Puerto Ricans fume as outages threaten health, work and school

… JUAN, Puerto Rico (AP) — Not a single hurricane has hit Puerto Rico this … 90s Fahrenheit.
“Like any Puerto Rican, I live in a … air conditioner and refrigerator.
Puerto Rico‘s Electric Power … and distribution in June. Puerto Rico‘s governor said …

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This Saint Lucia All-Inclusive Resort Is Now Open

One of the most popular all-inclusive resorts in Saint Lucia is back, Caribbean Journal has confirmed. 

The St James’s Club Morgan Bay resort is officially open once again. 

The property, just a short drive from both Rodney Bay and Saint Lucia’s capital, Castries, has a total of 345 rooms.

 

Amenities include six restaurants; six bars; four pools, including two beachfront pools, one with a swim-up bar; and a special adults-only hilltop pool. 

The family-friendly resort is part of the Elite Island Resorts portfolio, which includes properties in Antigua, Barbados, St Vincent and the Grenadines, Panama and Saint Lucia. 

all-inclusive saint lucia resort open

The resort “is open and better than ever,” the property said in a statement. 

As per Elite Island Resorts’ company-wide policy, all guests at the St James’s Club Morgan Bay resort ages 16 and over must present proof of vaccination upon check-in

all-inclusive saint lucia resort open

That means a written CDC card, NHS vaccination report, pass or a certificate or official vaccination receipt from Canada. 

For more on Saint Lucia’s entry protocols, see here

For more, visit the St James’s Club Morgan Bay Saint Lucia

— CJ

The post This Saint Lucia All-Inclusive Resort Is Now Open appeared first on Caribbean Journal.

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Legacy of brother encourages local man to give back, share Puerto Rican heritage

… the President of the popular Puerto Rican festival. He’s been … who we are as Puerto Ricans and educate the younger … that may not have experienced Puerto Rico,” Ortiz said. 
Through Ortiz … It’s a Puerto Rican festival. We just raised the Puerto Rican flag. And …

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In Anegada, Finding the British Virgin Islands’ Bucket-List Hotel

You’re perched above the dunes at the edge of the Caribbean, just you and the breeze and the frothing waves. 

This is Anegada, the frontier of the British Virgin Islands and the island that’s the most closely-guarded secret in an archipelago full of them. 

It’s a place for beach lovers, for those searching for a Caribbean that doesn’t really exist anymore, for a sandy dream; a place for mopeds and jeeps, rum punch afternoons on Loblolly Bay and lobster dinners at the water’s edge. 

The latter can quickly become a daily ritual — this being the Caribbean Capital of Lobster.

And here on the dunes you’ll encounter the pinnacle of the Anegada experience. 

This is the Anegada Beach Club, the island’s leading hotel, a bucket-list destination that’s always drawn in-the-know travelers to a place beyond what you know of the Caribbean. 

And it’s the most unique luxury hotel in the BVI, a destination that has no shortage of high-level resorts. 

There’s just something different about this one; whether you’re spending your days at Tommy Gaunt’s on-site kitesurfing school or going toes-in-the-sand with a painkiller all day, there’s always a sense of adventure, of energy. 

Even as the luxury abounds, there’s no pretense here — it’s all about authenticity, the feeling of being connected to this untouched corner of the Caribbean. 

There are two options here: sleek, crisply designed hotel rooms; and a collection of beachfront “palapa retreats,” the ultimate in Caribbean clamping. 

And in the age of social distancing, this is the zenith, where you’ll practically have the whole beach, the whole island to yourself. 

In these breezy, chic, endlessly romantic oceanfront rooms, you’ll be closer than ever before to the beauty and magic of the West Indies, with a raw, visceral experience married to all of the comforts of luxury design. 

You can travel all around the Caribbean and never find anything like this. 

And that’s a wonderful thing. 

For more, visit the Anegada Beach Club

— CJ

The post In Anegada, Finding the British Virgin Islands’ Bucket-List Hotel appeared first on Caribbean Journal.

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Contingent vs Pending: What’s the Difference?

Buying and selling a house is not exactly a straightforward process. From the moment you contact a seller up until the final signature, the listing will go through some steps. There are two listing states people stumble over: the contingent and pending status.

But what do these statuses mean? How far from closing the deal are you when the house of your dreams moves to one of these stages? After reading this article, you’ll know exactly what happens at each of these stages. Let’s dive in!

The Difference Between Contingent and Pending Real Estate

Understanding the contingent and pending states, as well as the distinctions between them, will assist you in identifying opportunities that others may overlook. The difference between the two lies in where the listing is placed in the selling process: 

The Contingent State

In real estate, “contingent” means the seller has accepted your offer with conditions, or criteria, that must be satisfied before the transaction can close. If you cannot fulfill the stipulations, the seller can cancel the contract. Since this circumstance could reset your house sale, the contingent state is not the best state for you as a buyer. Multiple reasons can lead to a contingent state:

  • Appraisal contingency: You don’t want to pay a property more than what it’s worth except when the market is hot. Mortgage lenders may demand an appraisal to make sure that the property isn’t overpriced. The appraisal contingency states that a property must be appraised at the sale price or higher for a deal to continue. You are allowed to ask for a lower price or to back out of the deal if the home appraises for less than the sale price.
  • Home inspection: As a buyer, you may want a house inspection contingency, which gives you additional alternatives after the inspection. After the inspection report is provided, you have the option to simply terminate the contract if you are unable to adequately negotiate the fixes you need, or if the examination finds a bigger underlying issue that you are unwilling to deal with.
  • Mortgage approval process: While your mortgage isn’t approved, the listing will remain contingent. If you cannot get the home loan or mortgage required, this contingency will either give you time to seek alternative financing choices or allow you to walk away from the contract entirely.
  • Sale of buyer’s home: Although selling first makes sense in most instances, time and finance don’t always align. This clause helps you to make sure that you have time to sell and settle your current house before buying a new one. For example, if an existing house does not sell for the asking amount, the buyer may back out without legal repercussions. House sale contingencies may be problematic for the seller, who may have to reject another offer until the contingency is resolved. The seller may terminate the contract if your house doesn’t sell within a certain time frame.
  • Legal contingencies: During the house purchasing process, an attorney or title firm will search the property’s title. The title is a record of ownership and is required for selling. Most title problems need to be addressed before closing. In certain cases, the seller may not be able to legally establish ownership of the property. A title contingency protects you by enabling you to walk away if problems are not addressed before closing.

So, the listing remains active while under the contingent status and the seller may still accept other offers. Once all contingencies are met, the property will move forward to the pending state.

The Contingent Statuses

While being under a contingent state, the listing can have different sub status, informing you of the remaining possibilities regarding this home. Here are three of the most common statuses:

CCS – Continue to Show

A listing with the status Contingent – Continue to Show, or CCS, indicates that the seller has chosen to acknowledge offers from other expected purchasers while maintaining the status quo. 

Contingent – No Show

In a Contingent – No Show situation, the seller has chosen not to display the property any longer or to acknowledge any new offers, even though all contingencies have not been satisfied. 

Short Sale Contingent

It is the point at which the vendor has demonstrated that they are willing to accept less money than the amount owed on the mortgage. It can take a long time to complete a short-deal transaction interaction. 

Kick-Out Clause

In the home sale contingency period, a seller who accepts an offer with a kick-out clause has more leverage (the period during which the contingency must be met). Some sellers may use other contingencies, such as the financing contingency, to show that you are unable to purchase the property. The original contract will be voided, allowing the seller to negotiate with the higher bidder. 

The Pending State

When a house is scheduled to close and all contingencies have been met or waived, its status is changed to “Pending”. At this point, you are very close to making the deal. All the contingencies are met and nothing is holding you from proceeding to the sale, except the remaining paperwork and legal work that may take some time to get done. But as the sale is not complete, the seller can still decide to accept backup offers.

The Pending Statuses

Once your property’s listing is in a pending state, it can have different sub statuses.

Pending – Taking Backups

This status indicates that the seller is still accepting backup offers for this property.

Pending Short Sale

When an offer that’s accepted is defined as a short sale, the property is going through the last steps of the process with the mortgage holder. With the Pending Short Sale status, the seller may not receive new offers and the listing is no longer active.

Pending, Release/Continue to Show:

The seller accepted your offer, and contingencies have been met. But a “kick-out clause” remains for you or the seller. The seller can still show and accept offers.

Pending – More Than 4 Months

When an accepted offer has been on hold for more than four months, the MLS applies this status automatically. This could be a sign that something about the sale transaction is taking longer than expected. It may also be that the listing agent forgot to change the status from Pending to Sold after closing.

Can I Buy a Contingent Property?

It’s not too late to make an offer on a contingent listing. The property might have acquired this status because the buyer does not meet all requirements. This could be your chance to make a stronger offer and take the first place. If your offer is compelling, the seller’s agent will want to speak with you. A quick conversation between the professionals will probably reveal the deal’s viability. Remember that sellers who accept a contingent offer without a “kick-out clause” may not be able to back out. 

Can I Buy a Pending Property?

The short answer is yes, as pending does not mean sold. As we’ve seen above, at this point the seller may still accept backup offers. So if this house seems to be the one, it’s worth making an offer. Yet, your offer needs to be rock solid. The seller at this stage is unlikely to be willing to take risks by accepting offers with too many contingencies. Therefore, make sure you are financially strong enough to close the deal.

How To Place An Offer on a Pending or Contingent Property?

The best way of doing it is to contact your real estate agent. Then, make sure you follow our tips to put all the chances on your side

  1. Be strong financially. Present a complete offer, including mortgage pre-approval and proof of funds. Offer more than the asking price if you can.
  2. Show flexibility. Demonstrate that you are not in a rush. Don’t make every comma in the contract mandatory. Allow the vendors additional time to pack their belongings, for example. This has the potential to have a significant influence.
  3. Send a letter. The good old letter can make the difference and pique the sellers’ interest.
  4. Remain available. You want the seller to be aware that you’re ready to move as soon as they are. Keep in touch with your agent regularly to ensure that you remain on their radar if anything changes.

Get An Offer On Your Home Now

Not everyone is a real estate agent, and selling a house can be a complicated matter. That is why iBuyer does the job for you, by finding you the perfect match for your property.

Head now to our iBuyer tool, designed for home sellers. With your home address and a few more details, we will calculate the value of your house and find you a iBuyer within minutes, with a no-obligation cash offer.

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