Frequently Asked Questions

While it’s uncommon for real estate values in Aruba to depreciate, factors like economic downturns, natural disasters, or changes in the local market can influence property values. It’s essential to consult with a real estate professional to get a better understanding of the specific market conditions in Aruba.

The value of a home depends on several factors beyond its age, including location, condition, size, and amenities. Older homes often have unique character and charm but may require more maintenance and renovations. It’s advisable to carefully evaluate new and older homes to determine which suits your needs and budget best.

A real estate broker is a licensed professional who facilitates the buying, selling, or renting properties. They provide expertise in negotiation, market analysis, and legal matters. Brokers often work with agents who are supervised by the broker.

Typically, you can pay your own property taxes and insurance. However, some mortgage lenders require you to escrow these payments, meaning they will collect them from you monthly and hold them in a separate account to ensure timely payment.

The loan process can vary depending on several factors, including your financial situation and the lender’s requirements. Generally, it can take anywhere from a few weeks to several months to obtain a mortgage approval. It’s recommended to start the loan application process early and work closely with a mortgage lender to streamline the process.

Yes. Qualified foreign nationals can get a mortgage from a local Aruban bank with a down payment of about 40 percent. You apply in person at the bank with a set of required documents. We send buyers the document list ahead of time and walk them through the whole process.