Buy a House Or Apartment On Curacao?

by Jammy Hales The Real Estate Curacao

Do you want to buy a house or apartment on Curacao?

Owning a house or a vacation home provides security and stability and helps build wealth.

If financing is required, it is a good idea to submit the funding application to the bank before you start looking for a house or apartment. If that hasn't happened, the process of applying for a mortgage will now begin. This often takes 6 to 8 weeks.

For many people, the search for the right property begins with the creation of a wish list (size, number of rooms, pool, location, price, etc.). Using this list, they search for suitable properties to buy.

Some find their dream house in this way within a few days, others need a little longer. We had 4 houses to visit and a 5th house we didn't know was going to be our dream home. (seen on day 1, slept one night over it and on day 2 - price negotiations begin)

The location of the Buy property in Curacao is very important on Curacao for various reasons. If you find "cheaper" properties on Curacao on the Internet, then there is a reason.

Did you find your dream house or apartment on Curacao?

What happens now?

On Curacao the prices as the word suggests, this is the price that the seller would like to have. As a seller, you make a bid. The bid should already be significantly lower than the lowest price. Otherwise there is no room for negotiation.

The seller may accept your first bid, but in most cases you will be given a counter bid. It is common to bid back and forth several times.

If you are not a specialist, you should have a structural inspection carried out before submitting the first bid. A building inspector then walks through the house or apartment and advises you of minor and major existing and expected defects. On request, he will create an overview of the repair work he recommends. On the basis of this report, you can discuss with the seller whether he is ready to have all or part of this work carried out. Sometimes it can be more practical to negotiate a reduction in the purchase price and do the work yourself or have it done.

If the seller and buyer agree to the terms of the sale, a purchase contract is drawn up. The buyer and seller then sign the purchase contract.

To prove your will to buy, make a down payment. This does not go directly to the seller, but to a notary account of the chosen notary. The deposit is usually 10% and is offset against the entire purchase contract when the property is handed over.

When the expiry date of any dissolving conditions has expired and the financing has been regulated, all parties come together in the notary's office to sign the escrow. If a party cannot be present in person, it can authorize the notary to sign the deed on its behalf.

Related Post: A guide to the Island of Curacao

Now you are the proud owner of your new house or apartment on Curacao.