Living and Investing in the Dominican Republic
If you're thinking about
living in or purchasing a home in Dominican Republic, be sure to read our Buyer's
Guide to help you find out about the legal process and the local real estate
market. Link: http://buyer.puntacanalife.com
Buying Real Estate in Dominican Republic
If you are considering buying
real estate in the Dominican Republic, be sure to hire a lawyer, and do not
sign any contracts without investigation.
Attorneys and Real Estate Agents
If you are considering buying
real estate in the Dominican Republic, be sure to hire a reputable lawyer. You
should hire a lawyer to give you legal advice, and to assist you with the
process of buying real estate in the Dominican Republic. The Dominican Republic
has a reputation for unregulated matters in its real estate market, so you
should have a lawyer to help investigate factors for your best interest.
A real estate agent can be
helpful, but is not necessary- but why wouldn't you use the help of an agent
who knows the area, the market and the language? Punta Cana Lifestyle Real Estate offers some
of the best properties in the Bavaro - Punta Cana areas- all with titles and
effective on-site condo management. Take
a look at some of the best offers here: http://sale.puntacanalife.com
Rules, Regulations and Restrictions
There are no restrictions
against the foreign ownership of property in the Dominican Republic. You are
subject to the same laws as the local citizens.
General Process
First, you should settle on a
property, and make an offer to the seller. Then a Reservation Contract should
be drawn up, which is a contract of sale. You will put down a deposit, and the
property will be off the market for a few weeks. Your lawyer should then review
the contract, and do further investigations to make sure everything is legally
sound. The property should be surveyed, and all of the taxes by the seller must
be paid. Your lawyer can help you with this process.
If everything clears, you will
need to sign the Final Contract of Sale/Title Deed. You will need to pay the rest
of the balance to the seller, as well as necessary fees and taxes. You must
register your new property with the Land Registry of the Dominican Republic.
For more information on the Bavaro
- Punta Cana Real Estate market, contact Jocelyn Hernandez Irizarry at (809)
552-0421 or visit www.puntacanalife.com
Jocelyn Hernandez Irizarry
Punta Cana Lifestyle Real Estate
Plaza Arenal Caribe No. 5, Bavaro
(809) 552-0421
jocelyn@puntacanalife.com
www.puntacanalife.com