Monthly Archives: July 2022

Alexander Hamilton Is Back in Nevis 

“Hamilton, you are back!” 

Under a sunbeam on the water’s edge in Charlestown, Nevis, historian Harvey Hendrickson reads his ode to a still-shrouded sculpture on the lawn. 

A few minutes later, the bronze is revealed, and Alexander Hamilton is finally back in the place of his birth nearly 257 years after his family moved to St Croix. 

It was in Nevis that Hamilton, one of the founding fathers of the United States, must have dreamt and aspired and “as a consequence, achieved great things,” Nevis Premier Mark Brantley said. 

Hamilton, whose towering life returned to the public consciousness with the launch of Lin-Manuel Miranda’s Tony-sweeping musical in 2015, was born on the Eastern Caribbean island in 1757, spending his early years in Nevis and then periods of his youth in St Croix and Statia. 

While his birth abroad in Nevis precluded him from being eligible to serve as president of the United States, Hamilton’s extraordinary career included being the first secretary of the treasury, founder of the Federalist Party, founder of the US Coast Guard and arguably the father of the United States’ financial system, among other achievements. 

Today, Hamilton’s birthplace is a centerpiece of downtown historic Charlestown, Nevis‘ capital, home to a museum and, on the second floor, the site of the Nevis Island Assembly. 

And Hamilton remains a major draw for the island, which has seen a wave of new tourism interest driven by the reinvigorated public curiosity about Hamilton; the island’s top resort, the Four Seasons Nevis, has an Alexander Suite, for example; there’s even an Alexander Hamilton Rum on sale in the museum shop. 

Because it all truly did begin in tiny Nevis, and Hamilton’s Caribbean contribution was the subject of a thoughtful ceremony at the Alexander Hamilton Museum in Charlestown this past weekend, one that included a moving appearance by Hamilton re-enactor Scott MacScott. 

Nevis Premier Mark Brantley delivering remarks at the unveiling.

“We, as I like to say, must agree that the United States owes Nevis a debt of gratitude,” Brantley said. 

In a world where statues and their place are the subject of sometimes tumultuous conversations, the bigger purpose of the Hamilton work  is “not to glorify but to recognize the impact that individuals from small island states can have,” said Jahnel Nisbett, director of the Nevis Historical and Conservation Society. 

The idea is for visitors to come to learn about Hamilton “and leave knowing more about Nevis itself and its rich history,” she said. 

More broadly, the hope is to inspire young people in Nevis “of the contribution of a Nevisian, that an island this size could have contributed so much to a country the size of the United States,” Brantley said. 

The life-size bronze statue, donated by Robin Sommers, is part of a series of statues by American sculptor Benjamin Victor, whose first Hamilton statue debuted at the US Coast Guard Academy in 2018. 

Hamilton re-enactor Scott MacScott traveled to Nevis for the ceremony.

Hamilton, set on the grass in front of his onetime home, is portrayed as a younger man to represent his youth in the Caribbean, carrying a scroll – a symbol of his skills and knowledge, said Nicole Scholet, president of the Alexander Hamilton Awareness Society. 

The series will also include statues in Statia and St Croix, Hamilton’s other stops in the Caribbean. 

And now in Nevis, Hamilton is back, peering out at the sea and the streets of Charlestown, the place that by the caprice of history drove him to one day help forge the American Republic.  

“It’s a welcome addition,” Brantley said. “It reminds us that we are never limited by the station of our birth, only by the extent of our ambition and imagination.” 

The post Alexander Hamilton Is Back in Nevis  appeared first on Caribbean Journal.

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A Secret Caribbean Oasis in Bonaire 

Every time you come back, you feel better. 

Maybe you’ve just spent a morning snorkeling the 1,000 Steps, or a day windsurfing at Lac Bay. 

But the moment you punch in the passcode and walk through the door at Bamboo Bonaire, you feel something. 

It’s not easy for a tiny hotel to cultivate that.

It’s a boutique hotel that’s been around for just over a decade, hidden away in plain sight just off the western coastal road, steps from Captain Don’s and Buddy Dive.

But you’d never know it. Because it feels like its own dimension. 

There are just 13 sleekly-designed rooms here, most of them cottage-style, some of them with their own private patios with magnesium plunge pools or jacuzzis. 

And they’re all wonderfully, deliciously, indulgently quiet. And that’s the biggest story here: the almost impossibly vast sense of tranquility. 

With the high walls and the breeze and the Bonaire sky, you almost feel like you’re somewhere in the American desert — surrounded by cacti somewhere in New Mexico or Arizona. (This is Bonaire, of course, so you do actually have cacti on the other side of the wall.) 

It’s a lovely, ethereal feeling, that you’re in a unique place in space and time – and that’s precisely what Bamboo is trying to achieve.

This is an oasis and a sanctuary, whether you’re a honeymooning couple or on a weeklong aquatic adventure (Bamboo even has its own partnership with VIP Diving, meaning you get 24/7 unlimited tanks on property — just pack up and head to your favorite dive site in Bonaire’s Marine Park). 

A treatment room.

There are the little touches — my name was painted on a wooden sign above the lintel of the door, or the fact that every room has a kitchen or kitchenette and a outdoor shower. 

And then there are the bigger touches: a lovely common area that feels like your own private spa, with a pool and living-room style loungers and a hot tub; a terrific boutique spa and, happily, one of the top restaurants in the Caribbean, CHEFS Bonaire. 

The central hot tub.

It’s not easy to classify it — it’s a boutique hotel, but it’s got all the amenities of a far larger resort; it’s certainly a wellness hotel, but it easily transcends that category. It’s not dive hotel, but you get all of the same needs filled with far more luxury. 

And then there’s that marvelous soundtrack again: shaking palm leaves and desert breezes and wooden chimes. 

This isn’t like any other resorts in Bonaire, and it isn’t really like anywhere else in the Caribbean. 

It’s the kind of place you’ll just keep coming back to. 

For more, visit Bamboo Bonaire

The post A Secret Caribbean Oasis in Bonaire  appeared first on Caribbean Journal.

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Wyndham Adding Riviera Maya, Cancun All-Inclusive Resorts

Wyndham is adding new all-inclusive resorts in the Riviera Maya of Mexico, part of a new, broad alliance with Spanish firm Palladium Hotel Group. 

That will include the Grand Palladium Colonial Resort & Spa, Grand Palladium Kantenah Resort & Spa and Grand Palladium White Sand Resort & Spa, along with the TRS Yucatan Hotel, all of which are in the Riviera Maya on the Caribbean coast of Mexico. 

Wyndham, in the midst of a large all-inclusive expansion, is adding a total of 14 all-inclusive properties in the Palladium Hotel Group portfolio in destinations including including Mexico, the Dominican Republic, Jamaica and Brazil.

The Grand Palladium Jamaica resort.

Later this summer, Wyndham will also add the Grand Palladium Costa Mujeres Resort & Spa near Cancun; two TRS resorts in Cap Cana; a Grand Palladium resort in Punta Cana, Dominican Republic; and the Grand Palladium Jamaica and Grand Palladium Lady Hamilton in Jamaica. 

All of the properties will be joining Wyndham’s Registry Collection, under a long-term agreement “leveraging Wyndham’s extensive distribution,” the company said. 

The move will eventually bring Wydham’s total all-inclusive count to 26 hotels in the hemisphere. 

“Expanding Registry Collection Hotels continues Wyndham’s global growth in the luxury space and grants more travelers access to new, preeminent experiences in some of the most remarkable destinations,” said Geoffrey A. Ballotti, president and chief executive officer of Wyndham Hotels & Resorts. “These unique, all-inclusive hotels are designed to ensure that guests – whether redeeming Wyndham Rewards points or booking directly – will enjoy an elevated vacation.”

The Grand Palladium brand is focused on family-friendly vacations, while the newer TRS brand covers adults-only stays. 

As the all-inclusive space continues to get more competitive, more and more hotel brands are joining forces, most notably Marriott’s alliance with Blue Diamond and, more recently, with Playa.

For more, visit Wydham’s Registry Collection. 

The post Wyndham Adding Riviera Maya, Cancun All-Inclusive Resorts appeared first on Caribbean Journal.

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How Often Do Cash Offers Fall Through?

Selling your house on the market traditionally can be a monumental task. Not only do you have to worry about your seller’s financing falling through, but you also have to take on the task of showing your home to prospective buyers.

Unfortunately, even if you have a buyer who wishes to buy your house for cash, there is a chance the deal could still fall through. So just how often do cash offers fall through? Continue reading below to learn about why cash offers fall through and a better alternative that can put your mind at ease.

How Often Do Cash Offers Fall Through?

Contrary to popular belief, there is still a big chance that your buyer’s cash financing option may fall through. Cash buyers still run into financing issues with their cash flow.

For example, let’s say your buyer planned on using their 401(k) to purchase the home, but the stock market plummeted, significantly affecting how much money they have access to withdraw. This is not uncommon for investments to fluctuate, but this could put a massive stop on your home sale.

Some buyers underestimate how long it takes to get their funds wired out from their financial institution to whoever needs to receive the funds. Many assume that the money will transfer within one to two days when it can take anywhere between ten to fourteen days before the funds will transfer out.

Most homeowners prefer cash sales because it comes with the perk of closing quickly, so as a homebuyer, it is best to have the cash readily on hand before you make an offer. Homebuyers should check in with their financial institution to ask how long the wire typically takes.

Inspection Issues

Another reason why a cash offer could fall through is because of the inspections. Although contingencies are typically reserved for homebuyers who wish to purchase your home with financing, there is still a chance the deal could still fall through even with a cash buyer.

Most cash buyers waive contingency fees so they can close faster and get a better deal. If there are any issues with the house, the cash buyer can negotiate a lower offer to compensate for having to complete those repairs.

It is important to note that although most buyers who use financing come with contingencies, cash buyers too can have their contingencies. Make sure you speak with your buyer and ensure everything is written before you finalize the deal. The last thing you need is for your buyer to be on board in the beginning, and then they decide they need to review the home for contingencies before they finalize their sale.

Unclear Titles

Before you can sell the house, you want to make sure that you have a clear title. Even if someone offers you all cash, the buyer will still want to run a title search on the house to ensure you are the only listed owner of the house.

If there are any issues with the title, you will have to get that taken care of, which can further delay the sale. If you aren’t able to remedy the situation within a timely manner, there is a chance that the buyer may move on to another property.

Past Due Taxes

Tax issues can put a complete stop to the cash sale. For example, even if your buyer has the cash readily on hand and they are in the process of transferring the funds, the real estate transaction can come to a screeching halt if your buyer has tax lawsuits. If the buyer owes child support or back taxes that they haven’t paid, it will show up on their statement of information.

Not Enough Money for Closing

Sometimes home buyers underestimate how much money they need to close on the home sale. In traditional real estate transactions, there are real estate fees in addition to closing costs, but not in cash buying situations.

Since cash sales are typically directly between the homeowner and homebuyer, no realtor fees are involved. This can help the buyer save more, but they must still factor in those closing costs. If they don’t, there is a chance they won’t have enough to close on the sale.

Possible Tenant Issues

If you are a real estate investor looking to sell a property with tenants, your tenants could hold up the closing. For example, if you agreed to have the tenants out by the time the house closes, yet they don’t leave when the time comes, you could fact contractual issues.

Tenants have legal protections that allow them to stay in the property up until the completion of their lease. If you aren’t thorough with your tenants or your seller, the seller may back out of the offer.

Buyer Can’t Sell Their Current Home

In certain instances, a homebuyer may want to purchase your home, with the contingency that they must first sell their previous home. Although you can accept the offer, you may be waiting for some time before the homebuyer sells their home. If they aren’t able to sell the house quickly, you will be left waiting for a long time, sometimes months.

What Can You Do to Prevent a Cash Offer from Falling Through?

Unfortunately, cash offers still fall through, even if everything seems to go along smoothly. Thankfully, there are ways to avoid or prevent a deal from falling through, such as not taking a cash sale with contingencies.

If the buyer wishes to purchase the house, but they have contingencies that you agree with, make sure you read them over. If the contingency is based on the sale of a previous home, you may want to reconsider the offer if you’re trying to sell the house within a timely manner.

Prepare Your House Title

If you purchased your home with a relative, friend, or spouse, they also have ownership over it. Before you can sell the home, you will need their permission to do so. If you don’t, you could face severe legal issues from the other parties involved. The sale also won’t go through because the buyer will want the house to have a clean title to ensure they are the sole owners of this new property.

Ensure Your Home Is in Good Condition

Although it is possible to sell your home even if it isn’t in perfect condition, you may still want to conduct a few repairs before selling the house. If your house has severe repairs needed, your homebuyer will most likely ask for the repair cost to be deducted from the house’s final sale price. If the repairs are too severe, they may walk away from the deal altogether.

To ensure the best results, it is recommended that you do as much maintenance on your house as possible before putting it out on the market. Not everything needs to look completely perfect before you sell the house, but you should make sure the house is well functioning and does not need any severe repairs.

Alternative Cash Sale Option

Did you know that there is an alternate solution that allows you to sell your house quickly without having to worry about a homebuyer’s cash option falling through? These companies are called iBuyers, and they use big data to make all-cash offers to homeowners. These companies have the financial backings needed to offer you a fair price for your home, and they use data from homes that sold near in your area and other data to provide you a fair offer. 

How to Sell to an iBuyer

If you are interested in selling to an iBuyer, you will need to send them your contact information in addition to information about your house. If your home meets the criteria, they will make you a no-obligation cash offer. Once you accept the offer, you have the ability to choose your closing date.

Avoid Having a Cash Offer Fall Through

As a homeowner selling their house, you want to make sure you have a solid offer that won’t fall through. Unfortunately, even when purchasing a home with cash, the offer can fall through, especially if the buyer has contingencies attached to their offer.

Now that you know the answer to “how often do cash offers fall through,” it’s time to get a cash offer that won’t fall through on you. If you are ready to find out how much your no-obligation cash offer is, submit your address here.

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    Mortgage Rates Rise Ahead of Fed’s Big Announcement

    The Federal Reserve is expected to raise its key benchmark rate this coming week. What impact could it have on mortgage rates?

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