Great Opportunity - 2 unit home on East End

March 15, 2010 | No Comments »

Here is an excellent opportunity to own a lovely CONCRETE home with an income producing apartment or rent out both units as an investment property. 3 bedroom 2 bathroom main home walk in level (NO STAIRS) and a 2 bed 1 bath income producing apartment. This home is close to the excellent restaurants, bars, hotels, and beautiful beaches on the east end of St Thomas. It has fruit trees, an auto on generator, nice views of the Caribbean Sea and is walking distance to Secret Harbor beach. $550k MLS#10-379

Sunset over the Caribbean

Finally a homeowner!

October 26, 2008 | 3 Comments »

I am finally a homeowner myself here in the beautiful US Virgin Islands. AAAHHHHHHH…the wonders of homeownership. The cleaning, the spackleing, the painting, the renting…Oh, did I mention I now have apts to rent? Well I do.

There is a very nice 2 bedroom, 2 bathroom apartment on the lower level. It has a large kitchen and is about 1000sf. It will be available to rent Nov 1.

I am fixing up the 3bedroom, 2.5 bathroom main unit now. It will be ready mid to end of Nov. It also has a large kitchen, wrap around porch on the main level and a balcony on two of the bedrooms. It is about 2600 square feet.

Both have beautiful views from Inner Brass off Magens Bay all the way to Tortola and St John. Windows on all sides, so there are great cross breezes!! The house is on 8/10 acre and is mostly fenced at the end of a dead end road. Both come fully furnished. I will accept pets, but if the pets are not taken care of, the owner has to go!

Contact me at islandrealestate@joimail.com for more info!

Comments (3)

Karen

Closing on property, The Loan Stateside

September 26, 2008 | 1 Comment »

After reading the previous posts, you may be asking yourself, why would I use a lender on island? Well, you may have to. St Thomas and the other US Virgin Islands are territories of the United States, not states themselves. Although the laws and citizenship are US, there are some differences that become more noticable when trying to purchase property here.

If you have a good relationship with your bank or credit union in the states, or if you own property in the US, you may be able to use a stateside lender. The problem is that lenders in the states cannot use a property in the USVI as collateral on a loan. This means you would have to own something in the US of equal value to what you are purchasing in the USVI. If you default on your loan in the USVI, the lender would forclose on your US property.

Unfortunately when it comes to finding a financial lender in the USVI, there are very few choices. We have recently had the opportunity to use lenders located stateside that are licensed to practice in the USVI. That is a welcome change. Half of the transaction is still on island time, but it seems to move along a bit better.

Buying a first home or a vacation home should be an exciting experience, not one you loose sleep over. I have been looking for a home to purchase since I first moved to St Thomas in 2004. I know that sometimes it will be years before you see the home you love. I will help you find that home in paradise!

Comments (1)

Featured Properties
- Great Opportunity - 2 unit home on East End
  Here is an excellent opportunity to own a lovely CONCRETE home with an income producing apartment or rent out both units as an investment property. 3 bedroom 2 bathroom main home walk in level (NO STAIRS) and a 2 bed 1 bath income producing apartment. This home is close to the excellent restaurants, bars, hotels, and beautiful beaches on the east end of St Thomas. It has fruit trees, an auto on generator, nice views of the Caribbean Sea and is walking distance to Secret Harbor beach. $550k MLS#10-379
  
  Sunset over the Caribbean
- Vacation Ritz Carlton Style
  When you come to a beautiful island, you just want to relax and play in the sand and turquoise water. No worries about making beds, cleaning dishes, cooking, or finding a place to eat out all the time with enough room for you and the kids.
  
  Welcome to the Ritz Carlton Club Suites. At the Ritz Club Suites you have two bedrooms - in the master suite, a king size bed and in the other bedroom are two queens. Twice a day maid service, and three meal presentations a day so you dont have to find a restaurant for every meal. If you do find yourself with leftovers or if you feel like cooking, there is a bistro kitchen in the unit. There is even a washer and dryer since you will be staying for two weeks at a time in the winter.
  
  Just imagine being steps from one of the most beautiful beaches on St Thomas. When you wake up in the morning, your view is of palm trees, white sand, and water so blue and clear you can almost make out the fish swimming in the shallows from your room.
  
  Come on down and see what the Ritz Carlton lifestyle is all about.
- Restaurant for Sale!
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- St Thomas Vacation Villa with 360 views PRICE REDUCED!!
  
  Contact Karen Korsgren
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