Selling Your Property in St Lucia
If you are looking into selling your property in St Lucia, Realty St. Lucia can offer you a fantastic range of services to ensure maximum exposure in the marketplace.
As a registered real estate agent, we are also able to list your property on CaribbeanPropertyForum.com the high-profile online property listings website. CaribbeanPropertySearch.com and CaribbeanMLSListings.com are leading Caribbean websites for quality estate agents and property.
We offer all clients who wish to sell their property with us a free listing on the Realty St. Lucia and St Lucia Real Estate MLS websites. In addition, we can provide interactive tours, links to Google Earth, as well as video montages that act as an excellent showcase for your property.
Based on our extensive experience, we can also offer advice and develop unique marketing strategies and advertising campaigns for your property, both in St Lucia and overseas.
Should you wish to list your property with us, please Click Here to or complete the form below.. We look forward to hearing from you!
Our seasoned team at Realty St. Lucia is ready to assist you at every stage of the selling process. We are committed to providing prompt answers to your queries, so feel free to rely on our expertise. Below, you’ll find key insights into the real estate market in St. Lucia.
Transaction Costs:
- Property Transfer Tax: St. Lucian and CARICOM members are subject to a sliding scale, capped at 5% of the selling price. Non-nationals incur a tax of 10% of the selling price.
- Legal Fees: approximately 1% of the purchase price plus 12.5% VAT.
- Real Estate Commission: Around 5% of the purchase price plus 12.5% VAT.
- Out-of-pocket expenses: Roughly EC$1,500 for obtaining three “Tax Clearances” – Income Tax, Property Tax, and NIC (National Insurance).
Standard Sales Procedure:
- The vendor should sign a Listing Agreement provided by the real estate firm or furnish written instructions to the agency to sell their property.
- A written Offer & Acceptance Letter is prepared by the agent and signed by both the vendor and purchaser.
- The purchaser appoints an Attorney.
- The agent instructs the vendor’s attorney to prepare the Sales Agreement.
- The Sales Agreement is signed by the vendor.
- The vendor provides the Purchaser’s Attorney with copies of the Title Deed, Survey Plan, and the current Land Register.
- The signing of the conveyance takes place 2-4 months thereafter.
- Before closing, all property tax, personal tax, national insurance contributions, utility bills, and condominium fees (if applicable) must be fully paid.
Timeline for Completion:
A sales and purchase transaction typically takes approximately 1-6 months.
Real Estate Agency Commission:
The vendor is responsible for covering the real estate agency commission, with no fee charged to the purchaser.
