Mount Snow Vermont Real Estate - Wilmington VT - Southern VT Real Estate, Homes & Lots of Land

Toll Free (800) VT-AGENT - E-Mail: Email Our Office

Resources for buying and selling

General information about buying/selling real estate in Vermont
The Vermont Real Estate Commission requires that you be given a written disclosure about the buying and selling process. We will go over that form with you when we first meet in our office. In brief, it lets you know whom Heritage Associates is working for and what options exist for buyer representation.

Other information you should know:
Vermont real property taxes are subject to a statewide formula (enacted as Act 60 in 1997 and then altered by Act 68 in 2003). Most areas have experienced significant tax increases over the past 7 years and it is very difficult to estimate exactly what to expect for property tax rates in each town.

In Vermont, the buyer pays to the state a property transfer tax of 1.25% of the purchase price of all property other than the buyer’s principal residence. Principal residence property is taxed at the rate of one-half of one percent of the price up to $100,000 and 1.25% of the price over $100,000.

The Vermont land gains tax requires sellers, if they have owned the property for less than six years, to pay a tax on their profit on the land portion of the sale.

Another tax for sellers if the seller is a non-resident of Vermont and is receiving a gain on the sale: at closing 2.5% of the purchase price will be withheld by the state to satisfy possible gains taxes owed for that calendar year.

Vermont’s land use law – Act 250 – governs certain types of development. It’s also responsible for prohibiting billboards in our beautiful state!

List of Resources in the area:

W. Todd Brown 802 257-5511
Everett R.E. Services 802 257-7149
Green Mountain Appraisals 802 362-4274
Brian Ridgeway 802 348-7254

Christopher Cady (Kramer and Durkin) 802 464-9420
Kerry McDonald (Fisher and Fisher) 802 254-4488
Lance Shader 802 464-5676

Home Inspection Companies:
Heritage Home Inspections Bob Jack 802-999-2528
Criterium-Lalancette Engineers 802 747-4535 or 800 639-4535

Mortgage Companies/Banks:
Peoples United (Laura Dobbin) 802-442-7608
Bratteboro S&L (Rene Cusick)
Kittredge Associates 802 363-4874

Homeowners Insurance:
Mountain Insurance 802 464-5108
Vermont Insurance – Monique Johnson 802 464-5353
State Farm 802 254-2660

Soil testing:
Matthew Beck 802 874-4700
SVE Associates 802 257-0561
John Dechenes 802 254-8483
Merrill Mundell 802 464-2042

Mount Snow Real Estate
Heritage Associates 14 North Main Street Wilmington, VT 05363     Phone (802) 464-8511  Fax (802) 464-8513 Toll Free (800) VT-AGENT       Send an email
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