Buyers and lenders in Grand Cayman do not always arrive at the same number, and the gap between an agreed price and a bank appraisal is where financing quietly falls apart.
Why the gap opens
Thin comparable evidence, off-market transactions and a rapidly moving prime segment all widen the distance between sentiment and evidence. A Red Book valuation has to be defensible on evidence alone.
What owners can do
Commission the valuation early, give the valuer full access to the property and disclose everything material about the transaction. Surprises discovered on site are what delay reports.