You are here: Forum > Living in Central America or in the Caribbean > Virgin Islands > Accommodation > Buying property in the Virgin Islands
  Register and reply  

Buying property in the Virgin Islands


#1  2011-12-02 11:20:03

Christine
Administrator
Christine
From: grand baie
Registered: 2008-09-29
Posts: 24071

Buying property in the Virgin Islands

Hi,

can a foreigner buy property in the Virgin Islands?

If so, is it complicated? What is the process of purchasing a property in the Virgin Islands?

Any tips for buying property, such as a check-list of items to verify ?

Thanks in advance for participating!

Christine




 
 
 
 


Follow Expat blog on Facebook, Twitter and Google+
  • Offline

#2  2011-12-06 23:30:42

DogloverfromVI
Active member
DogloverfromVI
From: Christiansted
Registered: 2011-07-07
Posts: 26

Re: Buying property in the Virgin Islands

Yes, foreigners can buy property in the VI. As long as you can demonstrate that you can either pay a mortgage each month or if you pay cash that you can establish that the funds are legitimate there is no problem.

I believe it's a little more complicated than in the mainland as there are things here you have to pay attention to that you don't have in the states like cisterns (water retainers) flood zones, septic tanks, etc.

The first thing to do would be to hire a Realtor. They have an abundance of Realtors and Real Estate companies on island and they're all very good.

They use Attorneys here for closings: to look at the paperwork, monies and all the inspections.

I would hire an attorney to do all the work to be honest and I would have inspections on almost everything unless it was a home just built. There seems to be a problem with property lines too here. Frankly, without a surveyor, I don't know how you'd ever determine where your property line is as there is so much growth of trees, plants, vines, etc.  And I've never seen property markers here (those are markers placed in the 4 corners of your property to determine the property line)




 
 
 

  • Offline

#3  2011-12-07 05:39:16

Rouma
New member
Registered: 2011-11-21
Posts: 336

Re: Buying property in the Virgin Islands

Hello DogloverfromVI,

Thank you for this info! smile

Rouma




 

  • Offline

#4  2011-12-07 23:07:37

DogloverfromVI
Active member
DogloverfromVI
From: Christiansted
Registered: 2011-07-07
Posts: 26

Re: Buying property in the Virgin Islands

Rouma;
Hope this info helps and any questions, just ask and I will try to find an answer or direct you to the appropriate place for a answer.




 
 
 

  • Offline

#5  2011-12-08 08:25:37

Christine
Administrator
Christine
From: grand baie
Registered: 2008-09-29
Posts: 24071

Re: Buying property in the Virgin Islands

Thank you for your help, DogloverfromVI! smile




 
 
 
 


Follow Expat blog on Facebook, Twitter and Google+
  • Offline
Like this topic? Share it with your friends!


Expatriate health insurance Virgin Islands

Free advice and quotation service to choose an expat health insurance.
>> Click here

Moving to Virgin Islands

Get free quotes from international moving companies. Compare prices and services.
>> Click here

Expat banking Virgin Islands

Discover the benefits of expat banking for people living and working abroad.
>> Click here

Businesses and services in the Virgin Islands

Find companies and professionals in the Expat blog directory.
>> Click here

Luggage shipping Virgin Islands

Useful information about luggage shipping abroad.
>> Click here

Travel insurance Virgin Islands

Don't worry and travel happy over the world.
>> Click here

To
Subject *
Message *
   You are here: Forum > Living in Central America or in the Caribbean > Virgin Islands > Accommodation > Buying property in the Virgin Islands