Dreaming of owning a slice of Caribbean paradise? If you're an international buyer looking to make this dream a reality, here are some invaluable tips to guide you through the process, brought to you by us, Bold Properties Aruba.
Tip 1: Form Your Team - Choose Wisely:
The first crucial step is building a solid team. Trustworthy real estate professionals are your key allies for providing market Insights, personalized services, local Knowledge and paperwork handling: Ensuring a seamless process from paperwork to closing.
Tip 2: The Home Search, Global Reach, Local Expertise:
Once your budget is set, embark on your home search. We cater to buyers worldwide, offering in-person viewings, virtual tours, or a mix of both. Enjoy a seamless experience throughout the real estate process.
Tip 3: Offers and Negotiations - Strategic Moves:
When you find your piece of paradise, it's time for negotiations. We will present offers on your behalf and navigate counteroffers and agreements on details. Guidance through the Compliance is also provided.
Tip 4: Due Diligence - Know Before You Buy:
Aruba's real estate process has unique aspects to consider. Keep these in mind:
- Be sure to conduct a property inspection to ensure everything is in working order.
- Be prepared for a 10% deposit to a notary upon contract execution.
- Finalize paperwork, paying for property taxes, sales taxes, and the notary’s fee.
- Understand fixed tax rates based on the purchase price.
- Budget for additional fees like association fees, inspections, and appraisal reports.
Tip 5: Closing Day - Your Dream Realized:
Once all details are sorted, it's time to close the deal. Expect confirmation shortly after signing documents in the presence of a notary. The keys to your new, sunny home-sweet-home are now in your hands.
Investing in Aruba real estate as an international buyer is an exciting journey, and with these insider tips from Bold Properties Aruba, you're well-equipped to make the most of this Caribbean opportunity.
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