Want a quick overview of our market before beginning your search? [Read More]
Unless you are paying cash or securing an equity loan on a property elsewhere, you will want to contact one of the lenders licensed to do business in the U. S. Virgin Islands. Before submitting an offer, it is desirable to have a pre- qualification letter from a lender which can be secured within just a couple of days of providing the info to the lender [More and Preferred VI Lenders]
If you are familiar with the process in the continental U.S., the process is the same. Real estate is owned fee simple, and Buyers, as a matter of course, obtain title insurance and the deed and other pertinent documents are filed in the Recorder of Deeds [The Buying Process]
Why Buy in the U. S. Virgin Islands
The climate is the first answer. Our daytime temperatures are consistently in the
78-82 F range. Simply, blissful. The second most important reason is the security of purchasing a property under the protection of U. S. laws governing property ownership.
[But there is more! Read on…]
Where Do I Want to Live in St Thomas
For an island that is only 13 miles long and 3 miles wide, St Thomas offers multiple micro climates and the diverse terrain, vegetation and ambiance to match. On the east end, the terrain is flatter with more of the beaches and less rainfall. The north coast of Peterborg is visually like northern California coast line and [More]
Understanding Our Property Addresses
The islands are divided into Quarters which you can think of as a county
(St. Thomas has 8 quarters; confusing, I know) and then further subdivided into Estates. So an address example is 11-32 Estate Peterborg, Great Northside Quarter, St Thomas, Virgin Islands.
Searching for Properties
While Zillow.com is an uber friendly search portal ( I market my listings on it and am a fan) be aware that as a rule, only those properties a Realtor posts to the site are listed and they are updated only when the Realtor manually inputs the information which means the information may be dated vs. the Search the MLS function on this site which allows you to access the MLS database directly with consumer friendly links. If you wish, you can create an account to save your favorites and set up a personalized Automated Email Notification. New listings that meet your criteria are automatically emailed to you each time one becomes available on the MLS or there is a price change.
Simply stated, a 1031 Exchange allows investors to defer payment of taxes on a capital gain if they reinvest the money in another investment property in accordance with the code. The good news is the provisions of the 1031 Tax Deferred Exchange apply in the U.S. Virgin Islands [Read more on 1031]
Non US Buyers
The same laws that apply to buying in the continental U.S. apply to non U. S. citizens wanting to buy in the U. S. Virgin Islands. There are no prohibitions to purchasing real estate here in the U.S. Virgin Islands and there are reasons to consider a home here; our consistently balmy weather.. [More]
Do you have questions on property taxes, insurance, what’s a cistern? [FAQ]