Buying, renting and selling, answered

Frequently asked questions

Who is V-Star Properties?

V-Star Properties Company Limited is a full-service real estate brokerage based in San Fernando, Trinidad, with more than ten years of experience. It lists, markets and closes sales and rentals of houses, townhouses, apartments, land and commercial property.

What areas does V-Star Properties cover?

Mainly South and Central Trinidad: San Fernando, La Romaine, Palmiste, Gulf View, Marabella, Bel Air, Philippine, Debe, Gasparillo, Couva and Chaguanas, with regular listings further north in Curepe, St. Joseph, Valsayn and Trincity.

How many properties does V-Star Properties have for sale and rent?

68 properties for sale and 73 to rent right now, including 22 parcels of land. Every price is in Trinidad and Tobago dollars (TTD).

Does V-Star Properties handle rentals?

Yes. V-Star lists single and multi-family rental units, from studio apartments to furnished executive homes, and arranges leasing for landlords from listing to signature.

Does V-Star sell land and commercial property?

Yes. V-Star markets residential, agricultural and investment land, plus commercial retail, office and warehouse space, including property in the Point Lisas industrial area.

How do I book a viewing?

Use the "Arrange a viewing" form on any listing, or call or WhatsApp V-Star Properties Company Limited on +1 (868) 718-7839, or email v-starproperty@outlook.com. Pre-screening with a valid ID is required before any viewing is scheduled, and a property for sale also needs a mortgage pre-approval or proof of funds.

What documents do I need to view a property?

Before V-Star can schedule a viewing, every visitor needs pre-screening with a valid ID. To view a property for sale you also need a mortgage pre-approval letter or proof of funds. Have these ready when you request the viewing and it can be booked straight away.

How do I sell or rent out my property with V-Star?

Send the details through the Sell page on this site, or call or WhatsApp V-Star Properties Company Limited on +1 (868) 718-7839, or email v-starproperty@outlook.com. V-Star will talk through the price and how to market it, with no obligation to list.

How much is stamp duty on a house in Trinidad and Tobago?

For a residential property with a house on it, the first $850,000 is exempt. Then 3% applies from $850,000 to $1,250,000, 5% from $1,250,000 to $1,750,000, and 7.5% above $1,750,000. The bands are marginal, so each rate applies only to the slice of the price inside its band.

Do first-time buyers pay stamp duty in Trinidad?

A first-time buyer of a home pays no stamp duty on a purchase up to $2,000,000 (Finance Act 2020, in force from 1 January 2021). For land only, the ordinary $450,000 exemption applies.

How much is stamp duty on land in Trinidad?

For residential land with no house, the first $450,000 is exempt, then 2% applies up to $650,000, 5% up to $850,000 and 7% above that, each on its own slice of the price.

What closing costs should I budget for when buying?

Besides the deposit, budget for stamp duty, attorney fees (usually a percentage of the price), a valuation fee if you take a mortgage, and stamp duty on the mortgage deed of 0.2% above $450,000. The Mortgages page on this site works out all of these for a given price.