2 Answers
Here are several links to choose from>>>http://www.bing.com/search?q=Information%20on%20buying%20property%20in%20the%20Dominican%20Republic&pc=conduit&ptag=AA86C9977A80442CA91F&form=CONOMX&conlogo=CT3077742&ShowAppsUI=1
12 years ago. Rating: 3 | |
Hello,
The great news is, it is not difficult to invest in property in the Dominican Republic and they have some beautiful homes available in stunning locations for very reasonable prices.
Here are some things you should know about buying property in the Dominican Republic:
Residents and non-residents enjoy the same rights as property owners
Hire a real estate lawyer--there is a lot of fraud in this country and little protection for buyers
Real estate agents in this country offer higher prices to foreign buyers
A 10% deposit is required to reserve a property take it off the market
The lawyer will take care of the due diligence process
Payment for the balance owing is made to your lawyer’s escrow/trust account
There are certain documents you are required to submit to complete the transfer of the title
The lawyer will submit everything to the Title Registry Office where it will bear the new owner’s name
The entire process could take anywhere from 40 to 60 days to complete.
I hope this gives you a better idea of how it works! Good luck to you!
9 years ago. Rating: 1 | |