Live the island life year-round.
The Caribbean Sea offers a myriad of dream homes, from well-priced beachfront condos to extravagant estates. Whether you are investing in a second vacation home or making the move a permanent one, Bold Real Estate Aruba is here to guide you through this special process, and ensure it is a smooth and simple operation.
The first and most vital step is to meet with a trusted real estate professional to outline your wants, needs, and any other expectations you may have. The Bold Real Estate Aruba team can explain the current state of the market, offer insight into recent statistics, and answer questions you may not have thought to previously ask. Using an agent costs a buyer nothing and is one of the most vital aspects of the coming transaction. In addition to gaining a unique insight from someone who lives on the island year-round, they offer a wealth of knowledge on contractual issues and are an invaluable source should you encounter any bumps later on down the road.
After you have secured financing and/or set up a budget, you will be able to set appointments to view homes, whether it be in-person, virtually, or a combination of both.
Bold Real Estate Aruba is adequately equipped to handle buyers from all four corners of the globe throughout every step of the real estate process.
Once you have found the perfect piece of Caribbean paradise to call your own, Bold Real Estate Aruba will present an offer on your behalf to the sellers. The sellers can accept or reject your offer, but most often they will counter your initial offer. Once both parties have fully agreed on each individual detail and signed the contract, both sides will receive executed copies, and the buyer will proceed onward into escrow.
While the process of buying real estate in Aruba is somewhat similar to that in several other countries and U.S. states, there are some differences. You are still entitled to a property inspection to take a closer look at the home and ensure everything is in working order. Some timelines and fees may also be slightly different. Upon execution of your contract, you will need to make a 10% deposit to a notary. The notary will then contact you (usually within six weeks) for the final signing of paperwork and to collect payment for property taxes, sales taxes, and the notary’s fee. Depending on the purchase price, your property in Aruba will have a fixed tax rate within a certain bracket.
Once all of the T’s have been crossed and I’s have been dotted, it will be time to close! Documentation will need to be signed in the presence of a notary but once signatures from both sides of the transaction and payment have been received, you should expect confirmation of your official closing shortly after. From there, the only thing left to do is to pick up your keys and enjoy your new, sunny, home-sweet home.
Buying property in the Caribbean is something many people only ever dream of. Most never move forward on this aspiration because they simply aren’t sure of where to start. The team at Bold Real Estate Aruba strives to not only assist you in pursuing your dreams, but to make the process one that is memorable, smooth, and exciting. Contact us today to learn more about the ins and outs of Aruba’s vibrant real estate market.
