Buying on Sint Maarten is straightforward, but doing your due diligence protects you. Here is a clear checklist of what happens and what to confirm, from offer to closing.
Quick answer: A typical Sint Maarten purchase runs: agree a price and sign a purchase agreement, pay a deposit of around 10% into the notary’s escrow, provide proof of source of funds, let the notary complete title checks and due diligence, then sign the deed of transfer and pay the balance at closing. Recommended checks include a survey or inspection, confirming the title type, and gathering your documents early.
The buying process, step by step
- Agree a price and sign a purchase agreement, the contract setting the price, deposit, conditions and closing date.
- Pay a deposit of around 10% of the price into the notary’s escrow account.
- Provide proof of source of funds for anti-money-laundering checks.
- The notary completes title and due diligence, confirming clean title with no liens.
- Sign the deed of transfer and pay the balance at closing.
Documents you will need
Gather these early to keep the timeline smooth:
- A valid passport.
- Proof of address.
- Proof of funds.
- Source-of-funds documentation for anti-money-laundering checks.
- Corporate documents if you buy through a company.
Checks worth doing before you commit
- A survey or building inspection, especially for older or hurricane-affected properties, to assess condition and boundaries.
- The title type: confirm freehold versus government long-lease.
- For vacant land: zoning, access, utility availability, building permits and boundaries.
- Your contingencies: whether the deposit is refundable depends on the conditions in the purchase agreement, so negotiate financing or inspection clauses before signing.
Frequently asked questions
How much deposit do I need to buy in Sint Maarten?
A deposit of around 10% of the purchase price is common, held in the notary’s escrow account until closing.
Is the deposit refundable if the deal falls through?
It depends on the conditions in the purchase agreement, such as financing or inspection clauses. Negotiate your contingencies before signing.
What documents do I need to buy property in Sint Maarten?
Typically a valid passport, proof of address, proof of funds, and source-of-funds documentation. A company purchase also needs corporate documents.
Ready to make an offer? Browse properties for sale or contact Island Dream Realty to guide your due diligence.
