Tips for Buyers

Once you have found the house or property of your choice and the financing is in place, there are a couple of TIPS you, as a prospect owner, should consider.

• Sign a preliminary Sales/Purchase Agreement with the owner of the property, containing the basic terms and conditions of purchasing the property. This will commit the owner (seller) to sell the property to you. ERA Solito will prepare this agreement for its clients and is able and willing to advise others on these terms and conditions, even though the house might not have been purchased through ERA Solito.


• When you sign the preliminary Sales/Purchase Agreement a security deposit will be required in most of the cases. The amount may vary, but 5 to 10% of the selling price is usually a reasonable estimate of the amount.


• Pay the Security Deposit amount at the notary’s office or deposit this on the notary’s bank account.


• As the buyer you have the right to appoint the notary. Please find the E-mail addresses of the notaries here in Aruba in the Web Links tab of our website.


• If at the time of signing of the preliminary Sales/Purchase Agreement you do not have the financing of the property in place, be sure to include a clause stating this to avoid losing your security deposit.


• In case you need financial advice and/or mortgage assistance, please contact one of the financial institutions linked to ERA Solito’s Website.


• Be sure to have the financing process completed before the official deeds of Sales/ Purchase and Transfer of Property are signed at the notary office of your choice.


• The initial documents required for the notary to process the Sales/Purchase Agreement are the following:


• Copy of a valid identification card of the buyer(s);


• Information of Sale form properly filled out;


• Your Personal Data (Personalia) form;


• Proof of payment of the Security Deposit.

In due course the notary will inform you if any other documentation is required.

• Notary will take approximately 6 – 8 weeks to process the official documentation and signing of these, if all documentation is in place.


• Notary charges can vary. It all depends on complexity of the transactions. A fair estimate would be between 5% and 8% of the selling price.


• The notary will contact you or your broker for an appointment to sign the deed(s) and inform you of the amount (balance) to be paid, prior to the appointment date. It is recommended to pay this amount at least 3 (three) working days prior to the signing date in immediately available funds.


• After this the property is yours. Congratulations!!!

It is very important to choose a good Real Estate company to assist you in buying your property in Aruba. SOLITO Trust & Management N.V., d.b.a. ERA Solito Real Estate, will be able, willing and happy to assist you.

"We make no promises, but care about our clients"