Buyers Information on houses for sale in Aruba
To inform you on the houses that are for sale here in Aruba or all other Aruban property for sale, Aruba Sotheby's International Realty offers genuine, knowledgeable and certified Aruba real estate agents who will assist you in making any transaction go smoothly. Read the following steps in how we will assist you when you see one of our dream houses for sale in the beautiful island Aruba:
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!
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.
Other than property land you can purchase a home which is built on lease land. Lease Land is owned by the Land of Aruba 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.
Aruba offers many Condo projects under development which you can also buy through Aruba Sotheby's International Realty!
The yearly property tax is only 0.4% and the land tax is US$0.85 per m2 or US$ 0.08 per sq. feet.
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:
(one time tax), six percent of the selling price, depending on the value.
mortgage deed (if applicable)
If you have any further questions regarding buying a home, than please do not hesitate to call the Aruba Sotheby's International Realty office for free advice.