With all of the development that is currently taking place in the British Virgin Islands (BVI) such as, Scrub Island, Beef Island, and Raffles Resort…We bring you part two of the article that was written by our first guest author. If you missed the first part of the post you can read from the beginning here:
http://www.mytropicalescape.com/2007/07/03/buying-a-home-in-the-british-virgin-islands/

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Today we have our first guest writer here on mytropicalescape.com and they will be providing the finer details on the procedure associated with purchasing a home or property in the BVI (if you are not a citizen). These folks have purchased a home within the past couple of years so they are very well versed on the whole process.

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In continuing with the post, “why didn’t we buy in the BVI” I will finish off the story with a comparative look at the cost (note: just the property itself, I did not include the taxes or other costs) of purchasing a home or property in the British Virgin Islands. In fairness to the BVI, I decided to evaluate housing and land prices for three of the places Terrie and I had considered making our permanent home, which are the BVI, Nicaragua, and Culebra. Additionally, for those looking to maybe purchase in one of these three places I thought it would give folks a ballpark idea of what the prices are like.

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This morning I was asked by a colleague, “if you and Terrie have been in living in the British Virgin Islands (BVI) for four years why didn’t you just buy something here?” and the question made me think that other people might have the same inquiry. Honestly, I would have to say there were roughly three or four major issues and a multitude of other seemingly inconsequential reasons but when they’re compounded together also factored into our decision to buy elsewhere. Today we will focus on cost.

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You may have noticed from the brief [June 20] post below, it is now official, as of June 20, 2007 we own the Palmetto Guesthouse on Culebra. Remember, this post ONLY discusses the closing, so as you read through and get near the end of the day and you see how we have to race around keep in mind that we have had NINE months of this. Also, although I make light of the situation below this purchase would have never have happened if it was not for the efforts of our attorney, Ignacio, Sara at Metro Island Mortgage, Joe, and Sandra Wagner of Blue Horizon Realty who stuck with us when most other realtors would have been laughing at us. If you are looking to buy on Culebra we highly recommend her. Post starts now.

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