Selling property in Jamaica has evolved significantly over time. The “Registration of Titles Act” was enacted in 1889, establishing the Torrens system of land registration, which aimed to create certainty and transparency in land ownership. This act provided the legal framework for recognizing and registering land titles in the country. Later, in 1987, the Real Estate Board was established to introduce more structured and regulated practices for the real estate industry. Today, sellers have various options beyond the traditional private treaty sale, including auctions, part-exchanges, and quick cash sales.
Private Treaty
The most common method in Jamaica, private treaty involves listing a property at an asking price and receiving offers from buyers. Once an offer is accepted, the transaction moves to a formal agreement. In some cases, sellers may use a “sealed bid” process to select the most favorable offer from multiple bidders.
Auction
Auctions are ideal for quick sales or properties wi…
