If you consider purchasing real estate in Aruba, think about RE/MAX Advantage Realty as your professional guide.
Being at the top of the list in the real estate sector, we will always be at your service!
RE/MAX Advantage Realty specializes in:
Single | Multi Family Homes
Residential Homes | Condominiums
Vacant Land | New Construction
Commercial Properties |Business Opportunities
Most of the houses situated in Arashi, Malmok, Tierra del Sol, Topaz, Safir, Esmeralda, Ruby, Opal, Salinja Cerca and Palm Beach are built on lease land. Many non-residents have bought there and will keep buying in those areas, although the homes are built on lease land. This has to do with the locations. These areas are close to the spas, golf course, tennis courts and shopping malls. Another huge advantage is the distance to the ocean.
Buying a house in Aruba, means you have to pay land tax. This land tax is usually based on the selling price and is paid each year.
0.0% for properties with a value of AWG 120,000 or less
0.2% for properties with a value between AWG 120,000 and AWG 250,000
0.3% for properties with a value between AWG 250,000 and AWG 500,000
0.4% for properties with a value between AWG 500,000 and AWG 750,000
0.6% for properties with a value of AWG 750,000
When you are considering buying a house in Aruba, it also means that there are additional costs involved besides the selling price. These additional costs - the closing costs - are approximately 5 to 8 percent depending on the selling price.
The closing costs are calculated as follows (one time payments):
approximately 3 percent when the selling price is < AWG 250,000
approximately 6 percent when the selling price is > AWG 250,000
notary fees transfer deed: approximately 1 percent of selling price
notary fees mortgage deed: approximately 1 percent of selling price
RE/MAX Advantage Realty works with a preliminary Sale/Purchase Agreement, signed by the owner of the property. This agreement 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 and Purchase agreement will be required in most cases. The Security Deposit amount should
be transferred to the Notary of your choice; we can assist you if needed.
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.
Are you Interested in Buying or investing on a real estate in Aruba?
If you have any further questions regarding buying a home, please do not hesitate to call us for free advice at (297) 586-4900 or e-mail us at email@example.com.
Find out more about RE/MAX Aruba