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Thread: Timeframes from offer to closing on a home in Aruba...

  1. #1
    Member Travelinman's Avatar
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    Timeframes from offer to closing on a home in Aruba...

    Hi,

    How long does it take from the time the offer is accepted to the time the deal is closed for purchasing a home in Aruba? (It would be a cash offer with no financing needed)

    thanks,

    Rich
    Last edited by Travelinman; 04-06-2017 at 10:04 AM.

  2. #2
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    We put our offer in on 12/5/2016 and we were suppose to close on 3/31/2017. That date was changed by the Notary to 05/08/2017. Most real estate agents we talked to told us the average was 3-4 months. From our experience having all required documents submitted asap and communication with everyone involved keeps everything moving along at a quicker pace.
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  3. #3
    Member Travelinman's Avatar
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    Thanks! My realtor got back to me and said the same thing... "3 months for a title search"

  4. #4
    Senior Member lizzardo's Avatar
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    Actually closing quickly is preferred here at least when we bought our house. I believe part of the problem is that there has been an issue with deeds.
    When we left, our notary told us that in some cases it took years to get the government to issue a new deed. Thankfully, I have the original
    deed (with the stamps on it) and no liens. So a title search is not needed.

    So I think a lot has to do with the seller having to get their affairs in order. As in any case, it depends on what has to be done

  5. #5
    Senior Member act1966's Avatar
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    Bank on a minimum of three months. Note: you don't have to be there for closing as long as you have representation (it can't be your real estate agent... We used our property manager).
    Last edited by act1966; 04-06-2017 at 06:11 PM.

  6. #6
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    Ours got held up because it was a new property and the tax assessment hadn't been broken down to the individual units. As it turned out they gave us an estimated settlement cost in order to get our wire transfer in order. They had hoped to have the true assessment in their hands last week, but we haven't heard yet. We're really not in any rush anyway, as the development is not 100% ready yet and we don't return until October.
    [url=https://www.TickerFactory.com/]
    TRIP 14 MARCH 5-28 2018
    OUR COUPLE'S RETREAT. THE PEARL CONDO HOTEL AT EAGLE BEACH. CONDO ACCOMODATES TWO ADULTS. https://youtu.be/hfk7YBj3Z1k
    RENTING DIRECTLY THROUGH http://www.thepearlaruba.com/.

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    Four months for us.

  8. #8
    Senior Member SkiChris's Avatar
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    The offer for our home was accepted on Sept 26 2012 and we closed on Dec 7 2012 (72 days). Ours was a cash offer (no financing in Aruba required). We gave our property manager the power of attorney to close on the property for us (like act1966 mentioned). This worked well as the closing documentation is written in Dutch. We also gave our property manager the power of attorney to get all of the utilities changed to our name (electric, water, and phone). This worked well because we flew to the island ~ 5 days after the closing and were able to go directly to our new home which was completely ready and waiting for us.

  9. #9
    Senior Member robin's Avatar
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    We signed all the contact on December 16(all cash sale) and closed on March 28. The contract said closing would be within 120 days.

  10. #10
    Senior Member SkiChris's Avatar
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    By the way, I thought I'd mention to you that at your closing you will receive a letter from your notary which serves as proof of ownership of your home and it is recognized throughout Aruba. But you should be aware that you will wait a very long time to receive your title. We've been waiting over 4 years and the government still hasn't issued one - we check on it every 6 months. Gotta love island time. :-)

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