Buyers Information


Santa Barbara Plantation | Sotheby's International Realty will assist you to make your transaction go smoothly:


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.


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 buying a home, 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 home, than please do not hesitate to call the Santa Barbara Plantation | Sotheby's International Realty office for free advice.

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