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Step 1
Determine what type of real estate property you want to buy. Ascertain whether you require a residential property, or if you are planning a business property. Questions, like whether you will be renting it out or subletting, should also come into play when considering options.
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Step 2
Obtain a valid passport or other visa to ensure that you can inhabit your new property once it is secured. Apply for the proper overseas identification before beginning your search for property.
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Step 3
Begin searching for a real estate agent. Make a list of questions to ask the agent regarding topics like fees and if the brokerage firm pays closing costs. Test your agent's familiarity with the country to ensure competency.
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Step 4
Set a budget for your purchase. Plan on spending anywhere from $200,000 to $3,000,000 depending on the type of property you want to secure.
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Step 5
Know that owners of real estate in Aruba are required to pay annual rates of approximately 0.4% of the value of the property. Note that the value of the property is determined by prescribed valuation method.
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Step 6
Make arrangements to visit Aruba to look at potential properties with your agent. Be prepared to make a list of escrow or other demands before closing a deal.
