Buying Real Estate in St Lucia with Micha Landers
Buying real estate in St Lucia has gotten easier. Buy with the #1 Selling Real Estate agent in St Lucia Caribbean, who is a member of The Realtors Association St Lucia INC.
Read This Before You Buy a House in Saint Lucia
Saint Lucia is one of the most sort after islands to buy a house in the Caribbean. Houses in St Lucia don’t come cheap especially in High Net Worth golf areas such as Cap Estate, Rodney Bay, Marigot Bay and Soufriere. You will have some powerful businessmen and women as your neighbors. Houses in these neighborhoods are also perfect for holiday, and raising a family. Before considering buying a house in St Lucia, Micha Landers can help you understand what is involved and how you can go about the process.
Here are some important factors you need to consider before buying a house in Saint Lucia.
How Much Does it Cost to Own a Home in St Lucia
Based on my experience, the minimum price you would pay to buy a house in St Lucia in 2019 was $500,000.00. However, you will be lucky especially during this COVID19 ERA to buy a house below the asking price. There are few houses in Rodney Bay, Cap Estate and Soufriere that have been sold above the asking price. There are also homes available at asking price of over $5 million in Saint Lucia.
Cost distribution of buying a house. Realtors Fees, Attorney Fees and Government of St Lucia Fees..
|Alien Landholding License||0.50% – 1%||buyer|
|Legal Fee||3% – 5%||buyer|
|Vendor’s Tax||5% – 10%||seller|
|Real estate agent’s commission||7%||seller|
|Costs paid by buyer||3% – 5.50%|
|Costs paid by seller||8.50% – 16.00%|
|ROUNDTRIP TRANSACTION COSTS||11.50% – 21.50%|
4 Smart Ways to Buy Homes in St Lucia
Buying a luxury home in St Lucia can be an exciting and overwhelming process. You will need to see a lot of houses and you will need to play it smart to ensure that your agent or the landlord is not over-charging you.
In fact, most people bought their St Lucia homes at an over-bloated asking price. You need to do a lot of research and use trusted agents when you want to buy a house in St Lucia. Below are some factors you will consider when buying a luxury home in St Lucia:
- Know What You Want
Make a list of what you want in your home. Don’t start looking for a house in Saint Lucia until you have a clear idea of the type of house you are looking for and things you need in your house. This will help you to narrow down your search and set your budget.
- Take it Easy
You may want to see all the available homes at once, however, I recommend only seeing 4-5 homes in a day. This will help you remember the important details you need in your home.
- Use me as I’m a Trusted St Lucia Agent and a member of the Realtors Association St Lucia INC which operates by a strict code of ethics
Use a real estate agent like me, that is expert in Saint Lucia Luxury homes. When choosing an agent, the two factors you must consider is his reputation and knowledge of luxury homes in Saint Lucia. Some agents will try to over-charge you so that they will get a huge commission; this is why it is very important that you find an honest and a reliable agent.
Once you see a home that you love, make your bid immediately. Don’t hesitate or keep on comparing homes. If you love a house you see, chances are others will love it as well. Don’t waste time, else you will miss it.
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