Hot Summer Deals in the U.S.V.I.
June 9, 2012 in Investment opportunities, Property Values
Summer’s here and the time is right to get in on the hot deals in “America’s Paradise”. St. Croix has always been known for the better deals in the Caribbean, but during our “off season” the opportunities are even better. For example, the 3 bedroom 2 bath home in Est. Mt. Welcome with a bonus 2 bedroom 2 bath income producing apt. below (private entrance). This home commands seaviews as far as the eys can see to the islands on the horizon, overlooking historic Christiansted town and a hop, skip, and a jump to the bustling quaint business district of Gallows Bay. The price on this home-did I mention built with integrity? has been reduced to $295,000 and the owner will finance if you are the right buyer. It just doesn’t get much better than this.
Unlike the U.S. mainland, the U.S. Virgin Islands market is not flooded with homes suffering foreclosure. This is a result of the lending institutions requirement of 20%-25% down payments for qualified buyer’s purchasing homes. Hence the low per centage of failing loans and lost homes, and short sales.
This is just a snippet of all the great opportunities to pick up deals in the Caribbean-the U.S. Virgin Islands , your playground where your investment is protected under the U.S. flag.