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:

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

Attorneys:
Christopher Cady (Kramer and Durkin) 802 464-9420
Richard Carroll (Kristensen, Cummings) 802 254-8733
Kerry McDonald (Fisher and Fisher) 802 254-4488
Jean Giddings 802 254-2345
Gwen Harris and Margot Stone 802 258-2827
Jane Krochmalny (Weber, Perra) 802 257-7161
Jim Maxwell 802 257-1299
Tim O’Connor 802 254-8340
Lance Shader 802 464-5676

Home Inspection Companies:
American Property Services 802 464-5677
Criterium-Lalancette Engineers 802 747-4535 or 800 639-4535
HomeTeam Inspection Service 802 254-1118
Richardson Home Inspection Service 800 649-4833
New England Property Services 802 257-5782
Mountain House 802 368-2562
Southern Vermont Home Inspection Company 802 464-7344

Mortgage Companies/Banks:
A.J. Dalton 802 464-5512
Eastern Funding 802 464-4600
Kittredge Associates 802 363-4874
Merchants Bank 802 464-8688

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