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Topic starter
Hello, been lurking for awhile; this is my first post. We are in the early stages of thinking about whether we might want to have a retirement place on St John (spending the other part of the year in New England) - our kids are school age now, but we figure we would like to get to know people and island life over a few years before making an actual move.
Part of the decision is of course what it what cost to own, and whether if we buy in advance of retirement and change our minds and need to sell we'll be OK. So, we would like to start a relationship with a real estate agent, with full disclosure that we are not necessarily looking to buy now, but to learn the options and perhaps be ready to move quickly if the right opportunity comes up.
Any recommendations or advice?
Posted : October 25, 2015 11:54 pm
ST. JOHN PROPERTIES, INC.
P.O. Box 700, Cruz Bay
St. John, USVI 00831
Phone: (340) 693-8485
(809) 693-8470
Fax: (340) 776-6192
B. J. Harris, GRI, CRS, CIPS, RSPS, NAR GREEN
Ph. 340/513-4670
BJ@StJohn Properties.com
Posted : October 26, 2015 5:21 am
Send Piaa (on this form) a message. She and her husband can help you out. They live on St. John, are both agents, and Piaa (Diane) is just super knowledgeable all around.
Posted : October 26, 2015 8:09 am
Thank you Julie - my husband is a Broker with St John Properties and I am an agent there also. We would love to help you out - send me a PM or email my husband at [email protected]
Piaa
Posted : October 26, 2015 12:25 pm
Buying a House or Condo on St. John
Expect to pay around $350,000 for a “handyman special” home; super luxurious homes can top the $10,500,000 mark. The average home goes for $1,250,000. Condominiums range from around $300,000 for a studio to $1,500,000 for a two-bedroom unit. The average condo goes for $675,000. Homes and condos are often bought for use as short-term rental, providing an income as well as an island getaway for the owner.
The Virgin Islands offers an economic and tax incentives program through the Economic Development Commission (EDC). By moving to St. John and locating part or all of your business in the Virgin Islands can be very beneficial. Some of these benefits may include a 901 Exception on income taxes, 901 exemptions on S Corp, Corporate Dividends or Partnership distributions, 100% exemption on gross receipts taxes, property taxes, etc.
http://stjohnrealtorsvi.com/?page_id=1305
Posted : October 26, 2015 2:16 pm
Topic starter
Thanks for all the info! Looking forward to our next trip to St John.
Posted : October 27, 2015 9:49 pm