Buyers Information on homes for sale Bonaire


To inform you on homes for sale Bonaire or all other property for sale in Bonaire, Bonaire Sotheby's International Realty offers genuine, knowledgeable and certified Bonaire real estate agents who will assist you in making any transaction go smoothly. Read the following steps in how we will assist you when choose one of our Bonaire houses for sale on this beautiful island:


First step:

A preliminary Sale /Purchase Agreement with the owner of the property should be signed, which contains the basic terms and conditions applicable for the sale/purchase of the property. The Seller is committed to sell the property to you after signing this agreement!


Next step:

A security deposit of 10 percent of the Sale / Purchase agreement will be required in most cases.

Pay or deposit the Security Deposit amount at the Notary of your choice, we can assist you if needed.

The Notary may typically require the following documentation to process the sale/purchase agreements:

Copy of a valid identification card of the buyer

Fill out information of sale form and personal data form

Copy of the security deposit made

Notary process may will take maximum 6 -8 weeks, the charges vary depending on complexity of the transaction.

You will be contacted by the notary or your broker for an appointment to sign the deed and make final payments prior to the appointment date.

It is recommended that your financing is in place by the time that the official Deeds of Sale/Purchase and Transfer of Property are signed at the notary office.


Lease Land

Other than property land you can purchase a home which is built on lease land. Lease land is owned by the Land of Bonaire and a 60 year lease has been given. For these lease rights you pay a yearly fee. Many non-residents have bought lease land or homes situated on lease land.


Taxes

The yearly property tax is 1% and the land tax is US$0.85 per m2 or US$ 0.08 per sq. feet.


Closing Cost

When purchasing one of our Bonaire houses for sale, the following cost will be incurred by the Buyer. These closing costs are approximately 8% of the selling price. The closing costs are calculated as follows:


Transfer tax

(one time tax), six percent of the selling price, depending on the value.


Notary fees

transfer deed


Notary fees

mortgage deed (if applicable)

If you have any further questions regarding buying a property for sale in Bonaire, than please do not hesitate to call the Bonaire Sotheby's International Realty office for free advice.

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