Should you get Pre-Qualified to Buy St Croix Property? YES!

A word about getting pre-qualified before 'shopping' for homes, land, condos in VI:

With all the new federal guidelines impacting the mortgage industry, it is getting more and more difficult to secure financing for the purchase of property in the VI. Only a few banks here will lend on land, and many of the condo complexes are self-insured and the banks are no longer lending on them.

Plus - if you're one of those brave souls who plans to sell everything and come down to paradise to live - if you need a mortgage - you may not be able to get one until you've worked here for a few years.

So, to save yourself some big disappointments - Please take a few minutes out of your busy day to contact a lender here on the island (your bank will NOT lend
on property here....trust me).

I will be happy to give you a list of names - just email and ask. Once you have that coveted pre-qualification letter - then believe me - sellers will pay MUCH more attention to your offer and seriously consider it.

Sadly, I've seen offers that are not even countered because the buyers were not pre-qualified! Had they been, my feeling is that the deal could be negotiated to everyone's satisfaction.

Contact me for names of reputable, experience St Croix lenders.

Kim Lucas, Realtor
340-626-3758
kim@coldwellbankervi.com
www.kimlucasvi.com
www.retireinthevi.com