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    Information on buying property in the Dominican Republic

    We are interested in buying a house in the DR and would like to know how to go about it?

    +1  Views: 830 Answers: 2 Posted: 12 years ago

    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

    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!


     

    Ducky

    Moderator
    Hello Thomas Allen. This question was asked 3 years ago. It was also well answered 3 years ago. Are you a realtor just trying to sneak in a little free advertising?


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