your neighbourhood. On average, agent-assisted sales generate a 15% higher selling price versus a sale by owner. Right now, the market in the Cayman Islands is shifting every day. It’s the agent’s job to keep abreast of those changes.
A good agent will also market your home aggressively. That means recommending staging techniques to make the place look great, maximizing the listing with professional-quality photographs and showing the house to prospective buyers. In addition, your property will be included in the MLS system for all CIREBA (Cayman Islands Real Estate Brokers Association) members. CIREBA monitors their members’ transactions and conduct, and a company may lose their membership for non-compliance or unethical dealing. Most important, the agent will vet potential buyers so you can deal only with serious prospects.
Once you’ve found a buyer, the agent will negotiate counter offers, track the paperwork and generally hand hold through the most nerve-racking part of the process.
Think hard about the time and effort you want to spend, particularly if the process drags on. The average home takes over 12 months to sell.
Now, that you’ve decided to use a listing agent, RE/MAX Cayman Islands offers additional marketing and experience other agencies do not. RE/MAX publishes this magazine 24 times yearly, which is distributed in the Friday edition of the Cayman Compass and to more than 600 companies on all 3 islands. With a presence in over 110 countries and territories, the RE/MAX network’s global footprint is unmatched by any other real estate brand. Nobody in the Cayman Islands sells more real estate than RE/MAX Cayman Islands and our 20 full-time agents average more sales than other agents. 
If you would like information about selling your property, give us a call today at 233-3000.

Stamp Duty Amendments Proposed

Concessions on Stamp Duty for Caymanians buying their first home or land to build will increase in the new year.

The Cayman Government seeks to amend the Stamp Duty Law (2013 Revision) to primarily help first time Caymanian property buyers and low income members of the public.

The threshold before people pay the tax will be increased from $100,000 to $150,000 on land and from $300,000 to $400,000 on built property. Caymanians who are making their first property purchase as raw land that is over $150,000 but less than $200,000 will pay a reduced rate of only 2% stamp duty, and those able to purchase a building which is priced over $400,000 but less than $500,000 will also only pay 2% stamp duty.

The concession will also be available to two or more Caymanians, but not more than ten, that are buying property collectively for the first time. If the value of the property with a building on it does not exceed $500,000, then there is no stamp duty to pay, and if the couple or group is buying raw land with a value under $300,000, then there is again no stamp duty to pay. The bill also specifies a 2% rate of stamp duty for acquisitions with built-up property that do not exceed $600,000 and $350,000 for raw land.

Currently, the thresholds for concessions are $100,000 for purchase of raw land (land with no buildings on it) and $300,000 for purchase of apartments, condos or houses by first time Caymanian buyers.

Minister for Finance and Economic Development, Hon. Roy McTaggart explained, "We are willing to forego revenue to ensure that the financially disadvantaged, as well as young Caymanian families starting out in life, get a further break. This is also Government's way of trying to help all lower-income persons in the Cayman Islands attain property ownership".

The bill also closes a loophole that Government said some property developers were using to cut stamp duty charges. Increases in revenue that results from closing this loophole could be used for public infrastructure projects and other programs.

Explaining how the new bill also proposes to address the linked property transactions, he said that where the value of the property exceeds $300,000, those deals will now attract a 7.5% stamp duty levy. “We are closing the loophole whereby some property developers have sought to minimize stamp duty charges. The practice has resulted in a very material loss of revenue

due to government — revenue that we can invest in areas such as much-needed infrastructure projects, as well as social programmes to help the most vulnerable members of our community,” McTaggart added.

But even in the case of a linked property transaction, if the value of the property with a dwelling on it does not exceed $300,000, the stamp duty payable is only 3% for both Caymanians purchasing property at least for the second time and non-Caymanians.

For Caymanian first-time buyers in a linked property transaction, with the purchase price not exceeding $300,000, the First-Time Caymanian Property Ownership Concession Programme will still exempt them from paying any duty. If the property purchase exceeds $300,000 but is below $500,000, the first-time Caymanian buyer will pay either no stamp duty if the value does not exceed $400,000 or 2% if it exceeds $400,000 but is below $500,000.

To prevent the payments becoming onerous, in a linked property transaction in which the value of transaction exceeds $300,000, stamp duty is due at the 7.5% rate but it can be paid in two instalments of 3.75% for each tranche.

11-2-18 Brenda TL Walk 2018 - Team REMAX

RE/MAX Cayman Islands Celebrates 21 Years of Sponsoring the Brenda Tibbetts-Lund Memorial Walk

RE/MAX Cayman Islands was proud to sponsor the Brenda Tibbetts-Lund Memorial Walk/Run on Sunday, October 14. Starting and ending at Public Beach, this event is organized every year by the Lions Club of Tropical Gardens.

All monies raised by the organization goes towards breast cancer awareness, assistance to breast cancer patients and free mammogram screening vouchers for all those who need one.