In a recent episode of The Power of Bold Living, we were thrilled to welcome Chamila Tromp, owner and Notary of Newleaf Notary Aruba, to guide us through the essential aspects of real estate transactions on the island. Chamila’s in-depth knowledge of the local real estate market and legal processes offered listeners valuable insights, especially for those looking to buy or sell property in Aruba.
Key Topics Discussed
Chamila’s discussion with our host, Xina, covered critical real estate documents and processes, from understanding the official deed and property deed to the intricacies of the Power of Attorney (PoA) and the closing process. She broke down what each document means, its importance, and the role a notary plays in ensuring a smooth transaction.
Highlights of the Episode
1. Understanding the Role of the Notary
Chamila explained the role of a notary in Aruba, which includes managing property deeds and ensuring the legal transfer of property. She emphasized that only a licensed notary can execute a deed transfer, making their role crucial in any property transaction.
2.The Closing Process
Listeners got an overview of the closing process, which typically takes 6 to 8 weeks. Chamila explained each step in this timeline, from initial agreements to the final handover, and discussed factors that can impact this timeline, such as paperwork preparation and effective communication between parties.
3. Power of Attorney Essentials
Chamila clarified when a Power of Attorney is necessary, detailing the steps involved and when it can streamline the process, especially for clients unable to be physically present for the transaction.
4. Communication and Preparation Tips
Chamila shared practical advice on how clients can avoid delays by preparing necessary documents early and maintaining open communication with all parties involved. She also advised on follow-up steps clients should take post-closing to ensure everything is in order.
Key Takeaways for Smooth Transactions
Chamila’s advice for potential buyers and sellers is clear: thorough preparation and proactive communication are essential. By staying organized and understanding each stage of the process, clients can help ensure their transactions stay on track.
Chamila left listeners with valuable advice and encouraged them to reach out to Newleaf Notary Aruba with any questions. Her expertise made this episode an informative resource for anyone interested in real estate transactions in Aruba.
Whether you’re in the early stages of buying, selling, or just curious about the process, this episode provides a roadmap to navigate Aruba’s real estate market with confidence.
