Real Estate Miriam answers all

Ask Real Estate expert Miriam Engeln anything about properties in ARUBA, such as how to invest in real estate, how to maximize occupancy in vacation properties, rental income tips, constructing a house, home exchange, house flipping, retire-/ moving to ARUBA and so on.

This week’s questions and answers:

Enrique Hernandez:  How easy or difficult is it for a new company to enter the vacation rental/real estate industry on Aruba?

 

Miriam Engeln: To start a new business in Aruba the following; in case the owner was not born in Aruba but is considered local, first she/he should apply for a business license at the Department of Economic Affairs. When there is more than one person involved, the partners are required to register a general partnership. A sole proprietorship is a legal form with only one proprietor, who is personally liable for all of the business’ actions.

The sole proprietorship is reserved for locals (Arubans) or people who are considered local. When the owner of the sole proprietorship is born in Aruba with the Dutch nationality and at least 18 of age, she/he is exempted from the business license requirement and can make an appointment to register the sole proprietorship at the Aruba Chamber. For more information please visit the websites: http://www.arubachamber.com/

And/or http://www.arubaeconomicaffairs.aw/

Email your real estate questions to email address; mdengeln@yahoo.com and a selection of your questions will be answered each Saturday in this newspaper Aruba Daily.

Miriam has been writing about and selling Real Estate in ARUBA, since the year 2004 on this lovely sunny island. 

this weeks question;

Anabelle Baker:

How do I sell my house?

Miriam Engeln:

Choose a great Real Estate Agent with expertise and experience in your market. Ask questions about how they communicate with their clients. Ask how many transactions they have completed in the past year. Do they work part time or full time? Ask them what is their area of expertise and do they have referrals of past clients they can provide for you. Price the Home to Sell, this is where you need a great Listing Agent with real estate experience.

If you price it too high buyers will pass it up without ever stepping through the door. Price it too low, and you’ll give it away to the first taker. Consult with your Realtor to find a happy medium so you don’t lose time or money.

Your agent can help you set a competitive price by comparing recent sales of homes in your area. It starts with cleaning and de-cluttering and can include painting and rearranging furniture.

The goal is to create a welcoming environment that’s easy for buyers to see as their own. Once you get an offer, you will need guidance and comparables to determine whether the price that the buyer is offering is a good offer. Today’s buyers rely heavily on the Internet in their search for the perfect home, and photos play a big role in capturing their attention.