What are the steps to buy a villa in St. Barth?

Are you planning to buy a villa located on the small corner of Paradise, St.Barts? What a great idea. You need to be well informed about such important purchases. We are here to prepare your purchase and guide you. Here are some tips for purchasing a villa in stages in St. Barth. 

 1. What is your budget?

Define your budget

First, you need to define the amount you are willing to pay to the villa. Look at the average price of an island villa and the price per square meter of land. This way you can be sure your budget will correspond to the real estate market prices in St. Baht. Please note that prices may vary depending on the location, facilities and amenities offered by the villa. For example,

, a coastal villa has a higher price than an interior home. Similarly, villas with ocean views are more expensive than those without the view. So take your time and find everything you can to avoid getting any troublesome surprises when purchasing.

As soon as you define your budget, define your criteria, the next step is to determine the important requirements for your dream villa at the time of purchase. Not everyone has the same expectations, they are looking for the same equipment. Some want a swimming pool, while others prefer a house with spacious gardens. Others are interested in the number of rooms in the house, the size of the bedroom, the size of the living area, the size of the country, or the number of bathrooms in the villa.

Therefore, it is important to carefully think about what you are looking for and to carefully consider purchasing a suitable villa for your needs and expectations.

Villa Felicita, 7 bedrooms luxury estate, located in Lorient area.

Credit picture : Laurent BENOIT 

2. For more information about the St.Barths real estate market, buy a villa in St. Barth. Start researching the local real estate market. This means conducting surveys on the Internet, the media and contact networks. It is also important to consult with a reputable real estate agency, such as the

 Luxury One agency. They have years of experience to help clients find their dream home on the island. 

 3. Contact your agent and visit the real estate (personally or practically)

Once you have defined your budget and criteria and researched your local market, it's time to find a future home after your future home! We highly recommend that you seek the help of a professional who has experience searching and purchasing properties in St. Barth. With comprehensive knowledge of the local real estate market, you can find the ideal villa that meets your budget and standards in a short period of time. Plus, you can accompany the entire real estate transaction to ensure everything is smooth and amazingly executed! If you are considering buying property at St Barth, the perfect time is now. The island's economy is strong and blossoming, with great demand for vacation rentals and major housing. To find out more about the St. Barth Real Estate Market or your own paradise, contact Luxury Ones agency today. We are available personally in our office or video calls.

After selecting a property for you, you can also perform a virtual visit before viewing it on site.

4. Assess the costs and then make an offer to buy

When buying a property, it is important to take into account all the expenses related to the purchase so as to not be surprised after signing the deed of sale.

The following is a non-exhaustive list of these costs:

* Notary fees (depending on the property price)

* Land registration fees 

* Property tax 

* Building work (renovation, decoration...) 

* Co-ownership fees (if it’s a flat)

. Therefore, it is important to take them into consideration when offering offers.

Who can help estimate these costs?

*Activate approximately 6.5% of the real estate price for notary and land registration fees.

*For construction work, we recommend getting quotes from various experts such as builders and decorators.

* Regarding co-owner fees, the agent can tell you whether to purchase the apartment.

*There is no fixed asset tax for basic tax! When purchasing a luxurious holiday home with

Cent Bus, you need to consider a variety of financing options.

Villa Panama, contemporary estate, 6 bedrooms, located in St.Jean area.

 5.Search : 

Your first option to search for the best solution for fundraising is to use your own means or fairness. This can be a great option if you have financial resources. This is because it also serves as a negotiation center with sellers. Transactions without loan terms always take precedence over loan equivalent offers, which are inevitably uncertain.

You can also take bank loans from an institution on the island or overseas.

If you are not a French citizen, bank loans are still possible, but banks often seek greater contributions and often prefer you to be interested in St. Baath. In this case, it is often the best option to set up a local company and set up the property. Luxury Ones agents can advise on these issues and stay in touch with auditors who are familiar with these arrangements.

Either way, make sure you are prepared. The current market in St. Barth is the seller market, and real estate is rare and you need to be able to quickly submit attractive offers as soon as you find the property that suits you.

Villa Nagabajaa, modern & recent estate, 4 beds, located in Anse des Cayes area.

6. Buying Process

Have you found the villa of your dreams? This is fine, your gorgeous agent will guide you through the process of purchasing a purchase.

This first document is usually a long page and contains important points included in your offer:

Prices and all the contingencies. If the seller accepts your purchase offer, he shapes it against him and your agent will send the file to a notary who will create a pre-sale agreement (or sells the promise).

The role of the notary is neutral. She split the sale in a fair way between the seller and the buyer. In France (and therefore in St. Bath), it is rarely accompanied by a lawyer in traditional property. The notary is about a month after receiving the purchase offer to prepare the interim sales agreement.

An interim sale agreement is a binding document between a buyer and a seller. If one of the parties withdraws from sale, the other party may apply for forced execution of the sale or reward. However, it can include the final connection.

Receive loans, planning certificates, building permits, etc.

. Once you sign an interim sales agreement, the buyer leaves a deposit with a notary (typically 10%).

 If you purchase the property to use a non-professional buyer, the latter will have a payment period 10 days after signing the interim sale agreement. It is important to note that

 St Barth does not have property taxes, but buyers can pay around 6.5% of the purchase price at an emergency fee. 

7. Purchase

Purchases are confirmed by signing a certificate of sale and paying ownership at the notary's office. It usually takes two to three months after you sign the contract to sign the certificate. The transfer of the property is then made by a notary.

Now we have ruled out all steps to buy at St. Barth. High-end agents can help you search until you buy.