Purchasing 5* beachfront real estate at the Landings in St. Lucia is straightforward.
It is possible to reserve a particular property by signing a reservation agreement and paying a US$10,000 deposit. This deposit is fully refundable ahead of your site visit and becomes nonrefundable only on the final day of your stay. A buyer then has 30 days of legal due diligence before signing the purchase and sale agreement.
The Landings can recommend independent local lawyers who have handled many new and resale transactions over the years. The legal fee depends to some extent on how you plan to structure the purchase but is likely to cost between US$8,000 and US$12,000.
The payment structure is dependent on how far the property in question is through the development process. If construction is not yet underway the buyer is required to deposit 10% of the purchase price into escrow on signing contracts. Further payments become due at key stages through the construction process.